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

In the result, the appeal of the assessee is allowed

Bench: Shri Sanjay Garg

Section 10(108) of Act. For this appellant placed reliance on the case of Hindustan Photo Film Workers Vs. The Government of India WP No.18566 of 2015 dated 17.03.2017. AO on the other hand held that facts of the above case are different than the present case and disallowed claim of the appellant made u/s 10(10B

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)

Section 10(108) of Act. For this appellant placed reliance on the case of Hindustan Photo Film Workers Vs. The Government of India WP No.18566 of 2015 dated 17.03.2017. AO on the other hand held that facts of the above case are different than the present case and disallowed claim of the appellant made u/s 10(10B

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

Section 10(108) of Act. For this appellant placed reliance on the case of Hindustan Photo Film Workers Vs. The Government of India WP No.18566 of 2015 dated 17.03.2017. AO on the other hand held that facts of the above case are different than the present case and disallowed claim of the appellant made u/s 10(10B

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)

Section 10(108) of Act. For this appellant placed reliance on the case of Hindustan Photo Film Workers Vs. The Government of India WP No.18566 of 2015 dated 17.03.2017. AO on the other hand held that facts of the above case are different than the present case and disallowed claim of the appellant made u/s 10(10B

VARDHMAN HOLDINGS LTD.,,LUDHIANA vs. ACIT,,

The appeal of the assessee is partly allowed and the appeal of the Revenue is dismissed

section 10B is identically worded using the term “derived from exports”,the interpretation given to the said term will apply in relation to exemption claimed u/s 10B of the Act also. In view of the above we hold that loss on export traded goods,rent received and R&D subsidy received all are to be excluded for calculating deduction

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

The appeal of the assessee is partly allowed and the appeal of the Revenue is dismissed

section 10B is identically worded using the term “derived from exports”,the interpretation given to the said term will apply in relation to exemption claimed u/s 10B of the Act also. In view of the above we hold that loss on export traded goods,rent received and R&D subsidy received all are to be excluded for calculating deduction

VARDHMAN TEXTILES LTD.,,LUDHIANA vs. JCIT,, 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. (ii) Head Office Expenses has been allocated to profits/losses earned by the EOU's of the appellant. 7. That the Ld. CIT(A) Was erred in law and on the facts while allocating expenses amounting to Rs.2,00,000/- to exempted dividend income earned by the appellant and disallowing

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. (ii) Head Office Expenses has been allocated to profits/losses earned by the EOU's of the appellant. 7. That the Ld. CIT(A) Was erred in law and on the facts while allocating expenses amounting to Rs.2,00,000/- to exempted dividend income earned by the appellant and disallowing

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. (ii) Head Office Expenses has been allocated to profits/losses earned by the EOU's of the appellant. 7. That the Ld. CIT(A) Was erred in law and on the facts while allocating expenses amounting to Rs.2,00,000/- to exempted dividend income earned by the appellant and disallowing

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. (ii) Head Office Expenses has been allocated to profits/losses earned by the EOU's of the appellant. 7. That the Ld. CIT(A) Was erred in law and on the facts while allocating expenses amounting to Rs.2,00,000/- to exempted dividend income earned by the appellant and disallowing

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. (ii) Head Office Expenses has been allocated to profits/losses earned by the EOU's of the appellant. 7. That the Ld. CIT(A) Was erred in law and on the facts while allocating expenses amounting to Rs.2,00,000/- to exempted dividend income earned by the appellant and disallowing

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. (ii) Head Office Expenses has been allocated to profits/losses earned by the EOU's of the appellant. 7. That the Ld. CIT(A) Was erred in law and on the facts while allocating expenses amounting to Rs.2,00,000/- to exempted dividend income earned by the appellant and disallowing

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. (ii) Head Office Expenses has been allocated to profits/losses earned by the EOU's of the appellant. 7. That the Ld. CIT(A) Was erred in law and on the facts while allocating expenses amounting to Rs.2,00,000/- to exempted dividend income earned by the appellant and disallowing

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. (ii) Head Office Expenses has been allocated to profits/losses earned by the EOU's of the appellant. 7. That the Ld. CIT(A) Was erred in law and on the facts while allocating expenses amounting to Rs.2,00,000/- to exempted dividend income earned by the appellant and disallowing

VARDHMAN TEXTILE LTD.,LUDHIANA vs. ACIT, LUDHIANA

In the result there is no merit in the appeal of the Revenue and the same is accordingly dismissed

Bench: Shri Sanjay Garg & Ms.Annapurna Gupta

disallowance of commission income out of exemption claimed under section 10B, to the file of the AO. However the disallowance

VARDHMAN TEXTILE LTD.,LUDHIANA vs. ACIT, LUDHIANA

In the result there is no merit in the appeal of the Revenue and the same is accordingly dismissed

Bench: Shri Sanjay Garg & Ms.Annapurna Gupta

disallowance of commission income out of exemption claimed under section 10B, to the file of the AO. However the disallowance

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

In the result there is no merit in the appeal of the Revenue and the same is accordingly dismissed

Bench: Shri Sanjay Garg & Ms.Annapurna Gupta

disallowance of commission income out of exemption claimed under section 10B, to the file of the AO. However the disallowance

SHRI GURU NANAK NAM LEWA SEWAK JATHA,,FATEHGARH SAHIB vs. ITO, EXEMPTION WARD, CHANDIGARH

In the result, appeal of the assessee is allowed

Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member)

10B alongwith return of income by the due date as per Section 139 (1) of the Act and since assessee has failed to do so within the prescribed due date, the amount of Rs. 26,64,530/- claimed by way of exemption under section 11 was disallowed