ASSISTANT COMMISIONER OF INCOME TAX , CIRCLE-1, JAMMU vs. MESERS JAMMU & KASHMIR BANK LIMITED , SRINAGAR

In the result, the ground No

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

disallowance u/s. 14A can be made only if the AO disapproves the method of accounting of the assessee, being not satisfied with the assessee's claim; that section 14A(3

ASSISTANT COMMISSIONER OF INCOME -TAX , CIRCLE -1,, JAMMU vs. THE JAMMU & KASHMIR BANK LTD.,, SRINAGAR

In the result, the ground No

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

disallowance u/s. 14A can be made only if the AO disapproves the method of accounting of the assessee, being not satisfied with the assessee's claim; that section 14A(3

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, JAMMU vs. MESERS JAMMU & KASHMIR BANK LIMITED , SRINAGAR

In the result, the ground No

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

disallowance u/s. 14A can be made only if the AO disapproves the method of accounting of the assessee, being not satisfied with the assessee's claim; that section 14A(3

THE DY. COMMISSIONER INCOME-TAX, JAMMU vs. M/S. THE JAMMU & KASHMIR BANK LTD,, SRINAGAR

In the result, the ground No

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

disallowance u/s. 14A can be made only if the AO disapproves the method of accounting of the assessee, being not satisfied with the assessee's claim; that section 14A(3

THE DY. COMMISSIONER INCOME-TAX, JAMMU vs. M/S. THE JAMMU & KASHMIR BANK LTD,, SRINAGAR

In the result, the ground No

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

disallowance u/s. 14A can be made only if the AO disapproves the method of accounting of the assessee, being not satisfied with the assessee's claim; that section 14A(3

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

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

disallowance under section 14A of the Act out of the other income. The CIT(DR) contention that SLP against Hon’ble High Court’s order in the case of CIT vs. Hero Cycles Ltd., 323 JTR 518 has been admitted and pending for adjudication by the Hon’ble Apex Court is not acceptable. Mere 42 I.T.A. Nos. 477 & CO 32/Asr/2015

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

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

disallowance under section 14A of the Act out of the other income. The CIT(DR) contention that SLP against Hon’ble High Court’s order in the case of CIT vs. Hero Cycles Ltd., 323 JTR 518 has been admitted and pending for adjudication by the Hon’ble Apex Court is not acceptable. Mere 42 I.T.A. Nos. 477 & CO 32/Asr/2015

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

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

disallowance under section 14A of the Act out of the other income. The CIT(DR) contention that SLP against Hon’ble High Court’s order in the case of CIT vs. Hero Cycles Ltd., 323 JTR 518 has been admitted and pending for adjudication by the Hon’ble Apex Court is not acceptable. Mere 42 I.T.A. Nos. 477 & CO 32/Asr/2015

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

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

disallowance under section 14A of the Act out of the other income. The CIT(DR) contention that SLP against Hon’ble High Court’s order in the case of CIT vs. Hero Cycles Ltd., 323 JTR 518 has been admitted and pending for adjudication by the Hon’ble Apex Court is not acceptable. Mere 42 I.T.A. Nos. 477 & CO 32/Asr/2015

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

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

disallowance under section 14A of the Act out of the other income. The CIT(DR) contention that SLP against Hon’ble High Court’s order in the case of CIT vs. Hero Cycles Ltd., 323 JTR 518 has been admitted and pending for adjudication by the Hon’ble Apex Court is not acceptable. Mere 42 I.T.A. Nos. 477 & CO 32/Asr/2015

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

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

disallowance under section 14A of the Act out of the other income. The CIT(DR) contention that SLP against Hon’ble High Court’s order in the case of CIT vs. Hero Cycles Ltd., 323 JTR 518 has been admitted and pending for adjudication by the Hon’ble Apex Court is not acceptable. Mere 42 I.T.A. Nos. 477 & CO 32/Asr/2015

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

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

disallowance under section 14A of the Act out of the other income. The CIT(DR) contention that SLP against Hon’ble High Court’s order in the case of CIT vs. Hero Cycles Ltd., 323 JTR 518 has been admitted and pending for adjudication by the Hon’ble Apex Court is not acceptable. Mere 42 I.T.A. Nos. 477 & CO 32/Asr/2015

ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-3, SRINAGAR vs. M/S TRUMBO CEMENT INDUSTRIES PRIVATE LIMITED, SRINAGAR

In the result, the Ground no-1 of the Revenue for ITA No

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

3. The Ld. CIT(A) has erred in deleting the addition of Rs. 60,38,701/- made by the AO on account of disallowance of disallowance u/s 14A. As the A.O has observed that the assessee has utilized business funds for share application money and there was no close proximity to the business of the assessee company and investment

ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-3, SRINAGAR vs. M/S TRUMBO CEMENT INDUSTRIES PRIVATE LIMITED , SRINAGAR

In the result, the Ground no-1 of the Revenue for ITA No

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

3. The Ld. CIT(A) has erred in deleting the addition of Rs. 60,38,701/- made by the AO on account of disallowance of disallowance u/s 14A. As the A.O has observed that the assessee has utilized business funds for share application money and there was no close proximity to the business of the assessee company and investment

POONAM MARWAHA,AMRITSAR vs. ACIT DCIT CEN CIR, AMRITSAR

In the result, the appeal filed by assessee is allowed

disallowance - Cash payment exceeding prescribed limit\n(Rule 6DD) - Assessment year 2013-14 - Assessee-company was engaged in business of\nmanufacturing of dairy products Assessee filed return and Assessing Officer passed\nassessment order after making certain additions - Principal Commissioner observed that\nassessee made cash payment in excess of Rs. 20,000 to milk sellers who were traders and\nsaid sellers

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

3. Whether on the facts and circumstances of the case in law, the Ld.CIT(A) has erred in ignoring evidence of clear instance of suppression of sales on regular basis and restricting the addition only with reference to the deposits of cash in the bank account. 4. Whether on the facts and circumstances of the case

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

3. Whether on the facts and circumstances of the case in law, the Ld.CIT(A) has erred in ignoring evidence of clear instance of suppression of sales on regular basis and restricting the addition only with reference to the deposits of cash in the bank account. 4. Whether on the facts and circumstances of the case

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

3. Whether on the facts and circumstances of the case in law, the Ld.CIT(A) has erred in ignoring evidence of clear instance of suppression of sales on regular basis and restricting the addition only with reference to the deposits of cash in the bank account. 4. Whether on the facts and circumstances of the case