WINSOME TEXTILE INDUSTRIES LIMITED,CHANDIGARH vs. ASSTT. COMMISSIONER OF INCOME TAX, CIRCLE-4(1), CHANDIGARH, CHANDIGARH

In the result, the appeal of the assessee is partly allowed and the appeal of the Revenue is dismissed

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

depreciation allowance or any other allowance, as the case may be, for the assessment year concerned (hereafter in this section and in sections 148 to 153 referred to as the relevant assessment year) : Provided that where an assessment under sub-section (3) of section 143 or this section has been made for the relevant assessment year, no action shall

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)

depreciation allowance or any other allowance, as the case may be, for the assessment year concerned (hereafter in this Section and in sections 148 to 153 referred to as the relevant assessment year) : Provided that where an assessment under Sub-section (3) of Section 143 or this Section has been made for the relevant assessment year, no action shall

EXOTIC REALTORS AND DEVELOPERS,CHANDIGARH vs. PR.CIT-1, CHANDIGARH

In the result, appeal of the assessee is allowed

Bench: SHRI. KRINWANT SAHAY (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)

II. 16.3 Further we notice that vide notice under section 142(1)( dt. 09/06/2020 the Ld. AO raised few more query and that the same were replied by the assessee. We have perused such further more query and reply from paper book Vol. III. 16.4 We therefore basis above hold that the Ld. AO has applied his mind and have

SHRI MOHAN LAL GUPTA,SHIMLA vs. PR.CIT-1, CHANDIGARH

In the result, appeal of the Assessee is partly allowed

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

143(3) of the Act and not from the end of the financial year from passing of the subsequent reassessment order under section 147 of the Act. 25. In this regard, useful guidance can be drawn from the decision of Hon’ble Supreme Court in case of CIT Vs. Alagendran Finance Ltd. [2007] 162 Taxman 465. The issue which arose

DCIT, C-1 (EXEMPTIONS), CHANDIGARH vs. THE INSTITUTION OF CIVIL ENGINEERS SOCIETY, LUDHIANA

In the result, appeal of the Revenue is dismissed

143(3) is running into 17 pages,\nwhere ld. AO has taken note of the assessee's activities and\nthereafter accepted them as genuine. According to the ld.\nCounsel for the assessee, there is no change in the activities.\nRight from its inception, it has been enjoying the benefit of\nregistration under Section 12A.There was no doubt qua the\ncharitable

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)

ii. Notice dated 25.02.2021- Reply dated 03.03.2021 along with Annexures. (Page No. 453-478) F. Depreciation Chart of Power Division (Eligible Unit) & Other Divisions (Non- Eligible Units) as per Companies Act, 2013. G. Depreciation Chart of Power Division (Eligible Unit) & Other Divisions (Non- Eligible Units) as per Income Tax Rules. H. Copy of Profit & Loss Account of Power Division (Eligible

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)

ii. Notice dated 25.02.2021- Reply dated 03.03.2021 along with Annexures. (Page No. 453-478) F. Depreciation Chart of Power Division (Eligible Unit) & Other Divisions (Non- Eligible Units) as per Companies Act, 2013. G. Depreciation Chart of Power Division (Eligible Unit) & Other Divisions (Non- Eligible Units) as per Income Tax Rules. H. Copy of Profit & Loss Account of Power Division (Eligible

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

In the result appeal of the assessee is allowed

143(3) of the Act. The G.P. rate declared by the assessee was at 2.88% and 2.36% in the A.Y. 2012-13 and 2013-14 respectively whereas the G.P rate for the year under consideration was at 2.98%. Therefore the A.O. was unjustified in invoking the provisions of Section 145(3) of the Act. The reliance was placed

M/S MANAV MANGAL SOCIETY,CHANDIGARH vs. DCIT, C-1, (E), CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

143(3) and now there is a binding judgment of the Hon'ble Apex Court. 4. Your goodself's attention is invited to the judgement of 'Hon'ble Apex Court' in the case of Queen's Educational Society V/s CIT as reported in [20151 55 taxmann.com 255 (SO, in which, it has been held as under: 'Section

