SARASWATI AGRO CHEMICALS (INDIA) PVT.LTD,MOHALI vs. DCIT,CPC/ DCIT CIRCLE -6(1), CHANDIGARH

In the result, appeals of the assessee are allowed

Bench: The Filing Of Return Of Income.” 3. The Ld. Ar Inviting Attention To The Impugned Order

68,698/-) for deposit of employee's contribution towards Provident Fund and ESI after the due date specified under the respective Acts of PF and ESI. The amount of contribution has been deposited well before the filing of return of income.” 3. The ld. AR inviting attention to the impugned order submitted that the point at issue is fully covered

M/S PUNJAB SMALL INDUSTRIES AND EXPORTS CORPORATION LTD.,CHANDIGARH vs. DCIT, CIRCLE 1(1), CHANDIGARH

In the result, the appeal of the Assessee is allowed for statistical purposes

Bench: Shri A.D. Jain & Dr Krinwant Sahayआयकर अपील सं./ Ita No. 556/Chd/2022 "नधा"रण वष" / Assessment Years : 2019-20 M/S Punjab Small Industries & Vs. The Dcit / Acit, Export Corporation Ltd., बनाम Circle 2(1), Udyog Bhawan, 3Rd To 6Th Floor, Chandigarh Sector 17-A, Chandigarh "थायी लेखा सं./Pan No: Aabcp1602M अपीलाथ"/ Appellant ""यथ"/ Repsondent ( Hybrid Hearing )

68,84,636/- under section 43B of the Income Tax Act. 1961. 4. The ld. DR relied on the order

MR. RAM PAL SINGH,CHANDIGARH vs. ITO WARD 5(4), CHANDIGARH

In the result, both the appeals of the assessees are allowed

Bench: Shri N.K. Saini & Shri Sudhanshu Srivastavaआयकर अपील सं./ Ita No. 387/Chd/2021 "नधा"रण वष" / Assessment Year : 2018-19 Mr. Ram Pal Singh, The Ito, Ward-5(4), बनाम Sco 68, Chandigarh Ist Floor, Sec. 40-C, Chandigarh "थायी लेखा सं./Pan No: Bawps7303F अपीलाथ"/Appellant ""यथ"/Respondent

68, Chandigarh Ist Floor, Sec. 40-C, Chandigarh "थायी लेखा सं./PAN NO: BAWPS7303F अपीलाथ"/Appellant ""यथ"/Respondent Hearing though video Conferencing "नधा"रती क ओर से/Assessee by : Sh. Anil Batra, Advocate राज"व क ओर से/ Revenue by : Dr. Ranjeet Kaur, CIT DR सुनवाई क तार%ख/Date of Hearing : 14.02.2022 उदघोषणा क तार%ख/Date of Pronouncement

ATUL GLOBAL PVT.LTD.,LUDHIANA vs. ITO-WARD-1(1), LUDHIANA

In the result, both the appeals of the assessees are allowed

68, SAS Nagar, Mohali C/o Parikshit Aggarwal, Chartered 160062, Punjab Accountant, H.No. 1238, Sector 22B, Chandigarh "थायी लेखा सं./PAN NO: AABFO7316A अपीलाथ"/Appellant ""यथ"/Respondent "नधा"रती क" ओर से/Assessee by : Shri Parikshit Aggarwal, CA राज"व क" ओर से/ Revenue by : Dr. Ranjeet Kaur, Sr. DR आयकर अपील सं./ ITA No. 404/Chd/ 2021 "नधा"रण वष" / Assessment

SANDEEP PURI,PATIALA vs. ITO WARD -4,, PATIALA

In the result, both the appeals of the assessees are allowed

68, SAS Nagar, Mohali C/o Parikshit Aggarwal, Chartered 160062, Punjab Accountant, H.No. 1238, Sector 22B, Chandigarh "थायी लेखा सं./PAN NO: AABFO7316A अपीलाथ"/Appellant ""यथ"/Respondent "नधा"रती क" ओर से/Assessee by : Shri Parikshit Aggarwal, CA राज"व क" ओर से/ Revenue by : Dr. Ranjeet Kaur, Sr. DR आयकर अपील सं./ ITA No. 404/Chd/ 2021 "नधा"रण वष" / Assessment

