M.W.S. & CO.,BHADOHI vs. DY. C.I.T., RANGE - 1, VARANASI
In the result, both the appeals are allowed
ITA 25/VNS/2021[2019-2020]Status: DisposedITAT Varanasi19 Apr 2022AY 2019-2020
Bench: Shri.Vijay Pal Rao & Shri Ramit Kocharassessment Year: 2018-19 & Assessment Year: 2019-20 M.W.S. & Co., Naya Bazar V. Dy. Commissioner Of Income Tax, Road, Bhadohi-221401, Uttar Central Processing Centre (Cpc), Pradesh, India Bengaluru [Jurisdictional Assessing Pan-Aaffm2003E Officer Being Dy./Assistant Commissioner Of Income Tax, Range-1, Varanasi, U.P. (Appellant) (Respondent)
For Appellant: Sh. Ashish Bansal, AdvFor Respondent: Sh. A.K. Singh, Sr. DR
Section 139(1)Section 143(1)Section 36(1)Section 36(1)(va)Section 43Section 43B
148 /Alld/2016 for ay: 2005-06, vide orders dated
12.08.2021, wherein the tribunal considered the amendment made by Finance Act,
2021 in Section 36(1)(va) and 43B , and decided this issue in favour of the tax- payer , by holding as under:
10. We have considered rival contentions and perused the material on record. We have observed that