SAROJ CHAUDHARY BALA,PANCHKULA vs. ITO, WARD-4, PANCHKULA

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

Section 16 or Section 17 of the Act. We, therefore, hold that the statutory interest paid under Section 34 of the Act is interest paid for the delayed payment of the compensation amount and, therefore, is a revenue receipt liable to tax under the Income Tax Act." 9. This position of law has been consistently reiterated

SMT. SHANKRI DEVI,PANCHKULA vs. ACIT, PANCKULA CIRCLE, PANCHKULA

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

Section 16 or Section 17 of the Act. We, therefore, hold that the statutory interest paid under Section 34 of the Act is interest paid for the delayed payment of the compensation amount and, therefore, is a revenue receipt liable to tax under the Income Tax Act." 9. This position of law has been consistently reiterated

PAWAN KUMAR,FATEHABAD vs. INCOME TAX OFFICER WARD-1, FATEHABAD

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

Section 16 or Section 17 of the Act. We, therefore, hold that the statutory interest paid under Section 34 of the Act is interest paid for the delayed payment of the compensation amount and, therefore, is a revenue receipt liable to tax under the Income Tax Act." 9. This position of law has been consistently reiterated

ARJESH KUMAR,PATIALA vs. ITO NATIONAL E-ASSESSMENT CENTRE , DELHI

Section 16 or Section 17 of the Act. We, therefore, hold that the statutory interest paid under Section 34 of the Act is interest paid for the delayed payment of the compensation amount and, therefore, is a revenue receipt liable to tax under the Income Tax Act." 9. This position of law has been consistently reiterated

BALBIR KUMAR HUF,CHANDIGARH vs. ITO , CHANDIGARH

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

Section 16 or Section 17 of the Act. We, therefore, hold that the statutory interest paid under Section 34 of the Act is interest paid for the delayed payment of the compensation amount and, therefore, is a revenue receipt liable to tax under the Income Tax Act." 9. This position of law has been consistently reiterated

SH. AMARDEEP SINGH ATHWAL,YAMUNANAGAR vs. ITO, WARD-1, YAMUNANAGAR

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

Section 16 or Section 17 of the Act. We, therefore, hold that the statutory interest paid under Section 34 of the Act is interest paid for the delayed payment of the compensation amount and, therefore, is a revenue receipt liable to tax under the Income Tax Act." 9. This position of law has been consistently reiterated

INCOME TAX OFFICER, FATEHABAD vs. MAHESH NAGPAL, FATEHABAD

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

Section 16 or Section 17 of the Act. We, therefore, hold that the statutory interest paid under Section 34 of the Act is interest paid for the delayed payment of the compensation amount and, therefore, is a revenue receipt liable to tax under the Income Tax Act." 9. This position of law has been consistently reiterated

LABH SINGH,PANCHKULA vs. INCOME TAX OFFICER, WARD NO 2,, PANCHKULA

68, Shiv Shakti Colony, Pinjore-134102\nबनाम\nThe ITO\nWard-2, Panchkula\nस्थायी लेखा सं./ PAN NO: EAAPS5523L\nअपीलार्थी/Appellant\nप्रत्यर्थी/Respondent\nनिर्धारिती की ओर से / Assessee by :\nSmt. Neelam Dhiman, C.A (Virtual)\nराजस्व की ओर से / Revenue by :\nShri Manav Bansal, CIT, DR\nआयकर अपील सं. / ITA No. 668/Chd/2022\nनिर्धारण वर्ष / Assessment Year: 2018-19\nShri Suresh Pal,\nVill

IND SWIFT LABORATORIES LTD.,CHANDIGARH vs. DCIT, CIRCLE 1(1), CHANDIGARH

In the result, the appeal is allowed, as indicated

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

VIII) that out of long term 'other loans and advances' of Rs.66. 83 crore, an amount of Rs.52.53 crore had been advanced to related parties, i.e., 78.6% of the total amount was given to related parties and an amount of Rs.14.43 crore had been advanced to others; that similarly, it was seen from the notes to the balance sheet (Note

SANDEEP PURI,PATIALA vs. ITO WARD -4,, PATIALA

In the result, both the appeals of the assessees are allowed

VIII, Focal Point Ward 1(1), Ludhiana Ludhiana- 141010, Punjab "थायी लेखा सं./PAN NO: AAECA2000K अपीलाथ"/Appellant ""यथ"/Respondent "नधा"रती क" ओर से/Assessee by : Smt. Monvica Kaushal, CA राज"व क" ओर से/ Revenue by : Smt. Priyanka Dhar, Sr. DR आयकर अपील सं./ ITA No. 317 /Chd/ 2021 "नधा"रण वष" / Assessment Year : 2018-19 DS Multimedia

M/S PACIFIC ENGINEERS,MOHALI vs. ADIT,CPC, BENGALURU/ITO WARD 6(1), CHANDIGARH

In the result, both the appeals of the assessees are allowed

VIII, Focal Point Ward 1(1), Ludhiana Ludhiana- 141010, Punjab "थायी लेखा सं./PAN NO: AAECA2000K अपीलाथ"/Appellant ""यथ"/Respondent "नधा"रती क" ओर से/Assessee by : Smt. Monvica Kaushal, CA राज"व क" ओर से/ Revenue by : Smt. Priyanka Dhar, Sr. DR आयकर अपील सं./ ITA No. 317 /Chd/ 2021 "नधा"रण वष" / Assessment Year : 2018-19 DS Multimedia

