SANJAY SINGAL,CHANDIGARH vs. DEPUTY COMMISSIONER OF INCOME TAX, CC-1, CHANDIGARH

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

carried out in the case of the appellant / Shri R.K. Kedia and Shri Shrish Chandrakant Shah might not have been directly applicable to the facts of the present case for the year under consideration, the findings of such search proceedings substantiated the findings of the AO, made for the current AY; that certain share brokers, such as M/s SMC Global

M/S SANJAY SINGAL HUF,CHANDIGARH vs. DCIT, CC-1, CHANDIGARH

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

carried out in the case of the appellant / Shri R.K. Kedia and Shri Shrish Chandrakant Shah might not have been directly applicable to the facts of the present case for the year under consideration, the findings of such search proceedings substantiated the findings of the AO, made for the current AY; that certain share brokers, such as M/s SMC Global

SANJAY SINGAL (HUF),NEW DELHI vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, CHANDIGARH , CHANDIGARH

In the result, assessee’s appeals are allowed

Bench: SHRI. RAJPAL YADAV (Vice President), SHRI. KRINWANT SAHAY (Accountant Member)

Loss) AY of No of Amount Rate Corporate No of AY of No of Amount Rate Purchas shares Action shares post sale shares e Corporate action Maa- 2013-14 375000 3750000 10 Split in the 1875000 2015-16 1875000 183801377 98.03 180051377 Jagdambe ratio 10:2 Trade Links Ltd (previously Parasamp uria Credit & Investment 3 Ltd) Crescent Digital

SANJAY SINGAL,NEW DELHI vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, CHANDIGARH, CHANDIGARH

In the result, assessee’s appeals are allowed

Bench: SHRI. RAJPAL YADAV (Vice President), SHRI. KRINWANT SAHAY (Accountant Member)

Loss) AY of No of Amount Rate Corporate No of AY of No of Amount Rate Purchas shares Action shares post sale shares e Corporate action Maa- 2013-14 375000 3750000 10 Split in the 1875000 2015-16 1875000 183801377 98.03 180051377 Jagdambe ratio 10:2 Trade Links Ltd (previously Parasamp uria Credit & Investment 3 Ltd) Crescent Digital

AARTI SINGAL,NEW DELHI vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, CHANDIGARH, CHANDIGARH

In the result, assessee’s appeals are allowed

Bench: SHRI. RAJPAL YADAV (Vice President), SHRI. KRINWANT SAHAY (Accountant Member)

Loss) AY of No of Amount Rate Corporate No of AY of No of Amount Rate Purchas shares Action shares post sale shares e Corporate action Maa- 2013-14 375000 3750000 10 Split in the 1875000 2015-16 1875000 183801377 98.03 180051377 Jagdambe ratio 10:2 Trade Links Ltd (previously Parasamp uria Credit & Investment 3 Ltd) Crescent Digital

ANIKET SINGAL,NEW DELHI vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, CHANDIGARH, CHANDIGARH

In the result, assessee’s appeals are allowed

Bench: SHRI. RAJPAL YADAV (Vice President), SHRI. KRINWANT SAHAY (Accountant Member)

Loss) AY of No of Amount Rate Corporate No of AY of No of Amount Rate Purchas shares Action shares post sale shares e Corporate action Maa- 2013-14 375000 3750000 10 Split in the 1875000 2015-16 1875000 183801377 98.03 180051377 Jagdambe ratio 10:2 Trade Links Ltd (previously Parasamp uria Credit & Investment 3 Ltd) Crescent Digital

AARTI SINGAL,NEW DELHI vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, CHANDIGARH, CHANDIGARH

In the result, assessee’s appeals are allowed

Bench: SHRI. RAJPAL YADAV (Vice President), SHRI. KRINWANT SAHAY (Accountant Member)

Loss) AY of No of Amount Rate Corporate No of AY of No of Amount Rate Purchas shares Action shares post sale shares e Corporate action Maa- 2013-14 375000 3750000 10 Split in the 1875000 2015-16 1875000 183801377 98.03 180051377 Jagdambe ratio 10:2 Trade Links Ltd (previously Parasamp uria Credit & Investment 3 Ltd) Crescent Digital

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, LUDHIANA vs. SUNIL KUMAR SOOD, PANCHKULA

The appeal of the Revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Krinwant Sahay

