M/S Punjab Institute Of Medical Sciences, Garha Road , Jalandhar v. Commissioner Of Income Tax Jalandhar And ANR
I TA No. 271 of 2014 -1-
#. /00) 1 /0)0)
!"" -
#"
!"" -
$ #"
%&
(
" ' !"" -
) #"
%&
(
" ' !"" -
* #" !
%&
(
" ' !"" -
+ #"
%&
(
" ' !"" -
, #" ""
!"" -
#"
ITA No. 271 of 2014 -22 # "
%& " ' ( !"" -
#" 3 #"
%& " ' ( !"" -
#" 0 ##"
$%$&'$()
%& " ' ( !"" -
#" "
$%$&'$()
%& " ' ( !"" -
#" * +,
--.
/--
+,
--.-- / !4 !. 5 !. ! - ( #.
6
!""
!7*+) 0,8)2+0083+3,338 000$ . 9 #. 6
!7,,)0)$$0 . 9 ! :
% ; <9' !"" 9!
ITA No. 271 of 2014 -3- 0)( . 9
( $0$"
9
!"" !
5 !
% ;
!
' "" (
!7*0)!003
!7 **!003 9 00+<00, 9! #. ".9 . 6 6 6 (
!3+%;!=' "" 9 ( 0"
9
!
(
!7)+02 9 0*<0+ " (
%!' ( " ! 11$02%32$(4567$ $'$)8$ ! #. 0+03 "
9
!
( "" (
!7)+$!0) 9 00+<00, " " 9 "
9 " 9. 9!> 0+03"
!7)+$!0, 9#. ( 0+03"
9
!
6 (
!7)+*!0, 9
9 00+<00,.6" 9.
9!> 9
%!'6 # "9#"9##"0)( " (
$00$"
9
!
9 00<003<000,<002 002< 003".9.6 6 ( ( !
ITA No. 271 of 2014 -4-
#. 3030* "
9
!
! 7 ,)0!0$ . 6 "6 ( 9 00)<00*6 6
#. 20$0+ "
9
!
!7)2*!0) 9 0< 0.6 6 ( " ! 5 ( 4
!7*0, ""
<
%;
='. )00$ "6 !! %$'
! 3+ % ; !=' ( ( <9 ! ! ( 6 64 (
66 ( 6 6 00)<00* $
<9 "" ( ( ( ( !! . 00*33)6 0+0)33)
96/ % '
9
(
8 % ' "
"
( 6 9
. ( .
64 (
ITA No. 271 of 2014 -5-
.
4 6( ( ? 9"
%! > 003' )
"" " 9 <
6
9 33$ 9 @. A 6 ( 9 @.
9 ( +*
!( B .9 A
<9 @. ( 6 9 ! 1 6 "" 9 @. 9 6 ( 33) @. ( $ 9 33)<3* 33+ !6
"" ""
" 33, C =
* 00D 9 " E. F "
6 . $0332,* 6 . 0*0*000 ,*
0$$6 . 00$00+ 33,+,,, 6 " 9 9 $
( C" " 6 ""
9 ( ( 6 333
" 20 6 "". ! 000 " 6 " "
G
9
" 6 ( ( > 0 .
((."
0)
66 " 9 9 *
!(B .9 *
9 00AH 6
( 6 E 900 ". " 6
C
ITA No. 271 of 2014 -6- " @. & " 9 9! "
( 6 6 @. B1! 9 1 (00$<00). 646 4 " 00*<00+ 9 " @. ( 59 " ".
"
" " (
( (
6 9 . !(003
$0$00+ 26. 9 9$0$00+6. " "$0$00+6 *66. 00+< 00,2*0,0 . I ( +
!
"
9
0)0+0$ 9 4 ."@. C" B . ( "
.
"
( " 6 6 0)0+00 #E 6 ""
90026 ." 0
".
"
7# ! 6
" 6 9
&
9 . (" $00
*D 2 9 ""
" ( 6 ( 9 "
202003 , !"
(
? ( ("6 ( 6
6 6 00+006 9 < %$'6 !!! ".
ITA No. 271 of 2014 -7- 4 9 "". C . (
!7*0, (
!7,)0!0$6 6" 6
9 "
-84:3%%3)%67$ $'$)8$ 2 A "" (#.
!
(. 9 ( 9
9
"( )00$ ( ( ""
9
!
9
6 00)<00* ( ".9 C
( 1 C( " 9
!
! " #$% $ &!%0'$$3
#+%1'6 6 "
"6 !!%$'!
6 " $00+003 6
6 " 6 00+00
( . " 6"
)00$
(
6 00+00 "66 .
6
6 (9 "6 3 A .6 " 9 5
9 C( $'% $" %& ( ! #!!) #"%0'$)$
#$%5
9'
.
9 !!%$'! E !00 "
ITA No. 271 of 2014 -8- !! 4 ( 9 . ( ".9
( ". "6 (
( 6 6 ( "6 6
9 !A (
" 6 . ( -84:3%%3)67$%%$%%$$3) 0 "" ( !< 9
"6 !!%$'! " 9 6 00+00
".9 00)<00* C
9 00)<00* "6 ( .
