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4 results for “transfer pricing”+ Section 120(4)(b)clear

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Key Topics

Section 805Section 143(3)4Section 10A4Addition to Income4Section 753Section 2502Section 1482Section 372Section 144C(13)2

SATIA INDUSTRIES LIMITED,MUKTSAR, PUNJAB vs. DCIT, ACIT CIRCLE 1, BATHINDA

In the result, the appeal is partly allowed

ITA 527/ASR/2024[2020-21]Status: DisposedITAT Amritsar28 Feb 2025AY 2020-21

Bench: Shri Udayan Das Gupta & Shri Krinwant Sahayआयकरअपीलसं./Ita No. 527/Asr/2024 िनधा"रणवष" / Assessment Year : 2020-21

For Appellant: S/Shri Sudhir SehgalFor Respondent: Shri K. Mehboob Ali Khan, CIT DR
Section 143(2)Section 143(3)Section 144C(13)Section 144C(5)Section 80

4)(iv) of the Income Tax Act, 1961, in respect of Co- generation Unit 1, specifically for the supply of electricity and steam to its non-specified unit, the Paper Unit. 5.3 The assessee has adopted the Transaction Net Margin Method (TNMM) for determining the arm's length price for the transfer of power from the specified Co-generation Unit

Deduction2

SHRI NITIN AIMA,SHRINAGAR vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-3, SRINAGAR

The appeal of the assessee is dismissed

ITA 83/ASR/2020[2015-16]Status: DisposedITAT Amritsar27 Feb 2025AY 2015-16
Section 10ASection 143(3)Section 250Section 37Section 75Section 80

B.\"\n8.In view of the aforesaid categorical finding of the Hon'ble Supreme\nCourt in respect of the receipt by way of DDB, this Appellate\nAuthority does not get persuaded by the referred /cited decision of the\nHon'ble Tribunal at Jodhpur in the case of Makers Mart (Supra) to\nhold that the decision rendered in the case of Liberty

M/S CITI PLAZA,JALANDHAR vs. INCOME TAX OFFICER , WARD 3(1), JALANDHAR

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

ITA 356/ASR/2017[2006-07]Status: DisposedITAT Amritsar13 Sept 2023AY 2006-07

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

Section 147Section 148Section 250

120 ITR 14 (SC), heavily relied upon by assessee, holding that 'when it is left to the option or discretion of the ITO, whether or not to take an action, it cannot be described as direction". Various other binding judicial decisions relied upon by assessee, but not considered by the ld.CIT(A), also render his order as unsustainable. 3. That

MESERS GANESH RICE MILLS,MUKTSAR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-II, BATHINDA

In the result the appeal of the assessee ITA No

ITA 287/ASR/2018[2014-15]Status: DisposedITAT Amritsar15 Feb 2023AY 2014-15

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

For Appellant: Sh. Sudhir Sehgal, A. RFor Respondent: Sh. Rohit Mehra, CIT DR
Section 133ASection 143(3)Section 250(6)

120/- i.e after making an addition of Rs. 15,65,41,118/-by rejecting the audited books of accounts of the assessee. Appeal was filed before the ld. CIT(A) against the order of the AO. The ld. CIT(A) partly allowed the appeal. The addition was restricted amount to Rs. 15,54,20,000/- against the assessee. Being dissatisfied