RAJESH KUMAR JAISWAL,,ALLAHABAD vs. DEPUTY/ACIT(CENTRAL), ALLAHABAD

In the result, the appeal of the assessee is partly allowed

Bench: the query raised by the assessing authority vide questionnaire issued under section 142 (1) dated 23.01.2021, in assessment proceedings for the AY 2018-19.

depreciation of the said property in accordance with the provisions of the act. 9. Because the learned AO as well as CIT(A) were not legally justified in taxing a sum of Rs. 3,96,606.00, amount of unsecured loan and sundry creditors which were under normal course of business, under the provisions of section

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)

depreciation u/s 32 of the 1961 Act on the interest being capitalized , even though presently as claimed by assessee, the interest is capitalized by debiting to Capital Work in progress and not debited presently to P&L Account(which also requires verification ) . Since, all these aspects were never looked into by ld. CIT(A) , and hence the appellate order passed

POOJA GROVER,ALLAHABAD vs. DCIT, CIR-2,, ALLAHABAD

In the result, the appeal of the assessee is partly allowed

Bench: Shri Subhash Malguria & Shri Nikhil Choudhary

depreciation. Aggrieved with the action of the I.T.A. No.140/Alld/2024 4 Assessing Officer, the assessee carried the matter in appeal before the learned CIT(A). During the course of appellate proceedings before the learned CIT(A), the assessee had submitted additional evidences for admission. The additional evidences submitted by the assessee during the appellate proceedings before the learned CIT(A) were

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

In the result, appeal in ITA No

50% to the disallowance i.e. Rs.63,866/-. With regard to telephone expenses, vehicle expenses and depreciation expenses, the ld. AO observed that personal utilization of the telephone and vehicles could not be ruled out by the assessee therefore, the ld. AO made a disallowance @ 20% of the claim. The ld. CIT(A) observed that while the assessee had contested such

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

In the result, appeal in ITA No

50% to the disallowance i.e. Rs.63,866/-. With regard to telephone expenses, vehicle expenses and depreciation expenses, the ld. AO observed that personal utilization of the telephone and vehicles could not be ruled out by the assessee therefore, the ld. AO made a disallowance @ 20% of the claim. The ld. CIT(A) observed that while the assessee had contested such

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

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

In the result the appeal of the assessee is partly allowed

50,000/- to M/s Gupta Traders, on which it had not charged interest while it had paid interest to the bank during the year under consideration. In appeal, the assessee submitted that the assessee had interest free funds with it, which had gone to finance the transactions to the sister concern and interest had been paid to depositors on their

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

In the result the appeal of the assessee is partly allowed

50,000/- to M/s Gupta Traders, on which it had not charged interest while it had paid interest to the bank during the year under consideration. In appeal, the assessee submitted that the assessee had interest free funds with it, which had gone to finance the transactions to the sister concern and interest had been paid to depositors on their

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

In the result the appeal of the assessee is partly allowed

50,000/- to M/s Gupta Traders, on which it had not charged interest while it had paid interest to the bank during the year under consideration. In appeal, the assessee submitted that the assessee had interest free funds with it, which had gone to finance the transactions to the sister concern and interest had been paid to depositors on their