M/S JAMMU COOPERATIVE WHOLE SALE LIMITED,JAMMU vs. INCOME TAX OFFICER WARD-2 (1), JAMMU

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjeei.T.A. No. 150/Asr/2020 Assessment Year: 2005-06 M/S Jammu Cooperative Whole Sale The Ito Limited (Super Bazar) Old Hospital Ward-2(1) Road, City Chowk, Jammu- Jammu 180001(J&K)-180001

264, to claim that the proceedings under section 147 should be dropped on his showing that he had been assessed on an amount or to a sum not lower than what he would be rightly liable for even if the income alleged to have escaped assessment had been taken into account, or the assessment or computation had been properly made

THE ASSTT. COMMISSIONER OF INCOME TAX, JAMMU vs. M/S KAISER INDUSTRIES PVT. LTD, SAMBA

In the result, the appeal of the Revenue is dismissed

Bench: Sh. N. S. Saini & Sh. N. K. Choudhryita No. 381/Asr./2016 : Asstt. Year : 2006-07 Asstt. Commissioner Of Income Vs M/S Kaiser Industries Pvt. Ltd., Tax, Circle-1, Jammu Industrial Growth Centre, Sidco, Samba (Appellant) (Respondent) Pan No. Aabck0456G Assessee By : Shri. Vasu Gupta, Ca Revenue By : Sh. Yashender Garg, Dr Date Of Hearing :21.02.2019 Date Of Pronouncement : 22.03.2019 Order Per N. S. Saini: This Is An Appeal Filed By The Revenue Against The Order Of Commissioner Of Income Tax (Appeals), Jammu Dated 31.03.2016. 2. The Sole Issue Involved In This Appeal Is That The Commissioner Of Income Tax (Appeals) Erred In Allowing The Deduction U/S 80Ib(4) Of The Income Tax Act, 1961 In Respect Of Samba Unit As The Same Was Claimed To Inflate The Profit Of Eligible Unit For The Motive Of Availing Deduction U/S 80Ib.

264 dated 29.03.2014 for the assessment year 2010-11 has allowed deduction claimed u/s 80-IB in respect of Samba Unit. He has held that certain common expenses of Bahadurgarh Unit were to be apportioned among units in the ratio of their turnover. The relevant part of the order reproduced as under:- "The Ld. A.O. in its report has inclined

M/S CONSTRUCATIONENGINEERS,SRINAGAR vs. ASSISTAN COMMISSIONER OF INCOME TAX CIRCLE-3, SRINAGAR

In the result, the appeal bearing ITA No

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjeei.T.A. No.141/Asr/2020 Assessment Year: 1998-99 M/S Construction Engineers I.E. Vs. Asstt. Commissioner Of Baghatbarzulla Income Tax Circle-3, [Pan: Aabfc7715P] Srinagar. (Respondent) (Appellant)

disallowance of depreciation. The said addition therefore deserves to be deleted. 4. The Ld. CIT(appeals erred in upholding addition made on account of difference in depreciation. The said addition therefore, deserve to be deleted.” I.T.A. No.141/Asr/2020 3 Assessment Year: 1998-99 4. Brief fact of the case is that the assessment was completed U/s 143(3)/264

M/S. SAMARKAND ORIENTAL CARPETS,,SRINAGAR (KMR) vs. THE INCOME-TAX OFFICER, SRINAGAR

In the result, the assessee’s appeal is dismissed as withdrawn

Bench: Sh. Sanjay Arora & Sh. N. K. Choudhryi. T. A. No. 12/Asr/2014 Assessment Year: 2001-02

section 143(3) of the Income Tax Act, 1961 ('the Act' hereinafter) dated 31.03.2004 for Assessment Year (AY) 2001-02. 2. At the very outset, it was submitted by the ld. counsel for the assessee, Sh. Sehgal, that the assessee seeks permission to withdraw the instant appeal, placing the request for the same dated 28.03.2019 on record. Continuing further

SH. MANINDER SINGH CHEEMA,HOSHIARPUR vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, HOSHIARPUR

In the result, the assessee appeal is dismissed

Bench: Sh. Laliet Kumar & Dr. M. L. Meenai.T.A. No. 702/Asr/2013 Assessment Year: 2009-10

disallowance of Rs. 14,15,788/- confirmed by learned CIT(A) is uncalled for since Rs. 83,00,000/- were surrendered towards development cost of Kartar Estate Pvt. Ltd. It was submitted that this amount has to, be added in the trading account and would result in increased cost of saleable area of the year under consideration. 11. Per contra