SH.SOHAN LAL ARORA,MOHALI vs. ACIT, CHANDIGARH

In the result, the appeals of the assessee bearing

Bench: Shri Sanjay Garg & Shri Vikram Singh Yadav

penalty under section. 271(1)(c) of the Act, levied pursuant to the aforesaid quantum additions. I.T.A. No.1325,1326,1421/CHANDI/2010 I.T.A. No.274,275/CHANDI/2014 Shri Rajiv Kumar Shri Sohan Lal Arora Assessment Year: 2006-07 2. So far as the appeal agitating the quantum additions are concerned, the assessees apart from contesting the additions on merits, have taken the following additional

SH. RAJIV KUMAR,MOHALI vs. ACIT, CHANDIGARH

In the result, the appeals of the assessee bearing

Bench: Shri Sanjay Garg & Shri Vikram Singh Yadav

penalty under section. 271(1)(c) of the Act, levied pursuant to the aforesaid quantum additions. I.T.A. No.1325,1326,1421/CHANDI/2010 I.T.A. No.274,275/CHANDI/2014 Shri Rajiv Kumar Shri Sohan Lal Arora Assessment Year: 2006-07 2. So far as the appeal agitating the quantum additions are concerned, the assessees apart from contesting the additions on merits, have taken the following additional

DCIT, CHANDIGARH vs. SH. S.L. ARORA, MOHALI

In the result, the appeals of the assessee bearing

Bench: Shri Sanjay Garg & Shri Vikram Singh Yadav

penalty under section. 271(1)(c) of the Act, levied pursuant to the aforesaid quantum additions. I.T.A. No.1325,1326,1421/CHANDI/2010 I.T.A. No.274,275/CHANDI/2014 Shri Rajiv Kumar Shri Sohan Lal Arora Assessment Year: 2006-07 2. So far as the appeal agitating the quantum additions are concerned, the assessees apart from contesting the additions on merits, have taken the following additional

DSM SINOCHEM PHARMACEUTICALS INDIA PRIVATE LIMITED,NAWANSHAHR vs. DCIT, CHANDIGARH

In the result, appeal of the assessee is partly allowed

Bench: Shri N.K. Saini, Vice- & Shri Vikas Awasthyआअसं. 253/ चंडीगढ़/2016(िन.व. 2011-12)

u/s 36(1)(iii) can be made if no loan has been taken for investment in capital work in progress, and further for the verification of this fact, we remit the matter back to the file of the AO with a direction to ascertain the utilization of various loans taken by the assessee and thereafter decide the issue in accordance

M/S DSM SINOCHEM PHARMACEUTICALS INDIA PVT. LTD. ,TOANSA vs. DCIT, C-1(1), CHANDIGARH

In the result, appeal of the assessee is partly allowed

Bench: Shri N.K. Saini, Vice- & Shri Vikas Awasthyआअसं. 253/ चंडीगढ़/2016(िन.व. 2011-12)

u/s 36(1)(iii) can be made if no loan has been taken for investment in capital work in progress, and further for the verification of this fact, we remit the matter back to the file of the AO with a direction to ascertain the utilization of various loans taken by the assessee and thereafter decide the issue in accordance

GURCHARAN SINGH,LUDHIANA vs. INCOME TAX OFFICER WARD 6(1) LUDHIANA, LUDHIANA

In the result, for statistical purposes, all the above appeals are treated as allowed

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

section 1. Shri Gurcharan Singh NFAC, Delhi 144 30/08/2023 2013-14 Shri Gurcharan Singh 2. NFAC, Delhi 271(1)(c) 31/08/2023 2013-14 Shri Gurcharan Singh 3. NFAC, Delhi 271(1)(b) 31/08/2023 2013-14 Shri Gurcharan Singh 4. NFAC, Delhi 271(1)(c) 31/08/2023 2015-16 Shri Gurcharan Singh 5. NFAC, Delhi 271(1)(b) 31/08/2023 2015-16 Shri

GURCHARAN SINGH ,LUDHIANA vs. INCOME TAX OFFICER WARD 6(1) LUDHIANA, LUDHIANA

In the result, for statistical purposes, all the above appeals are treated as allowed

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

section 1. Shri Gurcharan Singh NFAC, Delhi 144 30/08/2023 2013-14 Shri Gurcharan Singh 2. NFAC, Delhi 271(1)(c) 31/08/2023 2013-14 Shri Gurcharan Singh 3. NFAC, Delhi 271(1)(b) 31/08/2023 2013-14 Shri Gurcharan Singh 4. NFAC, Delhi 271(1)(c) 31/08/2023 2015-16 Shri Gurcharan Singh 5. NFAC, Delhi 271(1)(b) 31/08/2023 2015-16 Shri

GURCHARAN SINGH,LUDHIANA vs. INCOME TAX OFFICER WARD 6(1) LUDHIANA, LUDHIANA

In the result, for statistical purposes, all the above appeals are treated as allowed

