BHUPINDER SINGH SON OF SH. GURMUKH SINGH ,PUNJAB vs. THE PR COMMISSIONER OF INCOME TAX CHANDIGARH-1, C.R BUILDING HIMALAYA MARG, SECTOR 17-E, CHANDIGARH, PUNJAB

Appeal of the assessee is allowed

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

depreciation on forging press after being satisfied with explanation of assesse which was supported by documents, Commissioner was not justified in invoking jurisdiction under section 263

BHAGWATI STEEL PROCESSORS,CHANDIGARH vs. PCIT, CHANDIGARH

In the result, the appeal of the Assessee is allowed

Section 263 of the Income Tax Act, 1961 for\nthe assessment year 2021-22.\n2. In the present appeal Assessee has raised the following grounds:\n1. That the order of the Learned PCIT is bad, against the facts and law.\n2. That the details and explanation of Turnover, Unabsorbed Depreciation

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)

section 263(1) of the Act. This is because the order has been passed without making proper and requisite inquiries or verifications which should have been made, thus making the assessment order passed not only erroneous but also prejudicial to the interests of revenue interalia, in the matter of differential rates and amounts of depreciation

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)

section 263(1) of the Act. This is because the order has been passed without making proper and requisite inquiries or verifications which should have been made, thus making the assessment order passed not only erroneous but also prejudicial to the interests of revenue interalia, in the matter of differential rates and amounts of depreciation

CEIGALL INDIA LIMITED, LUDHIANA,LUDHIANA vs. PRINCIPAL COMMISSIONER OF INCOME TAX, LUDHIANA, LUDHIANA

In the result, the appeal of the assessee stands allowed

Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. KRINWANT SAHAY (Accountant Member)

263 stage is not permissible. 3.5 The AR argued that the so-called discrepancy arose on account of “profit on sale of depreciable assets” of Rs.24.22 lakhs which was adjusted in block of assets u/s 50. The computation of income clearly reflected this treatment and the AO had accepted the same. The PCIT overlooked section

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)

depreciation on gas cylinders and goods containers. Though the return of income in respect of the "Lease Equalisation Fund" was not the subject matter of the reassessment proceedings, the Commissioner of Income Tax invoked his revisional jurisdiction under Section 263

SHRI BALBIR SINGH VERMA,SHIMLA vs. PR.CIT, SHIMLA

In the result, appeal of the Assessee is allowed

Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. KRINWANT SAHAY (Accountant Member)

263 of the Income Tax Act, 1961 by the Learned Principal Commissioner of Income Tax is bad in law in as much as the date of order as per the impugned order is 19.03.2020 and which has been signed without mentioning of a DIN. As per the separate order, the Learned Principal Commissioner of Income Tax has mentioned

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)

section 263 of CIT (A), Patiala before the Tribunal. 21. We have heard the rival contentions and purused the material available on record. We find that the present appeal arise out of the assessment order passed by the AO u/s 143(3) r/w 263 dated 24/07/14. In the revision order so passed by the ld CIT, Patiala, as we have

BABA HIRA SINGH BHATTAL INSTITUTE OF ENGINEERING & TECHNOLOGY,LEHRAGAGA vs. DCIT, (E), C-1, CHANDIGARH

In the result, the appeal is allowed

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

263 and Section 144B of the Act, the original assessment order dated 21.12.2017, which forms the genesis of the present dispute has now become ITA 870/CHD/2019 A.Y. 2015-16 12 null and void and as such, the appeal of the assessee may also be treated as null and void and be dismissed as such. 12. On the other hand

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1(1), CHANDIGARH, CHANDIGARH vs. UNIPRO TECHNO INFRASTRUCTURE PVT LTD, CHANDIGARH

In the result, the order of the ld CIT(A) is confirmed and the grounds of appeal taken by the Revenue are dismissed

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

263 in the 14. present case is that the Assessing Officer had not examined the claim of the assessee to deduction under section 80IA(4) vis-a-vis Explanation 13 to the said section which excludes profits earned from works contracts from deduction under section 80IA(4) of the Act. 15. On this account we are unable to agree with

DCIT-CC-III, LUDHIANA vs. M/S LAXMI ENERGY & FOODS LTD.,, CHANDIGARH

In the result, the appeal of the Revenue is dismissed

Bench: Shri A.D. Jain & Dr Krinwant Sahayआयकर अपील सं./ Ita No. 33/Chd/2021 "नधा"रण वष" / Assessment Year: 2011-12 The Dcit, Vs. M/S Laxmi Energy & Foods बनाम Ltd., Central Circle-Iii, Sco 18-19, Sector 9-D, Ludhiana Ludhiana "थायी लेखा सं./Pan No: Aaacl3147J अपीलाथ"/ Appellant ""यथ"/ Repsondent ( Hybrid Mode ) "नधा"रती क" ओर से/Assessee By : Sh. Sudhir Sehgal, Advocate राज"व क" ओर से/ Revenue By : Shri Rohit Sharma, Cit Dr सुनवाई क" तार"ख/Date Of Hearing : 06.06.2024 उदघोषणा क" तार"ख/Date Of Pronouncement : 10.07.2024 आदेश/Order Per Dr. Krinwant Sahay, A.M.:

depreciation on the said plant and machinery. In our view, once the company is an ongoing concern and the plant and 33-Chd-2021 Laxmi Energy and Foods Ltd, Chandigarh 5 machinery are used for the purpose of production, there is hardly anything left for the Assessee to produce as evidence that such plant and machinery

