THE ADDL. CIT, RANGE-5,, AHMEDABAD vs. M/S. PRECISION BEARING P. LTD.,, AHMEDABAD
ITA 1048/AHD/2015[2010-11]Status: DisposedITAT Ahmedabad29 Jun 2022AY 2010-11
Bench: Ms. Suchitra Kamble & Shri B.M. Biyaniwith Co No. 109/Ahd/2015 Assessment Year: 2010-11 Add. Cit, Range-5 M/S Precision Bearing Pvt. Ltd. Ahmedabad 28A, Changodar Industrial Estate, Sanand Vs District – Ahmedabad . (Appellant / Revenue) (Respondent / Assessee) Pan: Aaacp 9205 H Revenue By Shri S.S. Shukla, Sr. Dr/ Shri Vijay Kumar Jaiswal, Cit-Dr Respondent By Shri S.R. Shah, Ar Date Of Hearing 11.03.2022/23.06.2022(Virtual) Date Of 29.06.2022 Pronouncement
Section 143(3)
section 35A.”
[Underlines supplied]
ITA No. 1048/Ahd/2015 & CO No. 109/Ahd/2015
A.Y. 2010-11
Page 7 of 21
Therefore if the expenditure is revenue in nature, which is so in the present appeal, this amendment is not applicable.
(iii)
The Ld. AO has also observed in the assessment-order that most of the expenses related to the earlier years. To check