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

In the result, the appeal of the Revenue is dismissed

Bench: Disposal Of Appeal.”

7,66,655 PB Pages 45-47 Biswa (Eng ver. 111- 113) 2 19.12.2005 Agriculture Land measuring 46 Bigha 15 44,72,600 PB Pages 48-50 Biswa & 4 Biswasi (Eng ver. 114- 116) 12. It was submitted that these two pieces of land measuring 54 Bigha and 13 Biswa of land and another piece of land measuring 9 Bigha

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

In the result, the appeal of the Revenue is dismissed

Bench: Disposal Of Appeal.”

7,66,655 PB Pages 45-47 Biswa (Eng ver. 111- 113) 2 19.12.2005 Agriculture Land measuring 46 Bigha 15 44,72,600 PB Pages 48-50 Biswa & 4 Biswasi (Eng ver. 114- 116) 12. It was submitted that these two pieces of land measuring 54 Bigha and 13 Biswa of land and another piece of land measuring 9 Bigha

SH. AJAY KUMAR SINGHANIA,LUDHIANA vs. DCIT, CPC, BANGLORE

In the result, the appeal of the assessee stands allowed

Bench: Shri Sanjay Garg, Judicial Membe & Ms. Annapurna Gupta, Accountantmember Assessment Year : 2016-17

94,378/- returned the taxable income at ‘nil’ with carry forward business loss of Rs. 2,91,52,776/-. However, the lower authorities have adjusted the current year capital gains against the current year business loss and accordingly computed the income of the assessee. 4. Before us, Ld. Counsel for the assessee has relied upon the provisions of section

SMT. TEENA GARG,CHANDIGARH vs. PCIT, PANCHKULA

In the result, appeal of the assessee is allowed

94 ITR (Trib) 458 and other\ncases.\n\n4.\nThat the Appellant craves leave to add or amend the\ngrounds of appeal before the appeal is finally heard or disposed\noff.\n\nNote: During the course of hearing on 06/01/2025 the ground No. 3 is\nnot pressed by Ld. AR.\n\n3.\nRecord of Hearing\n\n3.1 The hearing

SHRI SANJAY JAIN,BATHINDA vs. DCIT, CC-1, LUDHIANA

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaआयकर अपील सं./ Ita Nos. 625 & 626/Chd/2019 "नधा"रण वष" / Assessment Years : 2013-14 & 2014-15 The Dcit, Shri Tarun Jain, बनाम Central Circle-1, C/O M/S Royal Lifestyle Jewellers Chandigarh Pvt Limited, Bhatinda "थायी लेखा सं./Pan No: Ahwpj2158H Appeal Against The Order Of Cit(A)-1, Ludhiana Dated 11.3.2018 अपीलाथ"/Appellant ""यथ"/Respondent

section 10(38) of the Income Tax Act are fulfilled. As such, addition confirmed is unjustified. The same be deleted. 5. That the learned CIT(A) has erred on facts and in law by upholding the addition by following the single member judgement of ITAT, Delhi Bench ignoring two member judgements of ITAT. Delhi Bench and judgements of jurisdictional High

TARUN JAIN,BATHINDA vs. DCIT, CC-1, LUDHIANA

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaआयकर अपील सं./ Ita Nos. 625 & 626/Chd/2019 "नधा"रण वष" / Assessment Years : 2013-14 & 2014-15 The Dcit, Shri Tarun Jain, बनाम Central Circle-1, C/O M/S Royal Lifestyle Jewellers Chandigarh Pvt Limited, Bhatinda "थायी लेखा सं./Pan No: Ahwpj2158H Appeal Against The Order Of Cit(A)-1, Ludhiana Dated 11.3.2018 अपीलाथ"/Appellant ""यथ"/Respondent

section 10(38) of the Income Tax Act are fulfilled. As such, addition confirmed is unjustified. The same be deleted. 5. That the learned CIT(A) has erred on facts and in law by upholding the addition by following the single member judgement of ITAT, Delhi Bench ignoring two member judgements of ITAT. Delhi Bench and judgements of jurisdictional High

