KARNAIL SINGH,UK vs. JCIT (OSD) INTL. TAXATION, CIRCLE, CHANDIGARH

In the result, all the appeals of the assessee stands allowed

1. That the notice issued under section 274 read with section 271(l)(c) of the Act initiating penalty proceedings against the appellant is vague, illegal and bad in law. 2. That, in view of the facts and circumstances of the case and in law, no valid satisfaction has been recorded by the Assessing Officer while completing the assessment proceedings

KARNAIL SINGH,UK vs. JCIT (OSD) INTL. TAXATION, CIRCLE, CHANDIGARH

In the result, all the appeals of the assessee stands allowed

1. That the notice issued under section 274 read with section 271(l)(c) of the Act initiating penalty proceedings against the appellant is vague, illegal and bad in law. 2. That, in view of the facts and circumstances of the case and in law, no valid satisfaction has been recorded by the Assessing Officer while completing the assessment proceedings

KARNAIL SINGH,UK vs. JCIT (OSD) INTL. TAXATION, CIRCLE, CHANDIGARH

In the result, all the appeals of the assessee stands allowed

1. That the notice issued under section 274 read with section 271(l)(c) of the Act initiating penalty proceedings against the appellant is vague, illegal and bad in law. 2. That, in view of the facts and circumstances of the case and in law, no valid satisfaction has been recorded by the Assessing Officer while completing the assessment proceedings

KARNAIL SINGH,UK vs. JCIT (OSD) INTL. TAXATION, CIRCLE, CHANDIGARH

In the result, all the appeals of the assessee stands allowed

1. That the notice issued under section 274 read with section 271(l)(c) of the Act initiating penalty proceedings against the appellant is vague, illegal and bad in law. 2. That, in view of the facts and circumstances of the case and in law, no valid satisfaction has been recorded by the Assessing Officer while completing the assessment proceedings

KARNAIL SINGH,UK vs. JCIT (OSD) INTL. TAXATION, CIRCLE, CHANDIGARH

In the result, all the appeals of the assessee stands allowed

1. That the notice issued under section 274 read with section 271(l)(c) of the Act initiating penalty proceedings against the appellant is vague, illegal and bad in law. 2. That, in view of the facts and circumstances of the case and in law, no valid satisfaction has been recorded by the Assessing Officer while completing the assessment proceedings

HEALTH BIOTECH LIMITED,CHANDIGARH vs. DEPUTY COMMISSIONER OF INCOME TAX,CIRCLE 1(1), CHANDIGARH

In the result, the appeal of the assessee is allowed

Bench: the disposal of the same.

271(1)(c) was invalid as the Assessing Officer had not specifically mentioned the limb under which the penalty was proposed to be imposed, namely concealment of income or furnishing inaccurate particulars of income. It was argued that the notice was vague and mechanical and, therefore, the entire penalty proceedings were vitiated. Reliance was placed on the decisions

SH. NITIN CHAUHAN ,SIRMOUR vs. ITO, WARD, NAHAN

In the result appeal of the Assessee is allowed

Bench: Shri N.K. Sainiassessment Year: 2008-09 Sh. Nitin Chauhan Vs. The Ito C/O Parikshit Aggarwal, Ward Chartered Accountant Nahan, Himachal Pradesh H.No. 1238, Sector-22B Chandigarh Pan No. Aeapc5728F

section 271(1)(c) of the Act. 5. Now the assessee is in appeal. 6. The Ld. Counsel for the Assessee submitted that the Assessing Officer while initiating the penalty proceeding was not sure as to whether there was concealment of income or furnishing of inaccurate particulars of income. He drew my attention towards the assessment order dt. 11/03/2015 wherein

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

SUBHASH CHANDER GUPTA, H.NO. 1652 8 VISHNU COLONY, RAILWAY ROAD, KURUKSHETRA,HARYANA vs. ITO WARD-3, KURUKSHETRA, HARYANA

In the result, both appeals of the assessee are

Bench: Shri Rajpal Yadav & Shri Krinwant Sahay

TDS liability on behalf of trust and amount of Rs. 4,42,520/- is outstanding against his name as it was paid to him in advance. Further, there is also a reference to various entries such as: Entry standings in the Balance Sheet as white amount: 1) Abhinav Gupta 17250/- 2) Arun Gupta 226056/- 3) Rama Gupta 675322/- 4) Subash

SUBHASH CHANDER GUPTA, H.NO. 16528 VISHNU COLONY, RALIWAY ROAD, KURUKSHETRA,HARYANA vs. JOINT COMMISSIONER OF INCOME TAX, KURUKSHETRA

In the result, both appeals of the assessee are

Bench: Shri Rajpal Yadav & Shri Krinwant Sahay

TDS liability on behalf of trust and amount of Rs. 4,42,520/- is outstanding against his name as it was paid to him in advance. Further, there is also a reference to various entries such as: Entry standings in the Balance Sheet as white amount: 1) Abhinav Gupta 17250/- 2) Arun Gupta 226056/- 3) Rama Gupta 675322/- 4) Subash

M/S HERITAGE MARKETING,CHANDIGARH vs. ITO, W-3(2), CHANDIGARH

In the result appeal of the assessee is allowed

Bench: Smt. Diva Singh & Ms. Annapurna Guptaassessment Year: 2013-14 M/S Heritage Marketing Vs. The Ito Sco-64, F.F., Sector-20-C Ward-3(2), Dakshin Marg, Chandigarh Chandigarh

TDS with certain parties. The AO made addition of the said gross receipt of Rs. 3,13,542/- holding that the assessee had failed to explain the said difference. Penalty proceedings under section 271(1

