M/S SHUBHAM COTTON MILLS PVT. LTD.,ELLENABAD vs. DCIT, CIRCLE, SIRSA

In the result appeal of the assessee is allowed

set-off the surrender with a view to avoid payment of taxes. When there was no loss either in past or in future, then the loss only shown during the post survey period is certainly doubtful as noted by the AO also. Under the facts and the circumstances of the case and in view of the discussion above, the action

ALFA RADIOLOGICAL CENTRE PRIVATE LIMITED,PATIALA vs. DCIT,CIRCLE, PATIALA

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

Bench: JUSTICE (RETD) C.V. BHADANG (President), SHRI VIKRAM SINGH YADAV (Accountant Member)

setting off business loss u/s 72 of the Act. The return of income was processed by CPC, Bangalore u/s 143(1) wherein the CPC has disallowed

M/S EMM BEE FINCAP PRIVATE LIMITED,CHANDIGARH vs. DCIT, CC-1, CHANDIGARH

In the result, the appeal of the assessee stands

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

disallowance of claim of Long Term Capital Loss on sale of unquoted shares and not allowing carry forward of losses. 7. The facts, as set

M/S EMM BEE FINCAP PRIVATE LIMITED,CHANDIGARH vs. DCIT, CC-1, CHANDIGARH

In the result, the appeal of the assessee stands

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

disallowance of claim of Long Term Capital Loss on sale of unquoted shares and not allowing carry forward of losses. 7. The facts, as set

M/S EMM BEE FINCAP PRIVATE LIMITED,CHANDIGARH vs. DCIT, CC-1, CHANDIGARH

In the result, the appeal of the assessee stands

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

disallowance of claim of Long Term Capital Loss on sale of unquoted shares and not allowing carry forward of losses. 7. The facts, as set

SH. KRISHAN KUMAR,KHANNA vs. DCIT, CC-1, LUDHIANA

In the result, the appeal of the Assessee is allowed

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

set of accounts. During the course of survey u/s 133A of the Income Tax Act, 1961 on 24.01.2019, the Assessee had offered an additional income of Rs. 1,00,00,000/- as business income and was duly declared in the return of income. The same also stood accounted for in the books of account and was a part

SH. GURINDER MAKKAR,LUDHIANA vs. DCIT, CC-3, LUDHIANA

In the result, the appeal of the assessee is disposed off in light of aforesaid directions

Bench: SHRI. AAKASH DEEP JAIN (Vice President), SHRI. VIKRAM SINGH YADAV (Accountant Member)

disallowing the depreciation of such building would result in double taxation. 6.9 It was submitted that as the assessee has duly paid tax on all such amount of surrender made by the assessee, therefore, making additions of the same amount to the total income of the assessee are wholly invalid as it results 'double taxation and therefore, against the principles

RAJESH KUMAR GUPTA,LUDHIANA vs. ACIT, C-7, LUDHIANA

The appeal of the assessee is treated as allowed for statistical purposes

Bench: Shri Sanjay Garg & Shri Vikram Singh Yadavi.T.A. No.1358/Chandi/2019 Assessment Year: 2014-15

set off against current year's income. 3. Ground No. 1 : Ground No.1 is general in nature and does not need any specific adjudication. 4. Ground No.2: Vide ground No.2 the assessee has contested the action of the CIT(A) in confirming the disallowance of business loss

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

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

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

set off against the income earned by the assessee during the year under consideration from the said expenditure and therefore the effect of the disallowance of expenditure should be considered while computing the income of the assessee. In this regard he had drawn our attention to the order of the CIT(A) wherein at pages

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

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

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

set off against the income earned by the assessee during the year under consideration from the said expenditure and therefore the effect of the disallowance of expenditure should be considered while computing the income of the assessee. In this regard he had drawn our attention to the order of the CIT(A) wherein at pages

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

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

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

set off against the income earned by the assessee during the year under consideration from the said expenditure and therefore the effect of the disallowance of expenditure should be considered while computing the income of the assessee. In this regard he had drawn our attention to the order of the CIT(A) wherein at pages

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

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

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

set off against the income earned by the assessee during the year under consideration from the said expenditure and therefore the effect of the disallowance of expenditure should be considered while computing the income of the assessee. In this regard he had drawn our attention to the order of the CIT(A) wherein at pages

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

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

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

set off against the income earned by the assessee during the year under consideration from the said expenditure and therefore the effect of the disallowance of expenditure should be considered while computing the income of the assessee. In this regard he had drawn our attention to the order of the CIT(A) wherein at pages

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

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

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

set off against the income earned by the assessee during the year under consideration from the said expenditure and therefore the effect of the disallowance of expenditure should be considered while computing the income of the assessee. In this regard he had drawn our attention to the order of the CIT(A) wherein at pages

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

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

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

set off against the income earned by the assessee during the year under consideration from the said expenditure and therefore the effect of the disallowance of expenditure should be considered while computing the income of the assessee. In this regard he had drawn our attention to the order of the CIT(A) wherein at pages

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

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

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

set off against the income earned by the assessee during the year under consideration from the said expenditure and therefore the effect of the disallowance of expenditure should be considered while computing the income of the assessee. In this regard he had drawn our attention to the order of the CIT(A) wherein at pages

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

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

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

set off against the income earned by the assessee during the year under consideration from the said expenditure and therefore the effect of the disallowance of expenditure should be considered while computing the income of the assessee. In this regard he had drawn our attention to the order of the CIT(A) wherein at pages

M/S TJR PROPERTIES PVT. LTD.,CHANDIGARH vs. ACIT, CC-2, CHANDIGARH

In the result, the Appeal is partly allowed

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

disallowance of depreciation on vehicle to the extent of Rs. 9,01,873/- without any justification. ITA 4/CHD/2023 A.Y. 2015-16 3 12. That the appellant craves leave to add, alter, amend or withdraw any grounds of appeal before the final hearing. 3.1 The assessee has also raised the following additional grounds : 1. That the approval u/s 153D was granted