AUTORIDERS INDIA P. LTD,MUMBAI vs. ASST CIT 9(1), MUMBAI
In the result, all the three appeals filed by the assessee are allowed, as above
ITA 2805/MUM/2012[2004-05]Status: DisposedITAT Mumbai17 Nov 2017AY 2004-05
Bench: D.T. Garasia & Shri G. Manjunathaassessment Year: 1997-98 Assessment Year: 1999-2000 Assessment Year: 2004-05 M/S. Autoriders India Pvt. Ltd., The Asst. Comm. Of Income 4-A, Vikas Centre, Tax-9(1), 104 S.V. Road, Vs. Aayakar Bhavan, Santacruz, Mumbai Mumbai – 400 054 Pan: Aaaca8939R (Appellant) (Respondent) Present For: Assessee By : Shri Vijay Mehta, A.R. Revenue By : Shri R.P. Meena, D.R. & Shri Rajesh Kumar Yadav, D.R. Date Of Hearing : 10.11.2017 Date Of Pronouncement : 17.11.2017 O R D E R
For Appellant: Shri Vijay Mehta, A.RFor Respondent: Shri R.P. Meena, D.R. &
Section 143(3)Section 271(1)(c)Section 274
charitable trust under Bombay Public Trust Act and is assessed to tax and letter of confirmation was submitted. The accounts of the said society are audited and amount appeared as a loan to the assessee. In respect of interest on advance to Autoriders Finance it was explained that the transaction with the Autoriders Finance which was a group company
