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

5. Determination: 1. Disallowance u/s 40(a) (ia) of the Income Tax Act,1961amounting to Rs.552429/- in respect of Clearing House charges: “The A.O. has disallowed a sum of Rs. 552429/- u/s 40(a)(ia) of the Income Tax Act,1961 for non-deduction of tax u/s 194J of the Income Tax Act,1961 on MICR charges paid in respect

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

In the result, the ground No

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

5. Determination: 1. Disallowance u/s 40(a) (ia) of the Income Tax Act,1961amounting to Rs.552429/- in respect of Clearing House charges: “The A.O. has disallowed a sum of Rs. 552429/- u/s 40(a)(ia) of the Income Tax Act,1961 for non-deduction of tax u/s 194J of the Income Tax Act,1961 on MICR charges paid in respect

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

In the result, the ground No

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

5. Determination: 1. Disallowance u/s 40(a) (ia) of the Income Tax Act,1961amounting to Rs.552429/- in respect of Clearing House charges: “The A.O. has disallowed a sum of Rs. 552429/- u/s 40(a)(ia) of the Income Tax Act,1961 for non-deduction of tax u/s 194J of the Income Tax Act,1961 on MICR charges paid in respect

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

5. Determination: 1. Disallowance u/s 40(a) (ia) of the Income Tax Act,1961amounting to Rs.552429/- in respect of Clearing House charges: “The A.O. has disallowed a sum of Rs. 552429/- u/s 40(a)(ia) of the Income Tax Act,1961 for non-deduction of tax u/s 194J of the Income Tax Act,1961 on MICR charges paid in respect

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

5. Determination: 1. Disallowance u/s 40(a) (ia) of the Income Tax Act,1961amounting to Rs.552429/- in respect of Clearing House charges: “The A.O. has disallowed a sum of Rs. 552429/- u/s 40(a)(ia) of the Income Tax Act,1961 for non-deduction of tax u/s 194J of the Income Tax Act,1961 on MICR charges paid in respect

INCOME-TAX OFFICER, BATHINDA vs. SH. MOHAN LAL, BATHINDA

Bench: Sh. T. S. Kapoor & Sh. N. K. Choudhryi.T.A. No. 170/(Asr)/2015 Assessment Year: 2011-12 Pan: Aajpl8560B Income Tax Officer, Vs. Sh. Mohan Lal Prop. Ward-1(2), Bathinda. M/S Ramji Dass Bko, Vill. Bhagiwander, Tehsil Talwandi Sabo, Distt. Bathinda. (Appellant) (Respondent)

194C and consequently 2 ITA No. 170(Asr)/2015 Assessment Year: 2011-12 immune from the operation of section 40(a)(ia). During the course of assessment proceedings, it was admitted by the assessee that no tax was deducted on these payments and when confronted in this regard, it was argued that although the payments made for Bharai, Nikasi

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-IV,, PATHANKOT vs. THE GURDASPUR CENTRAL CO. OPBANK LTD, GURDASPUR

In the result, the ground no

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

5 DTR 0326: (2008) 304 ITR 0017 is applicable in the case of the appellant wherein it was held that purchase of printed packing material for which raw material was not supplied by the assessee was a contract for sale outside the purview of section 194C- Factum of such packing material carrying some printed work can only be regarded

MEASAGE TAU AGRO SALES PRIVATE LIMITED,FARIDKOT vs. INCOME TAX OFFICER WARD-3(2), FEROZEPUR

In the result the ground no

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

5 security.The CIT(A) allowed 15% of interest and disallowed 3% of the interest paid. Interest @18% is paid for all the years & accepted by the department in the Assessment completed under section 143(3) for Assessment year 10-11, Paper Book Page no. 34-36. Also, during Assessment year 11-12 & 13-14, the same rate of interest

MEASAGE.TAU AGRO SALES PRIVATE LIMITED,FARIDKOT vs. INCOME TAX OFFICER WARD-3(4), FARIDKOT

In the result the ground no

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

5 security.The CIT(A) allowed 15% of interest and disallowed 3% of the interest paid. Interest @18% is paid for all the years & accepted by the department in the Assessment completed under section 143(3) for Assessment year 10-11, Paper Book Page no. 34-36. Also, during Assessment year 11-12 & 13-14, the same rate of interest

M/S. ANAND TEXTILES ,PATHANKOT vs. INCOME TAX OFFICER WARD- 4 (1), AMRITSAR

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

Bench: Sh. N. K. Choudhry & Sh. O. P. Meenai.T.A. No. 674/Asr/2019 Assessment Year: 2008-09

section 194C of the Act. Hence, the expenses were disallowed u/s 40(a)(ia) of the Act. 11. Being aggrieved the assessee filed this appeal before this tribunal. The Ld. counsel submitted that when the books of account are rejected then no other disallowances are called for. 12. Per contra the Ld. Sr. DR submitted that the disallowances were made

M/S KASHMIR CEMENT,UDHAMPUR vs. INCOME TAX OFFICER, WARD-2(4), UDHAMPUR

In the result, the appeal filed by the assessee is partly allowed

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

section 194C of the Act. The ld. CIT(A) has concurred with the observation of the ld. Assessing Officer without taking a rebuttal of the assessee on the issue of regarding details of TDS deduction on the freight payment if any, accordingly, the issue of TDS is remitted back to the file of the ld. CIT(A) to adjudicate afresh