6
. .
6 ( C
9 @. 96
.9". (( I 6 6 ;
64=
!
!
!7, ,)0) A
(9 0033)$0$00+ ? 9 (
"< (
6 9( ! ! 9 4 ( " 6 ? (. #.
ITA No. 271 of 2014 -9- 6 . 9 .9 ""
.
" 0033)$0$00+
(6 ( "" ( 9
.9 ". "C
$0002 "
9 ! ( > 6 ( " !6 69 C
#. 4 " "
( 6 @. B1!! 9 9@. "
. ( 4 ""( ( " 6 (9 6 " $ A
!
$0$6 9 "" 6
"" #. 6 ". ? 8 "" !. 6 #. .
) A ! 4
. 966
> 003
6 ( ! 6 " * G .
3%;8%%3) + %*'!
"" 6 ;
""= ;( . (= . (
ITA No. 271 of 2014 -10-
9A (5 " !!!#!! ! ! $%*% +* " &$( 0 %,' !A& +)2 69 6 " 9( ".
. % (6 6' ".
"
.
9
( " 9 ". ( ". 6 00)0+ 9 6 . /< ! ,
! %%
"
#
$
"
#%
ITA No. 271 of 2014 -11- !!!%$' !!%)'! ? 9 /< &!!!&!*&! &' (
)
' & *
)
)
$
' +$
' ,
$
)
)' ) -
&
./0
$
1
ITA No. 271 of 2014 -12-
2" 0
1
./0 3
4 5-
6 , ) 4
$'
7-#%!
"*"(!!..%.,/ ., *
&
!
3 1
1
8 9:) $
&((!
3
$
&
3 1
1
"
$ # ;
( <9 99 ;
:
''''/'99'
1
( &: 999 ;
. ''' '='999'
ITA No. 271 of 2014 -13- 1
!;
( <9 99 ;
:
''' '/'99' 3
8&//:#
8&//:
3 1
1
&((#
&((
&(
, -'&( 99= )) 99= 2
"
3 1
1
&((#
1
1
>
&(
, -'&( 99=)) 99=
&((
ITA No. 271 of 2014 -14-
*$
?
@ 6 $
( 1 3
( &/&/ ). &/&/
(
&/&#
&(A
$ $ $ #
&(A
$ $
$
#
:
$
#
"
#
(
#
ITA No. 271 of 2014 -15- A
$
&)1
/
&
'
;
&(A
(
& $ $
$
>
"
"
#
+$
&
&..
<<(A
#
<(
)9
'
ITA No. 271 of 2014 -16- & B
8&//:
&
!
3
&
>
#
!% J< &;$(8&$&&$=3%6&063)>
)' B
&(
, -'&( 99=))99= 2
3 1
1
!
%%
' < B
)
ITA No. 271 of 2014 -17-
&(
, -' & ( 99= )) 99= 2
& $
)#
2
3 1
1
! %%
' -
(
&/&'% ,
"
9 @.
9 6 6 "" . 9
.
%'
"
"" . ( ( " 9
4 ( 9 ( ( !E " ""
6 69
""4 96
ITA No. 271 of 2014 -18- ( ! ! " !!%$' ! 6 6 . E ! 00) 6 0000) 6 ( ( !!
E ! 33+ ? 9 "6
( "
. ( ( 6
( ""6 ". 9 E ! 00 6 00+00
6 "6 6 000) ( 2 C = " 0! 1 *" %&" ( ! $ #$ #!! . % $0 %*' $06
( "". 0%$' %.' ! 6 9 6 ;9= 6 " /< 7:=' *
C
! ' 2
' E F
'D
'
'
' B
;
/&)1 D *$( ' (
ITA No. 271 of 2014 -19-
'
' *
;
/&)1
;
<(
F
' D
'
' * E F E
F
;
/&)1;
<(
F
G$ ''
$ "
'
' * ( H IF+
;
$ E F '* $ '
' B
;
/&)1 1
$
' *
1
"
' *
( H 1
$
' B
ITA No. 271 of 2014 -20-
'
;
/&)1
G
$
' * 1
$
$
'
'
' "
;
/&)1
' *
1
' *
;
/&)1
(
&/&'% 3
$%*% +* " &$(= %" ' "
"
" ;
""=
(.
( "
9 !"
