DY. COMMISSIONER OF INCOME TAX, CIRCLE-4, LUDHIANA, AAYAKAR BHAWAN vs. ROCKMAN INDUSTRIES LIMITED, -

In the result order of CIT(A) is sustained as passed and the appeal of the Revenue is partly allowed for statistical purposes

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

dividend and interest to assessee banks in those situations where, interest free own funds available with the assessee exceeded their investment. With this conclusion, we unhesitatingly agree with the view taken by the learned ITAT favoring the assessee." 6.4 In view of the same and respectfully following the judgments of the Hon'ble ITAT's in the appellant own cases

DY. COMMISSIONER OF INCOME TAX, AAYAKAR BHAWAN vs. ROCKMAN INDUSTRIES LIMITED, FOCAL POINT

In the result order of CIT(A) is sustained as passed and the appeal of the Revenue is partly allowed for statistical purposes

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

dividend and interest to assessee banks in those situations where, interest free own funds available with the assessee exceeded their investment. With this conclusion, we unhesitatingly agree with the view taken by the learned ITAT favoring the assessee." 6.4 In view of the same and respectfully following the judgments of the Hon'ble ITAT's in the appellant own cases

DY. COMMISSIONER OF INCOME TAX, CIRCLE-4, AAYAKAR BHAWAN vs. ROCKMAN INDUSTRIES LIMITED, -

In the result order of CIT(A) is sustained as passed and the appeal of the Revenue is partly allowed for statistical purposes

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

dividend and interest to assessee banks in those situations where, interest free own funds available with the assessee exceeded their investment. With this conclusion, we unhesitatingly agree with the view taken by the learned ITAT favoring the assessee." 6.4 In view of the same and respectfully following the judgments of the Hon'ble ITAT's in the appellant own cases

DCIT CIRCLE-4, LUDHIANA, LUDHIANA vs. ROCKMAN INDUSTRIES LTD, LUDHIANA

In the result order of CIT(A) is sustained as passed and the appeal of the Revenue is partly allowed for statistical purposes

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

dividend and interest to assessee banks in those situations where, interest free own funds available with the assessee exceeded their investment. With this conclusion, we unhesitatingly agree with the view taken by the learned ITAT favoring the assessee." 6.4 In view of the same and respectfully following the judgments of the Hon'ble ITAT's in the appellant own cases

DY. COMMISSIONER OF INCOME TAX, CIRCLE-4, LUDHIANA, - vs. ROCKMAN INDUSTRIES LTD, -

In the result order of CIT(A) is sustained as passed and the appeal of the Revenue is partly allowed for statistical purposes

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

dividend and interest to assessee banks in those situations where, interest free own funds available with the assessee exceeded their investment. With this conclusion, we unhesitatingly agree with the view taken by the learned ITAT favoring the assessee." 6.4 In view of the same and respectfully following the judgments of the Hon'ble ITAT's in the appellant own cases

DY. COMMISSIONER OF INCOME TAX, CIRCLE-4,, AAYAKAR BHAWAN vs. ROCKMAN INDUSTRIES LIMITED, -

In the result order of CIT(A) is sustained as passed and the appeal of the Revenue is partly allowed for statistical purposes

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

dividend and interest to assessee banks in those situations where, interest free own funds available with the assessee exceeded their investment. With this conclusion, we unhesitatingly agree with the view taken by the learned ITAT favoring the assessee." 6.4 In view of the same and respectfully following the judgments of the Hon'ble ITAT's in the appellant own cases

DY. COMMISSIONER OF INCOME TAX, CIRCLE-4, , AAYAKAR BHAWAN vs. ROCKMAN INDUSTRIES LIMITED, -

In the result order of CIT(A) is sustained as passed and the appeal of the Revenue is partly allowed for statistical purposes

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

dividend and interest to assessee banks in those situations where, interest free own funds available with the assessee exceeded their investment. With this conclusion, we unhesitatingly agree with the view taken by the learned ITAT favoring the assessee." 6.4 In view of the same and respectfully following the judgments of the Hon'ble ITAT's in the appellant own cases

SH. PARGAT SINGH,PANIPAT vs. ITO, WARD -1, KAITHAL

dividend;\n44[(iia) voluntary contributions received by a trust created wholly or partly for\ncharitable or religious purposes or by an institution established wholly or\npartly for such purposes 45 [or by an association or institution referred to in\nclause (21) or clause (23)46, or by a fund or trust or institution referred to in\nsub-clause

