INCOME TAX OFFICER, WARD-2 (3), JABALPUR vs. SHRI VINOD KUMAR CHATE, JABALPUR

short), the revision of the former (vide order dated 28/03/2017) is also contested by the assessee before us. The issues arising being common and inter-related, the appeals were heard together, are being adjudicated per a common order. The background facts 2.1 The background facts, as borne out of the record, are that the assessee’s father, Late Shri Murlidhar

SHRI VINOD KUMAR CHATE,JABALPUR vs. COMMISSIONER OF INCOME TAX-2, JABALPUR

short), the revision of the former (vide order dated 28/03/2017) is also contested by the assessee before us. The issues arising being common and inter-related, the appeals were heard together, are being adjudicated per a common order. The background facts 2.1 The background facts, as borne out of the record, are that the assessee’s father, Late Shri Murlidhar

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE -2(1), JABALPUR vs. M/S. MAHAKAUSHAL SUGAR & POWER INDUSTRIES LTD., NARSINGHPUR

In the result, the Revenue’s appeal is partly allowed for statistical purposes

Bench: Shri Sanjay Arora, Hon’Ble & Shri Manomohan Das, Hon'Ble

short), allowing the assessee’s appeal contesting it’s assessment under section 143(3) dated 24/12/2019 of the Income Tax Act, 1961 (‘the Act’ hereinafter) for Assessment Year (AY) 2017-18. 2. The appeal raises two issues, which we shall take up in seriatim. Ground # 1 is in respect of an addition for u/s. 69 for Rs. 411.98 lacs

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE KATNI, KATNI vs. J.P TOBACCO PRODUCTS PVT. LTD, DAMOH

In the result, both appeals of the Revenue are dismissed

Bench: Shri Om Prakash Kantshri Pavan Kumar Gadale

short “AO”) has made addition for disallowance of the excess interest paid to Directors and relatives of directors. In AY 2016-17, addition of Rs.11,59,23,319/- was made whereas in AY 2017-18, identical addition of Rs.9,57,47,779/- was made. 4. Aggrieved, the assessee filed appeal before Ld.CIT(A) in both

ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-KATNI, KATNI vs. J.P. TOBACCO PRODUCTS PVT. LTD, DAMOH

In the result, both appeals of the Revenue are dismissed

Bench: Shri Om Prakash Kantshri Pavan Kumar Gadale

short “AO”) has made addition for disallowance of the excess interest paid to Directors and relatives of directors. In AY 2016-17, addition of Rs.11,59,23,319/- was made whereas in AY 2017-18, identical addition of Rs.9,57,47,779/- was made. 4. Aggrieved, the assessee filed appeal before Ld.CIT(A) in both