CHANDIGARH HOUSING BOARD,CHANDIGARH vs. DCIT, C-1(1), CHANDIGARH

In the result, the Appeal of assessee is partly allowed

Bench: SHRI KRINWANT SAHAY, ACCOUNTANT MEMBER ANDSHRI PARESH M. JOSHI (Judicial Member)

202/- on a/c of disallowance of expenditure/deduction claimed by the assessee under the head interest payment to MOF, GOI and Chandigarh Administration as it is clearly a diversion of income having no under line business use/commercial expediency. (ii) Addition of Rs. 4,21,345/- on account of expense of Income Tax on perk values as per provision of section

CHANDIGARH HOUSING BOARD,CHANDIGARH vs. PR.CIT-1, CHANDIGARH

In the result, the Appeal of assessee is partly allowed

Bench: SHRI KRINWANT SAHAY, ACCOUNTANT MEMBER ANDSHRI PARESH M. JOSHI (Judicial Member)

202/- on a/c of disallowance of expenditure/deduction claimed by the assessee under the head interest payment to MOF, GOI and Chandigarh Administration as it is clearly a diversion of income having no under line business use/commercial expediency. (ii) Addition of Rs. 4,21,345/- on account of expense of Income Tax on perk values as per provision of section

AMAN THUKRAL,LUDHIANA vs. INCOME TAX OFFICER WARD 2(1), LUDHIANA , LUDHIANA

Accordingly, Additional Ground No. 1 is allowed for statistical

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

section 40A(3) are not applicable in the case of appellant. 7. That the Ld. CIT(A), NFAC, Delhi has failed to appreciate that the Ld. AO has wrongly disallowed a sum of Rs. 67,500 being 1/3rd of car expenses of Rs. 202

M/S MANAV MANGAL SOCIETY,CHANDIGARH vs. DCIT, C-1, (E), CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

disallowed by the AO have in fact been found to be actively engaged in rendering their respective services as is proved from the fact that during the course of survey on the assessee and the post survey enquiries, ail these parties have given their statements vis- a- vi s the salary being drawn by them from the Society

DCIT, C-1, (E), CHANDIGARH vs. M/S MANAV MANGAL SOCIETY, CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

disallowed by the AO have in fact been found to be actively engaged in rendering their respective services as is proved from the fact that during the course of survey on the assessee and the post survey enquiries, ail these parties have given their statements vis- a- vi s the salary being drawn by them from the Society

DCIT, C-1, (E), CHANDIGARH vs. M/S MANAV MANGAL SOCIETY, CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

disallowed by the AO have in fact been found to be actively engaged in rendering their respective services as is proved from the fact that during the course of survey on the assessee and the post survey enquiries, ail these parties have given their statements vis- a- vi s the salary being drawn by them from the Society

DCIT,CIRCLE-1(EXEMPTION), CHANDIGARH vs. M/S MANAV MANGAL SCHOOL( MANAV MANGAL SOCIETY), CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

disallowed by the AO have in fact been found to be actively engaged in rendering their respective services as is proved from the fact that during the course of survey on the assessee and the post survey enquiries, ail these parties have given their statements vis- a- vi s the salary being drawn by them from the Society

DCIT, C-1, (E), CHANDIGARH vs. M/S MANAV MANGAL SOCIETY, CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

disallowed by the AO have in fact been found to be actively engaged in rendering their respective services as is proved from the fact that during the course of survey on the assessee and the post survey enquiries, ail these parties have given their statements vis- a- vi s the salary being drawn by them from the Society

DCIT, C-1, (E), CHANDIGARH vs. M/S MANAV MANGAL SOCIETY, CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

disallowed by the AO have in fact been found to be actively engaged in rendering their respective services as is proved from the fact that during the course of survey on the assessee and the post survey enquiries, ail these parties have given their statements vis- a- vi s the salary being drawn by them from the Society

M/S MANAV MANGAL SOCIETY,CHANDIGARH vs. DCIT, C-1, (E), CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

disallowed by the AO have in fact been found to be actively engaged in rendering their respective services as is proved from the fact that during the course of survey on the assessee and the post survey enquiries, ail these parties have given their statements vis- a- vi s the salary being drawn by them from the Society

DCIT, C-1, (E), CHANDIGARH vs. M/S MANAV MANGAL SOCIETY, CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

disallowed by the AO have in fact been found to be actively engaged in rendering their respective services as is proved from the fact that during the course of survey on the assessee and the post survey enquiries, ail these parties have given their statements vis- a- vi s the salary being drawn by them from the Society

ACIT, CIRCLE, PANCHKULA vs. M/S JANAK GLOBAL RESOURCES PVT. LTD., PANCHKULA

In the result, the appeal of the Revenue is dismissed

202 ITR 997 held that a precedent is an authority only for what it actually decides and not for what may remotely or even logically follow from it. Having said so we find that in the case of Avon Cycles Ltd. (supra) the issue was relating to disallowance of expenditure u/s 14A of the Act. The Hon'ble Apex Court

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

202-03 and similar issue for the other years of the assessee is allowed. 7. Issue No. 2 : Allocation Expenses under section 14A: A.Y. 2002-03 Ground No. 3 of the Revenue’s Appeal Ground No. 7 of the Assessee’s Appeal A.Y. 2003-04 Ground No. 1 of the Revenue’s Appeal A.Y. 2004-05 Ground

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

202-03 and similar issue for the other years of the assessee is allowed. 7. Issue No. 2 : Allocation Expenses under section 14A: A.Y. 2002-03 Ground No. 3 of the Revenue’s Appeal Ground No. 7 of the Assessee’s Appeal A.Y. 2003-04 Ground No. 1 of the Revenue’s Appeal A.Y. 2004-05 Ground

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

202-03 and similar issue for the other years of the assessee is allowed. 7. Issue No. 2 : Allocation Expenses under section 14A: A.Y. 2002-03 Ground No. 3 of the Revenue’s Appeal Ground No. 7 of the Assessee’s Appeal A.Y. 2003-04 Ground No. 1 of the Revenue’s Appeal A.Y. 2004-05 Ground

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

202-03 and similar issue for the other years of the assessee is allowed. 7. Issue No. 2 : Allocation Expenses under section 14A: A.Y. 2002-03 Ground No. 3 of the Revenue’s Appeal Ground No. 7 of the Assessee’s Appeal A.Y. 2003-04 Ground No. 1 of the Revenue’s Appeal A.Y. 2004-05 Ground

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

202-03 and similar issue for the other years of the assessee is allowed. 7. Issue No. 2 : Allocation Expenses under section 14A: A.Y. 2002-03 Ground No. 3 of the Revenue’s Appeal Ground No. 7 of the Assessee’s Appeal A.Y. 2003-04 Ground No. 1 of the Revenue’s Appeal A.Y. 2004-05 Ground

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

202-03 and similar issue for the other years of the assessee is allowed. 7. Issue No. 2 : Allocation Expenses under section 14A: A.Y. 2002-03 Ground No. 3 of the Revenue’s Appeal Ground No. 7 of the Assessee’s Appeal A.Y. 2003-04 Ground No. 1 of the Revenue’s Appeal A.Y. 2004-05 Ground