INCOME TAX OFFICER, INCOME TAX OFFICE BARNALA vs. LAKHVIR SINGH, GRAIN MARKET, BARNALA

dividend;\n44[(iia) voluntary contributions received by a trust created wholly or partly for\ncharitable or religious purposes or by an institution established wholly or\npartly for such purposes 45 [or by an association or institution referred to in\nclause (21) or clause (23)46, or by a fund or trust or institution referred to in\nsub-clause

BHUPINDER SINGH,AMBALA vs. INCOME TAX OFFICER, W-1, AMBALA, AMBALA

dividend;\n44[(iia) voluntary contributions received by a trust created wholly or partly for\ncharitable or religious purposes or by an institution established wholly or\npartly for such purposes 45 [or by an association or institution referred to in\nclause (21) or clause (23)46, or by a fund or trust or institution referred to in\nsub-clause

JARNAIL SINGH,VILLAGE BHAGWANPUR, KALKA vs. ITO, WARD-2, PANCHKULA

dividend;\n44[(iia) voluntary contributions received by a trust created wholly or partly for\ncharitable or religious purposes or by an institution established wholly or\npartly for such purposes 45 [or by an association or institution referred to in\nclause (21) or clause (23)46, or by a fund or trust or institution referred to in\nsub-clause

RANJIT SINGH,PANCHKULA vs. DEPUTY DIRECTOR, CPC DEPARTMENT

Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. KRINWANT SAHAY (Accountant Member)

deemed interest. That was explained by the Board in the circular referred to hereinbefore." [Emphasis supplied] 28. In the case of Puneet Singh (supra), the High Court of Punjab and Haryana, while enunciating the effect of Section 145A(b) and Section 56(2)(viii) of the Act, has held as under:- "19. The cumulative effect of section 145A

BALJEET KAUR,NADI MOHALLA AMBALA CITY vs. ITO WARD 1, AMBALA, AMBALA

dividend;\n44[(iia) voluntary contributions received by a trust created wholly or partly for\ncharitable or religious purposes or by an institution established wholly or\npartly for such purposes 45 [or by an association or institution referred to in\nclause (21) or clause (23)46, or by a fund or trust or institution referred to in\nsub-clause

BALBIR KUMAR HUF,CHANDIGARH vs. ITO , CHANDIGARH

Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. KRINWANT SAHAY (Accountant Member)

deemed interest. That was explained by the Board in the circular referred to hereinbefore." [Emphasis supplied] 28. In the case of Puneet Singh (supra), the High Court of Punjab and Haryana, while enunciating the effect of Section 145A(b) and Section 56(2)(viii) of the Act, has held as under:- "19. The cumulative effect of section 145A

ARJESH KUMAR,PATIALA vs. ITO NATIONAL E-ASSESSMENT CENTRE , DELHI

deemed interest. That was explained by the Board in the circular referred to hereinbefore." [Emphasis supplied] 28. In the case of Puneet Singh (supra), the High Court of Punjab and Haryana, while enunciating the effect of Section 145A(b) and Section 56(2)(viii) of the Act, has held as under:- "19. The cumulative effect of section 145A

KAKA SINGH ALIAS GULJAR SINGH,PATIALA vs. INCOME TAX OFFICER , PATIALA

dividend;\n44[(iia) voluntary contributions received by a trust created wholly or partly for\ncharitable or religious purposes or by an institution established wholly or\npartly for such purposes 45 [or by an association or institution referred to in\nclause (21) or clause (23)46, or by a fund or trust or institution referred to in\nsub-clause

SAMAY SINGH,YAMUNANAGAR vs. ITO-WARD (5), YAMUNANAGAR

dividend;\n44[(iia) voluntary contributions received by a trust created wholly or partly for\ncharitable or religious purposes or by an institution established wholly or\npartly for such purposes 45 [or by an association or institution referred to in\nclause (21) or clause (23)46, or by a fund or trust or institution referred to in\nsub-clause

SARVAN SINGH,AMBALA vs. INCOME TAX OFFICER-WARD 4, AMBALA

dividend;\n44[(iia) voluntary contributions received by a trust created wholly or partly for\ncharitable or religious purposes or by an institution established wholly or\npartly for such purposes 45 [or by an association or institution referred to in\nclause (21) or clause (23)46, or by a fund or trust or institution referred to in\nsub-clause