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

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

192/- made by the A.O. on account of disallowance of exemption u/s 10B of the Income Tax Act claimed on income arising out of export incentives. 2. That Ld. CIT(A) has erred in facts as well as law by ignoring the findings of the TPO and holding that LIBOR rate should be applied on interest advanced to Associate Enterprises

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

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

192/- made by the A.O. on account of disallowance of exemption u/s 10B of the Income Tax Act claimed on income arising out of export incentives. 2. That Ld. CIT(A) has erred in facts as well as law by ignoring the findings of the TPO and holding that LIBOR rate should be applied on interest advanced to Associate Enterprises

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

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

192/- made by the A.O. on account of disallowance of exemption u/s 10B of the Income Tax Act claimed on income arising out of export incentives. 2. That Ld. CIT(A) has erred in facts as well as law by ignoring the findings of the TPO and holding that LIBOR rate should be applied on interest advanced to Associate Enterprises

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

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

192/- made by the A.O. on account of disallowance of exemption u/s 10B of the Income Tax Act claimed on income arising out of export incentives. 2. That Ld. CIT(A) has erred in facts as well as law by ignoring the findings of the TPO and holding that LIBOR rate should be applied on interest advanced to Associate Enterprises

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

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

192/- made by the A.O. on account of disallowance of exemption u/s 10B of the Income Tax Act claimed on income arising out of export incentives. 2. That Ld. CIT(A) has erred in facts as well as law by ignoring the findings of the TPO and holding that LIBOR rate should be applied on interest advanced to Associate Enterprises

SH. MANJIT KRISHAN MALHOTRA,ABOHAR vs. PR. COMMISSIONER OF INCME TAX , BATHINDA

The appeals of the assessee are disposed of in the terms indicated as above

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

192 ITR 0155 (SC) Manjit Krishan Malhotra v. Pr.CIT Legislation Referred to Sections 84, 84(7), 256 Case pertains to Asst. Year 1966-67 Decision in favour of: Revenue Reference—Scope of powers of High Court—High Court does not sit in appellate, revisionary or supervisory jurisdiction—Findings of fact recorded by Tribunal not to be interfered with unless based

SHRI. MANJIT KRISHAN MALHOTRA,ABOHAR vs. PRINCIPAL COMMISSIONER OF INCOME TAX, BATHINDA

The appeals of the assessee are disposed of in the terms indicated as above

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

192 ITR 0155 (SC) Manjit Krishan Malhotra v. Pr.CIT Legislation Referred to Sections 84, 84(7), 256 Case pertains to Asst. Year 1966-67 Decision in favour of: Revenue Reference—Scope of powers of High Court—High Court does not sit in appellate, revisionary or supervisory jurisdiction—Findings of fact recorded by Tribunal not to be interfered with unless based

ASSISTANT COMMISSIONER OF INCOME TAX (CENTRAL CIRCLE), JAMMU vs. ANITA KAPAHI, JAMMU

In the result, the appeal of the revenue is dismissed being devoid of merits

Bench: Sh. Udayan Dasgupta & Sh. Krinwant Sahay

price, ITO's estimate of excess receipt by assessee on sale of onions could not be affirmed Held, yes Whether, therefore, impugned addition made in assessee's income was to be set aside-Held, yes" (i) Addition u/s 69 The AO has made addition in the hands of assessee u/s 69 of the Income Tax Act, 1961. It shall