IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH ****

202 ITA-107-2016 (O&M)

Date of Decision: 24.02.2026 PR. COMMISSIONER OF INCOME TAX ...Appellant Versus M/S VARDHAMAN ACRYLIC LIMITED ...Respondents And Sr. Case No. Appellant Respondent No.

2. ITA-109-2016 Pr. Commissioner of M/s Vardhaman Acrylic Income Tax Limited

3. ITA-162-2016 Pr. Commissioner of M/s Vardhaman Acrylic (O&M) Income Tax Limited

4. ITA-216-2016 Pr. Commissioner of M/s Vardhaman Acrylic Income Tax Limited CORAM:- HON'BLE MR. JUSTICE JAGMOHAN BANSAL HON'BLE MR. JUSTICE AMARINDER SINGH GREWAL Present:- Mr. Ranvijay Singh, Sr. Standing Counsel with Ms. Nikita Garg, Jr. Standing Counsel and Mr. Vidhul Kapoor, Advocate for the appellant-Income Tax Ms. Radhika Suri, Sr. Advocate with Mr. Abhinav Narang, Advocate and Ms. Parnika Singla, Advocate for respondent-assessee ***

JAGMOHAN BANSAL, J. (ORAL)

1. As common issues are involved in the captioned appeals, with the consent of both sides, the same are hereby disposed of by this common order. For the sake of brevity and convenience, facts are borrowed from ITA-107-2016.

2. The appellant through instant appeal under Section 260A of Income Tax Act, 1961 (for short ‘1961 Act