M/S HEADMASTER SALOON PVT.LTD.,CHANDIGARH vs. DCIT-CIRCLE-1(1), CHANDIGARH

In the result, appeal of the assessee is allowed for statistical purposes

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

Depreciation 7432860 6383927 16% Admin Exp 11420167 9805464 16% Sub Total 57244859 51110514 12% Expenses Total 90386971 83092356 9% PBT 290853 3371614 -91% 1. Sales growth at 5% has yielded only increase in absolute terms by approx Rs. 42 lacs only. Expenses growth for the year is of 9%, resulting in absolute increase by Rs. 73 lacs. Thereby leaving only

SH. GURINDER MAKKAR,LUDHIANA vs. DCIT, CC-3, LUDHIANA

In the result, the appeal of the assessee is disposed off in light of aforesaid directions

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

depreciation so claimed is directed to be allowed. 8.17 Now coming to the issue of surrender of Rs 8,00,000/- on account of disallowance u/s 40A(3) of the Act, there is no finding that cash expenditure has been found and which has not been accounted for and in such a situation, we fail to understand

A.K.MULTIMETALS PRIVATE LIMITED,MANDI GOBINDGARH vs. ACIT,CIRCLE, MANDI GOBIND GARH

In the result, appeal of the Assessee is allowed

9. We have considered the rival submissions of both the parties and perused the material available on record. It is noticed that the assessee paid the interest to the relatives and family members of the directors @ 12%. In the preceding years also the interest was paid at the same rate, which had been accepted by the department while framing

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MPHALI

In the result, the appeal filed by the Revenue is dismissed

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

40A, Industrial Focal Point, Phase VIII Extn. Mohali-160059 "ायी लेखा सं./PAN NO: AAACQ1134G अपीलाथ"/Appellant ""थ"/Respondent (VIRTUAL HEARING) िनधा"रती की ओर से/Assessee by : Shri Vineet Thakral Advocate And Shri Raman Aggarwal, C.A राज" की ओर से/ Revenue by : Smt. Kusum Bansal, CIT DR सुनवाई की तारीख/Date of Hearing : 12/02/2025 उदघोषणा की तारीख/Date

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MOHALI

In the result, the appeal filed by the Revenue is dismissed

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

40A, Industrial Focal Point, Phase VIII Extn. Mohali-160059 "ायी लेखा सं./PAN NO: AAACQ1134G अपीलाथ"/Appellant ""थ"/Respondent (VIRTUAL HEARING) िनधा"रती की ओर से/Assessee by : Shri Vineet Thakral Advocate And Shri Raman Aggarwal, C.A राज" की ओर से/ Revenue by : Smt. Kusum Bansal, CIT DR सुनवाई की तारीख/Date of Hearing : 12/02/2025 उदघोषणा की तारीख/Date

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MOHALI

In the result, the appeal filed by the Revenue is dismissed

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

40A, Industrial Focal Point, Phase VIII Extn. Mohali-160059 "ायी लेखा सं./PAN NO: AAACQ1134G अपीलाथ"/Appellant ""थ"/Respondent (VIRTUAL HEARING) िनधा"रती की ओर से/Assessee by : Shri Vineet Thakral Advocate And Shri Raman Aggarwal, C.A राज" की ओर से/ Revenue by : Smt. Kusum Bansal, CIT DR सुनवाई की तारीख/Date of Hearing : 12/02/2025 उदघोषणा की तारीख/Date

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MPHALI

In the result, the appeal filed by the Revenue is dismissed

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

40A, Industrial Focal Point, Phase VIII Extn. Mohali-160059 "ायी लेखा सं./PAN NO: AAACQ1134G अपीलाथ"/Appellant ""थ"/Respondent (VIRTUAL HEARING) िनधा"रती की ओर से/Assessee by : Shri Vineet Thakral Advocate And Shri Raman Aggarwal, C.A राज" की ओर से/ Revenue by : Smt. Kusum Bansal, CIT DR सुनवाई की तारीख/Date of Hearing : 12/02/2025 उदघोषणा की तारीख/Date

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MPHALI

In the result, the appeal filed by the Revenue is dismissed

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

40A, Industrial Focal Point, Phase VIII Extn. Mohali-160059 "ायी लेखा सं./PAN NO: AAACQ1134G अपीलाथ"/Appellant ""थ"/Respondent (VIRTUAL HEARING) िनधा"रती की ओर से/Assessee by : Shri Vineet Thakral Advocate And Shri Raman Aggarwal, C.A राज" की ओर से/ Revenue by : Smt. Kusum Bansal, CIT DR सुनवाई की तारीख/Date of Hearing : 12/02/2025 उदघोषणा की तारीख/Date

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MPHALI

In the result, the appeal filed by the Revenue is dismissed

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

40A, Industrial Focal Point, Phase VIII Extn. Mohali-160059 "ायी लेखा सं./PAN NO: AAACQ1134G अपीलाथ"/Appellant ""थ"/Respondent (VIRTUAL HEARING) िनधा"रती की ओर से/Assessee by : Shri Vineet Thakral Advocate And Shri Raman Aggarwal, C.A राज" की ओर से/ Revenue by : Smt. Kusum Bansal, CIT DR सुनवाई की तारीख/Date of Hearing : 12/02/2025 उदघोषणा की तारीख/Date

