B D S TECHNOLOGIES,AMRITSAR vs. INCME TAX OFFICER ( TDS), AMRITSAR

In the result, the appeals of the assessees are allowed

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

1) and 1B(B) to section 200 A of the Act. No other adjustment in the amount refundable to, or recoverable from, the tax deductors, were permissible within the law as it existed at that point of time. 6. In the above view, the ld. CIT(A) ought to have considered the coordinate bench decision in the case of Sibia

B D S TECHNOLOGIES,AMRITSAR vs. INCOME TAX OFFICER ( TDS), AMRITSAR

In the result, the appeals of the assessees are allowed

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

1) and 1B(B) to section 200 A of the Act. No other adjustment in the amount refundable to, or recoverable from, the tax deductors, were permissible within the law as it existed at that point of time. 6. In the above view, the ld. CIT(A) ought to have considered the coordinate bench decision in the case of Sibia

B D S TECHNOLOGIES ,AMRITSAR vs. INCOME TAX OFFICER ( TDS), AMRITSAR

In the result, the appeals of the assessees are allowed

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

1) and 1B(B) to section 200 A of the Act. No other adjustment in the amount refundable to, or recoverable from, the tax deductors, were permissible within the law as it existed at that point of time. 6. In the above view, the ld. CIT(A) ought to have considered the coordinate bench decision in the case of Sibia

B D S TECHOLOGIES,AMRITSAR vs. INCOME TAX OFFICER ( TDS), AMRITSAR

In the result, the appeals of the assessees are allowed

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

1) and 1B(B) to section 200 A of the Act. No other adjustment in the amount refundable to, or recoverable from, the tax deductors, were permissible within the law as it existed at that point of time. 6. In the above view, the ld. CIT(A) ought to have considered the coordinate bench decision in the case of Sibia

KC SOCIAL WELFARE TRUST (REGD),NAWANSHAHR vs. INCOME TAX OFFICER . TDS., JALANDHAR

In the result, the appeal is allowed

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

1.M/s K.C. welfare 2014-15/ 19/02/2015 Social Trust, Navashahar Q-4 3. We understand that earlier, there was no enabling provision intheAct u/s 200A for raising demand in respect of levy of fee u/s 234E. As such, in respect of TDS statement/Returns filed for a period prior to 31.03.2015, no late fee could be levied in the intimation issued

GULMARG DEVLOPMENT AUTHORITY ,BARAMULA vs. INCOME TAX OFICER ( TDS), SRINAGAR

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

TDS statement and therefore fees would be levied even without the regulatory provision being found in section 200A for computation of fees. However, according to the Ld. AR, it is a settled position of law that when there is no decision of the jurisdictional High court, and if there is conflicting judgment of two non-jurisdictional High Courts

GULMARG DEVLOPMENT AUTHORITY ,BARAMULA vs. INCOME TAX OFFICER ( TDS) , SRINAGAR

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

TDS statement and therefore fees would be levied even without the regulatory provision being found in section 200A for computation of fees. However, according to the Ld. AR, it is a settled position of law that when there is no decision of the jurisdictional High court, and if there is conflicting judgment of two non-jurisdictional High Courts

GULMARG DEVLOPMENT AUTHORITY,BARAMULA vs. INCOME TAX OFFICER ( TDS), SRINAGAR

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

TDS statement and therefore fees would be levied even without the regulatory provision being found in section 200A for computation of fees. However, according to the Ld. AR, it is a settled position of law that when there is no decision of the jurisdictional High court, and if there is conflicting judgment of two non-jurisdictional High Courts

SHRI KEWAL KRISHAN,FEROZEPUR vs. INCOME TAX OFFICER, WARD, ZIRA

In the result, the appeal of the assessee is allowed for statistical purposes

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

192/- as exempted income u/s 10(37) of the Income Tax Act, 1961 including additional 12% compensation amount of Rs.19,80,064/- during the course of assessment proceedings u/s 143(3) of the Income Tax Act. The AO has observed that the received interest on compensation amount and it is to be taken as income in the year in which

M/S TORRENT ROOFING SYSTEM,HOSHIARPUR vs. INCOME TAX OFFICER WARD-4, HOSHIARPUR

In the result, the appeal of the assesse is allowed for statistical

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

192/- was not investigated by the Assessing Officer. Hence, the order of the Assessing Officer was clearly erroneous and prejudicial to the interest of revenue. 5.1 Hence, both the limbs of Malabar Industrial Co. Vs. CIT 243 ITR 83 (S.C.) are satisfied. Hence, the Assessing Officer is justified in making addition on the basis of judgment of Hon’ble Supreme

DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-3, AMRITSAR vs. SHRIMATI RAJ RANI ARORA, AMRITSAR

In the result, the appeal of the department is dismissed

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

section 68 of the act are satisfied with regard to loan*'of Rs 1,00,00,000/- received by the appellant from Sh. Amandeep Singh in the year under consideration and no addition of Rs. 1,00,00,000/- is called for u/s 68 of the act in respect of loan from Sh. Amandeep Singh and the same is hereby

THE TRANS ASIAN INDUSTRIES EXPOSITION PVT. LTD,SRINAGAR vs. THE ASSESING OFFICER(TDS), SRINAGAR

In the result, both the appeals filed by the assessee and the revenue

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

1, the department has objected to the order of the ld. CIT(A) in deleting the liability raised on account of short deduction of tax at source (TDS) and interest thereon in respect of payment made by the assessee on account of freight charges and credit card expenses which are covered u/s 194C of the Income Tax Act by additional

THE INCOME TAX OFFICER (TDS), SRINAGAR vs. M/S TRANS ASIA INDUSTRIES EXPOSITION (P) LTD, SRINAGAR

In the result, both the appeals filed by the assessee and the revenue

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

1, the department has objected to the order of the ld. CIT(A) in deleting the liability raised on account of short deduction of tax at source (TDS) and interest thereon in respect of payment made by the assessee on account of freight charges and credit card expenses which are covered u/s 194C of the Income Tax Act by additional