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

The appeals are dismissed

Bench: Sh. T. S. Kapoor & Sh. N. K. Choudhryi.T.A. No. 298/(Asr)/2014 Assessment Year: 2009-10 Pan: Aaact6167G Dy. C. I. T., Vs. M/S. The Jammu & Kashmir Circle-1, 2Nd Floor Aayakar Bank Ltd., Corporate Head Bhawan, Railhead Complex, Quarters, M. A. Road, Jammu. Srinagar. (Appellant) (Respondent)

5, 6 & 7 are dismissed. Ground no. 8 relates to disallowance u/s 40a(ia) on account of short deduction of TDS. This issue is also covered in favour of assessee in ITA No. 74,76 & 137/Asr/2015. The relevant findings of the Hon'ble Tribunal in its order dated 28.02.2017 are reproduced below: “11. Ground No. 4 pertains to addition u/s.40

FIRST INTERNATIONAL BUSINESS LTD.,JALANDHAR vs. INCOME TAX OFFICER, JALANDHAR

In the result, the appeal of the assessee ITA No

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjeei.T.A. No.46/Asr/2023 Assessment Year: 2012-13

194C of the Income Tax Act, 1961. 3. That Ld. CIT(A) has failed to appreciate that reimbursement of freight, loading/unloading charges to the associate concern is not any payment for the services rendered by the associate concerns and therefore, has erre’d in law and on the facts and circumstances of case in confirming disallowance

SHRI SATISH KUMAR. S/O. SH. HANS RAJ ,HOSHIARPUR vs. INCOME TAX OFFICER WARD-4, HOSHIARPUR

In the result, the appeal of the assessee stands allowed

Bench: Shri N.K. Choudhry & Shri O.P.Meenaआ.अ.संसंसंसं././././I.T.A No.258/Asr/2019 िनधा"रणवष"/A.Y.:2014-15 िनधा"रणवष" िनधा"रणवष" िनधा"रणवष" Shri Satish Kumar S/O Hans Raj, Vs. Principal Commissioner Of B-12, Mch-366/13, Billa Income-Tax-1, Jalandhar House, New Jagatpura, Hoshiarpur Pan: Aawpk 0932 D अपीलाथ" Appellant अपीलाथ" ""यथ"/Respondent ""यथ" अपीलाथ" अपीलाथ" ""यथ" ""यथ"

194C of the Act. However, the perusal of records suggest that there is nothing on record that TDS was deducted on these payments. The Pr.CIT further, observed that the assessee has debited Rs.5,91,030 as court fees paid for civil suit to recover Rs. 2,09,00,000 and Rs.17,53,638 against Kamaldeep Singh and M/s. Gupta Traders

SH. AMRINDER SINGH DHIMAN,NAKODAR vs. ADDITIONAL COMMISSIONER OF INCOME TAX, RANGE PHAGWARA, PHAGWARA

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

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

5 During the assessment proceedings the ld AO found some amount in assessee’s bank account which is total amount to Rs.13,52,000/-. The observation of the ld AO is as follows: “6.3 During the course of subsequent hearings, the assessee filed evidence in respect of credits of Rs.71,806/-, in ICICI Bank, Rs.30,000/- and Rs.20

MESAGE. NORTHERN TRASFORMERS. INDUSTRIAL ESTATE,SRINAGAR vs. INCOME TAX OFFICER WARD-2, SRINAGAR

In the result, the appeal of the assessee in ITA 329/Asr/2019 is partly

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

disallowance was made u/s 40(a)(ia) amount to Rs.49,573/-. In support the assessee took the plea that the amount was paid not payable. So the section 40(a)(ia) will not be applicable. The assessee paid the transporter amount of Rs.22,850/- and on date 26.06.2006 and dated 27.02.2007 amount of Rs.22,850/-, accordingly the total amount

M/S. NORTHERN STEEL INDUSTRIES,,SRINAGAR (KMR) vs. THE INCOME-TAX OFFICER, SRINAGAR (J&K)

In the result, the assessee’s appeal is partly allowed

Bench: Sh. Sanjay Arorai.T.A. No. 430/Asr/2014 Assessment Year: 2007-08

section 40A(3) (as noted at para 2.3.1 of his order), be not effected. The assessee, it may be noted, has not contested the disallowance on merits, either in appeal before the first appellate authority or even before the tribunal. So, however, to accord with the principle of natural justice, the AO shall, at the time of appeal-effect giving

SH RACHHPAL SINGH,AMRITSAR. vs. THE INCOME TAX OFFICER, AMRITSAR.

Accordingly, we herein set aside the order of the CIT(A) and direct the Assessing Officer to assess the income of the assessee as offered by him under section 44AD of the Act. The Grounds of appeal...

Bench: Dr. M. L. Meena & Sh. Ravish Sood

5) The Ld. AO as well as the worthy CIT (A)-2 has not been able to give the grounds and justification for disallowance of expenses of the appellant claimed in the return of Income. 6) On the given grounds it is appealed that the additions in income of Rs. 10,39,691/- should be deleted. 7) That the appellant