DEPUTY COMMISSIONER OF INCOME TAX, CHANDIGARH vs. WINSOME TEXTILE INDUSTRIES LTD, CHANDIGARH

29,15,034/- has escaped assessment within the\nmeaning of Section 147 of the Act and another notice under section 148 was\nissued on 31/03/2018 which was served on the assessee on the said date.\n6. In response to the notice under section 148, the assessee filed its return of\nincome on 19/04/2018 declaring total income as declared

M/S PAGRO FROZEN FOODS PVT. LTD.,CHANDIGARH vs. ITO, W-2(3), CHANDIGARH

The appeal of the Assessee is dismissed

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

depreciation by virtue of the concept of the actual cost under section 43(1) r.w. Explanation 10. It cannot be said that the grant in aid is only a measure under the scheme but it can correctly be said that grant in aid is for plant and machinery and technical civil work only. 29

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)

depreciation was also dealt with accordingly. 14.3 Further, in case the AO, after passing of the order, felt it so necessary, he would have invoked the provisions of Section 154 in order to rectify, if he so felt it necessary to do so. 15. Still further, it was only and only the AO passing the order originally who could have

WINSOME TEXTILE INDUSTRIES LIMITED,CHANDIGARH vs. ASSTT. COMMISSIONER OF INCOME TAX, CIRCLE-4(1), CHANDIGARH, CHANDIGARH

In the result, the appeal of the assessee is partly allowed and the appeal of the Revenue is dismissed

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

29,15,034/- has escaped assessment within the meaning of Section 147 of the Act and another notice under section 148 was issued on 31/03/2018 which was served on the assessee on the said date. 6. In response to the notice under section 148, the assessee filed its return of income on 19/04/2018 declaring total income as declared

VIMAL ALLOYS PRIVATE LIMITED, MANDI GOBINDGARH,PUNJAB vs. JAO THE DEPUTY COMMISSIONER OF INCOME TAX CIRCLE, PATIALA, PUNJAB

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

section 148, of the Income-tax Act, 1961 - Depreciation - Allowance/Rate of (Rate of depreciation/ATMs) - Assessment years 2005-06 to 2007-08 - Assessee bank installed ATMs, and claimed depreciation at rate of 60 per cent by treating it as computer - Assessing Officer sought to reopen case on ground that depreciation allowable on plant and machinery was to be allowed - Reasons

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MOHALI

In the result, the appeal filed by the Revenue is dismissed

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

29,775/- Less: Expenditure transferred directly to Rs. 89.34,401/ respective account Net Salary & Wages Rs. 2,61,95,374/- Allocated to CWIP Rs. 1,52,03,795/- % of allocated CWIP 58% It appears that there was some confusion in the mind of the Assessing Officer, because he has not taken into account the expenditure transferred directly to the respective

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MPHALI

In the result, the appeal filed by the Revenue is dismissed

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

29,775/- Less: Expenditure transferred directly to Rs. 89.34,401/ respective account Net Salary & Wages Rs. 2,61,95,374/- Allocated to CWIP Rs. 1,52,03,795/- % of allocated CWIP 58% It appears that there was some confusion in the mind of the Assessing Officer, because he has not taken into account the expenditure transferred directly to the respective

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MPHALI

In the result, the appeal filed by the Revenue is dismissed

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

29,775/- Less: Expenditure transferred directly to Rs. 89.34,401/ respective account Net Salary & Wages Rs. 2,61,95,374/- Allocated to CWIP Rs. 1,52,03,795/- % of allocated CWIP 58% It appears that there was some confusion in the mind of the Assessing Officer, because he has not taken into account the expenditure transferred directly to the respective

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MPHALI

In the result, the appeal filed by the Revenue is dismissed

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

29,775/- Less: Expenditure transferred directly to Rs. 89.34,401/ respective account Net Salary & Wages Rs. 2,61,95,374/- Allocated to CWIP Rs. 1,52,03,795/- % of allocated CWIP 58% It appears that there was some confusion in the mind of the Assessing Officer, because he has not taken into account the expenditure transferred directly to the respective

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MOHALI

In the result, the appeal filed by the Revenue is dismissed

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

29,775/- Less: Expenditure transferred directly to Rs. 89.34,401/ respective account Net Salary & Wages Rs. 2,61,95,374/- Allocated to CWIP Rs. 1,52,03,795/- % of allocated CWIP 58% It appears that there was some confusion in the mind of the Assessing Officer, because he has not taken into account the expenditure transferred directly to the respective

