VARDHMAN TEXTILE LTD.,LUDHIANA vs. ACIT, LUDHIANA

In the result appeals of the Assessee and the Revenue are partly allowed

Bench: Smt. Diva Singh & Dr. B.R.R. Kumarassessment Year: 2002-03

section 10B(6) (iii). 3(a) That the Ld. CIT (A) has erred in law & facts in directing the A. O. to treat the gain on forex fluctuation to be the income eligible for deduction u/s 10B. 3(b) That the Ld. CIT (A) has erred in law & facts in directing the A. O. to treat the interest received from

M/S VARDHMAN TEXTILES LTD.,,LUDHIANA vs. ADDL. CIT,, LUDHIANA

In the result appeals of the Assessee and the Revenue are partly allowed

Bench: Smt. Diva Singh & Dr. B.R.R. Kumarassessment Year: 2002-03

section 10B(6) (iii). 3(a) That the Ld. CIT (A) has erred in law & facts in directing the A. O. to treat the gain on forex fluctuation to be the income eligible for deduction u/s 10B. 3(b) That the Ld. CIT (A) has erred in law & facts in directing the A. O. to treat the interest received from

ACIT,, LUDHIANA vs. M/S VARDHMAN TEXTILES LTD.,, LUDHIANA

In the result appeals of the Assessee and the Revenue are partly allowed

Bench: Smt. Diva Singh & Dr. B.R.R. Kumarassessment Year: 2002-03

section 10B(6) (iii). 3(a) That the Ld. CIT (A) has erred in law & facts in directing the A. O. to treat the gain on forex fluctuation to be the income eligible for deduction u/s 10B. 3(b) That the Ld. CIT (A) has erred in law & facts in directing the A. O. to treat the interest received from

M/S VARDHMAN TEXTILES LTD.,LUDHIANA vs. ACIT, LUDHIANA

In the result appeals of the Assessee and the Revenue are partly allowed

Bench: Smt. Diva Singh & Dr. B.R.R. Kumarassessment Year: 2002-03

section 10B(6) (iii). 3(a) That the Ld. CIT (A) has erred in law & facts in directing the A. O. to treat the gain on forex fluctuation to be the income eligible for deduction u/s 10B. 3(b) That the Ld. CIT (A) has erred in law & facts in directing the A. O. to treat the interest received from

ACIT, LUDHIANA vs. M/S VARDHMAN TEXTILES LTD., LUDHIANA

In the result appeals of the Assessee and the Revenue are partly allowed

Bench: Smt. Diva Singh & Dr. B.R.R. Kumarassessment Year: 2002-03

section 10B(6) (iii). 3(a) That the Ld. CIT (A) has erred in law & facts in directing the A. O. to treat the gain on forex fluctuation to be the income eligible for deduction u/s 10B. 3(b) That the Ld. CIT (A) has erred in law & facts in directing the A. O. to treat the interest received from

ACIT,, LUDHIANA vs. M/S VARDHMAN TEXTILES LTD.,, LUDHIANA

In the result appeals of the Assessee and the Revenue are partly allowed

Bench: Smt. Diva Singh & Dr. B.R.R. Kumarassessment Year: 2002-03

section 10B(6) (iii). 3(a) That the Ld. CIT (A) has erred in law & facts in directing the A. O. to treat the gain on forex fluctuation to be the income eligible for deduction u/s 10B. 3(b) That the Ld. CIT (A) has erred in law & facts in directing the A. O. to treat the interest received from

ACIT, LUDHIANA vs. VARDHMAN TEXTILES LTD., LUDHIANA

In the result appeals of the Assessee and the Revenue are partly allowed

Bench: Smt. Diva Singh & Dr. B.R.R. Kumarassessment Year: 2002-03

section 10B(6) (iii). 3(a) That the Ld. CIT (A) has erred in law & facts in directing the A. O. to treat the gain on forex fluctuation to be the income eligible for deduction u/s 10B. 3(b) That the Ld. CIT (A) has erred in law & facts in directing the A. O. to treat the interest received from