SHRI SANJAY JAIN,BATHINDA vs. DCIT, CC-1, LUDHIANA

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaआयकर अपील सं./ Ita Nos. 625 & 626/Chd/2019 "नधा"रण वष" / Assessment Years : 2013-14 & 2014-15 The Dcit, Shri Tarun Jain, बनाम Central Circle-1, C/O M/S Royal Lifestyle Jewellers Chandigarh Pvt Limited, Bhatinda "थायी लेखा सं./Pan No: Ahwpj2158H Appeal Against The Order Of Cit(A)-1, Ludhiana Dated 11.3.2018 अपीलाथ"/Appellant ""यथ"/Respondent

section 10(38) of the Income Tax Act are fulfilled. As such, addition confirmed is unjustified. The same be deleted. 5. That the learned CIT(A) has erred on facts and in law by upholding the addition by following the single member judgement of ITAT, Delhi Bench ignoring two member judgements of ITAT. Delhi Bench and judgements of jurisdictional High

SHRI SANJAY JAIN,BATHINDA vs. DCIT, CC-1, LUDHIANA

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaआयकर अपील सं./ Ita Nos. 625 & 626/Chd/2019 "नधा"रण वष" / Assessment Years : 2013-14 & 2014-15 The Dcit, Shri Tarun Jain, बनाम Central Circle-1, C/O M/S Royal Lifestyle Jewellers Chandigarh Pvt Limited, Bhatinda "थायी लेखा सं./Pan No: Ahwpj2158H Appeal Against The Order Of Cit(A)-1, Ludhiana Dated 11.3.2018 अपीलाथ"/Appellant ""यथ"/Respondent

section 10(38) of the Income Tax Act are fulfilled. As such, addition confirmed is unjustified. The same be deleted. 5. That the learned CIT(A) has erred on facts and in law by upholding the addition by following the single member judgement of ITAT, Delhi Bench ignoring two member judgements of ITAT. Delhi Bench and judgements of jurisdictional High

SANJAY JAIN & SONS,BATHINDA vs. DCIT, CC-1, LUDHIANA

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaआयकर अपील सं./ Ita Nos. 625 & 626/Chd/2019 "नधा"रण वष" / Assessment Years : 2013-14 & 2014-15 The Dcit, Shri Tarun Jain, बनाम Central Circle-1, C/O M/S Royal Lifestyle Jewellers Chandigarh Pvt Limited, Bhatinda "थायी लेखा सं./Pan No: Ahwpj2158H Appeal Against The Order Of Cit(A)-1, Ludhiana Dated 11.3.2018 अपीलाथ"/Appellant ""यथ"/Respondent

section 10(38) of the Income Tax Act are fulfilled. As such, addition confirmed is unjustified. The same be deleted. 5. That the learned CIT(A) has erred on facts and in law by upholding the addition by following the single member judgement of ITAT, Delhi Bench ignoring two member judgements of ITAT. Delhi Bench and judgements of jurisdictional High

RAJNI JAIN,BATHINDA vs. DCIT, CC-1, LUDHIANA

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaआयकर अपील सं./ Ita Nos. 625 & 626/Chd/2019 "नधा"रण वष" / Assessment Years : 2013-14 & 2014-15 The Dcit, Shri Tarun Jain, बनाम Central Circle-1, C/O M/S Royal Lifestyle Jewellers Chandigarh Pvt Limited, Bhatinda "थायी लेखा सं./Pan No: Ahwpj2158H Appeal Against The Order Of Cit(A)-1, Ludhiana Dated 11.3.2018 अपीलाथ"/Appellant ""यथ"/Respondent

section 10(38) of the Income Tax Act are fulfilled. As such, addition confirmed is unjustified. The same be deleted. 5. That the learned CIT(A) has erred on facts and in law by upholding the addition by following the single member judgement of ITAT, Delhi Bench ignoring two member judgements of ITAT. Delhi Bench and judgements of jurisdictional High

SHRI SANJAY JAIN,BATHINDA vs. DCIT, CC-1, LUDHIANA

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaआयकर अपील सं./ Ita Nos. 625 & 626/Chd/2019 "नधा"रण वष" / Assessment Years : 2013-14 & 2014-15 The Dcit, Shri Tarun Jain, बनाम Central Circle-1, C/O M/S Royal Lifestyle Jewellers Chandigarh Pvt Limited, Bhatinda "थायी लेखा सं./Pan No: Ahwpj2158H Appeal Against The Order Of Cit(A)-1, Ludhiana Dated 11.3.2018 अपीलाथ"/Appellant ""यथ"/Respondent

section 10(38) of the Income Tax Act are fulfilled. As such, addition confirmed is unjustified. The same be deleted. 5. That the learned CIT(A) has erred on facts and in law by upholding the addition by following the single member judgement of ITAT, Delhi Bench ignoring two member judgements of ITAT. Delhi Bench and judgements of jurisdictional High