Gain as under: A.Y.2017-18 9 Sale consideration Rs. 4,32,59,600/- Less indexed cost of acquisition (19070602 x 497/112) Rs. 4,31,67,862/- LTCG Rs.91,738/- Less brought forward Long Term Capital Loss (-)Rs.91,738/- Taxable LTCG NIL (c ) As this original amount was appearing in his books of account as liability, he passed accounting entry as under

ACIT, CIRCLE, SHIMLA vs. SHRI VINOD SHARMA, NEW DELHI

In the result, the appeal of the Revenue is dismissed

Bench: Shri A.D. Jain & Dr Krinwant Sahayआयकर अपील सं./ Ita No. 1449/Chd/2019 "नधा"रण वष" / Assessment Year: 2015-16 The Acit, Vs. Shri Vinod Sharma, बनाम B-1/3, Circle, Safdarjang Enclave, Shimla New Delhi 110029 "थायी लेखा सं./Pan No: Abkps1560N अपीलाथ"/ Appellant ""यथ"/ Repsondent (Hybrid Mode ) "नधा"रती क" ओर से/Assessee By : Sh. Vishal Mohan, Sr. Advocate With Shri Ahninav Bazwaria, Advocate राज"व क" ओर से/ Revenue By : Smt. Kusum Bansal, Cit Dr सुनवाई क" तार"ख/Date Of Hearing : 10.06.2024 उदघोषणा क" तार"ख/Date Of Pronouncement : 09.07.2024

loss from house property and income from other sources. In this case, the Assessee filed his return of income declaring income at Rs. 89,59,650/- after claiming deduction of Rs. 1449-Chd-2019 Vinod Sharma, New Delhi 3 2,70,500/- under Chapter VIA of the Income Tax Act, 1961 (in short 'the Act'). 3. The only issue

AJMER SINGH,MOHALI vs. ITO, W-6(5), MOHAL

In the result, the appeal of the Revenue is dismissed

Bench: Disposal Of Appeal.”

loss to the state exchequer. Even, it cannot be said that he had not got any benefit by falsely representing about the sale consideration. If, the purchaser had to pay higher stamp duty, then it accordingly will go on to reduce the sale consideration/amount payable to the seller as the purchaser takes into consideration the total amount which he would

ITO, W-6(5), MOHALI vs. SMT. GURDEV KAUR, KHARAR

In the result, the appeal of the Revenue is dismissed

Bench: Disposal Of Appeal.”

loss to the state exchequer. Even, it cannot be said that he had not got any benefit by falsely representing about the sale consideration. If, the purchaser had to pay higher stamp duty, then it accordingly will go on to reduce the sale consideration/amount payable to the seller as the purchaser takes into consideration the total amount which he would

AJMER SINGH,MOHALI vs. ITO, W-6(5), MOHAL

In the result, the appeal of the Revenue is dismissed

Bench: Disposal Of Appeal.”

loss to the state exchequer. Even, it cannot be said that he had not got any benefit by falsely representing about the sale consideration. If, the purchaser had to pay higher stamp duty, then it accordingly will go on to reduce the sale consideration/amount payable to the seller as the purchaser takes into consideration the total amount which he would

DEVI DAYAL,KAITHAL vs. INCOME TAX OFFICER, WARD-1 , KAITHAL

In the result, appeal is allowed

Bench: Shri Rajpal Yadav & Shri Krinwant Sahayआयकर अपील सं./ Ita No. 899/Chd/2024 "नधा"रण वष" / Assessment Year: 2008-09 Shri Devi Dayal, Vs The Ito, Pundri Anaj Mandi, Ward – 1, Kaithal-Haryana 136026. Kaithal. "थायी लेखा सं./Pan No: Aajpd5851H अपीलाथ"/Appellant ""यथ"/Respondent Assessee By : Shri Parikshit Aggarwal, Ca & Ms. Shruti Khandelwal, Advocate Revenue By : Shri Manav Bansal, Cit, Dr Date Of Hearing : 30.07.2025 Date Of Pronouncement : 08.09.2025

loss of the project in the ratio of 50:50. 15. That First Party has delivered and handed Vel possession of the entire said Land, the original documents of title such as sale deed, jamabandi etc., along with License, Zoning Plan, Sanctioned Building Plans etc. (in original) to the Second Party simultaneously with the signing of this Collaboration Agreement

AARTI SINGAL,NEW DELHI vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, CHANDIGARH

