DCIT, CHANDIGARH vs. SH. KULWANT SINGH, MOHALI

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumar

69 C or section 69D, the penalty provisions of section 271AAC comes into operation which ITA Nos.41 to 44, 387, 45 to 54/Chd/17 & CO 16-to 30-Chd-2018- Shri Kulwant Singh & Others, Mohali 31 provides that if such an income is suo moto declared by the assessee in his return, then no penalty is leviable

DCIT, CHANDIGARH vs. SH. KULWANT SINGH, MOHALI

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumar

69 C or section 69D, the penalty provisions of section 271AAC comes into operation which ITA Nos.41 to 44, 387, 45 to 54/Chd/17 & CO 16-to 30-Chd-2018- Shri Kulwant Singh & Others, Mohali 31 provides that if such an income is suo moto declared by the assessee in his return, then no penalty is leviable

DCIT, CHANDIGARH vs. SMT. MANJIT KAUR, CHANDIGARH

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumar

69 C or section 69D, the penalty provisions of section 271AAC comes into operation which ITA Nos.41 to 44, 387, 45 to 54/Chd/17 & CO 16-to 30-Chd-2018- Shri Kulwant Singh & Others, Mohali 31 provides that if such an income is suo moto declared by the assessee in his return, then no penalty is leviable

DCIT, CHANDIGARH vs. SH. PARAMJIT SINGH, MOHALI

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumar

69 C or section 69D, the penalty provisions of section 271AAC comes into operation which ITA Nos.41 to 44, 387, 45 to 54/Chd/17 & CO 16-to 30-Chd-2018- Shri Kulwant Singh & Others, Mohali 31 provides that if such an income is suo moto declared by the assessee in his return, then no penalty is leviable

DCIT, CHANDIGARH vs. SH. PARAMJIT SINGH, MOHALI

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumar

69 C or section 69D, the penalty provisions of section 271AAC comes into operation which ITA Nos.41 to 44, 387, 45 to 54/Chd/17 & CO 16-to 30-Chd-2018- Shri Kulwant Singh & Others, Mohali 31 provides that if such an income is suo moto declared by the assessee in his return, then no penalty is leviable

DCIT, CHANDIGARH vs. SMT. JASWANT KAUR, MOHALI

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumar

69 C or section 69D, the penalty provisions of section 271AAC comes into operation which ITA Nos.41 to 44, 387, 45 to 54/Chd/17 & CO 16-to 30-Chd-2018- Shri Kulwant Singh & Others, Mohali 31 provides that if such an income is suo moto declared by the assessee in his return, then no penalty is leviable

DCIT, CHANDIGARH vs. SMT. JASWANT KAUR, MOHALI

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumar

69 C or section 69D, the penalty provisions of section 271AAC comes into operation which ITA Nos.41 to 44, 387, 45 to 54/Chd/17 & CO 16-to 30-Chd-2018- Shri Kulwant Singh & Others, Mohali 31 provides that if such an income is suo moto declared by the assessee in his return, then no penalty is leviable

VARDHMAN SPECIAL STEELS LTD.,LUDHIANA vs. DCIT, CIRCLE-1, LUDHIANA

disallowance, along with Rs.\n1,78,314/-under Section 14A, to the revised returned income of\nRs.14,69,49,564/-, resulting

BANGA HOSPITALS PRIVATE LIMITED,MANDI vs. ITO, MANDI

In the result, appeal of the Assessee is partly allowed

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

disallowed under section 69 of the Act. 14. In the result, appeal of the Assessee is partly allowed. Order pronounced

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

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

Section 36(1) (iii). In para 4 the AO made disallowance of interest u/s 14A at Rs. 141510213/- , in para 6 made disallowance of interest u/s 36(1)(iii) at Rs. 40,22,065/- on account of outstanding debit balances from M/s Hero Exports Pvt. Ltd. and M/s Hero Motors Ltd. and further in para 7 made disallowance

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

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

69,92,552/- of the group. 7. The small scale industries as per section 80IB(2)(iii) should not produce any article or thing specified in the list in the Eleventh Schedule of the Act. As per list, six of the Eleventh Schedule it prohibits manufacturing of confectionary and chocolates. The manufacturing of buns is part of confectionary items. Therefore

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

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

69,92,552/- of the group. 7. The small scale industries as per section 80IB(2)(iii) should not produce any article or thing specified in the list in the Eleventh Schedule of the Act. As per list, six of the Eleventh Schedule it prohibits manufacturing of confectionary and chocolates. The manufacturing of buns is part of confectionary items. Therefore

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

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

69,92,552/- of the group. 7. The small scale industries as per section 80IB(2)(iii) should not produce any article or thing specified in the list in the Eleventh Schedule of the Act. As per list, six of the Eleventh Schedule it prohibits manufacturing of confectionary and chocolates. The manufacturing of buns is part of confectionary items. Therefore

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

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

69,92,552/- of the group. 7. The small scale industries as per section 80IB(2)(iii) should not produce any article or thing specified in the list in the Eleventh Schedule of the Act. As per list, six of the Eleventh Schedule it prohibits manufacturing of confectionary and chocolates. The manufacturing of buns is part of confectionary items. Therefore

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

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

69,92,552/- of the group. 7. The small scale industries as per section 80IB(2)(iii) should not produce any article or thing specified in the list in the Eleventh Schedule of the Act. As per list, six of the Eleventh Schedule it prohibits manufacturing of confectionary and chocolates. The manufacturing of buns is part of confectionary items. Therefore

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

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

69,92,552/- of the group. 7. The small scale industries as per section 80IB(2)(iii) should not produce any article or thing specified in the list in the Eleventh Schedule of the Act. As per list, six of the Eleventh Schedule it prohibits manufacturing of confectionary and chocolates. The manufacturing of buns is part of confectionary items. Therefore

SH. GURINDER MAKKAR,LUDHIANA vs. DCIT, CC-3, LUDHIANA

In the result, the appeal of the assessee is disposed off in light of aforesaid directions

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

section 32 r.w.s 43(1) of the Act. 4. Being aggrieved, the assessee carried the matter in appeal before the Ld. CIT(A) who has since sustained the said findings of the AO. 5. Against the said findings and the direction of the Ld. CIT(A), the assessee is in appeal before us. 6. During the course of hearing

JASVIR SINGH CHANDI,PATIALA PUNJAB vs. ACIT CIRCLE PATIALA, PUNJAB, PATIALA PUNJAB

In the result, the appeal of the assessee is allowed

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

disallowing the business expenses totaling Rs. 95,706/- out of business expenses admittedly incurred during the year. The addition of equal amount made to the returned income deserves to be deleted.” 3. Briefly the facts of the case are that survey operations under section 133A were carried out at the business premises of the assessee on 23/08/2016 and during

ACIT, CIRCLE, PANCHKULA vs. M/S HARYANA VIDYUT PRASARAN NIGAM LTD., PANCHKULA

In the result, we upheld the

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

disallowance made by the AO under section 14A amounting to Rs. 77,57,69,043/-. 11. From the perusal of the records