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

depreciation rate of 60 % should not be allowed to assessee. 5. Further various submissions made by the assessee during the assessment proceedings are analyzed as under: • However, first of all it is observed that the order of Hon'ble ITAT in the case of CISCO System(India) Pvt. Limited is related to the Audit Video Conferencing devices and depreciation

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)

66,75,246 (Power Division (Eligible Unit)-5,20,25,050 & Other Divisions (Non-Eligible Units)- 9,46,50,196) and Depreciation as Income Tax Act has been Reduced at Rs. 13,68,80,557 (Power Division (Eligible Unit)- 43,16,890 & Other Divisions (Non-Eligible Units)-13,25,63,667). In addition, we are enclosing copy of Depreciation Chart

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)

66,75,246 (Power Division (Eligible Unit)-5,20,25,050 & Other Divisions (Non-Eligible Units)- 9,46,50,196) and Depreciation as Income Tax Act has been Reduced at Rs. 13,68,80,557 (Power Division (Eligible Unit)- 43,16,890 & Other Divisions (Non-Eligible Units)-13,25,63,667). In addition, we are enclosing copy of Depreciation Chart

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., 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., 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

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

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

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