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MPHALI

In the result, the appeal filed by the Revenue is dismissed

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

29,775/- Less: Expenditure transferred directly to Rs. 89.34,401/ respective account Net Salary & Wages Rs. 2,61,95,374/- Allocated to CWIP Rs. 1,52,03,795/- % of allocated CWIP 58% It appears that there was some confusion in the mind of the Assessing Officer, because he has not taken into account the expenditure transferred directly to the respective

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MOHALI

In the result, the appeal filed by the Revenue is dismissed

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

29,775/- Less: Expenditure transferred directly to Rs. 89.34,401/ respective account Net Salary & Wages Rs. 2,61,95,374/- Allocated to CWIP Rs. 1,52,03,795/- % of allocated CWIP 58% It appears that there was some confusion in the mind of the Assessing Officer, because he has not taken into account the expenditure transferred directly to the respective

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MOHALI

In the result, the appeal filed by the Revenue is dismissed

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

29,775/- Less: Expenditure transferred directly to Rs. 89.34,401/ respective account Net Salary & Wages Rs. 2,61,95,374/- Allocated to CWIP Rs. 1,52,03,795/- % of allocated CWIP 58% It appears that there was some confusion in the mind of the Assessing Officer, because he has not taken into account the expenditure transferred directly to the respective

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MOHALI

In the result, the appeal filed by the Revenue is dismissed

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

29,775/- Less: Expenditure transferred directly to Rs. 89.34,401/ respective account Net Salary & Wages Rs. 2,61,95,374/- Allocated to CWIP Rs. 1,52,03,795/- % of allocated CWIP 58% It appears that there was some confusion in the mind of the Assessing Officer, because he has not taken into account the expenditure transferred directly to the respective

NAHAR POLY FILMS LIMITED,LUDHIANA vs. DCIT, CIRCLE-1, LUDHIANA

In the result, the appeal is allowed

Bench: Shri A.D. Jain & Dr Krinwant Sahayआयकर अपील सं./ Ita No. 458/Chd/2023 "नधा"रण वष" / Assessment Year: 2015-2016 Nahar Poly Films Limited, Vs. The Dcit, बनाम 375, Industrial Area-A, Circle-1, Ludhiana 141003 Aayakar Bhawan, Rishi Nagar, Ludhiana "थायी लेखा सं./Pan No: Aaacn5708K अपीलाथ"/ Appellant ""यथ"/ Repsondent ( Physical Hearing ) "नधा"रती क" ओर से/Assessee By : Sh. Navdeep Sharma, Advocate राज"व क" ओर से/ Revenue By : Smt. Kusum Bansal, Cit Dr सुनवाई क" तार"ख/Date Of Hearing : 29.05.2024 उदघोषणा क" तार"ख/Date Of Pronouncement : 19.08.2024 आदेश/Order Per Dr. Krinwant Sahay, A.M.:

depreciation was allowed but restricted to 50%. This issue has already been decided by the Hon'ble ITAT in favour of the assessee in ITA No. 201/Chd/2015 in the case of Nahar Spinning Mills Limited.” 22. The ld. DR relied on the order of the CIT(A). 23. We have considered the facts and findings on this issue given

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

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)

29 Contractors AANFA8994L 36,67,059 Rk Construction and 30 Engineers AAIFR2538Q 39,50,000 31 Bharat Construction AAFGB9151M 42,21,036 Adarsh Construction and 32 Engineers AANFA8995M 39,35,164 Tirupati Engineers and 33 Contractors AAEFT9240M 34,40,288 34 Ganga Constructions AAGFG1512M 41,19,600 35 Maaa Bhagwati enterprises AAMFM0246L 58,20,821 Omkar Engineers and 36 Contractors

SH. GURINDER MAKKAR,LUDHIANA vs. DCIT, CC-3, LUDHIANA

In the result, the appeal of the assessee is disposed off in light of aforesaid directions

Bench: SHRI. AAKASH DEEP JAIN (Vice President), SHRI. VIKRAM SINGH YADAV (Accountant Member)

29,23,000/-, without considering the fact that the same amount has been already surrendered by the assessee on account of “excess stock” found during the course of survey and taxes were paid accordingly. 4. That the Ld. CIT(A)5, Ludhiana has erred in disallowing depreciation amounting to Rs. 70,000/- on the building. 5. Notwithstanding, the above said