Bosch Chassis Systems India Ltd., Pune V. Addl. CIT,Range-1, Pune

ITA 571/PUN/2009

• Counselvise Citation: [2011] 134 COUNSELVISE.COM (IT) 7474 (ITAT-PUNE)
• Duration Of Justice: 1 year(s) 10 month(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 14-03-2011
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2002-2003
• Appeal Filed On: 11-05-2009
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: H C LEUVA
• Keywords: Bad and doubtful debts
• Section: 115JB

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH B, PUNE BEFORE SHRI SHAILENDRA KUMAR YADAV, JUDICIAL MEMBER AND SHRI G.S. PANNU, ACCOUNTANT MEMBER I.T.A. NO. 571/PN/2009 : A.Y. 2002-03 BOSCH CHASSIS SYSTEMS INDIA LTD. PANCHSHIL QUADRA 1, MAGARPATTA CITY ROAD 238 HADAPSAR, PUNE-411 028. PAN AAACK 7312 E APPELLANT VS. ASSTT. CIT RANGE 1, PUNE RESPONDENT APPELLANT BY: SHRI NIKHIL PATHAK RESPONDENT BY: SHRI H.C. LEUVA ORDER PER SHAILENDRA KUMAR YADAV, JM THIS APPEAL BY THE ASSESSEE IS DIRECTED AGAINST THE ORDER OF THE CIT(A)-I PUNE DATED 3-2-2009 FOR A.Y. 2002-03 ON THE POINT OF CONFIRMATION OF ADDITION OF RS. 13, 27,241/- BEING PROVISION FOR BAD AND DOUBTFUL DEBTS WHILE CO MPUTING THE BOOK PROFITS U/S 115JB OF THE ACT. 2. AT THE OUTSET OF HEARING, THE LEARNED AR FOR THE ASSESSEE SUBMITTED THAT BY VIRTUE OF AMENDMENT TO S ECTION 115JB BY THE FINANCE ACT 2010 THE ISSUE RAISED BY T HE ASSESSEE IN THIS APPEAL IS COVERED AGAINST THE ASSE SSEE. PAGE 2 OF 2 ITA NO. 571/PN/2009 BOSCH CHASSIS SYSTEMS A.Y. 2002-03 3. AFTER HEARING BOTH THE PARTIES AND PERUSING THE MATERIAL ON RECORD, THE ISSUE RAISED BY THE ASSESSE E IN ITS APPEAL IS DECIDED AGAINST THE ASSESSEE. 4. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DIS MISSED. DECISION PRONOUNCED IN THE OPEN COURT AT THE CONCL USION OF THE HEARING. SD/- SD/- (G.S. PANNU) ACCOUNTANT MEMBER (SHAILENDRA KUMAR YADAV) JUDICIAL MEMBER PUNE DATED THE 14 TH MARCH 2011 ANKAM COPY OF THE ORDER IS FORWARDED TO : 1. THE APPELLANT 2. THE RESPONDENT 3. THE CIT- (A) AURANGABAD 4. THE CIT- AURANGABAD 5. THE D.R, B BENCH, PUNE BY ORDER ASSISTANT REGISTRAR INCOME TAX APPELLATE TRIBUNAL PUNE