DCIT, C-1(1) , CHANDIGARH vs. M/S FIDELITY INFORMATION SERVICES INDIA PVT. LTD., CHANDIGARH

In the result, the cross-objection filed by the assessee is dismissed

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

155 or section 250 or section 254 or section 260 or section 262 or section 263 or section 264, the amount on which interest was payable under sub-section (1) or sub-section (3) has been increased or reduced, as the case may be, the interest shall be increased or reduced accordingly, and- - In a case where the interest

ACIT, CIRCLE 1(1), CHANDIGARH vs. M/S SML ISUZU LTD., CHANDIGARH

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

Reassessment without jurisdiction and illegal :- It is submitted by the assessee company is that during the relevant assessment year 2015-16, the assessee had in terms of Section 36(1)(vii) of the Act, claimed deduction for bad debts written off aggregating to Rs. 62,15,000/- viz(1) Bank guarantee invoked by the Jalandhar City Transport Services

ITO, WARD, SIRHIND vs. SH. KESAR SINGH, SIRHIND

The appeals of the Revenue is allowed whereas Cross

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

155, 158BE and 231 and for the purposes of payment of interest under section 243 or 244 or, as the case may be, section 244A, for making the assessment or reassessment

ITO, WARD, SIRHIND vs. SH. HARJIT SINGH, SIRHIND

The appeals of the Revenue is allowed whereas Cross

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

155, 158BE and 231 and for the purposes of payment of interest under section 243 or 244 or, as the case may be, section 244A, for making the assessment or reassessment

DCIT, CIRCLE, MANDI GOBINGARH vs. SH. GURINDERJIT SINGH, SIRHIND

The appeals of the Revenue is allowed whereas Cross

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

155, 158BE and 231 and for the purposes of payment of interest under section 243 or 244 or, as the case may be, section 244A, for making the assessment or reassessment

M/S INTERNATIONAL CUSTOMER RELATED MANAGEMENT SERVICES PRIVATE LIMITED,CHANDIGARH vs. D.C.I.T., CIRCLE 6(1), MOHALI

In the result, for statistical purposes, the appeal is

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

reassessment proceedings under section 147 of the Act having being initiated merely on the basis of information received, without independent application of mind by the assessing officer to such information and forming opinion thereof, is illegal and bad in law. 4.4. That on the facts and circumstances of the case and in law, the assessing officer erred in making additions

SHRI RAKESH KUMAR KATARIA,CHANDIGARH vs. DCIT-CC-1, CHANDIGARH

In the result, appeal is allowed as indicated

Bench: Shri A.D. Jain & Shri Vikram Singh Yadavआयकर अपील सं./ Ita No. 159/Chd/2020 "नधा"रण वष" / Assessment Year : 2012-13 Shri Rakesh Kumar Kataria Vs. The Dcit, Central Circle, बनाम Chandigarh Sco 862, Prop. Subhinfra, Ist Floor, Nac, Manimajra, Chandigarh "थायी लेखा सं./Pan No: Aespk5238A अपीलाथ"/Appellant ""यथ"/Respondent "नधा"रती क" ओर से/Assessee By : Sh. Parikshit Aggarwal, Ca राज"व क" ओर से/ Revenue By : Shri Dharamvir, Jcit, Sr. Dr सुनवाई क" तार"ख/Date Of Hearing : 05.03.2024 उदघोषणा क" तार"ख/Date Of Pronouncement : 15.04.2024 आदेश/Order

reassessment, if any, has been made. 5.2 The ld. DR has further contended that in this case, the Assessee filed his return of income on 18.03.2013 and notice u/s 143(2) of the Act was issued on 07.08.2013, and that therefore, notice u/s 153C of the Act was neither called for, nor issued. 5.3 The ld. DR has further contended

VIMAL ALLOYS PRIVATE LIMITED, MANDI GOBINDGARH,PUNJAB vs. JAO THE DEPUTY COMMISSIONER OF INCOME TAX CIRCLE, PATIALA, PUNJAB

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

155 taxmann.com 290 (SC) SUPREME COURT OF INDIA Commissioner of Income-tax v. Canara Bank* Section 36(1)(viia), read with section 148, of the Income-tax Act, 1961 - Bad debts, in case of banks (Reassessment

SCOTT EDIL PHARMACIA LTD.,CHANDIGARH vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, CHANDIGARH

reassess the income of the\nother person in accordance with the provisions of section 153A, if, that Assessing Officer\nis satisfied that the books of account or documents or assets seized or requisitioned have\na bearing on the determination of the total income of such other person for six assessment\nyears immediately preceding the assessment year relevant to the previous

VANEET GUPTA, S.O. SH. CHATTUR BHUJ GUPTA, #214, SECTOR-06,PANCHKULA vs. PCIT PANCHKULA JURISDICTIONAL ASSESSING OFFICER ITO WARD 5, PANCHKULA , PANCHKULA

