SHRIMATI MEERA AGGARWAL,JALANDHAR vs. ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE- 2, JALANDHAR

Bench: Shri L. P. Sahu & Shri Ravish Sood

Section 68 of the Act. Therefore, on this count itself the impugned addition Rs.2,35,000/- deserves to be deleted. We thus ‘set aside’ the order of the CIT(A) and delete the addition of Rs.2,35,000/- sustained by him under Sec.68 of the Act. As we have quashed the addition of Rs. 2,35,000/- that

SHRI NASIR AHMED RANGSHU,ANANTNAG vs. ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1, SRINAGAR

In the result, the appeal of the assessee is dismissed

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

1) The statement of the assessee differed during the Investigation and the assessment proceedings. (2) There was no requirement to carry funds in the form of cash from Srinagar to Delhi. (3) The AO further observed that the assessee might have acquired the said funds from his undisclosed income/sources. (4) During pre-investigation stage, the assessee in his statement

INCOME TAX OFFICER, FEROZEPUR vs. UNIVERSAL BIOMASS ENERGY PVT LTD, GURUHARSAHAI

In the result, the appeal of the Revenue is dismissed

Bench: Sh. Udayan Dasgupta & Sh. Brajesh Kumar Singh

1), there is no reason to deny the same in the order passed u/s 154, without adducing any proper reason to undertake the same. Therefore, the JAO is directed to allow the deduction under Chapter VIA of Rs.4,17,68,024/- and determine the liability to tax under the MAT provisions of the Act. 7. Now, the Revenue

THE DHAMAI COOPERATIVE AGRICULTURE SERVICE SOCIETY LIMITED,HOSHIARPUR vs. INCOME TAX OFFICER , HOSHIARPUR

In the result, the appeals filed by the appellant are allowed and the order(s) of the Kerala High Court and other authorities to the contrary are set aside

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjeei.T.A. No.273/Asr/2023 Assessment Year: 2017-18

68,544/- Thus, it is clear that the assessee has parked its surplus/idle funds with the aforesaid banks and is earning huge interest income on FDRs. The assessee has claimed its entire income as deduction under section 80P of the Income-tax Act, 1961. Vide Notice under section 142(1) of the Income-tax Act, 1961 issued

MESERS SHREE BHAGWATI COTTON TRADERS,BATHINDA vs. INCOME TAX OFFICER,WARD 1 (2), BATHINDA

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

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

68 on account of unexplained credit in the books of account without appreciating that the primary onus of proving capacity of the creditor as well as genuineness of the transaction was not discharged by the assessee.” I.T.A. No. 479/Asr/2018 5 &I.T.A. No. 480/Asr/2018 4. Brief fact of the case is that both appeal of the assessee and the revenue

INCOME TAX OFFICER,WARD 1 (2), BATHINDA vs. MESERS SHREE BHAGWATI COTTON TRADERS ,, BATHINDA

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

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

68 on account of unexplained credit in the books of account without appreciating that the primary onus of proving capacity of the creditor as well as genuineness of the transaction was not discharged by the assessee.” I.T.A. No. 479/Asr/2018 5 &I.T.A. No. 480/Asr/2018 4. Brief fact of the case is that both appeal of the assessee and the revenue

SHRI DARPAN JAIN,JALANDHAR vs. INCOME TAX WARD - 1(1), JALANDHAR

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

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

1) Rs. 25 lacs by cheque no. 820546 debited on 15.12.2011 (2) Rs. 27 lacs by cheque no. 620547 debited on 26.11.2011 7 Darpan Jain v. ITO In support, the ld. AR placed reliance on the Hon’ble Punjab & Haryana High Court in the case of Pr. CIT v. Talbros Engineering Ltd. [2016] 386 ITR 154

INCOME TAX OFFICER, WARD-1, FARIDKOT, BSNL BUILDING vs. M/S VOHRA SOLVEX PVT. LTD, SADIQ ROAD

In the result, C.O. filed by the assessee is allowed

Bench: Sh. Udayan Dasgupta & Sh. Krinwant Sahay

section 68 solely on basis of information received from Investigation Wing that lenders from whom assessee-company acquired loans were indulged in bogus accommodation entries, since assessee was not granted an opportunity to cross-examine persons whose statements were recorded during Investigation, Impugned addition made on basis of such investigation which was not privy to assessee were

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

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

1) of the Act. 6.6 Ld CIT-DR further argued & referred the order of Hon’ble Delhi High Court in case of CIT, Circle-3 vs. Kabul Chawla (2015) 61 taxman.com 412(Del):- I.T.A. Nos. 436 & 437/Asr/2018 20 & Others Group of cases “37. iv. Although Section 153 A does not say that additions should be strictly made

