AMAN THUKRAL,LUDHIANA vs. INCOME TAX OFFICER WARD 2(1), LUDHIANA , LUDHIANA

Accordingly, Additional Ground No. 1 is allowed for statistical

Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. KRINWANT SAHAY (Accountant Member)

144B and made various additions including ₹3,60,17,756 on account of alleged bogus purchases, along with other disallowances. D. The assessee submitted that all purchases were genuine and supported by documentary evidence such as GST returns (GSTR-2A), purchase invoices, bank statements, supplier confirmations, and books of account. E. It was argued that GST registrations of suppliers were

INCOME TAX OFFICER, WARD-1, JIND, JIND vs. VIKAS JAIN, JIND

In the result, the assessee succeeds in its cross-objection

Bench: Hon’Ble Shri Laliet Kumar, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकरअपीलसं./ Ita No.838/Chandi/2024 (िनधा"रणवष" / Assessment Year: 2018-19) Income Tax Officer Shri Vikas Jain बनाम/ Ward 1 Nav Bharat Steel & General Industries Vs. Jind-126102. Indira Bazar, Jind-126102. "ायीलेखासं./जीआइआरसं./Pan/Gir No. Aeqpj-3689-E (अपीलाथ"/Appellant) : (""थ" / Respondent) & 2. Co No. 28/Chandi/2025 [In Ita No.838/Chandi/2024) Shri Vikas Jain Income Tax Officer बनाम/ Nav Bharat Steel & General Industries Ward 1 Vs. Indira Bazar, Jind-126102. Jind-126102. "ायीलेखासं./जीआइआरसं./Pan/Gir No. Aeqpj-3689-E (Cross Objector) : (Respondent) Assessee By : Shri Suresh Gupta (Ca) – Ld. Ar Revenue By : Smt. Tarundeep Kaur (Cit) – Ld. Dr सुनवाईकीतारीख/Date Of Hearing : 01-09-2025 घोषणाकीतारीख /Date Of Pronouncement : 11/11/2025

144B of the Act on 27-03-2023. The grounds of appeal read as under: - 1. The Ld. CIT(A) has erred in deleting the addition of Rs.7,67,89,408/- made by the faceless assessment unit on account of bogus purchase made by the assessing of Rs.7,38,35,970/- and commission paid by the assessee at Rs.29

THE THANESAR CO-OP MARKETING CUM PROCESSING SOCIETY LIMITED,KURUKSHETRA, HARYANA vs. INCOME TAX OFFICER, WARD-1, KURUKSHETRA, HARYANA, KURUKSHETRA, HARYANA.

Bench: This Tribunal. The Assessee Is Aggrieved By The Order Bearing No.Itba/Nfac/S/250/2024-

bogus purchases without considering that assessee is a cooperative society working on behalf of HAFED, NAFED etc. and all the purchases are genuine and legitimate duly supported by the documents and evidences as submitted by the assessee on 21.03.2024 and 23.03.2024 on the Income Tax E-portal in appeal proceedings. 7. That the Id. CTT (A) has erred in passing

SMT. TEENA GARG,CHANDIGARH vs. PCIT, PANCHKULA

In the result, appeal of the assessee is allowed

bogus long term capital gain during the F.Y 2014-15\nrelevant to the A.Y. 2015-16.\n\n\n2.2 By taking note of the aforesaid, the case of the assessee was\nreopened under Section 147 of the Act after taking prior approval of\nhigher authorities by Ld. AO.\n\n\n2.3 Following notices had been e-served to the assessee

SHARMANJI YARNS PRIVATE LIMITED,LUDHIANA vs. PRINCIPAL COMMISSIONER OF INCOME TAX-1, LUDHIANA, LUDHIANA

The appeal stand allowed in terms of our above order

Bench: SHRI LALIET KUMAR (Judicial Member), SHRI MANOJ KUMAR AGGARWAL (Accountant Member)

144B of the Act on 28-09-2022. 2. The Ld. AR advanced arguments supporting the assessment order and made out a case of one of the possible views as taken by Ld. AO during the course of regular assessment proceedings. The Ld. AR contended that sufficient explanations and documents were already furnished by the assessee during the course

MEHTA KARYANA STORE,YAMUNA NAGAR vs. INCOME TAX OFFICER, WARD-3, YAMUNA NAGAR, YAMUNA NAGAR,

In the result, appeal of the Assessee is allowed

Bench: The Ld. Cit(A). The Ld. Cit(A), After Obtaining A Remand Report From The Assessing Officer Had Confirmed The Addition Made By The Assessing Officer.

