INCOME TAX OFFICER, WARD-3(1),FEROZEPUR, FEROZEPUR vs. MS.JATIN AGRO, FORT ROAD

In the result, the appeal of the revenue is dismissed

Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta(Physical Hearing) I.T.A. No. 103 & 104/Asr/2024 Assessment Years: 2014-15 & 2017-18 Ito, Ward-3(1), Vs. M/S Jatin Agro Fort Road, Ferozepur. 152-P, Ferozepur. [Pan:-Aarpm5393F] (Appellant) (Respondent) Sh. Ashray Sarna, Ca Appellant By Respondent By Sh. Sunil Gautam, Cit. Dr

65,67,171/-. Hence, deduction u/s 35AD of the Act has been claimed by the assessee wrongly. 6. As per the provisions of section 147 of the Income Tax Act, 1961, if the Assessing Officer has reasons to believe that any income may, subject to the provisions of sections 148 to 153, assess or reassess such income and also

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-IV,, PATHANKOT vs. THE GURDASPUR CENTRAL CO. OPBANK LTD, GURDASPUR

In the result, the ground no

Bench: Dr. M. L. Meenaandsh. Anikesh Banerjee

section 43D. iv. On the facts and in the circumstances of the case, the Ld.CIT(A) has wrongly deleted the addition of Rs.2,00,00,000/- on account of Provision for Gratuity and Leave Salary without appreciating the fact that these were not ascertainable liabilities during the year under consideration.” 2. The assessee has taken the following additional ground: “ADDITIONAL

DAWN COTTAGE EMPORIUM,SRINAGAR vs. THE DY COMMISSIONER OF INCOME TAX, SRINAGAR

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

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

65,27,724/= made by the Ld. Assessing Officer on account of sundry creditor. The addition is bad in law and liable to be deleted. 3. The Ld. CIT (A) has erred in law and facts by confirming addition of Rs. 99,031/-/= made by The Ld. Assessing Officer on account of customer advance. The addition

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

65,145/-. The appellant on the other hand stated that the AO has not considered his submission and raised wrong demands as the said deduction was not required because the payments made were below ceiling limit prescribed u/s 194 J of the Act. However, the appellant has not provided any evidence in support of its claim, not even the copy

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

65,145/-. The appellant on the other hand stated that the AO has not considered his submission and raised wrong demands as the said deduction was not required because the payments made were below ceiling limit prescribed u/s 194 J of the Act. However, the appellant has not provided any evidence in support of its claim, not even the copy

SH. AMRINDER SINGH DHIMAN,NAKODAR vs. ADDITIONAL COMMISSIONER OF INCOME TAX, RANGE PHAGWARA, PHAGWARA

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

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

TDS & disallowance of actual expenses. 8. LD CIT(A) has erred in upholding disallowance of Rs.63392/- out of actual expenses of Rs.633925/- spent for business purposes. He has erred in not appreciating circumstances of appellant assessee, provisions of labour laws and business necessities as well as practice in business. 9. LD CIT (A) has erred in upholding disallowance

SH.RAMESH KUMAR MAHAJAN,JAMMU vs. INCOME TAX OFFICER (TDS), SRINAGAR

In the result, the appeal bearing ITA No

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

TDS)Srinagar that the assessee is engaged in the business of sale/purchase of all types of Kandam scrap like old Kandam Vehicles, Kandam Motor Parts, Metal Scrap, Rubber Scrap, Clothing Rags, Plastic Scrap, Empty Bottles etc. The assessee made purchases through auction of Military Kandam Goods by MST Ltd. New Delhi, a Govt, of India Undertaking auctioneer of army Kandam

MESERS EMBROCIA FARMS PVT LTD,PATHANKOT vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-6, PATHANKOT

In the result, the assessee’s appeal is (in ITA No

Bench: Sh. Sanjay Arorai.T.A. Nos. 561/Asr/2018 & 284/Asr/2017 Assessment Year: 2006-07

TDS) [2011] 335 ITR 287 (Pat), relied by the Revenue, directory. Further, that where the consequence/s of the breach of the time limit is not provided, the same is directory, is part of well-settled law, as explained by the Hon’ble Orissa High Court in Bhakta Vedanta Swami Charitable Trust v. CIT (in WP(C) 12347 of 2005 dated

M/S EMBROCIA FARMS PVT LTD. ,PATHANKOT vs. D.C.I.T, CIRCLE-6,, PATHANKOT

In the result, the assessee’s appeal is (in ITA No

Bench: Sh. Sanjay Arorai.T.A. Nos. 561/Asr/2018 & 284/Asr/2017 Assessment Year: 2006-07

TDS) [2011] 335 ITR 287 (Pat), relied by the Revenue, directory. Further, that where the consequence/s of the breach of the time limit is not provided, the same is directory, is part of well-settled law, as explained by the Hon’ble Orissa High Court in Bhakta Vedanta Swami Charitable Trust v. CIT (in WP(C) 12347 of 2005 dated

AARCON INDIA,AMRITSAR vs. INCOME TAX OFFICER,WARD 5 (1), AMRITSAR

In the result, the appeal bearing ITA No

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

65,204 1,00,000 89.216 3.77 % 44AD 5.47 % 5 2015-16 5,24,34,588 6,00,000 28,70,875 44AB 5.1 The main grievance of the assessee is that from assessment year 2011-12 to 2015-16 the assessee’s net profit was varied from 8% to 5.47%. The assessee maintained the books of account

DEPUTY COMMISSIONER OF INCOME TAX CIRCLE -IV, KAPURTHALA vs. M/S PUNJAB GRAMIN BANK, KAPURTHALA

Bench: Shri N.K. Saini & Shri Ravish Sood

section 36(1)(viia) only provision for bad and doubtful debts was allowable as deduction. 6. That while allowing the relief of Rs. 3,53,47,000/-, Ld. CIT(A) has failed to appreciate that it was a contingent liability and was not allowable as business expenditure. The P a g e | 3 ITA No. 784 & 731/Asr./2017

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

TDS INTEREST TDS ON INTEREST 51867 1448111.00 Cr (PAYABLE) 48 G. G. Oils & Fats Pvt. Ltd. v. Dy. CIT The payment of Rs. 6.22 lacs (on October 15 & 17, 2013) is on account of insurance in respect of foreign letter of credit (FLC) by GAPL for an on behalf of the assessee-company, claimed by the latter as an insurance