Bharat Sanchar Nigam Ltd vs. DCIT Circle 2 (1)
In the result this ground is allowed for statistical purposes
ITA 3718/DEL/2006[2003-2004]Status: DisposedITAT Delhi22 Jan 2016AY 2003-2004
Bench: Smt. Diva Singh & Shri J. Sudhakar Reddyay: 2003-04 Ay: 2004-05 Ay: 2005-06 Ay: 2006-07 Ay: 2007-08 Ay: 2008-09 Ay: 2008-09 Bharat Sanchar Nigam Ltd. Vs. Acit, Range 2 Taxation Section, 1St Floor New Delhi Bharat Sanchar Bhavan Janpath New Delhi Ay: 2003-04 Ay: 2008-09 Ay: 2005-06 Ay: 2006-07 Ay: 2007-08
For Appellant: Shri Tarandeep Singh, AdvFor Respondent: Smt. Anuradha Misra, CIT, D.R
Section 37
…s order both the assessee as well as the Revenue have filed appeals. 4.4. After hearing rival contentions we find that the issue in question is no more res integra. The ITAT Mumbai “D” Bench in the case of Videsh Sanchar Nigam Ltd. vs. JCIT (2002) reported in 81 ITD 456 (Mumbai) vide order dt. 14th September, 2000 held as follows. “Section 37(1) of the Income-tax Act, 1961 - Business -expenditure - Allowable as - Assessment year 1995-96 - Assessee, a Government-company, was incorporated in 1986 for entire management, control, operation and maintenance of overseas communication service of Department of Telecommuni…