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

capital gain (LTCG) of Rs. 7,91,34,944/- arising from the sale of these shares during the year as exempt under section 10(38) of the Act. Similarly, the appellant sold shares of “Shantanu Sheorey Aquakult” between 27.10.2016 and 16.03.2017, which had been purchased during the financial year 2012–13, and earned exempt LTCG of Rs. 18,94

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

capital gain (LTCG) of Rs. 7,91,34,944/- arising from the sale of these shares during the year as exempt under section 10(38) of the Act. Similarly, the appellant sold shares of “Shantanu Sheorey Aquakult” between 27.10.2016 and 16.03.2017, which had been purchased during the financial year 2012–13, and earned exempt LTCG of Rs. 18,94

SHRI GURDEEP SINGH,MOHALI vs. ITO, W-6(4), MOHALI

In the result, appeals of the assessees are allowed for statistical purposes

Section 54B 14,787,100.00 (Registry Value) Details of Investment in Agriculture Land Dated ____ Registry Value _____________________ Stamp Papers ____________ Total 30.07.12 10,792,000.00 539,600.00 11,331,600.00 30.07.12 3,070,000.00 153,500.00 3,223,500.00 06.02.13 225.000.00 7.000.00 232.000.00 Total 14.087.000.00 700,100.00 14.787.100.00 Taxable Capital Gain Nil Share of Taxable Capital Gain

SHRI BALJINDER SINGH,MOHALI vs. ITO, W-6(4), MOHALI

In the result, appeals of the assessees are allowed for statistical purposes

Section 54B 14,787,100.00 (Registry Value) Details of Investment in Agriculture Land Dated ____ Registry Value _____________________ Stamp Papers ____________ Total 30.07.12 10,792,000.00 539,600.00 11,331,600.00 30.07.12 3,070,000.00 153,500.00 3,223,500.00 06.02.13 225.000.00 7.000.00 232.000.00 Total 14.087.000.00 700,100.00 14.787.100.00 Taxable Capital Gain Nil Share of Taxable Capital Gain

SHRI KESAR SINGH,MOHALI vs. ITO, W-6(4), MOHALI

In the result, appeals of the assessees are allowed for statistical purposes

Section 54B 14,787,100.00 (Registry Value) Details of Investment in Agriculture Land Dated ____ Registry Value _____________________ Stamp Papers ____________ Total 30.07.12 10,792,000.00 539,600.00 11,331,600.00 30.07.12 3,070,000.00 153,500.00 3,223,500.00 06.02.13 225.000.00 7.000.00 232.000.00 Total 14.087.000.00 700,100.00 14.787.100.00 Taxable Capital Gain Nil Share of Taxable Capital Gain

SHRI DIDAR SINGH,MOHALI vs. ITO, W-6(4), MOHALI

In the result, appeals of the assessees are allowed for statistical purposes

Section 54B 14,787,100.00 (Registry Value) Details of Investment in Agriculture Land Dated ____ Registry Value _____________________ Stamp Papers ____________ Total 30.07.12 10,792,000.00 539,600.00 11,331,600.00 30.07.12 3,070,000.00 153,500.00 3,223,500.00 06.02.13 225.000.00 7.000.00 232.000.00 Total 14.087.000.00 700,100.00 14.787.100.00 Taxable Capital Gain Nil Share of Taxable Capital Gain

SHRI DARSHAN SINGH,MOHALI vs. ITO, W-6(4), MOHALI

In the result, appeals of the assessees are allowed for statistical purposes

Section 54B 14,787,100.00 (Registry Value) Details of Investment in Agriculture Land Dated ____ Registry Value _____________________ Stamp Papers ____________ Total 30.07.12 10,792,000.00 539,600.00 11,331,600.00 30.07.12 3,070,000.00 153,500.00 3,223,500.00 06.02.13 225.000.00 7.000.00 232.000.00 Total 14.087.000.00 700,100.00 14.787.100.00 Taxable Capital Gain Nil Share of Taxable Capital Gain