M/S FASTWAY TRANSMISSION (P) LTD.,CHANDIGARH vs. ACIT, 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

94,63,987 Head ends = Rs.7,90,48,205 Total = Rs.144,67,82,258 The AO further noted from the Notes to Accounts, forming part of the Balance Sheet that the assessee had treated the arrangement with CISCO as a Finance lease capitalizing the principal component (cost plus custom duty) of the agreed lease rent. The assessee debited only

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

94,63,987 Head ends = Rs.7,90,48,205 Total = Rs.144,67,82,258 The AO further noted from the Notes to Accounts, forming part of the Balance Sheet that the assessee had treated the arrangement with CISCO as a Finance lease capitalizing the principal component (cost plus custom duty) of the agreed lease rent. The assessee debited only

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

94,63,987 Head ends = Rs.7,90,48,205 Total = Rs.144,67,82,258 The AO further noted from the Notes to Accounts, forming part of the Balance Sheet that the assessee had treated the arrangement with CISCO as a Finance lease capitalizing the principal component (cost plus custom duty) of the agreed lease rent. The assessee debited only

DEPUTY COMMISSIONER OF INCOME TAX, CHANDIGARH vs. WINSOME TEXTILE INDUSTRIES LTD, CHANDIGARH

94,005/-). In\naddition, the AO also treated the GDR receipt of Rs.6,45,00,000/-being share\ncapital and Rs.38,30,88,075/- being security premium totaling to Rs.\n44,75,88,075/- as income from undisclosed sources and which was brought to\ntax by invoking the provisions of Section 68 of the Act. The AO further

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

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

94,005/-). In addition, the AO also treated the GDR receipt of Rs. 6,45,00,000/-being share capital and Rs. 38,30,88,075/- being security premium totaling to Rs. 44,75,88,075/- as income from undisclosed sources and which was brought to tax by invoking the provisions of Section 68 of the Act. The AO further

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

94,000 2,88,366 Singh Sardana, # 3085 Sector 21 D, Chandigarh 7. Usha Sardana Salary Rent Interest Salary Rent Interest Salary Rent Interest ITA 02/Chd/2020 & 7 Ors. M/s Manav Mangal Society Vs DCIT(E) D/o Shri Satya 5,09,564 3,03,463 6,42,960 2,192 7,62,732 66,250 Dev Chaudhary, # 3085 Sector

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

94,000 2,88,366 Singh Sardana, # 3085 Sector 21 D, Chandigarh 7. Usha Sardana Salary Rent Interest Salary Rent Interest Salary Rent Interest ITA 02/Chd/2020 & 7 Ors. M/s Manav Mangal Society Vs DCIT(E) D/o Shri Satya 5,09,564 3,03,463 6,42,960 2,192 7,62,732 66,250 Dev Chaudhary, # 3085 Sector

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

94,000 2,88,366 Singh Sardana, # 3085 Sector 21 D, Chandigarh 7. Usha Sardana Salary Rent Interest Salary Rent Interest Salary Rent Interest ITA 02/Chd/2020 & 7 Ors. M/s Manav Mangal Society Vs DCIT(E) D/o Shri Satya 5,09,564 3,03,463 6,42,960 2,192 7,62,732 66,250 Dev Chaudhary, # 3085 Sector

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

94,000 2,88,366 Singh Sardana, # 3085 Sector 21 D, Chandigarh 7. Usha Sardana Salary Rent Interest Salary Rent Interest Salary Rent Interest ITA 02/Chd/2020 & 7 Ors. M/s Manav Mangal Society Vs DCIT(E) D/o Shri Satya 5,09,564 3,03,463 6,42,960 2,192 7,62,732 66,250 Dev Chaudhary, # 3085 Sector

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

94,000 2,88,366 Singh Sardana, # 3085 Sector 21 D, Chandigarh 7. Usha Sardana Salary Rent Interest Salary Rent Interest Salary Rent Interest ITA 02/Chd/2020 & 7 Ors. M/s Manav Mangal Society Vs DCIT(E) D/o Shri Satya 5,09,564 3,03,463 6,42,960 2,192 7,62,732 66,250 Dev Chaudhary, # 3085 Sector

