SH. MARTIN EKKA S/O SH. LALSAY EKKA,PANCHKULA vs. ITO, WARD -1, PANCHKULA

In the result, the ground no

Bench: SH. SANJAY GARG (Judicial Member)

disallowed claim of the appellant made u/s 10(10B) of the Act on following findings that (1) sum received by the appellant on account of VRSNSS was not of the nature of compensation on termination of employment or compensation on closure of industry ie HMTL-TD. This amount is receipt on account of voluntary retirement, (ii) appellant was not retrenched

NARESH KUMAR KAMBOJ,ZIRAKPUR vs. INCOME TAX OFFICER , PANCHKULA

In the result, the appeal of the assessee is allowed

Bench: Shri Sanjay Garg

disallowed claim of the appellant made u/s 10(10B) of the Act on following findings that (1) sum received by the appellant on account of VRSNSS was not of the nature of compensation on termination of employment or compensation on closure of industry ie HMTL-TD. This amount is receipt on account of voluntary retirement, (ii) appellant was not retrenched

DAYAL SINGH,VILL FATEHPUR PO BUREWALA vs. ITO WARD-1, PANCHKULA

In the result, the ground no

Bench: Shri Sanjay Gargआयकर अपील सं./ Ita No. 519/Chd/2024 "नधा"रण वष" / Assessment Year : 2017-18 बनाम Dayal Singh, The Ito, Vill Fatehpur Ward -1, Po Burewala Panchkula Distt.Amabla 134204 "थायी लेखा सं./Pan No: Acdps7697G अपीलाथ"/Appellant ""यथ"/Respondent ( Physical Hearing ) "नधा"रती क" ओर से/Assessee By : Shri Y.R. Saini, Adv. राज"व क" ओर से/ Revenue By : Sh. Vivek Vardhan, Jcit सुनवाई क" तार"ख/Date Of Hearing : 11.11.2024 उदघोषणा क" तार"ख/Date Of Pronouncement : 03.12.2024 आदेश/Order The Present Appeal Has Been Preferred By The Assessee Against The Order Dated 20.03.2024 Passed By The Ld. Addl. / Jcit(A), National Faceless Appeal Centre (Nfac), Delhi, For The Assessment Year 2017-18. 2. The Assess Ee In This Appeal H As Taken Foll Owing Groun Ds Of Appeal: 1 That In The F Acts & Circumstance Of The Case The Id. Addl/Jcit (A)-9 Mumbai Of Cit (A)( Nfac) Has Erred In Law By Placing Reliance On Judgement Of Hon'Ble Apex Court In The Case Of Maji Sinneman Vs Reddy

disallowed claim of the appellant made u/s 10(10B) of the Act on following findings that (1) sum received by the appellant on account of VRSNSS was not of the nature of compensation on termination of ITA No. 519-Chd-2024 Dayal Singh, Distt. Ambala , 19 employment or compensation on closure of industry ie HMTL-TD. This amount is receipt

SATINDER PAUL THROUGH L/H NEELAM SAINI,PINJORE vs. INCOME TAX OFFICER, PANCHKULA

In the result, the ground no

Bench: SH. SANJAY GARG (Judicial Member)

disallowed claim of the appellant made u/s 10(10B) of the Act on following findings that (1) sum received by the appellant on account of VRSNSS was not of the nature of compensation on termination of employment or compensation on closure of industry ie HMTL-TD. This amount is receipt on account of voluntary retirement, (ii) appellant was not retrenched

ASSTT.COMMISSIONER OF INCOME TAX, LUDHIANA vs. M/S MRS.BECTORS FOOD SPECILTIES LTD, LUDHIANA

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

31,21,953/- as a reasonable expenditure for making disallowance u/s 14A of the Income Tax Act, 1961. " 9.3 Ld.CTA) found that the impugned addition by invoking provisions of section 14A of the Act read with Rule 8D of the Income Tax Rules, 1962 as the assessee company has made investment in shares/mutual funds from which he has earned dividend

