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142 results for “disallowance”+ Set Off of Lossesclear

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Key Topics

Section 153A90Addition to Income84Disallowance55Section 143(3)46Section 3642Deduction38Section 14434Section 25029Section 250(6)29Section 80I

DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE, AMRITSAR vs. SHRI BHUPINDER SINGH. M/S NOVELTY SWEETS, AMRITSAR

In the result, the appeal filed by the revenue is dismissed

ITA 196/ASR/2022[2019-20]Status: DisposedITAT Amritsar07 Jul 2023AY 2019-20

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

Section 145(3)

disallow such business loss with the surrendered income and the new section is applicable from assessment year 2022-23 onward and not for the year under consideration and accordingly, for assessment year 2019-20 under consideration, the business loss could be set

ISHAR INFRASTRUCTURE DEVELPOPERS PRIVATE LIMITED,BATHINDA vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1, BATHINDA

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

ITA 686/ASR/2024[2022-23]Status: DisposedITAT Amritsar28 Aug 2025AY 2022-23

Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta(Hybrid Hearing) I.T.A. No. 686/Asr/2024 Assessment Year: 2022-23

Showing 1–20 of 142 · Page 1 of 8

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27
Section 26325
Natural Justice25
Section 139(1)Section 143(1)Section 250Section 32(2)Section 72Section 72(3)

set-off of brought forward business losses ( other than speculative losses ) amounting to Rs.1.25 crore u/s 72, and unabsorbed depreciation, brought forward claimed u/s 32(2) of the Act 61. 4.1 The AO, CPC, Bengaluru disallowed

THE DY.COMMISSIONER OF INCOME-TAX, JAMMU vs. M/S FILL INDUSTRIES,, SRINAGAR

In the result appeal of the assessee ground no 4 to 4

ITA 290/ASR/2015[2003-04]Status: DisposedITAT Amritsar24 Feb 2023AY 2003-04

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

Section 143(3)Section 250Section 32Section 43(1)Section 80I

setting up of cold storages and is not a reimbursement to meet the cost of asset acquired by the appellant company, as has been wrongly alleged by learned AO and learned CIT (A) and thus, the disallowance so made should have been deleted. 1.2 That the learned Commissioner of Income Tax (Appeals) has further erred in sustaining the aforesaid disallowance

M/S FIL INDUSTRIES LTD,SRINAGAR vs. THE ADDL. COMMISSIONER OF INCOME TAX, SRINAGAR

In the result appeal of the assessee ground no 4 to 4

ITA 255/ASR/2015[2008-09]Status: DisposedITAT Amritsar24 Feb 2023AY 2008-09

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

Section 143(3)Section 250Section 32Section 43(1)Section 80I

setting up of cold storages and is not a reimbursement to meet the cost of asset acquired by the appellant company, as has been wrongly alleged by learned AO and learned CIT (A) and thus, the disallowance so made should have been deleted. 1.2 That the learned Commissioner of Income Tax (Appeals) has further erred in sustaining the aforesaid disallowance

M/S FIL INDUSTRIES LTD,SRINAGAR vs. THE DY COMMISSIONER OF INCOME TAX, SRINAGAR

In the result appeal of the assessee ground no 4 to 4

ITA 417/ASR/2015[2010-11]Status: DisposedITAT Amritsar24 Feb 2023AY 2010-11

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

Section 143(3)Section 250Section 32Section 43(1)Section 80I

setting up of cold storages and is not a reimbursement to meet the cost of asset acquired by the appellant company, as has been wrongly alleged by learned AO and learned CIT (A) and thus, the disallowance so made should have been deleted. 1.2 That the learned Commissioner of Income Tax (Appeals) has further erred in sustaining the aforesaid disallowance

THE DY.COMMISSIONER OF INCOME-TAX, JAMMU vs. M/S FILL INDUSTRIES,, SRINAGAR

In the result appeal of the assessee ground no 4 to 4

ITA 291/ASR/2015[2004-05]Status: DisposedITAT Amritsar24 Feb 2023AY 2004-05

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

Section 143(3)Section 250Section 32Section 43(1)Section 80I

setting up of cold storages and is not a reimbursement to meet the cost of asset acquired by the appellant company, as has been wrongly alleged by learned AO and learned CIT (A) and thus, the disallowance so made should have been deleted. 1.2 That the learned Commissioner of Income Tax (Appeals) has further erred in sustaining the aforesaid disallowance

