COMMISSIONER OF INCOME TAX CHANDIGARH vs. M/S IMPROVEMENT TRUST BATHINDA

The appeals are hereby dismissed

Bench: MRS. JUSTICE LISA GILL,MR. JUSTICE DEEPAK MANCHANDA

26 of 2016, ITA Nos. 7, 42 and 99 of 2015 all titled as The Commissioner of Income Tax (Exemption), Chandigarh vs. M/s Improvement Trust, Chhoti Baradari, Patiala. All the appeals have common facts, for convenience sake, facts are being taken from I.T.A. No.161 of 2016. 2. The Revenue has filed the appeal under Section 260A of Income

PRINCIPAL COMMISSIONER OF INCOME TAX FARIDABAD vs. M/S NHPC LTD

The appeals stand disposed of

Bench: MR. JUSTICE AJAY TEWARI,MR. JUSTICE HARNARESH SINGH GILL

26,94,93,951/- made by the Assessing Officer in computing the book-profit u/s 115JB on a/c of provisions made for gratuity, leave encashment, post retirement medical benefits, LTC, Baggage allowance and Matching Contribution on Leave Encashment even when the assessee has failed to establish these provisions to be of ascertained in nature?” 6. “Whether, on the facts

PR COMMISSIONER OF INCOME TAX-I, JALANDHAR vs. M/S SUPERTECH FORGINGS PVT LTD

Appeal is dismissed

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

Section 148 of the Act, 1961. The Assessing Officer, being not satisfied with the assessee reply, disallowed the entire purchases amounting to Rs.4,26,93,470/- holding as unverifiable purchases from the following parties:- Sr. No. Name of the concern Amount of purchases 1. Madan Lal Pahuja M/s. Shiv bholeKirpa Trade, Shivpuri, Ludhiana 1.05 Cr 2. Lovy Steel and Allied

PR. COMMISSIONER OF INCOME TAX (CENTRAL) GURUGRAM vs. M/S MAHARISHI MARKANDESHWAR UNIVERSITY TRUST

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

26,81,23,070.17 Less: 15% set apart or accumulated u/s 11(1)(a) : 4.02.18.461.00 Income required to be applied as per 22,79,04,609.17 Section 11(1)(a) Less: Fixed assets considered as applied towards income from properties held for charitable purposes during the year during the year 65.73.64.136.73 22,79,04,609.17 Total Taxable Income Nil Unapplied

THE PRINCIPAL COMMISSIONER OF INCOME TAX FARIDABAD vs. M/S PIYUSH COLONIZERS LTD.

The appeal is dismissed

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

10:50 I attest to the accuracy and authenticity of this document High Court,Chandigarh ITA No. 300 of 2019 [3] dated 29.12.2009 by disallowing claim of indirect expenses thereby making an addition of `9,56,65,810/-. In appeal, the 1st Appellate Authority quashed the disallowance of `7,70,72,993/- and addition was restricted