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)

256 1,023,622 5,793,878 TOTAL 2,77,90,068 11373255 39,163,323 Misc. Expenses Ludhiana (37%) Haridwar (63%) Consolidated Legal, Prof & 5048D37 8595305 13643342 Consultation Charges Gen Admin Exp 3671861 6252087 9923948 Gen Exp Others 1797157 3060025 4857182 Domestic Traveling & 1829640 3115333 4944973 Convey-other Foreign Traveling exp-others 2143735 3650143 5793878 TOTAL 1

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)

256 1,023,622 5,793,878 TOTAL 2,77,90,068 11373255 39,163,323 Misc. Expenses Ludhiana (37%) Haridwar (63%) Consolidated Legal, Prof & 5048D37 8595305 13643342 Consultation Charges Gen Admin Exp 3671861 6252087 9923948 Gen Exp Others 1797157 3060025 4857182 Domestic Traveling & 1829640 3115333 4944973 Convey-other Foreign Traveling exp-others 2143735 3650143 5793878 TOTAL 1

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)

256 1,023,622 5,793,878 TOTAL 2,77,90,068 11373255 39,163,323 Misc. Expenses Ludhiana (37%) Haridwar (63%) Consolidated Legal, Prof & 5048D37 8595305 13643342 Consultation Charges Gen Admin Exp 3671861 6252087 9923948 Gen Exp Others 1797157 3060025 4857182 Domestic Traveling & 1829640 3115333 4944973 Convey-other Foreign Traveling exp-others 2143735 3650143 5793878 TOTAL 1

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)

256 1,023,622 5,793,878 TOTAL 2,77,90,068 11373255 39,163,323 Misc. Expenses Ludhiana (37%) Haridwar (63%) Consolidated Legal, Prof & 5048D37 8595305 13643342 Consultation Charges Gen Admin Exp 3671861 6252087 9923948 Gen Exp Others 1797157 3060025 4857182 Domestic Traveling & 1829640 3115333 4944973 Convey-other Foreign Traveling exp-others 2143735 3650143 5793878 TOTAL 1

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)

256 1,023,622 5,793,878 TOTAL 2,77,90,068 11373255 39,163,323 Misc. Expenses Ludhiana (37%) Haridwar (63%) Consolidated Legal, Prof & 5048D37 8595305 13643342 Consultation Charges Gen Admin Exp 3671861 6252087 9923948 Gen Exp Others 1797157 3060025 4857182 Domestic Traveling & 1829640 3115333 4944973 Convey-other Foreign Traveling exp-others 2143735 3650143 5793878 TOTAL 1

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)

256 1,023,622 5,793,878 TOTAL 2,77,90,068 11373255 39,163,323 Misc. Expenses Ludhiana (37%) Haridwar (63%) Consolidated Legal, Prof & 5048D37 8595305 13643342 Consultation Charges Gen Admin Exp 3671861 6252087 9923948 Gen Exp Others 1797157 3060025 4857182 Domestic Traveling & 1829640 3115333 4944973 Convey-other Foreign Traveling exp-others 2143735 3650143 5793878 TOTAL 1

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)

256 1,023,622 5,793,878 TOTAL 2,77,90,068 11373255 39,163,323 Misc. Expenses Ludhiana (37%) Haridwar (63%) Consolidated Legal, Prof & 5048D37 8595305 13643342 Consultation Charges Gen Admin Exp 3671861 6252087 9923948 Gen Exp Others 1797157 3060025 4857182 Domestic Traveling & 1829640 3115333 4944973 Convey-other Foreign Traveling exp-others 2143735 3650143 5793878 TOTAL 1

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)

256 1,023,622 5,793,878 TOTAL 2,77,90,068 11373255 39,163,323 Misc. Expenses Ludhiana (37%) Haridwar (63%) Consolidated Legal, Prof & 5048D37 8595305 13643342 Consultation Charges Gen Admin Exp 3671861 6252087 9923948 Gen Exp Others 1797157 3060025 4857182 Domestic Traveling & 1829640 3115333 4944973 Convey-other Foreign Traveling exp-others 2143735 3650143 5793878 TOTAL 1

DEPUTY COMMISSIONER OF INCOME TAX, CHANDIGARH vs. JAMES HOTELS LTD, CHANDIGARH

Bench: The Said Resolution To Enhance Authorized Share Capital.