THE DY. COMMISSIONER OF INCOME TAX, JAMMU vs. M/S. FIL INDUSTRIES LTD, SRINAGAR

In the result appeal of the assessee ground no 4 to 4

ITA 470/ASR/2015[2009-10]Status: DisposedITAT Amritsar24 Feb 2023AY 2009-10

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

Section 143(3)Section 250Section 32Section 43(1)Section 80I

setting up of cold storages and is not a reimbursement to meet the cost of asset acquired by the appellant company, as has been wrongly alleged by learned AO and learned CIT (A) and thus, the disallowance so made should have been deleted. 1.2 That the learned Commissioner of Income Tax (Appeals) has further erred in sustaining the aforesaid disallowance

THE DY. COMMISSIONER OF INCOME TAX, JAMMU vs. M/S. FIL INDUSTRIES LTD, SRINAGAR

In the result appeal of the assessee ground no 4 to 4

ITA 471/ASR/2015[2010-11]Status: DisposedITAT Amritsar24 Feb 2023AY 2010-11

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

Section 143(3)Section 250Section 32Section 43(1)Section 80I

setting up of cold storages and is not a reimbursement to meet the cost of asset acquired by the appellant company, as has been wrongly alleged by learned AO and learned CIT (A) and thus, the disallowance so made should have been deleted. 1.2 That the learned Commissioner of Income Tax (Appeals) has further erred in sustaining the aforesaid disallowance

THE DY.COMMISSIONER OF INCOME-TAX, JAMMU vs. M/S FIL INDUSTRIES,, SRINAGAR

In the result appeal of the assessee ground no 4 to 4

ITA 293/ASR/2015[2007-08]Status: DisposedITAT Amritsar24 Feb 2023AY 2007-08

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

Section 143(3)Section 250Section 32Section 43(1)Section 80I

setting up of cold storages and is not a reimbursement to meet the cost of asset acquired by the appellant company, as has been wrongly alleged by learned AO and learned CIT (A) and thus, the disallowance so made should have been deleted. 1.2 That the learned Commissioner of Income Tax (Appeals) has further erred in sustaining the aforesaid disallowance

THE DY.COMMISSIONER OF INCOME-TAX, JAMMU vs. M/S FIL INDUSTRIES,, SRINAGAR

In the result appeal of the assessee ground no 4 to 4

ITA 294/ASR/2015[2008-09]Status: DisposedITAT Amritsar24 Feb 2023AY 2008-09

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

Section 143(3)Section 250Section 32Section 43(1)Section 80I

setting up of cold storages and is not a reimbursement to meet the cost of asset acquired by the appellant company, as has been wrongly alleged by learned AO and learned CIT (A) and thus, the disallowance so made should have been deleted. 1.2 That the learned Commissioner of Income Tax (Appeals) has further erred in sustaining the aforesaid disallowance

THE DY.COMMISSIONER OF INCOME-TAX, JAMMU vs. M/S FIL INDUSTRIES,, SRINAGAR

In the result appeal of the assessee ground no 4 to 4

ITA 292/ASR/2015[2006-07]Status: DisposedITAT Amritsar24 Feb 2023AY 2006-07

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

Section 143(3)Section 250Section 32Section 43(1)Section 80I

setting up of cold storages and is not a reimbursement to meet the cost of asset acquired by the appellant company, as has been wrongly alleged by learned AO and learned CIT (A) and thus, the disallowance so made should have been deleted. 1.2 That the learned Commissioner of Income Tax (Appeals) has further erred in sustaining the aforesaid disallowance

THE DY.COMMISSIONER OF INCOME-TAX, JAMMU vs. M/S FILL INDUSTRIES,, SRINAGAR

In the result appeal of the assessee ground no 4 to 4

ITA 289/ASR/2015[2002-03]Status: DisposedITAT Amritsar24 Feb 2023AY 2002-03

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

Section 143(3)Section 250Section 32Section 43(1)Section 80I

setting up of cold storages and is not a reimbursement to meet the cost of asset acquired by the appellant company, as has been wrongly alleged by learned AO and learned CIT (A) and thus, the disallowance so made should have been deleted. 1.2 That the learned Commissioner of Income Tax (Appeals) has further erred in sustaining the aforesaid disallowance

MESRES ATHOULA CO-OP AGRICULTURE MULTIPURPOSE SERVICE SOCIETY LTD,JALANDHAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-4, JALANDHAR

In the result, both the appeal filed by the assessee are dismissed

ITA 132/ASR/2018[2014-15]Status: DisposedITAT Amritsar02 Mar 2022AY 2014-15

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

For Appellant: NoneFor Respondent: Sh. Satbir Singh, Sr. DR
Section 271Section 80P(1)Section 80P(2)(a)

disallowance are endorsed by the Ld CIT(A). Case law referred : CIT Vs Kudu Industries ITA No. 388 of 2014 (0&M)(P&H) which followed the decision of CIT Vs Abhishek Industries [2006] 286 ITR 1 (P&H). 6. The Ld CIT(A) erred in not setting aside the bifurcation of balance sheet of the assessee (duly audited