144B and made additions of: Rs. 98,60,514/- u/s 68, treating sales as bogus;  Rs. 9,85,45,818/- u/s 69A, treating purchases/sales as unexplained.  3. Feeling aggrieved by the order passed by the Assessing Officer, the assessee preferred the appeal before the Ld. CIT(A). The Ld. CIT(A), after obtaining a remand report from the Assessing Officer

BHAWANI INDUSTRIES PRIVATE LIMITED,MANDI GOBINDGARH vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE, PATIALA

In the result, appeal filed by the Revenue is dismissed whereas, the appeal filed by the Assessee stands allowed

Bench: SHRI LALIET KUMAR (Judicial Member), SHRI. KRINWANT SAHAY (Accountant Member)

144B of the Income Tax Act, 1961 was framed by National Faceless Assessment Centre at a total income of Rs. 25,59,04,046/- vide order dated 16.12.2022. While framing assessment, following additions were made by the Learned Assessing Officer: - (a) Addition of Rs. 17,65,00,000/- u/s 37 on the ground that the assessee could not prove that

DY. CIT, CIRCLE, PATIALA, PATIALA vs. BHAWANI INDUSTRIES PVT. LTD., MANDI GOBINDGARH

In the result, appeal filed by the Revenue is dismissed whereas, the appeal filed by the Assessee stands allowed

Bench: SHRI LALIET KUMAR (Judicial Member), SHRI. KRINWANT SAHAY (Accountant Member)

144B of the Income Tax Act, 1961 was framed by National Faceless Assessment Centre at a total income of Rs. 25,59,04,046/- vide order dated 16.12.2022. While framing assessment, following additions were made by the Learned Assessing Officer: - (a) Addition of Rs. 17,65,00,000/- u/s 37 on the ground that the assessee could not prove that

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1(1), CHANDIGARH, CHANDIGARH vs. FRONTIER AGROTECH PRIVATE LIMITED, CHANDIGARH

Bench: The Appeal Is Heard Or Is Disposed Off.

144B at a total income of Rs.168,60,19,367/-, while simultaneously initiating penalty proceedings for under-reporting of income. 4. Against the order of the AO the assessee went in appeal before the Ld. CIT(A). The Ld. CIT(A), upon a careful consideration of the assessment order, submissions filed during appeal proceedings, and the material placed on record

ASSTT. COMMISSIONER OF INCOME TAX, CIRCLE-I, LUDHIANA, LUDHIANA vs. SHARMANJI YARNS PRIVATE LIMITED, LUDHIANA

Appeal stand allowed in terms of our above order

Bench: Hon’Ble Shri Rajpal Yadav & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकर अपील सं. / Ita No.609/Chandi/2025 (िनधा"रण वष" / Assessment Year: 2018-19) Acit-Circle-1 Sharmanji Yarns Pvt. Ltd. Aaykar Bhawan, Rishi Nagar बनाम/ Village Lakhowal Road Ludhiana – 141001 Kohara, Jandiali Vs. Ludhiana - 141112 "ायीलेखासं./जीआइआरसं./Pan/Gir No. Aahcs-6629-R (अपीलाथ"/Appellant) : (""थ" / Respondent) & 2. आयकर अपील सं. / Ita No.646/Chandi/2025 (िनधा"रण वष" / Assessment Year: 2018-19) Sharmanji Yarns Pvt. Ltd. Dcit-Circle-1 बनाम/ Village Lakhowal Road Aaykar Bhawan, Rishi Nagar Kohara, Jandiali Ludhiana – 141001 Vs. Ludhiana - 141112 "ायीलेखासं./जीआइआरसं./Pan/Gir No. Aahcs-6629-R (अपीलाथ"/Appellant) : (""थ" / Respondent) Assessee By : Shri Tej Mohan Singh (Advocate) – Ld. Ar Revenue By : Smt. Kusum Bansal (Cit)(Virtual) A/W Dr. Ranjit Kaur (Addl. Cit) – Ld. Drs सुनवाईकीतारीख/Date Of Hearing : 08-10-2025 घोषणाकीतारीख /Date Of Pronouncement : 12/11/2025

144B of the Act on 21-03-2024. The sole issue that arises for our consideration is addition of alleged bogus purchases for Rs.29.69 Crores as made by Ld. AO in the assessment order for purchases made by the assessee from four parties as tabulated on Page-2 of the assessment order. The Ld. CIT(A) has estimated addition

SHARMANJI YARNS PRIVATE LIMITED,LUDHIANA PUNJAB vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE -1, LUDHIANA, LUDHIANA

