ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MOHALI

In the result, the appeal filed by the Revenue is dismissed

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

section 32 of the Income Tax Act. The depreciation claimed against work in progress is not claimed by the appellant. As the items on which depreciation was claimed are part of finished building, being used or are ready to be used by the appellant, there is no basis for a summary disallowance of 50% by the assessing officer

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MOHALI

In the result, the appeal filed by the Revenue is dismissed

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

section 32 of the Income Tax Act. The depreciation claimed against work in progress is not claimed by the appellant. As the items on which depreciation was claimed are part of finished building, being used or are ready to be used by the appellant, there is no basis for a summary disallowance of 50% by the assessing officer

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MPHALI

In the result, the appeal filed by the Revenue is dismissed

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

section 32 of the Income Tax Act. The depreciation claimed against work in progress is not claimed by the appellant. As the items on which depreciation was claimed are part of finished building, being used or are ready to be used by the appellant, there is no basis for a summary disallowance of 50% by the assessing officer

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MOHALI

In the result, the appeal filed by the Revenue is dismissed

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

section 32 of the Income Tax Act. The depreciation claimed against work in progress is not claimed by the appellant. As the items on which depreciation was claimed are part of finished building, being used or are ready to be used by the appellant, there is no basis for a summary disallowance of 50% by the assessing officer

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MPHALI

In the result, the appeal filed by the Revenue is dismissed

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

section 32 of the Income Tax Act. The depreciation claimed against work in progress is not claimed by the appellant. As the items on which depreciation was claimed are part of finished building, being used or are ready to be used by the appellant, there is no basis for a summary disallowance of 50% by the assessing officer

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MPHALI

In the result, the appeal filed by the Revenue is dismissed

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

section 32 of the Income Tax Act. The depreciation claimed against work in progress is not claimed by the appellant. As the items on which depreciation was claimed are part of finished building, being used or are ready to be used by the appellant, there is no basis for a summary disallowance of 50% by the assessing officer

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MPHALI

In the result, the appeal filed by the Revenue is dismissed

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

section 32 of the Income Tax Act. The depreciation claimed against work in progress is not claimed by the appellant. As the items on which depreciation was claimed are part of finished building, being used or are ready to be used by the appellant, there is no basis for a summary disallowance of 50% by the assessing officer

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MOHALI

In the result, the appeal filed by the Revenue is dismissed

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

section 32 of the Income Tax Act. The depreciation claimed against work in progress is not claimed by the appellant. As the items on which depreciation was claimed are part of finished building, being used or are ready to be used by the appellant, there is no basis for a summary disallowance of 50% by the assessing officer

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MOHALI

In the result, the appeal filed by the Revenue is dismissed

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

section 32 of the Income Tax Act. The depreciation claimed against work in progress is not claimed by the appellant. As the items on which depreciation was claimed are part of finished building, being used or are ready to be used by the appellant, there is no basis for a summary disallowance of 50% by the assessing officer

S.P. SINGLA CONSTRUCTION PRIVATE LIMITED,DELHI vs. DEPUTY COMMISSIONER OF INCOME TAX, CHANDIGARH

In the result, the appeal is allowed

Bench: SHRI MAHAVIR SINGH (Vice President), SHRI KRINWANT SAHAY (Accountant Member)

138. The relevant reasons recorded were referred by ld. counsel and the same are being reproduced as under: Reasons recorded for initiating proceedings ids 148 of the I.T. Act, 1961, Reasons recorded in the case of Ms. S P Singla Constructions Pvt. Ltd. A.Y 2012-13 in respect of initiation of re-assessment proceedings u/s 147/148 of the Income

M/S GLAXO SMITHKLINE ASIA PVT. LTD.,GURGAON vs. ACIT, C-4(1), CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

depreciation which is of no relevance since the entire claim of expenses has been allowed treating it as revenue in nature 21. The issue of allowability of market research expenses, accordingly, is decided in favour of the assessee. Issue No.6: The disallowance of post retirement medical benefit holding this expenditure as being in the nature of contingent liability, raised

M/S GLAXO SMITHKLINE ASIA PVT. LTD.,GURGAON vs. ACIT, C-4(1), CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

depreciation which is of no relevance since the entire claim of expenses has been allowed treating it as revenue in nature 21. The issue of allowability of market research expenses, accordingly, is decided in favour of the assessee. Issue No.6: The disallowance of post retirement medical benefit holding this expenditure as being in the nature of contingent liability, raised

M/S GLAXO SMITHKLINE ASIA PVT. LTD.,NABHA vs. DCIT, C-4(1), CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

depreciation which is of no relevance since the entire claim of expenses has been allowed treating it as revenue in nature 21. The issue of allowability of market research expenses, accordingly, is decided in favour of the assessee. Issue No.6: The disallowance of post retirement medical benefit holding this expenditure as being in the nature of contingent liability, raised

M/S GLAXOSMITHKLINE ASIA PVT. LTD.,GURGAON vs. ACIT, CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

depreciation which is of no relevance since the entire claim of expenses has been allowed treating it as revenue in nature 21. The issue of allowability of market research expenses, accordingly, is decided in favour of the assessee. Issue No.6: The disallowance of post retirement medical benefit holding this expenditure as being in the nature of contingent liability, raised

GLAXOSMITHKLINE ASIA PVT. LTD.,GURGAON vs. DCIT, CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

depreciation which is of no relevance since the entire claim of expenses has been allowed treating it as revenue in nature 21. The issue of allowability of market research expenses, accordingly, is decided in favour of the assessee. Issue No.6: The disallowance of post retirement medical benefit holding this expenditure as being in the nature of contingent liability, raised

GLAXOSMITHKLINE ASIA PVT. LTD.,GURGAON vs. DCIT, CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

depreciation which is of no relevance since the entire claim of expenses has been allowed treating it as revenue in nature 21. The issue of allowability of market research expenses, accordingly, is decided in favour of the assessee. Issue No.6: The disallowance of post retirement medical benefit holding this expenditure as being in the nature of contingent liability, raised

GLAXOSMITHKLINE ASIA PVT. LTD.,GURGAON vs. ACIT, CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

depreciation which is of no relevance since the entire claim of expenses has been allowed treating it as revenue in nature 21. The issue of allowability of market research expenses, accordingly, is decided in favour of the assessee. Issue No.6: The disallowance of post retirement medical benefit holding this expenditure as being in the nature of contingent liability, raised

GLAXOSMITHKLINE ASIA PVT. LTD.,GURGAON vs. ACIT, CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

depreciation which is of no relevance since the entire claim of expenses has been allowed treating it as revenue in nature 21. The issue of allowability of market research expenses, accordingly, is decided in favour of the assessee. Issue No.6: The disallowance of post retirement medical benefit holding this expenditure as being in the nature of contingent liability, raised

ACIT, CHANDIGARH vs. M/S GLAXO SMITHKLINE ASIA PVT. LTD., GURGAON

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

depreciation which is of no relevance since the entire claim of expenses has been allowed treating it as revenue in nature 21. The issue of allowability of market research expenses, accordingly, is decided in favour of the assessee. Issue No.6: The disallowance of post retirement medical benefit holding this expenditure as being in the nature of contingent liability, raised