ASSTT.COMMISSIONER OF INCOME TAX, LUDHIANA vs. M/S MRS.BECTORS FOOD SPECILTIES LTD, LUDHIANA

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

31,21,953/- as a reasonable expenditure for making disallowance u/s 14A of the Income Tax Act, 1961. " 9.3 Ld.CTA) found that the impugned addition by invoking provisions of section 14A of the Act read with Rule 8D of the Income Tax Rules, 1962 as the assessee company has made investment in shares/mutual funds from which he has earned dividend

ASSTT.COMMISSIONER OF INCOME TAX, LUDHIANA vs. M/S MRS.BECTORS FOOD SPECILTIES LTD, LUDHIANA

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

31,21,953/- as a reasonable expenditure for making disallowance u/s 14A of the Income Tax Act, 1961. " 9.3 Ld.CTA) found that the impugned addition by invoking provisions of section 14A of the Act read with Rule 8D of the Income Tax Rules, 1962 as the assessee company has made investment in shares/mutual funds from which he has earned dividend

ASSTT.COMMISSIONER OF INCOME TAX, LUDHIANA vs. M/S MRS.BECTORS FOOD SPECILTIES LTD, LUDHIANA

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

31,21,953/- as a reasonable expenditure for making disallowance u/s 14A of the Income Tax Act, 1961. " 9.3 Ld.CTA) found that the impugned addition by invoking provisions of section 14A of the Act read with Rule 8D of the Income Tax Rules, 1962 as the assessee company has made investment in shares/mutual funds from which he has earned dividend

ASSTT.COMMISSIONER OF INCOME TAX, LUDHIANA vs. M/S MRS.BECTORS FOOD SPECILTIES LTD, LUDHIANA

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

31,21,953/- as a reasonable expenditure for making disallowance u/s 14A of the Income Tax Act, 1961. " 9.3 Ld.CTA) found that the impugned addition by invoking provisions of section 14A of the Act read with Rule 8D of the Income Tax Rules, 1962 as the assessee company has made investment in shares/mutual funds from which he has earned dividend

ACIT, LUDHIANA vs. M/S MRS. BECTORS FOOD SPECIALTIES PVT. LTD., LUDHIANA

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

31,21,953/- as a reasonable expenditure for making disallowance u/s 14A of the Income Tax Act, 1961. " 9.3 Ld.CTA) found that the impugned addition by invoking provisions of section 14A of the Act read with Rule 8D of the Income Tax Rules, 1962 as the assessee company has made investment in shares/mutual funds from which he has earned dividend

DCIT, C-V, LUDHIANA vs. M/S HERO CYCLES LTD., LUDHIANA

In the result, appeal of the Department is dismissed and the appeal of the assessee is allowed

Bench: SHRI. RAJPAL YADAV (Vice President), SHRI. KRINWANT SAHAY, AM आयकर अपील सं. / ITA No. 588/Chd/2018 निर्धारण वर्ष / Assessment Years : 2012-13 The DCIT C-V, Ludhiana बनाम M/s Hero Cycles Ltd. Hero Nagar, G.T. Road Ludhiana स्थायी लेखा सं./PAN NO: AAACH4073P अपीलार्थी/Appellant प्रत्यर्थी / Respondent आयकर अपील सं. / ITA No. 473/Chd/2018 निर्धारण वर्ष / Assessment Years : 2012-13 M/s Hero Cycles Ltd. Hero Nagar, G.T. Road Ludhiana बनाम The ACIT C-V, Ludhiana स्थायी लेखा सं./PAN NO: AAACH4073P

31,25,91,729/-. Less: Disallowance already made by the assessee: Rs. 22,86,36,462/ Disallowance to be made: Rs. 8,39,55,267/- 41. The A.O. made various disallowance of interest under section 14A and Section 36(1) (iii). In para 4 the AO made disallowance of interest u/s 14A at Rs. 141510213/- , in para 6 made disallowance

