JAMYANG KHYENTSE YESHI,KANGRA, HIMACHAL PRADESH vs. ACIT, DCIT, C.R. BUILDING, CHANDIGARH

The appeal of the assessee is partly allowed

Bench: The Ld. Cit(A). The Ld. Cit(A), After Calling For A Remand Report Under Rule 46A, Recorded The Following Findings (Para 5.1 To 5.5 Of The Appellate Order):

68 to 69 B and 69C are different. The Ld. AR had further submitted that in view that there is no repeal and saving clause after insertion of the eligible assessee in section 144C(15), the assessment initially initiated under the old regime cannot be completed in the new regime and for the above-mentioned purposes, he relied upon

NEERU ARORA,CHANDIGARH vs. CIRCLE-1, INTERNATIONAL TAXATION, CHANDIGARH

In the result, the appeal of the assessee is partly allowed in terms indicated above

Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. MANOJ KUMAR AGGARWAL (Accountant Member)

144C(2) on 31.03.2023, along with Form No. 35A and various annexures, challenging the year of taxability, the incorrect application of section 50C, and the denial of deduction for the cost of acquisition. 8. The assessee contended that the transfer of the capital asset was completed in A.Y. 2010-11 when possession was handed over and full consideration

M/S JOSAN INDUSTRIES,JALALABAD vs. DCIT, CL-1, INTL. TAXATION, CHANDIGARH

In the result, the appeal is partly allowed as indicated

Bench: Shri A.D. Jain & Shri Vikram Singh Yadavआयकर अपील सं./ Ita Nos. 64 To 66/Chd/2023 "नधा"रण वष" / Assessment Years : 2013-14, 2014-15 & 2015-16 Josan Industries, Vs. The Dcit Circle-1, बनाम Jalalabad, International Taxation, H.O., Guruharshai, Chandigarh Punjab "थायी लेखा सं./Pan No. Aaafj7294F अपीलाथ"/Appellant ""यथ"/Respondent

68 of the Act only on estimates without considering the fact that the assessee had disclosed the receipts from by products in its audited accounts and as such the draft order passed is arbitrary and unjustified. 8. That the proposed addition in the draft assessment order is based on suspicion, surmises and conjectures which is not permissible under

M/S JOSAN INDUSTRIES,JALALABAD vs. DCIT, CL-1, INTL. TAXATION, CHANDIGARH

In the result, the appeal is partly allowed as indicated

Bench: Shri A.D. Jain & Shri Vikram Singh Yadavआयकर अपील सं./ Ita Nos. 64 To 66/Chd/2023 "नधा"रण वष" / Assessment Years : 2013-14, 2014-15 & 2015-16 Josan Industries, Vs. The Dcit Circle-1, बनाम Jalalabad, International Taxation, H.O., Guruharshai, Chandigarh Punjab "थायी लेखा सं./Pan No. Aaafj7294F अपीलाथ"/Appellant ""यथ"/Respondent

68 of the Act only on estimates without considering the fact that the assessee had disclosed the receipts from by products in its audited accounts and as such the draft order passed is arbitrary and unjustified. 8. That the proposed addition in the draft assessment order is based on suspicion, surmises and conjectures which is not permissible under

M/S JOSAN INDUSTRIES,JALALABAD vs. DCIT, CL-1, INTL. TAXATION, CHANDIGARH

In the result, the appeal is partly allowed as indicated

Bench: Shri A.D. Jain & Shri Vikram Singh Yadavआयकर अपील सं./ Ita Nos. 64 To 66/Chd/2023 "नधा"रण वष" / Assessment Years : 2013-14, 2014-15 & 2015-16 Josan Industries, Vs. The Dcit Circle-1, बनाम Jalalabad, International Taxation, H.O., Guruharshai, Chandigarh Punjab "थायी लेखा सं./Pan No. Aaafj7294F अपीलाथ"/Appellant ""यथ"/Respondent

68 of the Act only on estimates without considering the fact that the assessee had disclosed the receipts from by products in its audited accounts and as such the draft order passed is arbitrary and unjustified. 8. That the proposed addition in the draft assessment order is based on suspicion, surmises and conjectures which is not permissible under

