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

M/S RAGHU NATH RAI MEMORIAL EDUATIONAL & CHARITABLE TRUST,MOHALI vs. CIT (EXEMPTION), CHANDIGARH

In the result, the appeal of the assessee is, therefore,

Bench: Ms.Diva Singh & Ms.Annapurna Gupta(Under Section (5)(Vi) Of The Act) Raghu Nath Rai Memorial Vs. The Cit(Exemption), Educational & Charitable Trust, Chandigarh. H.No.2350, Sector 71, Mohali. Pan: Aaatr6500J (Appellant) (Respondent)

section. The assessee society was registered under the Societies Registration Act XXI on 29.9.2003 and was also registered u/s 12AA of the Act vide CIT-II, Chandigarh’s order dated 19.5.2004 and had also been granted approval u/s 10(23C(vi) of the Act vide order dated 21.8.2007. 3. During the course of hearing before the Ld.CIT

ASSISTANT COMMISSIONER OF INCOME TAX, PANCHKULA CIRCLE, PANCHKULA, PANCHKULA vs. VENUS REMEDIES LIMITED, CHANDIGARH

In the result, the appeal of the Revenue is dismissed

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

224/- was waived by the lender pursuant to a One Time Settlement (OTS). The Ld. AO treated this waiver as taxable income under Section 28(iv) of the Income Tax Act, 1961, holding it to be a benefit arising from the assessee's business, and added the said amount to the total income. 4. The assessee carried the matter

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

section 13(1)(c) is to judge the reasonableness of the payments made to the members of the society and secondly and more importantly, there is no finding of the AO that the society is not working towards the objects of education etc. as defined in its Memorandum and Rules and Regulations. No case of siphoning off of the funds

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

section 13(1)(c) is to judge the reasonableness of the payments made to the members of the society and secondly and more importantly, there is no finding of the AO that the society is not working towards the objects of education etc. as defined in its Memorandum and Rules and Regulations. No case of siphoning off of the funds

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

section 13(1)(c) is to judge the reasonableness of the payments made to the members of the society and secondly and more importantly, there is no finding of the AO that the society is not working towards the objects of education etc. as defined in its Memorandum and Rules and Regulations. No case of siphoning off of the funds

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

section 13(1)(c) is to judge the reasonableness of the payments made to the members of the society and secondly and more importantly, there is no finding of the AO that the society is not working towards the objects of education etc. as defined in its Memorandum and Rules and Regulations. No case of siphoning off of the funds

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

section 13(1)(c) is to judge the reasonableness of the payments made to the members of the society and secondly and more importantly, there is no finding of the AO that the society is not working towards the objects of education etc. as defined in its Memorandum and Rules and Regulations. No case of siphoning off of the funds

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

section 13(1)(c) is to judge the reasonableness of the payments made to the members of the society and secondly and more importantly, there is no finding of the AO that the society is not working towards the objects of education etc. as defined in its Memorandum and Rules and Regulations. No case of siphoning off of the funds

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

section 13(1)(c) is to judge the reasonableness of the payments made to the members of the society and secondly and more importantly, there is no finding of the AO that the society is not working towards the objects of education etc. as defined in its Memorandum and Rules and Regulations. No case of siphoning off of the funds

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

section 13(1)(c) is to judge the reasonableness of the payments made to the members of the society and secondly and more importantly, there is no finding of the AO that the society is not working towards the objects of education etc. as defined in its Memorandum and Rules and Regulations. No case of siphoning off of the funds

GEETA VIDYA MANDIR SIKSHA SAMITI,NARAINGARH vs. ITO, (E), AMBALA

In the result, appeal of the assessee is allowed for statistical purposes

Bench: The Appeal Is Finally Heard Or Disposed Off.

