ACIT, CIRCLE, PANCHKULA vs. M/S HARYANA POWER GENERATION CORPORATION, PANCHKULA

In the result, appeals of the Department are dismissed

disallowance was made on estimate basis @ 50% of loss claimed by considering only loss due to evaporation of moisture and ignoring the windage loss etc. Ld. CIT(A) pointed out that the Power Companies incurred actual transit loss of coal at a value higher than the specified normative transit loss of 0.8% as specified under the General Tariff Regulations

DCIT CIRCLE, PANCHKULA vs. HARYANA POWER GENERATION CORP. LTD., PANCHKULA

In the result, appeals of the Department are dismissed

disallowance was made on estimate basis @ 50% of loss claimed by considering only loss due to evaporation of moisture and ignoring the windage loss etc. Ld. CIT(A) pointed out that the Power Companies incurred actual transit loss of coal at a value higher than the specified normative transit loss of 0.8% as specified under the General Tariff Regulations

ACIT, CIRCLE, PANCHKULA vs. M/S HARYANA POWER GENERATION CORPORATION, PANCHKULA

In the result, appeals of the Department are dismissed

disallowance was made on estimate basis @ 50% of loss claimed by considering only loss due to evaporation of moisture and ignoring the windage loss etc. Ld. CIT(A) pointed out that the Power Companies incurred actual transit loss of coal at a value higher than the specified normative transit loss of 0.8% as specified under the General Tariff Regulations

ACIT, CIRCLE, PANCHKULA vs. M/S HARYANA POWER GENERATION CORPORATION, PANCHKULA

In the result, appeals of the Department are dismissed

disallowance was made on estimate basis @ 50% of loss claimed by considering only loss due to evaporation of moisture and ignoring the windage loss etc. Ld. CIT(A) pointed out that the Power Companies incurred actual transit loss of coal at a value higher than the specified normative transit loss of 0.8% as specified under the General Tariff Regulations

ACIT, CIRCLE, PANCHKULA vs. M/S HARYANA POWER GENERATION CORPORATION, PANCHKULA

In the result, appeals of the Department are dismissed

disallowance was made on estimate basis @ 50% of loss claimed by considering only loss due to evaporation of moisture and ignoring the windage loss etc. Ld. CIT(A) pointed out that the Power Companies incurred actual transit loss of coal at a value higher than the specified normative transit loss of 0.8% as specified under the General Tariff Regulations

DCIT CIRCLE, PANCHKULA vs. HARYANA POWER GENERATION CORP. LTD., PANCHKULA

In the result, appeals of the Department are dismissed

disallowance was made on estimate basis @ 50% of loss claimed by considering only loss due to evaporation of moisture and ignoring the windage loss etc. Ld. CIT(A) pointed out that the Power Companies incurred actual transit loss of coal at a value higher than the specified normative transit loss of 0.8% as specified under the General Tariff Regulations

M/S SABER PAPER LIMITED,LUDHIANA vs. DCIT, LUDHIANA

In the result, both the appeals of the assessee and the appeal of the

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaआयकरअपीलसं./Ita Nos.663 & 664/Chd/2017 "नधा"रणवष" / Assessment Years :2012-13 & 2013-14

set off business losses with the surrendered/ disclosed business income of Rs. 9,10,00,000/-. 3. That the learned Commissioner of Income Tax (Appeals)-5, Ludhiana failed to appreciate the facts and erred in confirming addition made by learned Assessing Officer of Rs. 63,16,429/- on account of disallowance

SAHIBZADA TIMBER AND PLY PRIVATE LIMITED ,MOHALI vs. DCIT, ACIT CENTRAL CIRCLE-2, CHANDIGARH, CHANDIGARH

In the result, the appeal of the assessee is dismissed

Bench: SHRI. VIKRAM SINGH YADAV, AM आयकर अपील सं./ ITA No. 699/Chd/2024 निर्धारण वर्ष / Assessment Year : 2019-20 M/s Sahibzada Timber & Ply Private Limited B41-42, Phase-3, Indl. Aera, SAS Nagar Mohali, Punjab बनाम The DCIT Central Circle-2 Chandigarh स्थायी लेखा सं./PAN NO: AAQCS2239G अपीलार्थी/Appellant प्रत्यर्थी/Respondent निर्धारिती की ओर से/Assessee by : Shri Mohit Dhiman, C.A राजस्व की ओर से/ Revenue by : Dr. Ranjeet Kaur, Sr. DR Shri Dharam Vir, Addl. CIT, Sr.DR सुनवाई की तारीख/Date of He

loss of Rs. 25,75,000/- with the intention of setting off the same with future capital gains. In view of the above facts and discussion, it was held by the ld CIT(A) that disallowance

GLAXOSMITHKLINE ASIA (P) LTD.,GURGAON vs. ACIT, CHANDIGARH

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

set off of operating loss as business loss of the year." In view of the aforesaid cumulative reasons, the disallowance

M/S ELIN APPLIANCES PVT. LTD.,NALAGARH vs. DCIT, CIRCLE , PARWANOO

The appeals of the assessee are dismissed

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

disallowing the deduction under section 80IC after setting off losses of one eligible priority unit with the profit of another

M/S ELIN APPLIANCES PVT. LTD.,NALAGARH vs. DCIT, CIRCLE , PARWANOO

The appeals of the assessee are dismissed

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

disallowing the deduction under section 80IC after setting off losses of one eligible priority unit with the profit of another

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

DCIT, LUDHIANA vs. M/S MARSHAL MACHINES PVT. LTD., LUDHIANA

Bench: Smt. Diva Singh & Dr. B.R.R. Kumarassessment Year: 2013-14

set off against the surrendered income. The AR contended that the appellant is maintaining all the statutory records required under the provisions of the Central Excise Act, VAT Act and Companies Act and that there is no finding during the course of the survey operations or the assessment proceedings to the effect that the appellant is engaged in any activity

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