NAHAR POLY FILMS LIMITED,LUDHIANA vs. DCIT, CIRCLE-1, LUDHIANA

In the result, the appeal is allowed

Bench: Shri A.D. Jain & Dr Krinwant Sahayआयकर अपील सं./ Ita No. 458/Chd/2023 "नधा"रण वष" / Assessment Year: 2015-2016 Nahar Poly Films Limited, Vs. The Dcit, बनाम 375, Industrial Area-A, Circle-1, Ludhiana 141003 Aayakar Bhawan, Rishi Nagar, Ludhiana "थायी लेखा सं./Pan No: Aaacn5708K अपीलाथ"/ Appellant ""यथ"/ Repsondent ( Physical Hearing ) "नधा"रती क" ओर से/Assessee By : Sh. Navdeep Sharma, Advocate राज"व क" ओर से/ Revenue By : Smt. Kusum Bansal, Cit Dr सुनवाई क" तार"ख/Date Of Hearing : 29.05.2024 उदघोषणा क" तार"ख/Date Of Pronouncement : 19.08.2024 आदेश/Order Per Dr. Krinwant Sahay, A.M.:

additional depreciation in his Return of Income and therefore, it cannot be allowed. The AO also held that if at all additional

M/S SINGH CONSTRUCTION CO.,PATIALA vs. ACIT, CIRCLE, PATIAL

In the result, the appeal of the assessee is dismissed

Bench: SHRI. AAKASH DEEP JAIN (Vice President), SHRI. VIKRAM SINGH YADAV (Accountant Member)

depreciation, interest and salary to the partners after due verification. Further, he directed to treat the surrendered income at Rs. 60,00,000/- as against Rs. 65,00,000/- considered by the AO under section 69 of the Act over and above normal business income of the assessee firm. As far as addition

BABA HIRA SINGH BHATTAL INSTITUTE OF ENGINEERING & TECHNOLOGY,LEHRAGAGA vs. DCIT, (E), C-1, CHANDIGARH

In the result, the appeal is allowed

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

addition, also disallowed depreciation as application of income ignoring the facts of the case. 3.1 The ld. Commissioner of Income

A.B. SUGARS LIMITED,PUNJAB vs. PRINCIPAL COMMISSIONER OF INCOME TAX -1, CHANDIGARH, CHANDIGARH

In the result, the appeal of the assessee is allowed

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

addition, we are enclosing copy of Depreciation Chart as per Companies Act, 2013 of Power Division (Eligible Unit) and Other Division (Non-Eligible Units) as Annexure-F and Copy of Depreciation Chart as per Income

A.B. SUGARS LIMITED,PUNJAB vs. PRINCIPAL COMMISSIONER OF INCOME TAX-1, CHANDIGARH

In the result, the appeal of the assessee is allowed

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

addition, we are enclosing copy of Depreciation Chart as per Companies Act, 2013 of Power Division (Eligible Unit) and Other Division (Non-Eligible Units) as Annexure-F and Copy of Depreciation Chart as per Income

M/S HEADMASTER SALOON PVT.LTD.,CHANDIGARH vs. DCIT-CIRCLE-1(1), CHANDIGARH

In the result, appeal of the assessee is allowed for statistical purposes

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

addition of Rs. 1,35,00,000/- be not made in this case on the basis of surrender letter dt. 05/03/2014 vide which a voluntary surrender of income amounting to rs. 1,35,00,000/- was made by the assessee on account of discrepancies found in accounts”. Further in response to what transpired on 30.11.2016, the assssee 17. submitted

SANJEEV KUMAR GOYAL,FATEHABAD vs. DCIT, CC-2, LUDHIANA

In the result, the appeal of the assesse is allowed

Bench: This Hon’Ble Tribunal Under Section 253 Of The Income Tax Act, 1961 As Amended From Time To Time. 2. The Assessee Is Aggrieved By The Order Of The Ld. Cit(A) Dt. 20/01/2023 In Appeal No. 10853/2018-19/It/Cit(A)-5/Ldh/2021-22 For The A.Y. 2019-20 Under Section 250(6) Of The Income Tax Act, 1961 Which Was Dismissed. Therefore The Present Second Appeal Under Section 253 Of The Income Tax Act, 1961 Before Us Against The Aforesaid Order Dt. 20/01/2023 Which Is Hereinafter Referred To As The Impugned Order.

