DEPUTY COMMISSIONER OF INCOME TAX-1(3)(1), MUMBAI, MUMBAI vs. DIEBOLD NIXDORF INDIA PRIVATE LIMITED, MUMBAI
In the result, the appeal of the revenue is dismissed
ITA 6715/MUM/2024[2009-10]Status: DisposedITAT Mumbai12 Mar 2025AY 2009-10
Bench: Shri Rahul Chaudhary & Smt. Renu Jauhriआयकर अपील सं./Ita No. 6715/Mum/2024 (निर्धारण वर्ा / Assessment Year :2009-10) Dcit-1(3)(1), Mumbai V/S. Diebold Nixdorf India Pvt. Room No. 540, 5Th Floor, बनाम Ltd. Aayakar Bhavan, M. K. 17Th Floor, Romell Tech Road, Churchgate, Park, North Side, It Mumbai-400020 Building No. 2, Nirlon Compound, Village Pahadi, Goregaon East, Maharashtra-400063 स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aaacd3206C Appellant/अपीलधर्थी .. Respondent/प्रनिवधदी
For Appellant: Shri Nikhil TiwariFor Respondent: Shri R. R. Makwana
Section 143(3)Section 250Section 37(1)Section 92Section 93
balance outstanding to Diebold Inc towards unpaid trade payables cannot be considered as a loan for the purpose of Section 93(1)(b) of the Act as there is no transfer of asset to non-resident.
Therefore, the provisions of Section 93 of the Act are not applicable