DCIT, C-1(1) , CHANDIGARH vs. M/S FIDELITY INFORMATION SERVICES INDIA PVT. LTD., CHANDIGARH

In the result, the cross-objection filed by the assessee is dismissed

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

section 37(1) of the Act. 3. In this regard, briefly the facts of the case are that during the course of assessment proceedings, the AO observed that out of total travelling expenses debited in the P&L Account, an amount of Rs. 9,21,58,400/- has been claimed by the assesssee in respect of foreign travelling expenses

ACIT, CHANDIGARH vs. M/S GLAXO SMITHKLINE ASIA PVT. LTD., GURGAON

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

8 Elysium Pharmaceuticals Ltd. 2.3% 9 Resonance Specialties Ltd. 2.5% ITA Nos.219 to 222,225 to 227,242, 228, 344/Chd/2017 ITA No.1495/Chd/2019 A.Ys. 2007-08 to 2015-16 Page 56 of 120 10 Triochem Products Ltd. 5.7% 11 Advik Laboratories Ltd. 6.6% 12 Panchsheel Organics Ltd. 9.00% 13 Wockhardt Ltd. 9.2% 14 Tyche Industries Ltd. 10.19% 15 Granules India

ACIT, CHANDIGARH vs. M/S GLAXO SMITHKLINE ASIA PVT. LTD., GURGAON

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

8 Elysium Pharmaceuticals Ltd. 2.3% 9 Resonance Specialties Ltd. 2.5% ITA Nos.219 to 222,225 to 227,242, 228, 344/Chd/2017 ITA No.1495/Chd/2019 A.Ys. 2007-08 to 2015-16 Page 56 of 120 10 Triochem Products Ltd. 5.7% 11 Advik Laboratories Ltd. 6.6% 12 Panchsheel Organics Ltd. 9.00% 13 Wockhardt Ltd. 9.2% 14 Tyche Industries Ltd. 10.19% 15 Granules India

GLAXOSMITHKLINE ASIA PVT. LTD.,GURGAON vs. ACIT, CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

8 Elysium Pharmaceuticals Ltd. 2.3% 9 Resonance Specialties Ltd. 2.5% ITA Nos.219 to 222,225 to 227,242, 228, 344/Chd/2017 ITA No.1495/Chd/2019 A.Ys. 2007-08 to 2015-16 Page 56 of 120 10 Triochem Products Ltd. 5.7% 11 Advik Laboratories Ltd. 6.6% 12 Panchsheel Organics Ltd. 9.00% 13 Wockhardt Ltd. 9.2% 14 Tyche Industries Ltd. 10.19% 15 Granules India

GLAXOSMITHKLINE ASIA PVT. LTD.,GURGAON vs. ACIT, CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

8 Elysium Pharmaceuticals Ltd. 2.3% 9 Resonance Specialties Ltd. 2.5% ITA Nos.219 to 222,225 to 227,242, 228, 344/Chd/2017 ITA No.1495/Chd/2019 A.Ys. 2007-08 to 2015-16 Page 56 of 120 10 Triochem Products Ltd. 5.7% 11 Advik Laboratories Ltd. 6.6% 12 Panchsheel Organics Ltd. 9.00% 13 Wockhardt Ltd. 9.2% 14 Tyche Industries Ltd. 10.19% 15 Granules India

GLAXOSMITHKLINE ASIA PVT. LTD.,GURGAON vs. DCIT, CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

8 Elysium Pharmaceuticals Ltd. 2.3% 9 Resonance Specialties Ltd. 2.5% ITA Nos.219 to 222,225 to 227,242, 228, 344/Chd/2017 ITA No.1495/Chd/2019 A.Ys. 2007-08 to 2015-16 Page 56 of 120 10 Triochem Products Ltd. 5.7% 11 Advik Laboratories Ltd. 6.6% 12 Panchsheel Organics Ltd. 9.00% 13 Wockhardt Ltd. 9.2% 14 Tyche Industries Ltd. 10.19% 15 Granules India

GLAXOSMITHKLINE ASIA PVT. LTD.,GURGAON vs. DCIT, CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

8 Elysium Pharmaceuticals Ltd. 2.3% 9 Resonance Specialties Ltd. 2.5% ITA Nos.219 to 222,225 to 227,242, 228, 344/Chd/2017 ITA No.1495/Chd/2019 A.Ys. 2007-08 to 2015-16 Page 56 of 120 10 Triochem Products Ltd. 5.7% 11 Advik Laboratories Ltd. 6.6% 12 Panchsheel Organics Ltd. 9.00% 13 Wockhardt Ltd. 9.2% 14 Tyche Industries Ltd. 10.19% 15 Granules India

