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)

section 14A which deals with the expenditure incurred in relation to income not includible in total income. The Ld. AR in respect of Ground No. 2(supra) have submitted in writing by way written submission as under: 1. The calculation of disallowance made by the Ld. AO is as under: Particulars Amount Under Rule 8D(2)(ii) 1455246 Under

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)

section 14A which deals with the expenditure incurred in relation to income not includible in total income. The Ld. AR in respect of Ground No. 2(supra) have submitted in writing by way written submission as under: 1. The calculation of disallowance made by the Ld. AO is as under: Particulars Amount Under Rule 8D(2)(ii) 1455246 Under

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)

section 14A which deals with the expenditure incurred in relation to income not includible in total income. The Ld. AR in respect of Ground No. 2(supra) have submitted in writing by way written submission as under: 1. The calculation of disallowance made by the Ld. AO is as under: Particulars Amount Under Rule 8D(2)(ii) 1455246 Under

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)

section 14A which deals with the expenditure incurred in relation to income not includible in total income. The Ld. AR in respect of Ground No. 2(supra) have submitted in writing by way written submission as under: 1. The calculation of disallowance made by the Ld. AO is as under: Particulars Amount Under Rule 8D(2)(ii) 1455246 Under

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)

section 14A which deals with the expenditure incurred in relation to income not includible in total income. The Ld. AR in respect of Ground No. 2(supra) have submitted in writing by way written submission as under: 1. The calculation of disallowance made by the Ld. AO is as under: Particulars Amount Under Rule 8D(2)(ii) 1455246 Under

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)

section 14A which deals with the expenditure incurred in relation to income not includible in total income. The Ld. AR in respect of Ground No. 2(supra) have submitted in writing by way written submission as under: 1. The calculation of disallowance made by the Ld. AO is as under: Particulars Amount Under Rule 8D(2)(ii) 1455246 Under

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)

section 14A which deals with the expenditure incurred in relation to income not includible in total income. The Ld. AR in respect of Ground No. 2(supra) have submitted in writing by way written submission as under: 1. The calculation of disallowance made by the Ld. AO is as under: Particulars Amount Under Rule 8D(2)(ii) 1455246 Under

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)

section 14A which deals with the expenditure incurred in relation to income not includible in total income. The Ld. AR in respect of Ground No. 2(supra) have submitted in writing by way written submission as under: 1. The calculation of disallowance made by the Ld. AO is as under: Particulars Amount Under Rule 8D(2)(ii) 1455246 Under

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

14A an be made, we do not find any\nneed to adjudicate these issues.\n10. As regards administrative expenses, it is a fact on record that\nthe assessee himself had disallowed an amount of Rs.2,73,13,827/- on\naccount of expenses incurred for earning tax free income and the\nAssessing Officer has nowhere recorded a finding

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

68, Mohali "थायी लेखा सं./PAN NO: ABBPD0633J अपीलाथ"/Appellant ""यथ"/Respondent "नधा"रती क" ओर से/Assessee by : Sh. Nalin K Nohria, CA and Shri B.K. Nohria, CA राज"व क" ओर से/ Revenue by : Dr. Ranjeet Kaur, Sr DR सुनवाई क" तार$ख/Date of Hearing : 24.05.2022 उदघोषणा क" तार$ख/Date of Pronouncement : 22.08.2022 आदेश/Order

WINSOME TEXTILE INDUSTRIES LIMITED,CHANDIGARH vs. ASSTT. COMMISSIONER OF INCOME TAX, CIRCLE-4(1), CHANDIGARH, CHANDIGARH

In the result, the appeal of the assessee is partly allowed and the appeal of the Revenue is dismissed

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

68 of Income-tax Act, 1961? We find no merit in this Special Leave Petition for the simple reason that if the share application money is received by the assessee company from alleged bogus shareholders, whose names are given to the Assessing Officer, then the department is free to proceed to reopen their individual assessments in accordance with law. Hence

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

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

section 10(38) of the Act is directed to be deleted on the basis of same reasoning and logic as adopted by the Honourable ITAT, Chandigarh in the case of the assessee company itself for the A.Ys. 2008-09, 2009- 10 and 2010-11 while deleting the identical addition in these years. In the result, the grounds

