DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1(1), CHANDIGARH vs. ESSIX BIOSCIENCES LIMITED, MANIMAJRA

In the result, the appeal is dismissed and the

Bench: SHRI A.D.JAIN (Vice President), SHRI KRINWANT SAHAY (Accountant Member)

144 – ITAT Delhi. 16. Having considered the matter in the light of the rival contentions and the material brought on record, we find that, shorn of the undisputed facts, in “M/s Marg Ltd.” (supra), the Hon'ble Madras High Court held that even the large disallowance proposed by the assessee himself in the computation of disallowance under Rule 8D made

EXOTIC REALTORS AND DEVELOPERS,CHANDIGARH vs. PR.CIT-1, CHANDIGARH

In the result, appeal of the assessee is allowed

Bench: SHRI. KRINWANT SAHAY (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)

144 read with section 144B of the 21 Income Tax Act dt. 24/03/2023 much before the impugned order dt. 27/03/2023 whereby even under section 147, the return of income of the assessee firm was accepted as it is and no addition / disallowance

DCIT, C-5, LUDHIANA vs. M/S HERO CYCLES LTD., LUDHIANA

In the result, appeal of the Department is dismissed and the Cross

disallowed and added back to the total income of the assessee. 25. Being aggrieved the assessee carried the matter to the Ld. CIT(A) and furnished the written submission which had been incorporated in para 11.1 of the impugned order, for the cost of repetition the same is not reproduced herein. 25.1 The Ld. CIT(A) forwarded the written submissions

ASSTT. 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)

144 Rs. 40,05,038 Domestic Traveling & Convey- Rs. 3,840,407 Rs. 1,104,566 other Foreign Traveling exp-others Rs. 4,770,256 Rs. 1,023,622 TOTAL Rs. 277,90,068 Rs. 113,73,255 2.12 That Ld. AO has observed that this allocation of expenses is not in consonance with the ratio of turnover between

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)

144 Rs. 40,05,038 Domestic Traveling & Convey- Rs. 3,840,407 Rs. 1,104,566 other Foreign Traveling exp-others Rs. 4,770,256 Rs. 1,023,622 TOTAL Rs. 277,90,068 Rs. 113,73,255 2.12 That Ld. AO has observed that this allocation of expenses is not in consonance with the ratio of turnover between

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)

144 Rs. 40,05,038 Domestic Traveling & Convey- Rs. 3,840,407 Rs. 1,104,566 other Foreign Traveling exp-others Rs. 4,770,256 Rs. 1,023,622 TOTAL Rs. 277,90,068 Rs. 113,73,255 2.12 That Ld. AO has observed that this allocation of expenses is not in consonance with the ratio of turnover between

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)

144 Rs. 40,05,038 Domestic Traveling & Convey- Rs. 3,840,407 Rs. 1,104,566 other Foreign Traveling exp-others Rs. 4,770,256 Rs. 1,023,622 TOTAL Rs. 277,90,068 Rs. 113,73,255 2.12 That Ld. AO has observed that this allocation of expenses is not in consonance with the ratio of turnover between

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)

144 Rs. 40,05,038 Domestic Traveling & Convey- Rs. 3,840,407 Rs. 1,104,566 other Foreign Traveling exp-others Rs. 4,770,256 Rs. 1,023,622 TOTAL Rs. 277,90,068 Rs. 113,73,255 2.12 That Ld. AO has observed that this allocation of expenses is not in consonance with the ratio of turnover between

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)

144 Rs. 40,05,038 Domestic Traveling & Convey- Rs. 3,840,407 Rs. 1,104,566 other Foreign Traveling exp-others Rs. 4,770,256 Rs. 1,023,622 TOTAL Rs. 277,90,068 Rs. 113,73,255 2.12 That Ld. AO has observed that this allocation of expenses is not in consonance with the ratio of turnover between

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)

144 Rs. 40,05,038 Domestic Traveling & Convey- Rs. 3,840,407 Rs. 1,104,566 other Foreign Traveling exp-others Rs. 4,770,256 Rs. 1,023,622 TOTAL Rs. 277,90,068 Rs. 113,73,255 2.12 That Ld. AO has observed that this allocation of expenses is not in consonance with the ratio of turnover between

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)

144 Rs. 40,05,038 Domestic Traveling & Convey- Rs. 3,840,407 Rs. 1,104,566 other Foreign Traveling exp-others Rs. 4,770,256 Rs. 1,023,622 TOTAL Rs. 277,90,068 Rs. 113,73,255 2.12 That Ld. AO has observed that this allocation of expenses is not in consonance with the ratio of turnover between

DCIT, C-1, LUDHIANA vs. M/S GOLD STAR AMCO STEELS PVT. LTD., LUDHIANA

In the results, the book results as duly audited need to be accepted and the addition so made is hereby directed to be deleted

