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

purchase ESCerts. l. The energy saving certificates (ESCerts) are also issued as the energy saving also reduces the emission of carbon heat & gases. m. It is submitted that the receipts generated from the sale proceeds of RECs/ESCerts are not liable to tax for the assessment year under consideration in terms of sections

DCIT, CIRCLE-1, BATHINDA vs. DMR BUILDERS PVT LTD, BATHINDA

In the result the appeal of the revenue is dismissed being devoid of merits

Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta(Hybrid Hearing) I.T.A. Nos. 292 & 293/Asr/2024 Assessment Years: 2016-17 & 2017-18

57,561 receipts From the above chart, it is clear that the assessee company has performed not just the contracts of DRA but has also performed the other contracts as well of significant value. These figures demonstrate the sufficient financial capability to undertake such projects. 2.2. In the reply submitted under section 133(6) of the Act, there

DCIT, CIRCLE-1, BATHINDA vs. DMR BUILDERS PVT LTD, BATHINDA

In the result the appeal of the revenue is dismissed being devoid of merits

Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta(Hybrid Hearing) I.T.A. Nos. 292 & 293/Asr/2024 Assessment Years: 2016-17 & 2017-18

57,561 receipts From the above chart, it is clear that the assessee company has performed not just the contracts of DRA but has also performed the other contracts as well of significant value. These figures demonstrate the sufficient financial capability to undertake such projects. 2.2. In the reply submitted under section 133(6) of the Act, there

M/S BLUE CITY TOWNSHIP & COLONIZERS,AMRITSAR. vs. THE INCOME TAX OFFICER,, AMRITSAR.

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

57,965 only on 28-9-1978 from the Government of Madhya Pradesh, which was deposited in the nationalized bank, it would be exempt from assessment for the assessment year 1979-80 as per the provisions of section 54E. It was submitted by the assessee before the CIT(A) that the Assessing Officer had observed that as per section

DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE, AMRITSAR vs. SHRI BHUPINDER SINGH. M/S NOVELTY SWEETS, AMRITSAR

In the result, the appeal filed by the revenue is dismissed

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

bogus losses to be set off with the amount of surrendered income when it is a clear cut fact that accounts of the assessee were not maintained properly? 4. Whether in the facts and circumstances of the case, the Ld. CIT(A) has erred in law by not appreciating that the assessee had incurred losses in the relevant year only

THE DY.COMMISSIONER OF INCOME-TAX, JAMMU vs. M/S FILL INDUSTRIES,, SRINAGAR

In the result appeal of the assessee ground no 4 to 4

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

57 dated 14. I l, 2002 and other Notifications issued on the subject, pertaining to the Industrial policy introduced in the State of Jammu and Kashmir, is capital receipt and, thus, not liable to tax under the provisions ofthe Act”. The Revenue, in the grounds of appeal so raised before Hon'ble ITAT have only stated that

THE DY.COMMISSIONER OF INCOME-TAX, JAMMU vs. M/S FILL INDUSTRIES,, SRINAGAR

In the result appeal of the assessee ground no 4 to 4

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

57 dated 14. I l, 2002 and other Notifications issued on the subject, pertaining to the Industrial policy introduced in the State of Jammu and Kashmir, is capital receipt and, thus, not liable to tax under the provisions ofthe Act”. The Revenue, in the grounds of appeal so raised before Hon'ble ITAT have only stated that

THE DY.COMMISSIONER OF INCOME-TAX, JAMMU vs. M/S FILL INDUSTRIES,, SRINAGAR

In the result appeal of the assessee ground no 4 to 4

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

57 dated 14. I l, 2002 and other Notifications issued on the subject, pertaining to the Industrial policy introduced in the State of Jammu and Kashmir, is capital receipt and, thus, not liable to tax under the provisions ofthe Act”. The Revenue, in the grounds of appeal so raised before Hon'ble ITAT have only stated that

THE DY.COMMISSIONER OF INCOME-TAX, JAMMU vs. M/S FIL INDUSTRIES,, SRINAGAR

In the result appeal of the assessee ground no 4 to 4

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

57 dated 14. I l, 2002 and other Notifications issued on the subject, pertaining to the Industrial policy introduced in the State of Jammu and Kashmir, is capital receipt and, thus, not liable to tax under the provisions ofthe Act”. The Revenue, in the grounds of appeal so raised before Hon'ble ITAT have only stated that

THE DY.COMMISSIONER OF INCOME-TAX, JAMMU vs. M/S FIL INDUSTRIES,, SRINAGAR

In the result appeal of the assessee ground no 4 to 4

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

57 dated 14. I l, 2002 and other Notifications issued on the subject, pertaining to the Industrial policy introduced in the State of Jammu and Kashmir, is capital receipt and, thus, not liable to tax under the provisions ofthe Act”. The Revenue, in the grounds of appeal so raised before Hon'ble ITAT have only stated that

THE DY.COMMISSIONER OF INCOME-TAX, JAMMU vs. M/S FIL INDUSTRIES,, SRINAGAR

In the result appeal of the assessee ground no 4 to 4

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

57 dated 14. I l, 2002 and other Notifications issued on the subject, pertaining to the Industrial policy introduced in the State of Jammu and Kashmir, is capital receipt and, thus, not liable to tax under the provisions ofthe Act”. The Revenue, in the grounds of appeal so raised before Hon'ble ITAT have only stated that

M/S FIL INDUSTRIES LTD,SRINAGAR vs. THE DY COMMISSIONER OF INCOME TAX, SRINAGAR

In the result appeal of the assessee ground no 4 to 4

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

57 dated 14. I l, 2002 and other Notifications issued on the subject, pertaining to the Industrial policy introduced in the State of Jammu and Kashmir, is capital receipt and, thus, not liable to tax under the provisions ofthe Act”. The Revenue, in the grounds of appeal so raised before Hon'ble ITAT have only stated that

THE DY. COMMISSIONER OF INCOME TAX, JAMMU vs. M/S. FIL INDUSTRIES LTD, SRINAGAR

In the result appeal of the assessee ground no 4 to 4

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

57 dated 14. I l, 2002 and other Notifications issued on the subject, pertaining to the Industrial policy introduced in the State of Jammu and Kashmir, is capital receipt and, thus, not liable to tax under the provisions ofthe Act”. The Revenue, in the grounds of appeal so raised before Hon'ble ITAT have only stated that

THE DY. COMMISSIONER OF INCOME TAX, JAMMU vs. M/S. FIL INDUSTRIES LTD, SRINAGAR

In the result appeal of the assessee ground no 4 to 4

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

57 dated 14. I l, 2002 and other Notifications issued on the subject, pertaining to the Industrial policy introduced in the State of Jammu and Kashmir, is capital receipt and, thus, not liable to tax under the provisions ofthe Act”. The Revenue, in the grounds of appeal so raised before Hon'ble ITAT have only stated that

M/S FIL INDUSTRIES LTD,SRINAGAR vs. THE ADDL. COMMISSIONER OF INCOME TAX, SRINAGAR

In the result appeal of the assessee ground no 4 to 4

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

57 dated 14. I l, 2002 and other Notifications issued on the subject, pertaining to the Industrial policy introduced in the State of Jammu and Kashmir, is capital receipt and, thus, not liable to tax under the provisions ofthe Act”. The Revenue, in the grounds of appeal so raised before Hon'ble ITAT have only stated that