M/S ROCKMAN CYCLES INDS. LTD. vs. COMMR. OF INCOME TAX, LDH. AND ANR.
The appeals are allowed and impugned orders are
ITA/244/2005HC Punjab & Haryana09 Feb 2023
Bench: MS. JUSTICE RITU BAHRI,MRS. JUSTICE MANISHA BATRA
Section 143Section 260Section 37
150/- for the assessment year 1996-97
on 28.11.1996 and the same was processed under Section 143 (1) (a) of Act
1961, vide order dated 21.03.1997. The appellant-Company engaged in the
business of manufacturing of cycles. During the relevant assessment year
(96-97), the appellant-company claimed deduction on account of travelling
expenditure incurred on the director's wife