M/S CHEEMA BOILERS LTD.,,MOHALI vs. PR. CIT-2, MOHALI

In the result, the appeal is dismissed

Bench: Shri Krinwant Sahay & Shri Paresh M. Joshiआयकर अपील सं./ Ita No. 748/Chd/2018 "नधा"रण वष" / Assessment Year : 2013-14

section 263 of the Act, is illegal, arbitrary and against the facts of the case. 3. That assessee craves the right to add/amend/delete any ground/s of appeal before adjudication. 3. The only issue involved in this case is against the order passed by the ld. PCIT-2 Chandigarh u/s 263 of the Income Tax Act, 1961 (in short

VISHAL PAPER TECH (INDIA) LIMITED,DERABASSI vs. ACIT CIRCLE-2(1), CHANDIGARH

Appeal of the assessee is allowed

Bench: Shri Rajpal Yadav & Shri Manoj Kumar Aggarwal

Section 263 of the Income Tax Act. The ld. Counsel for the assessee has submitted that against the original assessment order dated 17.11.2017, assessee was aggrieved on account of denial of additional depreciation

DY. COMMISSIONER OF INCOME TAX, CIRCLE-4,, AAYAKAR BHAWAN vs. ROCKMAN INDUSTRIES LIMITED, -

In the result order of CIT(A) is sustained as passed and the appeal of the Revenue is partly allowed for statistical purposes

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

263 is as under: Expenses Ludhiana Haridwar Legal, Prof & Consultation Charges Rs. 10,617,374 Rs. 3,025,968 Gen Admin Exp Rs. 7,709,887 Rs. 2,214,061 Gen Exp Others Rs. 8,52,144 Rs. 40,05,038 Domestic Traveling & Convey- Rs. 3,840,407 Rs. 1,104,566 other Foreign Traveling exp-others

ASSTT. COMMISSIONER OF INCOME TAX, CIRCLE-4, AAYAKAR BHAWAN vs. ROCKMAN INDUSTRIES LIMITED, -

In the result order of CIT(A) is sustained as passed and the appeal of the Revenue is partly allowed for statistical purposes

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

263 is as under: Expenses Ludhiana Haridwar Legal, Prof & Consultation Charges Rs. 10,617,374 Rs. 3,025,968 Gen Admin Exp Rs. 7,709,887 Rs. 2,214,061 Gen Exp Others Rs. 8,52,144 Rs. 40,05,038 Domestic Traveling & Convey- Rs. 3,840,407 Rs. 1,104,566 other Foreign Traveling exp-others

DCIT CIRCLE-4, LUDHIANA, LUDHIANA vs. ROCKMAN INDUSTRIES LTD, LUDHIANA

In the result order of CIT(A) is sustained as passed and the appeal of the Revenue is partly allowed for statistical purposes

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

263 is as under: Expenses Ludhiana Haridwar Legal, Prof & Consultation Charges Rs. 10,617,374 Rs. 3,025,968 Gen Admin Exp Rs. 7,709,887 Rs. 2,214,061 Gen Exp Others Rs. 8,52,144 Rs. 40,05,038 Domestic Traveling & Convey- Rs. 3,840,407 Rs. 1,104,566 other Foreign Traveling exp-others

DY. COMMISSIONER OF INCOME TAX, CIRCLE-4, LUDHIANA, - vs. ROCKMAN INDUSTRIES LTD, -

In the result order of CIT(A) is sustained as passed and the appeal of the Revenue is partly allowed for statistical purposes

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

263 is as under: Expenses Ludhiana Haridwar Legal, Prof & Consultation Charges Rs. 10,617,374 Rs. 3,025,968 Gen Admin Exp Rs. 7,709,887 Rs. 2,214,061 Gen Exp Others Rs. 8,52,144 Rs. 40,05,038 Domestic Traveling & Convey- Rs. 3,840,407 Rs. 1,104,566 other Foreign Traveling exp-others

DY. COMMISSIONER OF INCOME TAX, AAYAKAR BHAWAN vs. ROCKMAN INDUSTRIES LIMITED, FOCAL POINT

In the result order of CIT(A) is sustained as passed and the appeal of the Revenue is partly allowed for statistical purposes

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

263 is as under: Expenses Ludhiana Haridwar Legal, Prof & Consultation Charges Rs. 10,617,374 Rs. 3,025,968 Gen Admin Exp Rs. 7,709,887 Rs. 2,214,061 Gen Exp Others Rs. 8,52,144 Rs. 40,05,038 Domestic Traveling & Convey- Rs. 3,840,407 Rs. 1,104,566 other Foreign Traveling exp-others