M/S HERO CYCLES LTD.,LUDHIANA vs. ACIT, C-V, LUDHIANA

In the result, appeal of the Department is dismissed and the\nappeal of the assessee is allowed

89 Taxmann.com 21\n(Mum)\nWhether only those instruments/securities which yielded exempt income\nduring previous year relevant to impugned assessment year shall be\nconsidered for computing disallowance under section

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

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)

89,32,928/- Rs. 20,63,094/- perks and contribution 2. Commission to director Rs. 370,00,000/- Rs. 100,00,000/- 3. Director's meeting fee Rs. 1,55,000/- - 4. Director's traveling exp. Rs. 76,18,403/- Rs, 7,62,965/- Auditor's Remuneration 5. For Statutory Audit

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)

89,32,928/- Rs. 20,63,094/- perks and contribution 2. Commission to director Rs. 370,00,000/- Rs. 100,00,000/- 3. Director's meeting fee Rs. 1,55,000/- - 4. Director's traveling exp. Rs. 76,18,403/- Rs, 7,62,965/- Auditor's Remuneration 5. For Statutory Audit

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)

89,32,928/- Rs. 20,63,094/- perks and contribution 2. Commission to director Rs. 370,00,000/- Rs. 100,00,000/- 3. Director's meeting fee Rs. 1,55,000/- - 4. Director's traveling exp. Rs. 76,18,403/- Rs, 7,62,965/- Auditor's Remuneration 5. For Statutory Audit

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)

89,32,928/- Rs. 20,63,094/- perks and contribution 2. Commission to director Rs. 370,00,000/- Rs. 100,00,000/- 3. Director's meeting fee Rs. 1,55,000/- - 4. Director's traveling exp. Rs. 76,18,403/- Rs, 7,62,965/- Auditor's Remuneration 5. For Statutory Audit

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)

89,32,928/- Rs. 20,63,094/- perks and contribution 2. Commission to director Rs. 370,00,000/- Rs. 100,00,000/- 3. Director's meeting fee Rs. 1,55,000/- - 4. Director's traveling exp. Rs. 76,18,403/- Rs, 7,62,965/- Auditor's Remuneration 5. For Statutory Audit

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)

89,32,928/- Rs. 20,63,094/- perks and contribution 2. Commission to director Rs. 370,00,000/- Rs. 100,00,000/- 3. Director's meeting fee Rs. 1,55,000/- - 4. Director's traveling exp. Rs. 76,18,403/- Rs, 7,62,965/- Auditor's Remuneration 5. For Statutory Audit

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)

89,32,928/- Rs. 20,63,094/- perks and contribution 2. Commission to director Rs. 370,00,000/- Rs. 100,00,000/- 3. Director's meeting fee Rs. 1,55,000/- - 4. Director's traveling exp. Rs. 76,18,403/- Rs, 7,62,965/- Auditor's Remuneration 5. For Statutory Audit

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)

89,32,928/- Rs. 20,63,094/- perks and contribution 2. Commission to director Rs. 370,00,000/- Rs. 100,00,000/- 3. Director's meeting fee Rs. 1,55,000/- - 4. Director's traveling exp. Rs. 76,18,403/- Rs, 7,62,965/- Auditor's Remuneration 5. For Statutory Audit

DY. CIT, CIRCLE, PATIALA, PATIALA vs. BHAWANI INDUSTRIES PVT. LTD., MANDI GOBINDGARH

In the result, appeal filed by the Revenue is dismissed whereas, the appeal filed by the Assessee stands allowed

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

89,506/-. The disallowance of interest has been made by the Ld. AO on the amount of advance given by the assessee during A/Y 2008-09. The disallowance has been made by resort to provisions of Section

BHAWANI INDUSTRIES PRIVATE LIMITED,MANDI GOBINDGARH vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE, PATIALA

In the result, appeal filed by the Revenue is dismissed whereas, the appeal filed by the Assessee stands allowed

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

89,506/-. The disallowance of interest has been made by the Ld. AO on the amount of advance given by the assessee during A/Y 2008-09. The disallowance has been made by resort to provisions of Section

MUKESH MALHOTRA ,SHIMLA vs. INCOME TAX OFFICER , SHIMLA

In the result, appeal of the assessee is partly allowed

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

89,275/-, thereafter the case of the assessee was reopened under section 147 of the Income Tax Act, 1961, by issuing a notice under section 148 dated 26.06.2015. In response, the assessee submitted that the original return filed may be treated as the return filed in response to the notice under section 148.In addition to hotel business and other sources

MUKESH MALHOTRA ,SHIMLA vs. INCOME TAX OFFICER , SHIMLA

In the result, appeal of the assessee is partly allowed

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

89,275/-, thereafter the case of the assessee was reopened under section 147 of the Income Tax Act, 1961, by issuing a notice under section 148 dated 26.06.2015. In response, the assessee submitted that the original return filed may be treated as the return filed in response to the notice under section 148.In addition to hotel business and other sources

MUKESH MALHOTRA ,SHIMLA vs. INCOME TAX OFFICER, WARD-1, SHIMLA, SHIMLA

In the result, appeal of the assessee is partly allowed

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

89,275/-, thereafter the case of the assessee was reopened under section 147 of the Income Tax Act, 1961, by issuing a notice under section 148 dated 26.06.2015. In response, the assessee submitted that the original return filed may be treated as the return filed in response to the notice under section 148.In addition to hotel business and other sources

MUKESH MALHOTRA ,SHIMLA vs. INCOME TAX OFFICER , SHIMLA

In the result, appeal of the assessee is partly allowed

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

89,275/-, thereafter the case of the assessee was reopened under section 147 of the Income Tax Act, 1961, by issuing a notice under section 148 dated 26.06.2015. In response, the assessee submitted that the original return filed may be treated as the return filed in response to the notice under section 148.In addition to hotel business and other sources

MUKESH MALHOTRA,SHIMLA vs. INCOME TAX OFFICER , SHIMLA

In the result, appeal of the assessee is partly allowed

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

89,275/-, thereafter the case of the assessee was reopened under section 147 of the Income Tax Act, 1961, by issuing a notice under section 148 dated 26.06.2015. In response, the assessee submitted that the original return filed may be treated as the return filed in response to the notice under section 148.In addition to hotel business and other sources

KANDI FRIENDS EDUCATIONAL TRUST,ROPAR vs. DEPUTY COMMISSIONER OF INCOME TAX, CHANDIGARH

In the result, both the appeals are allowed

Bench: Shri Rajpal Yadav & Shri Krinwant Sahay

Section 13(3) and 164(2) of the Income Tax Act. ITA Nos. 797 & 798/CHD/2024 A.Y.2014-15 & 2015-16 10 10.1 While impugning the disallowances, ld. counsel for the assessee took us through the Paper Book. He submitted that details of honorarium paid to different individuals in all these years is being placed on page 191 of the Paper Book, which

KANDI FRIENDS EDUCATIONAL TRUST,ROPAR vs. DEPUTY COMMISSION OF INCOME TAX, CL. 1, EXEMPTION, CHANDIGARH

In the result, both the appeals are allowed

Bench: Shri Rajpal Yadav & Shri Krinwant Sahay

Section 13(3) and 164(2) of the Income Tax Act. ITA Nos. 797 & 798/CHD/2024 A.Y.2014-15 & 2015-16 10 10.1 While impugning the disallowances, ld. counsel for the assessee took us through the Paper Book. He submitted that details of honorarium paid to different individuals in all these years is being placed on page 191 of the Paper Book, which