ASSISTANT COMMISSIONER OF INCOME TAX, CHHINDWARA vs. M/S. CENTRAL MADHYA PRADESH GRAMIN BANK, CHHINDWARA

In the result, the Revenue’s appeal is dismissed

251(1)(a) 4 | P a g e Asst. CIT v. Central Madhya Pradesh Gramin Bank stands amended by Finance Act, 2001, excluding the power of set aside with the first appellate authority w.e.f. 01/6/2001. The impugned order does not, even as contended by the Revenue per its’ Ground, address the issue as to if a nexus was required

DEPUTY COMMISSIONER OF INCOME TAX(CENTRAL), JABALPUR vs. ANAND MINING CORPORATION, JABALPUR

In the result, the Cross Objection of the assessee is partly allowed