M/S ASHA TECHNOLOGIES,KALA AMB vs. ITO, SIRMOUR

In the result, both the above appeals of the Assessee are partly allowed as aforesaid in respect of impugned orders dt

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

capital account and Rs. 11,00,000/- in the name of M/s. Asha Telecom Pvt. Ltd. as liabilities. But it did not furnish any information regarding sources of these credits and neither any confirmation from M/s. Asha Telecom Pvt. Ltd. was furnished. Similarly, Para 8 of the questionnaire remained unanswered. Vide Para 9 of its reply, it was stated that

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE, PATIALA, PATIALA vs. PUNJAB STATE POWER CORPORATION LIMITED, PATIALA

In the result, both the appeals filed by the Revenue are partly allowed

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

10B, 10C and 10D of the notification dt. 24/12/2012 of Government of Punjab, the amount of GPF till 31/03/2013 and thereafter will be deposited in separate trust over a period of ten years and the company shall bear the interest from the transition period till the matter is settled through trust i.e; upto 31/03/2013 . 8. Regarding

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE, PATIALA vs. PUNJAB STATE POWER CORPORATION LIMITED, PATIALA

In the result, both the appeals filed by the Revenue are partly allowed

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

10B, 10C and 10D of the notification dt. 24/12/2012 of Government of Punjab, the amount of GPF till 31/03/2013 and thereafter will be deposited in separate trust over a period of ten years and the company shall bear the interest from the transition period till the matter is settled through trust i.e; upto 31/03/2013 . 8. Regarding

CT EDUCATIONAL SOCIETY,JALANDHAR vs. DCIT, CHANDIGARH

In the result, the appeal filed by the Assessee is Partly Allowed for\nStatistical Purposes as per the directions above

gains of business unless\nbusiness was incidental to attainment of objectives of trust and separate books of\naccounts were maintained in respect of such business—It was not case of\nrevenue that hostel was rented out to outsider or transport facility was also\nprovided to outsider—Providing hostel to students and staff working for society\nwas incidental to achieve object