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

In the result, appeals for the assessment year 2009–10 to 2013–14 are partly allowed

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

section 153A(1) read with „Expln-2‟; in absence of this, assessment made u/s153C would be invalid & is liable to be quashed; relied on Goldstone Cements Ltd (2023) (Gau HC); Fortune Vanijya (P) Ltd (2023) (Gau HC).” 40. In the appeal of the assessee bearing ITA No.111/Nag/ 2024, for the assessment year 2012-13 along with following additional ground

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

In the result, appeals for the assessment year 2009–10 to 2013–14 are partly allowed

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

section 153A(1) read with „Expln-2‟; in absence of this, assessment made u/s153C would be invalid & is liable to be quashed; relied on Goldstone Cements Ltd (2023) (Gau HC); Fortune Vanijya (P) Ltd (2023) (Gau HC).” 40. In the appeal of the assessee bearing ITA No.111/Nag/ 2024, for the assessment year 2012-13 along with following additional ground

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

In the result, appeals for the assessment year 2009–10 to 2013–14 are partly allowed

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

section 153A(1) read with „Expln-2‟; in absence of this, assessment made u/s153C would be invalid & is liable to be quashed; relied on Goldstone Cements Ltd (2023) (Gau HC); Fortune Vanijya (P) Ltd (2023) (Gau HC).” 40. In the appeal of the assessee bearing ITA No.111/Nag/ 2024, for the assessment year 2012-13 along with following additional ground

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

183 taxmann.com 277 (Del HC) and the judgment of the Hon‟ble High Court of Gujarat in Ayachi Chandrashekhar Narsangji (2014) 42 taxmann.com 251(Guj.). 25. In the assessment year 2015–16 and 2016–17, being ITA no.114/Nag./ 2024, A.Y. 2015–16 and ITA no.115/Nag./2024, A.Y. 2016–17, similar issue in respect of of interest paid on unsecured loan

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

183 taxmann.com 277 (Del HC) and the judgment of the Hon‟ble High Court of Gujarat in Ayachi Chandrashekhar Narsangji (2014) 42 taxmann.com 251(Guj.). 25. In the assessment year 2015–16 and 2016–17, being ITA no.114/Nag./ 2024, A.Y. 2015–16 and ITA no.115/Nag./2024, A.Y. 2016–17, similar issue in respect of of interest paid on unsecured loan

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

183 taxmann.com 277 (Del HC) and the judgment of the Hon‟ble High Court of Gujarat in Ayachi Chandrashekhar Narsangji (2014) 42 taxmann.com 251(Guj.). 25. In the assessment year 2015–16 and 2016–17, being ITA no.114/Nag./ 2024, A.Y. 2015–16 and ITA no.115/Nag./2024, A.Y. 2016–17, similar issue in respect of of interest paid on unsecured loan

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

183 taxmann.com 277 (Del HC) and the judgment of the Hon‟ble High Court of Gujarat in Ayachi Chandrashekhar Narsangji (2014) 42 taxmann.com 251(Guj.). 25. In the assessment year 2015–16 and 2016–17, being ITA no.114/Nag./ 2024, A.Y. 2015–16 and ITA no.115/Nag./2024, A.Y. 2016–17, similar issue in respect of of interest paid on unsecured loan

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

183 taxmann.com 277 (Del HC) and the judgment of the Hon‟ble High Court of Gujarat in Ayachi Chandrashekhar Narsangji (2014) 42 taxmann.com 251(Guj.). 25. In the assessment year 2015–16 and 2016–17, being ITA no.114/Nag./ 2024, A.Y. 2015–16 and ITA no.115/Nag./2024, A.Y. 2016–17, similar issue in respect of of interest paid on unsecured loan

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

183 taxmann.com 277 (Del HC) and the judgment of the Hon‟ble High Court of Gujarat in Ayachi Chandrashekhar Narsangji (2014) 42 taxmann.com 251(Guj.). 25. In the assessment year 2015–16 and 2016–17, being ITA no.114/Nag./ 2024, A.Y. 2015–16 and ITA no.115/Nag./2024, A.Y. 2016–17, similar issue in respect of of interest paid on unsecured loan