M/S INFRASTRUCTURE DEVELOPMENT FUND,CHANDIGARH vs. DCIT, (EXEMPTIONS), C-2, CHANDIGARH

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaआयकरअपीलसं./Ita No. 644 & 645/Chd/2018 "नधा"रणवष" / Assessment Year: 2009-10 & 2014-15 Infrastructure Development Deputy Commissioner Of Income Tax बनाम Fund (Exemptions) Circle-2, Sco-71-17 Sector-17C Chandigarh Chandigarh "थायीलेखासं./Pan No: Aaal10136K अपीलाथ"/Appellant ""यथ"/Respondent आयकरअपीलसं./Ita No. 528 /Chd/2017 "नधा"रणवष" / Assessment Year: 2013-14 Infrastructure Development Acit, बनाम Fund Circle-2 (Exemptions), Sco-71-17 Sector-17C Chandigarh Chandigarh "थायीलेखासं./Pan No: Aaal10136K अपीलाथ"/Appellant ""यथ"/Respondent "नधा"रती क" ओर से/Assessee By : Shri A. K. Jindal, Ca, Smt. Ratan Kaur & Shri Parikshit Aggarwal, Ca राज"व क" ओर से/ Revenue By : Shri Chandrajeet Singh, Cit(Dr) Smt. C. Chandrakanta, Cit-Dr सुनवाई क" तार"ख/Date Of Hearing : 05.03.2020 उदघोषणा क" तार"ख/Date Of Pronouncement : 31/07/2020

disallowance of accumulation of income claimed under section 11(2) of the I.T. Act which is highly unjustified and uncalled for. 2. A) That the ld. CIT(A) has erred in law and facts of the case in upholding the non acceptance of Form No. 10 submitted during the course ITA No. 644 & 645/Chd/2018-& 528/2017 Infrastructure Development Fund, Chandigarh

M/S INFRASTRUCTURE DEVELOPMENT FUND,CHANDIGARH vs. DCIT, (EXEMPTIONS), C-2, CHANDIGARH

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaआयकरअपीलसं./Ita No. 644 & 645/Chd/2018 "नधा"रणवष" / Assessment Year: 2009-10 & 2014-15 Infrastructure Development Deputy Commissioner Of Income Tax बनाम Fund (Exemptions) Circle-2, Sco-71-17 Sector-17C Chandigarh Chandigarh "थायीलेखासं./Pan No: Aaal10136K अपीलाथ"/Appellant ""यथ"/Respondent आयकरअपीलसं./Ita No. 528 /Chd/2017 "नधा"रणवष" / Assessment Year: 2013-14 Infrastructure Development Acit, बनाम Fund Circle-2 (Exemptions), Sco-71-17 Sector-17C Chandigarh Chandigarh "थायीलेखासं./Pan No: Aaal10136K अपीलाथ"/Appellant ""यथ"/Respondent "नधा"रती क" ओर से/Assessee By : Shri A. K. Jindal, Ca, Smt. Ratan Kaur & Shri Parikshit Aggarwal, Ca राज"व क" ओर से/ Revenue By : Shri Chandrajeet Singh, Cit(Dr) Smt. C. Chandrakanta, Cit-Dr सुनवाई क" तार"ख/Date Of Hearing : 05.03.2020 उदघोषणा क" तार"ख/Date Of Pronouncement : 31/07/2020

disallowance of accumulation of income claimed under section 11(2) of the I.T. Act which is highly unjustified and uncalled for. 2. A) That the ld. CIT(A) has erred in law and facts of the case in upholding the non acceptance of Form No. 10 submitted during the course ITA No. 644 & 645/Chd/2018-& 528/2017 Infrastructure Development Fund, Chandigarh

ACIT, C-7, LUDHIANA vs. M/S CEIGALL INDIA LTD., LUDHIANA

In the result appeal of the Department is partly allowed for statistical purposes and the Cross Objection of the assessee is dismissed

Bench: The Appeal Is Finally Heard Or Disposed Off.

10A or Section 10B of the Act and cannot b taxed separately under Section 56 of the Act. " 2. The Hon'ble High Court while pronouncing this judgment relied upon on many judgments for holding the above preposition; copy of the judgment is being enclosed herewith. 3. It is submitted that the Ld. Assessing Officer by applying the net profit

THE HABROL COOPERATIVE AGRICULTURAL SERVICE SOCIETY LIMITED,LAGRU vs. ITO DHARAMSHALA, DHARAMSHALA

In the result, the appeal is allowed

Bench: Shri A.D. Jain & Shri Krinwant Sahayआयकर अपील सं./ Ita No. 158/Chd/2024 "नधा"रण वष" / Assessment Year : 2018-19 The Habrol Cooperative Vs. The Ito, बनाम Dharamshala Agricultural Service Society Limited, Vill. Lagru Khundian Distt.Kangra Hp 176031 "थायी लेखा सं./Pan No: Aadat1205A अपीलाथ"/ Appellant ""यथ"/ Repsondent ( Physical Hering ) "नधा"रती क" ओर से/Assessee By : Shri Sudhir Sehgal, Advocate राज"व क" ओर से/ Revenue By : Dr. Ranjit Kaur, Addl. Cit, Sr.Dr सुनवाई क" तार"ख/Date Of Hearing : 08.08.2024 उदघोषणा क" तार"ख/Date Of Pronouncement : 26.09.2024 आदेश/Order Per Krinwant Sahay, A.M.:

disallowing deduction under chapter VI -A in respect of section 80P of the Income Tax Act 1961, as assessee is providing banking /credit facilities to its members and covered u/s sec 80P (2)(a)(1) without considering the facts of the case which is highly arbitrary, illegal, unwarranted & uncalled for. 3) That the assessee has filed rectification but same

