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4 results for “disallowance”+ Section 56(2)clear

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Key Topics

Section 271(1)(c)5Section 260A2Deduction2Penalty2Addition to Income2

BHARTI BHUSHAN JINDAL vs. COMMISSIONER OF INCOME TAX LUDHIANA

ITA/385/2014HC Punjab & Haryana03 Jul 2025

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

Section 142(2)Section 143(2)Section 260ASection 271Section 36(1)(vii)Section 36(2)Section 41(1)Section 56Section 57

56 of the Act, deductions as prescribed under Section 57(iii) of the Act are allowable thus any expenditure incurred by the assessee for earning the income is allowable as a deduction under Section 57(iii) of the Act. Any expenditure in the nature of capital expenditure is not to be allowed as a deduction as prescribed under Section

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

ITA/109/2007HC Punjab & Haryana13 May 2025

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

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 143Section 260Section 37

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 of Rs.61,38,000/- paid to M/s Mckinsey and Company Ltd for professional serviced rendered by it. However, the Assessing Officer disallowed both the claims of the assessee-Company

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

The appeal is dismissed

ITA/300/2019HC Punjab & Haryana10 Feb 2020

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

Section 260ASection 271(1)(c)

Section 260A of the Income Tax Act, 1961 (for short, 'the Act') against the order dated 28.12.2018 passed by the Income Tax Appellate Tribunal, New Delhi (for short, 'the Tribunal') claiming following substantial questions of law: “(i) On the facts and in the circumstances of the case the Ld. CIT (A) and the Ld. ITAT have erred on facts