RAVINDRA MADANLAL KHANDELWAL,AKOLA vs. DCIT/ACIT CIRCLE , AKOLA

In the result, appeal filed by the assessee is allowed for statistical purposes

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

32,292/-. 3. Whether on the facts and circumstances of the case, the learned First Appellate Authority was justified in endorsing disallowing on interest expenses of Rs.97,66,208/–. 4. Appellant craves leave to add or alter any other ground that may be taken at the time of hearing.” 3. Ground no.1, relates to unexplained cash credits amounting

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

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

BANK OF INDIA,NAGPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, (TDS), CIRCLE-1, NAGPUR

In the result, all the appeals are partly allowed in above terms

Bench: Shri R.S.Syal & Shri Partha Sarathi Chaudhury

TDS, 2012-13 R.T. Road Branch Circle-1, Nagpur 29 339/Nag/2022 Bank of India, -do- 2013-14 Kamleshwar Branch 30 340/Nag/2022 Bank of India, -do- 2013-14 Saoner Branch 31 341/Nag/2022 Bank of India, -do- 2014-15 Saoner Branch 32 342/Nag/2022 Bank of India, -do- 2013-14 Parsheoni Branch 33 343/Nag/2022 Bank of India, -do- 2014-15 Parsheoni Branch Assessee

BANK OF INDIA,NAGPUR vs. DEPUTY COMMISSIONER OF INCOME TAX(TDS), NAGPUR

In the result, all the appeals are partly allowed in above terms

Bench: Shri R.S.Syal & Shri Partha Sarathi Chaudhury

TDS, 2012-13 R.T. Road Branch Circle-1, Nagpur 29 339/Nag/2022 Bank of India, -do- 2013-14 Kamleshwar Branch 30 340/Nag/2022 Bank of India, -do- 2013-14 Saoner Branch 31 341/Nag/2022 Bank of India, -do- 2014-15 Saoner Branch 32 342/Nag/2022 Bank of India, -do- 2013-14 Parsheoni Branch 33 343/Nag/2022 Bank of India, -do- 2014-15 Parsheoni Branch Assessee

BANK OF INDIA,NAGPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, TDS, CIRCLE-51(1), NAGPUR

In the result, all the appeals are partly allowed in above terms

Bench: Shri R.S.Syal & Shri Partha Sarathi Chaudhury

TDS, 2012-13 R.T. Road Branch Circle-1, Nagpur 29 339/Nag/2022 Bank of India, -do- 2013-14 Kamleshwar Branch 30 340/Nag/2022 Bank of India, -do- 2013-14 Saoner Branch 31 341/Nag/2022 Bank of India, -do- 2014-15 Saoner Branch 32 342/Nag/2022 Bank of India, -do- 2013-14 Parsheoni Branch 33 343/Nag/2022 Bank of India, -do- 2014-15 Parsheoni Branch Assessee

BANK OF INDIA,NAGPUR vs. DEPUTY COMMISSIONER OF INDIA (TDS), CIRCLE-1, NAGPUR

In the result, all the appeals are partly allowed in above terms

Bench: Shri R.S.Syal & Shri Partha Sarathi Chaudhury

TDS, 2012-13 R.T. Road Branch Circle-1, Nagpur 29 339/Nag/2022 Bank of India, -do- 2013-14 Kamleshwar Branch 30 340/Nag/2022 Bank of India, -do- 2013-14 Saoner Branch 31 341/Nag/2022 Bank of India, -do- 2014-15 Saoner Branch 32 342/Nag/2022 Bank of India, -do- 2013-14 Parsheoni Branch 33 343/Nag/2022 Bank of India, -do- 2014-15 Parsheoni Branch Assessee

BANK OF INDIA,NAGPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, (TDS), CIRCLE-1, NAGPUR

In the result, all the appeals are partly allowed in above terms

Bench: Shri R.S.Syal & Shri Partha Sarathi Chaudhury

TDS, 2012-13 R.T. Road Branch Circle-1, Nagpur 29 339/Nag/2022 Bank of India, -do- 2013-14 Kamleshwar Branch 30 340/Nag/2022 Bank of India, -do- 2013-14 Saoner Branch 31 341/Nag/2022 Bank of India, -do- 2014-15 Saoner Branch 32 342/Nag/2022 Bank of India, -do- 2013-14 Parsheoni Branch 33 343/Nag/2022 Bank of India, -do- 2014-15 Parsheoni Branch Assessee

BANK OF INDIA,NAGPUR vs. DEPUTY COMMISSIONER OF INCOME TAX(TDS), CIRCLE-1, NAGPUR

In the result, all the appeals are partly allowed in above terms

Bench: Shri R.S.Syal & Shri Partha Sarathi Chaudhury

TDS, 2012-13 R.T. Road Branch Circle-1, Nagpur 29 339/Nag/2022 Bank of India, -do- 2013-14 Kamleshwar Branch 30 340/Nag/2022 Bank of India, -do- 2013-14 Saoner Branch 31 341/Nag/2022 Bank of India, -do- 2014-15 Saoner Branch 32 342/Nag/2022 Bank of India, -do- 2013-14 Parsheoni Branch 33 343/Nag/2022 Bank of India, -do- 2014-15 Parsheoni Branch Assessee

