SHOBHA SHARMA,SIRSA vs. ITO-WARD-3, SIRSA

In the result, appeal of the assessee is allowed

1) of section 139 of the Income Tax Act, 1961 ( due date of filing return 31.07.2011) but the assessee has deposited the amount in capital gain account on 17.09.2011 i.e after the due date of filing of return. 4.3 The A.O. asked the assessee to give the reasons for claiming entire capital gain as exempt. In response the assessee submitted

ACIT, CIRCLE 1(1), CHANDIGARH vs. M/S SML ISUZU LTD., CHANDIGARH

Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)

Disallowance of rs. 62,15,000/- in terms of Section 36(1)(vii) of the Act. Basis section 147 the Department / Revenue contends that a mere perusal of Section 147 reveal that there is no reference or mention explicity or impliedly to a new tangible information as claimed by the assessee to the effect that there must

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)

256 1,023,622 5,793,878 TOTAL 2,77,90,068 11373255 39,163,323 Misc. Expenses Ludhiana (37%) Haridwar (63%) Consolidated Legal, Prof & 5048D37 8595305 13643342 Consultation Charges Gen Admin Exp 3671861 6252087 9923948 Gen Exp Others 1797157 3060025 4857182 Domestic Traveling & 1829640 3115333 4944973 Convey-other Foreign Traveling exp-others 2143735 3650143 5793878 TOTAL 1

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)

256 1,023,622 5,793,878 TOTAL 2,77,90,068 11373255 39,163,323 Misc. Expenses Ludhiana (37%) Haridwar (63%) Consolidated Legal, Prof & 5048D37 8595305 13643342 Consultation Charges Gen Admin Exp 3671861 6252087 9923948 Gen Exp Others 1797157 3060025 4857182 Domestic Traveling & 1829640 3115333 4944973 Convey-other Foreign Traveling exp-others 2143735 3650143 5793878 TOTAL 1

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)

256 1,023,622 5,793,878 TOTAL 2,77,90,068 11373255 39,163,323 Misc. Expenses Ludhiana (37%) Haridwar (63%) Consolidated Legal, Prof & 5048D37 8595305 13643342 Consultation Charges Gen Admin Exp 3671861 6252087 9923948 Gen Exp Others 1797157 3060025 4857182 Domestic Traveling & 1829640 3115333 4944973 Convey-other Foreign Traveling exp-others 2143735 3650143 5793878 TOTAL 1

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)

256 1,023,622 5,793,878 TOTAL 2,77,90,068 11373255 39,163,323 Misc. Expenses Ludhiana (37%) Haridwar (63%) Consolidated Legal, Prof & 5048D37 8595305 13643342 Consultation Charges Gen Admin Exp 3671861 6252087 9923948 Gen Exp Others 1797157 3060025 4857182 Domestic Traveling & 1829640 3115333 4944973 Convey-other Foreign Traveling exp-others 2143735 3650143 5793878 TOTAL 1

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)

256 1,023,622 5,793,878 TOTAL 2,77,90,068 11373255 39,163,323 Misc. Expenses Ludhiana (37%) Haridwar (63%) Consolidated Legal, Prof & 5048D37 8595305 13643342 Consultation Charges Gen Admin Exp 3671861 6252087 9923948 Gen Exp Others 1797157 3060025 4857182 Domestic Traveling & 1829640 3115333 4944973 Convey-other Foreign Traveling exp-others 2143735 3650143 5793878 TOTAL 1

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)

256 1,023,622 5,793,878 TOTAL 2,77,90,068 11373255 39,163,323 Misc. Expenses Ludhiana (37%) Haridwar (63%) Consolidated Legal, Prof & 5048D37 8595305 13643342 Consultation Charges Gen Admin Exp 3671861 6252087 9923948 Gen Exp Others 1797157 3060025 4857182 Domestic Traveling & 1829640 3115333 4944973 Convey-other Foreign Traveling exp-others 2143735 3650143 5793878 TOTAL 1

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)

256 1,023,622 5,793,878 TOTAL 2,77,90,068 11373255 39,163,323 Misc. Expenses Ludhiana (37%) Haridwar (63%) Consolidated Legal, Prof & 5048D37 8595305 13643342 Consultation Charges Gen Admin Exp 3671861 6252087 9923948 Gen Exp Others 1797157 3060025 4857182 Domestic Traveling & 1829640 3115333 4944973 Convey-other Foreign Traveling exp-others 2143735 3650143 5793878 TOTAL 1

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)

