RAMESH KUMAR vs. COMMISSIONER OF INCOME TAX

The appeal is dismissed

Bench: MR. JUSTICE AJAY TEWARI,MR. JUSTICE AVNEESH JHINGAN

capital gain. Supreme Court in M/s Malabar Industrial Co. Ltd. v. Commissioner of Income-tax, Kerala State, 2000(2) SCC 718 held as under: “11, In the instant case, the Commissioner noted that the Income-tax Officer passed the order of nil assessment without application of mind. Indeed, the High Court recorded the finding that the Income-tax Officer failed

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

6. Learned counsel for the respondent further emphasized that the amounts deposited with the assessee were only receipts and the taxable income would be only after deduction of expenses, which were to be incurred by it in the succeeding years. He, therefore, urged that the observations made by the authorities below that the additions as made by the assessing officer

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

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

6. We have heard learned counsel for the parties and perused the record with their able assistance. 7. As per Section 35D of 1961 Act, where an assessee being an Indian company incurs any expenditure after the commencement of his business, in connection with the expansion of his undertaking or in connection with setting up his new business

INDERPAL SINGH AHUJA vs. THE ASSESSING OFFICER-CUM-A.C.I.T. ORS

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

2. The appellant through instant appeal under Section 260A of Income Tax Act, 1961 (for short ‘1961 Act’) is seeking setting aside of order dated 22.02.2006 passed by Income Tax Appellate Tribunal, Amritsar (for short ‘ITAT’) for Assessment Year 2002-03. DEEPAK BISSYAN 2026.02.24 14:18 I attest to the accuracy and integrity of this document

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

capital expenditure or personal expenses of the assessee), laid out or expended wholly and exclusively for the purposes of the business or profession shall be allowed in computing the income chargeable under the head "Profits and gains of business or profession". Explanation 1.—For the removal of doubts, it is hereby declared that any expenditure incurred by an assessee

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

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

2. The appeals. (i) (ii) 3. Sin Assessment Yea impugned order years is the sam and decision at r BRIEF FACTS 4. The business of man 1997-1998, the (O&M) and other connected ca HARMA, J. ese appeals pertaining to Assess have been preferred against ord e Tax Appellate Tribunal, Cha 5 for the Assessment Years 1998 e following

PR COMMISSIONER OF INCOME TAX-2 CHANDIGARH vs. M/S SMITHKLINE BEECHAM CONSUMER HEALTHCARE LTD

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

2. The appellant has raised following questions for adjudication by this Court:- (i) Whether, on the facts and in the circumstances of the case and in law, the Hon'ble ITAT is right in deleting the addition of Rs. 4.5 cr. made on account of treating the compensation received by the assessee on account of termination of trademark