M/S DIN DAYAL PURSOTAM LAL,SIRSA vs. PR.CIT, ROHTAK

Bench: SHRI A.D.JAIN (Vice President), SHRI VIKRAM SINGH YADAV (Accountant Member)

Section 68 in as much as it is not in dispute that the creditors outstanding related to purchases and the trading results were accepted by the AO. We are, therefore, of the opinion that no substantial question of law arises for consideration in this case. The appeal is accordingly dismissed." ii) 205 CTR 444 (All) CIT vs. Pancham Dass Jain

M/S DIN DAYAL PURSOTAM LAL,SIRSA vs. PR.CIT, ROHTAK

Bench: SHRI A.D.JAIN (Vice President), SHRI VIKRAM SINGH YADAV (Accountant Member)

Section 68 in as much as it is not in dispute that the creditors outstanding related to purchases and the trading results were accepted by the AO. We are, therefore, of the opinion that no substantial question of law arises for consideration in this case. The appeal is accordingly dismissed." ii) 205 CTR 444 (All) CIT vs. Pancham Dass Jain

DEPUTY COMMISSIONER OF INCOME TAX , LUDHIANA vs. KAPIL ROMANA , BATHINDA

In the result, appeals filed by the Revenue as well as Cross Objections of the Assessee are dismissed

Bench: SHRI. RAJPAL YADAV (Vice President), SHRI. KRINWANT SAHAY (Accountant Member)

section 292C? 3. Whether the Ld. CIT(A) justified in deleting the addition of Rs. 40,84,04,290/- made on account of unexplained unsecured loans u/s 68 r.w.s. 115BBE of the Income Tax Act, 1961? 4. That the Ld. CIT(A) has ignored the facts that the entry of Dr. Jagjeet Chawla on the said page was cross-referred

DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2, LUDHIANA vs. KAPIL ROMANA, BATHINDA

In the result, appeals filed by the Revenue as well as Cross Objections of the Assessee are dismissed

Bench: SHRI. RAJPAL YADAV (Vice President), SHRI. KRINWANT SAHAY (Accountant Member)

section 292C? 3. Whether the Ld. CIT(A) justified in deleting the addition of Rs. 40,84,04,290/- made on account of unexplained unsecured loans u/s 68 r.w.s. 115BBE of the Income Tax Act, 1961? 4. That the Ld. CIT(A) has ignored the facts that the entry of Dr. Jagjeet Chawla on the said page was cross-referred

M/S SINGLA BUILDERS AND PROMOTERS LIMITED,RUPNAGAR, PUNJAB vs. DCIT/ACIT(CEN)-1 CHD, CHANDIGARH

The appeals stand partly allowed

Bench: Hon’Ble Shri Rajpal Yadav & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकर अपील सं./ Ita No.487/Chandi/2025 (िनधा"रण वष" / Assessment Year: 2013-14) M/S Singla Builders & Promoters Ltd. Dcit / Acit Central-1 बनाम/ Plot No 1265, Sector 82, Industrial Area C.R. Building, Sector 17 Vs. Rupnagar (Punjab) 140308 Chandigarh-160017 "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aaocs-6503-M (अपीलाथ"/Appellant) : (""थ" / Respondent) & 2. आयकर अपील सं. / Ita No.482/Chandi/2025 (िनधा"रण वष" / Assessment Year: 2017-18) & 3. आयकर अपील सं. / Ita No.484/Chandi/2025 (िनधा"रण वष" / Assessment Year: 2018-19) M/S Credo Assets Private Ltd. Dcit / Acit Central-1 बनाम/ Plot No 1265-C, Sector 82, Industrial Area C.R. Building, Sector 17 Vs. Rupnagar (Punjab) 140308 Chandigarh-160017 "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aafcc-6400-L (अपीलाथ"/Appellant) : (""थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Sh. Parikshit Aggarwal (Ca) & Smt. Shruti Khandelwal (Ca) – Ld. Ars ""थ"कीओरसे/Respondent By : Smt. Kusum Bansal (Cit) & Shri Rajat Kumar Kureel (Cit) – Ld. Drs (Virtual) Date Of Final Hearing : 27-01-2026 Date Of Pronouncement : 03-02-2026

