SHRI GANGA RAM ADWANI,RISHIKESH vs. DCIT, RISHIKESH

In the result the appeal filed by the assessee is allowed

Bench: Shri R.K. Panda & Shri Sudhanshu Srivastavaasstt. Year 2008-09

business, commission income and income from other sources. He noted that during the course of search and seizure operation conducted u/s 132 of the I.T. Act at the residential premises of Mittal family of M/s. Kanatal Resorts group of cases at Mussoorie Chamba Road, Dehradun, certain documents were found & seized from different premises and statements on oath

OMWATI,DEHRADUN vs. PR.CIT, DEHRADUN

In the result, the appeal of the assessee is allowed

Bench: Shri Challa Nagendra Prasad & Shri M. Balaganeshsmt. Omwati Pr. Cit W/O Sh. Dariyav Singh Dehradun 171/1, Vasant Vihar, Vs. Dehradun Pan-Aanpw 6438K (Appellant) (Respondent)

business. The return of income for A.Y.2010-11 was filed on 30/09/2010 declaring total income of Rs.20,50,270/- showing capital gains at Nil. The assessee sold an agricultural land along with her husband Sh. Dariyav Singh and Sh. Sanjay Kumar during the year under consideration. The assessee had capital gains of Rs.35,08,250/- and from the sale proceeds

INCOME TAX OFFICER, WARD-1(1)(3), DEHRADUN, AAYKAR BHAWAN, SUBHASH ROAD, DEHRADUN vs. UTTARAKHAND PURV SAINIK KALYAN NIGAM LIMITED, STATION SUB AREA

In the result, appeal of the assessee is allowed

Bench: Sh. Yogesh Kumar U.S. & Sh. Manish Agarwal

business amounting to Rs. 5,82,53,120/- under section 10(26BBB) of the Act. The A.O. completed the assessment under section 143(3)/147 of the Act on 30.03.2017, wherein the claimed exemption of Rs. 5,82,53,120/- by the appellant was disallowed and added back to its total income.” 4. Aggrieved by the assessment order dated

RITU SINGHAL,DEHRADUN vs. DCIT/ACIT , CENTRAL CIRCLE, DEHRADUN

In the result, appeal of the assessee is allowed

income of INR\n49,61,640/-. Subsequently, a search and seizure operation was\nconducted at the assessee's residential and business premises on\n17.12.2021. As a result of search, reassessment

ACIT, UTTRAKHAND vs. M/S. UTTARANCHAL JAL VIDYUT NIGAM LTD., DEHRADUN

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

Bench: Shri R.K. Panda & Shri Challa Nagendra Prasadassessment Year: 2012-13 Acit, Vs. Uttaranchal Jal Vidyut Circle-2, Nigam Ltd., 13-A, Subhash Road, Ujjwal, Maharani Bagh, Uttarakhand. Gms Road, Dehradun. Pan: Aaacu6672R (Appellant) (Respondent) Assessee By : Dr. Rakesh Gupta, Advocate & Shri Somil Aggarwal, Advocate Revenue By : Smt. Poonam Sharma, Sr. Dr Date Of Hearing : 22.12.2021 Date Of Pronouncement : 24.12.2021 Order Per R.K. Panda, Am: This Appeal Filed By The Revenue Is Directed Against The Order Dated 29Th December, 2016 Of The Cit(A), Dehradun, Relating To Assessment Year 2012-13. 2. The Only Effective Ground Raised By The Revenue Reads As Under:- “1. The Ld.Cit(A) Has Erred In Law & On Facts By Allowing Depreciation On Assets For Which The Actual Cost As Per Section 43(1) Of The Income Tax Act, 1961 Was Nil. 2. The Order Of The Ld.Cit(Appeals) Be Set Aside & That Of The Assessing Officer Be Restored.”

