1) By this Appeal filed under the provisions of Section 260A
of the Income-tax Act, 1961 (the Act), the Assessee challenges Order
dated 31 March 2003 passed by the Income-Tax Appellate Tribunal,
Pune Bench, Pune (ITAT) in ITA No. 49/PN/2002. The ITAT has
dismissed the appeal of the Assessee and has confirmed the order of
Commissioner of Income-tax (Appeals), Kolhapur [CIT(A)] who in
turn had upheld the order of the Assessing Officer treating the
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Ajit Pathrikar ITXA-669-2003 (1).docx
advance granted to the Assessee by the company as a deemed
dividend under Section 2(22)(e) of the Act and brought the same to
tax.