JANTA LAND PROMOTERS PRIVATE LIMITED ,MOHALI vs. INCOME TAX OFFICER WARD 6(1) CHANDIGARH , MOHALI

In the result, appeal of the assessee is partly allowed

Bench: Shri Rajpal Yadav & Shri Krinwant Sahayआयकर अपील सं./ Ita No. 907/Chd/2024 "नधा"रण वष" / Assessment Year : 2017-18 बनाम M/S Janta Land Promoters Pvt.Ltd. The Ito, Sco 39-42, Sector 82, Ward 6(1), Vs Mohali. Chandigarh. "थायी लेखा सं./Pan /Tan No: Aabcj3450D अपीलाथ"/Appellant ""यथ"/Respondent "नधा"रती क" ओर से/Assessee By : Shri Pankaj Bhalla, Ca राज"व क" ओर से/ Revenue By : Shri Vivek Vardhan, Addl. Cit, Sr.Dr तार"ख/Date Of Hearing : 07.05.2025 उदघोषणा क" तार"ख/Date Of Pronouncement : 30.07.2025

164 taxmann 342 wherein it has held that considered the question whether the rental income received from any property in the construction business can be claimed under the head 'income from property' even though the said property was included in the closing stock. The Hon'ble Gujarat High Court held that if the business of the assessee is to construct

ASSISSTANT COMMISSONER OF INCOME TAX, CIRCLE-1, EXEMPTION, CHANDIGARH, CHANDIGARH vs. HERITAGE EDUCATIONAL SOCIETY, C/O DELHI PUBLIC SCHOOL

In the result, all the appeals filed by the Department

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

house properties, have invested in mutual funds and have sold properties. All these activities demand time and commitment and when this fact is seem alongwith the fact that the members are not available in school for most of the time, it can safely be concluded that the members have not been giving the time and commitment to the society

ASSISSTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, EXEMPTION, CHANDIGARH, CHANDIGARH vs. HERITAGE EDUCATIONAL SOCIETY, C/O DELHI PUBLIC SCHOOL

In the result, all the appeals filed by the Department

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

house properties, have invested in mutual funds and have sold properties. All these activities demand time and commitment and when this fact is seem alongwith the fact that the members are not available in school for most of the time, it can safely be concluded that the members have not been giving the time and commitment to the society

ASSISSTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, CHANDIGARH, CHANDIGARH vs. HERITAGE EDUCATION SOCIETY , C/O DELHI PUBLIC SCHOOL

In the result, all the appeals filed by the Department

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

house properties, have invested in mutual funds and have sold properties. All these activities demand time and commitment and when this fact is seem alongwith the fact that the members are not available in school for most of the time, it can safely be concluded that the members have not been giving the time and commitment to the society

ASSISSTANT COMMISSIONER OF INCOME TAX, CIRCLE-1,EXEMPTION,CHANDIGARH, CHANDIGARH vs. HERITAGE EDUCATIONAL SOCIETY, C/O DELHI PUBLIC SCHOOL

In the result, all the appeals filed by the Department

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

house properties, have invested in mutual funds and have sold properties. All these activities demand time and commitment and when this fact is seem alongwith the fact that the members are not available in school for most of the time, it can safely be concluded that the members have not been giving the time and commitment to the society

CHANDIGARH EDUCATIONAL SOCIETY,MOHALI vs. PR.CIT(CENTRAL)-GURGAON, AT CHANDIGARH

164(2) of the Act, where the whole or any part of the relevant income is not exempt under section 11 or section 12 of the Act by virtue of the provisions of section 13(1)(c) or section 13(1 )(d) of the Act, tax shall be charged on the relevant income or part of relevant income

CHANDIGARH EDUCATIONAL TRUST,MOHALI vs. PR.CIT-CENTRAL,GURGAON, AT CHANDIGARH

164(2) of the Act, where the whole or any part of the relevant income is not exempt under section 11 or section 12 of the Act by virtue of the provisions of section 13(1)(c) or section 13(1 )(d) of the Act, tax shall be charged on the relevant income or part of relevant income

SHRI GURU RAM DASS EDUCATIONAL SOCIETY,MOHALI vs. PR.CIT(CENTRAL) GURGAON, AT CHANDIGARH

164(2) of the Act, where the whole or any part of the relevant income is not exempt under section 11 or section 12 of the Act by virtue of the provisions of section 13(1)(c) or section 13(1 )(d) of the Act, tax shall be charged on the relevant income or part of relevant income

KAKA SINGH ALIAS GULJAR SINGH,PATIALA vs. INCOME TAX OFFICER , PATIALA

164 : (1990) 181 ITR\n400 (SC) has held that arrears of interest computed on delayed or enhanced\ncompensation shall be taxable on accrual basis. This has caused undue hardship\nto the taxpayers.\n46.2 With a view to mitigate the hardship, section 145A is amended to provide that\nthe interest received by an assessee on compensation or enhanced\ncompensation shall