Business” should be computed by the Income tax Authority. Thereafter, the assessee made submissions on the concept of accrual and role of accounting standards. It was submitted that it had been judicially held that Income accrues or arises when the assessee acquires a right to receive the same. However, mere claim will not fall in the ambit of the income

GANESH NEGI,HARIDWAR vs. ITO, UTTRAKHAND

In the result, the appeal is partly allowed

Bench: Us:-

reassessment proceedings, the assessee claimed that apart from retail trading of garments, he is also engaged in the business of petty civil contracts. However, no details with regard to assessee carrying on civil contract business were furnished with cogent evidence before the learned Assessing Officer. Accordingly, 4 AY: 2009-10 with regard to cash deposits made in PNB amounting

MI OVERSEAS LTD.,MUMBAI vs. ADIT, DEHRADUN

In the result ITA number 5584/Del/2013 filed by the assessee for assessment year

Bench: Shri Sudhanshu Srivastava & Shri Prashant Maharishi

business of providing services and facilities in connection with an supplying plant and machinery on rent for the purpose of extraction and production of mineral oil. The assessee did not distinguish the stream of its income received from PSC and non-PSC partners. The learned assessing officer held that receipts from PSC contracts are considered to be eligible for claim

MI OVERSEAS LTD.,MUMBAI vs. ADIT, DEHRADUN

In the result ITA number 5584/Del/2013 filed by the assessee for assessment year

Bench: Shri Sudhanshu Srivastava & Shri Prashant Maharishi

business of providing services and facilities in connection with an supplying plant and machinery on rent for the purpose of extraction and production of mineral oil. The assessee did not distinguish the stream of its income received from PSC and non-PSC partners. The learned assessing officer held that receipts from PSC contracts are considered to be eligible for claim

ADIT, DEHRADUN vs. M/S. M.I. OVERSEAS LTD., NOIDA

In the result ITA number 5584/Del/2013 filed by the assessee for assessment year

Bench: Shri Sudhanshu Srivastava & Shri Prashant Maharishi

business of providing services and facilities in connection with an supplying plant and machinery on rent for the purpose of extraction and production of mineral oil. The assessee did not distinguish the stream of its income received from PSC and non-PSC partners. The learned assessing officer held that receipts from PSC contracts are considered to be eligible for claim

ADIT (INTERNATIONAL TAXATION), DEHRADUN vs. M/S. M.I, OVERSEAS LTD., MUMBAI

In the result ITA number 5584/Del/2013 filed by the assessee for assessment year

Bench: Shri Sudhanshu Srivastava & Shri Prashant Maharishi

business of providing services and facilities in connection with an supplying plant and machinery on rent for the purpose of extraction and production of mineral oil. The assessee did not distinguish the stream of its income received from PSC and non-PSC partners. The learned assessing officer held that receipts from PSC contracts are considered to be eligible for claim

MI OVERSEAS LTD.,MUMBAI vs. ADIT, DEHRADUN

In the result ITA number 5584/Del/2013 filed by the assessee for assessment year

Bench: Shri Sudhanshu Srivastava & Shri Prashant Maharishi

business of providing services and facilities in connection with an supplying plant and machinery on rent for the purpose of extraction and production of mineral oil. The assessee did not distinguish the stream of its income received from PSC and non-PSC partners. The learned assessing officer held that receipts from PSC contracts are considered to be eligible for claim

MI OVERSEAS LTD.,NEW DELHI vs. ADIT, DEHRADUN

In the result ITA number 5584/Del/2013 filed by the assessee for assessment year

Bench: Shri Sudhanshu Srivastava & Shri Prashant Maharishi

business of providing services and facilities in connection with an supplying plant and machinery on rent for the purpose of extraction and production of mineral oil. The assessee did not distinguish the stream of its income received from PSC and non-PSC partners. The learned assessing officer held that receipts from PSC contracts are considered to be eligible for claim

ADIT (INTERNATIONAL TAXATION), DEHRADUN vs. M/S. M.I, OVERSEAS LTD., MUMBAI

In the result ITA number 5584/Del/2013 filed by the assessee for assessment year

Bench: Shri Sudhanshu Srivastava & Shri Prashant Maharishi

business of providing services and facilities in connection with an supplying plant and machinery on rent for the purpose of extraction and production of mineral oil. The assessee did not distinguish the stream of its income received from PSC and non-PSC partners. The learned assessing officer held that receipts from PSC contracts are considered to be eligible for claim