In the result, Assessee’s appeal is allowed

Bench: Shri Rajpal Yadav & Dr Krinwant Sahayआयकर अपील सं./ Ita No. 560/Chd/2024 "नधा"रण वष" / Assessment Year : 2011-12 Vaneet Gupta, Vs. The Ito, बनाम S.O. Shri Chattur Bhuj Ward 5, Gupta, Panchkula # 214, Sector 6, Panchkula "थायी लेखा सं./Pan No: Aphpg0692N अपीलाथ"/ Appellant ""यथ"/ Repsondent ( Hybrid 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 : 04.12.2024 उदघोषणा क" तार"ख/Date Of Pronouncement : 20.01.2025 आदेश/Order Per Krinwant Sahay, A.M.:

155 taxmann.com 431 (Gujarat). j. Pawan Kumar vs. ITO [2022] 142 taxmann.com 13 (Chandigarh - Trib.) 16. Thus, in nutshell, it was prayed by the ld. Counsel that both on legal issues as well as on merits, the order as passed by the PCIT deserves to be quashed. 17. The ld. DR relied on the order of the PCIT

M/S MANAV MANGAL SOCIETY,CHANDIGARH vs. DCIT, C-1, (E), CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

155 7,42,699 89,137 (13.63 %) Manchanda (26.31 %) 86,98,99 0/- 1,08,24, 358/- 21,25,368/- 1,43,37,0 83/- 35,12,725/- (32.45 %) Total (24.44 %) The above mentioned chart clearly shows that there is huge increasing into the salary from A.Y. 2011-12 to 2012-13 and 2012-13 to 2013-14. The percentage

DCIT, C-1, (E), CHANDIGARH vs. M/S MANAV MANGAL SOCIETY, CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

155 7,42,699 89,137 (13.63 %) Manchanda (26.31 %) 86,98,99 0/- 1,08,24, 358/- 21,25,368/- 1,43,37,0 83/- 35,12,725/- (32.45 %) Total (24.44 %) The above mentioned chart clearly shows that there is huge increasing into the salary from A.Y. 2011-12 to 2012-13 and 2012-13 to 2013-14. The percentage

DCIT,CIRCLE-1(EXEMPTION), CHANDIGARH vs. M/S MANAV MANGAL SCHOOL( MANAV MANGAL SOCIETY), CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

155 7,42,699 89,137 (13.63 %) Manchanda (26.31 %) 86,98,99 0/- 1,08,24, 358/- 21,25,368/- 1,43,37,0 83/- 35,12,725/- (32.45 %) Total (24.44 %) The above mentioned chart clearly shows that there is huge increasing into the salary from A.Y. 2011-12 to 2012-13 and 2012-13 to 2013-14. The percentage

DCIT, C-1, (E), CHANDIGARH vs. M/S MANAV MANGAL SOCIETY, CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

155 7,42,699 89,137 (13.63 %) Manchanda (26.31 %) 86,98,99 0/- 1,08,24, 358/- 21,25,368/- 1,43,37,0 83/- 35,12,725/- (32.45 %) Total (24.44 %) The above mentioned chart clearly shows that there is huge increasing into the salary from A.Y. 2011-12 to 2012-13 and 2012-13 to 2013-14. The percentage

M/S MANAV MANGAL SOCIETY,CHANDIGARH vs. DCIT, C-1, (E), CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

155 7,42,699 89,137 (13.63 %) Manchanda (26.31 %) 86,98,99 0/- 1,08,24, 358/- 21,25,368/- 1,43,37,0 83/- 35,12,725/- (32.45 %) Total (24.44 %) The above mentioned chart clearly shows that there is huge increasing into the salary from A.Y. 2011-12 to 2012-13 and 2012-13 to 2013-14. The percentage

DCIT, C-1, (E), CHANDIGARH vs. M/S MANAV MANGAL SOCIETY, CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

155 7,42,699 89,137 (13.63 %) Manchanda (26.31 %) 86,98,99 0/- 1,08,24, 358/- 21,25,368/- 1,43,37,0 83/- 35,12,725/- (32.45 %) Total (24.44 %) The above mentioned chart clearly shows that there is huge increasing into the salary from A.Y. 2011-12 to 2012-13 and 2012-13 to 2013-14. The percentage

DCIT, C-1, (E), CHANDIGARH vs. M/S MANAV MANGAL SOCIETY, CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

155 7,42,699 89,137 (13.63 %) Manchanda (26.31 %) 86,98,99 0/- 1,08,24, 358/- 21,25,368/- 1,43,37,0 83/- 35,12,725/- (32.45 %) Total (24.44 %) The above mentioned chart clearly shows that there is huge increasing into the salary from A.Y. 2011-12 to 2012-13 and 2012-13 to 2013-14. The percentage

DCIT, C-1, (E), CHANDIGARH vs. M/S MANAV MANGAL SOCIETY, CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

155 7,42,699 89,137 (13.63 %) Manchanda (26.31 %) 86,98,99 0/- 1,08,24, 358/- 21,25,368/- 1,43,37,0 83/- 35,12,725/- (32.45 %) Total (24.44 %) The above mentioned chart clearly shows that there is huge increasing into the salary from A.Y. 2011-12 to 2012-13 and 2012-13 to 2013-14. The percentage