DCIT, C-1, (E), CHANDIGARH vs. M/S MANAV MANGAL SOCIETY, CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

143(3) and now there is a binding judgment of the Hon'ble Apex Court. 4. Your goodself's attention is invited to the judgement of 'Hon'ble Apex Court' in the case of Queen's Educational Society V/s CIT as reported in [20151 55 taxmann.com 255 (SO, in which, it has been held as under: 'Section

DCIT, C-1, (E), CHANDIGARH vs. M/S MANAV MANGAL SOCIETY, CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

143(3) and now there is a binding judgment of the Hon'ble Apex Court. 4. Your goodself's attention is invited to the judgement of 'Hon'ble Apex Court' in the case of Queen's Educational Society V/s CIT as reported in [20151 55 taxmann.com 255 (SO, in which, it has been held as under: 'Section

M/S MANAV MANGAL SOCIETY,CHANDIGARH vs. DCIT, C-1, (E), CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

143(3) and now there is a binding judgment of the Hon'ble Apex Court. 4. Your goodself's attention is invited to the judgement of 'Hon'ble Apex Court' in the case of Queen's Educational Society V/s CIT as reported in [20151 55 taxmann.com 255 (SO, in which, it has been held as under: 'Section

DCIT, C-1, (E), CHANDIGARH vs. M/S MANAV MANGAL SOCIETY, CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

143(3) and now there is a binding judgment of the Hon'ble Apex Court. 4. Your goodself's attention is invited to the judgement of 'Hon'ble Apex Court' in the case of Queen's Educational Society V/s CIT as reported in [20151 55 taxmann.com 255 (SO, in which, it has been held as under: 'Section

DCIT, C-1, (E), CHANDIGARH vs. M/S MANAV MANGAL SOCIETY, CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

143(3) and now there is a binding judgment of the Hon'ble Apex Court. 4. Your goodself's attention is invited to the judgement of 'Hon'ble Apex Court' in the case of Queen's Educational Society V/s CIT as reported in [20151 55 taxmann.com 255 (SO, in which, it has been held as under: 'Section

DCIT,CIRCLE-1(EXEMPTION), CHANDIGARH vs. M/S MANAV MANGAL SCHOOL( MANAV MANGAL SOCIETY), CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

143(3) and now there is a binding judgment of the Hon'ble Apex Court. 4. Your goodself's attention is invited to the judgement of 'Hon'ble Apex Court' in the case of Queen's Educational Society V/s CIT as reported in [20151 55 taxmann.com 255 (SO, in which, it has been held as under: 'Section

DCIT, C-1, (E), CHANDIGARH vs. M/S MANAV MANGAL SOCIETY, CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

143(3) and now there is a binding judgment of the Hon'ble Apex Court. 4. Your goodself's attention is invited to the judgement of 'Hon'ble Apex Court' in the case of Queen's Educational Society V/s CIT as reported in [20151 55 taxmann.com 255 (SO, in which, it has been held as under: 'Section

M/S TJR PROPERTIES PVT. LTD.,CHANDIGARH vs. ACIT, CC-2, CHANDIGARH

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

143(3) of the Income Tax Act, in the case of Smt. Kiran Singla, for assessment year 2014-15, which were duly explained by the assessee as supporting the stand taken by the assessee on the amount of Rs.3 lacs, have nowhere been rebutted by the taxing authorities. The taxing authorities, however, against all cannons of the principles of natural

ACIT, CC-2, CHANDIGARH vs. M/S TJR PROPERTIES PVT. LTD., CHANDIGARH

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

143(3) of the Income Tax Act, in the case of Smt. Kiran Singla, for assessment year 2014-15, which were duly explained by the assessee as supporting the stand taken by the assessee on the amount of Rs.3 lacs, have nowhere been rebutted by the taxing authorities. The taxing authorities, however, against all cannons of the principles of natural

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)

143(3) of the Act (page 8), it can be seen that the AO made the computation as under :- 8% of total receipts of Rs. 17,27,88,683/- : Rs. 1,38,23,095/- Already shown : Rs. 1,03,53,170/- Balance Addition : Rs, 34,69,925/- It is apparent that the net profit rate