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

183/-Lacs in FY 2001-02 i.e the ratio of old to new plant & machinery was 64:34 and so the conditions mentioned in section 80IB (l)(ii) rw explanation 2 has not been fulfilled. I agree with the contention of the AR of the appellant that value of plant & machinery carried over from one year to another year does

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

183/-Lacs in FY 2001-02 i.e the ratio of old to new plant & machinery was 64:34 and so the conditions mentioned in section 80IB (l)(ii) rw explanation 2 has not been fulfilled. I agree with the contention of the AR of the appellant that value of plant & machinery carried over from one year to another year does

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

183/-Lacs in FY 2001-02 i.e the ratio of old to new plant & machinery was 64:34 and so the conditions mentioned in section 80IB (l)(ii) rw explanation 2 has not been fulfilled. I agree with the contention of the AR of the appellant that value of plant & machinery carried over from one year to another year does

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

183/-Lacs in FY 2001-02 i.e the ratio of old to new plant & machinery was 64:34 and so the conditions mentioned in section 80IB (l)(ii) rw explanation 2 has not been fulfilled. I agree with the contention of the AR of the appellant that value of plant & machinery carried over from one year to another year does

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