SH. ANIKET SINGAL,CHANDIGARH vs. DCIT, CC-1, CHANDIGARH

Bench: S/Shri N.K. Saini, Vice- & Rajpal Yadav, Vice-

section 132(4) of the Act was also recorded of the assessee wherein he admitted to disclose additional income of Rs. 250 crores on account of bogus long- term capital gain

SMT. AARTI SINGAL,CHANDIGARH vs. DCIT, CC-1, CHANDIGARH

Bench: S/Shri N.K. Saini, Vice- & Rajpal Yadav, Vice-

section 132(4) of the Act was also recorded of the assessee wherein he admitted to disclose additional income of Rs. 250 crores on account of bogus long- term capital gain

SMT. AARTI SINGAL,CHANDIGARH vs. DCIT, CC-1, CHANDIGARH

Bench: S/Shri N.K. Saini, Vice- & Rajpal Yadav, Vice-

section 132(4) of the Act was also recorded of the assessee wherein he admitted to disclose additional income of Rs. 250 crores on account of bogus long- term capital gain

SH. SANJAY SINGAL,CHANDIGARH vs. DCIT, CC-1, CHANDIGARH

Bench: S/Shri N.K. Saini, Vice- & Rajpal Yadav, Vice-

section 132(4) of the Act was also recorded of the assessee wherein he admitted to disclose additional income of Rs. 250 crores on account of bogus long- term capital gain

SMT. AARTI SINGAL,CHANDIGARH vs. DCIT, CC-1, CHANDIGARH

Bench: S/Shri N.K. Saini, Vice- & Rajpal Yadav, Vice-

section 132(4) of the Act was also recorded of the assessee wherein he admitted to disclose additional income of Rs. 250 crores on account of bogus long- term capital gain

SH. SANJAY SINGAL HUF,CHANDIGARH vs. DCIT, CC-1, CHANDIGARH

Bench: S/Shri N.K. Saini, Vice- & Rajpal Yadav, Vice-

section 132(4) of the Act was also recorded of the assessee wherein he admitted to disclose additional income of Rs. 250 crores on account of bogus long- term capital gain

SH. SANJAY SINGAL,CHANDIGARH vs. DCIT, CC-1, CHANDIGARH

Bench: S/Shri N.K. Saini, Vice- & Rajpal Yadav, Vice-

section 132(4) of the Act was also recorded of the assessee wherein he admitted to disclose additional income of Rs. 250 crores on account of bogus long- term capital gain

SH. JAI RAM,JAGADHARI vs. ITO, YAMUNANAGAR

In the result, both the appeal of different assessees are allowed

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumar

4,84,06,250/- would not arise in assessment year 2007-08. 10. The ld. CIT(Appeals) considering the submission of the assessee, material on record and case law cited by assessee dismissed this ground of appeal of the assessee and held that Assessing Officer has rightly taxed the capital gain on entire sale consideration in the assessment year under

SH. AMAR SINGH,JAGADHARI vs. ITO, YAMUNANAGAR

In the result, both the appeal of different assessees are allowed

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumar

4,84,06,250/- would not arise in assessment year 2007-08. 10. The ld. CIT(Appeals) considering the submission of the assessee, material on record and case law cited by assessee dismissed this ground of appeal of the assessee and held that Assessing Officer has rightly taxed the capital gain on entire sale consideration in the assessment year under

SHRI KRISHAN KUMAR JALAN,BANGALORE vs. ITO, W-1, SIRSA

In the result appeal of the assessee is dismissed

250(6) of the Act which is\nhereinafter referred to as the “impugned order\". The relevant AY is 2014-15\nand the corresponding previous year period is from 01/04/2013 to\n31/03/2014.\n2.\nFactual Matrix\nProceedings before AO\n2.1 The assessee derived income from salary, business income from\npartnership firms, capital gains and income from other sources during the\nfinancial year

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

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

250 after, inter-alia, claiming exemption of Rs.l8,31,36,042 under section 10(38) of the Act in respect of long-term capital gains earned on transfer of shares held in M/s Maa Jagdambe Trade Link Limited, as under: Name of No. of Purchase of shares Sale of shares Long term Share shares Date of Cost Price Date

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

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

250 after, inter-alia, claiming exemption of Rs.l8,31,36,042 under section 10(38) of the Act in respect of long-term capital gains earned on transfer of shares held in M/s Maa Jagdambe Trade Link Limited, as under: Name of No. of Purchase of shares Sale of shares Long term Share shares Date of Cost Price Date