M/S STEEL STRIPS INFRASTRUCTURES LTD.,CHANDIGARH vs. ACIT, CC-II, CHANDIGARH

In the result, appeal of the Assessee is partly allowed

Bench: SHRI. RAJPAL YADAV (Vice President), SHRI. KRINWANT SAHAY, AM आयकर अपील सं. / ITA No. 732 /Chd/2018 निर्धारण वर्ष / Assessment Year : 2014-15 M/s Steel Strips Ltd. बनाम The Asst. CIT Central Circle-II Chandigarh SCO 49-50, Sector 26, Chandigarh स्थायी लेखा सं./PAN NO: AACCS5077J प्रत्यर्थी / Respondent अपीलार्थी/Appellant निर्धारिती की ओर से / Assessee by : Shri Ashwani Kumar, C.A, Ms. Muska Garg, C.A राजस्व की ओर से / Revenue by : Shri Ved Parkash Kalia, Sr. DR सुनवाई की तारीख/ Date of Hea

TDS was deducted on the advance payment. Further, the AO held that since the amount was shown as "Loans and Advances" in the balance sheet and the assessee was not engaged in money lending business, the amount was in the nature of capital expenditure and hence not allowable under Section 37(1). The AO distinguished the judicial precedents cited

MR. SURINDER PAL SINGH,BALTANA vs. ITO, W-6(4), MOHALI

In the result appeal of the assessee is allowed

Bench: Ms. Diva Singh

section 271(1)(c) challenged in ITA No. 250/Chd/2018 submitted that for the contract receipts of Rs. 1,06,50,417/-, TDS

MR. SURINDER PAL SINGH,BALTANA vs. ITO, W-6(4), MOHALI

In the result appeal of the assessee is allowed

Bench: Ms. Diva Singh

section 271(1)(c) challenged in ITA No. 250/Chd/2018 submitted that for the contract receipts of Rs. 1,06,50,417/-, TDS

THE ASSISTANT EXCISE & TAXATION COMMISSIONER ,NAHAN vs. ADDL. CIT, RANGE, SHIMLA

In the result, all four appeals filed by the assessee are allowed

Bench: Smt. Diva Singh & Shri Vikram Singh Yadavआयकरअपीलसं./Ita No.903 /Chd/2019 "नधा"रण वष" / Assessment Year :2007-08 The Assistant Excise & बनाम The Additional Cit, Taxation Commissioner, Tds Range, Nahan Shimla "थायीलेखासं./Pan/Tan No: Ptla12468B अपीलाथ"/Appellant ""यथ"/Respondent

271(1)(c) of the Income Tax Act, 1961 on the ground that the issue of deduction under Section 14A of the Act was a debatable issue. We may also note that against the quantum assessment where under deduction under Section 14A of the Act was prescribed to the assessee, the assessee has preferred an appeal in this Court under

THE ASSISTANT EXCISE & TAXATION COMMISSIONER ,SHIMLA vs. ADDL. CIT, RANGE, SHIMLA

In the result, all four appeals filed by the assessee are allowed

Bench: Smt. Diva Singh & Shri Vikram Singh Yadavआयकरअपीलसं./Ita No.903 /Chd/2019 "नधा"रण वष" / Assessment Year :2007-08 The Assistant Excise & बनाम The Additional Cit, Taxation Commissioner, Tds Range, Nahan Shimla "थायीलेखासं./Pan/Tan No: Ptla12468B अपीलाथ"/Appellant ""यथ"/Respondent

271(1)(c) of the Income Tax Act, 1961 on the ground that the issue of deduction under Section 14A of the Act was a debatable issue. We may also note that against the quantum assessment where under deduction under Section 14A of the Act was prescribed to the assessee, the assessee has preferred an appeal in this Court under

THE ASSISTANT EXCISE & TAXATION COMMISSIONER ,NAHAN vs. ADDL. CIT, RANGE, SHIMLA

In the result, all four appeals filed by the assessee are allowed

Bench: Smt. Diva Singh & Shri Vikram Singh Yadavआयकरअपीलसं./Ita No.903 /Chd/2019 "नधा"रण वष" / Assessment Year :2007-08 The Assistant Excise & बनाम The Additional Cit, Taxation Commissioner, Tds Range, Nahan Shimla "थायीलेखासं./Pan/Tan No: Ptla12468B अपीलाथ"/Appellant ""यथ"/Respondent

271(1)(c) of the Income Tax Act, 1961 on the ground that the issue of deduction under Section 14A of the Act was a debatable issue. We may also note that against the quantum assessment where under deduction under Section 14A of the Act was prescribed to the assessee, the assessee has preferred an appeal in this Court under

THE ASSISTANT EXCISE & TAXATION COMMISSIONER ,SHIMLA vs. ADDL. CIT, RANGE, SHIMLA

In the result, all four appeals filed by the assessee are allowed

Bench: Smt. Diva Singh & Shri Vikram Singh Yadavआयकरअपीलसं./Ita No.903 /Chd/2019 "नधा"रण वष" / Assessment Year :2007-08 The Assistant Excise & बनाम The Additional Cit, Taxation Commissioner, Tds Range, Nahan Shimla "थायीलेखासं./Pan/Tan No: Ptla12468B अपीलाथ"/Appellant ""यथ"/Respondent

271(1)(c) of the Income Tax Act, 1961 on the ground that the issue of deduction under Section 14A of the Act was a debatable issue. We may also note that against the quantum assessment where under deduction under Section 14A of the Act was prescribed to the assessee, the assessee has preferred an appeal in this Court under