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4 results for “disallowance”+ Section 42(1)clear

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Key Topics

Section 2634Section 2(15)3Section 12A3Section 11(1)(a)2Exemption2

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

ITR/3/2010HC Punjab & Haryana22 Mar 2024

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

Section 256(2)

1,72,537 16,376 8.66% 9. 1983-84 5,08,958 76,336 13.04% Thus, it was submitted that the A.O went on an erroneous presumption by assuming that the percentage of wastage of 13.04% is excessive just by looking at the data of previous two years without appreciating the fact that the wastage of percentage accepted

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

The appeals are hereby dismissed

ITA/161/2016HC Punjab & Haryana17 Nov 2025

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

Section 12ASection 2(15)
Section 260A

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 Tax Act, 1961 (for short 'the Act') against

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

ITA/41/2021HC Punjab & Haryana24 Sept 2024

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

Section 11(1)(a)Section 263

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 fixed assets expenditure during the year : 42,94,59,527.56” 3. The PCIT invoking its powers under Section 263 of the Act revised the assessment order

BALJINDER SINGH SALANA vs. COMMISSIONER OF INCOME TAX, PATIALA

ITA/341/2018HC Punjab & Haryana24 Jan 2024

Bench: MR. JUSTICE GURMEET SINGH SANDHAWALIA,MS. JUSTICE LAPITA BANERJI

Section 142

1. The present order shall dispose of ITA-341-2018 filed by the assessee which is directed against the order dated 01.09.2015 passed by the Income Tax Appellate Tribunal, Division Bench, Chandigarh Bench bearing ITA No. 1058/Chd./2014 for the assessment year 2009-10 (Annexure A-3). The second appeal bearing ITA-297-2018 is directed against the dismissal