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83 results for “depreciation”+ Section 58clear

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Key Topics

Section 26351Addition to Income36Section 143(3)33Section 143(2)31Section 153A26Section 25320Section 80I19Section 250(6)17Section 142(1)16

A.B. SUGARS LIMITED,PUNJAB vs. PRINCIPAL COMMISSIONER OF INCOME TAX-1, CHANDIGARH

In the result, the appeal of the assessee is allowed

ITA 300/CHANDI/2024[2017-2018]Status: DisposedITAT Chandigarh16 Dec 2024AY 2017-2018

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

For Appellant: Shri T.N. Singla, C.AFor Respondent: Shri Rohit Sharma, CIT DR
Section 143(3)Section 263Section 80ISection 92C

58,85,729 b) Inter-Unit i) Baggasse purchased from Sugar Division Eliminated (Increase/ Decrease in inventories of finished goods, WIP 2,28,39,000 and traded goods Employee Benefit Expenses 43,43,021 Depreciation and Amortization Expenses 4,54,86,758 Other Expenses 3,68,07,307 Total 11,53,61,815 Expenditure (B) Profit from COGEN Division

Showing 1–20 of 83 · Page 1 of 5

Depreciation16
Disallowance12
Deduction12

A.B. SUGARS LIMITED,PUNJAB vs. PRINCIPAL COMMISSIONER OF INCOME TAX -1, CHANDIGARH, CHANDIGARH

In the result, the appeal of the assessee is allowed

ITA 299/CHANDI/2024[2018-2019]Status: DisposedITAT Chandigarh16 Dec 2024AY 2018-2019

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

For Appellant: Shri T.N. Singla, C.AFor Respondent: Shri Rohit Sharma, CIT DR
Section 143(3)Section 263Section 80ISection 92C

58,85,729 b) Inter-Unit i) Baggasse purchased from Sugar Division Eliminated (Increase/ Decrease in inventories of finished goods, WIP 2,28,39,000 and traded goods Employee Benefit Expenses 43,43,021 Depreciation and Amortization Expenses 4,54,86,758 Other Expenses 3,68,07,307 Total 11,53,61,815 Expenditure (B) Profit from COGEN Division

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

In the result, the appeal is allowed

ITA 870/CHANDI/2019[2015-16]Status: DisposedITAT Chandigarh04 Jan 2024AY 2015-16

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

For Appellant: Shri Aman Parti, AdvocateFor Respondent: Shri Anil Sharma, JCIT, Sr.DR
Section 10Section 11

58,982/- made by the Assessing Officer by invoking the provisions of Sections 11 & 12 of the Income Tax Act. 7. The Assessing Officer held, while making the addition, that as per the provisions of Sections 11 & 12, all receipts collected from the students, in whatever form, are to be considered as income of the Trust/Society; that the funds

SHIVA SPECIALITY YARNS LTD.,LUDHIANA vs. THE DY. COMMISSIONER OF INCOME TAX, CIRCLE-I, LUDHIANA

Appeal of the assessee is allowed for

ITA 1049/CHANDI/2024[2018-19]Status: DisposedITAT Chandigarh22 Jan 2025AY 2018-19

Bench: Shri Rajpal Yadav & Shri Vikram Singh Yadav

For Appellant: Shri Navneet Sehgal, CA and Ms. Naina Gaba Sehgal, CAFor Respondent: Smt. Kusum Bansal, CIT DR
Section 139(1)Section 139(3)Section 143(2)Section 270ASection 80

Section 143(2) of the Act was issued and served upon the assessee. On scrutiny of the accounts, it revealed to the AO that in this current year, assessee has loss of Rs.23,85,13,392/-and out of that a sum of Rs.4,58,73,644/- represent the unabsorbed depreciation

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

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

ITA 260/CHANDI/2023[2011-12]Status: DisposedITAT Chandigarh19 Feb 2025AY 2011-12

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

For Appellant: Shri Vineet Thakral Advocate And Shri Raman Aggarwal, C.AFor Respondent: Smt. Kusum Bansal, CIT, DR

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 account. The addition has wrongly been made and so the same is deleted. From the above discussion it is clear that the AO did not raise any dispute or objections with

