M/S MISS HILL EDUCATION SOCIETY,GWALIOR vs. ACIT CIRCLE-1, GWALIOR

In the result, the appeal is allowed

Bench: Shri A. D. Jain

Penalty proceedings u/s 271(1)(c) of the Act were also initiated. Subsequent to finalization of assessment order, the assessee had moved an application u/s 154 of the Act claiming rectification on account of depreciation

MR. PRAMOD KUMAR KHANDELWAL,AGRA vs. DY.C.I.T.-1, AGRA

The appeals of the assessee are allowed in the terms indicated

Bench: Shri Laliet Kumar & Dr. Mitha Lal Meena

depreciation, interest paid to bank and third parties on borrowings for the purposes of business, more so in the light of the circular of CBDT and various authoritative' decisions on such issue. c) in view of settled law income from interest on fixed deposits which have been furnished as security in terms of contract should have been considered as "Income

MR. PRAMOD KUMAR KHANDELWAL,AGRA vs. DY.C.I.T.-1, AGRA

The appeals of the assessee are allowed in the terms indicated

Bench: Shri Laliet Kumar & Dr. Mitha Lal Meena

depreciation, interest paid to bank and third parties on borrowings for the purposes of business, more so in the light of the circular of CBDT and various authoritative' decisions on such issue. c) in view of settled law income from interest on fixed deposits which have been furnished as security in terms of contract should have been considered as "Income

AGRA DEVELOPMENT AUTHORITY,AGRA vs. DCIT., CIRCLE-1, AGRA

The appeals of the assessee are allowed and the appeal of the revenue is dismissed

Penalties & Charges for road cutting etc & water charges Rs 9,57,998 (i) Income undet RTI Act Rs 14,453 j)Misc. Income Rs 2,70,27,443 This ground is without prejudice to the other grounds taken by the appellant. (7) Because the Ld. CIT(Appeals) has erred in not allowing Rs 12,95, 77,000 which was transferred

AARA AGRO PVT. LTD.,AGRA vs. DY.CIT., CIRCLE-2(1)(1), AGRA

The appeal is allowed for statistical purposes

Bench: Shri Laliet Kumar & Dr. Mitha Lal Meenalt.A No. 54/Agr/2021 (Assessment Year: 2018-19) Vs. Cit Circle-2 (1)(1) Agra Agro Private Limited Agra U.P. Anjana Cinema, 3/2 D.M.G. Road Agra U.P. 282007 Pan: Aagca8595F (Revenue) (Assessee)

penalty: Provided that, where an application has been made under section 146 for reopening an assessment, the period from the date on which the application is made to the date on which the order passed on the application is served on the assessee shall be excluded, on (c) in any other case, the date on which intimation of the order

A.C.I.T.-4(1), AGRA vs. M/S ROGER INDUSTRIES LTD., AGRA

In the result, the appeal is dismissed

penalty." The Hon'ble Patna High Court in the case of ‘Tata Iron & Steel C. 17. Ltd. vs. Union of India’, 75 ITR 676 (Patna) has held that in a case of reasonable doubt, the construction must be beneficial to the tax payer is to be adopted.In addition to above, the proposition of law relating to the issue

HARSH SALUJA,MATHURA vs. ITO 3(2), MATHURA

In the result, the appeal is allowed

Bench: Shri A. D. Jain

depreciation for Rs.25,967/- on computer and motor cycle, net profit comes to Rs.2,92,049/- which is 10.58% of the total turnover and other income shown from commission I.T.A No. 165/Agra/2016 4 etc is Rs.l,72,509/- and thus total taxable income after deduction under chapter VI A comes to Rs.3,57,770/-. 3. As per AIR information