addition to the hotel building to the tune of Rs. 38,00,000 and hence, assessed the surrendered amount of Rs. 38,00,000/- u/s 115BBE of the Act and balance income was assessed as business income. 10. Aggrieved by the order of the assessing officer, the assessee filed an appeal before the CIT(A), wherein, the assessee filed detailed

M/S FASTWAY TRANSMISSION (P) LTD.,CHANDIGARH vs. ACIT, CHANDIGARH

In the result the captioned appeals of the assessee are

Bench: Shri N.K. Saini & Shri Sanjay Gargआयकर अपील सं./ Ita No.547/Chd/2017 "नधा"रण वष" / Assessment Year : 2013-14

additional ground of appeal. 33. The Assessing Officer has allowed the depreciation @ 15%, whereas, the contention of the counsel for the assessee is that STBs were classifiable under the head "Computers including Computer Software" as provided under Item-Ill (5) of the table of rates of depreciation in Appendix 1 to the Income

M/S FASTWAY TRANSMISSION (P) LTD.,CHANDIGARH vs. DCIT, CC-II, CHANDIGARH

In the result the captioned appeals of the assessee are

Bench: Shri N.K. Saini & Shri Sanjay Gargआयकर अपील सं./ Ita No.547/Chd/2017 "नधा"रण वष" / Assessment Year : 2013-14

additional ground of appeal. 33. The Assessing Officer has allowed the depreciation @ 15%, whereas, the contention of the counsel for the assessee is that STBs were classifiable under the head "Computers including Computer Software" as provided under Item-Ill (5) of the table of rates of depreciation in Appendix 1 to the Income

M/S FASTWAY TRANSMISSION (P) LTD.,CHANDIGARH vs. DCIT, CC-II, CHANDIGARH

In the result the captioned appeals of the assessee are

Bench: Shri N.K. Saini & Shri Sanjay Gargआयकर अपील सं./ Ita No.547/Chd/2017 "नधा"रण वष" / Assessment Year : 2013-14

additional ground of appeal. 33. The Assessing Officer has allowed the depreciation @ 15%, whereas, the contention of the counsel for the assessee is that STBs were classifiable under the head "Computers including Computer Software" as provided under Item-Ill (5) of the table of rates of depreciation in Appendix 1 to the Income

M/S SUPERFINE KNITTERS LTD.,LUDHIANA vs. ACIT, LUDHIANA

Bench: Shri Sanjay Garg & Smt. Annapurna Guptaassessment Year: 2009-10 M/S Superfine Knitters Ltd., Vs. The Acit, 269, Industrial Area-A, Circle-7, Ludhiana. Ludhiana. Pan No. Aadcs4217P

depreciation on plant and machinery (TUFS) and on tubewell. After giving due opportunity of hearing to the assessee, the AO made addition to the income

M/S ASPEE SONS,BADDI vs. DCIT, CIRCLE, PARWANOO

In the result, appeal of Assessee is allowed

Income Tax Act, 1961. 2. That on law, facts and circumstances of the case, the Worthy CIT(A) has erred in confirming the action of Ld. AO wherein he had ordered for reduction of WDV of plant and Machinery by Rs. 27,79,174/- by thrusting additional depreciation

SH. GURINDER MAKKAR,LUDHIANA vs. DCIT, CC-3, LUDHIANA

In the result, the appeal of the assessee is disposed off in light of aforesaid directions

Bench: SHRI. AAKASH DEEP JAIN (Vice President), SHRI. VIKRAM SINGH YADAV (Accountant Member)

Income from other sources" 6.8 As stated above, reliance in this regard is placed on the judgment of Jaipur Bench of ITAT in the case of Smt. Rekha Shekhawat vs PCIT (supra). As the assessee has already paid the taxes on whole amount of surrender on account of addition to the building, hence, disallowing the depreciation