SH. SARABJIT SINGH,MOHALI vs. ITO, W-6(2), MOHALI

In the result, the appeal filed by the assessee is allowed

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumarआयकर अपील सं./ Ita No.764/Chd/2018 "नधा"रण वष" / Assessment Year : 2014-15

section 10(10A) relates to members of the 3 A.Y.2014-15 civil services, defence or to the members of all India service or to the members of the civil services of a State or holder of civil posts under a state or to the employees of a local authority or a corporation established by a Central, State or provincial

RAJESHWAR SHARMA,MOHALI vs. ITO, W-6(2), MOHALI

The appeal of the assessee stands partly allowed

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaआयकर अपील सं./ Ita No. 870/Chd/2018 "नधा"रण वष" / Assessment Year : 2014-15 Sh. Rajeshwar Sharma, The I.T.O., बनाम Ward 6(2), House No.584, Sectro 59, Mohali Phase-4, Mohali "थायी लेखा सं./Pan No: Amdps4641Q अपीलाथ"/Appellant ""यथ"/Respondent Appeal Against The Order Of Cit(A)-2, Chandigarh Dated 28.3.2018

section 10(10A) of the Act and denied the exemption claimed by the assessee on this account. 8. We have considered the rival submissions and have also gone through the record. Though in strict terms, it may not be said that the amount received by the assessee was on account of commutation of pension, however, the fact on the file

KARAN PAL SINGH,MOHALI vs. ITO, W-6(2), MOHALI

The appeal of the assessee stands partly allowed

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaआयकर अपील सं./ Ita No. 870/Chd/2018 "नधा"रण वष" / Assessment Year : 2014-15 Sh. Rajeshwar Sharma, The I.T.O., बनाम Ward 6(2), House No.584, Sectro 59, Mohali Phase-4, Mohali "थायी लेखा सं./Pan No: Amdps4641Q अपीलाथ"/Appellant ""यथ"/Respondent Appeal Against The Order Of Cit(A)-2, Chandigarh Dated 28.3.2018

section 10(10A) of the Act and denied the exemption claimed by the assessee on this account. 8. We have considered the rival submissions and have also gone through the record. Though in strict terms, it may not be said that the amount received by the assessee was on account of commutation of pension, however, the fact on the file

DHARAM SINGH RAWAT,MOHALI vs. ITO, W-6(3), MOHALI

The appeal of the assessee stands partly allowed

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaआयकर अपील सं./ Ita No. 870/Chd/2018 "नधा"रण वष" / Assessment Year : 2014-15 Sh. Rajeshwar Sharma, The I.T.O., बनाम Ward 6(2), House No.584, Sectro 59, Mohali Phase-4, Mohali "थायी लेखा सं./Pan No: Amdps4641Q अपीलाथ"/Appellant ""यथ"/Respondent Appeal Against The Order Of Cit(A)-2, Chandigarh Dated 28.3.2018

section 10(10A) of the Act and denied the exemption claimed by the assessee on this account. 8. We have considered the rival submissions and have also gone through the record. Though in strict terms, it may not be said that the amount received by the assessee was on account of commutation of pension, however, the fact on the file

M/S E.G. PHARMACEUTICALS,SOLAN vs. DCIT, CIRCLE, PARWANOO

In the result the appeal of the assessee is allowed

Bench: Ms. Diva Singhassessment Year: 2012-13

disallowing the benefit of substantial expansion u/s 80IC(2) by holding that benefit of substantial expansion is allowable only to the undertaking which were existing as on 07.01.2003.” 2. At the time of hearing it was a common stand of the parties before the Bench that the issue is covered in favour of the assessee by virtue of the order

ARUN DHIR,CHANDIGARH vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1, CHANDIGARH

In the result, appeal of the assessee is allowed

Bench: Shri Rajpal Yadav & Shri Krinwant Sahayआयकर अपील सं./ Ita No. 97/Chd/2025 "नधा"रण वष" / Assessment Year: 2013-14 Shri Arun Dhir, Vs The Dcit, House No.1150, Sector 21-B, Circle-1, Chandigarh. Sector 17,Chandigarh. "थायी लेखा सं./Pan No: Aarpd0180F अपीलाथ"/Appellant ""यथ"/Respondent Assessee By : Shri Pankaj Bhalla, C.A. Revenue By : Shri Vivek Vardhan, Addl. Cit Sr.Dr Date Of Hearing : 29.07.2025 Date Of Pronouncement : 11.09.2025

disallowed. This application has been dismissed by the AO. 4. Appeal to the CIT (Appeals) did not bring any relief to the assessee. A.Y.2013-14 3 5. With the assistance of ld. Representative, we have gone through the record carefully. It emerges out from the record that assessee was an employee of M/s Ranbaxy Laboratories and worked for 25 years. According