DARIYAV SINGH,DEHRADUN vs. PR. CIT, DEHRADUN

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

Bench: Shri Saktijit Dey & Shri M. Balaganeshsh. Sanjay Kumar Pr. Cit 170, Vasant Vihar-1 Dehradun Dehradun Vs. Pan-Akkpk 1007F (Appellant) (Respondent) Sh. Dariyav Singh Pr. Cit 28-Chakrata Road, Dehradun Dehradun Vs. Pan-Awkps 6026L (Appellant) (Respondent) Appellant By Dr. Rakesh Gupta & Mr. Sherey Jain, Advocates Respondent By Mr. N.S.Jangpangi, Cit-Dr

business and house property. The return of income for A.Y.2010-11 was filed on 30/09/2010 declaring total income of Rs.11,80,610/- showing capital gains at Nil. The assessee sold an agricultural land along with Sh. Dariyav Singh and Sh. Omwati during the year under consideration. The assessee had capital gains of Rs.35,08,250/- and from the sale proceeds

SANJAY KUMAR,DEHRADUN vs. PRCIT, DEHRADUN

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

Bench: Shri Saktijit Dey & Shri M. Balaganeshsh. Sanjay Kumar Pr. Cit 170, Vasant Vihar-1 Dehradun Dehradun Vs. Pan-Akkpk 1007F (Appellant) (Respondent) Sh. Dariyav Singh Pr. Cit 28-Chakrata Road, Dehradun Dehradun Vs. Pan-Awkps 6026L (Appellant) (Respondent) Appellant By Dr. Rakesh Gupta & Mr. Sherey Jain, Advocates Respondent By Mr. N.S.Jangpangi, Cit-Dr

business and house property. The return of income for A.Y.2010-11 was filed on 30/09/2010 declaring total income of Rs.11,80,610/- showing capital gains at Nil. The assessee sold an agricultural land along with Sh. Dariyav Singh and Sh. Omwati during the year under consideration. The assessee had capital gains of Rs.35,08,250/- and from the sale proceeds

METRO FROZEN FRUIT & VEGETABLES PVT. LTD.,ROORKEE vs. DCIT, CIRCLE, HARIDWAR

In the result, the appeal of the assessee is party allowed

Bench: Shri R.K. Panda & Shri N. K. Choudhry[Assessment Year: 2009-10] Metro Frozen Fruits & Dcit, Vegetables Pvt. Ltd. Circle Haridwar, Plot No.22, Rajpur, Vs Uttarakhan Bhagwanpur, Roorkee, Uttrakhand Pan-Aaecm4521F Assessee Revenue Assessee By Sh. Piyush Kuchhal, Fca Revenue By Ms. Poonam Sharma Cit-Dr Date Of Hearing 23.02.2022 Date Of Pronouncement 08.03.2022 Order Per R.K. Panda, Am, This Appeal Filed By The Assessee Is Directed Against The Order Dated 24.01.2019 Of The Learned Cit(A), Dehradun, Relating To Assessment Year 2009-10. 2. The Grounds Raised By The Assessee Are As Under:-

reassessment proceedings on the ground that the assessee had not carried forward correct WDV of some assets from AYs 2008-09 to AY 2009-10. He noted that the assessee made additions amounting to Rs.18,08,727/- in the building, (WDV Rs.1,18,44,748/-) during the FY 2008-09 and charged depreciation amounting to Rs.1,80,873/- irregularly

SANJAY BANSAL,DEHRADUN vs. DCIT CENTRAL CIRCLE, DEHRADUN

In the result, appeal of the assessee is allowed

Bench: Sh. Anil Chaturvedi & Sh. Challa Nagendra Prasad

business and residential premises of the assessee on 26.04.2012 and DBIT Group of cases. Consequently, notice u/s 153A(1)(a) of the Act was issued on 05.03.2013 and served upon the assessee. In response to the aforesaid notice, assessee furnished return of income on 31.03.2014 declaring total income at Rs.4,37,640/-. Thereafter, the case was taken up for scrutiny

SANJAY BANSAL,NEW DELHI vs. DCIT CENTRAL CIRCLE, DEHRADUN

In the result, appeal of the assessee is allowed

Bench: Sh. Anil Chaturvedi & Sh. Challa Nagendra Prasad

business and residential premises of the assessee on 26.04.2012 and DBIT Group of cases. Consequently, notice u/s 153A(1)(a) of the Act was issued on 05.03.2013 and served upon the assessee. In response to the aforesaid notice, assessee furnished return of income on 31.03.2014 declaring total income at Rs.4,37,640/-. Thereafter, the case was taken up for scrutiny