M/S. JAMMU DEVELOPMENT AUTHORITY,,JAMMU ( J&K) vs. THE DEPUTY COMMISSIONER OF INCOME TAX, JAMMU

In the result, the appeal of the assessee is partly allowed for statistical purposes and the appeal of the department is dismissed

Bench: Sh. N. S. Saini & Sh. N. K. Choudhryita No. 498/Asr./2013 : Asstt. Year : 2005-06 Jammu Development Authority, Vs Dy. Commissioner Of Income Vikas Bhawan, Rail Head Tax, Circle-I, Complex, Jammu, J & K Jammu (Appellant) (Respondent) Pan No. Aadfj7335A Ita No. 494/Asr./2013 : Asstt. Year : 2005-06 Dy. Commissioner Of Income Vs Jammu Development Authority, Tax, Circle-I, Vikas Bhawan, Rail Head Jammu Complex, Jammu, J & K (Appellant) (Respondent) Pan No. Aabcp1720E Assessee By : Shri. R. K. Gupta, Ca & Shri. Vasu Gupta, Ca Revenue By : Shri. M. P. Singh, Cit Dr Date Of Hearing :21.02.2019 Date Of Pronouncement : 22.03.2019 Order Per N. S. Saini: These Are The Cross Appeals Filed By The Assessee & Revenue Against The Order Of Commissioner Of Income Tax (Appeals) Dated 06.05.2013, Jammu.

section 24 of the Income Tax Act, which is prayed to be allowed.” 43. The Commissioner of Income Tax (Appeals) has observed as under: “4.9 Ground of Appeal No. 2.31 relates to treatment of rental income u/s 24 of the Act and allowance of 30% deduction. There is no addition on this account the appellant has not given any submission

ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-3, AMRITSAR vs. M/S SURJIT SINGH AND CO, AMRITSAR

In the result, the appeal filed by the Revenue is rejected

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

73,43,085/- made by the A.O. and directed him to assess the net profit rate of the assessee after allowing salary and interest to partners and depreciation @ 9% of turnover declared by the assessee in the return of income; without appreciating the facts that the assessee did not produce documentary evidences in support of genuineness of claim of site

M/S STEP BY STEP JUNIOR SCHOOL SOCIETY,AMRITSAR. vs. COMMISSIONER OF INCOME TAX (EXEMPTION), CHANDIGARH

Bench: : Shri Laliet Kumar & Dr. Mitha Lal Meena

depreciation or otherwise in respect of any asset, acquisition of which has been claimed as an application of income under this clause in the same or any other previous year;] 19. From the reading of Section 10(23C) (vi), it is amply clear that the university and educational institution that are solely for educational purposes and not for profit must

M/S ACTIVE TOOLS (P). LIMITED,JALANDHAR vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE -II, JALANDHAR

Bench: : Shri Laliet Kumar & Dr. Mitha Lal Meena

depreciation has occurred because the assessee had installed and put to use new machinery worth Rs.143.29 lacs and this machinery was imported from Germany and was installed in the month of July, 2009, much before the date of survey which was on 14.09.2009. This fact of purchase of additional machinery was conveyed to Assessing Officer vide letter dated 01.03.2013, which

MEASAGE NARULA SOLVEX PRIVATE LIMITED,MOGA vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE, AMRITSAR

In the result, the appeals of the revenue are dismissed and appeals of assessee are allowed in the terms indicated above

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

depreciation on plant & machinery and investment in UTI funds, by ignoring the facts of the case and submissions of assessee and without observing the principles of natural justice. 4. That having regard to the facts and circumstances of the case, Hon’ble CIT(A) has erred in law and on facts in partly confirming the action

M/S NARULA OIL & FATS PRIVATE LIMITED,AHEMDABAD vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE, AMRITSAR

In the result, the appeals of the revenue are dismissed and appeals of assessee are allowed in the terms indicated above

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

depreciation on plant & machinery and investment in UTI funds, by ignoring the facts of the case and submissions of assessee and without observing the principles of natural justice. 4. That having regard to the facts and circumstances of the case, Hon’ble CIT(A) has erred in law and on facts in partly confirming the action

M/S NARULA OIL & FATS PRIVATE LIMITED,AHEMDABAD vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE, AMRITSAR

In the result, the appeals of the revenue are dismissed and appeals of assessee are allowed in the terms indicated above

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

depreciation on plant & machinery and investment in UTI funds, by ignoring the facts of the case and submissions of assessee and without observing the principles of natural justice. 4. That having regard to the facts and circumstances of the case, Hon’ble CIT(A) has erred in law and on facts in partly confirming the action

M/S NARULA OIL & FATS PRIVATE LIMITED,AHEMDABAD vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE, AMRITSAR

In the result, the appeals of the revenue are dismissed and appeals of assessee are allowed in the terms indicated above

