ARVINDER PAUL JIT SINGH GILL,CHANDIGARH vs. ITO, WARD 2(1), CHANDIGARH

In the result, the appeal of the assessee is dismissed

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

disallowance of expenditure made by the AO. It set up a case before the authorities below, including the ld. CIT(A), taking shelter of section 43B

M/S BHUSHAN POWER AND STEEL LTD.,CHANDIGARH vs. DCIT/ACIT (CEN.)-1, CHANDIGARH

In the result, the appeal of the assessee is dismissed

Bench: Shri A.D. Jain & Shri Krinwant Sahay

disallowance of expenditure made by the AO. It set up a case before the authorities below, including the ld. CIT(A), taking shelter of section 43B

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE, PATIALA, PATIALA vs. PUNJAB STATE POWER CORPORATION LIMITED, PATIALA

In the result, both the appeals filed by the Revenue are partly allowed

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

disallowed under the provisions of Section 36(1)(va) r/w section 43B and of the Act. 6. In response, the assessee

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE, PATIALA vs. PUNJAB STATE POWER CORPORATION LIMITED, PATIALA

In the result, both the appeals filed by the Revenue are partly allowed

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

disallowed under the provisions of Section 36(1)(va) r/w section 43B and of the Act. 6. In response, the assessee

ITO, WARD, PALAMPUR vs. THE KANGRA CENTRAL COOPERATIVE BANK LIMITED, KANGRA

In the result, appeal of the Department is partly allowed for statistical purposes

Bench: Us Is Filed Under Section 253 Of The Income Tax Act, As Amended From Time To Time. The Respondent Is A Cooperative Bank.

disallowance of Rs. 66,53,09,400/- being interest accrued and due on Non-Performing Assets (NPAs), mainly on the ground that the special provisions of section 43D, as amended vide Finance Act 2017, are applicable to co-operative banks also from Assessment Year 2018-19 onwards. Thus, the bank has urged in this ground that interest due on NPAs

HARYANA URBAN DEVELOPMENT AUTHORITY,PANCHKULA, HARYANA vs. PRINCIPAL COMMISSIONER OF INCOME TAX, PANCHKULA , HARYANA

In the result, the appeal filed by the assessee is dismissed

disallowed by the assessing officer while passing the assessment order under section 143(3) of the Act, and it appears that the same has been accepted by the assessee also. Therefore, as such there is no dispute on the merits whether the amount of Rs.7,38,11,883 warranted deduction\nunder Section 43B

ATAMJEET SINGH SANDHU, MOHALI,MOHALI vs. ITO WARD 2(1), CHANDIGARH, CHANDIGARH

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

Bench: the appeal is finally heard or disposed off.

43B. It was emphasized that the assessee had in fact deposited the employer’s contribution before the due date for filing the return under section 139(1) and therefore no disallowance

ATAMJEET SINGH SANDHU, MOHALI,MOHALI vs. ITO WARD 2(1), CHANDIGARH, CHANDIGARH

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

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

43B. It was emphasized that the assessee had in fact deposited the employer’s contribution before the due date for filing the return under section 139(1) and therefore no disallowance

ATAMJEET SINGH SANDHU, MOHALI,MOHALI vs. ITO WARD 2(1), CHANDIGARH, CHANDIGARH

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

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

43B. It was emphasized that the assessee had in fact deposited the employer’s contribution before the due date for filing the return under section 139(1) and therefore no disallowance

ACIT, CIRCLE 1(1), CHANDIGARH vs. M/S SML ISUZU LTD., CHANDIGARH

In the result, the impugned order is sustained and appeal of the Revenue is partly allowed for statistical purposes

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

disallowance u/s 43B to the assessing officer and acted in violation of powers of the Ld. CIT(A) as amended through the amendment brought in clause (a) sub-section

IND SWIFT LABORATORIES LTD.,CHANDIGARH vs. DCIT, CIRCLE 1(1), CHANDIGARH

In the result, the appeal is allowed, as indicated

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

disallowed under section 43B, as available from the income tax return; that it was thus, that net interest of Rs.8.77