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

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

8 Elysium Pharmaceuticals Ltd. 2.3% 9 Resonance Specialties Ltd. 2.5% ITA Nos.219 to 222,225 to 227,242, 228, 344/Chd/2017 ITA No.1495/Chd/2019 A.Ys. 2007-08 to 2015-16 Page 56 of 120 10 Triochem Products Ltd. 5.7% 11 Advik Laboratories Ltd. 6.6% 12 Panchsheel Organics Ltd. 9.00% 13 Wockhardt Ltd. 9.2% 14 Tyche Industries Ltd. 10.19% 15 Granules India

M/S GLAXO SMITHKLINE ASIA PVT. LTD.,GURGAON vs. ACIT, C-4(1), CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

8 Elysium Pharmaceuticals Ltd. 2.3% 9 Resonance Specialties Ltd. 2.5% ITA Nos.219 to 222,225 to 227,242, 228, 344/Chd/2017 ITA No.1495/Chd/2019 A.Ys. 2007-08 to 2015-16 Page 56 of 120 10 Triochem Products Ltd. 5.7% 11 Advik Laboratories Ltd. 6.6% 12 Panchsheel Organics Ltd. 9.00% 13 Wockhardt Ltd. 9.2% 14 Tyche Industries Ltd. 10.19% 15 Granules India

M/S GLAXO SMITHKLINE ASIA PVT. LTD.,GURGAON vs. ACIT, C-4(1), CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

8 Elysium Pharmaceuticals Ltd. 2.3% 9 Resonance Specialties Ltd. 2.5% ITA Nos.219 to 222,225 to 227,242, 228, 344/Chd/2017 ITA No.1495/Chd/2019 A.Ys. 2007-08 to 2015-16 Page 56 of 120 10 Triochem Products Ltd. 5.7% 11 Advik Laboratories Ltd. 6.6% 12 Panchsheel Organics Ltd. 9.00% 13 Wockhardt Ltd. 9.2% 14 Tyche Industries Ltd. 10.19% 15 Granules India

M/S GLAXO SMITHKLINE ASIA PVT. LTD.,NABHA vs. DCIT, C-4(1), CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

8 Elysium Pharmaceuticals Ltd. 2.3% 9 Resonance Specialties Ltd. 2.5% ITA Nos.219 to 222,225 to 227,242, 228, 344/Chd/2017 ITA No.1495/Chd/2019 A.Ys. 2007-08 to 2015-16 Page 56 of 120 10 Triochem Products Ltd. 5.7% 11 Advik Laboratories Ltd. 6.6% 12 Panchsheel Organics Ltd. 9.00% 13 Wockhardt Ltd. 9.2% 14 Tyche Industries Ltd. 10.19% 15 Granules India

ACIT, CHANDIGARH vs. M/S GLAXO SMITHKLINE ASIA PVT. LTD., GURGAON

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

8 Elysium Pharmaceuticals Ltd. 2.3% 9 Resonance Specialties Ltd. 2.5% ITA Nos.219 to 222,225 to 227,242, 228, 344/Chd/2017 ITA No.1495/Chd/2019 A.Ys. 2007-08 to 2015-16 Page 56 of 120 10 Triochem Products Ltd. 5.7% 11 Advik Laboratories Ltd. 6.6% 12 Panchsheel Organics Ltd. 9.00% 13 Wockhardt Ltd. 9.2% 14 Tyche Industries Ltd. 10.19% 15 Granules India

ACIT, CHANDIGARH vs. M/S GLAXO SMITHKLINE ASIA PVT. LTD., GURGAON

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

8 Elysium Pharmaceuticals Ltd. 2.3% 9 Resonance Specialties Ltd. 2.5% ITA Nos.219 to 222,225 to 227,242, 228, 344/Chd/2017 ITA No.1495/Chd/2019 A.Ys. 2007-08 to 2015-16 Page 56 of 120 10 Triochem Products Ltd. 5.7% 11 Advik Laboratories Ltd. 6.6% 12 Panchsheel Organics Ltd. 9.00% 13 Wockhardt Ltd. 9.2% 14 Tyche Industries Ltd. 10.19% 15 Granules India