DOUBLE KNITWEAR,LUDHIANA vs. ITO WARD 3(1), LUDHIANA

In the result, both the appeals of the assessees are allowed

68, SAS Nagar, Mohali C/o Parikshit Aggarwal, Chartered 160062, Punjab Accountant, H.No. 1238, Sector 22B, Chandigarh "थायी लेखा सं./PAN NO: AABFO7316A अपीलाथ"/Appellant ""यथ"/Respondent "नधा"रती क" ओर से/Assessee by : Shri Parikshit Aggarwal, CA राज"व क" ओर से/ Revenue by : Dr. Ranjeet Kaur, Sr. DR आयकर अपील सं./ ITA No. 404/Chd/ 2021 "नधा"रण वष" / Assessment

DS MULTIMEDIA PRIVATE LIMITED,PANCHKULA vs. DCIT,CPC/ITO WARD-1, PANCHKULA

In the result, both the appeals of the assessees are allowed

68, SAS Nagar, Mohali C/o Parikshit Aggarwal, Chartered 160062, Punjab Accountant, H.No. 1238, Sector 22B, Chandigarh "थायी लेखा सं./PAN NO: AABFO7316A अपीलाथ"/Appellant ""यथ"/Respondent "नधा"रती क" ओर से/Assessee by : Shri Parikshit Aggarwal, CA राज"व क" ओर से/ Revenue by : Dr. Ranjeet Kaur, Sr. DR आयकर अपील सं./ ITA No. 404/Chd/ 2021 "नधा"रण वष" / Assessment

M/S PACIFIC ENGINEERS,MOHALI vs. ADIT,CPC, BENGALURU/ITO WARD 6(1), CHANDIGARH

In the result, both the appeals of the assessees are allowed

68, SAS Nagar, Mohali C/o Parikshit Aggarwal, Chartered 160062, Punjab Accountant, H.No. 1238, Sector 22B, Chandigarh "थायी लेखा सं./PAN NO: AABFO7316A अपीलाथ"/Appellant ""यथ"/Respondent "नधा"रती क" ओर से/Assessee by : Shri Parikshit Aggarwal, CA राज"व क" ओर से/ Revenue by : Dr. Ranjeet Kaur, Sr. DR आयकर अपील सं./ ITA No. 404/Chd/ 2021 "नधा"रण वष" / Assessment

M/S PACIFIC ENGINEERS,MOHALI vs. ADIT,CPC, BENGALURU/ITO WARD 6(1), CHANDIGARH

In the result, both the appeals of the assessees are allowed

68, SAS Nagar, Mohali C/o Parikshit Aggarwal, Chartered 160062, Punjab Accountant, H.No. 1238, Sector 22B, Chandigarh "थायी लेखा सं./PAN NO: AABFO7316A अपीलाथ"/Appellant ""यथ"/Respondent "नधा"रती क" ओर से/Assessee by : Shri Parikshit Aggarwal, CA राज"व क" ओर से/ Revenue by : Dr. Ranjeet Kaur, Sr. DR आयकर अपील सं./ ITA No. 404/Chd/ 2021 "नधा"रण वष" / Assessment

CHERRY CHIK HATCHERIES PRIVATE LIMITED,MALERKOTLA vs. ITO WARD - 1,, MALERKOTLA

In the result, both the appeals of the assessees are allowed

68, SAS Nagar, Mohali C/o Parikshit Aggarwal, Chartered 160062, Punjab Accountant, H.No. 1238, Sector 22B, Chandigarh "थायी लेखा सं./PAN NO: AABFO7316A अपीलाथ"/Appellant ""यथ"/Respondent "नधा"रती क" ओर से/Assessee by : Shri Parikshit Aggarwal, CA राज"व क" ओर से/ Revenue by : Dr. Ranjeet Kaur, Sr. DR आयकर अपील सं./ ITA No. 404/Chd/ 2021 "नधा"रण वष" / Assessment

