M/S S.P ENTERPRISES,JAMSHEDPUR vs. DCIT, JAMSHEDPUR

Bench: Shri S.S.Godara & Dr. A.L. Sainiassessment Year :2010-11

202 of 2008 is dismissed.” 4. We adopt the above detailed reasoning mutatis mutandis to delete the impugned sec. 40A(3) disallowance of Rs.69.91 lac. The assessee’s sole ground as well as its main appeal ITA 309/Ran/2016 succeeds. Its second appeal ITA No.310/Ran/2016 involves consequential penalty proceedings u/s 271E of the Act. The same is also accepted since

M/S S.P.ENTERPRISES,JAMSHEDPUR vs. ITO WARD-1(5), JAMSHEDPUR

Bench: Shri S.S.Godara & Dr. A.L. Sainiassessment Year :2010-11

202 of 2008 is dismissed.” 4. We adopt the above detailed reasoning mutatis mutandis to delete the impugned sec. 40A(3) disallowance of Rs.69.91 lac. The assessee’s sole ground as well as its main appeal ITA 309/Ran/2016 succeeds. Its second appeal ITA No.310/Ran/2016 involves consequential penalty proceedings u/s 271E of the Act. The same is also accepted since

M/S S.P.ENTERPRISES,JAMSHEDPUR vs. ITO WARD-1(5), JAMSHEDPUR

Bench: Shri S.S.Godara & Dr. A.L. Sainiassessment Year :2010-11

202 of 2008 is dismissed.” 4. We adopt the above detailed reasoning mutatis mutandis to delete the impugned sec. 40A(3) disallowance of Rs.69.91 lac. The assessee’s sole ground as well as its main appeal ITA 309/Ran/2016 succeeds. Its second appeal ITA No.310/Ran/2016 involves consequential penalty proceedings u/s 271E of the Act. The same is also accepted since

ACIT CIR-1 , DHANBAD vs. M/S BHARAT COOKING COAL LTD , DHANBAD

Section 14A of the Act r.w. Rule 8D of\nthe Rules were applicable on the assessee and after giving a show\ncause computed the disallowance at Rs. 27,19,753/- comprising of\nRs. 9,11,753/- under Rule 8D(2)(ii) and Rs. 17,32,000/- under Rule\n8D(2)(iii) of the Rules

ACIT CIRCLE-1 , DHANBAD vs. M/S BHARAT COOKING COAL LTD , DHANBAD

Section 14A of the Act r.w. Rule 8D of\nthe Rules were applicable on the assessee and after giving a show\ncause computed the disallowance at Rs. 27,19,753/- comprising of\nRs. 9,11,753/- under Rule 8D(2)(ii) and Rs. 17,32,000/- under Rule\n8D(2)(iii) of the Rules

M/S BHARAT COOKING COAL LTD ,DHANBAD vs. ACIT CIR-1 , DHANBAD

Section 14A of the Act r.w. Rule 8D of\nthe Rules were applicable on the assessee and after giving a show\ncause computed the disallowance at Rs. 27,19,753/- comprising of\nRs. 9,11,753/- under Rule 8D(2)(ii) and Rs. 17,32,000/- under Rule\n8D(2)(iii) of the Rules

M/S BHARAT COOKING COAL LTD ,DHANBAD vs. ACIT CIR-1 , DHANBAD

Section 14A of the Act r.w. Rule 8D of\nthe Rules were applicable on the assessee and after giving a show\ncause computed the disallowance at Rs. 27,19,753/- comprising of\nRs. 9,11,753/- under Rule 8D(2)(ii) and Rs. 17,32,000/- under Rule\n8D(2)(iii) of the Rules

ACIT, CENTRALC CIRCLE-1, RANCHI, RANCHI vs. IMPERIAL AUTOMOBILES PRIVATE LIMITED, KOLKATA

In the result, appeal of the revenue stands dismissed

Bench: BEFORES/SHRI GEORGE MATHAN, JUDICIAL MEMBER AND RATNESH NANDAN SAHAY (Accountant Member)

68,630/- have been checked at random basis and some discrepancies wee found. Some of the bills/vouchers were found to be petty in nature and intentionally vouched. Considering this fact, 20% of expenses incurred under major head “other expenses” are disallowed and added back to the total income of assessee during the period under consideration,. Considering the above, expenses debited