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

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

192/- made by the A.O. on account of disallowance of exemption u/s 10B of the Income Tax Act claimed on income arising out of export incentives. 2. That Ld. CIT(A) has erred in facts as well as law by ignoring the findings of the TPO and holding that LIBOR rate should be applied on interest advanced to Associate Enterprises

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

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

192/- made by the A.O. on account of disallowance of exemption u/s 10B of the Income Tax Act claimed on income arising out of export incentives. 2. That Ld. CIT(A) has erred in facts as well as law by ignoring the findings of the TPO and holding that LIBOR rate should be applied on interest advanced to Associate Enterprises

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

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

192/- made by the A.O. on account of disallowance of exemption u/s 10B of the Income Tax Act claimed on income arising out of export incentives. 2. That Ld. CIT(A) has erred in facts as well as law by ignoring the findings of the TPO and holding that LIBOR rate should be applied on interest advanced to Associate Enterprises

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

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

192/- made by the A.O. on account of disallowance of exemption u/s 10B of the Income Tax Act claimed on income arising out of export incentives. 2. That Ld. CIT(A) has erred in facts as well as law by ignoring the findings of the TPO and holding that LIBOR rate should be applied on interest advanced to Associate Enterprises

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

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

192/- made by the A.O. on account of disallowance of exemption u/s 10B of the Income Tax Act claimed on income arising out of export incentives. 2. That Ld. CIT(A) has erred in facts as well as law by ignoring the findings of the TPO and holding that LIBOR rate should be applied on interest advanced to Associate Enterprises

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

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

192/- made by the A.O. on account of disallowance of exemption u/s 10B of the Income Tax Act claimed on income arising out of export incentives. 2. That Ld. CIT(A) has erred in facts as well as law by ignoring the findings of the TPO and holding that LIBOR rate should be applied on interest advanced to Associate Enterprises

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

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

192/- made by the A.O. on account of disallowance of exemption u/s 10B of the Income Tax Act claimed on income arising out of export incentives. 2. That Ld. CIT(A) has erred in facts as well as law by ignoring the findings of the TPO and holding that LIBOR rate should be applied on interest advanced to Associate Enterprises

SH. ANUP KUMAR JAITLY,JALANDHAR vs. INCOME TAX OFFICER WARD -3(1), JALANDHAR

In the result, the appeal of the assessee is allowed for statistical

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

disallowance under sub-section (3) of section 40A shall be made and no payment shall be deemed to be the profits and gains of business or profession under subsection (3A) of section 40A where a payment or aggregate of payments made to a person in a day, otherwise than by an account payee cheque drawn on a bank or account

THE KOT RAM DASS COOP. THIRFT & CREDIT SOCIETY LIMITED,JALANDHAR vs. INCOME TAX OFFICER WARD-2 (4), JALANDHAR

In the result, appeal of the assessee ITA No

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjeei.T.A. No.86/Asr/2021 Assessment Year: 2017-18

disallowed the deduction for violation of Section 80P(2)(d) of the the Act. In relation to restriction u/s 80P(4) of the Act. The interest was added back with the total income as income amount of Rs.21,05,192

THE DHAMAI COOPERATIVE AGRICULTURE SERVICE SOCIETY LIMITED,HOSHIARPUR vs. INCOME TAX OFFICER , HOSHIARPUR

In the result, the appeals filed by the appellant are allowed and the order(s) of the Kerala High Court and other authorities to the contrary are set aside

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjeei.T.A. No.273/Asr/2023 Assessment Year: 2017-18

disallowed the deduction for violation of Section 80P(2)(d) of the Act. In relation to restriction u/s 80P(4) of the Act. The interest was added back with the total income as income amount of Rs.21,05,192

THE DHAMAI COOPERATIVE AGRICULTURE SERVICE SOCIETY LIMITED,HOSHIARPUR vs. INCOME TAX OFFICER WARD, HOSHIARPUR

In the result, appeal of the assessee ITA No

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjeei.T.A. No.238/Asr/2023 Assessment Year: 2020-21

disallowed the deduction for violation of Section 80P(2)(d) of the the Act. In relation to restriction u/s 80P(4) of the Act. The interest was added back with the total income as income amount of Rs.21,05,192

