M/S STYLAM INDUSTRIES LTD.,CHANDIGARH vs. DCIT, C-1(1), CHANDIGARH

In the result, the Department’s appeal in for assessment year

Bench: SHRI A.D.JAIN (Vice President), SHRI VIKRAM SINGH YADAV (Accountant Member)

TDS ignoring the detailed finding of the assessing officer that as per section 5 and section 9 of the Act the income is deemed to accrue or arise in India even if the services by the commission agents have been rendered abroad. Further since the right to receive the commission arises in India, the income of such commission agents

DCIT, C-1(1), CHANDIGARH vs. M/S STYLAM INDUSTRIES LTD., CHANDIGARH

In the result, the Department’s appeal in for assessment year

Bench: SHRI A.D.JAIN (Vice President), SHRI VIKRAM SINGH YADAV (Accountant Member)

TDS ignoring the detailed finding of the assessing officer that as per section 5 and section 9 of the Act the income is deemed to accrue or arise in India even if the services by the commission agents have been rendered abroad. Further since the right to receive the commission arises in India, the income of such commission agents

M/S STYLAM INDUSTRIES LTD.,CHANDIGARH vs. DCIT, C-1(1), CHANDIGARH

In the result, the Department’s appeal in for assessment year

Bench: SHRI A.D.JAIN (Vice President), SHRI VIKRAM SINGH YADAV (Accountant Member)

TDS ignoring the detailed finding of the assessing officer that as per section 5 and section 9 of the Act the income is deemed to accrue or arise in India even if the services by the commission agents have been rendered abroad. Further since the right to receive the commission arises in India, the income of such commission agents

KANTA RANI,CHANDIGARH vs. ITO, WARD 2(1), CHANDIGARH

In the result, the appeal of the Assessee is allowed

Bench: The Tribunal Against The Order Dt 29.11.2023 Of Ld. Commissioner Of Income Tax(Appeals), National Faceless Appeal Centre (Nfac), Delhi.

38,500/-, however, he failed to remit the same in the government treasury resulting into the non- reflection of such TDS deducted from the Assessee in Form 26AS. The Assessing Officer Ward-2(1) rejected the claim of the Assessee on the ground of non-deposit of TDS by the deductor, which can only be allowed when the same

JANTA LAND PROMOTERS PVT LTD,MOHALI vs. THE PRINICIPAL COMMISSIONER OF INCOME TAX ,CHANDIGARH-1, CHANDIGARH

In the result, appeal of the Assessee is allowed

TDS u/s 1941A of the Act on investment of Rs.2650 lakh in OXFORD Street Project, Zirakpur as per the agreement dated 09.07.2019. The AO failed to verify the genuineness of the investment. The issue under consideration is whether the provisions of Section 1941A of the Income Tax Act, 1961, are applicable to the alleged agreement dated 09.07.2019. At the outset

STATE BANK OF INDIA,CHANDIGARH vs. ITO (TDS-I), CHANDIGARH

The appeal is dismissed

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

38,344/-. Besides the above issues, the assessee had raised additional ground before us which read as under: “Ground No. 5: On the facts and circumstances of the case the Ld. CIT(Appeals) NFAC, Delhi, has erred in having not decided the Ground No. 1 taken in first appeal before the first appellate authority challenging the legality of order passed

STATE BANK OF INDIA,CHANDIGARH vs. INCOME TAX OFFICER (TDS-1),, CHANDIGARH

The appeal is dismissed

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

38,344/-. Besides the above issues, the assessee had raised additional ground before us which read as under: “Ground No. 5: On the facts and circumstances of the case the Ld. CIT(Appeals) NFAC, Delhi, has erred in having not decided the Ground No. 1 taken in first appeal before the first appellate authority challenging the legality of order passed

STATE BANK OF INDIA,AMRITSAR vs. JOINT COMMISSIONER OF INDIA (IN-SITU), LUDHIANA

The appeal is dismissed

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

38,344/-. Besides the above issues, the assessee had raised additional ground before us which read as under: “Ground No. 5: On the facts and circumstances of the case the Ld. CIT(Appeals) NFAC, Delhi, has erred in having not decided the Ground No. 1 taken in first appeal before the first appellate authority challenging the legality of order passed

STATE BANK OF INDIA,PANCHKULA vs. DCIT/ACIT-TDS, CHANDIGARH

The appeal is dismissed

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

38,344/-. Besides the above issues, the assessee had raised additional ground before us which read as under: “Ground No. 5: On the facts and circumstances of the case the Ld. CIT(Appeals) NFAC, Delhi, has erred in having not decided the Ground No. 1 taken in first appeal before the first appellate authority challenging the legality of order passed