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

depreciation on plant & machinery and investment in UTI funds, by ignoring the facts of the case and submissions of assessee and without observing the principles of natural justice. 4. That having regard to the facts and circumstances of the case, Hon’ble CIT(A) has erred in law and on facts in partly confirming the action

M/S NARULA OIL & FATS PRIVATE LIMITED,AHEMDABAD vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE, AMRITSAR

In the result, the appeals of the revenue are dismissed and appeals of assessee are allowed in the terms indicated above

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

depreciation on plant & machinery and investment in UTI funds, by ignoring the facts of the case and submissions of assessee and without observing the principles of natural justice. 4. That having regard to the facts and circumstances of the case, Hon’ble CIT(A) has erred in law and on facts in partly confirming the action

ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE, AMRITSAR vs. M/S NARULA OIL & FATS PRIVTE LIMITED, AHMEDABAD

In the result, the appeals of the revenue are dismissed and appeals of assessee are allowed in the terms indicated above

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

depreciation on plant & machinery and investment in UTI funds, by ignoring the facts of the case and submissions of assessee and without observing the principles of natural justice. 4. That having regard to the facts and circumstances of the case, Hon’ble CIT(A) has erred in law and on facts in partly confirming the action

M/S NARULA OIL & FATS PRIVATE LIMITED,AHEMDABAD vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE, AMRITSAR

In the result, the appeals of the revenue are dismissed and appeals of assessee are allowed in the terms indicated above

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

depreciation on plant & machinery and investment in UTI funds, by ignoring the facts of the case and submissions of assessee and without observing the principles of natural justice. 4. That having regard to the facts and circumstances of the case, Hon’ble CIT(A) has erred in law and on facts in partly confirming the action

M/S NARULA FOODS PRIVATE LIMITED,FEROZEPUR vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE, AMRITSAR

In the result, the appeals of the revenue are dismissed and appeals of assessee are allowed in the terms indicated above

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

depreciation on plant & machinery and investment in UTI funds, by ignoring the facts of the case and submissions of assessee and without observing the principles of natural justice. 4. That having regard to the facts and circumstances of the case, Hon’ble CIT(A) has erred in law and on facts in partly confirming the action

M/S NARULA FOODS PRIVATE LIMITED,FEROZEPUR vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE, AMRITSAR

In the result, the appeals of the revenue are dismissed and appeals of assessee are allowed in the terms indicated above

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

depreciation on plant & machinery and investment in UTI funds, by ignoring the facts of the case and submissions of assessee and without observing the principles of natural justice. 4. That having regard to the facts and circumstances of the case, Hon’ble CIT(A) has erred in law and on facts in partly confirming the action

M/S NARULA FOODS PRIVATE LIMITED,FEROZEPUR vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE, AMRITSAR

In the result, the appeals of the revenue are dismissed and appeals of assessee are allowed in the terms indicated above

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

depreciation on plant & machinery and investment in UTI funds, by ignoring the facts of the case and submissions of assessee and without observing the principles of natural justice. 4. That having regard to the facts and circumstances of the case, Hon’ble CIT(A) has erred in law and on facts in partly confirming the action

M/S NARULA FOODS PRIVATE LIMITED,FEROZEPUR vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE, AMRITSAR

In the result, the appeals of the revenue are dismissed and appeals of assessee are allowed in the terms indicated above

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

depreciation on plant & machinery and investment in UTI funds, by ignoring the facts of the case and submissions of assessee and without observing the principles of natural justice. 4. That having regard to the facts and circumstances of the case, Hon’ble CIT(A) has erred in law and on facts in partly confirming the action

M/S NARULA FOODS PRIVATE LIMITED,FEROZEPUR vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE, AMRITSAR

In the result, the appeals of the revenue are dismissed and appeals of assessee are allowed in the terms indicated above

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

depreciation on plant & machinery and investment in UTI funds, by ignoring the facts of the case and submissions of assessee and without observing the principles of natural justice. 4. That having regard to the facts and circumstances of the case, Hon’ble CIT(A) has erred in law and on facts in partly confirming the action

M/S NARULA FOODS PRIVATE LIMITED,FEROZEPUR vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE, AMRITSAR

In the result, the appeals of the revenue are dismissed and appeals of assessee are allowed in the terms indicated above

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

depreciation on plant & machinery and investment in UTI funds, by ignoring the facts of the case and submissions of assessee and without observing the principles of natural justice. 4. That having regard to the facts and circumstances of the case, Hon’ble CIT(A) has erred in law and on facts in partly confirming the action

MEASAGE SAT KARTAR SOLVEX PRIVATE LIMITED,FEROZEPUR vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE, AMRITSAR

In the result, the appeals of the revenue are dismissed and appeals of assessee are allowed in the terms indicated above

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

depreciation on plant & machinery and investment in UTI funds, by ignoring the facts of the case and submissions of assessee and without observing the principles of natural justice. 4. That having regard to the facts and circumstances of the case, Hon’ble CIT(A) has erred in law and on facts in partly confirming the action