2015 (12) TMI 1714

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.... This appeal filed by the Revenue is against the order of CIT(A)-V, Pune, dated 12.02.2014 relating to assessment year 2007-08 against order passed under section 201(1) & 201(1A) of the Income-tax Act, 1961 (in short 'the Act'). 2. The Revenue has raised the following grounds of appeal:- 1) On the facts and in the circumstances of the case and in law, the Learned CIT(A) erred in holding that pr....

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....the present appeal is in relation to applicability of the provisions of section 194I of the Act on crane hire charges. 4. Briefly, in the facts of the present case, the assessee was engaged in the business of manufacturing of distillery and brewery equipment and supply of engineering software, etc. A TDS survey under section 133A of the Act was carried out at the premises of assessee on 14.03.200....

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....201(1A) of the Act for financial years 2006-07 and 2007-08. The Assessing Officer raised the demand under section 201(1) of the Act at Rs. 5,68,437/- and interest under section under section 201(1A) of the Act at Rs. 3,06,956/- relating to financial year 2006-07 in respect of all defaults and similar demand under section 201(1) of the Act in respect of financial year 2007-08. However, the present ....

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....ing on the ratio laid down by the Pune Bench of Tribunal in Bharat Forge Ltd. Vs. Addl.CIT (supra), deleted the demand raised under section 201(1) and interest charged under section 201(1A) of the Act in respect of crane hire charges. The relevant portion of the order of Tribunal is reproduced under para 7 at pages 4 to 6 of the appellate order. The balance default was upheld by the CIT(A). 6. Th....