M/S OVER AND ABOVE SOFTWARE AND INFRASTRUCTURE SOLUTION (OASIS),MOHALI vs. ITO, WARD 6(1),, MOHALI

In the result, both the appeals of the assessees are allowed

68, SAS Nagar, Mohali C/o Parikshit Aggarwal, Chartered 160062, Punjab Accountant, H.No. 1238, Sector 22B, Chandigarh "थायी लेखा सं./PAN NO: AABFO7316A अपीलाथ"/Appellant ""यथ"/Respondent "नधा"रती क" ओर से/Assessee by : Shri Parikshit Aggarwal, CA राज"व क" ओर से/ Revenue by : Dr. Ranjeet Kaur, Sr. DR आयकर अपील सं./ ITA No. 404/Chd/ 2021 "नधा"रण वष" / Assessment

PERIDOT KNITWEARS PRIVATE LIMITED,LUDHIANA vs. ITO WARD -7(5),, LUDHIANA

In the result, both the appeals of the assessees are allowed

68, SAS Nagar, Mohali C/o Parikshit Aggarwal, Chartered 160062, Punjab Accountant, H.No. 1238, Sector 22B, Chandigarh "थायी लेखा सं./PAN NO: AABFO7316A अपीलाथ"/Appellant ""यथ"/Respondent "नधा"रती क" ओर से/Assessee by : Shri Parikshit Aggarwal, CA राज"व क" ओर से/ Revenue by : Dr. Ranjeet Kaur, Sr. DR आयकर अपील सं./ ITA No. 404/Chd/ 2021 "नधा"रण वष" / Assessment

M/S A.K. CREATIVE OUTSOURCING SERVICES PVT.LTD,BADDI vs. DCIT,CPC/ITO, SOLAN

The appeal of the assessee is allowed

68,410/- u/s 36(l)(va) of the Act even when the appellant collected ESI and PF from salary of the employees and whole of the amount had been,' deposited well before the due date of filing of Income Tax Return.” 3. The ld. AR submits that the issue is fully covered in favour of the assessee by virtue

SHAKTI APIFOODS PRIVATE LIMITED,SANGRUR vs. ADIT,CPC/ DCIT-CIRCLE-IV, LUDHIANA

In the result, the addition so made towards the provision for gratuity amounting to Rs

Bench: Smt.Diva Singh & Shri Vikram Singh Yadavshakti Apifoods Private Limited. बनाम The Assessing Officer, Malerkotla Road, Circle-Iv(1), Sangrur. Ludhiana. "थायी लेखा सं./Pan No: Aamcs8546C

68,124/- towards late deposit of employees’ contribution to ESI & PF 3 A.Y.2019-20 and an amount of Rs.11,14,217/- on account of provision for gratuity. 3. On appeal, the Ld.CIT(A), NFAC has confirmed both the disallowances and against the said order, the assessee has now come up in appeal before us. 4. During the course of hearing

INCOME TAX OFFICER, WARD-1, MANDI GOBINDGARH, HQ SIRHIND vs. NEW FATEHGARH SAHIB SIRHIND BUS TRANSPORT PVT. LTD., SIRHIND

In the result the appeal of the Revenue is dismissed

Bench: The Due Date Under Section 139(1) Of The Act, The Cpc Has Relied

Section 43B where the due date is taken of filing of ITR would not come to the rescue of the assessee. The decision of Supreme Court is dated 12.10.2022 in Civil Appeal No. 2833 of 2016. Hence, point of law in favour of Department. Therefore, delay should be condoned and appeal be allowed and impugned order be set aside

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)

43B, as available from the income tax return; that it was thus, that net interest of Rs.8.77 crore was claimed as expense of interest during the year; that therefore, disallowance, if any, of proportionate notional interest at Average to Total Assets can be made only out of the interest of Rs.8.77 crore claimed by the assessee as interest expenditure during

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)

68 2.56% 1.74 million Crores LC/Guarantee EUR 30 204 3.50% 7.14 million Crores Total 8.88 Your honour would appreciate from the above that the services availed by DSM India resulted in benefit to the assessee and indeed added economic and commercial value to the business of the assessee. In case these services were not provided by the AEs the assessee

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)

68 2.56% 1.74 million Crores LC/Guarantee EUR 30 204 3.50% 7.14 million Crores Total 8.88 Your honour would appreciate from the above that the services availed by DSM India resulted in benefit to the assessee and indeed added economic and commercial value to the business of the assessee. In case these services were not provided by the AEs the assessee