HEC LTD,FINANCE &ACCOUNTS,RANCHI vs. DCIT CIRCLE-1, RANCHI

In the result, all appeals filed by the Revenue are dismissed and all appeals filed by the Assessee are allowed

Bench: Shri S. S. Godara, J.M. & Dr.A.L.Saini, A.M.)

capital expenditure or personal expenses of the assessee, (d) the expenditure must have been laid out or expended wholly and exclusively for the purposes of the business or profession. (d) that it should not be for a purpose which is considered to be an offence or which is prohibited by law. The word 'wholly' refers to the quantum of expenditure

DCIT CIRCLE-1, RANCHI vs. M/S HEC LTD, RANCHI

In the result, all appeals filed by the Revenue are dismissed and all appeals filed by the Assessee are allowed

Bench: Shri S. S. Godara, J.M. & Dr.A.L.Saini, A.M.)

capital expenditure or personal expenses of the assessee, (d) the expenditure must have been laid out or expended wholly and exclusively for the purposes of the business or profession. (d) that it should not be for a purpose which is considered to be an offence or which is prohibited by law. The word 'wholly' refers to the quantum of expenditure

HEC LTD,FINANCE &ACCOUNTS,RANCHI vs. ACIT,CIR-1, RANCHI

In the result, all appeals filed by the Revenue are dismissed and all appeals filed by the Assessee are allowed

Bench: Shri S. S. Godara, J.M. & Dr.A.L.Saini, A.M.)

capital expenditure or personal expenses of the assessee, (d) the expenditure must have been laid out or expended wholly and exclusively for the purposes of the business or profession. (d) that it should not be for a purpose which is considered to be an offence or which is prohibited by law. The word 'wholly' refers to the quantum of expenditure

ACIT CIRCLE-1 , DHANBAD vs. M/S BHARAT COOKING COAL LTD , DHANBAD

gains of\nsubsequent years without any limit whatsoever.\"\n8. In the light of the judicial precedents on the issue especially that\nof the Hon'ble Gujarat High court in the case of General Motors India\nPvt. Ltd. (supra), we find that the issue is covered in favour of the\nassessee, therefore, the ground taken by the revenue is rejected

ACIT CIR-1 , DHANBAD vs. M/S BHARAT COOKING COAL LTD , DHANBAD

gains of\nsubsequent years without any limit whatsoever.\"\n8. In the light of the judicial precedents on the issue especially that\nof the Hon'ble Gujarat High court in the case of General Motors India\nPvt. Ltd. (supra), we find that the issue is covered in favour of the\nassessee, therefore, the ground taken by the revenue is rejected

SRI GOPAL PANDEY,GARHWA vs. ITO WARD-3(5), DALTONGANJ

In the result, appeal of the assessee is partly allowed for statistical

Bench: Shri N.S.Saini & Shri Pavan Kumar Gadalea.Y. : 2010-2011 Sri Gopal Pandey, Vs Ito Ward-3(6), Prop: M/S Maa Shardey Daltongaj Automobiles, Soh, Panchperwa, Garwah- 822114 Pan No. : Aijpp 4436 C Respondent (Appellant) .

capital. The AO and the CIT(A) has not treated this income under the income from business and also disallowed the claim of expenses of the assessee. Before us, ld. AR demonstrated with copy of the income tax return for the assessment year 2010-2011 in respect of partnership Nandlal Pandey where assessee’s share of profit and partnership remuneration