A.B. SUGARS LIMITED,PUNJAB vs. PRINCIPAL COMMISSIONER OF INCOME TAX-1, CHANDIGARH

In the result, the appeal of the assessee is allowed

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

section 80IA. But in actually, the company had incurred loss of Rs. 3,91,00,050/-(561588714-5224S8664) instead of profit amounting to Rs. 24,07,35,537/-. Thus, the company had claimed excess deduction amounting to Rs. 24,07,35,537/-." In response to this, we would like to inform that Cogen Unit for production of steam

A.B. SUGARS LIMITED,PUNJAB vs. PRINCIPAL COMMISSIONER OF INCOME TAX -1, CHANDIGARH, CHANDIGARH

In the result, the appeal of the assessee is allowed

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

section 80IA. But in actually, the company had incurred loss of Rs. 3,91,00,050/-(561588714-5224S8664) instead of profit amounting to Rs. 24,07,35,537/-. Thus, the company had claimed excess deduction amounting to Rs. 24,07,35,537/-." In response to this, we would like to inform that Cogen Unit for production of steam

M/S NECTAR LIFESCIENCE LTD.,CHANDIGARH vs. DCIT, C-1(1), CHANDIGARH

In the result, appeal of the assessee is allowed

section 92C of the Act to the TPO for determining the arms length price in respect of specific domestic transaction undertaken by the assessee. The TPO after examining the transfer pricing adjustment and analyzing the specific domestic transaction with associated enterprises, proceeded to bench mark the power from eligible unit to non eligible unit specifically supply of electricity and steam

ACIT, CIRCLE, SHIMLA vs. SHRI VINOD SHARMA, NEW DELHI

In the result, the appeal of the Revenue is dismissed

Bench: Shri A.D. Jain & Dr Krinwant Sahayआयकर अपील सं./ Ita No. 1449/Chd/2019 "नधा"रण वष" / Assessment Year: 2015-16 The Acit, Vs. Shri Vinod Sharma, बनाम B-1/3, Circle, Safdarjang Enclave, Shimla New Delhi 110029 "थायी लेखा सं./Pan No: Abkps1560N अपीलाथ"/ Appellant ""यथ"/ Repsondent (Hybrid Mode ) "नधा"रती क" ओर से/Assessee By : Sh. Vishal Mohan, Sr. Advocate With Shri Ahninav Bazwaria, Advocate राज"व क" ओर से/ Revenue By : Smt. Kusum Bansal, Cit Dr सुनवाई क" तार"ख/Date Of Hearing : 10.06.2024 उदघोषणा क" तार"ख/Date Of Pronouncement : 09.07.2024

price after adjusting the above and also the cost of the same was also enhanced in accordance with the said agreement. The appellant has placed on record a copy of the receipt to show further amount of Rs.4,20,781/- which was paid on 30.05.2014. Even otherwise, the appellant has relied on the Circular issued by CBDT number 471 dated

SAHIBZADA TIMBER AND PLY PRIVATE LIMITED ,MOHALI vs. DCIT, ACIT CENTRAL CIRCLE-2, CHANDIGARH, CHANDIGARH

In the result, the appeal of the assessee is dismissed

Bench: SHRI. VIKRAM SINGH YADAV, AM आयकर अपील सं./ ITA No. 699/Chd/2024 निर्धारण वर्ष / Assessment Year : 2019-20 M/s Sahibzada Timber & Ply Private Limited B41-42, Phase-3, Indl. Aera, SAS Nagar Mohali, Punjab बनाम The DCIT Central Circle-2 Chandigarh स्थायी लेखा सं./PAN NO: AAQCS2239G अपीलार्थी/Appellant प्रत्यर्थी/Respondent निर्धारिती की ओर से/Assessee by : Shri Mohit Dhiman, C.A राजस्व की ओर से/ Revenue by : Dr. Ranjeet Kaur, Sr. DR Shri Dharam Vir, Addl. CIT, Sr.DR सुनवाई की तारीख/Date of He

Section 12-B(2) applied to the case, but nevertheless proceeded to affirm the order of the Appellate Assistant Commissioner. In para 7 of the order dated August 23, 1951 the Appellate Tribunal stated that "these shares were transferred by the assessee company to one Giridharilal Mehta on 1st April, 1946 at the book value of Rs 136 per share

SH. RAMINDER SINGH,MOHALI vs. INCOME TAX OFFICER, WARD-6(2), MOHALI

The appeal of the assessee stands partly allowed

Bench: Shri Sanjay Garg & Smt.Annapurna Guptaआयकर अपील सं./ Ita No.1270/Chd/2019 "नधा"रण वष" / Assessment Year : 2015-16

section 50C of the Act,as against 1.14 crs shown by the assessee, on the basis of information called for u/s 133(6) of the Act from the Estate Officer GMADA, who submitted as under: Size of Plot Transfer fees charged Total price as per transfer fees 200 sq yards 1,25,000/- 50,00,000/- 300 sq yards