I /< 79/'D ! *
$
;
/&/(
'''/'/<'&//)
03J
;
;
& ( '
;
1
A (
1
'
ITA No. 271 of 2014 -21-
03J '
;
'
'
*
03J
! K
' 03J
3K;
'# B
#
'
03J
'# 6
'
"
#
ITA No. 271 of 2014 -22- $
$
L
' ' C 7
%
# K
#
#
" #
$
1
-K41#
#
$
'# (
'
03J
''
2
ITA No. 271 of 2014 -23-
&/M
;
& G
C03J
'D
;
/&)1 ;
' ( 2
&/&
' '' /'/<'&//9 ;
/&)1
$
"
03J
'D
$
'H
'D
2
;
&
"
D*( '%
" 6 ! 96 " 6 ( "
! "
16 /< JDN';
&)' D
7
ITA No. 271 of 2014 -24- % ''' /'/<'&//9
D*( ' 2"!&%, .3 ('' D
7
%# ('&' H
C
7 O% '''/'/<'&/=
03J#
$ 2
/ " '''/'/<'&//9# &
" '''/'/<'&/&# &/M
'''/'/<'&/=# (')' 0
7
%
'D
"
2
7
% 7
%' D 1
"
$
'
ITA No. 271 of 2014 -25- ('<';
<(
;
&
' 1
03J
' * 2 ;
<( "
2
;
& ' ;
;
).
;
/&)1
;
<))
' ''' /'/<'&//9
' $$$ $$$ $$$ K' *
A
(+31
' H
"
'
'D
$$
;
& D*( '% 0
! 7 0 $ #!! )
" ! 4&' $"5! %&" ( 6" 020*0)% 9 ' ( " (
""
"" 9#.
ITA No. 271 of 2014 -26-
! 7 *) 00 #!!
!
#$%'$ ! 0!+7&%&"( ,030) 6 ( "
0! 1 *" %&"(= %" ' ( "
9 K C( #!!
( ! 0! %&!%02'*2
*)%K ' /< 7<'D
; 1 2
$
P H 1
' B
' N
C
-
1
N
*
'(
-1N*
'%
"
9
6
!!%$'!6 ( 6
6 0000 $
"6 9 00)<00* (( 6 00)< 00* 9 00)<00* 6
6 "6 9
( ( 00)<00* 9
ITA No. 271 of 2014 -27- )00$ (
.
!7,,)0, $$0 ) G "
.
""
. I
" .
( ( 9 ""
9 ( 9 " 6G ( "
6". %' ! E 6 @. ( I .
" $%*% +* " &$(= %" '6 . "" " ( !!6 9 ( *
#. 6 ( 5
9 C( $'% $" %& ( %" ' 6
.6 ? " " 5
9C( ( 6 . "" " "
6 9 !!%$'!6 6
( .
9 !! %$' ! ( 6 ..
" +
" "
"
9
!
!7*0, 4 6
9 4 "6". %'! "
; =
6 "
ITA No. 271 of 2014 -28- " "
!! %$' !
6 ". 00)< 00*
66 (. 9 9
E !00 "6 9 00)<00* #". (. 6 ( 9.6 9" ! 9 00)<00*
6 .
( ( !!G ( "
. 6 @. ( I ( ( .9 ,
" ( .
9 #. ( "
( C"
.9 . .
.9 . 6 9 . "" "" ( ( ( ! 6 6 ( 6
" ". . "".9 2 G
!
)00$ ( "66 .
".9 . (
.6 . )00$ "".9( . 3
! . 9
" .
"" I
ITA No. 271 of 2014 -29-
9 ( ( 9 $0
9 ( 9 "". ". 5
9 C( "
E ! 00 " 6
(.
9
!!! 9
(6 "E9 6 9 8 9 6 " 6 6 G ( "
9
!
5 ( 5 ;= %(( '$ !#!!)
&*"%0+' ,
* %5 ( < ' 6 " 6 ( " 5
9 C( ( %" ' " ( ( 6".C6."6
( .
( " $ G #. 9 "
( )00$ 4
66 9 ! > 003 "
9
!
6 9
!7*0, 9#.
!7)2 +00 $ 6 .
. ". ,%'! ( " " 9 6 . ""
!7)2 +00 9.
(9
ITA No. 271 of 2014 -30-
!7, ,)0) $$
#.
(. "
69 4 9"(9 0033) 00 .
9 (. 9 "
( ( 9
.9 9 ( " " " ( ( C
" !6 (9 6 $) G ! :
9 "
9 6 "" ."
4
.
. ! 9 6 6 .6 (I
(
( C"
! 7 , ,) 0)
9 00+<00, 9!. 6
(9 6
!7$$0 $* !(
!7$$0 6
"" 9 0*< 0+
>B )0*0 6 5
E B .9 C 4G >B 6 6 ( I
. (I"" " ( . ! " %*' !
"" /<
ITA No. 271 of 2014 -31J* $*" & !
! 3
>
"
#
$
"
#% K" ( .6
. "" 9 9
6 . 6 ( "" * 0,%" '6 .9
( . 6
""". 9 . 9 4 ( >B 6 B .9."
". ( " (6 . .
9 <96 " !
ITA No. 271 of 2014 -32- 0"
9
!
!7$$0 6
!7+)0, $+ "" (
!7*0," 9
%&' ( ( ( ( . )00$ 9 " ( "
! 7 +) 0, (
!
6 ( ( ( )00$ $, ! (9
!7,,)0)$$0 9 <9 6
!7*+)0,)2+ 003+3,33 000$ 9#. ? 6 $2 !" ( "" " $3 7 -.
/--
-.-- .- G" 4 ( F G"
F