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

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

ITA 261/CHANDI/2023[2012-13]Status: DisposedITAT Chandigarh19 Feb 2025AY 2012-13

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

For Appellant: Shri Vineet Thakral Advocate And Shri Raman Aggarwal, C.AFor Respondent: Smt. Kusum Bansal, CIT, DR

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 account. The addition has wrongly been made and so the same is deleted. From the above discussion it is clear that the AO did not raise any dispute or objections with

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

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

ITA 258/CHANDI/2023[2009-10]Status: DisposedITAT Chandigarh19 Feb 2025AY 2009-10

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

For Appellant: Shri Vineet Thakral Advocate And Shri Raman Aggarwal, C.AFor Respondent: Smt. Kusum Bansal, CIT, DR

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 account. The addition has wrongly been made and so the same is deleted. From the above discussion it is clear that the AO did not raise any dispute or objections with

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

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

ITA 266/CHANDI/2023[2017-18]Status: DisposedITAT Chandigarh19 Feb 2025AY 2017-18

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

For Appellant: Shri Vineet Thakral Advocate And Shri Raman Aggarwal, C.AFor Respondent: Smt. Kusum Bansal, CIT, DR

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 account. The addition has wrongly been made and so the same is deleted. From the above discussion it is clear that the AO did not raise any dispute or objections with

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

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

ITA 259/CHANDI/2023[2010-11]Status: DisposedITAT Chandigarh19 Feb 2025AY 2010-11

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

For Appellant: Shri Vineet Thakral Advocate And Shri Raman Aggarwal, C.AFor Respondent: Smt. Kusum Bansal, CIT, DR

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 account. The addition has wrongly been made and so the same is deleted. From the above discussion it is clear that the AO did not raise any dispute or objections with

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

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

ITA 262/CHANDI/2023[2013-14]Status: DisposedITAT Chandigarh19 Feb 2025AY 2013-14

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

For Appellant: Shri Vineet Thakral Advocate And Shri Raman Aggarwal, C.AFor Respondent: Smt. Kusum Bansal, CIT, DR

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 account. The addition has wrongly been made and so the same is deleted. From the above discussion it is clear that the AO did not raise any dispute or objections with

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

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

ITA 264/CHANDI/2023[2015-16]Status: DisposedITAT Chandigarh19 Feb 2025AY 2015-16

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

For Appellant: Shri Vineet Thakral Advocate And Shri Raman Aggarwal, C.AFor Respondent: Smt. Kusum Bansal, CIT, DR

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 account. The addition has wrongly been made and so the same is deleted. From the above discussion it is clear that the AO did not raise any dispute or objections with

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

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

ITA 265/CHANDI/2023[2016-17]Status: DisposedITAT Chandigarh19 Feb 2025AY 2016-17

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

For Appellant: Shri Vineet Thakral Advocate And Shri Raman Aggarwal, C.AFor Respondent: Smt. Kusum Bansal, CIT, DR

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 account. The addition has wrongly been made and so the same is deleted. From the above discussion it is clear that the AO did not raise any dispute or objections with

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

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

ITA 263/CHANDI/2023[2014-15]Status: DisposedITAT Chandigarh19 Feb 2025AY 2014-15

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

For Appellant: Shri Vineet Thakral Advocate And Shri Raman Aggarwal, C.AFor Respondent: Smt. Kusum Bansal, CIT, DR

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 account. The addition has wrongly been made and so the same is deleted. From the above discussion it is clear that the AO did not raise any dispute or objections with

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

ITA 528/CHANDI/2024[2011-12]Status: DisposedITAT Chandigarh27 Feb 2025AY 2011-12

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

For Appellant: Shri Tejmohan Singh, AdvocateFor Respondent: Shri Ved Parkash Kalia Sr. DR
Section 115JSection 143(1)Section 143(3)Section 147Section 148

Section 147 is attracted. The reasons to believe ought to also paraphrase any investigation report which may form the basis of the reasons and any enquiry conducted by the AO on the same and if so, the conclusions thereof; (iii) where the reasons make a reference to another document, whether as a letter or report, such document and/ or relevant

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

In the result, both the appeals are allowed

ITA 798/CHANDI/2024[2015-16]Status: DisposedITAT Chandigarh15 Jul 2025AY 2015-16

Bench: Shri Rajpal Yadav & Shri Krinwant Sahay

For Respondent: Shri Manav Bansal, CIT DR
Section 11Section 12ASection 142(1)Section 143(2)Section 143(3)Section 2(15)

