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)

66,06,128 - Rs. 2,13,304) as claimed by the Assessee Company were relating to depreciation of rented building, furniture and fixtures, hardware and software, office equipment's and vehicles deployed in the rented building. These assets have no direct or indirect connection with CWIP & PWIP. The necessary material in this regard was produced before

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)

66,06,128 - Rs. 2,13,304) as claimed by the Assessee Company were relating to depreciation of rented building, furniture and fixtures, hardware and software, office equipment's and vehicles deployed in the rented building. These assets have no direct or indirect connection with CWIP & PWIP. The necessary material in this regard was produced before

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)

66,06,128 - Rs. 2,13,304) as claimed by the Assessee Company were relating to depreciation of rented building, furniture and fixtures, hardware and software, office equipment's and vehicles deployed in the rented building. These assets have no direct or indirect connection with CWIP & PWIP. The necessary material in this regard was produced before

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)

66,06,128 - Rs. 2,13,304) as claimed by the Assessee Company were relating to depreciation of rented building, furniture and fixtures, hardware and software, office equipment's and vehicles deployed in the rented building. These assets have no direct or indirect connection with CWIP & PWIP. The necessary material in this regard was produced before

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)

66,06,128 - Rs. 2,13,304) as claimed by the Assessee Company were relating to depreciation of rented building, furniture and fixtures, hardware and software, office equipment's and vehicles deployed in the rented building. These assets have no direct or indirect connection with CWIP & PWIP. The necessary material in this regard was produced before

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)

66,06,128 - Rs. 2,13,304) as claimed by the Assessee Company were relating to depreciation of rented building, furniture and fixtures, hardware and software, office equipment's and vehicles deployed in the rented building. These assets have no direct or indirect connection with CWIP & PWIP. The necessary material in this regard was produced before

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)

66,06,128 - Rs. 2,13,304) as claimed by the Assessee Company were relating to depreciation of rented building, furniture and fixtures, hardware and software, office equipment's and vehicles deployed in the rented building. These assets have no direct or indirect connection with CWIP & PWIP. The necessary material in this regard was produced before

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)

66,06,128 - Rs. 2,13,304) as claimed by the Assessee Company were relating to depreciation of rented building, furniture and fixtures, hardware and software, office equipment's and vehicles deployed in the rented building. These assets have no direct or indirect connection with CWIP & PWIP. The necessary material in this regard was produced before

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)

66,06,128 - Rs. 2,13,304) as claimed by the Assessee Company were relating to depreciation of rented building, furniture and fixtures, hardware and software, office equipment's and vehicles deployed in the rented building. These assets have no direct or indirect connection with CWIP & PWIP. The necessary material in this regard was produced before

ACIT, CHANDIGARH vs. THE PUNJABI UNIVERSITY, PATIALA

In the result, appeal of the Revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Manoj Kumar Aggarwal

depreciation of Rs.25,43,66,930/-. The AO was of the view that by Finance Act, 2015, sub-section (6) of Section

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”.

66,78,419/- Society 2 Add: 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

THE SIKH EDUCATIONAL SOCIETY,PATIALA vs. ADDL. CIT, RANGE, 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”.

66,78,419/- Society 2 Add: 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

KAKA SINGH ALIAS GULJAR SINGH,PATIALA vs. INCOME TAX OFFICER , PATIALA

section 57.\nThe said provision reads thus:\n\"57. Deductions.-The income chargeable under the head 'Income from other\nsources' shall be computed after making the following deductions, namely :.\n(iv) in the case of income of the nature referred to in clause (viii) of sub-\nsection (2) of section 56, a deduction of a sum equal to fifty

M/S JAIN AMAR CLOTHING PRIVATE LIMITED,LUDHIANA vs. DCIT-CC-3, LUDHIANA

In the result, appeal of the assessee is allowed

Bench: Or At The Time Of Hearing.

66,569/- should not be disallowed under section 37 of the Act. 3.2 In response the assessee filed reply on 21/12/2019 and stated that as per Clause 8 of the lease deed the assessee will be responsible for any wear and tear, maintenance and other repairs of the building. Thus, the loss on account of fire was claimed as revenue

ASPEE SONS,SOLAN vs. INCOME TAX OFFICER, PARWANOO, PARWANOO

In the result, appeal of the assessee is allowed for statistical purposes

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

66,616/- u/s 271(1)(c) even when the initiation of penalty and its imposition thereof is completely vague without specification of limb of s. 271(1)(c) for which the same has been initiated and also finally imposed. 5. That on facts, circumstances and legal position of the case, the impugned penalty order passed

M/S TJR PROPERTIES PVT. LTD.,CHANDIGARH vs. ACIT, CC-2, CHANDIGARH

In the result, the Appeal is partly allowed

Bench: Shri A.D. Jain & Shri Vikram Singh Yadav

66,547/- without any justification. 11. That the learned CIT(A) has wrongly upheld disallowance of depreciation on vehicle to the extent of Rs. 9,01,873/- without any justification. ITA 4/CHD/2023 A.Y. 2015-16 3 12. That the appellant craves leave to add, alter, amend or withdraw any grounds of appeal before the final hearing. 3.1 The assessee

SAHIBZADA TIMBER AND PLY PRIVATE LIMITED ,MOHALI vs. DCIT, ACIT CENTRAL CIRCLE-2, CHANDIGARH, CHANDIGARH

In the result, the appeal of the assessee is dismissed

Bench: SHRI. VIKRAM SINGH YADAV, AM आयकर अपील सं./ ITA No. 699/Chd/2024 निर्धारण वर्ष / Assessment Year : 2019-20 M/s Sahibzada Timber & Ply Private Limited B41-42, Phase-3, Indl. Aera, SAS Nagar Mohali, Punjab बनाम The DCIT Central Circle-2 Chandigarh स्थायी लेखा सं./PAN NO: AAQCS2239G अपीलार्थी/Appellant प्रत्यर्थी/Respondent निर्धारिती की ओर से/Assessee by : Shri Mohit Dhiman, C.A राजस्व की ओर से/ Revenue by : Dr. Ranjeet Kaur, Sr. DR Shri Dharam Vir, Addl. CIT, Sr.DR सुनवाई की तारीख/Date of He

66 ITR 622 where section 12B of the 1922 Act fell for consideration. Section 12B of the 1922 Act as it was in force on April, 1, 1947 read as under:- "Section 12-B of the Income Tax Act as it was in force on April 1, 1947 provided as follows: "12-B. (1) Capital Gains.— The tax shall

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

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