SBS BIOTECH UNIT II,SIRMOUR 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)

depreciation in any year), as on the first day of the previous year in which the substantial expansion is undertaken." 9. The circular makes it clear that section 80IC of the Act was inserted to give effect to the new package announced by the Union Cabinet. The circular further clarifies that this section provides for deduction for a period

ACIT, C-4(1), CHANDIGARH vs. M/S WINSOME TEXTILE INDUSTRIES LTD., CHANDIGARH

In the result, the appeal of the Revenue is dismissed

Bench: Shri N.K. Saini & Shri R.L Negi

depreciation for the AY 2008-09 and 2009-10 income of the assessee was computed as nil. The assessee challenged the assessment order before the CIT(A). The Ld. CIT(A) after hearing the assessee set aside the assessment order and deleted the additions. Against the said findings of the Ld. CIT(A), the revenue is in appeal before this

ACIT, CIRCLE 1(1), CHANDIGARH vs. M/S SML ISUZU LTD., CHANDIGARH

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

depreciation allowance or any other allowance under the Act has been computed. [Para 5] In the instant case, after the service of the notice under section 148, the assessee had filed its objections for reopening the assessment to the effect that in the light of the binding decision of High Court and the decision of the Tribunal there

KHANDELIA OIL & GENERAL MILLS LTD.,CHANDIGARH vs. ADDL. CIT, CHANDIGARH

In the result, Appeal of the Revenue and the Cross Appeal of the Assessee are partly allowed for statistical purposes

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumar

depreciation. The Assessing Officer is hereby directed to go through the documents submitted, satisfy himself and allow as per the rules in force and in accordance with the provisions of the Income Tax Act,1961. 8.8 As a result the appeal of the Revenue is dismissed. 9. Ground No. 8 of the Revenue’s Appeal and Ground

DCIT, CHANDIGARH vs. M/S KHANDELIA OIL & GENERAL MILLS PVT. LTD., CHANDIGARH

In the result, Appeal of the Revenue and the Cross Appeal of the Assessee are partly allowed for statistical purposes

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumar

depreciation. The Assessing Officer is hereby directed to go through the documents submitted, satisfy himself and allow as per the rules in force and in accordance with the provisions of the Income Tax Act,1961. 8.8 As a result the appeal of the Revenue is dismissed. 9. Ground No. 8 of the Revenue’s Appeal and Ground

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

6 years. The role of Management, the Directors, the Principal and the other administrative heads cannot be undermined and therefore the salaries and emoluments granted to them (in the form of rent free accommodation to Directors) do not appear to be excessive vis-à-vis the services offered by these people to the assessee Society. The increments granted to these

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

6 years. The role of Management, the Directors, the Principal and the other administrative heads cannot be undermined and therefore the salaries and emoluments granted to them (in the form of rent free accommodation to Directors) do not appear to be excessive vis-à-vis the services offered by these people to the assessee Society. The increments granted to these

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

6 years. The role of Management, the Directors, the Principal and the other administrative heads cannot be undermined and therefore the salaries and emoluments granted to them (in the form of rent free accommodation to Directors) do not appear to be excessive vis-à-vis the services offered by these people to the assessee Society. The increments granted to these

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

6 years. The role of Management, the Directors, the Principal and the other administrative heads cannot be undermined and therefore the salaries and emoluments granted to them (in the form of rent free accommodation to Directors) do not appear to be excessive vis-à-vis the services offered by these people to the assessee Society. The increments granted to these

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

6 years. The role of Management, the Directors, the Principal and the other administrative heads cannot be undermined and therefore the salaries and emoluments granted to them (in the form of rent free accommodation to Directors) do not appear to be excessive vis-à-vis the services offered by these people to the assessee Society. The increments granted to these

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

6 years. The role of Management, the Directors, the Principal and the other administrative heads cannot be undermined and therefore the salaries and emoluments granted to them (in the form of rent free accommodation to Directors) do not appear to be excessive vis-à-vis the services offered by these people to the assessee Society. The increments granted to these

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

6 years. The role of Management, the Directors, the Principal and the other administrative heads cannot be undermined and therefore the salaries and emoluments granted to them (in the form of rent free accommodation to Directors) do not appear to be excessive vis-à-vis the services offered by these people to the assessee Society. The increments granted to these

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

6 years. The role of Management, the Directors, the Principal and the other administrative heads cannot be undermined and therefore the salaries and emoluments granted to them (in the form of rent free accommodation to Directors) do not appear to be excessive vis-à-vis the services offered by these people to the assessee Society. The increments granted to these

M/S JAIN AMAR CLOTHING PRIVATE LIMITED,LUDHIANA vs. DCIT-CC-3, LUDHIANA

In the result, appeal of the assessee is allowed

Bench: Or At The Time Of Hearing.

195 to 199, Return of Income of the Assessment year 2016-17 and computation chart for the assessment year 2016-17 Your kind attention is also invited to the depreciation chart in the computation chart which is placed in paper book at page no 199, the additions on account of building and electrical fittings are mentioned in the depreciation chart

M/S HERITAGE EDUCATIONAL SOCIETY,CHANDIGARH vs. DCIT, C-1, (E), CHANDIGARH

6. The next issue is that vide reply dated 15.12.2015 submitted by the counsel of the assessee during assessment proceedings A.Y. 2014-15, as per the balance sheet as on 31.03.2011 shown the loss of Rs. 12.40 crores and stated the society is maintaining separate books of accounts of MJs Heritage Educational Society & M/s Delhi Public School. After the consolidated

M/S HERITAGE EDUCATIONAL SOCIETY,CHANDIGARH vs. DCIT, C-1, (E), CHANDIGARH

6. The next issue is that vide reply dated 15.12.2015 submitted by the counsel of the assessee during assessment proceedings A.Y. 2014-15, as per the balance sheet as on 31.03.2011 shown the loss of Rs. 12.40 crores and stated the society is maintaining separate books of accounts of MJs Heritage Educational Society & M/s Delhi Public School. After the consolidated

M/S HERITAGE EDUCATIONAL SOCIETY,CHANDIGARH vs. DCIT, C-1, (E), CHANDIGARH

6. The next issue is that vide reply dated 15.12.2015 submitted by the counsel of the assessee during assessment proceedings A.Y. 2014-15, as per the balance sheet as on 31.03.2011 shown the loss of Rs. 12.40 crores and stated the society is maintaining separate books of accounts of MJs Heritage Educational Society & M/s Delhi Public School. After the consolidated

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

6 Ozone Pharmaceuticals Ltd. 0.3% 7 Laboratories Ltd. 2.1% 8 Elysium Pharmaceuticals Ltd. 2.3% 9 Resonance Specialties Ltd. 2.5% ITA Nos.219 to 222,225 to 227,242, 228, 344/Chd/2017 ITA No.1495/Chd/2019 A.Ys. 2007-08 to 2015-16 Page 56 of 120 10 Triochem Products Ltd. 5.7% 11 Advik Laboratories Ltd. 6.6% 12 Panchsheel Organics Ltd. 9.00% 13 Wockhardt