ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2 , GORAKHPUR vs. THE MAHABIR JUTE MILLS LIMITED, GORAKHPUR

In the result, (i) the appeal of the assessee for AY 2009-10 is partly allowed and for AY 2020-21 is treated as allowed

Bench: Shri B.R. Baskaran (Am) & Shri Amit Shukla (Jm)

disallowing the loss declared in the Syntax division. Accordingly, we are of the view that the Ld CIT(A) was justified in directing the AO to allow the set off loss against other business income of the assessee. Accordingly, we uphold the decision rendered by Ld CIT(A) on this issue. 15 The Mahabir Jute Mills Ltd A.Ys

THE MAHABIR JUTE MILLS LIMITED,GORAKHPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2 , GORAKHPUR

In the result, (i) the appeal of the assessee for AY 2009-10 is partly allowed and for AY 2020-21 is treated as allowed

Bench: Shri B.R. Baskaran (Am) & Shri Amit Shukla (Jm)

disallowing the loss declared in the Syntax division. Accordingly, we are of the view that the Ld CIT(A) was justified in directing the AO to allow the set off loss against other business income of the assessee. Accordingly, we uphold the decision rendered by Ld CIT(A) on this issue. 15 The Mahabir Jute Mills Ltd A.Ys

THE MAHABIR JUTE MILLS LTD.,GORAKHPUR vs. ASST. DIRECTOR OF INCOME TAX, CPC, BENGALURU

In the result, (i) the appeal of the assessee for AY 2009-10 is partly allowed and for AY 2020-21 is treated as allowed

Bench: Shri B.R. Baskaran (Am) & Shri Amit Shukla (Jm)

disallowing the loss declared in the Syntax division. Accordingly, we are of the view that the Ld CIT(A) was justified in directing the AO to allow the set off loss against other business income of the assessee. Accordingly, we uphold the decision rendered by Ld CIT(A) on this issue. 15 The Mahabir Jute Mills Ltd A.Ys

DCIT,, GORAKHPUR vs. M/S MAHABIR JITE MILLS, LTD., GORAKHPUR

In the result, (i) the appeal of the assessee for AY 2009-10 is partly allowed and for AY 2020-21 is treated as allowed

Bench: Shri B.R. Baskaran (Am) & Shri Amit Shukla (Jm)

disallowing the loss declared in the Syntax division. Accordingly, we are of the view that the Ld CIT(A) was justified in directing the AO to allow the set off loss against other business income of the assessee. Accordingly, we uphold the decision rendered by Ld CIT(A) on this issue. 15 The Mahabir Jute Mills Ltd A.Ys

SINGHAL AGENCIES,AZAMGARH vs. INCOME TAX OFFICER, WARD - 3(4), AZAMGARH

In the result, appeal of the assessee is partly allowed

undisclosed receipts and secondly, upholding the addition of Rs.8,027/- on adhoc disallowance @10% of the overall ‘shop expenses’ claimed by the assessee. 5. The facts in brief are that assessee is a partnership firm engaged in business of selling diesel, petrol & lubricants etc. The return of income