256] wherein it was held that amount of Rs. 1,75,00,000/- received towards share application money would not fall under the preview of 'loan or deposit' u/s 269SS of the Act and consequently the penalty u/s 27ID of the Act was not liveable and the AO was therefore, directed to delete the penalty of Rs. 1

ACIT, CIRCLE, SHIMLA vs. SHRI VINOD SHARMA, NEW DELHI

In the result, the appeal of the Revenue is dismissed

Bench: Shri A.D. Jain & Dr Krinwant Sahayआयकर अपील सं./ Ita No. 1449/Chd/2019 "नधा"रण वष" / Assessment Year: 2015-16 The Acit, Vs. Shri Vinod Sharma, बनाम B-1/3, Circle, Safdarjang Enclave, Shimla New Delhi 110029 "थायी लेखा सं./Pan No: Abkps1560N अपीलाथ"/ Appellant ""यथ"/ Repsondent (Hybrid Mode ) "नधा"रती क" ओर से/Assessee By : Sh. Vishal Mohan, Sr. Advocate With Shri Ahninav Bazwaria, Advocate राज"व क" ओर से/ Revenue By : Smt. Kusum Bansal, Cit Dr सुनवाई क" तार"ख/Date Of Hearing : 10.06.2024 उदघोषणा क" तार"ख/Date Of Pronouncement : 09.07.2024

price after adjusting the above and also the cost of the same was also enhanced in accordance with the said agreement. The appellant has placed on record a copy of the receipt to show further amount of Rs.4,20,781/- which was paid on 30.05.2014. Even otherwise, the appellant has relied on the Circular issued by CBDT number 471 dated

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

transferring the jurisdiction of the case, which direction has been complied with by producing the section 127 order dated 5.3.2002. 9. The ld. DR has placed reliance on the order of the DRP in this regard, contending that as correctly taken note of by the ld. DRP, the Assessee had itself mentioned its status as “Non-Resident” in its return

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

transferring the jurisdiction of the case, which direction has been complied with by producing the section 127 order dated 5.3.2002. 9. The ld. DR has placed reliance on the order of the DRP in this regard, contending that as correctly taken note of by the ld. DRP, the Assessee had itself mentioned its status as “Non-Resident” in its return

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

transferring the jurisdiction of the case, which direction has been complied with by producing the section 127 order dated 5.3.2002. 9. The ld. DR has placed reliance on the order of the DRP in this regard, contending that as correctly taken note of by the ld. DRP, the Assessee had itself mentioned its status as “Non-Resident” in its return

INCOME TAX OFFICER, WARD-1(3), LUDHIANA, LUDHIANA vs. SHREE BALAJI PROCESSORS, LUDHIANA

In the result, appeal of the Revenue is dismissed whereas, the 29

Bench: Shri A.D. Jain & Dr Krinwant Sahayआयकर अपील सं./ Ita No. 499/Chd/2023 "नधा"रण वष" / Assessment Year : 2017-18 The Ito, Vs. Shree Balaji Processors, बनाम Ward-1(3), Tajpur Road, Ludhiana Opp. Central Jail, Ludhiana 141010 "थायी लेखा सं./Pan No: Actfs8428B अपीलाथ"/ Appellant ""यथ"/ Repsondent & C.O. No. 09/Chd/2024 ( In आयकर अपील सं./ Ita No. 499/Chd/2023) "नधा"रण वष" / Assessment Year : 2017-18 Shree Balaji Processors, Vs. The Ito, बनाम Tajpur Road, Ward-1(3), Opp. Central Jail, Ludhiana Ludhiana 141010 "थायी लेखा सं./Pan No: Actfs8428B अपीलाथ"/ Appellant ""यथ"/ Repsondent ( Physical Hearing ) "नधा"रती क" ओर से/Assessee By : Shri Sudhir Sehgal, Advocate राज"व क" ओर से/ Revenue By : Smt. Kusum Bansal, Cit Dr सुनवाई क" तार"ख/Date Of Hearing : 26.06.2024 उदघोषणा क" तार"ख/Date Of Pronouncement : 20.08.2024

256, copy at page; 14 to43 of Paper Book. vi) Reliance in this regard is placed on the following judgements, wherein it has been held that where the cash credits have been declared as sales by the assessee than making addition of the same under section 68/69 of the act is prohibited, as the same shall amount to double taxation