ACIT, CENTRAL CIRCLE-3, PATNA vs. BROADSON COMMODITIES PVT LTD, DHANBAD

In the result, both the appeals of Revenue are dismissed, whereas the Cross Objections filed by the assessee are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

13A of the I.T. Act. Appellant relied upon several Judicial Pronouncement i.e. 1. Bansilal B. Raisoni & Sons v/s Assistant Commissioner of Income Tax, Central Circle-I, Nashik [2019] 101 tax.mann.com 20 (Bombay) 2. CIT v/s Wipro Finance Ltd. [2009] 176 Taxman 233 (Karnataka) 3. Dr. Mansukh Kanjibhai Shah v/s Asstt. CIT [2010] 41 DTR 353] 4. Regency Mahavir Properties

ACIT, CENTRAL CIRCLE-3, PATNA vs. BROADSON COMMODITIES PVT LTD, DHANBAD

In the result, both the appeals of Revenue are dismissed, whereas the Cross Objections filed by the assessee are allowed