BANK OF INDIA,NAGPUR vs. DEPUTY COMMISSIONER OF INCOME TAX (TDS), CIRCLE-1, NAGPUR

In the result, all the appeals are partly allowed in above terms

Bench: Shri R.S.Syal & Shri Partha Sarathi Chaudhury

TDS, 2012-13 R.T. Road Branch Circle-1, Nagpur 29 339/Nag/2022 Bank of India, -do- 2013-14 Kamleshwar Branch 30 340/Nag/2022 Bank of India, -do- 2013-14 Saoner Branch 31 341/Nag/2022 Bank of India, -do- 2014-15 Saoner Branch 32 342/Nag/2022 Bank of India, -do- 2013-14 Parsheoni Branch 33 343/Nag/2022 Bank of India, -do- 2014-15 Parsheoni Branch Assessee

BANK OF INDIA,NAGPUR vs. DEPUTY COMMISSIONER OF INCOME TAX (TDS), CIRCLE-1, NAGPUR

In the result, all the appeals are partly allowed in above terms

Bench: Shri R.S.Syal & Shri Partha Sarathi Chaudhury

TDS, 2012-13 R.T. Road Branch Circle-1, Nagpur 29 339/Nag/2022 Bank of India, -do- 2013-14 Kamleshwar Branch 30 340/Nag/2022 Bank of India, -do- 2013-14 Saoner Branch 31 341/Nag/2022 Bank of India, -do- 2014-15 Saoner Branch 32 342/Nag/2022 Bank of India, -do- 2013-14 Parsheoni Branch 33 343/Nag/2022 Bank of India, -do- 2014-15 Parsheoni Branch Assessee

BANK OF INDIA,NAGPUR vs. DEPUTY COMMISSIONER OF INCOME TAX (TDS), CIRCLE-2, NAGPUR

In the result, all the appeals are partly allowed in above terms

Bench: Shri R.S.Syal & Shri Partha Sarathi Chaudhury

TDS, 2012-13 R.T. Road Branch Circle-1, Nagpur 29 339/Nag/2022 Bank of India, -do- 2013-14 Kamleshwar Branch 30 340/Nag/2022 Bank of India, -do- 2013-14 Saoner Branch 31 341/Nag/2022 Bank of India, -do- 2014-15 Saoner Branch 32 342/Nag/2022 Bank of India, -do- 2013-14 Parsheoni Branch 33 343/Nag/2022 Bank of India, -do- 2014-15 Parsheoni Branch Assessee

BANK OF INDIA,NAGPUR vs. DEPUTY COMMISSIONER OF INCOME TAX(TDS), NAGPUR

In the result, all the appeals are partly allowed in above terms

Bench: Shri R.S.Syal & Shri Partha Sarathi Chaudhury

TDS, 2012-13 R.T. Road Branch Circle-1, Nagpur 29 339/Nag/2022 Bank of India, -do- 2013-14 Kamleshwar Branch 30 340/Nag/2022 Bank of India, -do- 2013-14 Saoner Branch 31 341/Nag/2022 Bank of India, -do- 2014-15 Saoner Branch 32 342/Nag/2022 Bank of India, -do- 2013-14 Parsheoni Branch 33 343/Nag/2022 Bank of India, -do- 2014-15 Parsheoni Branch Assessee

BANK OF INDIA,NAGPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCEL-51(1), NAGPUR

In the result, all the appeals are partly allowed in above terms

Bench: Shri R.S.Syal & Shri Partha Sarathi Chaudhury

TDS, 2012-13 R.T. Road Branch Circle-1, Nagpur 29 339/Nag/2022 Bank of India, -do- 2013-14 Kamleshwar Branch 30 340/Nag/2022 Bank of India, -do- 2013-14 Saoner Branch 31 341/Nag/2022 Bank of India, -do- 2014-15 Saoner Branch 32 342/Nag/2022 Bank of India, -do- 2013-14 Parsheoni Branch 33 343/Nag/2022 Bank of India, -do- 2014-15 Parsheoni Branch Assessee

BANK OF INDIA,NAGPUR vs. DEPUTY COMMISSIONER OF INCOME , CIRCLE-51(1), NAGPUR

In the result, all the appeals are partly allowed in above terms

Bench: Shri R.S.Syal & Shri Partha Sarathi Chaudhury

TDS, 2012-13 R.T. Road Branch Circle-1, Nagpur 29 339/Nag/2022 Bank of India, -do- 2013-14 Kamleshwar Branch 30 340/Nag/2022 Bank of India, -do- 2013-14 Saoner Branch 31 341/Nag/2022 Bank of India, -do- 2014-15 Saoner Branch 32 342/Nag/2022 Bank of India, -do- 2013-14 Parsheoni Branch 33 343/Nag/2022 Bank of India, -do- 2014-15 Parsheoni Branch Assessee