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)

31,54,889/- consequently the assessed income is coming to Rs. 74,29,889/- as profits of the assessee. 28.20. We also notice that against Rs. 2.50 crores grant in aid @ 15% an amount of Rs. 37,50,000/- is disallowed. Whereas against Rs. 35 lakh subsidy from APEDA @ 15% an amount of Rs. 5,25,000/- is disallowed

M/S PENTA HOMES PRIVATE LIMITED,PATIALA vs. ACIT, PATIALA

In the result, ITA 635/CHD/2017 is allowed and ITA 637/CHD/2017

disallowance of deduction u/s 80IB(10) made by the AO was affirmed in appeal by the CIT(A). 5. In 2012-13 i.e. in ITA 637/CHD/2017, the reasoning adopted in dismissing the appeal in 2009-10 was followed by the CIT(A). 6. The ld. AR though reiterating the facts and position of law has canvassed before

M/S PENTA HOMES PRIVATE LIMITED,PATIALA vs. ACIT, PATIALA

In the result, ITA 635/CHD/2017 is allowed and ITA 637/CHD/2017

disallowance of deduction u/s 80IB(10) made by the AO was affirmed in appeal by the CIT(A). 5. In 2012-13 i.e. in ITA 637/CHD/2017, the reasoning adopted in dismissing the appeal in 2009-10 was followed by the CIT(A). 6. The ld. AR though reiterating the facts and position of law has canvassed before

ITO, WARD (E), CHANDIGARH vs. SANT BABA SUNDER SINGH, BARNALA

In the result the appeal of the revenue is dismissed said order was pronounced in the open court at the time of hearing itself

Bench: Ms. Diva Singhassessment Year: 2008-09

disallowed by the AO for the reason that the receipt of the assessee trust exceeded Rs. 1 Crores. Before the Ld. CIT(A) assessee had not raised this ground of appeal at all and therefore this issue been dealt with by the Ld. CIT(A). In view of the same the entire facts relating to the issue are not before

ASSISTANT COMMISSIONER OF INCOME TAX, PANCHKULA CIRCLE, PANCHKULA, PANCHKULA vs. HARYANA STATE COOPERATIVE SUPPLY AND MARKETING FEDERATION LTD, PANCHKULA

In the result, the present appeal of the Revenue is allowed for statistical purposes

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

10(34) but taxable and deductible u/s 80P(2)(d), and the assessee had already disallowed proportionate expenses suo motu. 5.2 The CIT(A), after examining records, accepted the contention that rental income from letting of godowns to third parties qualifies under section 80P(2)(e). However, acknowledging that the godowns were used partly for trading and partly for letting

ASSISTANT COMMISSIONER OF INCOME TAX, PANCHKULA CIRCLE, PANCHKULA, PANCHKULA vs. HARYANA STATE COOPERATIVE SUPPLY AND MARKETING FEDERATION LTD, PANCHKULA

In the result, the present appeal of the Revenue is allowed for statistical purposes

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

10(34) but taxable and deductible u/s 80P(2)(d), and the assessee had already disallowed proportionate expenses suo motu. 5.2 The CIT(A), after examining records, accepted the contention that rental income from letting of godowns to third parties qualifies under section 80P(2)(e). However, acknowledging that the godowns were used partly for trading and partly for letting

ASSISTANT COMMISSIONER OF INCOME TAX, PANCHKULA CIRCLE, PANCHKULA, PANCHKULA vs. HARYANA STATE COOPERATIVE SUPPLY AND MARKETING FEDERATION LIMITED, PANCHKULA

In the result, the present appeal of the Revenue is allowed for statistical purposes

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

10(34) but taxable and deductible u/s 80P(2)(d), and the assessee had already disallowed proportionate expenses suo motu. 5.2 The CIT(A), after examining records, accepted the contention that rental income from letting of godowns to third parties qualifies under section 80P(2)(e). However, acknowledging that the godowns were used partly for trading and partly for letting