KHALID NADEEM ALLARAKHA,NAGPUR vs. I.T.O. WARD 3(4), NAGPUR

In the result, appeal is partly allowed

Bench: Shri P.K. Bansal & Shri Amarjit Singh

227 (P&H), has held that direct deposit in the bank account of the recipient by the payer assessee not violating provisions of section 40A(3) r/w rule 6DD of the Rules. In view of the said law, it is quite clear that the payment by the assessee on account of purchase of agricultural produce nowhere come within the ambit

SHRI DEEPAK SITARAM LADDHAD,BULDHANA vs. DEPUTY COMMISSIONER OF INCOME TAX, AKOLA CIRCLE, AKOLA

In the result, appeal of the Assessee is Allowed

Bench: S.S.Viswanethra Ravi & Dr. Dipak P. Ripoteआयकर अपील सं. / Ita No.375/Nag/2017 िनधा"रण वष" / Assessment Year : 2010-11 Shri Deepak Sitaram The Deputy Commissioner Of Laddhad Laddhad Hospital, Vs Income Tax, Akola Circle, Behind Shivaji College, Akola. Wankhede Layoiut, Buldhana – 443001. Pan: Aarpl 4180 F Appellant / Assessee Respondent / Revenue Assessee By None. Revenue By Shri G.J.Ninawe – Dr Date Of Hearing 10/11/2022 Date Of Pronouncement 16/11/2022 आदेश/ Order Per Dr. Dipak P. Ripote, Am: This Is An Appeal Filed By The Assessee Against The Order Of Ld.Commissioner Of Income Tax(Appeals)-1, Nagpur Dated 17.07.2017 Emanating From The Order Of The Assessing Officer Dated 14.03.2013. The Assessee Has Raised The Following Grounds Of Appeal: “1] Learned C.I.T.(A) Erred In Confirming The Disallowance The Interest Amounting To Rs.2,80,926/- Out Of Disallowance The Interest Made By A.O. Amounting To Rs.3,69,635/-. 2] Learned C.I.T.(A) Erred In Not Properly Appreciate The Fact Of The Case & Various Submission Filed Before The A.O. & Before Her.

227 3. The AO observed that assessee had claimed interest expenditure of Rs.26,53,824/-. The AO calculated notional interest @15% which works out to Rs.3,69,635/- on the interest free advances and disallowed the said amount of Rs.3,69,635/- under section 36(1)(iii) r.w.37(1) of the Act. Aggrieved by the same, assessee filed appeal before

ACIT-CENTRAL CIRCLE-1(3), NAGPUR vs. R.B.S.D. AND F.N. DAS (EXPORT FIRM), VIZIANAGARAM

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

section 69C of the Act. 5. On appeal, the learned CIT(A) deleted the addition with following observations:- "4. Discussion and Decision:- Ground no.3, is regarding addition of ₹ 1,04,27,361, u/s 69C being unexplained expenditure to contractors. The A.O., during the assessment proceedings noticed that the appellant has incurred expenditure of ₹ 1,04,27,361, towards mining expenses