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

section 40(a)(ia) on these payments. Similar type of disallowance has been deleted by my predecessor in the assessment years 2008-09, 2009-10, 2010-11 & 2011-12. Since, the facts in the appeal under consideration are similar to that of appeal decided by the Hon'ble ITAT in earlier years, I delete the addition of Rs.98441850

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

section 40(a)(ia) on these payments. Similar type of disallowance has been deleted by my predecessor in the assessment years 2008-09, 2009-10, 2010-11 & 2011-12. Since, the facts in the appeal under consideration are similar to that of appeal decided by the Hon'ble ITAT in earlier years, I delete the addition of Rs.98441850

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

section 40(a)(ia) on these payments. Similar type of disallowance has been deleted by my predecessor in the assessment years 2008-09, 2009-10, 2010-11 & 2011-12. Since, the facts in the appeal under consideration are similar to that of appeal decided by the Hon'ble ITAT in earlier years, I delete the addition of Rs.98441850

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

section 40(a)(ia) on these payments. Similar type of disallowance has been deleted by my predecessor in the assessment years 2008-09, 2009-10, 2010-11 & 2011-12. Since, the facts in the appeal under consideration are similar to that of appeal decided by the Hon'ble ITAT in earlier years, I delete the addition of Rs.98441850

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

section 40(a)(ia) on these payments. Similar type of disallowance has been deleted by my predecessor in the assessment years 2008-09, 2009-10, 2010-11 & 2011-12. Since, the facts in the appeal under consideration are similar to that of appeal decided by the Hon'ble ITAT in earlier years, I delete the addition of Rs.98441850

INDIAN TOOLS TECHNOLOGY CENTRE ,JALANDHAR vs. INCOME TAX OFICER WARD II(1), JALANDHAR

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

234/(Asr)/2018 Assessment Year: 2014-15 Indian Tools Technology Vs. Income Tax Officer, Centre, C/o Forging & Ward-II(1), Chemicals, GT Road, Jalandhar Jalandhar. [PAN: AACC13668M] (Appellant) (Respondent) Appellant by : Sh. J. S. Bhasin, Adv. Respondent by: Sh. Rohit Mehra, D.R. Date of Hearing: 20.12.2021 Date of Pronouncement: 21.02.2022 ORDER Per Dr. M. L. Meena, AM: The appeal

SHRI SHAM SUNDER AGGARWAL,KAPURTHALA vs. PRINCIPAL COMMISSIONER OF INCOME TAX -1, JALANDHAR

In the result, the appeal of the assessee bearing ITA No

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

disallowance is absolutely arbitrary and illegal. This apart, if the parties having received VAT from the assessee, failed to further pay to Govt at their end, the assessee cannot be faulted with. 14. Thus from the facts and figures stated hereinabove, the proposed action u/s.263 is unwarranted since, the order even if erroneous, is not prejudicial to interest of revenue

SHRI VIJAY KUMAR GROVER ,SRINAGAR vs. INCOME TAX OFFICER, WARD 3(3), SRINAGAR

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

Bench: Sh. Kul Bharat

section 143(3) of IT Act. An addition of Rs. 3,62,607/- was made by him to the returned income of Rs.10,75,020/-&partly upheld by worthy CIT(A) to the extent of Rs. 2,50,000/- NOW THE ARGUMENTS GROUND NOS.1 to 5 Your Honour- As is a common knowledge, various expenses have to be incurred