M/S FASTWAY TRANSMISSION (P) LTD.,CHANDIGARH vs. DCIT, CC-II, CHANDIGARH

In the result the captioned appeals of the assessee are

Bench: Shri N.K. Saini & Shri Sanjay Gargआयकर अपील सं./ Ita No.547/Chd/2017 "नधा"रण वष" / Assessment Year : 2013-14

29. Now the issue raised through Additional Ground of appeal 30. The Ld. DR has objected to the admission of additional ground of appeal at this stage. It has been submitted the additional ground is not a legal ground as the allowability of depreciation @ 60% or @ 15% is purely based on facts and classification of this Act, therefore, the above

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)

29 along with the same Taxable Profit for which deduction is allowable under section 80-IA{4)(iv) is also stated at Rs. 23,94,34,249/- at Point No. 30. Annexure 2 of our Reply to TPO provides with the Computation of the company profit in which it can be observed that company claimed 100% deduction of the taxable

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)

29 along with the same Taxable Profit for which deduction is allowable under section 80-IA{4)(iv) is also stated at Rs. 23,94,34,249/- at Point No. 30. Annexure 2 of our Reply to TPO provides with the Computation of the company profit in which it can be observed that company claimed 100% deduction of the taxable

ACIT, C-7, LUDHIANA vs. M/S CEIGALL INDIA LTD., LUDHIANA

In the result appeal of the Department is partly allowed for statistical purposes and the Cross Objection of the assessee is dismissed

Bench: The Appeal Is Finally Heard Or Disposed Off.

depreciation is to be allowed from the income determined by applying the net profit rate of 6.5%. 21. Vide ground no. 3 the grievance of the Department relates to the deletion of addition of Rs. 84,19,383/- made by the A.O. by invoking the provisions of section 69C of the act. 22. The facts related to this issue

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., 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., 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., 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