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

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

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

4)/131(1A) of the Act admitting the fact that they were In the cases of Shri Sanjay Singhal and Others Vs. DCIT, Chandigarh (9 Appeals) 39 engaged in providing the accommodation entries to the beneficiaries including the assessee. 41. There were series of documents found during the search wherein the entries for receipt of cash were recorded. All these

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

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

4)/131(1A) of the Act admitting the fact that they were In the cases of Shri Sanjay Singhal and Others Vs. DCIT, Chandigarh (9 Appeals) 39 engaged in providing the accommodation entries to the beneficiaries including the assessee. 41. There were series of documents found during the search wherein the entries for receipt of cash were recorded. All these

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

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

4)/131(1A) of the Act admitting the fact that they were In the cases of Shri Sanjay Singhal and Others Vs. DCIT, Chandigarh (9 Appeals) 39 engaged in providing the accommodation entries to the beneficiaries including the assessee. 41. There were series of documents found during the search wherein the entries for receipt of cash were recorded. All these

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

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

4)/131(1A) of the Act admitting the fact that they were In the cases of Shri Sanjay Singhal and Others Vs. DCIT, Chandigarh (9 Appeals) 39 engaged in providing the accommodation entries to the beneficiaries including the assessee. 41. There were series of documents found during the search wherein the entries for receipt of cash were recorded. All these

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

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

4)/131(1A) of the Act admitting the fact that they were In the cases of Shri Sanjay Singhal and Others Vs. DCIT, Chandigarh (9 Appeals) 39 engaged in providing the accommodation entries to the beneficiaries including the assessee. 41. There were series of documents found during the search wherein the entries for receipt of cash were recorded. All these

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

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

4)/131(1A) of the Act admitting the fact that they were In the cases of Shri Sanjay Singhal and Others Vs. DCIT, Chandigarh (9 Appeals) 39 engaged in providing the accommodation entries to the beneficiaries including the assessee. 41. There were series of documents found during the search wherein the entries for receipt of cash were recorded. All these

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

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

4)/131(1A) of the Act admitting the fact that they were In the cases of Shri Sanjay Singhal and Others Vs. DCIT, Chandigarh (9 Appeals) 39 engaged in providing the accommodation entries to the beneficiaries including the assessee. 41. There were series of documents found during the search wherein the entries for receipt of cash were recorded. All these

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

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

4)/131(1A) of the Act admitting the fact that they were In the cases of Shri Sanjay Singhal and Others Vs. DCIT, Chandigarh (9 Appeals) 39 engaged in providing the accommodation entries to the beneficiaries including the assessee. 41. There were series of documents found during the search wherein the entries for receipt of cash were recorded. All these

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

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

4)/131(1A) of the Act admitting the fact that they were In the cases of Shri Sanjay Singhal and Others Vs. DCIT, Chandigarh (9 Appeals) 39 engaged in providing the accommodation entries to the beneficiaries including the assessee. 41. There were series of documents found during the search wherein the entries for receipt of cash were recorded. All these

PAWAN KUMAR,FATEHABAD vs. INCOME TAX OFFICER WARD-1, FATEHABAD

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

capital gain of that year shall be recomputed by taking the compensation or consideration as so reduced by such Court, Tribunal or other authority to be the full value of the consideration. For giving effect to such recomputation, the provisions of the newly inserted (with effect from 1-4-2004) section 155(16) by the Finance

SH. AMARDEEP SINGH ATHWAL,YAMUNANAGAR vs. ITO, WARD-1, YAMUNANAGAR

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

capital gain of that year shall be recomputed by taking the compensation or consideration as so reduced by such Court, Tribunal or other authority to be the full value of the consideration. For giving effect to such recomputation, the provisions of the newly inserted (with effect from 1-4-2004) section 155(16) by the Finance

SMT. SHANKRI DEVI,PANCHKULA vs. ACIT, PANCKULA CIRCLE, PANCHKULA

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

capital gain of that year shall be recomputed by taking the compensation or consideration as so reduced by such Court, Tribunal or other authority to be the full value of the consideration. For giving effect to such recomputation, the provisions of the newly inserted (with effect from 1-4-2004) section 155(16) by the Finance

BALBIR KUMAR HUF,CHANDIGARH vs. ITO , CHANDIGARH

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

capital gain of that year shall be recomputed by taking the compensation or consideration as so reduced by such Court, Tribunal or other authority to be the full value of the consideration. For giving effect to such recomputation, the provisions of the newly inserted (with effect from 1-4-2004) section 155(16) by the Finance

RANJIT SINGH,PANCHKULA vs. DEPUTY DIRECTOR, CPC DEPARTMENT

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

capital gain of that year shall be recomputed by taking the compensation or consideration as so reduced by such Court, Tribunal or other authority to be the full value of the consideration. For giving effect to such recomputation, the provisions of the newly inserted (with effect from 1-4-2004) section 155(16) by the Finance

SAROJ CHAUDHARY BALA,PANCHKULA vs. ITO, WARD-4, PANCHKULA

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

capital gain of that year shall be recomputed by taking the compensation or consideration as so reduced by such Court, Tribunal or other authority to be the full value of the consideration. For giving effect to such recomputation, the provisions of the newly inserted (with effect from 1-4-2004) section 155(16) by the Finance

ARJESH KUMAR,PATIALA vs. ITO NATIONAL E-ASSESSMENT CENTRE , DELHI

capital gain of that year shall be recomputed by taking the compensation or consideration as so reduced by such Court, Tribunal or other authority to be the full value of the consideration. For giving effect to such recomputation, the provisions of the newly inserted (with effect from 1-4-2004) section 155(16) by the Finance