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)

6. Assessment Year Particulars 2010-11 (i) Administration expenses (ii) Miscellaneous expenses 2011-12 Allowed as claimed 2013-14 Miscellaneous income (cash discount earned) 2014-15 R&D expenses 2015-16 (i) R&D expenses (ii) Administration expenses (iii) Miscellaneous expenses 2016-17 (i) R&D expenses (ii) Miscellaneous expenses 2017-18 Allowed as claimed 2018-19 Allowed as claimed

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)

6. Assessment Year Particulars 2010-11 (i) Administration expenses (ii) Miscellaneous expenses 2011-12 Allowed as claimed 2013-14 Miscellaneous income (cash discount earned) 2014-15 R&D expenses 2015-16 (i) R&D expenses (ii) Administration expenses (iii) Miscellaneous expenses 2016-17 (i) R&D expenses (ii) Miscellaneous expenses 2017-18 Allowed as claimed 2018-19 Allowed as claimed

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)

6. Assessment Year Particulars 2010-11 (i) Administration expenses (ii) Miscellaneous expenses 2011-12 Allowed as claimed 2013-14 Miscellaneous income (cash discount earned) 2014-15 R&D expenses 2015-16 (i) R&D expenses (ii) Administration expenses (iii) Miscellaneous expenses 2016-17 (i) R&D expenses (ii) Miscellaneous expenses 2017-18 Allowed as claimed 2018-19 Allowed as claimed

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)

6. Assessment Year Particulars 2010-11 (i) Administration expenses (ii) Miscellaneous expenses 2011-12 Allowed as claimed 2013-14 Miscellaneous income (cash discount earned) 2014-15 R&D expenses 2015-16 (i) R&D expenses (ii) Administration expenses (iii) Miscellaneous expenses 2016-17 (i) R&D expenses (ii) Miscellaneous expenses 2017-18 Allowed as claimed 2018-19 Allowed as claimed

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)

6. Assessment Year Particulars 2010-11 (i) Administration expenses (ii) Miscellaneous expenses 2011-12 Allowed as claimed 2013-14 Miscellaneous income (cash discount earned) 2014-15 R&D expenses 2015-16 (i) R&D expenses (ii) Administration expenses (iii) Miscellaneous expenses 2016-17 (i) R&D expenses (ii) Miscellaneous expenses 2017-18 Allowed as claimed 2018-19 Allowed as claimed

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)

6. Assessment Year Particulars 2010-11 (i) Administration expenses (ii) Miscellaneous expenses 2011-12 Allowed as claimed 2013-14 Miscellaneous income (cash discount earned) 2014-15 R&D expenses 2015-16 (i) R&D expenses (ii) Administration expenses (iii) Miscellaneous expenses 2016-17 (i) R&D expenses (ii) Miscellaneous expenses 2017-18 Allowed as claimed 2018-19 Allowed as claimed

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)

6. Assessment Year Particulars 2010-11 (i) Administration expenses (ii) Miscellaneous expenses 2011-12 Allowed as claimed 2013-14 Miscellaneous income (cash discount earned) 2014-15 R&D expenses 2015-16 (i) R&D expenses (ii) Administration expenses (iii) Miscellaneous expenses 2016-17 (i) R&D expenses (ii) Miscellaneous expenses 2017-18 Allowed as claimed 2018-19 Allowed as claimed

SHIVA SPECIALITY YARNS LTD.,LUDHIANA vs. THE DY. COMMISSIONER OF INCOME TAX, CIRCLE-I, LUDHIANA

Appeal of the assessee is allowed for

Bench: Shri Rajpal Yadav & Shri Vikram Singh Yadav

270A of the Income Tax Act, 1961 on 23.03.2022 (Pg ) on the ground that assessee's return of loss was reduced after making additions of Rs.19,47,47,811/-, as per the provisions of section 80. The provisions of section 80 are concerned with carry forward of losses which the assessee has not claimed in the next years

WARYAM STEEL CASTINGS PRIVATE LIMITED,LUDHIANA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-4, LUDHIANA

In the result, appeal of the assessee is allowed and the Cross appeal of the Revenue is dismissed

Bench: SHRI. RAJPAL YADAV (Vice President), SHRI. KRINWANT SAHAY (Accountant Member)

270A, 271B, and 272A(1)(d) were initiated for under-reporting income, failure to file an audit report, and non-compliance with statutory notices, respectively. Interest under sections 234A, 234B, and 234C was also charged. 4. Against the order of the Ld. AO the assessee went in appeal before the Ld. CIT(A). The Ld. CIT(A) in the impugned

ASTT. COMMISSIONER OF INCOME TAX, CIRCLE-4, LUDHIANA, AAYAKAR BHAWAN vs. WARYAM STEEL CASTING PRIVATE LIMITED, KANGANWAL ROAD

In the result, appeal of the assessee is allowed and the Cross appeal of the Revenue is dismissed

Bench: SHRI. RAJPAL YADAV (Vice President), SHRI. KRINWANT SAHAY (Accountant Member)

