VISION ENTERPRISES,,PUNE vs. INCOME-TAX OFFICER, WARD - 2,, AHMEDNAGAR

Bench: Hon’Ble Shri S. S. Godara & Shri G. D. Padmahshaliआयकर अपऩल सं. / Ita No. 192/Pun/2021 निर्धारण वर्ा / Assessment Year : 2015-16 Vision Enterprises, Hotel Sulai, Dhankawadi, Pune. Pan: Aajfv0168P . . . . . . . अपऩलधथी / Appellant बनाम / V/S Pr. Commissioner Of Income Tax-1, Pune . . . . . . . प्रत्यथी / Respondent द्वारा / Appearances Assessee By : Shri Dharmesh Shah & Shri Akshay Garg Revenue By : Shri Sardar Singh Meena सपिवधई की तधरऩख / Date Of Conclusive Hearing : 11/04/2023 घोर्णध की तधरऩख / Date Of Pronouncement : 11/04/2023 आदेश / Order Per G. D. Padmahshali, Am; With The Following Grounds Of Appeal The Assessee Challenges The Revisionary Order Of The Principal Commissioner Of Income Tax -1, Pune [For Short ‘Pcit’] Dt. 22/03/2021 Passed U/S 263 Of The Income-Tax Act, 1961 [For Short ‘The Act’] For Assessment Year [For Short ‘Ay’] 2015-16; “1. The Ld. Principal Commissioner Of Income Tax Has Erred In Law & In Facts In Passing Order U/S. 263 Of The Act Without Appreciating That The Assessment

TDS’] u/s 194A(1) of the Act. (ii) Repayment of unsecured loan otherwise than by an account payee cheque/draft in violation of provisions of section 269T

MERCEDES - BENZ INDIA PVT. LTD.,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,

In the result, appeal of the assessee is partly allowed for statistical purposes

Bench: Shri D. Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर अऩीऱ सं./ Ita No. 1865/Pun/2013 यनधाारण वषा / Assessment Year : 1999-2000 Mercedes Benz India Private Limited. ( Formerly Known As Daimler Chrysler India Private Limited) E-3, Midc Chakan, Phase-Iii, Chakan Industrial Area, Kuruli & Nighoje, Tal : Khed, Pune-410 501. Pan : Aabcm 1789L .......अऩीऱाथी / Appellant बनाम / V/S. The Deputy Commissioner Of Income Tax, Circle-9, Pune. ……प्रत्यथी / Respondent

TDS evidences the same. Ld. Counsel referred to the Budget Speech 1985 for explaining the purpose of provisions inserted by Finance Act, 1985 and relied on couple of decisions. Thus, Ld. Counsel for the assessee prayed for allowing deduction u/s.35AB of the Act to the assessee. 16 A.Y.1999-2000 26. DR’s Arguments : Per Contra, Ld. DR for the Revenue made

DEPUTY COMMISSIONER OF INCOME-TAX vs. DAIMLER CHRYSLER INDIA PVT. LTD.,, PUNE

In the result, the cross objection of the assessee is dismissed

Bench: Shri D.Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर आयकर अपील आयकर आयकर अपील अपील संसंसंसं. / Ita No.1381/Pun/2003 अपील िनधा"रण िनधा"रण वष" िनधा"रण िनधा"रण वष" वष" / Assessment Year : 1998-09 वष"

TDS evidences the same. Ld. Counsel referred to the Budget Speech 1985 for explaining the purpose of provisions inserted by Finance Act, 1985 and relied on couple of decisions. Thus, Ld. Counsel for the assessee prayed for allowing deduction u/s.35AB of the Act to the assessee. 26. DR’s Arguments : Per Contra, Ld. DR for the Revenue made the following

DAIMLER CHRYSLER INDIA PVT. LTD.,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,, PUNE

In the result, the cross objection of the assessee is dismissed

Bench: Shri D.Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर आयकर अपील आयकर आयकर अपील अपील संसंसंसं. / Ita No.1381/Pun/2003 अपील िनधा"रण िनधा"रण वष" िनधा"रण िनधा"रण वष" वष" / Assessment Year : 1998-09 वष"

TDS evidences the same. Ld. Counsel referred to the Budget Speech 1985 for explaining the purpose of provisions inserted by Finance Act, 1985 and relied on couple of decisions. Thus, Ld. Counsel for the assessee prayed for allowing deduction u/s.35AB of the Act to the assessee. 26. DR’s Arguments : Per Contra, Ld. DR for the Revenue made the following

INCOME TAX OFFICER, PUNE vs. SAGAR CONSTRUCTION COMPANY, PUNE

In the result, the appeal filed by the Revenue is dismissed and the CO filed by the assessee is allowed

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2017-18

269T of the Act. The assessee in response to the same gave the details of 16 parties from whom it had taken loan through proper banking channel. The Assessing Officer thereafter asked the assessee to furnish the documentary evidence substantiating the said loans which have been arranged through Sri Sachin Nahar. From the reply submitted by the assessee, he noted