Depreciation disallowed and excess of income 2,82,41,720 over expenditure Total Taxable Income 10,47,74,451 5. The assessee has taken eight grounds of appeal in assessment year 2014-15 and ten grounds of appeal in assessment year 2015-16. In brief, its grievance revolves around the additions noticed by us in the above table and rest

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

In the result, both the appeals are allowed

ITA 797/CHANDI/2024[2014-15]Status: DisposedITAT Chandigarh15 Jul 2025AY 2014-15

Bench: Shri Rajpal Yadav & Shri Krinwant Sahay

For Respondent: Shri Manav Bansal, CIT DR
Section 11Section 12ASection 142(1)Section 143(2)Section 143(3)Section 2(15)

Depreciation disallowed and excess of income 2,82,41,720 over expenditure Total Taxable Income 10,47,74,451 5. The assessee has taken eight grounds of appeal in assessment year 2014-15 and ten grounds of appeal in assessment year 2015-16. In brief, its grievance revolves around the additions noticed by us in the above table and rest

S.P. SINGLA CONSTRUCTION PRIVATE LIMITED,DELHI vs. DEPUTY COMMISSIONER OF INCOME TAX, CHANDIGARH

In the result, the appeal is allowed

ITA 514/CHANDI/2023[2012-2013]Status: DisposedITAT Chandigarh02 Jan 2025AY 2012-2013

Bench: SHRI MAHAVIR SINGH (Vice President), SHRI KRINWANT SAHAY (Accountant Member)

For Appellant: Shri Ashwani Kumar, CAFor Respondent: Smt. Kusum Bansal, CIT-DR
Section 127Section 132Section 143(3)Section 147Section 148Section 148(2)Section 153Section 153A

58,438/-. The assessee has replied these details and also filed the details of all work done by these sub contracts during original assessment proceedings vide questionnaire dated 11.11.2014, particularly Question No.10. The details filed by the assessee before us now in Paper Book at pages 1638 to 1776 clearly show that these details were made available ITA 514/CHD/2023

M/S GOLD STAR AMCO STEELS PVT. LTD.,LUDHIANA vs. DCIT, C-1, LUDHIANA

In the results, the book results as duly audited need to be accepted and the addition so made is hereby directed to be deleted

ITA 1164/CHANDI/2017[2012-13]Status: DisposedITAT Chandigarh04 Jun 2024AY 2012-13

Bench: 30Th Of September 2013 And, As Such, Framing Of Assessment By The Assessing Officer Without Observing Mandatory

For Appellant: Shri Sudhir Sehgal, AdvocateFor Respondent: Shri Manveet Singh Sehgal, Sr. DR
Section 143(2)Section 144Section 68

58,572/- as against the returned loss of Rs. 2,46,67,816/-. 6. While passing the assessment order, the AO made an addition of Rs. 32,50,000/- under Section 68 of the Act on account of share application money received by the assessee during the year, Rs. 2,76,67,243/- under Section 68 on account of advances

DCIT, C-1, LUDHIANA vs. M/S GOLD STAR AMCO STEELS PVT. LTD., LUDHIANA

In the results, the book results as duly audited need to be accepted and the addition so made is hereby directed to be deleted

ITA 1198/CHANDI/2017[2012-13]Status: DisposedITAT Chandigarh04 Jun 2024AY 2012-13

Bench: 30Th Of September 2013 And, As Such, Framing Of Assessment By The Assessing Officer Without Observing Mandatory

For Appellant: Shri Sudhir Sehgal, AdvocateFor Respondent: Shri Manveet Singh Sehgal, Sr. DR
Section 143(2)Section 144Section 68

58,572/- as against the returned loss of Rs. 2,46,67,816/-. 6. While passing the assessment order, the AO made an addition of Rs. 32,50,000/- under Section 68 of the Act on account of share application money received by the assessee during the year, Rs. 2,76,67,243/- under Section 68 on account of advances

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

ITA 825/CHANDI/2023[2012-2013]Status: DisposedITAT Chandigarh21 Nov 2024AY 2012-2013

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

For Appellant: Shri Sudhir Sehgal, AdvocateFor Respondent: Shri Rohit Sharma, CIT DR
Section 144Section 253Section 263

58 taxmann.com 65(Chandigarh-Trib) Where Assessing Officer allowed 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