M/S MAHESHWARI COAL BENEFICATION & INFRASTRUCTURE P LTD.,BILASPUR vs. ACIT CENTRAL CIRCLE 1(1), NAGPUR

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant Mmber

TDS has been deducted on such interest expenses claimed; more so, the alleged sum had already been repaid on 4-10-18 prior to the search conducted on 11-7-19; the addition of Rs.7,59,397 is not justified, is liable to be deleted.” 29. The Assessing Officer has made following additions:– Opening bal. Interest credited Loan creditors

M/S MAHESHWARI COAL BENEFICATION & INFRASTRUCTURE P LTD.,BILASPUR vs. ACIT CENTRAL CIRCLE 1(1), NAGPUR

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant Mmber

TDS has been deducted on such interest expenses claimed; more so, the alleged sum had already been repaid on 4-10-18 prior to the search conducted on 11-7-19; the addition of Rs.7,59,397 is not justified, is liable to be deleted.” 29. The Assessing Officer has made following additions:– Opening bal. Interest credited Loan creditors

M/S MAHESHWARI COAL BENEFICATION & INFRASTRUCTURE P LTD.,BILASPUR vs. ACIT CENTRAL CIRCLE 1(1), NAGPUR

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant Mmber

TDS has been deducted on such interest expenses claimed; more so, the alleged sum had already been repaid on 4-10-18 prior to the search conducted on 11-7-19; the addition of Rs.7,59,397 is not justified, is liable to be deleted.” 29. The Assessing Officer has made following additions:– Opening bal. Interest credited Loan creditors

M/S MAHESHWARI COAL BENEFICATION & INFRASTRUCTURE P LTD.,BILASPUR vs. ACIT CENTRAL CIRCLE 1(1), NAGPUR

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant Mmber

TDS has been deducted on such interest expenses claimed; more so, the alleged sum had already been repaid on 4-10-18 prior to the search conducted on 11-7-19; the addition of Rs.7,59,397 is not justified, is liable to be deleted.” 29. The Assessing Officer has made following additions:– Opening bal. Interest credited Loan creditors

DY. C.I.T. CENTRAL CIR.-2(2), NAGPUR vs. M/S SHREE AGRAWAL FINANCE INDIA P. LTD.,, NAGPUR

In the result, Revenue’s appeal is dismissed

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

1,26,32,896/-. The assessee has submitted ledger account of HDFC Mutual Fund in submission dated 18-01-2016. The dividend from Mutual Fund is exempt u/s 10(35) of IT Act in the hands of assessee investor. In submission dated 13.01.2016 and earlier submission dated 27.11.2013, the assessee has submitted the details of the dividend received from HDFC

INCOME TAX OFFICER WARD-2, CHANDRAPUR vs. NITIN SUBHASH SHARMA, CHANDRAPUR

In the result, appeals by the Revenue for the A

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

1) or in response to notice u/s 148 of the Act, whether before AO or CIT(A). 4. The Ld. CIT(A) has erred by relying on the grounds of appeal of the assessee that amount of Rs. 4,16,42,363/- was business receipts and also crred on the facts by concluding that assessee was engaged in the business

INCOME TAX OFFICER WARD-2, CHANDRAPUR vs. NITIN SUBHASH SHARMA, CHANDRAPUR

In the result, appeals by the Revenue for the A

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

1) or in response to notice u/s 148 of the Act, whether before AO or CIT(A). 4. The Ld. CIT(A) has erred by relying on the grounds of appeal of the assessee that amount of Rs. 4,16,42,363/- was business receipts and also crred on the facts by concluding that assessee was engaged in the business

INCOME TAX OFFICER WARD-2, CHANDRAPUR vs. NITIN SUBHASH SHARMA, CHANDRAPUR

In the result, appeals by the Revenue for the A

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

1) or in response to notice u/s 148 of the Act, whether before AO or CIT(A). 4. The Ld. CIT(A) has erred by relying on the grounds of appeal of the assessee that amount of Rs. 4,16,42,363/- was business receipts and also crred on the facts by concluding that assessee was engaged in the business