RAJESH KHANNA,NEELKANTH PLYWOOD, YAMUNANAGAR vs. INCOME TAX OFFICER, WARD-3, INCOME TAX OFFICER, YAMUNANAGAR

In the result, the assessee's appeal in ITA

Bench: SHRI A.D.JAIN (Vice President), SHRI KRINWANT SAHAY (Accountant Member)

355(Delhi). Furthermore, it is seen that due procedure has been followed by the Assessing Officer during the entire Re-Assessment proceedings and the appellant has failed to substantiate the basis on which the jurisdiction for Re-Assessment is being challenged. It may be pointed out that the AO acquires the jurisdiction to Re- open Assessment U/s.147 on the basis

INCOME TAX OFFICER, YAMUNA NAGAR vs. RAJESH KHANNA, YAMUNA NAGAR

In the result, the assessee's appeal in ITA

Bench: SHRI A.D.JAIN (Vice President), SHRI KRINWANT SAHAY (Accountant Member)

355(Delhi). Furthermore, it is seen that due procedure has been followed by the Assessing Officer during the entire Re-Assessment proceedings and the appellant has failed to substantiate the basis on which the jurisdiction for Re-Assessment is being challenged. It may be pointed out that the AO acquires the jurisdiction to Re- open Assessment U/s.147 on the basis

M/S ASHA TECHNOLOGIES,KALA AMB vs. ITO, SIRMOUR

In the result, both the above appeals of the Assessee are partly allowed as aforesaid in respect of impugned orders dt

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

section 40A(3) of Income Tax Act 1961 .Therefore, this amount of Rs 1,23,299/- is added back to the income of the assessee being unexplained cash credit since the same are not reflected in assessee's regular books of accounts on those relevant dates.. Since the above transaction also violated the provisions of section

M/S ASHA TECHNOLOGIES,SIRMOUR vs. ADDL. CIT, SOLAN

In the result, both the above appeals of the Assessee are partly allowed as aforesaid in respect of impugned orders dt

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

section 40A(3) of Income Tax Act 1961 .Therefore, this amount of Rs 1,23,299/- is added back to the income of the assessee being unexplained cash credit since the same are not reflected in assessee's regular books of accounts on those relevant dates.. Since the above transaction also violated the provisions of section

ACIT, CHANDIGARH vs. M/S GLAXO SMITHKLINE ASIA PVT. LTD., GURGAON

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

depreciation which is of no relevance since the entire claim of expenses has been allowed treating it as revenue in nature 21. The issue of allowability of market research expenses, accordingly, is decided in favour of the assessee. Issue No.6: The disallowance of post retirement medical benefit holding this expenditure as being in the nature of contingent liability, raised

GLAXOSMITHKLINE ASIA PVT. LTD.,GURGAON vs. DCIT, CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

depreciation which is of no relevance since the entire claim of expenses has been allowed treating it as revenue in nature 21. The issue of allowability of market research expenses, accordingly, is decided in favour of the assessee. Issue No.6: The disallowance of post retirement medical benefit holding this expenditure as being in the nature of contingent liability, raised

M/S GLAXO SMITHKLINE ASIA PVT. LTD.,GURGAON vs. ACIT, C-4(1), CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

depreciation which is of no relevance since the entire claim of expenses has been allowed treating it as revenue in nature 21. The issue of allowability of market research expenses, accordingly, is decided in favour of the assessee. Issue No.6: The disallowance of post retirement medical benefit holding this expenditure as being in the nature of contingent liability, raised

ACIT, CHANDIGARH vs. M/S GLAXO SMITHKLINE ASIA PVT. LTD., GURGAON

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

depreciation which is of no relevance since the entire claim of expenses has been allowed treating it as revenue in nature 21. The issue of allowability of market research expenses, accordingly, is decided in favour of the assessee. Issue No.6: The disallowance of post retirement medical benefit holding this expenditure as being in the nature of contingent liability, raised

M/S GLAXOSMITHKLINE ASIA PVT. LTD.,GURGAON vs. ACIT, CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

depreciation which is of no relevance since the entire claim of expenses has been allowed treating it as revenue in nature 21. The issue of allowability of market research expenses, accordingly, is decided in favour of the assessee. Issue No.6: The disallowance of post retirement medical benefit holding this expenditure as being in the nature of contingent liability, raised

GLAXOSMITHKLINE ASIA PVT. LTD.,GURGAON vs. ACIT, CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

depreciation which is of no relevance since the entire claim of expenses has been allowed treating it as revenue in nature 21. The issue of allowability of market research expenses, accordingly, is decided in favour of the assessee. Issue No.6: The disallowance of post retirement medical benefit holding this expenditure as being in the nature of contingent liability, raised

ACIT, CHANDIGARH vs. M/S GLAXO SMITHKLINE ASIA PVT. LTD., GURGAON

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

depreciation which is of no relevance since the entire claim of expenses has been allowed treating it as revenue in nature 21. The issue of allowability of market research expenses, accordingly, is decided in favour of the assessee. Issue No.6: The disallowance of post retirement medical benefit holding this expenditure as being in the nature of contingent liability, raised

GLAXOSMITHKLINE ASIA PVT. LTD.,GURGAON vs. ACIT, CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

depreciation which is of no relevance since the entire claim of expenses has been allowed treating it as revenue in nature 21. The issue of allowability of market research expenses, accordingly, is decided in favour of the assessee. Issue No.6: The disallowance of post retirement medical benefit holding this expenditure as being in the nature of contingent liability, raised

M/S GLAXO SMITHKLINE ASIA PVT. LTD.,NABHA vs. DCIT, C-4(1), CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

depreciation which is of no relevance since the entire claim of expenses has been allowed treating it as revenue in nature 21. The issue of allowability of market research expenses, accordingly, is decided in favour of the assessee. Issue No.6: The disallowance of post retirement medical benefit holding this expenditure as being in the nature of contingent liability, raised

GLAXOSMITHKLINE ASIA PVT. LTD.,GURGAON vs. DCIT, CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

depreciation which is of no relevance since the entire claim of expenses has been allowed treating it as revenue in nature 21. The issue of allowability of market research expenses, accordingly, is decided in favour of the assessee. Issue No.6: The disallowance of post retirement medical benefit holding this expenditure as being in the nature of contingent liability, raised

M/S GLAXO SMITHKLINE ASIA PVT. LTD.,GURGAON vs. ACIT, C-4(1), CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

depreciation which is of no relevance since the entire claim of expenses has been allowed treating it as revenue in nature 21. The issue of allowability of market research expenses, accordingly, is decided in favour of the assessee. Issue No.6: The disallowance of post retirement medical benefit holding this expenditure as being in the nature of contingent liability, raised

ACIT, CHANDIGARH vs. M/S GLAXO SMITHKLINE ASIA PVT. LTD., GURGAON

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

depreciation which is of no relevance since the entire claim of expenses has been allowed treating it as revenue in nature 21. The issue of allowability of market research expenses, accordingly, is decided in favour of the assessee. Issue No.6: The disallowance of post retirement medical benefit holding this expenditure as being in the nature of contingent liability, raised