ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE - 4,, PUNE vs. M/S. POONA CLUB LTD,, PUNE
In the result, the appeal filed by the Revenue in ITA
ITA 1939/PUN/2017[2013-14]Status: DisposedITAT Pune20 Apr 2022AY 2013-14
Bench: Shri Inturi Rama Rao & Shri S. S. Viswanethra Ravisl.
For Appellant: Shri Neelesh KhandelwalFor Respondent: Shri M. G. Jasnani
Section 143(1)Section 143(3)Section 147Section 148
…g for regular/permanent members much different from non-voting members placing reliance on the decision of the Hon’ble Supreme Court in the case of CIT vs. Calcutta Stock Exchange Association Ltd., 36 ITR 222 and Delhi Stock Exchange Association Ltd. vs. CIT, 41 ITR 415. 18. Being aggrieved by the above additions, an appeal was filed before the ld. CIT(A), who vide impugned order confirmed the disallowances of expenditure @ 7.5% claimed against the interest income and also confirmed the disallowance of expenditure claimed against the three receipts like venue charges, dinner receipts and receipts from providing c…