TRIVENI GLASS LIMITED,ALLAHABAD vs. INCOME TAX OFFICER WARD 2(3) , ALLAHABAD

In the result, the appeal filed by assessee in ITA no

Bench: Shri.Vijay Pal Rao& Shri Ramit Kochar

20. Still aggrieved by the appellate order dated 24.09.2019 passed by ld. CIT(A), the assessee carried the matter in appeal further before the tribunal by filing second appeal, on both issues concerning firstly disallowance of depreciation with respect to closed Allahabad Manufacturing Unit and secondly concerning disallowance of Rebate Expenses claimed by assessee as deduction while computing business income

TRIVENI GLASS LIMITED,ALLAHABAD vs. INCOME TAX OFFICER WARD 2(3), ALLAHABAD

In the result, the appeal filed by assessee in ITA no

Bench: Shri.Vijay Pal Rao& Shri Ramit Kochar

20. Still aggrieved by the appellate order dated 24.09.2019 passed by ld. CIT(A), the assessee carried the matter in appeal further before the tribunal by filing second appeal, on both issues concerning firstly disallowance of depreciation with respect to closed Allahabad Manufacturing Unit and secondly concerning disallowance of Rebate Expenses claimed by assessee as deduction while computing business income

TRIVENI GLASS LIMITED,ALLAHABAD vs. INCOME TAX OFFICER WARD 2(3), ALLAHABAD

In the result, the appeal filed by assessee in ITA no

Bench: Shri.Vijay Pal Rao& Shri Ramit Kochar

20. Still aggrieved by the appellate order dated 24.09.2019 passed by ld. CIT(A), the assessee carried the matter in appeal further before the tribunal by filing second appeal, on both issues concerning firstly disallowance of depreciation with respect to closed Allahabad Manufacturing Unit and secondly concerning disallowance of Rebate Expenses claimed by assessee as deduction while computing business income

MOHD. SULAMAN FAROOQUI ,PRATAPGARH vs. INCOME TAX OFFICER , PRATAPGARH

In the result, the appeal is dismissed

20,667/- out of depreciation by disallowing 10% of expenses claimed is highly unjustified. 6. That in any view of the mater addition of Rs, 11,18,805/- out of cash deposit in bank account is highly unjustified and the Assessing officer was wrong in invoking the p0rovisiojn of Section

VINOD KUMAR TANDON,ALLAHABAD vs. DCIT(CPC),, BEGALURU

In the result, appeal of the assessee is dismissed

depreciation). Each of these deductions, has its contours, depending upon the expressions used, and the conditions that are to be met. It is therefore necessary to bear in mind that specific enumeration of deductions, dependent upon fulfilment of particular conditions, would qualify as allowable deductions: failure by the assessee to comply with those conditions, would render the claim vulnerable

MEJA URJA NIGAM (P) LTD.,ALLAHABAD vs. INCOME TAX OFFICE WARD-2 (2), ALLAHABAD

In the result, both the appeals of the assessee for ay: 2015-16 and 2016-17

Bench: Shri.Vijay Pal Rao & Shri Ramit Kochar

10 has exempted it from tax, it will be taxable. The fact that the source of income was borrowed money does not detract anything from the revenue character of the receipt. The question of adjustment of interest payable by the company against the interest earned by it will depend upon the provisions of the Act. The expenditure would have been

KESARWANI & C0.,ALLAHABAD vs. JT.CIT., ALLAHABAD

In the result the appeal of the assessee is partly allowed

depreciation had been claimed by the assessee on the WDV method. The ld. AO observed, that the details called for by him were not submitted, but on scrutiny of the various details, observed that M/s Kesarwani Zarda Bhandar had shown transportation of goods through Amritsar Transport Company by Truck No. U.P. 70 X 9761 – one of the trucks stated

KESARWANI & CO.,ALLAHABAD vs. JT.CIT,, ALLAHABAD

In the result the appeal of the assessee is partly allowed

depreciation had been claimed by the assessee on the WDV method. The ld. AO observed, that the details called for by him were not submitted, but on scrutiny of the various details, observed that M/s Kesarwani Zarda Bhandar had shown transportation of goods through Amritsar Transport Company by Truck No. U.P. 70 X 9761 – one of the trucks stated

KESARWANI & C0,,ALLAHABAD vs. JT CIT,, ALLAHABAD

In the result the appeal of the assessee is partly allowed

depreciation had been claimed by the assessee on the WDV method. The ld. AO observed, that the details called for by him were not submitted, but on scrutiny of the various details, observed that M/s Kesarwani Zarda Bhandar had shown transportation of goods through Amritsar Transport Company by Truck No. U.P. 70 X 9761 – one of the trucks stated

ACIT CIRCLE-2, ALLAHABAD vs. M/S SHERWANI SUGAR SYNDICATE LTD., ALLAHABAD

In the result, appeal filed by the Revenue in ITA No

Bench: Shrivijay Pal Rao & Shri Ramit Kocharassessment Year: 1997-98 The Assistant Commissioner Of V. M/S Shervani Sugar Syndicate Income-Tax, Circle-2, Ltd., Allahabad, U.P. 28, South Road , Allahabad,U.P. Pan/Gir: 19-653-Cv-3480 New Pan: Not Available (Appellant) (Respondent)

20 Assessment Year: 1997-98 Shervani Sugar Syndicate Limited 5.4Aggrieved by the decision of ld. CIT(A) deleting the additions to the tune of Rs. 94,93,016/- as was made by AO towards unpaid interest accrued and due, the Revenue has come in appeal before the tribunal.The ld. Sr. DR submitted that there was accrued and due interest

ACIT,, ALLAHABAD vs. M/S KESARWANI & CO., ALLAHABAD

In the result, appeal in ITA No

10,59,878/- taken by the ld. AO while the sales were at Rs.26,82,38,594/- against sales of Rs. 26,52,92,658/- taken by the ld. AO. Furthermore, the gross profit declared by the assessee was Rs.1,40,08,718/- as against the GP of Rs.1,27,40,535/- worked

KESARWANI & CO.,ALLAHABAD vs. JT.CIT,, ALLAHABAD

In the result, appeal in ITA No

10,59,878/- taken by the ld. AO while the sales were at Rs.26,82,38,594/- against sales of Rs. 26,52,92,658/- taken by the ld. AO. Furthermore, the gross profit declared by the assessee was Rs.1,40,08,718/- as against the GP of Rs.1,27,40,535/- worked