M/S ASHA TECHNOLOGIES,SIRMOUR vs. ADDL. CIT, SOLAN

In the result, both the above appeals of the Assessee are partly allowed as aforesaid in respect of impugned orders dt

Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)

capital account and Rs. 11,00,000/- in the name of M/s. Asha Telecom Pvt. Ltd. as liabilities. But it did not furnish any information regarding sources of these credits and neither any confirmation from M/s. Asha Telecom Pvt. Ltd. was furnished. Similarly, Para 8 of the questionnaire remained unanswered. Vide Para 9 of its reply, it was stated that

M/S ASHA TECHNOLOGIES,KALA AMB vs. ITO, SIRMOUR

In the result, both the above appeals of the Assessee are partly allowed as aforesaid in respect of impugned orders dt

Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)

capital account and Rs. 11,00,000/- in the name of M/s. Asha Telecom Pvt. Ltd. as liabilities. But it did not furnish any information regarding sources of these credits and neither any confirmation from M/s. Asha Telecom Pvt. Ltd. was furnished. Similarly, Para 8 of the questionnaire remained unanswered. Vide Para 9 of its reply, it was stated that

VARDHMAN TEXTILE LTD.,LUDHIANA vs. ADDL. CIT, LUDHIANA

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaआयकर अपील सं./ Ita Nos. 1429/Chd/2010 "नधा"रण वष" / Assessment Years : 2006-07 Vardhman Textiles Limited, The Addl.Cit, Range- 1, बनाम Ludhiana Chandigarh Road, Ludhiana "थायी लेखा सं./Pan No: Aabcm4692E Appeal Against The Order Of Cit(A)-1, Ludhiana Dated 15.10.2010

section 80IC and exemption u/s 10B. 4 . That the Id. CIT(A) has erred in law and facts in allowing the deduction u/s 80IB on profits of unit named Vardhman Spinning & General Mills (100% EOU) on which exemption u/s 10B has been claimed. 5 . That the Id. CIT(A) has erred in law and facts in deleting the addition

ACIT, LUDHIANA vs. M/S VARDHMAN TEXTILES LTD., LUDHIANA

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaआयकर अपील सं./ Ita Nos. 1429/Chd/2010 "नधा"रण वष" / Assessment Years : 2006-07 Vardhman Textiles Limited, The Addl.Cit, Range- 1, बनाम Ludhiana Chandigarh Road, Ludhiana "थायी लेखा सं./Pan No: Aabcm4692E Appeal Against The Order Of Cit(A)-1, Ludhiana Dated 15.10.2010

section 80IC and exemption u/s 10B. 4 . That the Id. CIT(A) has erred in law and facts in allowing the deduction u/s 80IB on profits of unit named Vardhman Spinning & General Mills (100% EOU) on which exemption u/s 10B has been claimed. 5 . That the Id. CIT(A) has erred in law and facts in deleting the addition

VARDHMAN TEXTILES LTD,LUDHIANA vs. ADDITIONAL COMMISSIONER OF INCOME TAX, LUDHIANA

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaआयकर अपील सं./ Ita Nos. 1429/Chd/2010 "नधा"रण वष" / Assessment Years : 2006-07 Vardhman Textiles Limited, The Addl.Cit, Range- 1, बनाम Ludhiana Chandigarh Road, Ludhiana "थायी लेखा सं./Pan No: Aabcm4692E Appeal Against The Order Of Cit(A)-1, Ludhiana Dated 15.10.2010

section 80IC and exemption u/s 10B. 4 . That the Id. CIT(A) has erred in law and facts in allowing the deduction u/s 80IB on profits of unit named Vardhman Spinning & General Mills (100% EOU) on which exemption u/s 10B has been claimed. 5 . That the Id. CIT(A) has erred in law and facts in deleting the addition