Appeal stand allowed in terms of our above order

Bench: Hon’Ble Shri Rajpal Yadav & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकर अपील सं. / Ita No.530/Chandi/2025 (िनधा"रण वष" / Assessment Year: 2016-17) Jcit (In Situ) M/S Sharmanji Yarns Pvt. Ltd. Aaykar Bhawan, Rishi Nagar बनाम/ Village Lakhowal Road Ludhiana – 141001 Kohara, Jandiali Vs. Ludhiana - 141112 "ायीलेखासं./जीआइआरसं./Pan/Gir No. Aahcs-6629-R (अपीलाथ"/Appellant) : (""थ" / Respondent) & 2. आयकर अपील सं. / Ita No.596/Chandi/2025 (िनधा"रण वष" / Assessment Year: 2016-17) M/S Sharmanji Yarns Pvt. Ltd. Dcit-Circle-1 बनाम/ Village Lakhowal Road Aaykar Bhawan, Rishi Nagar Kohara, Jandiali Ludhiana – 141001 Vs. Ludhiana - 141112 "ायीलेखासं./जीआइआरसं./Pan/Gir No. Aahcs-6629-R (अपीलाथ"/Appellant) : (""थ" / Respondent) Assessee By : Shri Tej Mohan Singh (Advocate) – Ld. Ar Revenue By : Smt. Kusum Bansal (Cit)(Virtual) A/W Dr. Ranjit Kaur (Addl. Cit) – Ld. Drs सुनवाईकीतारीख/Date Of Hearing : 08-10-2025 घोषणाकीतारीख /Date Of Pronouncement : 12/11/2025

144B of the Act on 21-03-2024. The sole issue that arises for our consideration is addition of alleged bogus purchases for Rs.58.68 Crores as made by Ld. AO in the assessment order for purchases made by the assessee from eight parties as tabulated on Page-2 of the assessment order. The Ld. CIT(A) has estimated addition

JOINT COMMISSIONER OF INCOME TAX (IN SITU) CIRCLE-I, LUDHIANA, LUDHIANA vs. SHARMANJI YARNS PRIVATE LIMITED, LUDHIANA

Appeal stand allowed in terms of our above order

Bench: Hon’Ble Shri Rajpal Yadav & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकर अपील सं. / Ita No.530/Chandi/2025 (िनधा"रण वष" / Assessment Year: 2016-17) Jcit (In Situ) M/S Sharmanji Yarns Pvt. Ltd. Aaykar Bhawan, Rishi Nagar बनाम/ Village Lakhowal Road Ludhiana – 141001 Kohara, Jandiali Vs. Ludhiana - 141112 "ायीलेखासं./जीआइआरसं./Pan/Gir No. Aahcs-6629-R (अपीलाथ"/Appellant) : (""थ" / Respondent) & 2. आयकर अपील सं. / Ita No.596/Chandi/2025 (िनधा"रण वष" / Assessment Year: 2016-17) M/S Sharmanji Yarns Pvt. Ltd. Dcit-Circle-1 बनाम/ Village Lakhowal Road Aaykar Bhawan, Rishi Nagar Kohara, Jandiali Ludhiana – 141001 Vs. Ludhiana - 141112 "ायीलेखासं./जीआइआरसं./Pan/Gir No. Aahcs-6629-R (अपीलाथ"/Appellant) : (""थ" / Respondent) Assessee By : Shri Tej Mohan Singh (Advocate) – Ld. Ar Revenue By : Smt. Kusum Bansal (Cit)(Virtual) A/W Dr. Ranjit Kaur (Addl. Cit) – Ld. Drs सुनवाईकीतारीख/Date Of Hearing : 08-10-2025 घोषणाकीतारीख /Date Of Pronouncement : 12/11/2025

144B of the Act on 21-03-2024. The sole issue that arises for our consideration is addition of alleged bogus purchases for Rs.58.68 Crores as made by Ld. AO in the assessment order for purchases made by the assessee from eight parties as tabulated on Page-2 of the assessment order. The Ld. CIT(A) has estimated addition

SHARMANJI YARNS PRIVATE LIMITED,LUDHIANA, PUNJAB vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 1 LUDHIANA, LUDHIANA, PUNJAB

Appeal stand allowed in terms of our above order

Bench: Hon’Ble Shri Rajpal Yadav & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकर अपील सं. / Ita No.609/Chandi/2025 (िनधा"रण वष" / Assessment Year: 2018-19) Acit-Circle-1 Sharmanji Yarns Pvt. Ltd. Aaykar Bhawan, Rishi Nagar बनाम/ Village Lakhowal Road Ludhiana – 141001 Kohara, Jandiali Vs. Ludhiana - 141112 "ायीलेखासं./जीआइआरसं./Pan/Gir No. Aahcs-6629-R (अपीलाथ"/Appellant) : (""थ" / Respondent) & 2. आयकर अपील सं. / Ita No.646/Chandi/2025 (िनधा"रण वष" / Assessment Year: 2018-19) Sharmanji Yarns Pvt. Ltd. Dcit-Circle-1 बनाम/ Village Lakhowal Road Aaykar Bhawan, Rishi Nagar Kohara, Jandiali Ludhiana – 141001 Vs. Ludhiana - 141112 "ायीलेखासं./जीआइआरसं./Pan/Gir No. Aahcs-6629-R (अपीलाथ"/Appellant) : (""थ" / Respondent) Assessee By : Shri Tej Mohan Singh (Advocate) – Ld. Ar Revenue By : Smt. Kusum Bansal (Cit)(Virtual) A/W Dr. Ranjit Kaur (Addl. Cit) – Ld. Drs सुनवाईकीतारीख/Date Of Hearing : 08-10-2025 घोषणाकीतारीख /Date Of Pronouncement : 12/11/2025

