AL RASHEED CHARITABLE SOCIETY,HARYANA vs. JCIT, EXEMPTIONS, CHANDIGARH

Appeal of the Assessee is allowed for statistical purposes

depreciation claimed by the assessee amounting to\nRs.3,34,759/-.\n\nPenalty proceedings u/s 271(1)(c) of the Act also came to be\ninitiated by the AO in respect of additions/disallowances made of\nRs.7,01,67,544/- by the AO by issue of a notice u/s.271(1)(c) read with\nsection 274 of the Act, dated: 20.12.2018. The assessee

SH. AMAN SETH,LUDHIANA vs. ITO, W-1(1), LUDHIANA

In the result, appeal filed by the assessee is allowed for statistical purposes

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

Penalty proceedings u/s 271(l)(c) are separately initiated along with this order. 4. During the course of assessment proceedings, it was noticed that the assessee has claimed telephone expenses of Rs. 85,552/-, car expenses & repair of Rs. 4,60,693/-, depreciation

M/S PAGRO FROZEN FOODS PVT. LTD.,CHANDIGARH vs. ITO, W-2(3), CHANDIGARH

The appeal of the Assessee is dismissed

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

depreciation current year income year 2012-13 25199906 7429889 17770017 2013-14 7027382 0 7027382 Total 32227288 7429889 24797399 Losses to be carried forward Rs. 2,47,97,399/-. Assessed. Issue requisite documents. Charge Interest u/s 234A/B/C, if any. Penalty proceedings u/s 271

M/S ASHA TECHNOLOGIES,KALA AMB vs. ITO, SIRMOUR

In the result, both the above appeals of the Assessee are partly allowed as aforesaid in respect of impugned orders dt

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

u/s 133A of the IT Act to find out the true facts of the case when there was no compliance and cooperation on the part of the assessee to prove its primary onus. And on the basis of survey only true facts of the case were ascertained which helped in ascertaining the factual reality. The assessing office collected information u/s

M/S ASHA TECHNOLOGIES,SIRMOUR vs. ADDL. CIT, SOLAN

In the result, both the above appeals of the Assessee are partly allowed as aforesaid in respect of impugned orders dt

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

u/s 133A of the IT Act to find out the true facts of the case when there was no compliance and cooperation on the part of the assessee to prove its primary onus. And on the basis of survey only true facts of the case were ascertained which helped in ascertaining the factual reality. The assessing office collected information u/s

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MOHALI

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

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

depreciation on such assets is linked with the project and hence. 50% of Rs. 66,06,128/- equal to Rs. 31,76,086/-(i.e. 33,03,064/- minus 1,26,978/-) is capitalized and added to the returned loss. The amount of capitalization under CWIP is also increased to the extent. Penalty u/s 271

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MOHALI

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

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

depreciation on such assets is linked with the project and hence. 50% of Rs. 66,06,128/- equal to Rs. 31,76,086/-(i.e. 33,03,064/- minus 1,26,978/-) is capitalized and added to the returned loss. The amount of capitalization under CWIP is also increased to the extent. Penalty u/s 271

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MPHALI

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

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

depreciation on such assets is linked with the project and hence. 50% of Rs. 66,06,128/- equal to Rs. 31,76,086/-(i.e. 33,03,064/- minus 1,26,978/-) is capitalized and added to the returned loss. The amount of capitalization under CWIP is also increased to the extent. Penalty u/s 271

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MOHALI

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

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

depreciation on such assets is linked with the project and hence. 50% of Rs. 66,06,128/- equal to Rs. 31,76,086/-(i.e. 33,03,064/- minus 1,26,978/-) is capitalized and added to the returned loss. The amount of capitalization under CWIP is also increased to the extent. Penalty u/s 271

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MOHALI

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

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

depreciation on such assets is linked with the project and hence. 50% of Rs. 66,06,128/- equal to Rs. 31,76,086/-(i.e. 33,03,064/- minus 1,26,978/-) is capitalized and added to the returned loss. The amount of capitalization under CWIP is also increased to the extent. Penalty u/s 271

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MPHALI

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

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

depreciation on such assets is linked with the project and hence. 50% of Rs. 66,06,128/- equal to Rs. 31,76,086/-(i.e. 33,03,064/- minus 1,26,978/-) is capitalized and added to the returned loss. The amount of capitalization under CWIP is also increased to the extent. Penalty u/s 271

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MPHALI

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

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

depreciation on such assets is linked with the project and hence. 50% of Rs. 66,06,128/- equal to Rs. 31,76,086/-(i.e. 33,03,064/- minus 1,26,978/-) is capitalized and added to the returned loss. The amount of capitalization under CWIP is also increased to the extent. Penalty u/s 271

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MPHALI

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

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

depreciation on such assets is linked with the project and hence. 50% of Rs. 66,06,128/- equal to Rs. 31,76,086/-(i.e. 33,03,064/- minus 1,26,978/-) is capitalized and added to the returned loss. The amount of capitalization under CWIP is also increased to the extent. Penalty u/s 271

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MOHALI

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

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

depreciation on such assets is linked with the project and hence. 50% of Rs. 66,06,128/- equal to Rs. 31,76,086/-(i.e. 33,03,064/- minus 1,26,978/-) is capitalized and added to the returned loss. The amount of capitalization under CWIP is also increased to the extent. Penalty u/s 271

M/S SHRI RAM CYLINDERS (UNIT II),CHANDIGARH vs. ITO, W-2(1), CHANDIGARH

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

Penalty proceedings u/s 271(1)(c) are initiated separately for concealment of income by furnishing inaccurate particulars as discussed above." CIT(A)’s Findings 5. By virtue of the impugned order dated 19.02.2019, the CIT(A) confirmed the assessment order and dismissed the assessee's appeal. While doing so, it was held that the AR’s submission that no machinery

M/S SHRI RAM CYLINDERS (UNIT II),CHANDIGARH vs. ITO, W-2(1), CHANDIGARH

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

Penalty proceedings u/s 271(1)(c) are initiated separately for concealment of income by furnishing inaccurate particulars as discussed above." CIT(A)’s Findings 5. By virtue of the impugned order dated 19.02.2019, the CIT(A) confirmed the assessment order and dismissed the assessee's appeal. While doing so, it was held that the AR’s submission that no machinery

M/S SHRI RAM CYLINDERS (UNIT II),CHANDIGARH vs. ITO, W-2(1), CHANDIGARH

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

Penalty proceedings u/s 271(1)(c) are initiated separately for concealment of income by furnishing inaccurate particulars as discussed above." CIT(A)’s Findings 5. By virtue of the impugned order dated 19.02.2019, the CIT(A) confirmed the assessment order and dismissed the assessee's appeal. While doing so, it was held that the AR’s submission that no machinery

M/S SHRI RAM CYLINDERS (UNIT II),CHANDIGARH vs. ITO, W-2(1), CHANDIGARH

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

Penalty proceedings u/s 271(1)(c) are initiated separately for concealment of income by furnishing inaccurate particulars as discussed above." CIT(A)’s Findings 5. By virtue of the impugned order dated 19.02.2019, the CIT(A) confirmed the assessment order and dismissed the assessee's appeal. While doing so, it was held that the AR’s submission that no machinery