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

94,000 2,88,366 Singh Sardana, # 3085 Sector 21 D, Chandigarh 7. Usha Sardana Salary Rent Interest Salary Rent Interest Salary Rent Interest ITA 02/Chd/2020 & 7 Ors. M/s Manav Mangal Society Vs DCIT(E) D/o Shri Satya 5,09,564 3,03,463 6,42,960 2,192 7,62,732 66,250 Dev Chaudhary, # 3085 Sector

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

94,000 2,88,366 Singh Sardana, # 3085 Sector 21 D, Chandigarh 7. Usha Sardana Salary Rent Interest Salary Rent Interest Salary Rent Interest ITA 02/Chd/2020 & 7 Ors. M/s Manav Mangal Society Vs DCIT(E) D/o Shri Satya 5,09,564 3,03,463 6,42,960 2,192 7,62,732 66,250 Dev Chaudhary, # 3085 Sector

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

94,000 2,88,366 Singh Sardana, # 3085 Sector 21 D, Chandigarh 7. Usha Sardana Salary Rent Interest Salary Rent Interest Salary Rent Interest ITA 02/Chd/2020 & 7 Ors. M/s Manav Mangal Society Vs DCIT(E) D/o Shri Satya 5,09,564 3,03,463 6,42,960 2,192 7,62,732 66,250 Dev Chaudhary, # 3085 Sector

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

94,302 Total Taxable income 5,23,74,106 ITA Nos. 797 & 798/CHD/2024 A.Y.2014-15 & 2015-16 4 Assessment year 2015-16 Particular Amount (In INR) Returned Income Nil Disallowance of Honorarium (Rs. 30,61,129/-) 1,07,39,814 and travelling and conveyance expense along with cost of vehicles (Rs. 76,78,685/-) Disallowance of Interest on Advances

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

94,302 Total Taxable income 5,23,74,106 ITA Nos. 797 & 798/CHD/2024 A.Y.2014-15 & 2015-16 4 Assessment year 2015-16 Particular Amount (In INR) Returned Income Nil Disallowance of Honorarium (Rs. 30,61,129/-) 1,07,39,814 and travelling and conveyance expense along with cost of vehicles (Rs. 76,78,685/-) Disallowance of Interest on Advances

BANGA HOSPITALS PRIVATE LIMITED,MANDI vs. ITO, MANDI

In the result, appeal of the Assessee is partly allowed

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

94,000/- as unexplained, invoking the provisions of Section 69A, and made the addition. The assessee contended that these cash deposits were fully accounted for and were received from patients and sale of medicines, which was permitted under the RBI Notification during the demonetization period. It was submitted that detailed books of accounts, cash book entries, pharmacy sales registers

ACIT, LUDHIANA vs. VARDHMAN TEXTILES LTD., LUDHIANA

In the result appeals of the Assessee and the Revenue are partly allowed

Bench: Smt. Diva Singh & Dr. B.R.R. Kumarassessment Year: 2002-03

Depreciation to the indirect cost of Trading Goods while calculating deduction u/s 80HHC of Income Tax Act, ignoring the fact that full amount of these expenses were not related to the trading activities. 7. That the Ld. CIT(A) has erred in law and on the facts while confirming the action of the assessing officer for disallowing

ACIT,, LUDHIANA vs. M/S VARDHMAN TEXTILES LTD.,, LUDHIANA

In the result appeals of the Assessee and the Revenue are partly allowed

Bench: Smt. Diva Singh & Dr. B.R.R. Kumarassessment Year: 2002-03

Depreciation to the indirect cost of Trading Goods while calculating deduction u/s 80HHC of Income Tax Act, ignoring the fact that full amount of these expenses were not related to the trading activities. 7. That the Ld. CIT(A) has erred in law and on the facts while confirming the action of the assessing officer for disallowing