RAJESH KHANNA,NEELKANTH PLYWOOD, YAMUNANAGAR vs. INCOME TAX OFFICER, WARD-3, INCOME TAX OFFICER, YAMUNANAGAR

In the result, the assessee's appeal in ITA

Bench: SHRI A.D.JAIN (Vice President), SHRI KRINWANT SAHAY (Accountant Member)

149 of the Act. In this regard, reliance has been sought to be placed on the order dated 19.03.2024, rendered by the Hon'ble Rajasthan High Court in the case of ‘Shyam Sunder Khandelwal Vs ACIT’, reported as 2024 (4) TMI 196 Rajasthan High Court (copy at APB 164 to 173). 11. The ld. DR, on the other hand

INCOME TAX OFFICER, YAMUNA NAGAR vs. RAJESH KHANNA, YAMUNA NAGAR

In the result, the assessee's appeal in ITA

Bench: SHRI A.D.JAIN (Vice President), SHRI KRINWANT SAHAY (Accountant Member)

149 of the Act. In this regard, reliance has been sought to be placed on the order dated 19.03.2024, rendered by the Hon'ble Rajasthan High Court in the case of ‘Shyam Sunder Khandelwal Vs ACIT’, reported as 2024 (4) TMI 196 Rajasthan High Court (copy at APB 164 to 173). 11. The ld. DR, on the other hand

NARENDER KAUR,KURUKSHETRA, HARYANA vs. INCOME TAX OFFICER WARD-1 , KURUKSHETRA

section 56, a deduction of a sum equal to fifty per cent. of such\nincome and no deduction shall be allowed under any other clause of this\nsection.\"\n21. The Assessing Officer in I. T. A. No. 132 of 2018 where the assessee had\nreceived Rs.11,30,561 as interest income, held that the interest payment\nreceived on compensation/enhanced compensation

SH. AJIT SINGH,PINJORE vs. ITO, WARD-1, PANCHKULA

section 56, a deduction of a sum equal to fifty per cent. of such\nincome and no deduction shall be allowed under any other clause of this\nsection.\"\n21. The Assessing Officer in I. T. A. No. 132 of 2018 where the assessee had\nreceived Rs.11,30,561 as interest income, held that the interest payment\nreceived on compensation/enhanced compensation

PRIYA GOYAL,SIRSA vs. PR.CIT, ROHTAK

The appeal of the assessee is allowed

Bench: Shri Sudhanshu Srivastava & Shri Vikram Singh Yadavआयकरअपीलसं./Ita No.149/Chd/2021 "नधा"रणवष" / Assessment Year :2016-17 Sh. Rajeev Goyal Pr. Commissioner Of Income बनाम M/S R.K. Associates, Tax, Rohtak B.G. Complex Near Ganesh Dharam Kanta, Sirsa -125055, Haryana "थायीलेखासं./Pan No: Aibpg7289A अपीलाथ"/Appellant ""यथ"/Respondent

149 to 152, 154 & 157-c-2021 Rajeev Goyal & others 24 worked out to Rs. 2,64,182/-. Further, the assessee had claimed revenue expenses in the Profit & Loss account at Rs. 7,57,238/-. Out of these expenses an amount of Rs. 1,20,000/-, claimed on account of depreciation on furniture and fixtures, were held

SHRI. TARSEM GOYAL,SIRSA vs. PR.CIT, ROHTAK

The appeal of the assessee is allowed

Bench: Shri Sudhanshu Srivastava & Shri Vikram Singh Yadavआयकरअपीलसं./Ita No.149/Chd/2021 "नधा"रणवष" / Assessment Year :2016-17 Sh. Rajeev Goyal Pr. Commissioner Of Income बनाम M/S R.K. Associates, Tax, Rohtak B.G. Complex Near Ganesh Dharam Kanta, Sirsa -125055, Haryana "थायीलेखासं./Pan No: Aibpg7289A अपीलाथ"/Appellant ""यथ"/Respondent