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

section 1. Shri Gurcharan Singh NFAC, Delhi 144 30/08/2023 2013-14 Shri Gurcharan Singh 2. NFAC, Delhi 271(1)(c) 31/08/2023 2013-14 Shri Gurcharan Singh 3. NFAC, Delhi 271(1)(b) 31/08/2023 2013-14 Shri Gurcharan Singh 4. NFAC, Delhi 271(1)(c) 31/08/2023 2015-16 Shri Gurcharan Singh 5. NFAC, Delhi 271(1)(b) 31/08/2023 2015-16 Shri

GURCHARAN SINGH ,LUDHIANA vs. INCOME TAX OFFICER WARD 6(1), LUDHIANA, LUDHIANA

In the result, for statistical purposes, all the above appeals are treated as allowed

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

section 1. Shri Gurcharan Singh NFAC, Delhi 144 30/08/2023 2013-14 Shri Gurcharan Singh 2. NFAC, Delhi 271(1)(c) 31/08/2023 2013-14 Shri Gurcharan Singh 3. NFAC, Delhi 271(1)(b) 31/08/2023 2013-14 Shri Gurcharan Singh 4. NFAC, Delhi 271(1)(c) 31/08/2023 2015-16 Shri Gurcharan Singh 5. NFAC, Delhi 271(1)(b) 31/08/2023 2015-16 Shri

GURCHARAN SINGH,LUDHIANA vs. INCOME TAX OFFICER WARD 6(1), LUDHIANA, LUDHIANA

In the result, for statistical purposes, all the above appeals are treated as allowed

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

section 1. Shri Gurcharan Singh NFAC, Delhi 144 30/08/2023 2013-14 Shri Gurcharan Singh 2. NFAC, Delhi 271(1)(c) 31/08/2023 2013-14 Shri Gurcharan Singh 3. NFAC, Delhi 271(1)(b) 31/08/2023 2013-14 Shri Gurcharan Singh 4. NFAC, Delhi 271(1)(c) 31/08/2023 2015-16 Shri Gurcharan Singh 5. NFAC, Delhi 271(1)(b) 31/08/2023 2015-16 Shri

GURCHARAN SINGH,LUDHIANA vs. INCOME TAX OFFICER WARD 6(1) LUDHIANA, LUDHIANA

In the result, for statistical purposes, all the above appeals are treated as allowed

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

section 1. Shri Gurcharan Singh NFAC, Delhi 144 30/08/2023 2013-14 Shri Gurcharan Singh 2. NFAC, Delhi 271(1)(c) 31/08/2023 2013-14 Shri Gurcharan Singh 3. NFAC, Delhi 271(1)(b) 31/08/2023 2013-14 Shri Gurcharan Singh 4. NFAC, Delhi 271(1)(c) 31/08/2023 2015-16 Shri Gurcharan Singh 5. NFAC, Delhi 271(1)(b) 31/08/2023 2015-16 Shri

GURCHARAN SINGH ,LUDHIANA vs. INCOME TAX OFFICER 6(1), LUDHIANA , LUDHIANA

In the result, for statistical purposes, all the above appeals are treated as allowed

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

section 1. Shri Gurcharan Singh NFAC, Delhi 144 30/08/2023 2013-14 Shri Gurcharan Singh 2. NFAC, Delhi 271(1)(c) 31/08/2023 2013-14 Shri Gurcharan Singh 3. NFAC, Delhi 271(1)(b) 31/08/2023 2013-14 Shri Gurcharan Singh 4. NFAC, Delhi 271(1)(c) 31/08/2023 2015-16 Shri Gurcharan Singh 5. NFAC, Delhi 271(1)(b) 31/08/2023 2015-16 Shri

GURCHARAN SINGH ,LUDHIANA vs. INCOME TAX OFFICER WARD 6(1), LUDHIANA, LUDHIANA

In the result, for statistical purposes, all the above appeals are treated as allowed

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

section 1. Shri Gurcharan Singh NFAC, Delhi 144 30/08/2023 2013-14 Shri Gurcharan Singh 2. NFAC, Delhi 271(1)(c) 31/08/2023 2013-14 Shri Gurcharan Singh 3. NFAC, Delhi 271(1)(b) 31/08/2023 2013-14 Shri Gurcharan Singh 4. NFAC, Delhi 271(1)(c) 31/08/2023 2015-16 Shri Gurcharan Singh 5. NFAC, Delhi 271(1)(b) 31/08/2023 2015-16 Shri

GURCHARAN SINGH ,LUDHIANA vs. INCOME TAX OFFICER WARD 6(1) LUDHIANA, LUDHIANA

In the result, for statistical purposes, all the above appeals are treated as allowed

