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

147 as envisaged under the Income Tax Act, 1961. 3. 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 u/s 144r.w.s 147of the Income tax Act and without complying with the mandatory conditions u/s

SHRI RAMESH KUMAR ,BATHINDA vs. INCOME TAX OFFICER WARD-1(3), BATHINDA

Bench: Sh. Ravish Sood & Dr. M. L. Meena

Capital Gain (“LTCG”, for short) on sale of the land in question. In reply, it was submitted by the assessee that he had sold his share [194,3/8 biswa part] in land [i.e 33 Bigha – 12 Biswa Kacha Nehri Berani] situated at Patti Jhutti within the Municipal Committee limits of Bathinda (Code No. 0002 Sr. No. 0224), and his share

SHRI BARJINDERPAL SINGH BHULLAR,MOHALI vs. INCOME TAX OFFICER WARD- 1 (3), BATHINDA

Accordingly, the appeal filed by the assessee is allowed in terms of our aforesaid observations

Bench: Sh. Ravish Sood & Dr. M. L. Meena

reassessment proceedings initiated u/s 147/148 by the AO were void ab-initio because the reasons recorded by the AO to issue notice u/s 148 are reasons to suspect and not reasons to believe. 4. That the Ld. CIT(A) erred on facts and law in confirming the taxability of Rs. 32,00,000/- as Long Term Capital Gain without allowing

SHRI BRIJINDERPAL SINGH BHULLAR,MOHALI vs. INCOME TAX OFFICER WARD- 1 (3), BATHINDA

Accordingly, the appeal filed by the assessee is allowed in terms of our aforesaid observations

Bench: Sh. Ravish Sood & Dr. M. L. Meena

reassessment proceedings initiated u/s 147/148 by the AO were void ab-initio because the reasons recorded by the AO to issue notice u/s 148 are reasons to suspect and not reasons to believe. 4. That the Ld. CIT(A) erred on facts and law in confirming the taxability of Rs. 32,00,000/- as Long Term Capital Gain without allowing

SMT. SATVIR KAUR W/O SH. SHINDER SINGH,FEROZEPUR vs. PRINCIPAL COMMISSIONER OF INCOME TAX-1, AMRITSAR

In the result, the appeal of the assessee is allowed

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

Short Term Capital Gain, exemption u/s 10(36) of the Act, deduction u/s 57 of the Act and unsecured loans and the assessees furnished all the relevant documents which were examined by the AO who has taken a possible view. Therefore, it is our considered view that there was a due application of mind on the part

SMT. GURJEET KAUR,JALANDHAR vs. INCOME TAX OFFICER, WARD- IV (2),, JALANDHAR

The appeal of the assessee is allowed in terms of our

Bench: Sh. Ravish Sood & Dr. M. L. Meena

147 r.w.s 143(3), dated 30.03.2016, as well as on merits challenged the addition of Rs. 1.50 crore (supra) that was made by him, viz. (i). the A.O had though reopened the assessment on the ground that an amount of Rs. 1.50 crore (supra) received by the assessee from Sh. Surjit Singh (supra) without any consideration was liable

SMT. GURJEET KAUR,JALANDHAR vs. INCOME TAX OFFICER, WARD- IV (2),, JALANDHAR

The appeal of the assessee is allowed in terms of our

Bench: Sh. Ravish Sood & Dr. M. L. Meena

147 r.w.s 143(3), dated 30.03.2016, as well as on merits challenged the addition of Rs. 1.50 crore (supra) that was made by him, viz. (i). the A.O had though reopened the assessment on the ground that an amount of Rs. 1.50 crore (supra) received by the assessee from Sh. Surjit Singh (supra) without any consideration was liable