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ACE BRAIN SYSTEMS AND SOFTWARE PVT.LTD,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE - 1 (1),, PUNE

Appeal is partly allowed in above terms

ITA 1594/PUN/2019[2012-13]Status: DisposedITAT Pune29 Aug 2022AY 2012-13

Bench: Shri S.S.Godara, Jm & Shri Dr. Dipak P. Ripote, Am आयकर अपीऱ सं. / Ita No.1594/Pun/2019 ननधधारण वषा / Assessment Year : 2012-13 Ace Brain Systems & Software P.Ltd., 1559, Sadashiv Peth, Opp. Shreyas Hotel, Pune – 411 030. .......अपऩलधथी / Appellant Pan : Aadca7232L

For Appellant: Shri Sharad VazeFor Respondent: Shri Arvind Desai

Section 143Section 143(3)Section 36Section 36(1)(va)

36(1)(va) of the I.T. Act, 1961. This issue requires to be decided in favour of the appellant in view of the decision of Hon. Bombay High Court in the cases of CIT vs Ghatge Patil Transport Ltd. 368 ITR 0749(Bom) and Hindustan organic Chemicals Ltd., 366 ITR Page 1. Accordingly, relying on the above two decisions