236 6 (Phase 1 08-08-2022 05-09-2022 &Phase 2) Chandigarh Ambala Highway, Derabassi Noor City, 30-03-2022 26-07-2022 01-08-2022 07-09-2022 09-11-2022 224 63 KhararRoad, 08-08-2022 05-09-2022 Kharar 08-09-2022 Noor Villas

M/S CREDO ASSETS PVT. LTD.,RUPNAGAR PUNJAB vs. DCIT/ACIT(CEN)-1 CHD, CHANDIGARH

The appeals stand partly allowed

Bench: Hon’Ble Shri Rajpal Yadav & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकर अपील सं./ Ita No.487/Chandi/2025 (िनधा"रण वष" / Assessment Year: 2013-14) M/S Singla Builders & Promoters Ltd. Dcit / Acit Central-1 बनाम/ Plot No 1265, Sector 82, Industrial Area C.R. Building, Sector 17 Vs. Rupnagar (Punjab) 140308 Chandigarh-160017 "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aaocs-6503-M (अपीलाथ"/Appellant) : (""थ" / Respondent) & 2. आयकर अपील सं. / Ita No.482/Chandi/2025 (िनधा"रण वष" / Assessment Year: 2017-18) & 3. आयकर अपील सं. / Ita No.484/Chandi/2025 (िनधा"रण वष" / Assessment Year: 2018-19) M/S Credo Assets Private Ltd. Dcit / Acit Central-1 बनाम/ Plot No 1265-C, Sector 82, Industrial Area C.R. Building, Sector 17 Vs. Rupnagar (Punjab) 140308 Chandigarh-160017 "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aafcc-6400-L (अपीलाथ"/Appellant) : (""थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Sh. Parikshit Aggarwal (Ca) & Smt. Shruti Khandelwal (Ca) – Ld. Ars ""थ"कीओरसे/Respondent By : Smt. Kusum Bansal (Cit) & Shri Rajat Kumar Kureel (Cit) – Ld. Drs (Virtual) Date Of Final Hearing : 27-01-2026 Date Of Pronouncement : 03-02-2026

236 6 (Phase 1 08-08-2022 05-09-2022 &Phase 2) Chandigarh Ambala Highway, Derabassi Noor City, 30-03-2022 26-07-2022 01-08-2022 07-09-2022 09-11-2022 224 63 KhararRoad, 08-08-2022 05-09-2022 Kharar 08-09-2022 Noor Villas

M/S CREDO ASSETS PVT. LTD.,RUPNAGAR PUNJAB vs. DCIT/ACIT(CEN)-1 CHD, CHANDIGARH

The appeals stand partly allowed

Bench: Hon’Ble Shri Rajpal Yadav & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकर अपील सं./ Ita No.487/Chandi/2025 (िनधा"रण वष" / Assessment Year: 2013-14) M/S Singla Builders & Promoters Ltd. Dcit / Acit Central-1 बनाम/ Plot No 1265, Sector 82, Industrial Area C.R. Building, Sector 17 Vs. Rupnagar (Punjab) 140308 Chandigarh-160017 "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aaocs-6503-M (अपीलाथ"/Appellant) : (""थ" / Respondent) & 2. आयकर अपील सं. / Ita No.482/Chandi/2025 (िनधा"रण वष" / Assessment Year: 2017-18) & 3. आयकर अपील सं. / Ita No.484/Chandi/2025 (िनधा"रण वष" / Assessment Year: 2018-19) M/S Credo Assets Private Ltd. Dcit / Acit Central-1 बनाम/ Plot No 1265-C, Sector 82, Industrial Area C.R. Building, Sector 17 Vs. Rupnagar (Punjab) 140308 Chandigarh-160017 "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aafcc-6400-L (अपीलाथ"/Appellant) : (""थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Sh. Parikshit Aggarwal (Ca) & Smt. Shruti Khandelwal (Ca) – Ld. Ars ""थ"कीओरसे/Respondent By : Smt. Kusum Bansal (Cit) & Shri Rajat Kumar Kureel (Cit) – Ld. Drs (Virtual) Date Of Final Hearing : 27-01-2026 Date Of Pronouncement : 03-02-2026

