INCOME TAX OFFICER WARD-2 (1), JAMMU vs. SHRI MOHD ASLAM BAGGAR, JAMMU

In the result, the appeal of the department is dismissed

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

1) sub-clause (i) of section 10(37) of the Income tax Act, 1961 mentioning that the land which is situated in any area referred to in item (a) or item (b) of section 2(14)(iii) is exempt from charging to capital gain. (2) under sub-clause (ii) of section 10(37) of the Income tax Act, 1961 mentioning

SH. VIJAY KUMAR,PROP. ,MOGA vs. INCOME TAX OFFICER WARD-3, MOGA

In the result, the appeal filed by the assessee is dismissed

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

143(2), assessee, for first time, the assessee stated that due to inadvertence, it did not disclose particulars relating to capital gains, it was clear that assessee did not act bonafidely and, therefore, penalty under section 271(1

M/S CITI PLAZA,JALANDHAR vs. INCOME TAX OFFICER , WARD 3(1), JALANDHAR

In the result, the appeal of the assessee bearing ITA No

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

capital gain, if any was assessable in AY 2006-07, which claim had been accepted by his predecessor to delete the addition made in AY 2005-06, now the contentions raised by assessee were totally misleading and contrary to facts. 4. The assessee had relied upon a plethora of under noted cases, wherein the findings/directions were elaborately explained

THE ASSTT. COMMISSIONER OF INCOME TAX, JALANDHAR vs. M/S BROADWAY OVERSEAS LTD., JALANDHAR

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

143(3)/144C of the Act dated 02.02.2012 at an assessed income of Rs.4,20,04,589/-. 7. The assesse being aggrieved with the Assessment Order, went in appeal before the Ld. CIT(A) who has granted major relief to the assessee by observing as under: “8.2 I have considered the observations of the Assessing Officer as made

THE ASSTT. COMMISSIONER OF INCOME TAX, JALANDHAR vs. M/S BROADWAY OVERSEAS LTD., JALANDHAR

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

143(3)/144C of the Act dated 02.02.2012 at an assessed income of Rs.4,20,04,589/-. 7. The assesse being aggrieved with the Assessment Order, went in appeal before the Ld. CIT(A) who has granted major relief to the assessee by observing as under: “8.2 I have considered the observations of the Assessing Officer as made

THE ASSTT. COMMISSIONER OF INCOME TAX, JALANDHAR vs. M/S BROADWAY OVERSEAS LTD., JALANDHAR

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

143(3)/144C of the Act dated 02.02.2012 at an assessed income of Rs.4,20,04,589/-. 7. The assesse being aggrieved with the Assessment Order, went in appeal before the Ld. CIT(A) who has granted major relief to the assessee by observing as under: “8.2 I have considered the observations of the Assessing Officer as made

BRODAWAYS OVERSEAS LIMITED,JALANDHAR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1, JALANDHAR

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

143(3)/144C of the Act dated 02.02.2012 at an assessed income of Rs.4,20,04,589/-. 7. The assesse being aggrieved with the Assessment Order, went in appeal before the Ld. CIT(A) who has granted major relief to the assessee by observing as under: “8.2 I have considered the observations of the Assessing Officer as made

THE ASSTT. COMMISSIONER OF INCOME TAX, JALANDHAR vs. M/S BROADWAY OVERSEAS LTD., JALANDHAR

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

143(3)/144C of the Act dated 02.02.2012 at an assessed income of Rs.4,20,04,589/-. 7. The assesse being aggrieved with the Assessment Order, went in appeal before the Ld. CIT(A) who has granted major relief to the assessee by observing as under: “8.2 I have considered the observations of the Assessing Officer as made

THE ASSISTANT COMMISSIONER OF INCOME TAX, JALANDHAR vs. M/S BROADWAYS OVERSEAS LTD, JALANDHAR

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

143(3)/144C of the Act dated 02.02.2012 at an assessed income of Rs.4,20,04,589/-. 7. The assesse being aggrieved with the Assessment Order, went in appeal before the Ld. CIT(A) who has granted major relief to the assessee by observing as under: “8.2 I have considered the observations of the Assessing Officer as made

THE ASSTT. COMMISSIONER OF INCOME TAX, JALANDHAR vs. M/S BROADWAYS OVERSEAS LTD, JALANDHAR

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

143(3)/144C of the Act dated 02.02.2012 at an assessed income of Rs.4,20,04,589/-. 7. The assesse being aggrieved with the Assessment Order, went in appeal before the Ld. CIT(A) who has granted major relief to the assessee by observing as under: “8.2 I have considered the observations of the Assessing Officer as made

SMT. INDERMEET BAINS W/O SH. D.S. BAINS,BATHINDA vs. PR. COMMISSIONER OF INCOME TAX , BATHINDA

The appeal of the assessee is disposed of in the term indicated as above

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

1. That the learned Principal Commissioner of Income Tax (PCIT), Bathinda has erred in assuming jurisdiction under section 263 of the Income Tax Act (the act) and thereby setting aside the order of Assessing Officer (AO) made under section 143(3) read with section 263 of the Act with direction to frame the assessment de novo. 2. That the learned