Bench: 30Th Of September 2013 And, As Such, Framing Of Assessment By The Assessing Officer Without Observing Mandatory

144 dt. 09/03/2015 wherein the assessed income was determined at Rs. 3,54,58,572/- as against the returned loss of Rs. 2,46,67,816/-. 6. While passing the assessment order, the AO made an addition of Rs. 32,50,000/- under Section 68 of the Act on account of share application money received by the assessee during

M/S GOLD STAR AMCO STEELS PVT. LTD.,LUDHIANA vs. DCIT, C-1, LUDHIANA

In the results, the book results as duly audited need to be accepted and the addition so made is hereby directed to be deleted

Bench: 30Th Of September 2013 And, As Such, Framing Of Assessment By The Assessing Officer Without Observing Mandatory

144 dt. 09/03/2015 wherein the assessed income was determined at Rs. 3,54,58,572/- as against the returned loss of Rs. 2,46,67,816/-. 6. While passing the assessment order, the AO made an addition of Rs. 32,50,000/- under Section 68 of the Act on account of share application money received by the assessee during

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, LUDHIANA vs. MALBROS INTERNATIONAL PVT LTD, FARIDKOT

In the result, both the appeals and the Cross Objections are dismissed

Bench: Shri Rajpal Yadav & Shri Krinwant Sahayआयकर अपील सं./ Ita Nos. 992 & 993/Chd/2024 "नधा"रण वष" / Assessment Years: 2017-18, 2016-17 The Dcit, Vs Malbros International Pvt. Ltd., Central Circle-2, Village – Mansoorwal, Teh-Zira, Ludhiana. Head Offices Old Cantt. Road, Faridkot. "थायी लेखा सं./Pan No: Aadcm7203R अपीलाथ"/Appellant ""यथ"/Respondent & C.O. Nos. 46 & 45/Chd/2024 In आयकर अपील सं./ Ita Nos. 992 & 993/Chd/2024 "नधा"रण वष" / Assessment Year: 2017-18, 2016-17 Malbros International Pvt. Ltd., The Dcit, Village – Mansoorwal, Teh-Zira, Vs Central Circle-2, Head Offices Old Cantt. Road, Ludhiana. Faridkot. "थायी लेखा सं./Pan No: Aadcm7203R अपीलाथ"/Appellant ""यथ"/Respondent Assessee By : Shri Sudhir Sehgal, Advocate Revenue By : Smt. Kusum Bansal, Cit Dr Date Of Hearing : 14.05.2025 Date Of Pronouncement : 25.06.2025

144 and 153A, of the Income-tax Act, 1961 - Method of accounting - Rejection of (General) - Assessment years 2013-14 and 2014-15 - Assessee-company was engaged in providing corporate gifting solutions to various companies - A search and seizure operation under section 132 was conducted upon AMQ group of companies including assessee - Assessing Officer issued a notice under section 153A

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, LUDHIANA vs. MALBROS INTERNATIONAL PVT LTD, FARIDKOT

In the result, both the appeals and the Cross Objections\nare dismissed

144 and 153A, of the Income-tax Act, 1961\nMethod of accounting - Rejection of (General) - Assessment years 2013-14 and\n2014-15 Assessee-company was engaged in providing corporate gifting\nsolutions to various companies - A search and seizure operation under section\n132 was conducted upon AMQ group of companies including assessee - Assessing\nOfficer issued a notice under section 153A

MUKESH MALHOTRA ,SHIMLA vs. INCOME TAX OFFICER , SHIMLA

In the result, appeal of the assessee is partly allowed

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

144/-only had fails to deduct tax on balance Rs. 37,25,543/- from the following parties: Sl. Name of the parties Total payment Balance on Amount of No. which TDS was not payment subject to TDS deducted 1. MSM Discovery Pvt. Ltd. 2630065 1305235 1324830 TDS- 38434 2. ESPN Software India

MUKESH MALHOTRA ,SHIMLA vs. INCOME TAX OFFICER , SHIMLA

In the result, appeal of the assessee is partly allowed

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

144/-only had fails to deduct tax on balance Rs. 37,25,543/- from the following parties: Sl. Name of the parties Total payment Balance on Amount of No. which TDS was not payment subject to TDS deducted 1. MSM Discovery Pvt. Ltd. 2630065 1305235 1324830 TDS- 38434 2. ESPN Software India

MUKESH MALHOTRA ,SHIMLA vs. INCOME TAX OFFICER , SHIMLA

In the result, appeal of the assessee is partly allowed

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

144/-only had fails to deduct tax on balance Rs. 37,25,543/- from the following parties: Sl. Name of the parties Total payment Balance on Amount of No. which TDS was not payment subject to TDS deducted 1. MSM Discovery Pvt. Ltd. 2630065 1305235 1324830 TDS- 38434 2. ESPN Software India