M/S. PRAKASH ASHPHLTING & TOO HIGHWAY LTD.,INDORE vs. THE ACIT, (CENTRAL)-1, INDORE
In the result, assessee’s ITA No
ITA 283/IND/2021[2008-09]Status: DisposedITAT Indore10 Jan 2023AY 2008-09
Bench: Ms. Suchitra Kamble & Shri B.M. Biyani(Conducted Through Virtual Court) Assessment Year: 2008-09 Prakash Asphaltings & Toll Acit (Central)-1 Of Highway (India) Ltd., Indore बनाम/ 76, Mall Road, Vs. Mhow (Appellant / Assessee) (Respondent / Revenue) Assessment Year: 2008-09 Acit, Central-1, Prakash Asphaltings & Indore Toll Of Highway (India) बनाम/ Ltd., 76, Mall Road, Vs. Mhow (Appellant / Revenue) (Respondent / Assessee)
Section 132Section 143(3)Section 147Section 148Section 148(2)Section 271D
269T i.e. where the loan is repaid. But, however, in the present case the allegation of department is that the assessee has given loan to AIDPL. Hence, neither section 271D nor section 271E is applicable qua the assessee.
11. Based on above pleading made by assessee, the Ld. Addl. CIT sought a factual-report from Ld. AO on the nature
