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

section 68 on ground that assessee invested in shares of penny stock companies which provided bogus LTCG, since assessee failed

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

In the result, the appeal filed by assessee is allowed

Penny stock shares) - Assessment year 2014-\n15 - Whether before exercise of power under section 263 it is Principal Commissioner\nwho has to apply its mind to issue and thereafter record reasons as to how twin conditions\nof order of Assessing Officer being erroneous and prejudicial to interest of revenue are\nsatisfied and then issue a show-cause notice to assessee

SH. RAMAN KUMAR AGGARWAL,GURDAS PUR vs. DY. COMMISSIONER OF INCOME TAX , AMRITSAR

In the result, the appeal of assessee in ITA No

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

Penny Stocks. F) ROUTING OF UNACCOUNTED INCOME THROUGH BOGUS LTCG: During the course of search and subsequent proceedings, assessee himself admitted to the fact that there is generation of unaccounted income on account of unaccounted sales which is evident of disclosure made in statement of Sh. Raman Kumar Aggarwal in his statement recorded

SMT. DEEPTI AGGARWAL,GURDAS PUR vs. DY COMMISSIONER OF INCOME TAX, AMRITSAR

In the result, the appeal of assessee in ITA No

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

Penny Stocks. F) ROUTING OF UNACCOUNTED INCOME THROUGH BOGUS LTCG: During the course of search and subsequent proceedings, assessee himself admitted to the fact that there is generation of unaccounted income on account of unaccounted sales which is evident of disclosure made in statement of Sh. Raman Kumar Aggarwal in his statement recorded

SH.GAURAV AGGARWAL,GURDAS PUR vs. DY.COMMISSIONER OF INCOME TAX, AMRITSAR

In the result, the appeal of assessee in ITA No

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

Penny Stocks. F) ROUTING OF UNACCOUNTED INCOME THROUGH BOGUS LTCG: During the course of search and subsequent proceedings, assessee himself admitted to the fact that there is generation of unaccounted income on account of unaccounted sales which is evident of disclosure made in statement of Sh. Raman Kumar Aggarwal in his statement recorded

M/S RAMAN KUMAR AGGARWAL,GURDASPUR vs. DY. COMMISSIONER .OF. INCOME. TAX , AMRITSAR

In the result, the appeal of assessee in ITA No

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

Penny Stocks. F) ROUTING OF UNACCOUNTED INCOME THROUGH BOGUS LTCG: During the course of search and subsequent proceedings, assessee himself admitted to the fact that there is generation of unaccounted income on account of unaccounted sales which is evident of disclosure made in statement of Sh. Raman Kumar Aggarwal in his statement recorded

MESERS GANESH RICE MILLS,MUKTSAR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-II, BATHINDA

In the result the appeal of the assessee ITA No

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

68 r.w.s 115BBE of the Act) 3. Applying GP rate of 11.87% (But the NA addition of Rs. 2,72,17,362, were covered by the AO in addition of Rs. 15,54,20,000/- and no separate addition was made) Disallowance of expenses (1/4th and 4. 11,21,118 Ground Allowed NA 1/5th) as debited