INCOME TAX OFFICER WARD-2 (1), JAMMU vs. SHRI MOHD ASLAM BAGGAR, JAMMU

In the result, the appeal of the department is dismissed

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

2. Whether in the facts and circumstances of the case, if the date of transfer of the impugned land measuring 74K 08M was considered as the year 1947, was the huge quantum of compensation received i.e. Rs 8,55,60,000/- right to be held exempt u/s 10(37) of the Act by the Ld. CIT(A) since the amount

M/S G G OILS & FATS PVT.LTD ,BATHINDA vs. DEPUTY COMMISSIONER OF INCOME TAX, BATHINDA

In the result, the assessee’s appeal is dismissed

Bench: Sh. Sanjay Arora & Sh. N. K. Choudhryi. T. A. No. 508/Asr/2017 Assessment Year: 2014-15

section has been wrongly invoked. 3. That CIT (Appeals) was not justified to sustain the addition of Rs. 1,17,17,142.00 u/s. 56 on account of ‘deemed dividend’ without considering the facts and written submission filed during course of appellant proceedings.’ 3. Before us, the assessee’s prime contention was of having maintained a running account with GAPL

M/S. SATIA INDUSTRIES LIMITED,MUKTSAR vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1, BATHINDA

In the result, the appeal of the assessee bearing ITA No

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

17 taxmann.com 186 (Orissa)- Held“Section 139 of the Income-tax Act, 1961 - Return of income - Revised return - Assessment year 2006-07 - Whether an assessee can revise his return of income by way of filing a revised statement of income after filing original return other than by way of filing revised return as contemplated under section 139(5) - Held

JOINT COMMISSIONER OF INCOME TAX (OSD) CIRCLE-3, FEROZEPUR vs. MEASAGE OM SONS MARKETING PRIVATE LIMITED, FARIDKOT

In the result, the appeal of the revenue bearing ITA No

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

TDS was made by the Ld. AO in accordance with the reporting as per Tax Audit Report which was not added back in Computation of Income at the time of filing of Return of Income. I.T.A. No.407/Asr/2019 5 Assessment Year: 2015-16 3.3. Further, the disallowance amount of Rs. 5,28,924/- was made on account of depreciation claimed

SHRI SATISH KUMAR. S/O. SH. HANS RAJ ,HOSHIARPUR vs. INCOME TAX OFFICER WARD-4, HOSHIARPUR

In the result, the appeal of the assessee stands allowed

Bench: Shri N.K. Choudhry & Shri O.P.Meenaआ.अ.संसंसंसं././././I.T.A No.258/Asr/2019 िनधा"रणवष"/A.Y.:2014-15 िनधा"रणवष" िनधा"रणवष" िनधा"रणवष" Shri Satish Kumar S/O Hans Raj, Vs. Principal Commissioner Of B-12, Mch-366/13, Billa Income-Tax-1, Jalandhar House, New Jagatpura, Hoshiarpur Pan: Aawpk 0932 D अपीलाथ" Appellant अपीलाथ" ""यथ"/Respondent ""यथ" अपीलाथ" अपीलाथ" ""यथ" ""यथ"

TDS under section 194C of the Act. The assessee debited Rs.5,91,030 as court fees paid for civil suit to recover Rs. Satish Kumar v. Pr.CIT- Jalandhar/I.T.A.No. 258/ASR/2019/A.Y. 14-15 Page 16 of 20 2,09,00,000 and Rs.17,53,638 against Kamaldeep Singh and M/s. Gupta Traders respectively how these are related to business activity not examined

M/S SANT SHRI MAHESH MUNI JI BOREWALE EDUCATIONAL WELFARE ,MOGA vs. COMM. OF INCOME TAX ( EXAMPTION), CHANDIGARH

In the result, the appeal of the assessee is allowed

Bench: : Shri Laliet Kumar & Dr. Mitha Lal Meenaassessment Year - 2016-17

TDS provisions or not corroborating the salaries paid through bank accounts. f. Details of all educational institutions run by the society alongwith their date of incorporation and details of affiliation obtained from the Education Board etc. g. Details of the Donations received or intended to be received and documentary evidence as regards to Grants received. h. Donation received under FCRA

SHRI SANTOKH SINGH ,AMRITSAR vs. INCOME TAX OFFICER WARD - 2 (1), AMRITSAR

The appeals of the assessees are disposed of in the terms indicated as above

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

17-3-1986 and Pune Bench (Supra), and considering peculiar facts of the case, we hold that admittedly, the appellant being a Kachha Arahtiya, it would be justified to 12 I.T.A. Nos. 31 to 34/Asr/2023 Santokh Singh v. ITO, NFAC apply a net profit rate of 1.5% as against 5% applied by the AO, on the Total Turn Over estimated

SHRI SANTOKH SINGH ,AMRITSAR vs. INCOME TAX OFFICER WARD- 2 (1), AMRITSAR

The appeals of the assessees are disposed of in the terms indicated as above

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

17-3-1986 and Pune Bench (Supra), and considering peculiar facts of the case, we hold that admittedly, the appellant being a Kachha Arahtiya, it would be justified to 12 I.T.A. Nos. 31 to 34/Asr/2023 Santokh Singh v. ITO, NFAC apply a net profit rate of 1.5% as against 5% applied by the AO, on the Total Turn Over estimated

