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2 results for “capital gains”+ Section 96clear

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Key Topics

Section 35D3Section 2602Deduction2

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

ITA/290/2005HC Punjab & Haryana05 Dec 2025

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

Section 260Section 35D

96 and 1996-97, thus, deduction was not permissible in 1997-98. With respect to deduction of warranty claim, he expressed his inability to controvert that deduction with respect to said expenses has been allowed in DEEPAK BISSYAN 2025.12.09 10:20 I attest to the accuracy and integrity of this document ITA-290-2005 (O&M) -3- the subsequent years

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

The appeals are allowed and impugned orders are

ITA/244/2005HC Punjab & Haryana09 Feb 2023

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

Section 143
Section 260
Section 37

96-97), the appellant-company claimed deduction on account of travelling expenditure incurred on the director's wife accompanying their husbands on business tours, to the tune of Rs.1,56,076/-. The appellant-company claimed ITA Nos. 244, 281, 282, 283 & 630 of 2005 2023:PHHC:056092-DB 3 deducted under Section 37 of Act 1961 on account of expenditure