STATE BANK OF INDIA,CHANDIGARH vs. DCIT/ACIT (TDS), CHANDIGARH

The appeal is dismissed

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

38,344/-. Besides the above issues, the assessee had raised additional ground before us which read as under: “Ground No. 5: On the facts and circumstances of the case the Ld. CIT(Appeals) NFAC, Delhi, has erred in having not decided the Ground No. 1 taken in first appeal before the first appellate authority challenging the legality of order passed

STATE BANK OF INDIA,CHANDIGARH vs. DCIT/ACIT-TDS, CHANDIGARH

The appeal is dismissed

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

38,344/-. Besides the above issues, the assessee had raised additional ground before us which read as under: “Ground No. 5: On the facts and circumstances of the case the Ld. CIT(Appeals) NFAC, Delhi, has erred in having not decided the Ground No. 1 taken in first appeal before the first appellate authority challenging the legality of order passed

STATE BANK OF INDIA, ZONAL OFFICE(15875),PATHANKOT vs. INCOME TAX OFFICER (TDS-I), CHANDIGARH

The appeal is dismissed

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

38,344/-. Besides the above issues, the assessee had raised additional ground before us which read as under: “Ground No. 5: On the facts and circumstances of the case the Ld. CIT(Appeals) NFAC, Delhi, has erred in having not decided the Ground No. 1 taken in first appeal before the first appellate authority challenging the legality of order passed

STATE BANK OF INDIA, SAMB BRANCH,CHANDIGARH vs. INCOME TAX OFFICER (TDS-1), CHANDIGARH

The appeal is dismissed

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

38,344/-. Besides the above issues, the assessee had raised additional ground before us which read as under: “Ground No. 5: On the facts and circumstances of the case the Ld. CIT(Appeals) NFAC, Delhi, has erred in having not decided the Ground No. 1 taken in first appeal before the first appellate authority challenging the legality of order passed

STATE BANK OF INDIA,CHANDIGARH vs. ITO (TDS-I), CHANDIGARH

The appeal is dismissed

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

38,344/-. Besides the above issues, the assessee had raised additional ground before us which read as under: “Ground No. 5: On the facts and circumstances of the case the Ld. CIT(Appeals) NFAC, Delhi, has erred in having not decided the Ground No. 1 taken in first appeal before the first appellate authority challenging the legality of order passed

SH. RAMESH CHAND,JAGADHRI vs. ITO, WARD-3, YAMUNA NAGAR

TDS) by the payer at the time of making payment for compulsory\nacquisition of immovable property other than agricultural land. It was further\ncontended that in the case of Hari Singh v. Union of India [2018] 91\ntaxmann.com 20 (SC)the issue of chargeability of interest to tax was not the\nlis before the Hon'ble Supreme Court. The only

SMT. SHANKRI DEVI,PANCHKULA vs. ACIT, PANCKULA CIRCLE, PANCHKULA

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

38. The learned DR further placed reliance on section 2(24) of the Income-tax Act, which defines “income”, and section 2(28A), which defines “interest”, to contend that the statutory definition squarely encompasses any interest received pursuant to a claim, and hence such receipt constitutes income. Having referred to the definition clause, the learned DR drew attention to section

SAROJ CHAUDHARY BALA,PANCHKULA vs. ITO, WARD-4, PANCHKULA

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

38. The learned DR further placed reliance on section 2(24) of the Income-tax Act, which defines “income”, and section 2(28A), which defines “interest”, to contend that the statutory definition squarely encompasses any interest received pursuant to a claim, and hence such receipt constitutes income. Having referred to the definition clause, the learned DR drew attention to section

SH. AMARDEEP SINGH ATHWAL,YAMUNANAGAR vs. ITO, WARD-1, YAMUNANAGAR

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

38. The learned DR further placed reliance on section 2(24) of the Income-tax Act, which defines “income”, and section 2(28A), which defines “interest”, to contend that the statutory definition squarely encompasses any interest received pursuant to a claim, and hence such receipt constitutes income. Having referred to the definition clause, the learned DR drew attention to section

PAWAN KUMAR,FATEHABAD vs. INCOME TAX OFFICER WARD-1, FATEHABAD

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

38. The learned DR further placed reliance on section 2(24) of the Income-tax Act, which defines “income”, and section 2(28A), which defines “interest”, to contend that the statutory definition squarely encompasses any interest received pursuant to a claim, and hence such receipt constitutes income. Having referred to the definition clause, the learned DR drew attention to section