KATIANI EDUCATION SOCIETY,KULLU vs. DCIT, MANDI

In the result, the appeals of the assessee in ITA Nos

Bench: Shri Sanjay Garg & Ms. Annapurna Gupta

234-A, B and C which is consequential in nature, whereas, ground No.10 is general in nature and need not to be adjudicated. In view of this, the appeal of the assessee is treated as partly allowed. 30 Now coming to assessee’s appeal for assessment year 2011-12. The assessee in this appeal has taken as many

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)

234,614) and deduction under Section 54F amounting to Rs. 37,00,000/-, the Long Term Capital Gains were determined at Rs. 1,57,62,283/- and after taking into consideration, the income originally assessed under section 143(3) amounting to Rs. 3,69,540/-, the reassessed income was determined at Rs. 1,61,31,823/-. 5. The assessment records

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, 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

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

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,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

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, SANGRUR vs. M/S H.M. STEEL LTD., SANGRUR

In the result, this appeal of the Revenue is partly allowed

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumarआयकर अपील सं Ita No. 366/Chd/2013 "नधा"रण वष" / Assessment Year : 2008-09

depreciation has no direct or proximate connection as an expense incurred for earning any income from such industrial undertaking and is being allowed because of statutory provisions like statutory policies. 7. That the learned Appellate Authority wrongly and illegally failed to consider and give any finding that interest U/s 234B and 234-C, on the facts and circumstances

DCIT, SANGRUR vs. M/S H.M. STEEL LTD., SANGRUR

In the result, this appeal of the Revenue is partly allowed

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumarआयकर अपील सं Ita No. 366/Chd/2013 "नधा"रण वष" / Assessment Year : 2008-09

depreciation has no direct or proximate connection as an expense incurred for earning any income from such industrial undertaking and is being allowed because of statutory provisions like statutory policies. 7. That the learned Appellate Authority wrongly and illegally failed to consider and give any finding that interest U/s 234B and 234-C, on the facts and circumstances

ACIT, SANGRUR vs. M/S H.M.STEELS LTD, DIRBA

In the result, this appeal of the Revenue is partly allowed

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumarआयकर अपील सं Ita No. 366/Chd/2013 "नधा"रण वष" / Assessment Year : 2008-09

depreciation has no direct or proximate connection as an expense incurred for earning any income from such industrial undertaking and is being allowed because of statutory provisions like statutory policies. 7. That the learned Appellate Authority wrongly and illegally failed to consider and give any finding that interest U/s 234B and 234-C, on the facts and circumstances

M/S H.M. STEEL LTD.,SANGRUR vs. ADDL. CIT, SANGRUR

In the result, this appeal of the Revenue is partly allowed

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumarआयकर अपील सं Ita No. 366/Chd/2013 "नधा"रण वष" / Assessment Year : 2008-09

depreciation has no direct or proximate connection as an expense incurred for earning any income from such industrial undertaking and is being allowed because of statutory provisions like statutory policies. 7. That the learned Appellate Authority wrongly and illegally failed to consider and give any finding that interest U/s 234B and 234-C, on the facts and circumstances

DCIT, SANGRUR vs. M/S H.M. STEEL LTD., SANGRUR

In the result, this appeal of the Revenue is partly allowed

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumarआयकर अपील सं Ita No. 366/Chd/2013 "नधा"रण वष" / Assessment Year : 2008-09

depreciation has no direct or proximate connection as an expense incurred for earning any income from such industrial undertaking and is being allowed because of statutory provisions like statutory policies. 7. That the learned Appellate Authority wrongly and illegally failed to consider and give any finding that interest U/s 234B and 234-C, on the facts and circumstances

H.M. STEELS LTD.,SANGRUR vs. ACIT, SANGRUR

In the result, this appeal of the Revenue is partly allowed

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumarआयकर अपील सं Ita No. 366/Chd/2013 "नधा"रण वष" / Assessment Year : 2008-09

depreciation has no direct or proximate connection as an expense incurred for earning any income from such industrial undertaking and is being allowed because of statutory provisions like statutory policies. 7. That the learned Appellate Authority wrongly and illegally failed to consider and give any finding that interest U/s 234B and 234-C, on the facts and circumstances