ASSTT.COMMISSIONER OF INCOME TAX, LUDHIANA vs. M/S MRS.BECTORS FOOD SPECILTIES LTD, LUDHIANA

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

disallowance u/s 14A rw rule 8D for A.Y. 2008-09 onwards. Reliance is place on following decision. Hon'ble Punjab & Haryana High Court decision in the case of Punjab Tractors Ltd vs CIT ITA No. 458 of 2015 dated 03/02/2017 for A.Y. 2008-09. The relevant extract of the decision is as under: "2. The appeal is admitted

ASSTT.COMMISSIONER OF INCOME TAX, LUDHIANA vs. M/S MRS.BECTORS FOOD SPECILTIES LTD, LUDHIANA

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

disallowance u/s 14A rw rule 8D for A.Y. 2008-09 onwards. Reliance is place on following decision. Hon'ble Punjab & Haryana High Court decision in the case of Punjab Tractors Ltd vs CIT ITA No. 458 of 2015 dated 03/02/2017 for A.Y. 2008-09. The relevant extract of the decision is as under: "2. The appeal is admitted

ACIT, LUDHIANA vs. M/S MRS. BECTORS FOOD SPECIALTIES PVT. LTD., LUDHIANA

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

disallowance u/s 14A rw rule 8D for A.Y. 2008-09 onwards. Reliance is place on following decision. Hon'ble Punjab & Haryana High Court decision in the case of Punjab Tractors Ltd vs CIT ITA No. 458 of 2015 dated 03/02/2017 for A.Y. 2008-09. The relevant extract of the decision is as under: "2. The appeal is admitted

ASSTT.COMMISSIONER OF INCOME TAX, LUDHIANA vs. M/S MRS.BECTORS FOOD SPECILTIES LTD, LUDHIANA

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

disallowance u/s 14A rw rule 8D for A.Y. 2008-09 onwards. Reliance is place on following decision. Hon'ble Punjab & Haryana High Court decision in the case of Punjab Tractors Ltd vs CIT ITA No. 458 of 2015 dated 03/02/2017 for A.Y. 2008-09. The relevant extract of the decision is as under: "2. The appeal is admitted

ASSTT.COMMISSIONER OF INCOME TAX, LUDHIANA vs. M/S MRS.BECTORS FOOD SPECILTIES LTD, LUDHIANA

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

disallowance u/s 14A rw rule 8D for A.Y. 2008-09 onwards. Reliance is place on following decision. Hon'ble Punjab & Haryana High Court decision in the case of Punjab Tractors Ltd vs CIT ITA No. 458 of 2015 dated 03/02/2017 for A.Y. 2008-09. The relevant extract of the decision is as under: "2. The appeal is admitted

ASSTT.COMMISSIONER OF INCOME TAX, LUDHIANA vs. M/S MRS.BECTORS FOOD SPECILTIES LTD, LUDHIANA

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

disallowance u/s 14A rw rule 8D for A.Y. 2008-09 onwards. Reliance is place on following decision. Hon'ble Punjab & Haryana High Court decision in the case of Punjab Tractors Ltd vs CIT ITA No. 458 of 2015 dated 03/02/2017 for A.Y. 2008-09. The relevant extract of the decision is as under: "2. The appeal is admitted

M/S IOL CHEMICALS AND PHARMACEUTICALS LTD.,LUDHIANA vs. ADDL. CIT, R-I, LUDHIANA

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

section 41 (1). Accordingly the disallowance on account of cessation of liability in the section 41(1) is upheld. These

SURESH KUMAR YOGINDER KUMAR, TIMBER MARKET 2692-1-2 ,AMBALA CANTT vs. NFAC DELHI JURISDITIONAL OFFICER ITO WARD 4 AMBALA, AMBALA

In the result, appeal of the Assessee is partly allowed

section 142(1) of the Act were issued on\n27/01/2020 and 12/02/2021 through email / e filing portal.\n2.6\nThe notice were duly served on the assessee's registered email id.\n2.7\nThat in response to above notice(s), the assessee has uploaded copy of ITR,\ncomputation of income, P&L Account, Balance Sheet other requisite documents\nthrough e-proceedings

ITO, W-2, BARNALA vs. THE TRUCK OPERATOR UNION, BARNALA

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

Bench: Smt.Diva Singh & Shri Vikram Singh Yadavthe Ito बनाम The Truck Operator Union, Ward-2, Barnala Dhanaula Road, Barnala "थायी लेखा सं./Pan No: Aaaat6497M

disallow the deduction claimed as expenditure in respect of which payment is not made by crossed cheque or crossed bank draft. The payment by crossed cheque or crossed bank draft is insisted on to enable the assessing authority to ascertain whether the payment was genuine or whether it was out of the income from undisclosed sources, The terms

EASTMAN INTERNATIONAL,LUDHIANA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1, LUDHIANA

In the result, appeal of the Assessee is allowed

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

disallow the deduction but increased the taxable income by the additions under Sections 68 and 41(1). The Ld. CIT(A) dismissed