236 6 (Phase 1 08-08-2022 05-09-2022 &Phase 2) Chandigarh Ambala Highway, Derabassi Noor City, 30-03-2022 26-07-2022 01-08-2022 07-09-2022 09-11-2022 224 63 KhararRoad, 08-08-2022 05-09-2022 Kharar 08-09-2022 Noor Villas

DHARAM SINGH RAWAT,MOHALI vs. ITO, W-6(3), MOHALI

The appeal of the assessee stands partly allowed

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaआयकर अपील सं./ Ita No. 870/Chd/2018 "नधा"रण वष" / Assessment Year : 2014-15 Sh. Rajeshwar Sharma, The I.T.O., बनाम Ward 6(2), House No.584, Sectro 59, Mohali Phase-4, Mohali "थायी लेखा सं./Pan No: Amdps4641Q अपीलाथ"/Appellant ""यथ"/Respondent Appeal Against The Order Of Cit(A)-2, Chandigarh Dated 28.3.2018

delay in filing the appeal is hereby condoned. 4. The assessee has taken following grounds of appeal:- 1. Under the facts and circumstances of the case and in law, the Ld. CIT(A) Chandigarh has erred in upholding the additions made by the Ld. Assessing officer and disregarding the provisions of sub-section (ii) of section 10(10A) ignoring

RAJESHWAR SHARMA,MOHALI vs. ITO, W-6(2), MOHALI

The appeal of the assessee stands partly allowed

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaआयकर अपील सं./ Ita No. 870/Chd/2018 "नधा"रण वष" / Assessment Year : 2014-15 Sh. Rajeshwar Sharma, The I.T.O., बनाम Ward 6(2), House No.584, Sectro 59, Mohali Phase-4, Mohali "थायी लेखा सं./Pan No: Amdps4641Q अपीलाथ"/Appellant ""यथ"/Respondent Appeal Against The Order Of Cit(A)-2, Chandigarh Dated 28.3.2018

delay in filing the appeal is hereby condoned. 4. The assessee has taken following grounds of appeal:- 1. Under the facts and circumstances of the case and in law, the Ld. CIT(A) Chandigarh has erred in upholding the additions made by the Ld. Assessing officer and disregarding the provisions of sub-section (ii) of section 10(10A) ignoring

KARAN PAL SINGH,MOHALI vs. ITO, W-6(2), MOHALI

The appeal of the assessee stands partly allowed

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaआयकर अपील सं./ Ita No. 870/Chd/2018 "नधा"रण वष" / Assessment Year : 2014-15 Sh. Rajeshwar Sharma, The I.T.O., बनाम Ward 6(2), House No.584, Sectro 59, Mohali Phase-4, Mohali "थायी लेखा सं./Pan No: Amdps4641Q अपीलाथ"/Appellant ""यथ"/Respondent Appeal Against The Order Of Cit(A)-2, Chandigarh Dated 28.3.2018

delay in filing the appeal is hereby condoned. 4. The assessee has taken following grounds of appeal:- 1. Under the facts and circumstances of the case and in law, the Ld. CIT(A) Chandigarh has erred in upholding the additions made by the Ld. Assessing officer and disregarding the provisions of sub-section (ii) of section 10(10A) ignoring

MR.GULAB SINGH,KHANNA vs. ITO-WARD-5, LUDHIANA

In the result, the appeal of the assessee is allowed

Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)

delay in filing the present appeal is condoned and the appeal of the assessee is admitted for adjudication. 4. Briefly the facts of the present case are that the assessee filed his return of income for the year under consideration manually on 24.09.2010 declaring total income of Rs. 1,65,610/- which was processed under section

DCIT, LUDHIANA vs. M/S JAIN UDHAY APPARELS PVT. LTD., LUDHIANA

In the result appeal of the Revenue is treated as partly allowed and Cross Objection of the assessee are treated as allowed for statistical purposes

Bench: Shri. Sanjay Garg, Judicial, Member & Dr. B.R.R. Kumarassessment Year: 2011-12

delay is hereby condoned. 3. The Revenue has raised the following grounds of appeal: 1. That the Ld. CIT(A)-5, Ludhiana has erred in restricting the addition of Rs. 1,70,85,936/- to Rs. 81,19,207/- made on account of under invoicing of sale without appreciating the fact that the assessee surrendered additional income