CEE ENN ESTATES PRIVATE LIMITED BAREWAL SUKHMANI ENCLAVE LUDHIANA,LUDHIANA vs. INCOME TAX OFFICER WARD 1(5) LUDHIANA RISHI NAGAR LUDHIANA, INCOME TAX OFFICER LUDHIANA RISHI NAGAR LUDHINA

In the result, appeal of the Assessee is allowed

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

disallowed, and the resultant interest under sections 234B and 234C was found to be statutorily correct. 7. Against the order

PUNJAB CHEMICALS & CROP. PROTECTION LTD.,CHANDIGARH vs. DCIT, CHANDIGARH

The appeals of the assessee are allowed for statistical purposes

Bench: Smt. Diva Singh & Dr. B.R.R. Kumarassessment Year: 2008-09

disallowance made on this account be deleted. 7. As per the facts and circumstance of the case and as per the provisions of law, the Dispute Resolution Panel has erred in its directions and the assessing officer has erred in making addition on account of mark up of Rs. 31,73,8097- in the reimbursement of expenses claimed from overseas

M/S PUNJAB CHEMICALS & CROP. PROTECTION LTD.,CHANDIGARH vs. ADDL. CIT, CHANDIGARH

The appeals of the assessee are allowed for statistical purposes

Bench: Smt. Diva Singh & Dr. B.R.R. Kumarassessment Year: 2008-09

disallowance made on this account be deleted. 7. As per the facts and circumstance of the case and as per the provisions of law, the Dispute Resolution Panel has erred in its directions and the assessing officer has erred in making addition on account of mark up of Rs. 31,73,8097- in the reimbursement of expenses claimed from overseas

TYNOR ORTHOTICS PRIVATE LIMITED,MOHALI vs. ASSTT. COMMISSIONER OF INCOME TAX, CIRCLE 6(1), MOHALI, MOHALI

In the result, appeal of the Assessee is partly allowed

Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. MANOJ KUMAR AGGARWAL (Accountant Member)

disallowances of Rs.85,00,000 excess salary and Rs.3,88,300/- software expenses. Penalty proceedings under Section 270A were initiated for under-reporting and misreporting of income, and interest was charged under Sections 234A, 234B

M/S MAHAVIR TECHNO LTD.,,CHANDIGARH vs. ACIT, CRICLE, KURUKSHETRA

In the result, appeal of the Assessee is allowed

disallowance of interest under section 36(1)(iii) of the Income Tax Act. 3. On facts and in circumstances of the case ACIT was not justified in charging interest u/s 234B

ASTT. COMMISSIONER OF INCOME TAX, CIRCLE-4, LUDHIANA, AAYAKAR BHAWAN vs. WARYAM STEEL CASTING PRIVATE LIMITED, KANGANWAL ROAD

In the result, appeal of the assessee is allowed and the Cross appeal of the Revenue is dismissed

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

disallowed the entire purchase amount of Rs. 4,11,60,437/- as bogus, concluding that the assessee failed to establish the genuineness of these transactions. Consequently, the AO added Rs. 4,75,44,959/- (Rs. 63,84,522/- + Rs. 4,11,60,437/-) to the assessee’s total income, determining it at Rs. 4,73,64,687/- under normal provisions

WARYAM STEEL CASTINGS PRIVATE LIMITED,LUDHIANA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-4, LUDHIANA

In the result, appeal of the assessee is allowed and the Cross appeal of the Revenue is dismissed

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

disallowed the entire purchase amount of Rs. 4,11,60,437/- as bogus, concluding that the assessee failed to establish the genuineness of these transactions. Consequently, the AO added Rs. 4,75,44,959/- (Rs. 63,84,522/- + Rs. 4,11,60,437/-) to the assessee’s total income, determining it at Rs. 4,73,64,687/- under normal provisions

TIRUPATI ENGINEERS AND CONTRUCTIONS,SANGRUR vs. ITO, SANGRUR

In the result, the appeal is allowed for statistical purposes

Bench: the Ld. CIT(A). The Ld. CIT(A) submitted that during appellate proceedings, several notices under Section 250 were issued but the assessee failed to file any written submissions or attend hearings. Considering repeated non-compliance, the CIT(A) held that the assessee was not interested in prosecuting the appeal. Relying on judicial precedents, it was observed that an appeal requires active prosecution and mere filing is insufficient. As the assessee provided no evidence or arguments in sup

disallowed partners’ salary and interest due to absence of a certified copy of the partnership deed. Interest under sections 234A, 234B

DCIT, SANGRUR vs. M/S H.M. STEEL LTD., SANGRUR

In the result, this appeal of the Revenue is partly allowed

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumarआयकर अपील सं Ita No. 366/Chd/2013 "नधा"रण वष" / Assessment Year : 2008-09

234B and 234-C, on the facts and circumstances of the case, has been wrongly and illegally charged and levied. 8. That the appellant craves permission to elucidate, amend, alter, add or delete any ground of appeal at the time of hearing. It is therefore prayed that the appeal may kindly be accepted and the addition may kindly be deleted