MR RUDER MANI WALIA,JALANDHAR vs. INCOME TAX OFFICER WARD-2 (3), JALANDHAR

In the result, the appeal of the assessee bearing ITA No

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjeei.T.A. No.257/Asr/2022 Assessment Year: 2017-18

143(1) and computed gross total income of Rs.6042508/-. The addition of Rs.4679856/- has been made on account of proceedings received on LIC maturity which has already been taken Into account under the head long term capital gain. Aggrieved. The assessee filed this appeal. I.T.A. No.257/Asr/2022 4 Assessment Year: 2017-18 6.1) The appellant claims that during the year under

SMT. SATYAWATI MARWAHA THROUGH LEGAL HEIR SH. CHANDER SHEIKHAR MARWAHA,JALANDHAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, JALANDHAR

In the result, the appeal for Asstt

Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta

1. That the order passed by the Hon'ble CIT(A) dated 31.05.2024 is against the law and facts of the case. 2. That having regard to the facts and circumstances of the case, Hon'ble CIT(A) has erred in law and on facts in confirming the action of Ld. AO in framing the impugned assessment order

SMT. SATYAWATI MARWAHA THROUGH LEGAL HEIR SH, CHANDER SHEIKHAR MARWAHA,JALANDHAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, JALANDHAR

In the result, the appeal for Asstt

Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta

1. That the order passed by the Hon'ble CIT(A) dated 31.05.2024 is against the law and facts of the case. 2. That having regard to the facts and circumstances of the case, Hon'ble CIT(A) has erred in law and on facts in confirming the action of Ld. AO in framing the impugned assessment order

ESTATE OF SH. JAGIR SINGH BHULLAR,AMRITSAR. vs. THE INCOME TAX OFFICER, TARN TARAN

In the result, the appeals of the assessee is partly allowed

Bench: Shri N.K. Choudhry, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita Nos.306/Asr/2014 & 591/Asr/2015 ("नधा"रणवष" / Assessment Year: 2007-08) Estate Of Sh. Jagir Singh Bhullar Vs. Income Tax Officer, Through S. Jasbir—Singh Ward-1(3), Bhullar, Tarn Taran, E-250 Ranjit Avenue, Amritsar, Punjab. Punjab.

1. That the Assessment Order passed by Ld. Assessing Officer u/s. 143(3)/147 of the Income- tax Act, 1961, as well as the Appellant order passed by worthy CIT (A) are illegal, arbitrary and contrary to the facts on records and this illegality pervades over all other grounds of appeal. 2. That facts stated in the assessment order

THE INCOME TAX OFFICER, TARN TARAN vs. ESTATE OF LATE SH. JAGIR SINGH BHULLAR, TARN TARAN

In the result, the appeals of the assessee is partly allowed

Bench: Shri N.K. Choudhry, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita Nos.306/Asr/2014 & 591/Asr/2015 ("नधा"रणवष" / Assessment Year: 2007-08) Estate Of Sh. Jagir Singh Bhullar Vs. Income Tax Officer, Through S. Jasbir—Singh Ward-1(3), Bhullar, Tarn Taran, E-250 Ranjit Avenue, Amritsar, Punjab. Punjab.

1. That the Assessment Order passed by Ld. Assessing Officer u/s. 143(3)/147 of the Income- tax Act, 1961, as well as the Appellant order passed by worthy CIT (A) are illegal, arbitrary and contrary to the facts on records and this illegality pervades over all other grounds of appeal. 2. That facts stated in the assessment order

M/S. GULZAR SINGH GURBACHAN SINGH,DISTT.BATHINDA vs. THE INCOME-TAX OFFICER, BATHINDA

In the result, the assessee’s appeals are dismissed

Bench: Sh. Sanjay Arorai.T.A. Nos. 146&147/Asr/2014 Assessment Years: 2007-08&2008-09

capital account balances in view of section 184(5) of the Act, which reads as under: ‘CHAPTER XVI A. – Assessment of firms Assessment as a firm. 184. (1) A firm shall be assessed as a firm ……. (2) to (4) …… (5) Notwithstanding anything contained in any other provision of this Act, where, in respect of any assessment year, there

M/S. GULZAR SINGH GURBACHAN SINGH,DISTT.BATHINDA vs. THE INCOME-TAX OFFICER, BATHINDA

In the result, the assessee’s appeals are dismissed

Bench: Sh. Sanjay Arorai.T.A. Nos. 146&147/Asr/2014 Assessment Years: 2007-08&2008-09

capital account balances in view of section 184(5) of the Act, which reads as under: ‘CHAPTER XVI A. – Assessment of firms Assessment as a firm. 184. (1) A firm shall be assessed as a firm ……. (2) to (4) …… (5) Notwithstanding anything contained in any other provision of this Act, where, in respect of any assessment year, there

M/S ACTIVE TOOLS (P). LIMITED,JALANDHAR vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE -II, JALANDHAR

Bench: : Shri Laliet Kumar & Dr. Mitha Lal Meena

capital gains, nor as it income from "other sources" because the provisions of sections 69,69A, 69B and 69 treat unexplained investments, unexplained money, bullion etc. and unexplained expenditure as deemed income where the nature and sources of investment, acquisition or expenditure, as the case may be, have not been explained or satisfactorily explained. Therefore, in these cases, the source