DCIT, C-V, LUDHIANA vs. M/S HERO CYCLES LTD., LUDHIANA
In the result, appeal of the Department is dismissed and the appeal of the assessee is allowed
ITA 588/CHANDI/2018[2012-13]Status: DisposedITAT Chandigarh08 Sept 2025AY 2012-13
Bench: SHRI. RAJPAL YADAV (Vice President), SHRI. KRINWANT SAHAY, AM आयकर अपील सं. / ITA No. 588/Chd/2018 निर्धारण वर्ष / Assessment Years : 2012-13 The DCIT C-V, Ludhiana बनाम M/s Hero Cycles Ltd. Hero Nagar, G.T. Road Ludhiana स्थायी लेखा सं./PAN NO: AAACH4073P अपीलार्थी/Appellant प्रत्यर्थी / Respondent आयकर अपील सं. / ITA No. 473/Chd/2018 निर्धारण वर्ष / Assessment Years : 2012-13 M/s Hero Cycles Ltd. Hero Nagar, G.T. Road Ludhiana बनाम The ACIT C-V, Ludhiana स्थायी लेखा सं./PAN NO: AAACH4073P
For Appellant: Shri Ashwani Kumar, Shri Ashish Aggarwal &For Respondent: Shri Manav Bansal, CIT, DR
Section 10(38)Section 143(1)Section 14ASection 36(1)(iii)
26. In ground no.1 the grievance of the assessee relates that CIT(A)-2
while deleting the disallowance made by the AO u/s 14A/Rule 8D has erred in not deleting the disallowance wrongly made suo-moto by the appellant amounting to Rs. 3,97,31,691/- in the computation of income.
26.1 The Ld. AR submitted that during assessment proceedings