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

section 1. Shri Gurcharan Singh NFAC, Delhi 144 30/08/2023 2013-14 Shri Gurcharan Singh 2. NFAC, Delhi 271(1)(c) 31/08/2023 2013-14 Shri Gurcharan Singh 3. NFAC, Delhi 271(1)(b) 31/08/2023 2013-14 Shri Gurcharan Singh 4. NFAC, Delhi 271(1)(c) 31/08/2023 2015-16 Shri Gurcharan Singh 5. NFAC, Delhi 271(1)(b) 31/08/2023 2015-16 Shri

GURCHARAN SINGH,LUDHIANA vs. INCOME TAX OFFICER WARD 6(1) LUDHIANA, LUDHIANA

In the result, for statistical purposes, all the above appeals are treated as allowed

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

section 1. Shri Gurcharan Singh NFAC, Delhi 144 30/08/2023 2013-14 Shri Gurcharan Singh 2. NFAC, Delhi 271(1)(c) 31/08/2023 2013-14 Shri Gurcharan Singh 3. NFAC, Delhi 271(1)(b) 31/08/2023 2013-14 Shri Gurcharan Singh 4. NFAC, Delhi 271(1)(c) 31/08/2023 2015-16 Shri Gurcharan Singh 5. NFAC, Delhi 271(1)(b) 31/08/2023 2015-16 Shri

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

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

Penalty proceeding u/s 271(l)(c) is initiated separately for furnishing inaccurate particulars of income as discussed above. D) Disallowance of Interest u/s 36(l)(iii) on Share Application Money:- On the details has submitted by the assessee regarding investments it is seen that the assessee has invested certain sum of its money as mentioned below under the head share

AMAN FEED INDUSTRIES,KHANNA vs. DEPUTY COMMISSIONER OF INCOME TAX, CC-1, LUDHIANA, LUDHIANA

In the result, appeals of the assessee for A

Bench: Shri Rajpal Yadav & Shri Krinwant Sahayआयकर अपील सं./ Ita Nos. 1252, 1253,1254,1255/Chd/2024 "नधा"रण वष" / A.Y.: 2015-16, 2017-18, 2018-19,2019-20 M/S Aman Feed Industries, The Dcit, E-2, Focal Point, Vs Central Circle-1, Khanna. Ludhiana. "थायी लेखा सं./Pan No: Aacfa3624L अपीलाथ"/Appellant ""यथ"/Respondent आयकर अपील सं./ Ita Nos. 116,181,457/Chd/2025 "नधा"रण वष" / A.Y.: 2017-18, 2018-19, 2019-20 The Dcit, Vs M/S Aman Feed Industries, Central Circle-1, E-2, Focal Point, Ludhiana. Khanna. "थायी लेखा सं./Pan No: Aacfa3624L अपीलाथ"/Appellant ""यथ"/Respondent Assessee By : Shri Ashwani Kumar, Shri Kulbhushan Goyal & Ms, Deepali Aggarwal, Cas Revenue By : Shri Manav Bansal, Cit Dr Date Of Hearing : 28.07.2025 Date Of Pronouncement : 16.10.2025

271(l)(c) of the Act, the failure to obtain prior permission from the IAC for imposing penalty was only a procedural error and not fatal to the order of penalty. (vi) Since the entire documents were already available to the Additional CIT in the file sent for approval, there was no need for exchange of the said documents prior

AMAN FEED INDUSTRIES,KHANNA vs. DEPUTY COMMISSIONER OF INCOME TAX, CC-1, , LUDHIANA

In the result, appeals of the assessee for A

Bench: Shri Rajpal Yadav & Shri Krinwant Sahayआयकर अपील सं./ Ita Nos. 1252, 1253,1254,1255/Chd/2024 "नधा"रण वष" / A.Y.: 2015-16, 2017-18, 2018-19,2019-20 M/S Aman Feed Industries, The Dcit, E-2, Focal Point, Vs Central Circle-1, Khanna. Ludhiana. "थायी लेखा सं./Pan No: Aacfa3624L अपीलाथ"/Appellant ""यथ"/Respondent आयकर अपील सं./ Ita Nos. 116,181,457/Chd/2025 "नधा"रण वष" / A.Y.: 2017-18, 2018-19, 2019-20 The Dcit, Vs M/S Aman Feed Industries, Central Circle-1, E-2, Focal Point, Ludhiana. Khanna. "थायी लेखा सं./Pan No: Aacfa3624L अपीलाथ"/Appellant ""यथ"/Respondent Assessee By : Shri Ashwani Kumar, Shri Kulbhushan Goyal & Ms, Deepali Aggarwal, Cas Revenue By : Shri Manav Bansal, Cit Dr Date Of Hearing : 28.07.2025 Date Of Pronouncement : 16.10.2025

271(l)(c) of the Act, the failure to obtain prior permission from the IAC for imposing penalty was only a procedural error and not fatal to the order of penalty. (vi) Since the entire documents were already available to the Additional CIT in the file sent for approval, there was no need for exchange of the said documents prior