M/S VIJAY KUMAR GARG CONTRACTORS vs. COMMISSIONER OF INCOME TAX

Appeal is allowed

Bench: MR. JUSTICE SANJEEV PRAKASH SHARMA,MR. JUSTICE SANJAY VASHISTH

capital gain of amount of Rs. 23,49,426 Was rom the income for working out an amount of Rs.23,49,426 from e side of Rs.2,86,65,379, the net 63,15,953. Likewsie, amount of on sale of shares was required

CIT-I CHANDIGARH vs. M/S PB.INFO&COMM. TECH. CORP. LTD. CHD.

The appeals are dismissed

Bench: MS. JUSTICE RITU BAHRI,MRS. JUSTICE MANISHA BATRA

disallowed and these observations did not deserve to be interfered with. To fortify his arguments, learned counsel for the respondent-assessee has placed reliance upon the authorities cited as Principal of Commissioner of Income Tax v. Salarpuria Simplex Dwelling LLP, (2022) 216 DTR Judgments; Commissioner of Income Tax Chennai v. Bilahari Investment (P) Ltd., (2008) 4 Supreme Court Cases

M/S MAJESTIC AUTO LTD vs. COMMISSIONER OF IT & ANR

Bench: MR. JUSTICE AMARINDER SINGH GREWAL,MR. JUSTICE JAGMOHAN BANSAL

disallowed. 2. The matter relates to Assessment Year 1997-98. The appellant is engaged in the business of automobile parts. With intent to expand its business outside the country, it incurred travelling and staff expenses outside the country during 1995-96 and 1996-97. The appellant attempted to set up a unit in China. The project could not be materialized

M/S ROCKMAN CYCLES INDS. LTD. vs. COMMR. OF INCOME TAX, LDH. AND ANR.

The appeals are allowed and impugned orders are

Bench: MS. JUSTICE RITU BAHRI,MRS. JUSTICE MANISHA BATRA

disallowed both the claims of the assessee-Company, vide order dated 26.02.1999 (A-1). Feeling aggrieved against the above order, the appellant- Company preferred appeal before the Commissioner of Income Tax (Appeals) and the same was partly allowed on 11.08.1999 (A-2) by allowing the claim of the assessee i.e qua the travelling expenditure as well as fees

M/S PANCHSHEEL TEXTILE MANFAC. & TRAD. vs. C I T AND ANR.

Bench: MRS. JUSTICE LISA GILL,MRS. JUSTICE SUDEEPTI SHARMA

disallowed the e amount for inv ground that pur purpose of tradin 6. The Commissioner o 05.10.2004 allo order dated 17.0 1999-2000 and 05.10.2004 and who vide its ord 7. Hen SUBMISSIONS 8. Lea appellant to car amendment in th their meeting da stock-in-trade an learned Assessin the appellant ha (O&M) and other connected ca sessing