RAMJEE CONCRETES PVT.LTD.,MOHALI vs. ITO-WARD-6(3), CHANDIGARH

The appeals are disposed of in the aforesaid terms

Bench: Shri N.K. Saini & Shri Sudhanshu Srivastavaआयकर अपील सं./ Ita No. 205/Chd/2021 "नधा"रण वष" / Assessment Year : 2019-20 Ramjee Concretes Private Limited, The Ito, बनाम #1238.Sector 91, Ward 6(3), Mohali, Punjab Chandigarh "थायी लेखा सं./Pan No: Aafcr9457E अपीलाथ"/Appellant ""यथ"/Respondent

disallowable expenditure under Section 40(a)(ii) of the IT Act. Ms. Linhares was unable to state whether the Revenue has appealed this decision. Mr. Ramani, learned Senior Advocate submitted that his research did not suggest that any appeal was instituted by the Revenue against this decision, which is directly on the point and favours the Assessee. 31. Mr. Ramani

IND SWIFT LABORATORIES LTD.,CHANDIGARH vs. DCIT, CIRCLE 1(1), CHANDIGARH

In the result, the appeal is allowed, as indicated

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

41,81,599/- as principal ignoring the fact that out of the total disallowance, the amount of Rs.25,85,31,574/- is the amount of principal and the balance amount of Rs.2,56,50,025/- is the interest portion which has already been disallowed separately by the AO. 2. Ground Number 1 is general. 3. So far as regards Ground

NAHAR CAPITAL AND FINANCIAL SERVICES LTD.,LUDHIANA vs. ACIT, C-7, LUDHIANA

The appeal of the assessee is allowed

Bench: Smt. Diva Singh & Shri B.R.R. Kumarassessment Year: 2012-13

41,270/- under the regular provisions and Rs. 55,83,733/- under 115JB provisions in its return one proportionate basis. 5. The Assessing Officer held that the disallowance worked out by the assessee was not correct and enhanced the disallowance at Rs. 1,95,55,565/- following provisions of Section

ACIT,CIRCLE-1, LUDHIANA vs. M/S VARDHMAN TEXTILES LTD., LUDHIANA

In the result, appeals of the Assessee are partly allowed whereas the Cross appeals of the Revenue are dismissed

Bench: SHRI. AAKASH DEEP JAIN (Vice President), SHRI. SHRI. KRINWANT SAHAY (Accountant Member)

41(1)(a) of the Act; that it is, therefore, eligible for deduction under section 80IB ; and that otherwise also, since the payment of excise duty is directly linked with the manufacturing of goods, refund of excise duty has to be treated as income derived from eligible business as provided under section 80IB. 4.10 We do not find any variance

M/S VARDHMAN TEXTILES LIMITED,LUDHIANA vs. DCIT, C-1, LUDHIANA

In the result, appeals of the Assessee are partly allowed whereas the Cross appeals of the Revenue are dismissed

Bench: SHRI. AAKASH DEEP JAIN (Vice President), SHRI. SHRI. KRINWANT SAHAY (Accountant Member)

41(1)(a) of the Act; that it is, therefore, eligible for deduction under section 80IB ; and that otherwise also, since the payment of excise duty is directly linked with the manufacturing of goods, refund of excise duty has to be treated as income derived from eligible business as provided under section 80IB. 4.10 We do not find any variance

DCIT, C-1, LUDHIANA vs. M/S VARDHMAN TEXTILES LIMITED, LUDHIANA

In the result, appeals of the Assessee are partly allowed whereas the Cross appeals of the Revenue are dismissed

Bench: SHRI. AAKASH DEEP JAIN (Vice President), SHRI. SHRI. KRINWANT SAHAY (Accountant Member)

41(1)(a) of the Act; that it is, therefore, eligible for deduction under section 80IB ; and that otherwise also, since the payment of excise duty is directly linked with the manufacturing of goods, refund of excise duty has to be treated as income derived from eligible business as provided under section 80IB. 4.10 We do not find any variance

M/S VARDHMAN TEXTILES LIMITED,LUDHIANA vs. ACIT, C-1, LUDHIANA

In the result, appeals of the Assessee are partly allowed whereas the Cross appeals of the Revenue are dismissed

Bench: SHRI. AAKASH DEEP JAIN (Vice President), SHRI. SHRI. KRINWANT SAHAY (Accountant Member)

41(1)(a) of the Act; that it is, therefore, eligible for deduction under section 80IB ; and that otherwise also, since the payment of excise duty is directly linked with the manufacturing of goods, refund of excise duty has to be treated as income derived from eligible business as provided under section 80IB. 4.10 We do not find any variance

VARDHMAN TEXTILES LIMITED,LUDHIANA vs. ACIT-CIRCLE-1, LUDHIANA

In the result, appeals of the Assessee are partly allowed whereas the Cross appeals of the Revenue are dismissed

Bench: SHRI. AAKASH DEEP JAIN (Vice President), SHRI. SHRI. KRINWANT SAHAY (Accountant Member)

41(1)(a) of the Act; that it is, therefore, eligible for deduction under section 80IB ; and that otherwise also, since the payment of excise duty is directly linked with the manufacturing of goods, refund of excise duty has to be treated as income derived from eligible business as provided under section 80IB. 4.10 We do not find any variance