M/S COLOUR COTTEX PVT. LTD.,LUDHIANA vs. ITO, W-5(2), LUDHIANA

In the result, appeal of the Assessee is allowed

B”, CHANDIGARH "ी संजय गग", "याय"क सद"य एवं डा. बी.आर.आर, कुमार, लेखा सद"य BEFORE: Sh. SANJAY GARG, JM & DR. B.R.R. KUMAR, AM आयकर अपील सं./ ITA NO. 1715/Chd/2017 "नधा"रण वष" / Assessment Year : 2014-15 M/s Colour Cottex Pvt. Ltd. The ITO बनाम 536/21, D/6A, Industrial Area-C Ward-5(1) Dhandari Kalan, Ludhiana Ludhiana "थायी

DCIT, C-1 (EXEMPTIONS), CHANDIGARH vs. THE INSTITUTION OF CIVIL ENGINEERS SOCIETY, LUDHIANA

In the result, appeal of the Revenue is dismissed

b) if any land, building or other property\" of the trust or institution is,\nor continues to be, made available for the use of any person referred to in\nsub-section (3), for any period during the previous year without charging\nadequate rent or other compensation;\n(c) if any amount is paid by way of salary, allowance or otherwise

M/S PAGRO FROZEN FOODS PVT. LTD.,CHANDIGARH vs. ITO, W-2(3), CHANDIGARH

The appeal of the Assessee is dismissed

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

271(1)(c) of the I.T. Act is being initiated separately for furnishing inaccurate particulars of income. 25. The Assessee feeling aggrieved and dissatisfied with the AO’s order dt. 26/12/2016 had filed first appeal before Ld. CIT(A) who vide impugned order has dismissed the same. The core finding of CIT(A) is as follows: “4.3 I have carefully

SHRI BALBIR SINGH VERMA,SHIMLA vs. PR.CIT, SHIMLA

In the result, appeal of the Assessee is allowed

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

b) of the Act. 3.3 The Ld. AO stated that, upon analysis, it was found that the loans taken from Allahabad Bank under the 'AL Bank Rent Scheme' and from UCO Bank under the 'UCO Rent Scheme' were utilized for business or personal purposes, rather than for the acquisition or construction of property. Additionally, no certificate was submitted in support

M/S MRS. BECTOR FOOD SPECIALITIES LTD.,LUDHIANA vs. DCIT, LUDHIANA

In the result, the appeal of the assessee is allowed

Bench: Smt. Diva Singh & Dr. B.R.R. Kumarassessment Year: 2006-07

B-XXXIII/ 324, G.T. Road Circle-III (West), Ludhiana Ludhiana PAN No. AABCM9495K (Appellant) (Respondent) Appellant By : Shri. Subhash Aggarwal Respondent By : Shri. Yoginder Mittal Date of hearing : 11/07/2018 Date of Pronouncement : 16/07/2018 ORDER PER DR. B.R.R. KUMAR, A.M: The present appeal has been filed by the Assessee against the order of the Ld. CIT(A)-1, Ludhiana dt. 16/01/2017

ACIT,CIRCLE PANCHKULA, PANCHKULA vs. M/S V.K.SOOD ENGINEERS & CONTRACTOR, PANCHKULA

In the result, appeal filed by the Revenue is dismissed

Bench: Shri N.K. Saini & Shri R.L Negiआयकरअपीलसं./Ita No. 79/Chd/2020 िनधा"रणवष" / Assessment Year : 2011-12 बनाम The Acit, M/S V.K. Sood Engineers & Circle, Panchkula Contractor Ddsjv, Unit-Iii, H.No. 20, Sector-6 Panchkula-134109, Haryana "थायीलेखासं./Pan No: Aagfv0584J अपीलाथ"/Appellant ""यथ"/Respondent

B”,CHANDIGARH BEFORE SHRI N.K. SAINI, VICE PRESIDENT & SHRI R.L NEGI, JUDICIAL MEMBER आयकरअपीलसं./ITA No. 79/CHD/2020 िनधा"रणवष" / Assessment Year : 2011-12 बनाम The ACIT, M/s V.K. Sood Engineers & Circle, Panchkula Contractor DDSJV, Unit-III, H.No. 20, Sector-6 Panchkula-134109, Haryana "थायीलेखासं./PAN NO: AAGFV0584J अपीलाथ"/Appellant ""यथ"/Respondent Hearing through video Conferencing िनधा"रतीक"ओरसे/Assessee

M/S CORE METAL KRAFTS LTD.,CHANDIGARH vs. ACIT, C-5(1), CHANDIGARH

In the result, the appeal of the assessee is allowed

Bench: Us.

