ITO, WARD, PALAMPUR vs. THE KANGRA CENTRAL COOPERATIVE BANK LIMITED, KANGRA

In the result, appeal of the Department is partly allowed for statistical purposes

Bench: Us Is Filed Under Section 253 Of The Income Tax Act, As Amended From Time To Time. The Respondent Is A Cooperative Bank.

disallowance under Section 14A of the Income Tax Act, 1961 read with Rule 8D of the Income Tax Rules, 1962 is legally sustainable in the wake of clarificatory Explanation, inserted by the Finance Act, 2022, to be read in to the main provision and applicable w.e.f. the date the main provision was inserted? vii), It is prayed that the order

M/S BARNALA BUILDERS AND CONSULTANT,ZIRAKPUR vs. DCIT/ACIT (CEN)-1, CHANDIGARH

In the result, the appeal of the assessee is dismissed

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

79,00,220/- on 06/10/2018. The return was processed by the CPC and order under section 143(1) dt. 19/11/2019 was passed wherein the disallowance

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)

disallowance is warranted under section 14A of the Act on the ground that separate account were not maintained by the assessee for investment and other expenditure incurred for earning tax free investment. 14.6 Then, the assessee itself allocated an amount of Rs. 9,79

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)

disallowance is warranted under section 14A of the Act on the ground that separate account were not maintained by the assessee for investment and other expenditure incurred for earning tax free investment. 14.6 Then, the assessee itself allocated an amount of Rs. 9,79

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)

disallowance is warranted under section 14A of the Act on the ground that separate account were not maintained by the assessee for investment and other expenditure incurred for earning tax free investment. 14.6 Then, the assessee itself allocated an amount of Rs. 9,79

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)

disallowance is warranted under section 14A of the Act on the ground that separate account were not maintained by the assessee for investment and other expenditure incurred for earning tax free investment. 14.6 Then, the assessee itself allocated an amount of Rs. 9,79

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)

disallowance is warranted under section 14A of the Act on the ground that separate account were not maintained by the assessee for investment and other expenditure incurred for earning tax free investment. 14.6 Then, the assessee itself allocated an amount of Rs. 9,79

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)

section 143(3) r.w.s 147 of the Act vide order dt. 31/12/2023 wherein the reassessed income was determined at Rs. 2,54,79,04,707/- as against original assessed income of Rs. 1,56,95,34,890/-. The assessee thereafter carried the matter in appeal before the Ld. CIT(A) who has since deleted the said addition and against

M/S METALMAN AUTO PVT. LTD.,LUDHIANA vs. ADDL. CIT, LUDHIANA

In the result, the appeal of the assessee is allowed

Bench: Shri Sanjay Garg & Ms. Annapurna Guptam/S Metalman Auto Pvt. Ltd., Vs. The Addl.C.I.T., E-127, Phase-V, Range-1, Focal Point, Ludhiana. Ludhiana. Pan: Aabcm5441M (Appellant) (Respondent)

79,063/-. The assessee was asked to show cause as to why this expenditure be not disallowed in view of the provisions of section

SH RAMESH KUMAR DUDANI,MOHALI vs. DCIT, CIRCLE -6(1), MOHALI

The appeal of the assessee stands allowed

Bench: Shri N.K. Saini & Shri Sudhanshu Srivastavaआयकरअपीलसं./Ita No. 589/Chd/2019 "नधा"रणवष" / Assessment Year :2015-16 Shri Ramesh Dudani, The Dcit, बनाम C-104, Industrial Area, Circle 6(1), Live Phase Vii, Stock Complex, Mohali -160055 Sector 68, Mohali "थायी लेखा सं./Pan No: Abbpd0633J अपीलाथ"/Appellant ""यथ"/Respondent

disallowance under section 14A of the Act was concerned, the AO had proceeded on an entirely 5 589-c-2019 (A.Y. 2015-16) – Ramesh Dudani, Mohali wrong appreciation of facts in as much as the assessee had not shown any investments in the books of account the business. He referred to the Balance Sheet of the proprietorship concern placed

ACIT, LUDHIANA vs. M/S AVON CYCLES LTD., LUDHIANA

In the result, the appeal filed by the Revenue is

Bench: Ms.Diva Singh & Ms. Annapurna Guptathe A.C.I.T., Vs. M/S Avon Cycles Ltd., Circle-5, G.T. Road, Ludhiana. Ludhiana. Pan: Aabca4140R & C.O.No.6/Chd/2016 In M/S Avon Cycles Ltd., Vs. The A.C.I.T., G.T. Road, Circle-5, Ludhiana. Ludhiana. Pan: Aabca4140R (Appellant) (Respondent)

disallowance of interest under section 36(1)(iii) of the Act on account of the same was warranted having been decided in the preceding years itself in favour of the assessee. As for the investment made in the impugned year amounting to Rs.1.21 crores, the Ld. counsel for the assessee stated that it had enough own funds for making

