M/S ASHA TECHNOLOGIES,SIRMOUR vs. ADDL. CIT, SOLAN

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)

establish the genuineness of the account holders. In following cases, the account holders denied to had any type of transactions with the assessee:- Sr.No. Amount debited Name of account Nature of Mode of payment holder account Aditya Technologies Rs. 41,090/- Job work Cash M.S. Goods Carrier Rs. 15,350/- Cartage inward cash Shiva Enterprises Rs. 36,7107- Job work

M/S PUNJAB TOURISM DEVELOPMENET CORPORATION LIMITED,CHANDIGARH vs. DCIT,CIRCLE-1(1), CHANDIGARH

Appeal of the assessee is allowed

Bench: Ao)

permanently the Assessee Corporation being an artificial juridical person is required to at least sustain itself as such. Hence, we hold that Administrative Expenses incurred are must for its survival till final call is taken by Govt. of Punjab on it’s very existence / survivalas a corporate entity. The decision to this effect is under policy realm of Govt

M/S PUNJAB TOURISM DEVELOPMENET CORPORATION LIMITED,CHANDIGARH vs. DCIT,CIRCLE-1(1), CHANDIGARH

Appeal of the assessee is allowed

Bench: Ao)

permanently the Assessee Corporation being an artificial juridical person is required to at least sustain itself as such. Hence, we hold that Administrative Expenses incurred are must for its survival till final call is taken by Govt. of Punjab on it’s very existence / survivalas a corporate entity. The decision to this effect is under policy realm of Govt

M/S PUNJAB TOURISM DEVELOPMENET CORPORATION LIMITED,CHANDIGARH vs. DCIT,CIRCLE-1(1), CHANDIGARH

Appeal of the assessee is allowed

Bench: Ao)

permanently the Assessee Corporation being an artificial juridical person is required to at least sustain itself as such. Hence, we hold that Administrative Expenses incurred are must for its survival till final call is taken by Govt. of Punjab on it’s very existence / survivalas a corporate entity. The decision to this effect is under policy realm of Govt

M/S PUNJAB TOURISM DEVELOPMENET CORPORATION LIMITED,CHANDIGARH vs. DCIT,CIRCLE-1(1), CHANDIGARH

Appeal of the assessee is allowed

Bench: Ao)

permanently the Assessee Corporation being an artificial juridical person is required to at least sustain itself as such. Hence, we hold that Administrative Expenses incurred are must for its survival till final call is taken by Govt. of Punjab on it’s very existence / survivalas a corporate entity. The decision to this effect is under policy realm of Govt

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.:

established by the appellant between the purchase of fixed assets which have been put to use after the date of capitalization of whole unit. Now, the appellant submits that the addition to fixed assets of Rs. 3.8 cr. including plant and machinery were made either from capital reserves or surplus funds of the appellant. The appellant further, submits that

LAKHVIR KAUR,MOHALI vs. DCIT/ACIT(CEN)-2, CHANDIGARH

In the result, both the above appeals of the Assessee are\nallowed

depreciation and interest on car loan.\n7. That on the facts and circumstances of the case, the Ld.\nAdditional Commissioner of Income Tax, Range Central failed to\napply due application of mind in giving approval u/s 153D of the\nAct and as such the order deserves to be quashed on this ground\nalone.\n8. That the appellant craves leave

LAKHVIR KAUR,MOHALI, CHANDIGARH vs. DCIT/ACIT(CEN)-2 CHD, CHANDIGARH

In the result, both the above appeals of the Assessee are\nallowed

depreciation and interest on car loan.\n7. That on the facts and circumstances of the case, the Ld.\nAdditional Commissioner of Income Tax, Range Central failed to\napply due application of mind in giving approval u/s 153D of the\nAct and as such the order deserves to be quashed on this ground\nalone.\n8. That the appellant craves leave