THE ASSTT. COMMISSIONER OF INCOME TAX, JALANDHAR vs. M/S BROADWAY OVERSEAS LTD., JALANDHAR

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

5. While framing the assessment, Ld. AO has denied deduction u/s 10B on export incentive of Rs.18,92,129/- of eligible Industrial Undertaking. The reasons stated by the Ld. AO for denying deduction u/s 10B on export inventive in para 5.2 of the assessment order are as under:- “In order to claim benefits u/s 10B there should be direct nexus

THE ASSTT. COMMISSIONER OF INCOME TAX, JALANDHAR vs. M/S BROADWAY OVERSEAS LTD., JALANDHAR

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

5. While framing the assessment, Ld. AO has denied deduction u/s 10B on export incentive of Rs.18,92,129/- of eligible Industrial Undertaking. The reasons stated by the Ld. AO for denying deduction u/s 10B on export inventive in para 5.2 of the assessment order are as under:- “In order to claim benefits u/s 10B there should be direct nexus

THE ASSISTANT COMMISSIONER OF INCOME TAX, JALANDHAR vs. M/S BROADWAYS OVERSEAS LTD, JALANDHAR

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

5. While framing the assessment, Ld. AO has denied deduction u/s 10B on export incentive of Rs.18,92,129/- of eligible Industrial Undertaking. The reasons stated by the Ld. AO for denying deduction u/s 10B on export inventive in para 5.2 of the assessment order are as under:- “In order to claim benefits u/s 10B there should be direct nexus

THE ASSTT. COMMISSIONER OF INCOME TAX, JALANDHAR vs. M/S BROADWAY OVERSEAS LTD., JALANDHAR

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

5. While framing the assessment, Ld. AO has denied deduction u/s 10B on export incentive of Rs.18,92,129/- of eligible Industrial Undertaking. The reasons stated by the Ld. AO for denying deduction u/s 10B on export inventive in para 5.2 of the assessment order are as under:- “In order to claim benefits u/s 10B there should be direct nexus

BRODAWAYS OVERSEAS LIMITED,JALANDHAR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1, JALANDHAR

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

5. While framing the assessment, Ld. AO has denied deduction u/s 10B on export incentive of Rs.18,92,129/- of eligible Industrial Undertaking. The reasons stated by the Ld. AO for denying deduction u/s 10B on export inventive in para 5.2 of the assessment order are as under:- “In order to claim benefits u/s 10B there should be direct nexus

THE ASSTT. COMMISSIONER OF INCOME TAX, JALANDHAR vs. M/S BROADWAY OVERSEAS LTD., JALANDHAR

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

5. While framing the assessment, Ld. AO has denied deduction u/s 10B on export incentive of Rs.18,92,129/- of eligible Industrial Undertaking. The reasons stated by the Ld. AO for denying deduction u/s 10B on export inventive in para 5.2 of the assessment order are as under:- “In order to claim benefits u/s 10B there should be direct nexus

INCOME TAX OFFICER, WARD-2 , PHAGWARA vs. SH. SUCHA SINGH, PHILLAUR

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

Bench: Shrilaliet Kumar & Dr. Mitha Lal Meena

5. No copy of compensation issued to Sucha Singh. So, on 18/11/2016 she already knew that Land acquired was agriculture andcompensation was paid on agriculture rate but A.O. totally ignored this relevant evidence justifying claim of exemption u/s 10(37) of I.T. Act 1961. 8.Also on 01/12/2016 using powers u/s 133(6) to verify claim of exemption of capital gain