224, wherein Corpus donations of Rs 3622500/- was received as per details given below:- a) Donations of Rs 2130000/- by 85 persons. b) Corpus/building fund of Rs 1482500/- paid by 228 students (specified funds). The Hon'ble IT AT allowed the deduction as Corpus donation and further also allowed benefit of section 10(23C)(iiiad) of IT Act, thus

ACIT, CHANDIGARH vs. M/S A.B. SUGARS LTD., CHANDIGARH

In the result, there is no merit in the appeal of the Revenue and the same is accordingly dismissed

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaआयकर अपील सं./ Ita No. 1051/Chd/2018 "नधा"रण वष" / Assessment Year : 2011-12 The Dcit, M/S A.B. Sugars Ltd., बनाम Circle 1(1), (Formerly Known As M/S Guru Chandigarh Teg Bahadur Sugar Ltd.,) H.No. 77,Sector 11-A, Chandigarh "थायी लेखा सं./Pan No: Aabcg3045M अपीलाथ"/Appellant ""यथ"/Respondent

section 14A are applicable even when no exempt income has been earned. 6. On the facts and in circumstances of the case and in law the ITAT has erred in deleting the addition made on account of capitalization of interest related to CWIP as there was a huge addition of fixed assets and interest was required to be capitalized

ASSTT.COMMISSIONER OF INCOME TAX, LUDHIANA vs. M/S MRS.BECTORS FOOD SPECILTIES LTD, LUDHIANA

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

224 of 2013 dated 24/07/2015, and judgment in the case of a CIT Vs. Omax bikes limited ITA number 1085/2013 A.Y. 2008-09 dt. 24/07/2015 , Hero Cycles Vs. CIT ITA NO. 314 & 493/2013 A.Y. 2009-10 dt. 16/02/2016 wherein it has been held that if sufficient interest free funds are available the presumption is that the advances have been made

ASSTT.COMMISSIONER OF INCOME TAX, LUDHIANA vs. M/S MRS.BECTORS FOOD SPECILTIES LTD, LUDHIANA

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

224 of 2013 dated 24/07/2015, and judgment in the case of a CIT Vs. Omax bikes limited ITA number 1085/2013 A.Y. 2008-09 dt. 24/07/2015 , Hero Cycles Vs. CIT ITA NO. 314 & 493/2013 A.Y. 2009-10 dt. 16/02/2016 wherein it has been held that if sufficient interest free funds are available the presumption is that the advances have been made

ACIT, LUDHIANA vs. M/S MRS. BECTORS FOOD SPECIALTIES PVT. LTD., LUDHIANA

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

224 of 2013 dated 24/07/2015, and judgment in the case of a CIT Vs. Omax bikes limited ITA number 1085/2013 A.Y. 2008-09 dt. 24/07/2015 , Hero Cycles Vs. CIT ITA NO. 314 & 493/2013 A.Y. 2009-10 dt. 16/02/2016 wherein it has been held that if sufficient interest free funds are available the presumption is that the advances have been made

ASSTT.COMMISSIONER OF INCOME TAX, LUDHIANA vs. M/S MRS.BECTORS FOOD SPECILTIES LTD, LUDHIANA

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

224 of 2013 dated 24/07/2015, and judgment in the case of a CIT Vs. Omax bikes limited ITA number 1085/2013 A.Y. 2008-09 dt. 24/07/2015 , Hero Cycles Vs. CIT ITA NO. 314 & 493/2013 A.Y. 2009-10 dt. 16/02/2016 wherein it has been held that if sufficient interest free funds are available the presumption is that the advances have been made

ASSTT.COMMISSIONER OF INCOME TAX, LUDHIANA vs. M/S MRS.BECTORS FOOD SPECILTIES LTD, LUDHIANA

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

224 of 2013 dated 24/07/2015, and judgment in the case of a CIT Vs. Omax bikes limited ITA number 1085/2013 A.Y. 2008-09 dt. 24/07/2015 , Hero Cycles Vs. CIT ITA NO. 314 & 493/2013 A.Y. 2009-10 dt. 16/02/2016 wherein it has been held that if sufficient interest free funds are available the presumption is that the advances have been made