MAX FINANCIAL SERVICE LIMITED ,NAWANSHAHR vs. PRINCIPAL COMMISSIONER OF INCOME TAX -1, JALANDHAR

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

24 A.Y.2015-16 investment activity carried out by the assessee and could not be categorized as the business income of the assessee. Therefore, the Ld. Pr.CIT held that the justification of the claim of the expenses stood negated and the non- examination of the claim of expenses by the AO had rendered the assessment order erroneous so as to cause prejudice

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

In the result, the ground No