271(1)(c) states that where in respect of any facts material to the computation of income the assessee does not offer an explanation or offers a false explanation or offers an explanation which is unable to substantiate and prove that it is bonafide, then the amount added or disallowed in computing the total income as a result thereof shall

M/S IOL CHEMICALS AND PHARMACEUTICALS LTD.,LUDHIANA vs. ADDL. CIT, R-I, LUDHIANA

In the result, appeal of the Assessee is allowed for statistical purposes

section 36(1)(iii) of the Act which was worked out @13% on Rs. 2,06,24,284/- 5. Being aggrieved the assessee carried the matter to the Ld. CIT(A) and submitted as under: GROUND No. 1 Disallowance of interest u/s 36(1)(iii) Regarding the disallowance of interest u/s 36(l)iii), it is submitted that the debit

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)

1. during survey u./s 133A on 7th & 8th of December, 2009, which was annexurised as A-5. This day book for A.Y. 2007-08 was computerized and ledger and cash books were prepared, copy of which was handed to the assessee for its comments. But it failed to substantiate the same. Explanation furnished by the assessee is not accepted

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)

1. during survey u./s 133A on 7th & 8th of December, 2009, which was annexurised as A-5. This day book for A.Y. 2007-08 was computerized and ledger and cash books were prepared, copy of which was handed to the assessee for its comments. But it failed to substantiate the same. Explanation furnished by the assessee is not accepted

S.D.S. ELECTRONICS PRIVATE LIMITED,CHANDIGARH vs. DCIT, CHANDIGARH

In the result, the appeal of the assessee is, therefore, allowed

B’, CHANDIGARH "ी संजय गग", "याय"क सद"य एवं "ीमती अ"नपणा" ग"ता , लेखा सद"य BEFORE: Sh.SANJAY GARG, JM & SMT.ANNAPURNA GUPTA, AM आयकर अपील सं./ ITA No.243/Chd/2018 "नधा"रण वष" / Assessment Year : 2007-08 S.D.S. Electronics Private बनाम The D.C.I.T., Limited, Chandigarh Chandigarh. "थायी लेखा सं./PAN NO: AABCS9990D अपीलाथ"/Appellant ""यथ"/Respondent "नधा"रती क" ओर से

SHRI VIJAY KUMAR BATRA,CHANDIGARH vs. ACIT, C-3(1), CHANDIGARH

The appeals of the assessee stand allowed

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaआयकर अपील सं./ Ita Nos. 120 & 121/Chd/2019 "नधा"रण वष" / Assessment Years : 2012-13 & 2015-16 Shri Vijay Kumar Batra, The Acit, बनाम Circle 3(1), Prop M/S Adley Foundations, Chandigarh Sco 184, Sector 5,Panchkula Chandigarh "थायी लेखा सं./Pan No: Aejpb0879B अपीलाथ"/Appellant ""यथ"/Respondent

B’ CHANDIGARH "ी संजय गग", "या"यक सद"य एवं "ीमती अ"नपूणा" गु"ता, लेखा सद"य BEFORE SHRI SANJAY GARG, JUDICIAL MEMBER AND Ms. ANNAPURNA GUPTA, ACCOUNTANT MEMBER आयकर अपील सं./ ITA Nos. 120 & 121/CHD/2019 "नधा"रण वष" / Assessment Years : 2012-13 & 2015-16 Shri Vijay Kumar Batra, The ACIT, बनाम Circle 3(1), Prop M/s Adley Foundations, Chandigarh

