M/S THE H.P. STATE CO-OPERATIVE BANK, BANIKHET BRANCH,CHAMBA vs. ITO (TDS), PALAMPUR

In the result all the appeals of the assessee are allowed for statistical purposes

Bench: Ms. Diva Singh & Dr. B.R.R.Kumar

TDS). 10. That even the software has wrongly deducted the tax on interest of saving accounts and term deposit accounts having interest paid less than Rs. 10000/- in the financial year. 11. That the AO has merely relied upon the audited balance-sheet and also the observation of the Auditor and has miserably failed to collect the factual position

M/S THE H.P. STATE CO-OPERATIVE BANK, DALHOUSIE BRANCH,CHAMBA vs. ITO (TDS), PALAMPUR

In the result all the appeals of the assessee are allowed for statistical purposes

Bench: Ms. Diva Singh & Dr. B.R.R.Kumar

TDS). 10. That even the software has wrongly deducted the tax on interest of saving accounts and term deposit accounts having interest paid less than Rs. 10000/- in the financial year. 11. That the AO has merely relied upon the audited balance-sheet and also the observation of the Auditor and has miserably failed to collect the factual position

S.P. SINGLA CONSTRUCTION PRIVATE LIMITED,DELHI vs. DEPUTY COMMISSIONER OF INCOME TAX, CHANDIGARH

In the result, the appeal is allowed

Bench: SHRI MAHAVIR SINGH (Vice President), SHRI KRINWANT SAHAY (Accountant Member)

TDS and proof of depositing the same was enclosed at assessee's Paper Book pages 1638- 1776. The ld. Counsel for the assessee stated that there are so many sub contractors and as per the alleged documents found from the premises of the Chartered Accountant Shri Gurinder Kumar Garg, the total parties are more than 150 which include the alleged

ACIT, CIRCLE 1(1), CHANDIGARH vs. M/S SML ISUZU LTD., CHANDIGARH

Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)

TDS particulars was wholly unjustified. [Para 7] As regards second ground for reopening the assessment, the dividend income received during the year was claimed as exempt and the same was accepted in the assessment order passed under section 143(3). The reason for reopening the assessment was that in the absence of particulars it could not be said that

DCIT, C-1 (EXEMPTIONS), CHANDIGARH vs. THE INSTITUTION OF CIVIL ENGINEERS SOCIETY, LUDHIANA

In the result, appeal of the Revenue is dismissed

TDS credit of 10,16,475/-. It should be noted that the receipt from appellant\nis only Rs.2.57 cr whereas that from Balaji Studies Consultants Pvt Ltd\n64,81,750/- Institution of Mechanical Engineers (India) is Rs.2,45,27,904/- and\nICE India 2,03,42,000/-.Apparently all are related to Exams and Students. This\ncan be assumed

SWATI INDUSTRIES D-74, PHASE-V FOCAL POINT, LUDHIANA,PUNJAB vs. THE DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-3, LUDHIANA , PUNJAB

In the result, the grounds of appeal of the department are dismissed and that of assessee are allowed

Bench: SHRI. RAJPAL YADAV (Vice President), SHRI. KRINWANT SAHAY, AM आयकर अपील सं. / ITA No. 216/Chd/2024 निर्धारण वर्ष / Assessment Year : 2019-20 Swati Industries D-74, Phase-V, Focal Point, Ludhiana, Punjab-141010 बनाम The DCIT Central Circle-3 Ludhiana, Punjab स्थायी लेखा सं./PAN NO: AADFS5870M अपीलार्थी/Appellant प्रत्यर्थी/Respondent आयकर अपील सं. / ITA No. 547/Chd/2024 निर्धारण वर्ष / Assessment Year : 2019-20 बनाम The DCIT Central Circle-3 Ludhiana, Punjab स्थायी लेखा सं./PAN NO: AADFS5870

section 115BBE. It was further argued by the ld. DR that the extrapolation for 12 months in respect of wages/salary paid to labourers have rightly been confirmed by the CIT(A). As regards, the deletion of addition on account of loose document and the cash credit in the name of Sh. Ashutosh Gupta, addition on account of commission

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 3, LUDHIANA, LUDHIANA vs. SWATI INDUSTRIES, PUNJAB

In the result, the grounds of appeal of the department are dismissed and that of assessee are allowed

Bench: SHRI. RAJPAL YADAV (Vice President), SHRI. KRINWANT SAHAY, AM आयकर अपील सं. / ITA No. 216/Chd/2024 निर्धारण वर्ष / Assessment Year : 2019-20 Swati Industries D-74, Phase-V, Focal Point, Ludhiana, Punjab-141010 बनाम The DCIT Central Circle-3 Ludhiana, Punjab स्थायी लेखा सं./PAN NO: AADFS5870M प्रत्यर्थी/Respondent अपीलार्थी/Appellant आयकर अपील सं. / ITA No. 547/Chd/2024 निर्धारण वर्ष / Assessment Year : 2019-20 बनाम The DCIT Central Circle-3 Ludhiana, Punjab स्थायी लेखा सं./PAN NO: AADFS5870

section 115BBE. It was further argued by the ld. DR that the extrapolation for 12 months in respect of wages/salary paid to labourers have rightly been confirmed by the CIT(A). As regards, the deletion of addition on account of loose document and the cash credit in the name of Sh. Ashutosh Gupta, addition on account of commission

AMAN THUKRAL,LUDHIANA vs. INCOME TAX OFFICER WARD 2(1), LUDHIANA , LUDHIANA

Accordingly, Additional Ground No. 1 is allowed for statistical

Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. KRINWANT SAHAY (Accountant Member)

TDS details in support of the commission payments. The identity of the payees and the fact 886-CHD-2024 29 that payments were made through banking channels after deduction of tax at source are not in dispute. Further, the corresponding sales generated through the agents have also been accepted by the department, and the books of account of the assessee