SAHIBZADA TIMBER AND PLY PRIVATE LIMITED ,MOHALI vs. DCIT, ACIT CENTRAL CIRCLE-2, CHANDIGARH, CHANDIGARH

In the result, the appeal of the assessee is dismissed

Bench: SHRI. VIKRAM SINGH YADAV, AM आयकर अपील सं./ ITA No. 699/Chd/2024 निर्धारण वर्ष / Assessment Year : 2019-20 M/s Sahibzada Timber & Ply Private Limited B41-42, Phase-3, Indl. Aera, SAS Nagar Mohali, Punjab बनाम The DCIT Central Circle-2 Chandigarh स्थायी लेखा सं./PAN NO: AAQCS2239G अपीलार्थी/Appellant प्रत्यर्थी/Respondent निर्धारिती की ओर से/Assessee by : Shri Mohit Dhiman, C.A राजस्व की ओर से/ Revenue by : Dr. Ranjeet Kaur, Sr. DR Shri Dharam Vir, Addl. CIT, Sr.DR सुनवाई की तारीख/Date of He

250(6) dated 30.04.2024 is erroneous, contrary to the facts of the case and is bad in Law. 2) That the Id. CIT(Appeals) has erred in confirming the action of the Assessing Officer in disallowing the capital loss of Rs. 25,75,000/- claimed by the Appellant and by adding this amount in the sale consideration already declared

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)

4, Amritashergil Marg, Central Circle-1 New Delhi Chandigarh "ायी लेखा सं./PAN NO: CZCPS6126E अपीलाथ"/Appellant ""थ"/Respondent आयकर अपील सं./ ITA Nos. 220 /Chd/ 2025 िनधा"रण वष" / Assessment Years : 2016-17 Sanjay Singal बनाम The DCIT 53, Jor Bagh, New Delhi Central Circle-1 Chandigarh "ायी लेखा सं./PAN NO: ANRPS7985C अपीलाथ"/Appellant ""थ"/Respondent आयकर अपील

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)

4, Amritashergil Marg, Central Circle-1 New Delhi Chandigarh "ायी लेखा सं./PAN NO: CZCPS6126E अपीलाथ"/Appellant ""थ"/Respondent आयकर अपील सं./ ITA Nos. 220 /Chd/ 2025 िनधा"रण वष" / Assessment Years : 2016-17 Sanjay Singal बनाम The DCIT 53, Jor Bagh, New Delhi Central Circle-1 Chandigarh "ायी लेखा सं./PAN NO: ANRPS7985C अपीलाथ"/Appellant ""थ"/Respondent आयकर अपील

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)

4, Amritashergil Marg, Central Circle-1 New Delhi Chandigarh "ायी लेखा सं./PAN NO: CZCPS6126E अपीलाथ"/Appellant ""थ"/Respondent आयकर अपील सं./ ITA Nos. 220 /Chd/ 2025 िनधा"रण वष" / Assessment Years : 2016-17 Sanjay Singal बनाम The DCIT 53, Jor Bagh, New Delhi Central Circle-1 Chandigarh "ायी लेखा सं./PAN NO: ANRPS7985C अपीलाथ"/Appellant ""थ"/Respondent आयकर अपील

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)

4, Amritashergil Marg, Central Circle-1 New Delhi Chandigarh "ायी लेखा सं./PAN NO: CZCPS6126E अपीलाथ"/Appellant ""थ"/Respondent आयकर अपील सं./ ITA Nos. 220 /Chd/ 2025 िनधा"रण वष" / Assessment Years : 2016-17 Sanjay Singal बनाम The DCIT 53, Jor Bagh, New Delhi Central Circle-1 Chandigarh "ायी लेखा सं./PAN NO: ANRPS7985C अपीलाथ"/Appellant ""थ"/Respondent आयकर अपील

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)

4, Amritashergil Marg, Central Circle-1 New Delhi Chandigarh "ायी लेखा सं./PAN NO: CZCPS6126E अपीलाथ"/Appellant ""थ"/Respondent आयकर अपील सं./ ITA Nos. 220 /Chd/ 2025 िनधा"रण वष" / Assessment Years : 2016-17 Sanjay Singal बनाम The DCIT 53, Jor Bagh, New Delhi Central Circle-1 Chandigarh "ायी लेखा सं./PAN NO: ANRPS7985C अपीलाथ"/Appellant ""थ"/Respondent आयकर अपील