THE ASSISTANT COMMISSIONER OF INCOME TAX, JALANDHAR vs. M/S BROADWAYS OVERSEAS LTD, JALANDHAR

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

d) ignoring the ratio laid down by the Hon'ble Delhi High Court in the case of Pr. CIT Vs. Kusum Health Care Pvt. Ltd., wherein it has been held that when Assessee has already factored in the impact of the receivables on the working capital and thereby on its 8 I.T.A. Nos. 477 & CO 32/Asr/2015 & Ors Asstt

THE ASSTT. COMMISSIONER OF INCOME TAX, JALANDHAR vs. M/S BROADWAYS OVERSEAS LTD, JALANDHAR

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

d) ignoring the ratio laid down by the Hon'ble Delhi High Court in the case of Pr. CIT Vs. Kusum Health Care Pvt. Ltd., wherein it has been held that when Assessee has already factored in the impact of the receivables on the working capital and thereby on its 8 I.T.A. Nos. 477 & CO 32/Asr/2015 & Ors Asstt

THE ASSTT. COMMISSIONER OF INCOME TAX, JALANDHAR vs. M/S BROADWAY OVERSEAS LTD., JALANDHAR

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

d) ignoring the ratio laid down by the Hon'ble Delhi High Court in the case of Pr. CIT Vs. Kusum Health Care Pvt. Ltd., wherein it has been held that when Assessee has already factored in the impact of the receivables on the working capital and thereby on its 8 I.T.A. Nos. 477 & CO 32/Asr/2015 & Ors Asstt

THE ASSTT. COMMISSIONER OF INCOME TAX, JALANDHAR vs. M/S BROADWAY OVERSEAS LTD., JALANDHAR

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

d) ignoring the ratio laid down by the Hon'ble Delhi High Court in the case of Pr. CIT Vs. Kusum Health Care Pvt. Ltd., wherein it has been held that when Assessee has already factored in the impact of the receivables on the working capital and thereby on its 8 I.T.A. Nos. 477 & CO 32/Asr/2015 & Ors Asstt

THE ASSTT. COMMISSIONER OF INCOME TAX, JALANDHAR vs. M/S BROADWAY OVERSEAS LTD., JALANDHAR

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

d) ignoring the ratio laid down by the Hon'ble Delhi High Court in the case of Pr. CIT Vs. Kusum Health Care Pvt. Ltd., wherein it has been held that when Assessee has already factored in the impact of the receivables on the working capital and thereby on its 8 I.T.A. Nos. 477 & CO 32/Asr/2015 & Ors Asstt

BRODAWAYS OVERSEAS LIMITED,JALANDHAR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1, JALANDHAR

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

d) ignoring the ratio laid down by the Hon'ble Delhi High Court in the case of Pr. CIT Vs. Kusum Health Care Pvt. Ltd., wherein it has been held that when Assessee has already factored in the impact of the receivables on the working capital and thereby on its 8 I.T.A. Nos. 477 & CO 32/Asr/2015 & Ors Asstt

THE ASSTT. COMMISSIONER OF INCOME TAX, JALANDHAR vs. M/S BROADWAY OVERSEAS LTD., JALANDHAR

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

d) ignoring the ratio laid down by the Hon'ble Delhi High Court in the case of Pr. CIT Vs. Kusum Health Care Pvt. Ltd., wherein it has been held that when Assessee has already factored in the impact of the receivables on the working capital and thereby on its 8 I.T.A. Nos. 477 & CO 32/Asr/2015 & Ors Asstt

M/S. SATIA INDUSTRIES LIMITED,MUKTSAR vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1, BATHINDA

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

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

transfer pricing issues in the case of any person having international transactions or in case of a foreign company. It has been provided under sub-section (8) of section 144C that DRP may confirm, reduce or enhance the variations proposed in the draft order of the Assessing Officer. I.T.A. No.193/Asr/2022 36 Assessment Year: 2018-19 In a recent judgement

SATIA INDUSTRIES LIMITED,MUKTSAR vs. DCIT/ACIT CIRCLE I, BATHINDA, BATHINDA

In the result, the appeal of the assessee is partly allowed

Bench: Dr. M. L. Meena & Sh. Udayan Dasgupta

1,67,11,295/, as the AD has already made an addition in respect of the difference in sales of power and steam separately, amounting to Rs. 6,66,54,028/-. 8. That the Assessing Officer (AO) has erred in confirming the disallowance to the extent of Rs. 51,74,713/- on the ground that the underlying expenditure

POONAM MARWAHA,AMRITSAR vs. ACIT DCIT CEN CIR, AMRITSAR

In the result, the appeal filed by assessee is allowed

13,86,384/- as per the working given below: -\nValue of Excess Stock\nTax as per section 115BBE [1777416*60%*1.25*1.04]\nTax paid by the appellant on income of Rs. 50L surrendered in return of income [50L*30%*1.04]\nTax Payable\n17,77,416/-\n13,86,384/-\n15,60,000/-\nNIL\n22.\nThat before invoking the provisions of section

INCOME TAX OFFICER, INCOME TAX OFFICE vs. VIKAS MEHRA, THE MALL

In the result, the appeal filed by the revenue is dismissed being devoid of

Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta

D. R. Date of Hearing : 23.07.2025 Date of Pronouncement : 07.08.2025 ORDER Per Udayan Dasgupta, J.M.: This appeal is filed by the Revenue against the order of the ld. CIT(A) NFAC, Delhi dated 11.08.2023 passed u/s 250 of the Income Tax Act, 1961 which has emanated from the order of the AO, Ward 5(4), Amritsar passed

SMT. SATYAWATI MARWAHA THROUGH LEGAL HEIR SH. CHANDER SHEIKHAR MARWAHA,JALANDHAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, JALANDHAR

In the result, the appeal for Asstt

Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta

D-Mat statement etc. and there is nothing to pinpoint anything against the assessees., High court held that where assessee earned LTCG on sale of shares and AO denied said claim and made additions under section 68 on ground that assessee invested in shares of penny stock companies which provided bogus LTCG, since assessee failed to establish genuineness of rise

SMT. SATYAWATI MARWAHA THROUGH LEGAL HEIR SH, CHANDER SHEIKHAR MARWAHA,JALANDHAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, JALANDHAR

In the result, the appeal for Asstt

Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta

D-Mat statement etc. and there is nothing to pinpoint anything against the assessees., High court held that where assessee earned LTCG on sale of shares and AO denied said claim and made additions under section 68 on ground that assessee invested in shares of penny stock companies which provided bogus LTCG, since assessee failed to establish genuineness of rise

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

In the result the appeal of the assessee ITA No

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

transferred to the following concerns during the year itself on various dates- S.S. Enterprises, JalalabadRs.3,62,93,300/- Narinder Joson& Co., JalalabadRs.6,11,56,000/- Amrinder& Sons, Jalalabad Rs. 2,00,00,000/- Gurkirat Enterprises, Jalalabad Rs. 2,00,00,000/- Nawab Trading Rs. 1,07,06,700/- Josan Food Pvt. Ltd., Rs. 2,00,00,000/-” The ld. Counsel