In the result, all the above appeals are allowed

Bench: SHRI. RAJPAL YADAV (Vice President), SHRI. KRINWANT SAHAY, AM आयकर अपील सं. / ITA No. 939/Chd/2025 निर्धारण वर्ष / Assessment Year : 2016-17 Shri Aniket Singal बनाम The DCIT Central Circle-1 Chandigarh 4, Amritashergil Marg, New Delhi- 110003 स्थायी लेखा सं./ PAN NO: CZCPS6126E अपीलार्थी/Appellant प्रत्यर्थी / Respondent आयकर अपील सं. / ITA No. 1145/Chd/2025 निर्धारण वर्ष / Assessment Year : 2017-18 Smt. Aarti Singal बनाम The DCIT Central Circle-1 Chandigarh 53, Jor Bagh, New Delhi-110003 स

carried out in accordance with the prescribed procedures and were duly compliant with the relevant regulatory laws and procedures; (vi) The companies of which shares have been transacted are existing companies and all the transactions have taken place through stock exchange at the prevailing market price; (vii) The addition is solely based on the ex parte statements of brokers which

ANIKET SINGAL,NEW DELHI vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, CHANDIGARH

In the result, all the above appeals are allowed

Bench: SHRI. RAJPAL YADAV (Vice President), SHRI. KRINWANT SAHAY, AM आयकर अपील सं. / ITA No. 939/Chd/2025 निर्धारण वर्ष / Assessment Year : 2016-17 Shri Aniket Singal बनाम The DCIT 4, Amritashergil Marg, New Delhi- 110003 Central Circle-1 Chandigarh स्थायी लेखा सं./ PAN NO: CZCPS6126E अपीलार्थी/Appellant प्रत्यर्थी / Respondent आयकर अपील सं. / ITA No. 1145/Chd/2025 निर्धारण वर्ष / Assessment Year : 2017-18 Smt. Aarti Singal बनाम The DCIT 53, Jor Bagh, New Delhi-110003 Central Circle-1 Chandigarh स

carried out in accordance with the prescribed procedures and were duly compliant with the relevant regulatory laws and procedures; (vi) The companies of which shares have been transacted are existing companies and all the transactions have taken place through stock exchange at the prevailing market price; (vii) The addition is solely based on the ex parte statements of brokers which

SANJEEV KUMAR GOYAL,FATEHABAD vs. DCIT, CC-2, LUDHIANA

In the result, the appeal of the assesse is allowed

Bench: This Hon’Ble Tribunal Under Section 253 Of The Income Tax Act, 1961 As Amended From Time To Time. 2. The Assessee Is Aggrieved By The Order Of The Ld. Cit(A) Dt. 20/01/2023 In Appeal No. 10853/2018-19/It/Cit(A)-5/Ldh/2021-22 For The A.Y. 2019-20 Under Section 250(6) Of The Income Tax Act, 1961 Which Was Dismissed. Therefore The Present Second Appeal Under Section 253 Of The Income Tax Act, 1961 Before Us Against The Aforesaid Order Dt. 20/01/2023 Which Is Hereinafter Referred To As The Impugned Order.

carry forward of losses. Chapter has been placed after Chapter IV and V, It comes into play only after the computation of total income under the various heads of income in terms of in terms of Chapter IV has been done. Income falling under Chapter VI is taxed by aggregating the same with the income quantified in terms of Chapter

M/S SATWANT AGRO ENGINEERS,BHAWANIGARH vs. DCIT, CENTRAL CIRCLE, PATIALA

In the result, the appeal of the assessee is partly allowed for statistical purposes

Bench: SHRI. AAKASH DEEP JAIN (Vice President), SHRI. VIKRAM SINGH YADAV (Accountant Member)

carry forward of losses. Chapter has been placed after Chapter IV and V, It comes into play only after the computation of total income under the various heads of income in terms of in terms of Chapter TV has been done. Income falling under Chapter VI is taxed by aggregating the same with the income quantified in terms of Chapter

CEIGALL INDIA LIMITED, LUDHIANA,LUDHIANA vs. PRINCIPAL COMMISSIONER OF INCOME TAX, LUDHIANA, LUDHIANA

In the result, the appeal of the assessee stands allowed

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

forward TDS No adverse view was Already discussed during original proceedings taken by the PCITon this issue. 6. Expenditure by way of penalty Fee&Penalty(Alreadydiscussedduringoriginal No adverse view was proceedings) taken by the PCIT on relevant query raised by the AO and this issue. fine of violation of any law. 7. - AdditionintheFixed Asset(NewIssue) Issue considered by (beyond