256 1,023,622 5,793,878 TOTAL 2,77,90,068 11373255 39,163,323 Misc. Expenses Ludhiana (37%) Haridwar (63%) Consolidated Legal, Prof & 5048D37 8595305 13643342 Consultation Charges Gen Admin Exp 3671861 6252087 9923948 Gen Exp Others 1797157 3060025 4857182 Domestic Traveling & 1829640 3115333 4944973 Convey-other Foreign Traveling exp-others 2143735 3650143 5793878 TOTAL 1

KARNAIL SINGH,UK vs. JCIT (OSD) INTL. TAXATION, CIRCLE, CHANDIGARH

In the result, all the appeals of the assessee stands allowed

disallowed. It was submitted that non acceptance of the taxable amount does not means that the assessee has concealed particulars of his income or furnished inaccurate particulars of his income. It was submitted that during the course of assessment proceedings, all details as directed by the AO were filed reflecting the true nature and character of income and there

KARNAIL SINGH,UK vs. JCIT (OSD) INTL. TAXATION, CIRCLE, CHANDIGARH

In the result, all the appeals of the assessee stands allowed

disallowed. It was submitted that non acceptance of the taxable amount does not means that the assessee has concealed particulars of his income or furnished inaccurate particulars of his income. It was submitted that during the course of assessment proceedings, all details as directed by the AO were filed reflecting the true nature and character of income and there

KARNAIL SINGH,UK vs. JCIT (OSD) INTL. TAXATION, CIRCLE, CHANDIGARH

In the result, all the appeals of the assessee stands allowed

disallowed. It was submitted that non acceptance of the taxable amount does not means that the assessee has concealed particulars of his income or furnished inaccurate particulars of his income. It was submitted that during the course of assessment proceedings, all details as directed by the AO were filed reflecting the true nature and character of income and there

KARNAIL SINGH,UK vs. JCIT (OSD) INTL. TAXATION, CIRCLE, CHANDIGARH

In the result, all the appeals of the assessee stands allowed

disallowed. It was submitted that non acceptance of the taxable amount does not means that the assessee has concealed particulars of his income or furnished inaccurate particulars of his income. It was submitted that during the course of assessment proceedings, all details as directed by the AO were filed reflecting the true nature and character of income and there

KARNAIL SINGH,UK vs. JCIT (OSD) INTL. TAXATION, CIRCLE, CHANDIGARH

In the result, all the appeals of the assessee stands allowed

disallowed. It was submitted that non acceptance of the taxable amount does not means that the assessee has concealed particulars of his income or furnished inaccurate particulars of his income. It was submitted that during the course of assessment proceedings, all details as directed by the AO were filed reflecting the true nature and character of income and there

KARNAIL SINGH,UK vs. JCIT (OSD) INTL. TAXATION, CIRCLE, CHANDIGARH

In the result, all the appeals of the assessee stands allowed

disallowed. It was submitted that non acceptance of the taxable amount does not means that the assessee has concealed particulars of his income or furnished inaccurate particulars of his income. It was submitted that during the course of assessment proceedings, all details as directed by the AO were filed reflecting the true nature and character of income and there

DCIT, C-1(1) , CHANDIGARH vs. M/S FIDELITY INFORMATION SERVICES INDIA PVT. LTD., CHANDIGARH

In the result, the cross-objection filed by the assessee is dismissed

Bench: SHRI. AAKASH DEEP JAIN (Vice President), SHRI. VIKRAM SINGH YADAV (Accountant Member)

256/- New Service DRP allowed the claim of The Hon’ble agreement dated foreign travelling Chandigarh Bench of May 12, 2007 with expenditure in favour of the Tribunal vide order Fidelity the Respondent by dated May 30, 2019 Information directing the AO to allow directed to delete Services Inc. USA the claim after verifying disallowance of and dated whether foreign

M/S GLAXOSMITHKLINE ASIA PVT. LTD.,GURGAON vs. DCIT, CHANDIGARH

In the result, the appeal of the assessee is partly allowed

section 37(1) of the Act, even if it results in a direct or incidental benefit to a third party. Reliance is placed on the following decisions: ITA No.2453/Del/2016 A.Y. 2005-06 & ITA No.532/Del/2014 A.Y. 2006-07 19 • Sassoon J. David

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

1) of the Act. Later on the case was selected for scrutiny. The A.O. during the course of assessment proceedings noticed that the assessee earned dividend income of Rs.9,19,28,102/- and LTCG taxable Rs. 7,59,39,798/- and Rs.6,06,39,256/- which were claimed exempt under section 10(38) of the Act and that the assessee