Fri. Apr 23rd, 2021

Commissioner Of Income Tax-Iv vs Hero Motocorp Limited on 8 May, 2017

1 min read

2. By its order dated 14th January, 2016, the Court issued notice confined to
the following question (which incidentally was the fourth of the five
questions urged by the Revenue):
“Whether on the facts and circumstances, the ITAT was correct
in law in holding that by export of specified models to specified
countries, the Assessee company had benefited and therefore by
deleting addition of Rs. 12.19 crores made by AO on account of

ITA 923 of 2015 Page 1 of 10
export commission without appreciating the fact that the
Assessee has to export motorcycles to underdeveloped countries
in very restrictive environment and on such terms and conditions
which were detrimental to the Assessee and were for the benefit
of the subsidiaries of the AE.”

Source: Indian Kanoon

Leave a Reply