NARENDER KAUR,KURUKSHETRA, HARYANA vs. INCOME TAX OFFICER WARD-1 , KURUKSHETRA

164 : (1990) 181 ITR\n400 (SC) has held that arrears of interest computed on delayed or enhanced\ncompensation shall be taxable on accrual basis. This has caused undue hardship\nto the taxpayers.\n46.2 With a view to mitigate the hardship, section 145A is amended to provide that\nthe interest received by an assessee on compensation or enhanced\ncompensation shall

SHRI HARI & CO OWNERS,KAITHAL vs. PR. CIT, CHANDIGARH -1, ROHTAK

In the result, both the above appeals of the Assessee are dismissed

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

housing i.e. storage of agriculture produces. The assessee had not filed his original income tax return for A.Y. 2012-13. During assessment proceedings u/s 143(3) of A.Y.2013-14, the AO had referred the case to Departmental Valuation officer, Chandigarh to determine the cost of investment made in construction of Building/structure vide letter dated 21.03.2016. In response, Departmental Valuation Officer

SHRI HARI & CO OWNERS,KAITHAL vs. PR. CIT, CHANDIGARH -1, ROHTAK

In the result, both the above appeals of the Assessee are dismissed

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

housing i.e. storage of agriculture produces. The assessee had not filed his original income tax return for A.Y. 2012-13. During assessment proceedings u/s 143(3) of A.Y.2013-14, the AO had referred the case to Departmental Valuation officer, Chandigarh to determine the cost of investment made in construction of Building/structure vide letter dated 21.03.2016. In response, Departmental Valuation Officer

BALVINDER SINGH,FATEHABAD vs. ITO WARD-1, FATEHABAD

164 : (1990) 181 ITR\n400 (SC) has held that arrears of interest computed on delayed or enhanced\ncompensation shall be taxable on accrual basis. This has caused undue hardship\nto the taxpayers.\n46.2 With a view to mitigate the hardship, section 145A is amended to provide that\nthe interest received by an assessee on compensation or enhanced\ncompensation shall

SH. RAM LAL,CHANDIGARH vs. ITO, WARD-6(1), CHANDIGARH

164 : (1990) 181 ITR\n400 (SC) has held that arrears of interest computed on delayed or enhanced\ncompensation shall be taxable on accrual basis. This has caused undue hardship\nto the taxpayers.\n46.2 With a view to mitigate the hardship, section 145A is amended to provide that\nthe interest received by an assessee on compensation or enhanced\ncompensation shall

SH. AMRIK SINGH,PANCHKULA vs. ITO, WARD-2, PANCHKULA

164 : (1990) 181 ITR\n400 (SC) has held that arrears of interest computed on delayed or enhanced\ncompensation shall be taxable on accrual basis. This has caused undue hardship\nto the taxpayers.\n46.2 With a view to mitigate the hardship, section 145A is amended to provide that\nthe interest received by an assessee on compensation or enhanced\ncompensation shall

HARMALA,CHANDIGARH vs. ITO, WARD 1(1), NANGAL

164 : (1990) 181 ITR\n400 (SC) has held that arrears of interest computed on delayed or enhanced\ncompensation shall be taxable on accrual basis. This has caused undue hardship\nto the taxpayers.\n46.2 With a view to mitigate the hardship, section 145A is amended to provide that\nthe interest received by an assessee on compensation or enhanced\ncompensation shall

AMRINDER SINGH KHUBBER,AMBALA vs. ITO, W-5, AMBALA

164 : (1990) 181 ITR\n400 (SC) has held that arrears of interest computed on delayed or enhanced\ncompensation shall be taxable on accrual basis. This has caused undue hardship\nto the taxpayers.\n46.2 With a view to mitigate the hardship, section 145A is amended to provide that\nthe interest received by an assessee on compensation or enhanced\ncompensation shall

INCOME TAX OFFICER, AMBALA vs. NACHHATAR SINGH, AMBALA CANTT

164 : (1990) 181 ITR\n400 (SC) has held that arrears of interest computed on delayed or enhanced\ncompensation shall be taxable on accrual basis. This has caused undue hardship\nto the taxpayers.\n46.2 With a view to mitigate the hardship, section 145A is amended to provide that\nthe interest received by an assessee on compensation or enhanced\ncompensation shall

AMRINDER SINGH KHUBBER,AMBALA vs. ITO, W-5, AMBALA

Accordingly, finding no merit in the appeals, the same are hereby\ndismissed

164 : (1990) 181 ITR\n400 (SC) has held that arrears of interest computed on delayed or enhanced\ncompensation shall be taxable on accrual basis. This has caused undue hardship\nto the taxpayers.\n46.2 With a view to mitigate the hardship, section 145A is amended to provide that\nthe interest received by an assessee on compensation or enhanced\ncompensation shall