SH RAMESH KUMAR DUDANI,MOHALI vs. DCIT,CIRCLE -6(1), MOHALI

In the result, appeal of the Assessee is allowed

addition i.e; Rs. 81,072/- on account of less income shown under the head “income from other sources,” Rs. 3,15,213/- on account of excess depreciation

BHWANI INDUSTIRES LIMITED,MANDI GOBINDGARH vs. ASSTT. COMMISSSIONER OF INCOME TAX, PATIALA

In the result, the appeal of the assessee is partly allowed

Bench: Ms. Diva Singh & Ms. Annapurna Guptaassessment Year: 2012-13 M/S Bhwani Industries Ltd., Vs. The Acit, Village-Ajnali, G.T. Road, Central Circle, Mandi Gobindgarh. Patiala. Pan No. : Aabcb5105H (Appellant) (Respondent)

additional depreciation was also disallowed by the AO. Accordingly, the excess claim of the depreciation to the tune of Rs. 25,39,875/- was disallowed by the AO and added to the income

M/S SHUBHAM COTTON MILLS PVT. LTD.,ELLENABAD vs. DCIT, CIRCLE, SIRSA

In the result appeal of the assessee is allowed

Depreciation As per I.T. Tax 2082820 6546393 5. It is submitted that the assessee has led complete evidence to support each and every items of the aforesaid revised profit and loss account and revised computation of income which shows a loss of Rs.65,46,393/-. It is submitted that if there is a loss of Rs.65,46,393/- which

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE -1, LUDHIANA, LUDHIANA vs. AARTI INTERNATIONAL LTD., LUDHIANA

In the result, appeal filed by the Revenue is dismissed

Bench: SHRI. RAJPAL YADAV (Vice President), SHRI. KRINWANT SAHAY (Accountant Member)

depreciation of the Machiwara unit, unexplained excess stock found during survey, and fall in gross profit rate, which led to further verification and additions by the AO. 3.1 During the assessment, the Assessing Officer observed that the assessee had made large investments capable of earning tax-free income

ACIT, CC-2, CHANDIGARH vs. SHRI KARAJ SINGH, YAMUNA NAGAR

In the result, the revenue’s appeal ITA No

Bench: Hon’Ble Shri Rajpal Yadav & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकर अपील सं./ Ita No. 726/Chandi/2022 (िनधा"रण वष" / Assessment Year: 2018-19) Acit-Central Circle 2 Shri Karaj Singh बनाम/ Cr Building Sector 17 H. No 1379, Modern Colony, Near Iti Vs. Chandigarh 160017 Yamuna Nagar (Haryana) "ायीलेखासं./जीआइआरसं./Pan/Gir No. Atups-5528-A (अपीलाथ"/Appellant) (""थ" / Respondent) : & 2. Co. No. 16/Chandi/2024 [In Ita No. 726/Chandi/2022 (िनधा"रण वष" / Assessment Year: 2018-19) Shri Karaj Singh Acit-Central Circle 2 बनाम/ H. No 1379, Modern Colony, Near Iti, Cr Building Sector 17 Vs. Yamuna Nagar (Haryana) Chandigarh 160017 "ायीलेखासं./जीआइआरसं./Pan/Gir No. Atups-5528-A (Cross-Objector) : (Respondent) Revenue By : Smt. Kusum Bansal (Cit) – Ld. Dr Assessee By : Shri Dhruv Goel (Ca) - Ld. Ar सुनवाईकीतारीख/Date Of Hearing : 18-09-2025 घोषणाकीतारीख /Date Of Pronouncement : 08/10/2025 आदेश / O R D E R Manoj Kumar Aggarwal () 1.1 Aforesaid Appeal By Revenue For Assessment Year (Ay) 2018-19 Arises Out Of An Order Of Learned Commissioner Of Income Tax (Appeals)- 3, Gurgaon [Cit(A)] Dated 26-09-2022 In The Matter Of An Assessment

additions were set aside. Similar reliance has been placed on the decision of Delhi Tribunal in the case of Sushen Mohan Gupta (ITA 2999/Del/2024 dated 20-05-2025) quashing assessment on similar grounds. 8. The Ld. AR has tabulated the comparative figures as per Income Tax Returns, seized material as per orders of lower authorities as under:- COMPARATIVE FIGURES