INCOME TAX OFFICER,WARD-1, MANDI GOBINDGARH, HQ SIRHIND vs. PARTAP INDUSTRIES LIMITED, RAJPURA

In the result the appeal of the Revenue is dismissed

Bench: Dr Krinwant Sahay & Shri Paresh M. Joshiआयकर अपील सं./ Ita No. 464/Chd/2023 "नधा"रण वष" / Assessment Year: 2018-19 The Ito, Vs. Partap Industries Limited, बनाम Rajpura Ward-1, New Libra Kothi, Mandi Gobindgarh Railway Road, Sirhind Hq. Sirhind, 140406 "थायी लेखा सं./Pan No: Aabcp0384Q अपीलाथ"/ Appellant ""यथ"/ Repsondent

disallowance u/s 36(l)(va) could be attracted and provisions of section 43B for due date is taken as date

M/S PUNJAB SMALL INDUSTRIES AND EXPORTS CORPORATION LTD.,CHANDIGARH vs. DCIT/ACIT, CIRCLE 2(1), CHANDIGARH

In the result, the appeal of the Assessee is partly allowed

Bench: Shri A.D. Jain & Dr Krinwant Sahayआयकर अपील सं./ Ita No. 555/Chd/2022 "नधा"रण वष" / Assessment Years : 2018-19 M/S Punjab Small Industries & Vs. The Dcit / Acit, Export Corporation Ltd., बनाम Circle 2(1), Udyog Bhawan, 3Rd To 6Th Floor, Chandigarh Sector 17-A, Chandigarh 160017 "थायी लेखा सं./Pan No: Aabcp1602M अपीलाथ"/ Appellant ""यथ"/ Repsondent ( Hybrid Hearing )

disallowance of Rs. 76,75,100/- on payment made for bonus invoking the provisions of section 43B of the Income

SMT. RAJ BALA,CHANDIGARH vs. DCIT/ACIT CIRCLE 1(1), CHANDIGARH, CHANDIGARH

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

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

43B does not relax the requirement. However, the factual determination of the exact dates of deposit and whether any portion of the impugned contributions was nevertheless deposited within statutory deadlines has not been verified either by the Assessing Officer while issuing intimation under section 143(1) or by the CIT(A). 9.1 In these circumstances, and without expressing any opinion

THE SHAHABAD COOP. SUGAR MILLS,SHAHABAD vs. ACIT, CIRCLE, KURUKSHETRA

The appeal is disposed off accordingly as aforesaid

Bench: Us:

43B of the IT Act has no effect in so far as employees contribution, which is specifically covered by Section 36(1)(va) of the IT Act, 1961, is concerned. Therefore, the disallowance

KISHNA RAM,SIRMOUR HIMACHAL PRADESH vs. INCOME TAX OFFICER NAHAN, NAHAN

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

Bench: SHRI. LALIET KUMAR (Judicial Member)

43B of the Act. The assessee also contended that the adjustment was made without granting proper opportunity of being heard and challenged the disallowance as being contrary to the principles of natural justice and beneficial provisions of law. 5.1 The Ld. CIT(A), after considering the assessee’s submissions and verifying the facts, held that the disallowance made under section

SANJEEV KUMAR BAKSHI,HARYANA vs. ASSESSING OFFICER, WARD 3, HARYANA

In the result, appeal of the Assessee is dismissed

Bench: The Due Date Of Filing The Return Of Income Under Section 139(1) Of The Income-Tax Act, 1961. 2 5. The Facts In Brief Are That The Return Of Income Was Processed Under Section 143(1) Of The Act By The Cpc, Bangalore, Disallowing Employees’ Contribution To Pf/Esi To The Extent Of Rs. 29,87,930/-, Relying Upon The Dates Of Actual Payment Furnished In The Tax Audit Report, Which Indicated That The Payments Were Made Beyond The Statutory Due Dates.

disallowance was not justified in view of section 43B read with judicial precedents. However, the Ld. CIT(A) upheld the disallowance

M/S PUNJAB SMALL INDUSTRIES AND EXPORTS CORPORATION LTD.,CHANDIGARH vs. DCIT, CIRCLE 1(1), CHANDIGARH

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

Bench: Shri A.D. Jain & Dr Krinwant Sahayआयकर अपील सं./ Ita No. 556/Chd/2022 "नधा"रण वष" / Assessment Years : 2019-20 M/S Punjab Small Industries & Vs. The Dcit / Acit, Export Corporation Ltd., बनाम Circle 2(1), Udyog Bhawan, 3Rd To 6Th Floor, Chandigarh Sector 17-A, Chandigarh "थायी लेखा सं./Pan No: Aabcp1602M अपीलाथ"/ Appellant ""यथ"/ Repsondent ( Hybrid Hearing )

Disallowing the expenses of bonus paid at Rs 68,84,636/- under section 43B of the Income Tax Act. 1961. 4. The ld. DR relied