SH. JASDEV SINGH,CHANDIGARH vs. ITO-WARD-5(5), CHANDIGARH

In the result, both the appeals of the assessees are allowed

Bench: Shri N.K. Saini & Shri Sudhanshu Srivastavaआयकर अपील सं./ Ita No. 214/Chd/2021 "नधा"रण वष" / Assessment Year : 2018-19 Sh. Jasdev Singh, The Ito, बनाम 234, Sector 46A Ward 5(5), Chandigarh 160046 Chandigarh

79,534/-/- made by the A.O. on account of late payments towards ESI and EPF under section 36(1)(va) of the Income Tax Act, 1961 (for short the ‘Act’), however, before furnishing the return of income under section 139(1) of the Act. When the matter was taken to the Ld. CIT(A) the said disallowance

M/S CONTINENTAL ENGINEERING & POWER PVT.LTD.,MOHALI vs. ADIT,CPC/ACIT,CIRCLE-6(1), CHANDIGARH

In the result, both the appeals of the assessees are allowed

disallowance of the expenditure of Rs. 2,79,560/- (Rs. 85,458/- ESI and Rs. 1,94,102/- EPF totaling Rs. 2,79,560/-) claimed on account of deposit in EPF/ESI as employees share while processing of return under section

DCIT-CC-III, LUDHIANA vs. M/S LAXMI ENERGY & FOODS LTD.,, CHANDIGARH

In the result, the appeal of the Revenue is dismissed

Bench: Shri A.D. Jain & Dr Krinwant Sahayआयकर अपील सं./ Ita No. 33/Chd/2021 "नधा"रण वष" / Assessment Year: 2011-12 The Dcit, Vs. M/S Laxmi Energy & Foods बनाम Ltd., Central Circle-Iii, Sco 18-19, Sector 9-D, Ludhiana Ludhiana "थायी लेखा सं./Pan No: Aaacl3147J अपीलाथ"/ Appellant ""यथ"/ Repsondent ( Hybrid Mode ) "नधा"रती क" ओर से/Assessee By : Sh. Sudhir Sehgal, Advocate राज"व क" ओर से/ Revenue By : Shri Rohit Sharma, Cit Dr सुनवाई क" तार"ख/Date Of Hearing : 06.06.2024 उदघोषणा क" तार"ख/Date Of Pronouncement : 10.07.2024 आदेश/Order Per Dr. Krinwant Sahay, A.M.:

Disallowance as per provisions of Section 14A of the Act. 1. Total investments made amounting to Rs.61,32,54,169/- . 2. The Assessing Officer has made total addition of Rs.3,79

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

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

79,000/- is allowed. Ground No.1 raised by the assessee is allowed. 7. Ground No.2 raised by the assessee reads as under: “2. That the Commissioner of Income-tax (Appeals) erred on facts and in law in sustaining the disallowance of Rs. 1/3rd 8,94,33,333, being of the expenditure on advertisement and promotion of Rs.26

DCIT, C-5, LUDHIANA vs. M/S HERO CYCLES LTD., LUDHIANA

In the result, appeal of the Department is dismissed and the Cross

disallowed and added back to the total income of the assessee. 25. Being aggrieved the assessee carried the matter to the Ld. CIT(A) and furnished the written submission which had been incorporated in para 11.1 of the impugned order, for the cost of repetition the same is not reproduced herein. 25.1 The Ld. CIT(A) forwarded the written submissions

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)

Section 43(4), ‘Scientific Research’ means any activities for the extension of ITA 350/CHD/2023 A.Y. 2017-18 78 knowledge in the fields of natural or applied science including agriculture, animal husbandry or fisheries; that ‘expenditure incurred on scientific research’ includes all expenditure incurred for the prosecution or provision of facilities for the prosecution of scientific research, but do not include

SH. JAI TEG SINGH,MOHALI vs. ITO, MOHALI

In the result, the appeal of the assessee is allowed

Bench: Shri Sanjay Garg & Ms. Annapurna Guptashri Jai Teg Singh, Vs. The Income Tax Officer, # 2431, Sector 79, Ward-6(2), Mohali. Mohali. Pan: Arjps5960R

79, Ward-6(2), Mohali. Mohali. PAN: ARJPS5960R (Appellant) (Respondent) Appellant by : Shri S.K.Bhasin, CA Respondent by : Smt.Chanderkanta, Addl.CIT, DR Date of hearing : 17.07.2018 Date of Pronouncement : 17.07.2018 ORDER PER ANNAPURNA GUPTA, A.M. : This appeal has been preferred by the assessee against the order of Ld. Commissioner of Income Tax (Appeals)-2, Chandigarh dated 16.3.2017 relating to assessment year