J.M.C PLYWOOD,GORAYA vs. INCOME TAX OFFICER WARD-3, PHAGWARA

In the result, the disallowances confirmed by the NFAC/CIT(A) related to ITA No

Bench: Sh. N. K. Saini & Sh. Anikesh Banerjee

disallowed by the ld AO. 6. We have heard the ld. authorized representatives for both the parties, perused the orders of the lower authorities and the material available on record, as well as considered the judicial pronouncements that have been pressed by them to drive home their respective contentions. In order to answer the issue as to whether

KHALSA BAKERY ,KAPUTHALA vs. INCOME TAX OFFICER WARD -4 (2), JALANDHAR

In the result, the disallowances confirmed by the NFAC/CIT(A) related to ITA No

Bench: Sh. N. K. Saini & Sh. Anikesh Banerjee

disallowed by the ld AO. 6. We have heard the ld. authorized representatives for both the parties, perused the orders of the lower authorities and the material available on record, as well as considered the judicial pronouncements that have been pressed by them to drive home their respective contentions. In order to answer the issue as to whether

M/S DIAMOND RED TANNERIES,KAPURTHALA vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1, JALANDHAR

In the result, the disallowances confirmed by the NFAC/CIT(A) related to ITA No

Bench: Sh. N. K. Saini & Sh. Anikesh Banerjee

disallowed by the ld AO. 6. We have heard the ld. authorized representatives for both the parties, perused the orders of the lower authorities and the material available on record, as well as considered the judicial pronouncements that have been pressed by them to drive home their respective contentions. In order to answer the issue as to whether

VAAHO AGENCIES PRIVATE LIMITED ,AMRITSAR vs. INCOME TAX OFFICER WARD -1 ( 1 ) , AMRITSAR

In the result, the appeal of the assessee related all grounds of ITA No

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

disallowed by the ld AO. 6. We have heard the ld. authorized representatives for both the parties, perused the orders of the lower authorities and the material available on record, as well as considered the judicial pronouncements that have been pressed by them to drive home their respective contentions. In order to answer the issue as to whether

V R A COTTON MILLS.,ABOHAR vs. DY.COMMISSIONER OF INCOME TAX , BATHINDA

In the result, appeal filed by the assessee stands allowed

Bench: Sh. B.R. Baskaran & Sh. N.K.Choudhry

192 (Guj.). The Ld. CIT(A) further held that no disallowance can be effected in case of payment of Rs.6,59,410/- towards handling ITA N0.10/Asr/ 2019 (A.Y: 2008-09) 3 VRA Cotton Mills Pvt. Ltd. vs. DCIT charges as the same has been included in the operating income of the payee. Ultimately the Ld. CIT(A) disallowed the amount

A.N.R MOTORS PRIVATE LIMITED,JALANDHAR vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-4, JALANDHAR

In the result, both the appeals of the assessee are allowed

Bench: Shri Mahavir Prasad & Shri Manish Borad

disallowance u/s 36(1)(va) of the Act for delayed employee’s PF/ESI at Rs. 29,00,790/-, we find that the said amount was deposited before due date of filing of return u/s 139(1) of the Act and under these given facts the following finding in decision of the Coordinate Bench in case of Nipun Jain (supra

A.N.R MOTORS PRIVATE LIMITED,JALANDHAR vs. DEPUTY COMMISSIONE OF INCOME TAX CIRCLE-4, JALANDHAR

In the result, both the appeals of the assessee are allowed

Bench: Shri Mahavir Prasad & Shri Manish Borad

disallowance u/s 36(1)(va) of the Act for delayed employee’s PF/ESI at Rs. 29,00,790/-, we find that the said amount was deposited before due date of filing of return u/s 139(1) of the Act and under these given facts the following finding in decision of the Coordinate Bench in case of Nipun Jain (supra