SC in Goetze India had held that although AO can not accept the claim of the assessee except through return or revised return but in the same decision, the hon'ble apex court made it clear that this did not impinge on the power of the Tribunal. The above position of law revisited by ITAT Delhi in Micron Instruments[2015] 63 taxmann.com 180 (Del Trib) and claim of CLU charges paid along with interest in instalment by factory already working for last 30 years allowed as revenue expenditure although claim made only by simple letter during assessment

Held By ITAT Chandigarh in Smart Value Product & Services Ltd ITA 685/2014 dtd 28-10-2015 that addition made by AO for negative stock by preparing monthly trading account is not sustainable. Similar decision has been given by ITAT Chandigarh in M/s Saqi Brothers V ITO ITA No. 279/Chd/1990 which has been confirmed by Hon’ble Punjab & Haryana High Court vide judgment ITR No. 70 of 1998 dated 31.10.2006

The assessee is an AOP but department wrongly issued PAN as Firm. Held by Gujrat High Court in Tulsi Mall AOP Vs CIT 2015 (12) TMI 1077 that Merely because PAN was issued by the Department erroneously, there cannot be any insistence that return should be filed in the same capacity

Punjab and Haryana High Court on deduction to LIC Employees u/s 10(14)

I.T.A. NO. 645 OF 2005 [1]

IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH

I.T.A. NO. 645 OF 2005

DATE OF DECISION: 21.04.2006

THE COMMISSIONER OF INCOME TAX, PATIALA

....APPELLANT

VERSUS

BRANCH MANAGER, LIC OF INDIA, SANGRUR (PUNJAB) ....RESPONDENT

CORAM: HON'BLE MR.JUSTICE ADARSH KUMAR GOEL
HON'BLE MR. JUSTICE RAJESH BINDAL

PRESENT: DR. N.L. SHARDA, ADVOCATE

FOR THE APPELLANT-REVENUE.