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

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

M/S SHUBHAM COTTON MILLS PVT. LTD.,ELLENABAD vs. DCIT, CIRCLE, SIRSA

In the result appeal of the assessee is allowed

section 133A of the Act. It is thus submitted that the entire sum declared as income has been offered to tax separately in the Profit & Loss Account furnished alongwith return of income. 3. It is submitted that if the aforesaid sum is excluded from Profit 8B Loss Account, the revised Profit 8B LOSS Account is as under

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

3) and now there is a binding judgment of the Hon'ble Apex Court. 4. Your goodself's attention is invited to the judgement of 'Hon'ble Apex Court' in the case of Queen's Educational Society V/s CIT as reported in [20151 55 taxmann.com 255 (SO, in which, it has been held as under: 'Section

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

3) and now there is a binding judgment of the Hon'ble Apex Court. 4. Your goodself's attention is invited to the judgement of 'Hon'ble Apex Court' in the case of Queen's Educational Society V/s CIT as reported in [20151 55 taxmann.com 255 (SO, in which, it has been held as under: 'Section

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

3) and now there is a binding judgment of the Hon'ble Apex Court. 4. Your goodself's attention is invited to the judgement of 'Hon'ble Apex Court' in the case of Queen's Educational Society V/s CIT as reported in [20151 55 taxmann.com 255 (SO, in which, it has been held as under: 'Section

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

3) and now there is a binding judgment of the Hon'ble Apex Court. 4. Your goodself's attention is invited to the judgement of 'Hon'ble Apex Court' in the case of Queen's Educational Society V/s CIT as reported in [20151 55 taxmann.com 255 (SO, in which, it has been held as under: 'Section

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

3) and now there is a binding judgment of the Hon'ble Apex Court. 4. Your goodself's attention is invited to the judgement of 'Hon'ble Apex Court' in the case of Queen's Educational Society V/s CIT as reported in [20151 55 taxmann.com 255 (SO, in which, it has been held as under: 'Section

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

3) and now there is a binding judgment of the Hon'ble Apex Court. 4. Your goodself's attention is invited to the judgement of 'Hon'ble Apex Court' in the case of Queen's Educational Society V/s CIT as reported in [20151 55 taxmann.com 255 (SO, in which, it has been held as under: 'Section

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

3) and now there is a binding judgment of the Hon'ble Apex Court. 4. Your goodself's attention is invited to the judgement of 'Hon'ble Apex Court' in the case of Queen's Educational Society V/s CIT as reported in [20151 55 taxmann.com 255 (SO, in which, it has been held as under: 'Section

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

3) and now there is a binding judgment of the Hon'ble Apex Court. 4. Your goodself's attention is invited to the judgement of 'Hon'ble Apex Court' in the case of Queen's Educational Society V/s CIT as reported in [20151 55 taxmann.com 255 (SO, in which, it has been held as under: '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)

3) of the Act and not from the end of the financial year from passing of the subsequent reassessment order under section 147 of the Act. 25. In this regard, useful guidance can be drawn from the decision of Hon’ble Supreme Court in case of CIT Vs. Alagendran Finance Ltd. [2007] 162 Taxman 465. The issue which arose

EXOTIC REALTORS AND DEVELOPERS,CHANDIGARH vs. PR.CIT-1, CHANDIGARH

In the result, appeal of the assessee is allowed

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

3, NEW DELHI VERSUS DELHI AIRPORT METRO EXPRESS PVT. LTD. COURT [2017] 398 ITR 8 DELHI HIGH wherein it has been held that – “In the context of the present case if, as urged by the Revenue, the Assessee has wrongly claimed depreciation on assets like land and building, it was incumbent upon the PCIT to undertake an inquiry

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)

3 of our reply to TPO provides with the calculation of taxable profit in power division amounting to Rs. 23,94,34,249/- in which Depreciation as per Companies Act has been added back and reduced by Depreciation calculated as Income Tax Act from Book Profit calculated in the Profit and Loss of Power Division. " Moreover, as per section

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)

3 of our reply to TPO provides with the calculation of taxable profit in power division amounting to Rs. 23,94,34,249/- in which Depreciation as per Companies Act has been added back and reduced by Depreciation calculated as Income Tax Act from Book Profit calculated in the Profit and Loss of Power Division. " Moreover, as per section

KANDI FRIENDS EDUCATIONAL TRUST,ROPAR vs. DEPUTY COMMISSIONER OF INCOME TAX, CHANDIGARH

In the result, both the appeals are allowed

Bench: Shri Rajpal Yadav & Shri Krinwant Sahay

3) of the Income Tax Act but took a contrary stand in these years. He submitted that as per the proviso to Section 11(2), the period of the stay is required to be excluded from the alleged ITA Nos. 797 & 798/CHD/2024 A.Y.2014-15 & 2015-16 18 period of five years, therefore, assessee is protected by the proviso appended with

KANDI FRIENDS EDUCATIONAL TRUST,ROPAR vs. DEPUTY COMMISSION OF INCOME TAX, CL. 1, EXEMPTION, CHANDIGARH

In the result, both the appeals are allowed

Bench: Shri Rajpal Yadav & Shri Krinwant Sahay

3) of the Income Tax Act but took a contrary stand in these years. He submitted that as per the proviso to Section 11(2), the period of the stay is required to be excluded from the alleged ITA Nos. 797 & 798/CHD/2024 A.Y.2014-15 & 2015-16 18 period of five years, therefore, assessee is protected by the proviso appended with

JCIT(OSD), C-1, (E), CHANDIGARH vs. THE SIKH EDUCATIONAL SOCIETY, PATIALA

Bench: The Ld. Cit(A) Against Assessment Order Dt. 30/03/2013 Which Was Passed By Additional Commissioner Of Income Tax, Patiala Range, Patiala, Punjab Which Order Is Hereinafter Referred To As “Ao’S Order”.

Depreciation on building under construction as 3,21,88,727/- discussed above 3 Addition on account donations as discussed above Rs. 46,000/- 4 Addition on account of conveyance allowance as Rs. 10,06,000/- discussed above. 5 Total assessed income. Rs. 6,99,19,146/- Order under section