149 to 152, 154 & 157-c-2021 Rajeev Goyal & others 24 worked out to Rs. 2,64,182/-. Further, the assessee had claimed revenue expenses in the Profit & Loss account at Rs. 7,57,238/-. Out of these expenses an amount of Rs. 1,20,000/-, claimed on account of depreciation on furniture and fixtures, were held

SH. PARSHOTAM GOYAL,SIRSA vs. PR.CIT, ROHTAK

The appeal of the assessee is allowed

Bench: Shri Sudhanshu Srivastava & Shri Vikram Singh Yadavआयकरअपीलसं./Ita No.149/Chd/2021 "नधा"रणवष" / Assessment Year :2016-17 Sh. Rajeev Goyal Pr. Commissioner Of Income बनाम M/S R.K. Associates, Tax, Rohtak B.G. Complex Near Ganesh Dharam Kanta, Sirsa -125055, Haryana "थायीलेखासं./Pan No: Aibpg7289A अपीलाथ"/Appellant ""यथ"/Respondent

149 to 152, 154 & 157-c-2021 Rajeev Goyal & others 24 worked out to Rs. 2,64,182/-. Further, the assessee had claimed revenue expenses in the Profit & Loss account at Rs. 7,57,238/-. Out of these expenses an amount of Rs. 1,20,000/-, claimed on account of depreciation on furniture and fixtures, were held

PRIYANKA,SIRSA vs. PR.CIT, ROHTAK

The appeal of the assessee is allowed

Bench: Shri Sudhanshu Srivastava & Shri Vikram Singh Yadavआयकरअपीलसं./Ita No.149/Chd/2021 "नधा"रणवष" / Assessment Year :2016-17 Sh. Rajeev Goyal Pr. Commissioner Of Income बनाम M/S R.K. Associates, Tax, Rohtak B.G. Complex Near Ganesh Dharam Kanta, Sirsa -125055, Haryana "थायीलेखासं./Pan No: Aibpg7289A अपीलाथ"/Appellant ""यथ"/Respondent

149 to 152, 154 & 157-c-2021 Rajeev Goyal & others 24 worked out to Rs. 2,64,182/-. Further, the assessee had claimed revenue expenses in the Profit & Loss account at Rs. 7,57,238/-. Out of these expenses an amount of Rs. 1,20,000/-, claimed on account of depreciation on furniture and fixtures, were held

M/S PARDEEP ISPAT(P) LTD.,SIRSA vs. PR.CIT, ROHTAK

The appeal of the assessee is allowed

Bench: Shri Sudhanshu Srivastava & Shri Vikram Singh Yadavआयकरअपीलसं./Ita No.149/Chd/2021 "नधा"रणवष" / Assessment Year :2016-17 Sh. Rajeev Goyal Pr. Commissioner Of Income बनाम M/S R.K. Associates, Tax, Rohtak B.G. Complex Near Ganesh Dharam Kanta, Sirsa -125055, Haryana "थायीलेखासं./Pan No: Aibpg7289A अपीलाथ"/Appellant ""यथ"/Respondent

149 to 152, 154 & 157-c-2021 Rajeev Goyal & others 24 worked out to Rs. 2,64,182/-. Further, the assessee had claimed revenue expenses in the Profit & Loss account at Rs. 7,57,238/-. Out of these expenses an amount of Rs. 1,20,000/-, claimed on account of depreciation on furniture and fixtures, were held

SHRI RAJEEV GOYAL,SIRSA vs. PR.CIT, ROHTAK

The appeal of the assessee is allowed

Bench: Shri Sudhanshu Srivastava & Shri Vikram Singh Yadavआयकरअपीलसं./Ita No.149/Chd/2021 "नधा"रणवष" / Assessment Year :2016-17 Sh. Rajeev Goyal Pr. Commissioner Of Income बनाम M/S R.K. Associates, Tax, Rohtak B.G. Complex Near Ganesh Dharam Kanta, Sirsa -125055, Haryana "थायीलेखासं./Pan No: Aibpg7289A अपीलाथ"/Appellant ""यथ"/Respondent

149 to 152, 154 & 157-c-2021 Rajeev Goyal & others 24 worked out to Rs. 2,64,182/-. Further, the assessee had claimed revenue expenses in the Profit & Loss account at Rs. 7,57,238/-. Out of these expenses an amount of Rs. 1,20,000/-, claimed on account of depreciation on furniture and fixtures, were held

