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

disallowed by the AO have in fact been found to be actively engaged in rendering their respective services as is proved from the fact that during the course of survey on the assessee and the post survey enquiries, ail these parties have given their statements vis- a- vi s the salary being drawn by them from the Society

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

disallowed by the AO have in fact been found to be actively engaged in rendering their respective services as is proved from the fact that during the course of survey on the assessee and the post survey enquiries, ail these parties have given their statements vis- a- vi s the salary being drawn by them from the Society

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

disallowed by the AO have in fact been found to be actively engaged in rendering their respective services as is proved from the fact that during the course of survey on the assessee and the post survey enquiries, ail these parties have given their statements vis- a- vi s the salary being drawn by them from the Society

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

disallowed by the AO have in fact been found to be actively engaged in rendering their respective services as is proved from the fact that during the course of survey on the assessee and the post survey enquiries, ail these parties have given their statements vis- a- vi s the salary being drawn by them from the Society

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

disallowed by the AO have in fact been found to be actively engaged in rendering their respective services as is proved from the fact that during the course of survey on the assessee and the post survey enquiries, ail these parties have given their statements vis- a- vi s the salary being drawn by them from the Society

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

disallowed by the AO have in fact been found to be actively engaged in rendering their respective services as is proved from the fact that during the course of survey on the assessee and the post survey enquiries, ail these parties have given their statements vis- a- vi s the salary being drawn by them from the Society

ACIT-CENTRAL CIRCLE -1, LUDHIANA vs. M/S AARTI INTERNATIONAL LTD., LUDHIANA

The appeal of the Revenue is partly allowed in light of aforesaid directions

Bench: Cit(A)?

disallowances. Further, during the appellate proceedings, the assessee took an additional ground of appeal before the Ld. CIT(A) vide its letter dated 04.10.2016 stating that TUFS subsidy of Rs. 10,39,49,181/- which has been received by the assessee from the Ministry of Textiles is exempt from tax and should be reduced from the assessed income

MANPREET SINGH BHULLAR,PARWANOO vs. ITO, PARWANOO

In the result, appeal of the assessee is allowed

221 ITR 110 (Guj). 5. As regard disallowance of expenses for personal use, this does not include any element of concealment of particulars or filing of inaccurate particulars by the assessee. Mere disallowance in the assessment proceedings will not lead to the penalty u/s 271(1)(c). Addl. CIT v. Delhi Cloth & General Mills Co.Ltd

SJVN LIMITED,SHIMLA HIMACHAL PRADESH vs. ACIT , SHIMLA

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

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

Section 154 dt. 10/10/2022 requesting for rectification of demand by contending that as per the computation attached, demand of Rs. 275,30,33,942/- was erroneously determined and the following mistakes were pointed out by the assessee: 1. “In the computation of income, deemed income u/s 115JB has been taken wrongly at Rs. 21,06,42,20,687/- instead

THE HARYANA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT,PANCHKULA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE,, PANCHKULA

Appeal is allowed

Bench: BEFORE: SHRI. RAJPALYADAV (Vice President), SHRI. KRINWANT SAHAY (Accountant Member)

1–42 of the assessee’s paper book, the assessment records, and the judicial precedents cited by both parties. 8.1 The reassessment was initiated based on specific information regarding unexamined NPA provisions amounting to Rs. 27,66,41,513, which were not part of the original assessment under Section 143(3), wherein only a minor NPA provision

ASSISTANT COMMISSIONER OF INCOME TAX, PANCHKULA CIRCLE, PANCHKULA, PANCHKULA vs. THE HARYANA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT, PANCHKULA

Appeal is allowed

Bench: BEFORE: SHRI. RAJPALYADAV (Vice President), SHRI. KRINWANT SAHAY (Accountant Member)

1–42 of the assessee’s paper book, the assessment records, and the judicial precedents cited by both parties. 8.1 The reassessment was initiated based on specific information regarding unexamined NPA provisions amounting to Rs. 27,66,41,513, which were not part of the original assessment under Section 143(3), wherein only a minor NPA provision