SHRI SANTOKH SINGH ,AMRITSAR vs. INCOME TAX OFFICER WARD - 2 (1), AMRITSAR

The appeals of the assessees are disposed of in the terms indicated as above

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

17-3-1986 and Pune Bench (Supra), and considering peculiar facts of the case, we hold that admittedly, the appellant being a Kachha Arahtiya, it would be justified to 12 I.T.A. Nos. 31 to 34/Asr/2023 Santokh Singh v. ITO, NFAC apply a net profit rate of 1.5% as against 5% applied by the AO, on the Total Turn Over estimated

SHRI SANTOKH SINGH ,AMRITSAR vs. INCOME TAX OFFICER WARD -2 (1), AMRITSAR

The appeals of the assessees are disposed of in the terms indicated as above

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

17-3-1986 and Pune Bench (Supra), and considering peculiar facts of the case, we hold that admittedly, the appellant being a Kachha Arahtiya, it would be justified to 12 I.T.A. Nos. 31 to 34/Asr/2023 Santokh Singh v. ITO, NFAC apply a net profit rate of 1.5% as against 5% applied by the AO, on the Total Turn Over estimated

THE JHINGRAN COOP MULTIPURPOSE SERVICE SOCIETY LIMITED,NAWANSHAHR vs. INCOME TAX OFFICER ( TDS), JALANDHAR

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

TDS on the amount paid by a co-operative society to its member. The said section is reproduced hereunder:- “Section 194A (1) Any person not being an individual ............................................................................................................................................ ded uct income tax thereon at the rates in force. Provided that an individual or a Hindu Undivid ........................................................... (2) (Omitted by the finance Act,1992 w.e.f.1-6-1992) (3) The provisions of sub-section

SHRI RANJEET SINGH,BATHINDA vs. INCOME TAX OFFICER WARD-1 (1), BATHINDA

In the result, both the appeals of the assessee are allowed

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

TDS 35,695/- Total amount received 31.07.491/- 1.1 The assessee filed his ITR for the AY 2016-17 on 21-12-2016 showing total income at Rs. 29,77,350/- including long term capital gains of Rs. 26,62,987/-. Thereafter, the assessee revised the ITR on 27.05.2017 showing total income at Rs.3,39,360/- under the head income from

SHRI CHANDAN BHARDWAJ,TARN TARAN vs. ASSISTANT COMMISSIONER OF INCOME TAX,CIRCLE-1, AMRITSAR

Bench: Dr. M. L. Meena & Sh. Ravish Sood

TDS has been deducted thereon. The AO has also not considered the fact that the assessee has voluntarily revised the computation of income before the assessment was finalized and likewise CIT(A) is not justified while confirming the same. 5. That no penalty notice dated 10/03/2017 has been served upon the appellant and as such penalty imposed

SH. JINDER PAL,AMRITSAR vs. INCOME TAX OFFICER, WARD - 4(2), AMRITSAR

Bench: Dr. M. L. Meena & Sh. Ravish Sood

TDS has been deducted thereon. The AO has also not considered the fact that the assessee has voluntarily revised the computation of income before the assessment was finalized and likewise CIT(A) is not justified while confirming the same. 5. That no penalty notice dated 10/03/2017 has been served upon the appellant and as such penalty imposed

NARINDER AND COMPANY,JALANDHAR vs. INCOME TAX OFFICER WARD-3(5), JALANDHAR

In the result, the appeal filed by the assessee is allowed

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

TDS on interest 3. Details that all the unsecured loans were raised from family members DOCUMENTS SUBMITTED BEFORE CIT: 1. Copy of ITR/s of all the family members from whom unsecured loans were raised 2. Complete postal address of all the family members 16 Narinder and Company v. ITO 3. It was also brought to the knowledge

DIRECTOR PUNJAB AGRICULTURAL UNIVERSITY FRUIT RESEARCH,HOSHIARPUR vs. INCOME TAX OFFICER (TDS), JALANDHAR

2 of F.Y. 2012-13after the prescribed date, consequently the delay in filing of TDS statement has been occurred, therefore the ITA N0s. 130 to 135/Asr/ 2019 3 (A.Ys.2013-14, 2014-15 & 2015-16) Director Punjab Agricultural Uni. Vs ITO (TDS) Assessing Officer (TDS-CPC) had imposed a late fee of Rs.9000 U/s 234E for delay in filing

DIRECTOR PUNJAB AGRICULTURAL UNIVERSITY FRUIT RESEARCH,HOSHIARPUR vs. INCOME TAX OFFICER (TDS), JALANDHAR

2 of F.Y. 2012-13after the prescribed date, consequently the delay in filing of TDS statement has been occurred, therefore the ITA N0s. 130 to 135/Asr/ 2019 3 (A.Ys.2013-14, 2014-15 & 2015-16) Director Punjab Agricultural Uni. Vs ITO (TDS) Assessing Officer (TDS-CPC) had imposed a late fee of Rs.9000 U/s 234E for delay in filing

DIRECTOR PUNJAB AGRICULTURAL UNIVERSITY FRUIT RESEARCH,HOSHIARPUR vs. INCOME TAX OFFICER (TDS), JALANDHAR

2 of F.Y. 2012-13after the prescribed date, consequently the delay in filing of TDS statement has been occurred, therefore the ITA N0s. 130 to 135/Asr/ 2019 3 (A.Ys.2013-14, 2014-15 & 2015-16) Director Punjab Agricultural Uni. Vs ITO (TDS) Assessing Officer (TDS-CPC) had imposed a late fee of Rs.9000 U/s 234E for delay in filing