In the result, the appeal filed by the Revenue in ITA
Bench: Shri Inturi Rama Rao & Shri S. S. Viswanethra Raviआयकर अपीऱ सं. / Ita No.273/Pun/2021 निर्धारण वर्ा / Assessment Year: 2016-17 Dcit, Central Circle-2(2), Vs. M/S. Bilcare Limited, Pune. 601, Icc Trade Tower, Pune- 411016. Pan : Aabcb2242F Appellant Respondent आयकर अपीऱ सं. / Ita No.334/Pun/2021 निर्धारण वर्ा / Assessment Year: 2016-17 M/S. Bilcare Limited, Vs. Dcit, Central Circle- 6Th Floor, B Wing, Icc 2(2), Pune. Trade Tower, Senapati Bapat Road, Pune- 411006. Pan : Aabcb2242F Appellant Respondent
92B of the ITA, 1961. 2.2 The ld. CIT(A)-13 Pune erred in law and on facts in conforming the action of AO/TPO & holding that Appellant should have recovered service fees / commission @1.75% on extension of various guarantees / ‗SBLC‘ to Bankers for providing further credit / guarantee facilities to its foreign subsidiary companies thereby making an addition of Rs.5