DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE-1, PATNA, PATNA vs. NORTH BIHAR POWER DISTRIBUTION COMPANY LIMITED, PATNA
In the result, the appeals of the Revenue and COs of the assessee are dismissed
ITA 234/PAT/2025[2017-18]Status: DisposedITAT Patna23 Feb 2026AY 2017-18
Bench: Shri Duvvuru Rl Reddy, Vp & Shri Rajesh Kumar, Am
For Appellant: Sh. Ankit Kumar, CAFor Respondent: Md. A. H. Chowdhary, CIT (DR)
section. Considering the same, the addition is deleted. Ground
No. 8 is allowed.”
8.3. We have heard the rival contentions and perused the materials available on record. We note that the learned CIT
(A) in his finding stated that the said amount represented the interest received on advance given to Bajaj Electrical Ltd. It was not a contractual receipt
