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

In the result appeal of the assessee is dismissed

cash to purchase shares is false. In the assessee case the purchase of\nsharps was made through account payee cheque.\n(6) Regarding the proposal to treat the amount of Long term capital gain\nof Rs.1.04,06,769/- as unexplained credit

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

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

capital gain declared by the assessee and claimed as exempt under section 10(38) are to be treated as genuine and they are not to be assessed as unexplained cash credit

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

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

capital gain declared by the assessee and claimed as exempt under section 10(38) are to be treated as genuine and they are not to be assessed as unexplained cash credit

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

In the result, the appeal of the Revenue is dismissed

Bench: Disposal Of Appeal.”

credit of only land sold at Rs. 62,70,000/- in the absence of cash flow statement. (In fact assessee had sold land for Rs. 2,30,00,000/- and registry was made for a sum o f Rs. 73,15,000/- as submitted in the chart earlier) It was in the above background that cash flow statement has been

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

In the result, the appeal of the Revenue is dismissed

Bench: Disposal Of Appeal.”

credit of only land sold at Rs. 62,70,000/- in the absence of cash flow statement. (In fact assessee had sold land for Rs. 2,30,00,000/- and registry was made for a sum o f Rs. 73,15,000/- as submitted in the chart earlier) It was in the above background that cash flow statement has been

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

In the result, the appeal of the Revenue is dismissed

Bench: Disposal Of Appeal.”

credit of only land sold at Rs. 62,70,000/- in the absence of cash flow statement. (In fact assessee had sold land for Rs. 2,30,00,000/- and registry was made for a sum o f Rs. 73,15,000/- as submitted in the chart earlier) It was in the above background that cash flow statement has been

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)

cash. The nexus of the assessee with entry provider proves from the incriminating nature of data seized by the department during the course of search and seizure operation on 03.03.2010 and 21.02.2014 at the residential and business premises of the assessee and his group Bhushan Power and Steel Limited and survey u/s 133A

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)

cash. The nexus of the assessee with entry provider proves from the incriminating nature of data seized by the department during the course of search and seizure operation on 03.03.2010 and 21.02.2014 at the residential and business premises of the assessee and his group Bhushan Power and Steel Limited and survey u/s 133A

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)

cash. The nexus of the assessee with entry provider proves from the incriminating nature of data seized by the department during the course of search and seizure operation on 03.03.2010 and 21.02.2014 at the residential and business premises of the assessee and his group Bhushan Power and Steel Limited and survey u/s 133A

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)

cash. The nexus of the assessee with entry provider proves from the incriminating nature of data seized by the department during the course of search and seizure operation on 03.03.2010 and 21.02.2014 at the residential and business premises of the assessee and his group Bhushan Power and Steel Limited and survey u/s 133A

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)

cash. The nexus of the assessee with entry provider proves from the incriminating nature of data seized by the department during the course of search and seizure operation on 03.03.2010 and 21.02.2014 at the residential and business premises of the assessee and his group Bhushan Power and Steel Limited and survey u/s 133A

SMT. TEENA GARG,CHANDIGARH vs. PCIT, PANCHKULA

In the result, appeal of the assessee is allowed

capital gain whereas the actual transaction was\nof accommodation of unaccounted income/money of the\nassessee. On the dates mentioned in the contract notes, neither\nshares were purchased on the Exchange nor the share broker Lifeline\nSecurities Limited had these shares in its Demat account on these\ndates. The contact notes issued by Lifeline securities limited were\nforged and false contract

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 gains of Rs. 27,12,80,838/- arising to the Appellant on sale of shares of "MeenaKshi Enterprises", Shantanu Sheorey and M/s Sunstar Realty Development Ltd are also bogus. There are various sworn statements of entry operators duly supported by corroborative evidences which establish that the fact that the assessee received huge investment amounts of receipts in the garb

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 gains of Rs. 27,12,80,838/- arising to the Appellant on sale of shares of "MeenaKshi Enterprises", Shantanu Sheorey and M/s Sunstar Realty Development Ltd are also bogus. There are various sworn statements of entry operators duly supported by corroborative evidences which establish that the fact that the assessee received huge investment amounts of receipts in the garb

SH. VIBHAV JAIN,LUDHIANA vs. DCIT, CC-III, LUDHIANA

In the result, the ground no

Bench: SHRI. SANJAY GARG (Judicial Member), SHRI. VIKRAM SINGH YADAV (Accountant Member)

unexplained cash credit under Section 68 of the Act. 4. Being aggrieved, the assessee carried the matter in appeal before the Ld. CIT(A). 4.1 During the course of appellate proceedings, it was submitted that the assessee has made investment in shares of M/s Maple Goods (P) Ltd. in A.Y. 2011-12 and the shares were purchased through Shri

SH. AKHIL JAIN,LUDHIANA vs. DCIT, CC-III, LUDHIANA

In the result, the ground no

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

unexplained cash credit under Section 68 of the Act. 5. Being aggrieved, the assessee carried the matter in appeal before the Ld. CIT(A). 5.1 During the course of appellate proceedings, it was submitted that the assessee has made investment in shares of M/s Maple Goods (P) Ltd. in A.Y. 2011-12 and the shares were purchased through Shri

SH. ASHISH JAIN,LUDHIANA vs. DCIT, CC-III, LUDHIANA

In the result, the ground no

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

unexplained cash credit under Section 68 of the Act. 5. Being aggrieved, the assessee carried the matter in appeal before the Ld. CIT(A). 5.1 During the course of appellate proceedings, it was submitted that the assessee has made investment in shares of M/s Maple Goods (P) Ltd. in A.Y. 2011-12 and the shares were purchased through Shri

SH. ASHISH JAIN,LUDHIANA vs. DCIT, CC-III, LUDHIANA

In the result, the ground no

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

unexplained cash credit under Section 68 of the Act. 5. Being aggrieved, the assessee carried the matter in appeal before the Ld. CIT(A). 5.1 During the course of appellate proceedings, it was submitted that the assessee has made investment in shares of M/s Maple Goods (P) Ltd. in A.Y. 2011-12 and the shares were purchased through Shri

SH. BIPAN JAIN,LUDHIANA vs. DCIT, CC-III, LUDHIANA

In the result, the ground no

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

unexplained cash credit under Section 68 of the Act. 5. Being aggrieved, the assessee carried the matter in appeal before the Ld. CIT(A). 5.1 During the course of appellate proceedings, it was submitted that the assessee has made investment in shares of M/s Maple Goods (P) Ltd. in A.Y. 2011-12 and the shares were purchased through Shri