M/S ATHOULA CO-OP AGRICLUTURE MULTIPURPOSE SERVICE SOCIETY LTD,JALANDHAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-4, JALANDHAR

In the result, both the appeal filed by the assessee are dismissed

ITA 133/ASR/2018[2015-16]Status: DisposedITAT Amritsar02 Mar 2022AY 2015-16

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

For Appellant: NoneFor Respondent: Sh. Satbir Singh, Sr. DR
Section 271Section 80P(1)Section 80P(2)(a)

disallowance are endorsed by the Ld CIT(A). Case law referred : CIT Vs Kudu Industries ITA No. 388 of 2014 (0&M)(P&H) which followed the decision of CIT Vs Abhishek Industries [2006] 286 ITR 1 (P&H). 6. The Ld CIT(A) erred in not setting aside the bifurcation of balance sheet of the assessee (duly audited

GURU NANAK MILK PRODUCTS ,FEROZEPUR vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1, JALANDHAR

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

ITA 132/ASR/2022[2016-17]Status: DisposedITAT Amritsar09 Nov 2023AY 2016-17

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

Section 132Section 133Section 143(1)Section 143(3)Section 153BSection 153CSection 250(6)

set off of the losses, in this regard it is stated that in AY 2012-13, 2013-14 and AY 2014-15, losses were there for the reason that assessee claimed interest expense as claimed in the current year also and these interest expense were disallowed

SHRI GAGANDEEP GARG. PROP,BATHINDA vs. PRINCIPAL COMMISSIONER OF INCOME TAX -1, AMRITSAR

In the result, the appeal of the assessee is allowed

ITA 39/ASR/2021[2015-16]Status: DisposedITAT Amritsar07 Jun 2023AY 2015-16

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

Section 263

setting aside original order inspite the fact that he has not controverted the submissions of the assessee that high sea sales is not speculative transaction and therefore there can be no disallowance of loss

SHRI RAGHAV AGGARWAL,JAMMU vs. INCOME TAX OFFICER WARD-1 (2), JAMMU

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

ITA 568/ASR/2019[2014-15]Status: DisposedITAT Amritsar02 Mar 2023AY 2014-15

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

Section 143(3)Section 250Section 43(5)

disallowed and added to income of the assessee. The assessee can claim the actual loss on committee in the next assessment year when the loss could be ascertained after the completion of committee. Penalty proceedings u/s 271(1)(c) for furnishing of inaccurate particulars of its income are being initiated separately.” 5. We heard the rival submission and relied

M/S. PINKU BATRA ,JALANDHAR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-II, JALANDHAR

In the result, the particular issue u/s 153C of the Act related in ITA

ITA 322/ASR/2017[2009-10]Status: DisposedITAT Amritsar11 Aug 2022AY 2009-10

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

Section 144Section 153A

disallowed the expenses of loss on sale of car . 5. That the appellant craves the leave to add, modify, amend or delete any of the grounds of appeal at the time of hearing and all the above grounds are without prejudice to each other.” 8.1 Also the assessee filed an additional ground during the hearing on the date 03.12.2021 before

M/S. PINKU BATRA ,JALANDHAR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-II, JALANDHAR

In the result, the particular issue u/s 153C of the Act related in ITA

ITA 323/ASR/2017[2010-11]Status: DisposedITAT Amritsar11 Aug 2022AY 2010-11

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

Section 144Section 153A

disallowed the expenses of loss on sale of car . 5. That the appellant craves the leave to add, modify, amend or delete any of the grounds of appeal at the time of hearing and all the above grounds are without prejudice to each other.” 8.1 Also the assessee filed an additional ground during the hearing on the date 03.12.2021 before

M/S. PINKU BATRA ,JALANDHAR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-II, JALANDHAR

In the result, the particular issue u/s 153C of the Act related in ITA

ITA 324/ASR/2017[2011-12]Status: DisposedITAT Amritsar11 Aug 2022AY 2011-12

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

Section 144Section 153A

disallowed the expenses of loss on sale of car . 5. That the appellant craves the leave to add, modify, amend or delete any of the grounds of appeal at the time of hearing and all the above grounds are without prejudice to each other.” 8.1 Also the assessee filed an additional ground during the hearing on the date 03.12.2021 before