144B of the Act on 21-03-2024. The sole issue that arises for our consideration is addition of alleged bogus purchases for Rs.29.69 Crores as made by Ld. AO in the assessment order for purchases made by the assessee from four parties as tabulated on Page-2 of the assessment order. The Ld. CIT(A) has estimated addition

INCOME TAX OFFICER, YAMUNA NAGAR vs. RAJESH KHANNA, YAMUNA NAGAR

In the result, the assessee's appeal in ITA

Bench: SHRI A.D.JAIN (Vice President), SHRI KRINWANT SAHAY (Accountant Member)

Section 147 of the Act provides for reopening of Assessment based on information received from, other authorities, wherein it has been found that the assessee had been a beneficiary of bogus transactions. It has held in various judgments that such reassessment is valid and justified (Peass Industrial Engineers (P) Ltd. [2016] 76 taxmann 106 (Gujarat) and Pushpak Bullion

RAJESH KHANNA,NEELKANTH PLYWOOD, YAMUNANAGAR vs. INCOME TAX OFFICER, WARD-3, INCOME TAX OFFICER, YAMUNANAGAR

In the result, the assessee's appeal in ITA

Bench: SHRI A.D.JAIN (Vice President), SHRI KRINWANT SAHAY (Accountant Member)

Section 147 of the Act provides for reopening of Assessment based on information received from, other authorities, wherein it has been found that the assessee had been a beneficiary of bogus transactions. It has held in various judgments that such reassessment is valid and justified (Peass Industrial Engineers (P) Ltd. [2016] 76 taxmann 106 (Gujarat) and Pushpak Bullion

M/S ANKIT BRIKS UNIT-1,AMBALA vs. INCOME TAX OFFICER, WARD-1, AMBALA

In the result, Assessee’s appeal is allowed

Bench: Shri Laliet Kumar & Shri Krinwant Sahayआयकर अपील सं./ Ita No. 253/Chd/2025 "नधा"रण वष" / Assessment Year : 2015-16 M/S Ankit Briks, Ito, बनाम Unit-1, Ward-1, 29/30, Parry Hotel, Ambala Vs. Bank Road, Ambala Cantt. 133001 "थायी लेखा सं./ Pan No: Abafa3230F अपीलाथ"/Appellant ""यथ"/Respondent ( Physical Hearing ) "नधा"रती क" ओर से/Assessee By : Sh. Rohit Bector, Ca राज"व क" ओर से/ Revenue By : Sh. Vivek Vardhan, Addl. Cit, Sr.Dr सुनवाई क" तार"ख/Date Of Hearing : 24.07.2025 उदघोषणा क" तार"ख/Date Of Pronouncement : 29.07.2025 आदेश/Order

Section 144B of the Act had been violated. 5. That the Learned CIT Appeal has not considered the grave injustice done by the ld. AO by not allowing proper opportunity to the appellant to present and prove his submissions by not giving proper show cause notice and draft assessment order as clearly required under law and as enshrined

VAIBHAV KISHORE BANSAL,CHANDIGARH vs. PRINCIPAL COMMISSIONER OF INCOME TAX, PANCHKULA

In the result, appeal of the Assessee’s is allowed

Bench: Shri Mahavir Singh & Shri Krinwant Sahay

Section 147 r.w.s. 144B of the Act, vide his order dated 27.03.2022. 2. Briefly stated facts are that the original assessment was completed U/s147 r.w.s. 144B of the Act by the AO, NFAC, Delhi vide order dated 27.03.2022. Subsequently, PCIT, on perusal of assessment records noticed certain discrepancies in the assessment order and issued show-caused notice

SANDHYA GOEL H.NO.101217, HUDA, JAGADHRI,HARYANA vs. THE PRINCIPAL COMMISSIONER OF INCOME TAX PANCHKULA, HARYANA

In the result, appeal of the assessee is allowed

Bench: Shri Rajpal Yadav & Shri Manoj Kumar Aggarwal

purchased on the exchange in the name of these family members nor the share broker Lifeline Securities Limited had the shares in its de-mat account on that date. It means the contact notes have been forged and are also bogus contract notes. The value of share of Smt. Sandhya Goel for the assessment year