SHRI ARUN NARULA,AMRITAR vs. DEPUTY COMMISSIONER OF INCOME TAX,CENTRAL CIRCLE, AMRITSAR

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

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

1) of the Act. 6.6 Ld CIT-DR further argued & referred the order of Hon’ble Delhi High Court in case of CIT, Circle-3 vs. Kabul Chawla (2015) 61 taxman.com 412(Del):- I.T.A. Nos. 436 & 437/Asr/2018 20 & Others Group of cases “37. iv. Although Section 153 A does not say that additions should be strictly made

SHRI.RAVI NARULA,FEROZPUR vs. DEPUTY.COMMISSINER OF INCOME TAX CENTRAL CIRCLE , AMRITSAR

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

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

1) of the Act. 6.6 Ld CIT-DR further argued & referred the order of Hon’ble Delhi High Court in case of CIT, Circle-3 vs. Kabul Chawla (2015) 61 taxman.com 412(Del):- I.T.A. Nos. 436 & 437/Asr/2018 20 & Others Group of cases “37. iv. Although Section 153 A does not say that additions should be strictly made

SHRI RAVI NARULA ,FEROZPUR vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE , AMRITSAR

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

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

1) of the Act. 6.6 Ld CIT-DR further argued & referred the order of Hon’ble Delhi High Court in case of CIT, Circle-3 vs. Kabul Chawla (2015) 61 taxman.com 412(Del):- I.T.A. Nos. 436 & 437/Asr/2018 20 & Others Group of cases “37. iv. Although Section 153 A does not say that additions should be strictly made

SHRI RAVI NARULA,FEROZEPUR vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE, AMRITSAR

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

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

1) of the Act. 6.6 Ld CIT-DR further argued & referred the order of Hon’ble Delhi High Court in case of CIT, Circle-3 vs. Kabul Chawla (2015) 61 taxman.com 412(Del):- I.T.A. Nos. 436 & 437/Asr/2018 20 & Others Group of cases “37. iv. Although Section 153 A does not say that additions should be strictly made

SMT.ADEEKSHA NARULA,AMRITASR vs. DY.COMMISSIONER OF INCOME TAX , AMRITSAR

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

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

1) of the Act. 6.6 Ld CIT-DR further argued & referred the order of Hon’ble Delhi High Court in case of CIT, Circle-3 vs. Kabul Chawla (2015) 61 taxman.com 412(Del):- I.T.A. Nos. 436 & 437/Asr/2018 20 & Others Group of cases “37. iv. Although Section 153 A does not say that additions should be strictly made

SH.RAVI NARULA ,FEROZPUR vs. DY. COMMISSIONER OF INCOME TAX, AMRITSAR

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

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

1) of the Act. 6.6 Ld CIT-DR further argued & referred the order of Hon’ble Delhi High Court in case of CIT, Circle-3 vs. Kabul Chawla (2015) 61 taxman.com 412(Del):- I.T.A. Nos. 436 & 437/Asr/2018 20 & Others Group of cases “37. iv. Although Section 153 A does not say that additions should be strictly made

SHRI. RAHUL MITTAL,FEROZEPUR CANTT vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1, JALANDHAR

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

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

1) of the Act. 6.6 Ld CIT-DR further argued & referred the order of Hon’ble Delhi High Court in case of CIT, Circle-3 vs. Kabul Chawla (2015) 61 taxman.com 412(Del):- I.T.A. Nos. 436 & 437/Asr/2018 20 & Others Group of cases “37. iv. Although Section 153 A does not say that additions should be strictly made

SHRI MATI SONALI 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

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

1) of the Act. 6.6 Ld CIT-DR further argued & referred the order of Hon’ble Delhi High Court in case of CIT, Circle-3 vs. Kabul Chawla (2015) 61 taxman.com 412(Del):- I.T.A. Nos. 436 & 437/Asr/2018 20 & Others Group of cases “37. iv. Although Section 153 A does not say that additions should be strictly made

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

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

1) of the Act. 6.6 Ld CIT-DR further argued & referred the order of Hon’ble Delhi High Court in case of CIT, Circle-3 vs. Kabul Chawla (2015) 61 taxman.com 412(Del):- I.T.A. Nos. 436 & 437/Asr/2018 20 & Others Group of cases “37. iv. Although Section 153 A does not say that additions should be strictly made

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

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

1) of the Act. 6.6 Ld CIT-DR further argued & referred the order of Hon’ble Delhi High Court in case of CIT, Circle-3 vs. Kabul Chawla (2015) 61 taxman.com 412(Del):- I.T.A. Nos. 436 & 437/Asr/2018 20 & Others Group of cases “37. iv. Although Section 153 A does not say that additions should be strictly made