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

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

capital gain as unexplained cash credit under section 68 of the Act. 30. In response to such show cause notice

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

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

capital gain as unexplained cash credit under section 68 of the Act. 30. In response to such show cause notice

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

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

capital gain as unexplained cash credit under section 68 of the Act. 30. In response to such show cause notice

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

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

capital gain as unexplained cash credit under section 68 of the Act. 30. In response to such show cause notice

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

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

capital gain as unexplained cash credit under section 68 of the Act. 30. In response to such show cause notice

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

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

capital gain as unexplained cash credit under section 68 of the Act. 30. In response to such show cause notice

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

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

capital gain as unexplained cash credit under section 68 of the Act. 30. In response to such show cause notice

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

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

capital gain as unexplained cash credit under section 68 of the Act. 30. In response to such show cause notice

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

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

capital gain as unexplained cash credit under section 68 of the Act. 30. In response to such show cause notice

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

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,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