BALJIT SINGH,AMBALA CITY vs. INCOME TAX OFFICER, WARD-1, AMBALA, AMBALA

section 56, a deduction of a sum equal to fifty per cent. of such\nincome and no deduction shall be allowed under any other clause of this\nsection.\"\n21. The Assessing Officer in I. T. A. No. 132 of 2018 where the assessee had\nreceived Rs.11,30,561 as interest income, held that the interest payment\nreceived on compensation/enhanced compensation

INCOME TAX OFFICER, WARD-5(5), CHANDIGARH, CHANDIGARH vs. AVTAR SINGH, VILLAGE- KAIMBWALA

section\n28 or section 41 or section 59;\n53[(va) any sum chargeable to income-tax under clause (iiia) of section 28 ;]\n54[(vb) any sum chargeable to income-tax under clause (iiib) of section 28 ;]\n55[(vc) any sum chargeable to income-tax under clause (iiic) of section 28 ;]\n56[(vd)] the value of any benefit or perquisite taxable

SAS INFONET PRIVATE LIMITED,CHANDIGARH vs. DCIT ACIT(CEN)-2, CHANDIGARH

In the result, the present appeal of the Assessee is allowed

Bench: the AO.

section 153A as per the law laid down by the Hon’ble Supreme Court in Abhisar Buildwell Pvt. Ltd. [2023] 149 taxmann.com 399 (SC). 8. Per contra, the Ld. DR relied upon the order passed by the Ld. AO as well as the findings of the Ld. CIT(A). He submitted that the additions were rightly made on the ground

SAS INFONET PRIVATE LIMITED ,CHANDIGARH vs. DCIT ACIT(CEN)-2, CHANDIGARH

In the result, the present appeal of the Assessee is allowed

Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. MANOJ KUMAR AGGARWAL (Accountant Member)

section 153A as per the law laid down by the Hon’ble Supreme Court in Abhisar Buildwell Pvt. Ltd. [2023] 149 taxmann.com 399 (SC). 8. Per contra, the Ld. DR relied upon the order passed by the Ld. AO as well as the findings of the Ld. CIT(A). He submitted that the additions were rightly made on the ground

BALVINDER SINGH,FATEHABAD vs. ITO WARD-1, FATEHABAD

section 2(24)\n28A, as under:\n(iii) agricultural land55 in India, not being land situate-\n(a) in any area which is comprised within the jurisdiction of a\nmunicipality55 (whether known as a municipality, municipal\ncorporation, notified area committee, town area committee, town\ncommittee, or by any other name) or a cantonment board and\nwhich has a population56

RANJEET SINGH KHUBBER,AMBALA vs. ITO, WARD 2, AMBALA

section 56, a deduction of a sum equal to fifty per cent. of such\nincome and no deduction shall be allowed under any other clause of this\nsection.\"\n21. The Assessing Officer in I. T. A. No. 132 of 2018 where the assessee had\nreceived Rs.11,30,561 as interest income, held that the interest payment\nreceived on compensation/enhanced compensation

BISHAN CHAND,CHANDIGARH vs. INCOME TAX OFFICER, WARD 5 (5), CHANDIGARH, CHANDIGARH

section 56, a deduction of a sum equal to fifty per cent. of such\nincome and no deduction shall be allowed under any other clause of this\nsection.\"\n21. The Assessing Officer in I. T. A. No. 132 of 2018 where the assessee had\nreceived Rs.11,30,561 as interest income, held that the interest payment\nreceived on compensation/enhanced compensation

SH. RAM LAL,CHANDIGARH vs. ITO, WARD-6(1), CHANDIGARH

section 56, a deduction of a sum equal to fifty per cent. of such\nincome and no deduction shall be allowed under any other clause of this\nsection.\"\n21. The Assessing Officer in I. T. A. No. 132 of 2018 where the assessee had\nreceived Rs.11,30,561 as interest income, held that the interest payment\nreceived on compensation/enhanced compensation