M/S BENARA BEARING PVT.LTD,AGRA vs. DCIT-CC-1, KANPUR
In the result, the appeal of the assessee is partly allowed
ITA 333/LKW/2024[B.P.1996-97 to 2002-03]Status: DisposedITAT Lucknow25 Oct 2024
Bench: Sh. Sudhanshu Srivastava & Sh. Nikhil Choudharya.Y. : B.P. 1996-97 To 2002-03 M/S Benara Bearings Pvt. Ltd., Deputy Commissioner Of Income- 44/347, Bharatpur Road, Vs. Tax, Central Circle-1, Kanpur Bodla, Agra-282007 U.P. Pan:Aabcb5525F (Appellant) (Respondent) Assessee By: Sh. Ashish Jaiswal, Advcoate Revenue By: Sh. Gayasuddin, Cit Dr Date Of Hearing: 05.09.2024 Date Of Pronouncement: 25.10.2024 O R D E R Per Sh. Nikhil Choudhary: This Is An Appeal Against The Order Of The Ld. Cit(A), Nfac, Passed Under Section 250 Of The Income Tax Act, 1961 On 21.09.2023. The Grounds Of Appeal Preferred Are As Under:-
For Appellant: Sh. Ashish Jaiswal, AdvcoateFor Respondent: Sh. Gayasuddin, CIT DR
Section 132Section 143(2)Section 158BSection 245CSection 250Section 263
158B(b) of the Act made by Finance Act, 2002 with retrospective effect from 1.07.1995. He also placed reliance on the decision of the Hon’ble Rajasthan High
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A.Y. : B.P. 1996-97 to 2002-03
M/s Benara Bearings Pvt. Ltd.
Court in the case of CIT vs. Ajay Kumar Sharma 259 ITR 240, which held that once