CENTRIENT PHARMACEUTICALS INDIA PRIVATE LIMITED,PUNJAB vs. DCIT/ ACIT, CIRCLE 1(1), CHANDIGARH, CHANDIGARH

In the result, the appeal of the assessee is allowed for statistical purposes

Bench: Shri Rajpal Yadav & Shri Krinwant Sahayआयकर अपील सं./ I.T.A. No. 1201/Chd/2024 "नधा"रण वष" / Assessment Year: 2021-22

Transfer Pricing Officer, DCIT, 1(2)(2), New Delhi till now and hence the final order in the case is being finalized without giving effect to the directions of the Hon'ble DRP in the case of the assessee as the time limit for completion of the final order expires by 31/10/2024. However, this final order may be rectified accordingly

SMT. DARSHAN DEVI,KAITHAL vs. ITO, KAITHAL

Appeals of the Assessee are partly allowed for statistical purposes

Bench: Shri. Sanjay Garg & Dr. B.R.R. Kumarassessment Year: 2007-08

price of the land @ Rs. 345/- per sq. yrds as on 01/04/1981. Hence, we feel that the ends of the justice would be met by restoring the matter back to the file of the Assessing Officer to determine the value of the land by making necessary enquiries after giving an opportunity to the assessee and on considering the stand

PARVEEN KUMAR,KAITHAL vs. ITO, KAITHAL

Appeals of the Assessee are partly allowed for statistical purposes

Bench: Shri. Sanjay Garg & Dr. B.R.R. Kumarassessment Year: 2007-08

price of the land @ Rs. 345/- per sq. yrds as on 01/04/1981. Hence, we feel that the ends of the justice would be met by restoring the matter back to the file of the Assessing Officer to determine the value of the land by making necessary enquiries after giving an opportunity to the assessee and on considering the stand

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

54 Taxman 496 whereby it was held that\narrears of interest computed on delayed or enhanced compensation shall\nbe taxable on accrual basis. Therefore, when one reads the words \"interest\nreceived on compensation or enhanced compensation\" in section 145A of\nthe I.T. Act, the same have to be construed in the manner interpreted by the\nSupreme Court in Ghanshyam

GLAXOSMITHKLINE ASIA PVT. LTD.,GURGAON vs. DCIT, CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

section 92B of the Act defining the international transactions, will prevail. Following the decision of the Hon'ble Delhi High Court and applying it to the issue before us, we hold that for characterizing the receivables as international transactions, the same could not have been done automatically and the TPO ideally should have studied the pattern in the accounts

GLAXOSMITHKLINE ASIA PVT. LTD.,GURGAON vs. DCIT, CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

section 92B of the Act defining the international transactions, will prevail. Following the decision of the Hon'ble Delhi High Court and applying it to the issue before us, we hold that for characterizing the receivables as international transactions, the same could not have been done automatically and the TPO ideally should have studied the pattern in the accounts

GLAXOSMITHKLINE ASIA PVT. LTD.,GURGAON vs. ACIT, CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

section 92B of the Act defining the international transactions, will prevail. Following the decision of the Hon'ble Delhi High Court and applying it to the issue before us, we hold that for characterizing the receivables as international transactions, the same could not have been done automatically and the TPO ideally should have studied the pattern in the accounts

M/S GLAXOSMITHKLINE ASIA PVT. LTD.,GURGAON vs. ACIT, CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

section 92B of the Act defining the international transactions, will prevail. Following the decision of the Hon'ble Delhi High Court and applying it to the issue before us, we hold that for characterizing the receivables as international transactions, the same could not have been done automatically and the TPO ideally should have studied the pattern in the accounts

ACIT, CHANDIGARH vs. M/S GLAXO SMITHKLINE ASIA PVT. LTD., GURGAON

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

section 92B of the Act defining the international transactions, will prevail. Following the decision of the Hon'ble Delhi High Court and applying it to the issue before us, we hold that for characterizing the receivables as international transactions, the same could not have been done automatically and the TPO ideally should have studied the pattern in the accounts

ACIT, CHANDIGARH vs. M/S GLAXO SMITHKLINE ASIA PVT. LTD., GURGAON

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

section 92B of the Act defining the international transactions, will prevail. Following the decision of the Hon'ble Delhi High Court and applying it to the issue before us, we hold that for characterizing the receivables as international transactions, the same could not have been done automatically and the TPO ideally should have studied the pattern in the accounts

M/S GLAXO SMITHKLINE ASIA PVT. LTD.,GURGAON vs. ACIT, C-4(1), CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

section 92B of the Act defining the international transactions, will prevail. Following the decision of the Hon'ble Delhi High Court and applying it to the issue before us, we hold that for characterizing the receivables as international transactions, the same could not have been done automatically and the TPO ideally should have studied the pattern in the accounts

ACIT, CHANDIGARH vs. M/S GLAXO SMITHKLINE ASIA PVT. LTD., GURGAON

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

section 92B of the Act defining the international transactions, will prevail. Following the decision of the Hon'ble Delhi High Court and applying it to the issue before us, we hold that for characterizing the receivables as international transactions, the same could not have been done automatically and the TPO ideally should have studied the pattern in the accounts