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

terms of section 68 of the Act. Therefore, the assessee cannot escape from the burden cast upon him and unfortunately in these cases 18 I.T.A. Nos. 346 & 347/Asr/2024 Assessment Years: 2014-15 & 2015-16 the burden is heavy as the facts establish that the shares which were traded by the assessees had phenomenal and fanciful rise in price

MAX FINANCIAL SERVICE LIMITED ,NAWANSHAHR vs. PRINCIPAL COMMISSIONER OF INCOME TAX -1, JALANDHAR

In the result, the appeal of the assessee is therefore partly allowed

Price Acquisition Shares Acquisition share during the year 1-12-2005 36 7,21,290 500 euros 878.64 33,388 31-08-2006 2 33,27,46,972 500 euros 31-03-2014 2323 7,23,24,900 500 euros 878.64 20,41,087 2361 The above table shows the adjustments made by the assesses to book both short term

SATIA INDUSTRIES LIMITED,MUKTSAR, PUNJAB vs. DCIT, ACIT CIRCLE 1, BATHINDA

In the result, the appeal is partly allowed

Bench: Shri Udayan Das Gupta & Shri Krinwant Sahayआयकरअपीलसं./Ita No. 527/Asr/2024 िनधा"रणवष" / Assessment Year : 2020-21

short ‘TPO’) dated 5.12.2021 for A.Y. 2020-21. 2. Brief facts of the case, as per the order/directions of the Dispute Resolution Panel-1, New Delhi [herein referred to as ‘DRP’ ] dated 24.06.2024 for A.Y. 2020-21 are as under:- “Profile of the Assessee: Satia Industries Limited (hereinafter referred as 'the Assessee' or 'SIL' or The Company1) is a company

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

short term Capital gain of Rs. 26,72,454 on account of trading in shares " Issues of evidences related to agricultural income Copy of the notice u/s 263 is placed at pages 4 to 5 of the Paper Book. 4. Copy of the reply submitted to the PCIT u/s 263 ( Ist Revision) is placed at pages

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

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

short) issued notice to the assessee company under section 142(1) of the Act on 14.11.2011 along with questionnaire. 6.1 The AO being not satisfied with the submission of the appellant assesse, has completed the assessment vide order under section 143(3)/144C of the Act dated 02.02.2012 at an assessed income of Rs.4,20,04,589/-. 7. The assesse

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

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

short) issued notice to the assessee company under section 142(1) of the Act on 14.11.2011 along with questionnaire. 6.1 The AO being not satisfied with the submission of the appellant assesse, has completed the assessment vide order under section 143(3)/144C of the Act dated 02.02.2012 at an assessed income of Rs.4,20,04,589/-. 7. The assesse

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

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

short) issued notice to the assessee company under section 142(1) of the Act on 14.11.2011 along with questionnaire. 6.1 The AO being not satisfied with the submission of the appellant assesse, has completed the assessment vide order under section 143(3)/144C of the Act dated 02.02.2012 at an assessed income of Rs.4,20,04,589/-. 7. The assesse

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

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

short) issued notice to the assessee company under section 142(1) of the Act on 14.11.2011 along with questionnaire. 6.1 The AO being not satisfied with the submission of the appellant assesse, has completed the assessment vide order under section 143(3)/144C of the Act dated 02.02.2012 at an assessed income of Rs.4,20,04,589/-. 7. The assesse

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

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

short) issued notice to the assessee company under section 142(1) of the Act on 14.11.2011 along with questionnaire. 6.1 The AO being not satisfied with the submission of the appellant assesse, has completed the assessment vide order under section 143(3)/144C of the Act dated 02.02.2012 at an assessed income of Rs.4,20,04,589/-. 7. The assesse

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

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

short) issued notice to the assessee company under section 142(1) of the Act on 14.11.2011 along with questionnaire. 6.1 The AO being not satisfied with the submission of the appellant assesse, has completed the assessment vide order under section 143(3)/144C of the Act dated 02.02.2012 at an assessed income of Rs.4,20,04,589/-. 7. The assesse

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

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

short) issued notice to the assessee company under section 142(1) of the Act on 14.11.2011 along with questionnaire. 6.1 The AO being not satisfied with the submission of the appellant assesse, has completed the assessment vide order under section 143(3)/144C of the Act dated 02.02.2012 at an assessed income of Rs.4,20,04,589/-. 7. The assesse

SHRI GULBAHAR SINGH ,HOSHIARPUR vs. INCOME TAX OFFICER, DASUYA, DASUYA

In the result, the assessee’s appeal is partly allowed

Bench: Sh. Sanjay Arorai.T.A. No. 335/Asr/2018 Assessment Year: 2008-09

short) dated 29.3.2018, dismissing the assessee’s appeal contesting his assessment u/s. 143(3) r/w s .254 of the Income Tax Act, 1961 ('the Act' hereinafter) dated 08.11.2017 for the Assessment Year (AY) 2008-09. 2. The issue in the instant case is the correct valuation (as on 01.4.1981) of a plot of land, measuring 29.66 Marlas, the capital asset

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

price of the property. This fact of receipt of on-money under the agreement to sell by the appellant stands amply proved by the quantum of cash deposits made in the bank accounts of the appellant and family members. Hence, I do not find force in the contentions of the appellant and the judicial decisions relied upon are found

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

price of the property. This fact of receipt of on-money under the agreement to sell by the appellant stands amply proved by the quantum of cash deposits made in the bank accounts of the appellant and family members. Hence, I do not find force in the contentions of the appellant and the judicial decisions relied upon are found