DCIT, C-1, LUDHIANA vs. M/S VARDHMAN TEXTILES LIMITED, LUDHIANA

The appeal of the Revenue is partly allowed for

Bench: Shri Sanjay Garg & Smt.Annapurna Guptaआयकर अपील सं./ Ita No.484 /Chd/2019 "नधा"रण वष" / Assessment Year : 2008-09

section 14A of the Income Tax Act, 1961 read with Rule 8D and making disallowance thereunder ignoring the contentions/submissions of the assessee. 55. It was common ground between the parties that the above ground was identical to ground No.2 raised by the assessee in its appeal for A.Y 2008-09 in ,dealt with us above.Our decision rendered therein

M/S VARDHMAN TEXTILES LIMITED,LUDHIANA vs. ACIT, C-1, LUDHIANA

The appeal of the Revenue is partly allowed for

Bench: Shri Sanjay Garg & Smt.Annapurna Guptaआयकर अपील सं./ Ita No.484 /Chd/2019 "नधा"रण वष" / Assessment Year : 2008-09

section 14A of the Income Tax Act, 1961 read with Rule 8D and making disallowance thereunder ignoring the contentions/submissions of the assessee. 55. It was common ground between the parties that the above ground was identical to ground No.2 raised by the assessee in its appeal for A.Y 2008-09 in ,dealt with us above.Our decision rendered therein

DCIT, C-1, LUDHIANA vs. M/S VARDHMAN TEXTILES LIMITED, LUDHIANA

The appeal of the Revenue is partly allowed for

Bench: Shri Sanjay Garg & Smt.Annapurna Guptaआयकर अपील सं./ Ita No.484 /Chd/2019 "नधा"रण वष" / Assessment Year : 2008-09

section 14A of the Income Tax Act, 1961 read with Rule 8D and making disallowance thereunder ignoring the contentions/submissions of the assessee. 55. It was common ground between the parties that the above ground was identical to ground No.2 raised by the assessee in its appeal for A.Y 2008-09 in ,dealt with us above.Our decision rendered therein

M/S VARDHMAN TEXTILES LIMITED,LUDHIANA vs. JCIT, C-1, LUDHIANA

The appeal of the Revenue is partly allowed for

Bench: Shri Sanjay Garg & Smt.Annapurna Guptaआयकर अपील सं./ Ita No.484 /Chd/2019 "नधा"रण वष" / Assessment Year : 2008-09

section 14A of the Income Tax Act, 1961 read with Rule 8D and making disallowance thereunder ignoring the contentions/submissions of the assessee. 55. It was common ground between the parties that the above ground was identical to ground No.2 raised by the assessee in its appeal for A.Y 2008-09 in ,dealt with us above.Our decision rendered therein

DCIT, C-1, LUDHIANA vs. VARDHMAN TEXTILES LTD., LUDHIANA

The appeal of the Revenue is partly allowed for

Bench: Shri Sanjay Garg & Smt.Annapurna Guptaआयकर अपील सं./ Ita No.484 /Chd/2019 "नधा"रण वष" / Assessment Year : 2008-09

section 14A of the Income Tax Act, 1961 read with Rule 8D and making disallowance thereunder ignoring the contentions/submissions of the assessee. 55. It was common ground between the parties that the above ground was identical to ground No.2 raised by the assessee in its appeal for A.Y 2008-09 in ,dealt with us above.Our decision rendered therein

M/S GANESHAY OVERSEAS INDUSTRIES LTD.,CHANDIGARH vs. DCIT, CC-1, CHANDIGARH

In the result the appeal of the Revenue is dismissed

Bench: SHRI A.D.JAIN (Vice President), SHRI VIKRAM SINGH YADAV (Accountant Member)

Section 14A, and is only to be extent of disallowing expenditure "incurred by the assessee in related to the tax exempt income". This proportion or portion of the tax exempt income surely cannot swallow the entire amount as has happened in this case". 10.5 In “Sahara India Financial Corporation Ltd. Vs DCIT”, ITA No.3512/Del/2013, the Delhi Tribunal has held

DCIT, CC-III, LUDHIANA vs. M/S GANESHAY OVERSEAS INDUSTRIES LTD, CHANDIGARH

In the result the appeal of the Revenue is dismissed

Bench: SHRI A.D.JAIN (Vice President), SHRI VIKRAM SINGH YADAV (Accountant Member)

Section 14A, and is only to be extent of disallowing expenditure "incurred by the assessee in related to the tax exempt income". This proportion or portion of the tax exempt income surely cannot swallow the entire amount as has happened in this case". 10.5 In “Sahara India Financial Corporation Ltd. Vs DCIT”, ITA No.3512/Del/2013, the Delhi Tribunal has held