THE HARYANA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT,PANCHKULA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE, PANCHKULA

Appeal is allowed

Bench: SHRI. RAJPALYADAV (Vice President), SHRI. KRINWANT SAHAY (Accountant Member)

1–42 of the assessee’s paper book, the assessment records, and the judicial precedents cited by both parties. 8.1 The reassessment was initiated based on specific information regarding unexamined NPA provisions amounting to Rs. 27,66,41,513, which were not part of the original assessment under Section 143(3), wherein only a minor NPA provision

ASSISTANT COMMISSIONER OF INCOME TAX, PANCHKULA CIRCLE, PANCHKULA, PANCHKULA vs. THE HARYANA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT, PANCHKULA

Appeal is allowed

Bench: SHRI. RAJPALYADAV (Vice President), SHRI. KRINWANT SAHAY (Accountant Member)

1–42 of the assessee’s paper book, the assessment records, and the judicial precedents cited by both parties. 8.1 The reassessment was initiated based on specific information regarding unexamined NPA provisions amounting to Rs. 27,66,41,513, which were not part of the original assessment under Section 143(3), wherein only a minor NPA provision

ASSISTANT COMMISSIONER OF INCOME TAX, PANCHKULA CIRCLE, PANCHKULA, PANCHKULA vs. THE HARYANA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT, PANCHKULA

Appeal is allowed

Bench: SHRI. RAJPALYADAV (Vice President), SHRI. KRINWANT SAHAY (Accountant Member)

1–42 of the assessee’s paper book, the assessment records, and the judicial precedents cited by both parties. 8.1 The reassessment was initiated based on specific information regarding unexamined NPA provisions amounting to Rs. 27,66,41,513, which were not part of the original assessment under Section 143(3), wherein only a minor NPA provision

THE HARYANA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT,PANCHKULA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE, PANCHKULA

Appeal is allowed

Bench: BEFORE: SHRI. RAJPALYADAV (Vice President), SHRI. KRINWANT SAHAY (Accountant Member)

1–42 of the assessee’s paper book, the assessment records, and the judicial precedents cited by both parties. 8.1 The reassessment was initiated based on specific information regarding unexamined NPA provisions amounting to Rs. 27,66,41,513, which were not part of the original assessment under Section 143(3), wherein only a minor NPA provision

THE HARYANA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT,PANCHKULA vs. DCIT,CIRCLE, PANCHKULA, PANCHKULA

Appeal is allowed

Bench: BEFORE: SHRI. RAJPALYADAV (Vice President), SHRI. KRINWANT SAHAY (Accountant Member)

1–42 of the assessee’s paper book, the assessment records, and the judicial precedents cited by both parties. 8.1 The reassessment was initiated based on specific information regarding unexamined NPA provisions amounting to Rs. 27,66,41,513, which were not part of the original assessment under Section 143(3), wherein only a minor NPA provision

THE HARYANA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT,PANCHKULA vs. DCIT, CIRCLE, PANCHKULA, PANCHKULA

Appeal is allowed

Bench: BEFORE: SHRI. RAJPALYADAV (Vice President), SHRI. KRINWANT SAHAY (Accountant Member)

1–42 of the assessee’s paper book, the assessment records, and the judicial precedents cited by both parties. 8.1 The reassessment was initiated based on specific information regarding unexamined NPA provisions amounting to Rs. 27,66,41,513, which were not part of the original assessment under Section 143(3), wherein only a minor NPA provision

PUNJAB STATE COOP. BANK LTD.,CHANDIGARH vs. ACIT, CL-2(1), CHANDIGARH

In the result the impugned order of Ld

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

Section 43D of the Income Tax Act 1961. The same uniform accounting principle is followed by the banks in India for accounting of amount received under OTS. Sir, the assessing officer has disallowed the amount Rs.7,43,000/- as income of the assessee by holding as under: The assessee claims NPA as an expenditure under the Income