SHRI VIJAY KUMAR BATRA,CHANDIGARH vs. ACIT, C-3(1), CHANDIGARH

The appeals of the assessee stand allowed

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaआयकर अपील सं./ Ita Nos. 120 & 121/Chd/2019 "नधा"रण वष" / Assessment Years : 2012-13 & 2015-16 Shri Vijay Kumar Batra, The Acit, बनाम Circle 3(1), Prop M/S Adley Foundations, Chandigarh Sco 184, Sector 5,Panchkula Chandigarh "थायी लेखा सं./Pan No: Aejpb0879B अपीलाथ"/Appellant ""यथ"/Respondent

B’ CHANDIGARH "ी संजय गग", "या"यक सद"य एवं "ीमती अ"नपूणा" गु"ता, लेखा सद"य BEFORE SHRI SANJAY GARG, JUDICIAL MEMBER AND Ms. ANNAPURNA GUPTA, ACCOUNTANT MEMBER आयकर अपील सं./ ITA Nos. 120 & 121/CHD/2019 "नधा"रण वष" / Assessment Years : 2012-13 & 2015-16 Shri Vijay Kumar Batra, The ACIT, बनाम Circle 3(1), Prop M/s Adley Foundations, Chandigarh

M/S PUNJAB CHEMICALS & CROP. PROTECTION LTD.,CHANDIGARH vs. ADDL. CIT, CHANDIGARH

The appeals of the assessee are allowed for statistical purposes

Bench: Smt. Diva Singh & Dr. B.R.R. Kumarassessment Year: 2008-09

section 36(1)(iii). This being allowable as business expenditure, the disallowance made on this account be deleted. 2. As per the facts and circumstance of the case and as per the provisions of law, the pispute Resolution Panel has erred in its directions, and the assessing officer has erred in disallowing

PUNJAB CHEMICALS & CROP. PROTECTION LTD.,CHANDIGARH vs. DCIT, CHANDIGARH

The appeals of the assessee are allowed for statistical purposes

Bench: Smt. Diva Singh & Dr. B.R.R. Kumarassessment Year: 2008-09

section 36(1)(iii). This being allowable as business expenditure, the disallowance made on this account be deleted. 2. As per the facts and circumstance of the case and as per the provisions of law, the pispute Resolution Panel has erred in its directions, and the assessing officer has erred in disallowing

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MOHALI

In the result, the appeal filed by the Revenue is dismissed

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

B”, CHANDIGARH "ी िव"म िसंह यादव, लेखा सद" एवं "ी परेश म. जोशी, "ाियक सद" BEFORE: SHRI. VIKRAM SINGH YADAV, AM & SHRI. PARESH M. JOSHI, JM आयकर अपील सं./ ITA NO. 258/Chd/2023 िनधा"रण वष" / Assessment Year : 2009-10 The ITO बनाम Quarkcity India Pvt. Ltd. Ward -6(1), Mohali A-40A, Industrial Focal Point, Phase VIII Extn. Mohali-160059 "ायी

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MOHALI

In the result, the appeal filed by the Revenue is dismissed

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

B”, CHANDIGARH "ी िव"म िसंह यादव, लेखा सद" एवं "ी परेश म. जोशी, "ाियक सद" BEFORE: SHRI. VIKRAM SINGH YADAV, AM & SHRI. PARESH M. JOSHI, JM आयकर अपील सं./ ITA NO. 258/Chd/2023 िनधा"रण वष" / Assessment Year : 2009-10 The ITO बनाम Quarkcity India Pvt. Ltd. Ward -6(1), Mohali A-40A, Industrial Focal Point, Phase VIII Extn. Mohali-160059 "ायी

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MPHALI

In the result, the appeal filed by the Revenue is dismissed

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

B”, CHANDIGARH "ी िव"म िसंह यादव, लेखा सद" एवं "ी परेश म. जोशी, "ाियक सद" BEFORE: SHRI. VIKRAM SINGH YADAV, AM & SHRI. PARESH M. JOSHI, JM आयकर अपील सं./ ITA NO. 258/Chd/2023 िनधा"रण वष" / Assessment Year : 2009-10 The ITO बनाम Quarkcity India Pvt. Ltd. Ward -6(1), Mohali A-40A, Industrial Focal Point, Phase VIII Extn. Mohali-160059 "ायी