M/S SHREE STEEL CQASTINGS PVT. LTD ,NAGPUR vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE -1, NAGPUR

In the result, Assessee’s appeal is partly allowed

Bench: Shri Narender Kumar Choudhrym/S. Shree Steel Castings Dcit, Circle-1, Nagpur Pvt. Ltd., T/38/1, Midc, Vs. Hingna Road, Nagpur. Pan: Aaccs 4071 J (Appellant) (Respondent)

8D of the Income Tax Rules, 1962 (in short, ‘Rules’) read with section 14A of the Act. 4. The Assessee, being aggrieved, challenged the said additions/ disallowances by filing first appeal before the Ld. Commissioner on legal as well as merit, however of no avail, as the Ld. Commissioner more or less, as on the same footing as observed