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

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

disallowed by the Assessing officer on following grounds:- 1. Considering manufacturing of Buns as Negative item under schedule eleventh of the Act. 2. Inclusion of certain assets as a part of Plant & Machinery while computing the total eligible value of Plant & Machinery for SSI Limit. 3. By Wrongly referring circular no S. O 2(E) dated 1st January 1993. Reply

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

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

disallowed by the Assessing officer on following grounds:- 1. Considering manufacturing of Buns as Negative item under schedule eleventh of the Act. 2. Inclusion of certain assets as a part of Plant & Machinery while computing the total eligible value of Plant & Machinery for SSI Limit. 3. By Wrongly referring circular no S. O 2(E) dated 1st January 1993. Reply

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

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

disallowed by the Assessing officer on following grounds:- 1. Considering manufacturing of Buns as Negative item under schedule eleventh of the Act. 2. Inclusion of certain assets as a part of Plant & Machinery while computing the total eligible value of Plant & Machinery for SSI Limit. 3. By Wrongly referring circular no S. O 2(E) dated 1st January 1993. Reply

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

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

disallowed by the Assessing officer on following grounds:- 1. Considering manufacturing of Buns as Negative item under schedule eleventh of the Act. 2. Inclusion of certain assets as a part of Plant & Machinery while computing the total eligible value of Plant & Machinery for SSI Limit. 3. By Wrongly referring circular no S. O 2(E) dated 1st January 1993. Reply

VARDHMAN TEXTILE LTD.,LUDHIANA vs. ADDL. CIT, LUDHIANA

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaआयकर अपील सं./ Ita Nos. 1429/Chd/2010 "नधा"रण वष" / Assessment Years : 2006-07 Vardhman Textiles Limited, The Addl.Cit, Range- 1, बनाम Ludhiana Chandigarh Road, Ludhiana "थायी लेखा सं./Pan No: Aabcm4692E Appeal Against The Order Of Cit(A)-1, Ludhiana Dated 15.10.2010

section 14A of The Income Tax Act w.r.t. dividend income earned by the assessee. 8. That the Ld. CIT(A) erred in law and on the facts while confirming the action of Ld.AO for disallowing foreign traveling expenses of wife of Chairman & Managing Director amounting to Rs. 11,46,863/-. 9. That the Ld. CIT(A) erred

ACIT, LUDHIANA vs. M/S VARDHMAN TEXTILES LTD., LUDHIANA

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaआयकर अपील सं./ Ita Nos. 1429/Chd/2010 "नधा"रण वष" / Assessment Years : 2006-07 Vardhman Textiles Limited, The Addl.Cit, Range- 1, बनाम Ludhiana Chandigarh Road, Ludhiana "थायी लेखा सं./Pan No: Aabcm4692E Appeal Against The Order Of Cit(A)-1, Ludhiana Dated 15.10.2010

section 14A of The Income Tax Act w.r.t. dividend income earned by the assessee. 8. That the Ld. CIT(A) erred in law and on the facts while confirming the action of Ld.AO for disallowing foreign traveling expenses of wife of Chairman & Managing Director amounting to Rs. 11,46,863/-. 9. That the Ld. CIT(A) erred

VARDHMAN TEXTILES LTD,LUDHIANA vs. ADDITIONAL COMMISSIONER OF INCOME TAX, LUDHIANA

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaआयकर अपील सं./ Ita Nos. 1429/Chd/2010 "नधा"रण वष" / Assessment Years : 2006-07 Vardhman Textiles Limited, The Addl.Cit, Range- 1, बनाम Ludhiana Chandigarh Road, Ludhiana "थायी लेखा सं./Pan No: Aabcm4692E Appeal Against The Order Of Cit(A)-1, Ludhiana Dated 15.10.2010

section 14A of The Income Tax Act w.r.t. dividend income earned by the assessee. 8. That the Ld. CIT(A) erred in law and on the facts while confirming the action of Ld.AO for disallowing foreign traveling expenses of wife of Chairman & Managing Director amounting to Rs. 11,46,863/-. 9. That the Ld. CIT(A) erred

ACIT, LUDHIANA vs. M/S VARDHMAN TEXTILE LIMITED, LUDHIANA

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaआयकर अपील सं./ Ita Nos. 1429/Chd/2010 "नधा"रण वष" / Assessment Years : 2006-07 Vardhman Textiles Limited, The Addl.Cit, Range- 1, बनाम Ludhiana Chandigarh Road, Ludhiana "थायी लेखा सं./Pan No: Aabcm4692E Appeal Against The Order Of Cit(A)-1, Ludhiana Dated 15.10.2010

section 14A of The Income Tax Act w.r.t. dividend income earned by the assessee. 8. That the Ld. CIT(A) erred in law and on the facts while confirming the action of Ld.AO for disallowing foreign traveling expenses of wife of Chairman & Managing Director amounting to Rs. 11,46,863/-. 9. That the Ld. CIT(A) erred

ETHIX HEALTHCARE,CHANDIGARH vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE , PARWANOO

In the result, both on the exercise of jurisdiction u/s 147 and on merits of the case, the order of the AO as well as the ld CIT(A) is hereby set-aside and matter is decided in favour of the assessee

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

801B of the Act. In this judgment, the Hon'ble Court also considered the question as to whether such remissions should be set off against the cost of purchases. The Court held that duty drawback, rebates etc. cannot be credited against the cost of manufacture for the purposes of section 80-IC of the Act, as such, credits would constitute