ITO, CIRCLE, PARWANOO vs. M/S GLOBE PRECISION INDUSTRIES PVT. LTD., BADDI

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaassessment Year: 2012-13

disallowing the deduction u/s 80IC by holding the difference in foreign exchange of 1,14,718/- and liabilities written back amounting to Rs. 3,24,124/- cannot be considered as income derived from manufacturing activity of the industrial undertaking to be eligible for deduction u/s 80IC. 3. Ground No.1 is general in nature and needs no adjudication. 4. Ground

M/S GLOBE PRECISION INDUSTRIES PVT. LTD.,SOLAN vs. DCIT, PARWANOO

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaassessment Year: 2012-13

disallowing the deduction u/s 80IC by holding the difference in foreign exchange of 1,14,718/- and liabilities written back amounting to Rs. 3,24,124/- cannot be considered as income derived from manufacturing activity of the industrial undertaking to be eligible for deduction u/s 80IC. 3. Ground No.1 is general in nature and needs no adjudication. 4. Ground

M/S GLOBE PRECISION INDUSTRIES PVT. LTD.,SOLAN vs. DCIT, PARWANOO

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaassessment Year: 2012-13

disallowing the deduction u/s 80IC by holding the difference in foreign exchange of 1,14,718/- and liabilities written back amounting to Rs. 3,24,124/- cannot be considered as income derived from manufacturing activity of the industrial undertaking to be eligible for deduction u/s 80IC. 3. Ground No.1 is general in nature and needs no adjudication. 4. Ground

ITO, CIRCLE, PARWANOO vs. M/S GLOBE PRECISION INDUSTRIES PVT. LTD., BADDI

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaassessment Year: 2012-13

disallowing the deduction u/s 80IC by holding the difference in foreign exchange of 1,14,718/- and liabilities written back amounting to Rs. 3,24,124/- cannot be considered as income derived from manufacturing activity of the industrial undertaking to be eligible for deduction u/s 80IC. 3. Ground No.1 is general in nature and needs no adjudication. 4. Ground

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)

3. books of accounts of assessee, there are cash payments of Rs.1,23,299/- on different dates like: on 11.11.2006, 15.11.2006, 20.11.2006- Rs. 20,000/-each and on 1.12.2006 Rs. 13,299/-. On the other hand in impounded Day Book these payments are made on 1.11.2006 for Rs. 1,23,299/- at one go. This is unexplained cash credit

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)

3. books of accounts of assessee, there are cash payments of Rs.1,23,299/- on different dates like: on 11.11.2006, 15.11.2006, 20.11.2006- Rs. 20,000/-each and on 1.12.2006 Rs. 13,299/-. On the other hand in impounded Day Book these payments are made on 1.11.2006 for Rs. 1,23,299/- at one go. This is unexplained cash credit

SHRI ANIL SURI,CHANDIGARH vs. DCIT, C-1(1), CHANDIGARH

The appeal of the assessee stands allowed

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaआयकर अपील सं./ Ita No. 127/Chd/2019 "नधा"रण वष" / Assessment Year : 2014-15 Shri Anil Suri, Dcit, Circle 1(1), बनाम H.No.699, Sector 11-B, Chandigarh Chandigarh "थायी लेखा सं./Pan No: Amcps9331C अपीलाथ"/Appellant ""यथ"/Respondent

section 56(xi) was inserted from A.Y. 2019-20. 3. A perusal of above grounds of appeal reveals that the assessee has agitated the action of the lower authorities in making / upholding the disallowance of claim made by the assessee u/s 10(10A

M/S UNIVERSAL PRINT O PACK vs. DEPUTY COMMISSIONER OF INCOME TAX, PARWANOO

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

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumarassessment Year: 2014-15

disallowing the claim of deduction @ 100% us 80IC of the Income-tax Act, 1961 (in short 'the Act') on account of substantial expansion of the Unit. ITA No. 1700/Chd/2017- M/s Digital System Inc, HP 2 4. During the course of hearing before us, it was brought to our notice that the issue involved in this appeal has already been adjudicated

INDIAN HERBS SPECIALITIES,SAHARANPUR vs. DCIT, CHANDIGARH

In the result, both the appeals of the assessee, therefore, stands

Bench: Shri Sanjay Garg& Ms. Annapurna Gupta

disallowing the claim of deduction @ 100% us 80IC of the Income-tax Act, 1961 (in short 'the Act') on account of substantial expansion of the Unit. 6. During the course of hearing before us, it was brought to our notice that the issue involved in these appeals has already been adjudicated by the Hon’ble Himachal Pradesh High Court vide