ACIT, LUDHIANA vs. M/S MRS. BECTORS FOOD SPECIALTIES PVT. LTD., LUDHIANA

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

14A of the Income Tax Act, 1961. 9.16 Following the judgment of the Vireet Investments Pvt. Ltd(supra)we hereby direct that the disallowance made be deleted. 9.17 As a result this ground of appeal of the Assessee is allowed. 10. Issue of Sales Tax Subsidy A.Y. 2008-09: Ground No. 2 of the Assessee’s appeal (Additional Ground) – Transport

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

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

14A of the Income Tax Act, 1961. 9.16 Following the judgment of the Vireet Investments Pvt. Ltd(supra)we hereby direct that the disallowance made be deleted. 9.17 As a result this ground of appeal of the Assessee is allowed. 10. Issue of Sales Tax Subsidy A.Y. 2008-09: Ground No. 2 of the Assessee’s appeal (Additional Ground) – Transport

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

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

14A of the Income Tax Act, 1961. 9.16 Following the judgment of the Vireet Investments Pvt. Ltd(supra)we hereby direct that the disallowance made be deleted. 9.17 As a result this ground of appeal of the Assessee is allowed. 10. Issue of Sales Tax Subsidy A.Y. 2008-09: Ground No. 2 of the Assessee’s appeal (Additional Ground) – Transport

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

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

14A of the Income Tax Act, 1961. 9.16 Following the judgment of the Vireet Investments Pvt. Ltd(supra)we hereby direct that the disallowance made be deleted. 9.17 As a result this ground of appeal of the Assessee is allowed. 10. Issue of Sales Tax Subsidy A.Y. 2008-09: Ground No. 2 of the Assessee’s appeal (Additional Ground) – Transport

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

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

Bench: SHRI. RAJPAL YADAV (Vice President), SHRI. KRINWANT SAHAY, AM आयकर अपील सं. / ITA No. 588/Chd/2018 निर्धारण वर्ष / Assessment Years : 2012-13 The DCIT C-V, Ludhiana बनाम M/s Hero Cycles Ltd. Hero Nagar, G.T. Road Ludhiana स्थायी लेखा सं./PAN NO: AAACH4073P अपीलार्थी/Appellant प्रत्यर्थी / Respondent आयकर अपील सं. / ITA No. 473/Chd/2018 निर्धारण वर्ष / Assessment Years : 2012-13 M/s Hero Cycles Ltd. Hero Nagar, G.T. Road Ludhiana बनाम The ACIT C-V, Ludhiana स्थायी लेखा सं./PAN NO: AAACH4073P

14A an be made, we do not find any need to adjudicate these issues. 10. As regards administrative expenses, it is a fact on record that the assessee himself had disallowed an amount of Rs.2,73,13,827/- on account of expenses incurred for earning tax free income and the Assessing Officer has nowhere recorded a finding

DCIT, C-4(1), CHANDIGARH vs. M/S PUNJAB AGRO INDUSTRIES CORP. LTD., CHANDIGARH

In the result, appeal of the Revenue is hereby dismissed

Bench: Smt. Diva Singh & Dr. B.R.R. Kumarassessment Year: 2013-14

section 14A (in Rs.) 2013-14 220000 10700000 5. The Ld. CIT(A) confirmed the addition on the grounds that the assessee has failed to establish that the investments have been made out of surplus funds in the earlier years. 6. Before us, the Ld. AR has submitted that the funds invested are to the tune

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

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, , 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

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, 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

DCIT, CHANDIGARH vs. M/S SPRAY ENGINEERING DEVICES LTD., CHANDIGARH

In the result, the appeal of the Revenue is hereby dismissed

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumar

14A read with Rule 8(D) computed under the normal provisions while assessing the income of the assessee under the MAT provisions of section 115JB of the Income-tax Act, 1961 (in short 'the Act'). The issue has now been decided in favour of the assessee by the Special Bench of the Tribunal in the case of ‘ACIT

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