DY. C.I.T. CENTRAL CIR.-2(2), NAGPUR vs. SMT. ANJU A. SARAF, NAGPUR

In the result, all the appeals of the revenue, cross objections of the assessee are dismissed and appeals filed by the assessee are allowed

Bench: Shrisandeepgosain & Shriarunkhodpia

Section 22 of the Income Tax Act on the property which is other than the self occupied property. I find that the assessee owns two residential properties. During the course of assessment, the AO held that the residential property at Saibaba Temple Road, Hospet is a self occupied property of the assessee on the basis of the Wealth Tax return

SMT. ANJU SARAF,,NAGPUR vs. A,C.I.T CENT CIR. 2(2), NAGPUR

In the result, all the appeals of the revenue, cross objections of the assessee are dismissed and appeals filed by the assessee are allowed

Bench: Shrisandeepgosain & Shriarunkhodpia

Section 22 of the Income Tax Act on the property which is other than the self occupied property. I find that the assessee owns two residential properties. During the course of assessment, the AO held that the residential property at Saibaba Temple Road, Hospet is a self occupied property of the assessee on the basis of the Wealth Tax return

SMT. ANJU SARAF,,NAGPUR vs. A,C.I.T CENT CIR. 2(2), NAGPUR

In the result, all the appeals of the revenue, cross objections of the assessee are dismissed and appeals filed by the assessee are allowed

Bench: Shrisandeepgosain & Shriarunkhodpia

Section 22 of the Income Tax Act on the property which is other than the self occupied property. I find that the assessee owns two residential properties. During the course of assessment, the AO held that the residential property at Saibaba Temple Road, Hospet is a self occupied property of the assessee on the basis of the Wealth Tax return

DY. C.I.T. CENTRAL CIR.-2(2), NAGPUR vs. SMT. ANJU SARAF, NAGPUR

In the result, all the appeals of the revenue, cross objections of the assessee are dismissed and appeals filed by the assessee are allowed

Bench: Shrisandeepgosain & Shriarunkhodpia

Section 22 of the Income Tax Act on the property which is other than the self occupied property. I find that the assessee owns two residential properties. During the course of assessment, the AO held that the residential property at Saibaba Temple Road, Hospet is a self occupied property of the assessee on the basis of the Wealth Tax return

DY. C.I.T. CENTRAL CIR.-2(2), NAGPUR vs. SMT. ANJU SARAF, NAGPUR

In the result, all the appeals of the revenue, cross objections of the assessee are dismissed and appeals filed by the assessee are allowed

Bench: Shrisandeepgosain & Shriarunkhodpia

Section 22 of the Income Tax Act on the property which is other than the self occupied property. I find that the assessee owns two residential properties. During the course of assessment, the AO held that the residential property at Saibaba Temple Road, Hospet is a self occupied property of the assessee on the basis of the Wealth Tax return

DY. C.I.T. CENTRAL CIR.-2(2), NAGPUR vs. SMT. ANJU A. SARAF, NAGPUR

In the result, all the appeals of the revenue, cross objections of the assessee are dismissed and appeals filed by the assessee are allowed

Bench: Shrisandeepgosain & Shriarunkhodpia

Section 22 of the Income Tax Act on the property which is other than the self occupied property. I find that the assessee owns two residential properties. During the course of assessment, the AO held that the residential property at Saibaba Temple Road, Hospet is a self occupied property of the assessee on the basis of the Wealth Tax return

THE PROJECT DIRECTOR, NATIONAL HIGHWAY AUTHORITY OF INDIA,,NAGPUR vs. I.T.O. T.D.S. WARD 2-(1), NAGPUR

In the result, all the appeals of the assessee are allowed for statistical purposes

Bench: Shri G.D. Agrawal & Shri Mahavir Singh

TDS demand was `16,32,42,170/- and consequent interest of `5,14,46,832/-. Accordingly, the Assessing Officer held the assessee liable for TCS u/s 206C(1C) of the Act and assessee in default u/s 201(1) and 201(1A) of the Act. Aggrieved, assessee filed appeal before the CIT(A) who sustained the order of the Assessing Officer

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

BANK OF INDIA,MAHAL BRANCH NAGPUR vs. DY.CIT(TDS)CIRCLE-1, NAGPUR

In the result, all the appeals are partly allowed in light of aforesaid directions

Bench: Shri Vikram Singh Yadav & Shri Yogesh Kumar U.S

32 SOT 365 (Mum) where it has been held that for substantial interest of justice, technical delay should be ignored. The appellant Bank further relies on the decision of Jaipur Benches in case of Oriental Bank of Commerce, Umrao Complex, M.I. Road, Jaipur vs DCIT (TDS), Jaipur. The appellant Bank further relies on the decision of Hon'ble Apex Court

BANK OF INDIA, DONGARGAON NAGPUR vs. DY.CIT(TDS), CIRCLE-1, NAGPUR

In the result, all the appeals are partly allowed in light of aforesaid directions

Bench: Shri Vikram Singh Yadav & Shri Yogesh Kumar U.S

32 SOT 365 (Mum) where it has been held that for substantial interest of justice, technical delay should be ignored. The appellant Bank further relies on the decision of Jaipur Benches in case of Oriental Bank of Commerce, Umrao Complex, M.I. Road, Jaipur vs DCIT (TDS), Jaipur. The appellant Bank further relies on the decision of Hon'ble Apex Court

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-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), 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