M/S PUNJAB HERITAGE & TOURISM PROMOTION BOARD,CHANDIGARH vs. DCIT, CHANDIGARH

In the result, all the three appeals of the assessee are hereby

penalty u/s 271(1)(c) of the Income-tax Act, 1961 (in short 'the Act'). ITA No. 157/Chd/2015 for assessment year 2007-08 is taken as a lead case for narration of facts. ITA No. 157/Chd/2015 for AY 2007-08 3. The assessee is a society created by the Punjab Government. The assessee applied for registration u/s 12AA

DCIT, C-2, (EXEMPTIONS), CHANDIGARH vs. M/S HP STATE REPRODUCTIVE & CHILD HEALTH CARE SOCIETY , SHIMLA

In the result, all the three appeals filed by the

Bench: Shri Sanjay Garg & Ms. Annapurna Gupta

271(1)(c) of the Income Tax Act, 1961 (in short ‘the Act’). 2. Since common issue is involved in all the appeals being penalty levied on account of addition made by treating grants-in-aid received by the assessee as its income, they were heard together and are being disposed off by this consolidated order. For the sake

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)

12A) of the Income Tax Act 1961. 15. That on 7th & 8th December 2009, survey u/s 133A of the Income Tax Act 1961 was carried out in the business-cum-office premises of M/s. Asha Technologies, Vill: Johron, Trilokpur Road, Kala Amb (H.P.). During the course of survey operation, a day book pertaining to Asst. Year 2007-08 was found

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)

12A) of the Income Tax Act 1961. 15. That on 7th & 8th December 2009, survey u/s 133A of the Income Tax Act 1961 was carried out in the business-cum-office premises of M/s. Asha Technologies, Vill: Johron, Trilokpur Road, Kala Amb (H.P.). During the course of survey operation, a day book pertaining to Asst. Year 2007-08 was found

M/S UFV INDIA GLOBAL EDUCATION (SOCIETY),CHANDIGARH vs. DCIT, EXEMPTION CIRCLE-1, CHANDIGARH

In the result, appeal is allowed

Bench: Shri A.D. Jain & Shri Krinwant Sahayआयकर अपील सं./ Ita No. 516/Chd/2023 "नधा"रण वष" / Assessment Year : 2018-19 M/S Ufv India Global Vs. The Dcit Exemption, Circle-1, Education, बनाम Chandigarh Ggd Sanatan Dharma College, Ector 32-C, Chandigarh (U.T.) "थायी लेखा सं./Pan No: Aabcu7691M अपीलाथ"/ Appellant ""यथ"/ Repsondent ( Physical Hearing ) "नधा"रती क" ओर से/Assessee By : Shri Sudhir Sehgal, Advocate राज"व क" ओर से/ Revenue By : Smt. Kusum Bansal, Cit Dr सुनवाई क" तार"ख/Date Of Hearing : 13.08.2024 उदघोषणा क" तार"ख/Date Of Pronouncement : 20.09.2024

12A of Act and thus the claim of exemption u/s 11 made by the assessee in its ITR was based on sound legal footing. 5. That the Ld. CIT (Appeal)-NFAC has erred in concluding in para 6.1.4 of his order that there has been misrepresentation or suppression of facts by the assessee in terms of section 270A

DCIT, C-1 (E), CHANDIGARH vs. SHRI GURU GOBIND SINGH FOUNDATION, MOGA

In the result appeal of the Department as well as cross objection of the assessee are dismissed

Bench: Shri N.K. Saini & Shri Sanjay Gargdci T, C-1 (E) Shri Guru Gobind Singh Foundation Circle- 1 (Exemption) 601/11, Tanki Wali Gali No. 2, Dashmesh Chandigarh Nagar Vs. Moga- Punjab Pan No. – Aadts0332A Appellant Respondent

Penalty proceedings u/s 271 (1) (c) for furnishing inaccurate particulars are initiated on this account. 6. Assessee has given this loan to its sister concern and showing the same into the books as loan/advances recoverable. This amount is fund of assessee, which should be part of corpus/capital and deposited in modes u/s 11(5). Assessee has shown this as advance

BHUVNESHWARI EDUCATIONAL SOCIETY,MANDI vs. ACIT, CIRCLE, MANDI

In the result, both the appeals of the assessee are treated as allowed for statistical purposes

Bench: Shri Sanjay Garg

penalty u/s 271 (1)(c) of the Act. The Ld. CIT(A), in the last lines / conclusion has mentioned that the appeal of the assessee is allowed, however, as per the discussion in the body of the order it appears that Ld. CIT(A) has dismissed the appeal of the assessee. That Smt. Kalpana Sharma, the President of the assessee

BHUVNESHWARI EDUCATIONAL SOCIETY,MANDI vs. ACIT, CIRCLE, MANDI

In the result, both the appeals of the assessee are treated as allowed for statistical purposes

Bench: Shri Sanjay Garg

penalty u/s 271 (1)(c) of the Act. The Ld. CIT(A), in the last lines / conclusion has mentioned that the appeal of the assessee is allowed, however, as per the discussion in the body of the order it appears that Ld. CIT(A) has dismissed the appeal of the assessee. That Smt. Kalpana Sharma, the President of the assessee

M/S SHAHEED KARTAR SINGH SARABHA CHARITABLE TRUST (REGD.),LUDHIANA vs. DCIT, (E), C-1, CHANDIGARH

Appeal is allowed

Bench: Shri N.K. Saini & Shri Satbeer Singh Godara

12A of the Act. The assessee is having income mainly from the interest on fixed deposits and donations. During the course of assessment proceedings, it was noticed by the Assessing Officer that the assessee has advanced huge amounts to M/s. Punj Lloyd Limited and as such he raised a query as to why section 13(1)(c) read with section