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5 results for “disallowance”+ Section 70(3)clear

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Key Topics

Section 35D5Section 271(1)(c)5Addition to Income5Section 115J4Section 260A3Section 43(1)2Section 37(1)2Deduction2Business Income

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

The appeals stand disposed of

ITA/336/2015HC Punjab & Haryana20 Sept 2019

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

Section 115JSection 143(3)Section 2Section 2(24)Section 24Section 260ASection 28

section 28 of the Income Tax Act, 1961, which provides that “income” includes profits and gains and the profits and gains of any business or profession carried on by the assessee at any time during the previous year is taxable?” 3. “Whether, on the facts and in circumstances of the case Anuradha 2019.09.25 11:40 I attest to the accuracy

2
Disallowance2
Penalty2

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)

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 to `1,85,92,817/-. For the addition sustained, penalty proceedings were initiated under Section

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

70,99,800/-. Subsequently the case was selected for scrutiny. Notice under Section 142(2) dated 02.08.2005 was issued and served upon the appellant regarding the aforesaid write off of Rs.10,50,000/- on 10.08.2005. Subsequently, notices under Section 143(2) and 142(1) dated 03.08.2006 along with detailed questionnaire were issued and served upon the appellant on 07.08.2006. Appellant

COMMISSIONER OF INCOME TAX vs. M/S MUKERIAN PAPERS LTD

ITA/408/2006HC Punjab & Haryana14 Nov 2019

Bench: MR. JUSTICE AJAY TEWARI,MRS. JUSTICE ALKA SARIN

Section 35DSection 37Section 37(1)Section 43(1)

70,98,415/- on account of interest on borrowed funds paid for pre-operative period used for purchase of machinery by ignoring explanation 8 of section 43(1) ? (ii) Whether on the facts and in the circumstances of the case, the Hon’ble Income Tax Appellate Tribunal was justified in allowing expenditure relating to the public issue of debentures

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)

70:30 1,37,769 Tweeds 41,233 Govt. material 44,391 Synthetic Fabrics 27,532 Millionore 64,260 Shawls, blankets and Lois 11,587 Carpet yarn 44,411 In view of the above details, it is observed that out of the total worsted yarn manufactured at 585294 Kg., 288500 Kg. is of synthetic blended yarn in which the wastage