ATUL GLOBAL PVT.LTD.,LUDHIANA vs. ITO-WARD-1(1), LUDHIANA

In the result, both the appeals of the assessees are allowed

VIII, Focal Point Ward 1(1), Ludhiana Ludhiana- 141010, Punjab "थायी लेखा सं./PAN NO: AAECA2000K अपीलाथ"/Appellant ""यथ"/Respondent "नधा"रती क" ओर से/Assessee by : Smt. Monvica Kaushal, CA राज"व क" ओर से/ Revenue by : Smt. Priyanka Dhar, Sr. DR आयकर अपील सं./ ITA No. 317 /Chd/ 2021 "नधा"रण वष" / Assessment Year : 2018-19 DS Multimedia

M/S OVER AND ABOVE SOFTWARE AND INFRASTRUCTURE SOLUTION (OASIS),MOHALI vs. ITO, WARD 6(1),, MOHALI

In the result, both the appeals of the assessees are allowed

VIII, Focal Point Ward 1(1), Ludhiana Ludhiana- 141010, Punjab "थायी लेखा सं./PAN NO: AAECA2000K अपीलाथ"/Appellant ""यथ"/Respondent "नधा"रती क" ओर से/Assessee by : Smt. Monvica Kaushal, CA राज"व क" ओर से/ Revenue by : Smt. Priyanka Dhar, Sr. DR आयकर अपील सं./ ITA No. 317 /Chd/ 2021 "नधा"रण वष" / Assessment Year : 2018-19 DS Multimedia

DS MULTIMEDIA PRIVATE LIMITED,PANCHKULA vs. DCIT,CPC/ITO WARD-1, PANCHKULA

In the result, both the appeals of the assessees are allowed

VIII, Focal Point Ward 1(1), Ludhiana Ludhiana- 141010, Punjab "थायी लेखा सं./PAN NO: AAECA2000K अपीलाथ"/Appellant ""यथ"/Respondent "नधा"रती क" ओर से/Assessee by : Smt. Monvica Kaushal, CA राज"व क" ओर से/ Revenue by : Smt. Priyanka Dhar, Sr. DR आयकर अपील सं./ ITA No. 317 /Chd/ 2021 "नधा"रण वष" / Assessment Year : 2018-19 DS Multimedia

DOUBLE KNITWEAR,LUDHIANA vs. ITO WARD 3(1), LUDHIANA

In the result, both the appeals of the assessees are allowed

VIII, Focal Point Ward 1(1), Ludhiana Ludhiana- 141010, Punjab "थायी लेखा सं./PAN NO: AAECA2000K अपीलाथ"/Appellant ""यथ"/Respondent "नधा"रती क" ओर से/Assessee by : Smt. Monvica Kaushal, CA राज"व क" ओर से/ Revenue by : Smt. Priyanka Dhar, Sr. DR आयकर अपील सं./ ITA No. 317 /Chd/ 2021 "नधा"रण वष" / Assessment Year : 2018-19 DS Multimedia

CHERRY CHIK HATCHERIES PRIVATE LIMITED,MALERKOTLA vs. ITO WARD - 1,, MALERKOTLA

In the result, both the appeals of the assessees are allowed

VIII, Focal Point Ward 1(1), Ludhiana Ludhiana- 141010, Punjab "थायी लेखा सं./PAN NO: AAECA2000K अपीलाथ"/Appellant ""यथ"/Respondent "नधा"रती क" ओर से/Assessee by : Smt. Monvica Kaushal, CA राज"व क" ओर से/ Revenue by : Smt. Priyanka Dhar, Sr. DR आयकर अपील सं./ ITA No. 317 /Chd/ 2021 "नधा"रण वष" / Assessment Year : 2018-19 DS Multimedia

M/S PACIFIC ENGINEERS,MOHALI vs. ADIT,CPC, BENGALURU/ITO WARD 6(1), CHANDIGARH

In the result, both the appeals of the assessees are allowed

VIII, Focal Point Ward 1(1), Ludhiana Ludhiana- 141010, Punjab "थायी लेखा सं./PAN NO: AAECA2000K अपीलाथ"/Appellant ""यथ"/Respondent "नधा"रती क" ओर से/Assessee by : Smt. Monvica Kaushal, CA राज"व क" ओर से/ Revenue by : Smt. Priyanka Dhar, Sr. DR आयकर अपील सं./ ITA No. 317 /Chd/ 2021 "नधा"रण वष" / Assessment Year : 2018-19 DS Multimedia

PERIDOT KNITWEARS PRIVATE LIMITED,LUDHIANA vs. ITO WARD -7(5),, LUDHIANA

In the result, both the appeals of the assessees are allowed

VIII, Focal Point Ward 1(1), Ludhiana Ludhiana- 141010, Punjab "थायी लेखा सं./PAN NO: AAECA2000K अपीलाथ"/Appellant ""यथ"/Respondent "नधा"रती क" ओर से/Assessee by : Smt. Monvica Kaushal, CA राज"व क" ओर से/ Revenue by : Smt. Priyanka Dhar, Sr. DR आयकर अपील सं./ ITA No. 317 /Chd/ 2021 "नधा"रण वष" / Assessment Year : 2018-19 DS Multimedia