BVG INDIA LIMITED,PUNE vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(2), PUNE, PUNE

In the result, the appeal of the assessee is allowed

Bench: Shri S.S. Viswanethra Ravi & Shri G.D. Padmahshali

292B of the Act, is untenable, having regard to the phraseology used in paragraph 4 of the 2019 Circular. 19. The object and purpose of the issuance of the 2019 Circular, as indicated hereinabove, inter alia, was to create an audit trail. Therefore, the communication relating to assessments, appeals, orders, etcetera which find mention in paragraph

ASSISTANT COMMISSIONER OF INCOME-TAX, SATARA vs. THE KARAD URBAN CO. OP. BANK LTD KARAD, KARAD

In the result, the appeal of the Revenue is dismissed

Bench: Shri R.K. Panda & Ms. Astha Chandra

gains and losses across all performing investments held under the AFS have to be aggregated and net appreciation or depreciation shall be directly credited or debited to a reserve named AFS Reserve, the same shall not be routed the Profit & Loss Account. 5. The appellant craves leave to add to, amend, alter any of the above grounds of appeal

SHAHU SHIKSHAN PRASARAK MANDAL, LATUR,LATUR vs. ACIT (EXMP.) CIRCLE, AURANGABAD, AURANGABAD

In the result, the appeal of the assessee is allowed for statistical\npurposes

gains of the business had not been stated, the returns\ncould not be treated as invalid and non-existent.\ne) writ was issued commanding the respondents not to love any effect\nto the impugned notices under Section 148 of the Act.\nNicholas Applegate South East Asia Fund Ltd. Vs. ADIT (2009)\n117 ITD 0299 (Мит)\n\"Assessee company having filed