270A, 271B, and 272A(1)(d) were initiated for under-reporting income, failure to file an audit report, and non-compliance with statutory notices, respectively. Interest under sections 234A, 234B, and 234C was also charged. 4. Against the order of the Ld. AO the assessee went in appeal before the Ld. CIT(A). The Ld. CIT(A) in the impugned

THE HP STATE CO-OPERATIVE MARKETING & CONSUMERS FEDERATION LIMITED,SHIMLA vs. DCIT, CIRCLE, SHIMLA

In the result, appeal of the Assessee is allowed for statistical purposes

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

6. On merits we find that the Ld. CIT(A) has sustained the levy of penalty under section 270A of the Act amounting to Rs. 13,75,802/- levied by the AO. In this case, the assessment proceedings were completed wherein disallowance

ACIT, CHANDIGARH vs. THE PUNJABI UNIVERSITY, PATIALA

In the result, appeal of the Revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Manoj Kumar Aggarwal

270A and he ultimately imposed a penalty of Rs.18,07,78,378/- which is 200% of the taxable income. A.Y.2018-19 3 4. On appeal, ld. CIT(A) has deleted the penalty. 5. With the assistance of ld. Representative, we have gone through the record carefully. It is pertinent to observe that as per Section 11 and 12 of the Income

KULDEEP SINGH,SAS NAGAR, PUNJAB vs. INCOME TAX OFFICER WARD-2(5), CHANDIGARH, CHANDIGARH

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

disallow expenditure proportionately out of agricultural income and your agricultural income will be reduced and treated as income from other source. You are once again requested to furnish detail of expenditure with documentary evidence as requisitioned vide questionnaire dated 26.8.2019 along with bills and vouchers". 8. That In response to this the assessee furnished reply dated 4.11.2019 which

FUJIYAMA POWER SYSTEMS,PARWANOO vs. ITO PARWANOO, PARWANOO

In the result, the appeal filed by the assessee is allowed, and the penalty of Rs

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

6,54,01,070/-. The assessment was completed under section 143(3) of the Act vide order dated 08.04.2021, whereby the total income was assessed at Rs. 11,72,22,004/- after making, inter alia, the following additions/disallowances: 2 (i) Addition of Rs. 2,55,000/- under section 68 of the Act on account of unsecured loan; (ii) Disallowance

SEEMA SALWAHAN,AMBALA CANTT. vs. INCOME TAX OFFICER, WARD-4, AMBALA CANTT

In the result, the appeal of the assessee is allowed

Bench: Shri Rajpal Yadav

disallowed the claim of assessee under Section 54F amounting to Rs.28,92,978/-. The AO has initiated a penalty under Section 270A of the Act. He imposed penalty of Rs.2,87,066/- being 50% of the tax on under reported income. 3. The appeal to the ld. CIT(A) did not bring any relief to the assessee because

BANUR BROTHER ,PATIALA vs. ITO-WARD-1, AMBALA

In the result appeal of the assessee is allowed as and by way of remand to Ld

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

270A of the Income Tax Act, 1961 for misreporting the income, and U/s 272A(1)(d) of the IT. Act for non compliance of notice sent to the assessee online electronically in E-proceedings facility through assessee's account in e- filing website of Income Tax Department.” 6. A bare and simple perusal of Ld. AO order clearly shows that

CT EDUCATIONAL SOCIETY,JALANDHAR vs. DCIT, CHANDIGARH

In the result, the appeal filed by the assessee is allowed for statistical purposes

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

6,00,000). The assessment was completed under section 143(3) read with section 144B. 3.1 The AO concluded that the assessee was existing for profit and functioning on commercial principles, leading to the denial of the benefit of exemption under Section 11 of the Income-tax Act. The original surplus of Rs. 8,35,76,594.11/- was consequently taxed

M/S UFV INDIA GLOBAL EDUCATION (SOCIETY),CHANDIGARH vs. DCIT, EXEMPTION CIRCLE-1, CHANDIGARH

In the result, appeal is allowed

Bench: Shri A.D. Jain & Shri Krinwant Sahayआयकर अपील सं./ Ita No. 516/Chd/2023 "नधा"रण वष" / Assessment Year : 2018-19 M/S Ufv India Global Vs. The Dcit Exemption, Circle-1, Education, बनाम Chandigarh Ggd Sanatan Dharma College, Ector 32-C, Chandigarh (U.T.) "थायी लेखा सं./Pan No: Aabcu7691M अपीलाथ"/ Appellant ""यथ"/ Repsondent ( Physical Hearing ) "नधा"रती क" ओर से/Assessee By : Shri Sudhir Sehgal, Advocate राज"व क" ओर से/ Revenue By : Smt. Kusum Bansal, Cit Dr सुनवाई क" तार"ख/Date Of Hearing : 13.08.2024 उदघोषणा क" तार"ख/Date Of Pronouncement : 20.09.2024

270A(9) of the Act whereas the claim made by the assessee was evident from its ITR and later voluntary disclosure made during the course of assessment proceedings. 516--Chd-2023 – M/s UFV India Global Education, Chandigarh 3 2. During the proceedings before us, ld. Counsel for the Assessee has filed a brief synopsis bringing out the chronology of events