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

3. return for the year 2014-15 on 31.03.2015 , declaring a total income of Rs.80,270/-, ( which included income from house property at Rs.75,600/-, short term capital loss at (Rs.30,618/-), income from bank interest at Rs.17,667/- and LTCG (long term capital gains) amounting to Rs.2,02, 30,196/- which has been claimed as exempt

POONAM MARWAHA,AMRITSAR vs. ACIT DCIT CEN CIR, AMRITSAR

In the result, the appeal filed by assessee is allowed

Capital gains - Special\nprovision for computation of full value consideration (Revision) - Assessee had filed its\nreturn and same was processed under section 143(1) Subsequently, Principal\nCommissioner invoked revision under section 263 on ground that a land was sold by\nassessee to an entity below value adopted by concerned authority for levy of stamp duty,\nand therefore, there was under

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

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

INCOME TAX OFFICER WARD-2 (2), MUKTSAR vs. AJAIB SINGH, VILLAGE BHARU

In the result, the appeal of the revenue is dismissed

Bench: Sh. Udayan Dasgupta & Sh. Krinwant Sahay(Hybrid Hearing) I.T.A. No. 354/Asr/2024 Assessment Year: 2012-13

section 54B holding that the same is not allowable against the sale of a capital asset other than agricultural land. The Assessing Officer passed an order u/s 143(3) r.w.s. 147 dated 28.12.2019 assessing the Long Term Capital Gain

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

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 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

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

INCOME TAX OFFICER, INCOME TAX OFFICE vs. VIKAS MEHRA, THE MALL

In the result, the appeal filed by the revenue is dismissed being devoid of

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

gains is not a charging section under the IT Act and there is no sale either..." ignoring the fact that the addition had been made by the AG on account of increase in capital under the head "undisclosed sources due to enhanced value adopted in the balance sheet of inherited properties on which no tax or reasons for adopting enhanced

SH. GURJINDER SINGH,AMRITSAR vs. PR. COMMISSIONER OF INCOME TAX -1, AMRITSAR

In the result, appeal of the assessee is allowed

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

3)—CIT wrongly assumed jurisdiction under s. 263 on the ground that there was failure of the AO to examine the issue of earning of capital gain and transaction relating to investments—Observation of the CIT that the AO had arrived at his finding without conducting an enquiry was erroneous—Tribunal was justified in coming to the conclusion that recourse

HARBANS SINGH,P.O. KHERA DONA vs. INCOME TAX OFFICER, BSNL EXCHANGE COLONY

In the result, the appeal filed by the assessee is dismissed being devoid of merits

Bench: Dr. M. L. Meena & Sh. Udayan Dasgupta

143(1), on a total income of Rs.32.46 lakhs by CPC, Bangalore, treating the interest received as “income from other source”. 5. The matter carried in first appeal by the assessee claiming exemption u/s 10(37) of the Act 61, on the ground that the interest received is a part of the compensation which is exempt

SHRI AMRITPAL SINGH (PROP),JALANDHAR vs. PRINCIPAL COMMISSIONER OF INCOME TAX- 1, JALANDHAR

In the result, appeal of the assessee ITA No

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

143(3) dated 20nd December, 2016 (Refer page No.32-36 of APB).The asseseealso relies upon the pronouncements per contents of the judgement set separately filed along with present written submission which can be perused in this regard i.e.a)Commissioner of Income Tax Vs. Sunbeam Auto Limited (Delhi High Court) b) Mandeep Singh Dhillon vs. Principal Commissioner of Income Tax (ITAT

SHRI. NITIN PAL SINGH ,JALANDHAR vs. INCOME TAX OFFICER WARD-3(3), JALANDHAR

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

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

section 145(3) of the Act. Conclusion drawn by learned CIT(A) that “there is no infirmity in the proceedings adopted by AssessingOfficer and assessment order passed by Assessing Officer u/s 143(3) of the Act is valid” is bad in law & as such illegal. 2. (a) That on the facts and circumstances of the case, Learned Commissioner of Income

INCOME TAX OFFICER WARD-3(5), JALANDHAR vs. SHRI NITIN PAL SINGH , JALANDHAR

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

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

section 145(3) of the Act. Conclusion drawn by learned CIT(A) that “there is no infirmity in the proceedings adopted by AssessingOfficer and assessment order passed by Assessing Officer u/s 143(3) of the Act is valid” is bad in law & as such illegal. 2. (a) That on the facts and circumstances of the case, Learned Commissioner of Income