M/S SHREE DIGVIJAYA WOOLLEN MILLS LTD. AMRITSAR vs. COMMISSIONER OF INCOMT-TAX, AMRITSAR

Bench: MR. JUSTICE SANJEEV PRAKASH SHARMA,MRS. JUSTICE SUDEEPTI SHARMA

disallowing the rate of wastage, which is simply based on personal whims of the A.O. It was further submitted that the G.P. rate for the year under consideration is 24.92% which is highest from A.Y. 1975-76 onwards and once the assessee itself has come with the highest rate of G.P., no justification can be given to pin point

BHARTI BHUSHAN JINDAL vs. COMMISSIONER OF INCOME TAX LUDHIANA

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

17 I attest to the accuracy and integrity of this document ITA-385-2014 (O&M) -2- claimed Rs.10,50,000/- as “amount written off unrealizable”. The appellant filed its return of income for the Assessment Year 2004-05 on 26.10.2004 showing income of Rs.1,70,99,800/-. Subsequently the case was selected for scrutiny. Notice under Section 142(2

PRINCIPAL COMMISSIONER OF INCOME TAX , HISAR vs. DAKSHIN HARYANA BIJLI VITRAN NIGAM LTD.

Appeals are dismissed

Bench: MR. JUSTICE TEJINDER SINGH DHINDSA,MR. JUSTICE PANKAJ JAIN

2. Assessee is a licensee under the Electricity Act, 2003 engaged in the distribution of power in State of Haryana. Assessee filed return for the assessment year 2008-09 declaring nil income. Assessment under Section 143(3) was completed on 23.12.2010 at nil income. Commissioner Income Tax revised the same exercising power under Section 263 of the 1961 Act. Assessment

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

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

2 and Haryana high Court held t ody/authority must pass a reason cation of mind by the concern d before it. It was further held t ns and communication thereof is procedure. Their Lordships furt ctively exercise their power only ains reasons. Any order which stice. In this case, the CIT (A) ricting the disallowance to 15% we cannot

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

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

disallowed. Huge salary being paid to the trustees by MMU Trust is not genuine. Interest paid to MMU Trust has been held by the PCIT as diverting of income. Rent paid to individuals by MMU Trust has been held to be not genuine. Admitting the Indian students in NRI quota without NRI status of any families held to be wrongful

COMMISSIONER OF INCOME TAX ROHTAK vs. M/S CRYSTAL PHOSPHATES LTD

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

17,920/-. The AJAY PRASHER 2023.04.10 11:34 I attest to the accuracy and integrity of this document ITA No.140 of 2013 (O&M) -2- case was selected for scrutiny. Assessment under Section 144 of the Income Tax Act was completed on 24.12.2008 by making the following additions:- “(1) During the assessment proceedings, the identity and creditworthiness of the parties

STATE BANK OF PATIALA vs. COMMISSIONER OF INCOME TAX

The appeals are allowed by way of remand to Tribunal which would pass fresh

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

2. Three issues are involved in these appeals. First issue relates to disallowance under Section 14A of Income Tax Act, 1961 (for short ‘1961 Act’) on the securities held in stock. This issue stands settled by this Court in “Principle CIT Vs. State of Patiala”, (2017) 391 ITR 218 (P&H). The judgment of this Court stands affirmed

(O&M) M/S KULDIP SOOD ENTERPRISES vs. COMMISSIONER OF INCOME TAX LUDHIANA

The appeal stands dismissed

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

Section 260A of the Income Tax Act, 1961 against the order dated 17.10.2000 passed by the Income Tax Appellate Tribunal, Chandigarh Bench 'A' Chandigarh (for short 'the Tribunal') passed in Income Tax Appeal No. 999/Chandi/1993 for A.Y. 1988-89 claiming the following questions of law:- (a) Whether in the facts and circumstances of the case, order Annexure

THE PR. COMMISSIONER OF INCOME TAX-2, CHANDIGARH vs. M/S TDS MANAGEMENT CONSULTANT PVT LTD

The appeal stands dismissed

Bench: It Should Be Reinstated & Decided On Merits ? (Ii) Whether On The Facts & In The Circumstances Of The Case, The Hon'Ble Itat Is Justified In Dismissing The Miscellaneous Application Of The Revenue Without Discussing The Merits Ignoring The Legislative Intent Expressed In Cbdt'S Anuradha 2020.02.12 17:37 I Attest To The Accuracy & Integrity Of This Document

17:37 I attest to the accuracy and integrity of this document ITA-382-2019 (O&M) 2 Circular No. 5/2014 dated 11.02.2014, which explicitly states that expenses relatable to earning of exempt income have to be considered for disallowances irrespective of the fact whether any such income has been earned during the F.Y. or not as confirmed by Apex