ACIT, LUDHIANA vs. M/S VARDHMAN TEXTILE LIMITED, LUDHIANA

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaआयकर अपील सं./ Ita Nos. 1429/Chd/2010 "नधा"रण वष" / Assessment Years : 2006-07 Vardhman Textiles Limited, The Addl.Cit, Range- 1, बनाम Ludhiana Chandigarh Road, Ludhiana "थायी लेखा सं./Pan No: Aabcm4692E Appeal Against The Order Of Cit(A)-1, Ludhiana Dated 15.10.2010

section 80IC and exemption u/s 10B. 4 . That the Id. CIT(A) has erred in law and facts in allowing the deduction u/s 80IB on profits of unit named Vardhman Spinning & General Mills (100% EOU) on which exemption u/s 10B has been claimed. 5 . That the Id. CIT(A) has erred in law and facts in deleting the addition

INNOVA CAPTAB,BADDI vs. DCIT, PARWANOO

In the result, both the appeals of the assessee are

Bench: Shri Sanjay Garg & Ms. Annapurna Gupta & Innova Captab, Vs. The D.C.I.T., Plot No.81B, Epip, Circle Parwanoo. Phase 1, Jhamajri Pan: Aaffv6014N (Appellant) (Respondent)

10B of the Act [Section 80- IB(5)]. 8. The Ld. DR fairly conceded that the issue stands decided in favour of the assessee in view of the decision of the Hon'ble Jurisdiction High Court i.e. Himachal Pradesh High Court in favour of the assessee. In view of the above, since the issue of claim of deduction u/s 80IC

M/S INNOVA CAPTAB,BADDI vs. DCIT, PARWANOO

In the result, both the appeals of the assessee are

Bench: Shri Sanjay Garg & Ms. Annapurna Gupta & Innova Captab, Vs. The D.C.I.T., Plot No.81B, Epip, Circle Parwanoo. Phase 1, Jhamajri Pan: Aaffv6014N (Appellant) (Respondent)

10B of the Act [Section 80- IB(5)]. 8. The Ld. DR fairly conceded that the issue stands decided in favour of the assessee in view of the decision of the Hon'ble Jurisdiction High Court i.e. Himachal Pradesh High Court in favour of the assessee. In view of the above, since the issue of claim of deduction u/s 80IC

M/S VARDHMAN TEXTILES LIMITED,LUDHIANA vs. JCIT, C-1, LUDHIANA

The appeal of the Revenue is partly allowed for

Bench: Shri Sanjay Garg & Smt.Annapurna Guptaआयकर अपील सं./ Ita No.484 /Chd/2019 "नधा"रण वष" / Assessment Year : 2008-09

10B of the Act. 29. The Ld. Counsel for the assessee has submitted that the foreign exchange fluctuation gain is in respect of export receipts / receivable of the assessee and any gain in respect of receivable on account of foreign exchange fluctuation in fact contributes to the profits of the assessee from the sale/ export of the products. We find

M/S VARDHMAN TEXTILES LIMITED,LUDHIANA vs. ACIT, C-1, LUDHIANA

The appeal of the Revenue is partly allowed for

Bench: Shri Sanjay Garg & Smt.Annapurna Guptaआयकर अपील सं./ Ita No.484 /Chd/2019 "नधा"रण वष" / Assessment Year : 2008-09

10B of the Act. 29. The Ld. Counsel for the assessee has submitted that the foreign exchange fluctuation gain is in respect of export receipts / receivable of the assessee and any gain in respect of receivable on account of foreign exchange fluctuation in fact contributes to the profits of the assessee from the sale/ export of the products. We find

DCIT, C-1, LUDHIANA vs. M/S VARDHMAN TEXTILES LIMITED, LUDHIANA

The appeal of the Revenue is partly allowed for

Bench: Shri Sanjay Garg & Smt.Annapurna Guptaआयकर अपील सं./ Ita No.484 /Chd/2019 "नधा"रण वष" / Assessment Year : 2008-09

10B of the Act. 29. The Ld. Counsel for the assessee has submitted that the foreign exchange fluctuation gain is in respect of export receipts / receivable of the assessee and any gain in respect of receivable on account of foreign exchange fluctuation in fact contributes to the profits of the assessee from the sale/ export of the products. We find