ACIT, SANGRUR vs. M/S H.M.STEELS LTD, DIRBA

In the result, this appeal of the Revenue is partly allowed

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumarआयकर अपील सं Ita No. 366/Chd/2013 "नधा"रण वष" / Assessment Year : 2008-09

234B and 234-C, on the facts and circumstances of the case, has been wrongly and illegally charged and levied. 8. That the appellant craves permission to elucidate, amend, alter, add or delete any ground of appeal at the time of hearing. It is therefore prayed that the appeal may kindly be accepted and the addition may kindly be deleted

H.M. STEELS LTD.,SANGRUR vs. ACIT, SANGRUR

In the result, this appeal of the Revenue is partly allowed

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumarआयकर अपील सं Ita No. 366/Chd/2013 "नधा"रण वष" / Assessment Year : 2008-09

234B and 234-C, on the facts and circumstances of the case, has been wrongly and illegally charged and levied. 8. That the appellant craves permission to elucidate, amend, alter, add or delete any ground of appeal at the time of hearing. It is therefore prayed that the appeal may kindly be accepted and the addition may kindly be deleted

DCIT, SANGRUR vs. M/S H.M. STEEL LTD., SANGRUR

In the result, this appeal of the Revenue is partly allowed

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumarआयकर अपील सं Ita No. 366/Chd/2013 "नधा"रण वष" / Assessment Year : 2008-09

234B and 234-C, on the facts and circumstances of the case, has been wrongly and illegally charged and levied. 8. That the appellant craves permission to elucidate, amend, alter, add or delete any ground of appeal at the time of hearing. It is therefore prayed that the appeal may kindly be accepted and the addition may kindly be deleted

DCIT, SANGRUR vs. M/S H.M. STEEL LTD., SANGRUR

In the result, this appeal of the Revenue is partly allowed

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumarआयकर अपील सं Ita No. 366/Chd/2013 "नधा"रण वष" / Assessment Year : 2008-09

234B and 234-C, on the facts and circumstances of the case, has been wrongly and illegally charged and levied. 8. That the appellant craves permission to elucidate, amend, alter, add or delete any ground of appeal at the time of hearing. It is therefore prayed that the appeal may kindly be accepted and the addition may kindly be deleted

H.M. STEELS LTD.,SANGRUR vs. ACIT, SANGRUR

In the result, this appeal of the Revenue is partly allowed

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumarआयकर अपील सं Ita No. 366/Chd/2013 "नधा"रण वष" / Assessment Year : 2008-09

234B and 234-C, on the facts and circumstances of the case, has been wrongly and illegally charged and levied. 8. That the appellant craves permission to elucidate, amend, alter, add or delete any ground of appeal at the time of hearing. It is therefore prayed that the appeal may kindly be accepted and the addition may kindly be deleted

M/S H.M. STEEL LTD.,SANGRUR vs. ADDL. CIT, SANGRUR

In the result, this appeal of the Revenue is partly allowed

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumarआयकर अपील सं Ita No. 366/Chd/2013 "नधा"रण वष" / Assessment Year : 2008-09

234B and 234-C, on the facts and circumstances of the case, has been wrongly and illegally charged and levied. 8. That the appellant craves permission to elucidate, amend, alter, add or delete any ground of appeal at the time of hearing. It is therefore prayed that the appeal may kindly be accepted and the addition may kindly be deleted

IILM EDUCATION TRUST,GURGAON vs. DCIT (EXEMPTIONS CIRCLE 2), CHANDIGARH

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

Bench: SHRI A.D.JAIN (Vice President), SHRI KRINWANT SAHAY (Accountant Member)

disallowance of Rs.72,00,000 being rent paid by the appellant to Kulwant Rai Trust alleging the same to be in the nature of accommodation entry. 5.1 That the C1T(A) erred on facts and in law in not appreciating that the merely because the land underneath the leased building is owned by the settlor of the appellant-trust

MOHAMMAD MUSHTAQ,PANCHKULA vs. DCIT, CIRCLE, PANCHKULA

Bench: This Tribunal. The Assessee Is Aggrieved By The Order Bearing No. Itba/Nfac/S/250/2023-

disallowed the agricultural income of the assessee without any basis. The assessee had filed the detail of sale of flowers of Rs. 1,29,28,611.00 during the relevant assessment year and after deduction of expenses had earned agricultural Income of Rs.46,68,628.00. For the last 10 years the assessee is regularly showing his agricultural income from the same

M/S INTERNATIONAL CUSTOMER RELATED MANAGEMENT SERVICES PRIVATE LIMITED,CHANDIGARH vs. D.C.I.T., CIRCLE 6(1), MOHALI

In the result, for statistical purposes, the appeal is

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

disallowing an amount of Rs.40,82,148, being interest on capital raised for business purpose, on the alleged ground that the same was not incurred wholly and exclusively for the purpose of business. 10. That the assessing officer erred on facts and in law in charging interest under section 234B