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MOHALI

In the result, the appeal filed by the Revenue is dismissed

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

40A, Industrial Focal Point, Phase VIII Extn. Mohali-160059 "ायी लेखा सं./PAN NO: AAACQ1134G अपीलाथ"/Appellant ""थ"/Respondent (VIRTUAL HEARING) िनधा"रती की ओर से/Assessee by : Shri Vineet Thakral Advocate And Shri Raman Aggarwal, C.A राज" की ओर से/ Revenue by : Smt. Kusum Bansal, CIT DR सुनवाई की तारीख/Date of Hearing : 12/02/2025 उदघोषणा की तारीख/Date

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MOHALI

In the result, the appeal filed by the Revenue is dismissed

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

40A, Industrial Focal Point, Phase VIII Extn. Mohali-160059 "ायी लेखा सं./PAN NO: AAACQ1134G अपीलाथ"/Appellant ""थ"/Respondent (VIRTUAL HEARING) िनधा"रती की ओर से/Assessee by : Shri Vineet Thakral Advocate And Shri Raman Aggarwal, C.A राज" की ओर से/ Revenue by : Smt. Kusum Bansal, CIT DR सुनवाई की तारीख/Date of Hearing : 12/02/2025 उदघोषणा की तारीख/Date

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MOHALI

In the result, the appeal filed by the Revenue is dismissed

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

40A, Industrial Focal Point, Phase VIII Extn. Mohali-160059 "ायी लेखा सं./PAN NO: AAACQ1134G अपीलाथ"/Appellant ""थ"/Respondent (VIRTUAL HEARING) िनधा"रती की ओर से/Assessee by : Shri Vineet Thakral Advocate And Shri Raman Aggarwal, C.A राज" की ओर से/ Revenue by : Smt. Kusum Bansal, CIT DR सुनवाई की तारीख/Date of Hearing : 12/02/2025 उदघोषणा की तारीख/Date

ACIT, CC-2, CHANDIGARH vs. SHRI KARAJ SINGH, YAMUNA NAGAR

In the result, the revenue’s appeal ITA No

Bench: Hon’Ble Shri Rajpal Yadav & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकर अपील सं./ Ita No. 726/Chandi/2022 (िनधा"रण वष" / Assessment Year: 2018-19) Acit-Central Circle 2 Shri Karaj Singh बनाम/ Cr Building Sector 17 H. No 1379, Modern Colony, Near Iti Vs. Chandigarh 160017 Yamuna Nagar (Haryana) "ायीलेखासं./जीआइआरसं./Pan/Gir No. Atups-5528-A (अपीलाथ"/Appellant) (""थ" / Respondent) : & 2. Co. No. 16/Chandi/2024 [In Ita No. 726/Chandi/2022 (िनधा"रण वष" / Assessment Year: 2018-19) Shri Karaj Singh Acit-Central Circle 2 बनाम/ H. No 1379, Modern Colony, Near Iti, Cr Building Sector 17 Vs. Yamuna Nagar (Haryana) Chandigarh 160017 "ायीलेखासं./जीआइआरसं./Pan/Gir No. Atups-5528-A (Cross-Objector) : (Respondent) Revenue By : Smt. Kusum Bansal (Cit) – Ld. Dr Assessee By : Shri Dhruv Goel (Ca) - Ld. Ar सुनवाईकीतारीख/Date Of Hearing : 18-09-2025 घोषणाकीतारीख /Date Of Pronouncement : 08/10/2025 आदेश / O R D E R Manoj Kumar Aggarwal () 1.1 Aforesaid Appeal By Revenue For Assessment Year (Ay) 2018-19 Arises Out Of An Order Of Learned Commissioner Of Income Tax (Appeals)- 3, Gurgaon [Cit(A)] Dated 26-09-2022 In The Matter Of An Assessment

Section 143(3) of the Act deserve to be quashed as such. 6. That the authorities below have erred in making/confirming additions without providing adequate opportunity of being heard to the assessee and without adhering to the principles of natural justice. 7. The assessee craves leave to add, amend, alter, substitute or revise any of the above-mentioned grounds before

M/S CHEEMA BOILERS LTD.,,MOHALI vs. PR. CIT-2, MOHALI

In the result, the appeal is dismissed

Bench: Shri Krinwant Sahay & Shri Paresh M. Joshiआयकर अपील सं./ Ita No. 748/Chd/2018 "नधा"रण वष" / Assessment Year : 2013-14

40A(7)(b). Claim has been allowed, by AO without making enquiries or verification which should have been made and has resulted in a claim being allowed without enquiring into it. 3.4 The queries raised during revision proceeding u/s 263 of the I.T. Act, 1961 remain unverified and that the order was passed by AO without making enquiries or verification

M/S ASHA TECHNOLOGIES,KALA AMB vs. ITO, SIRMOUR

In the result, both the above appeals of the Assessee are partly allowed as aforesaid in respect of impugned orders dt

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

section 40A(3) of Income Tax Act 1961 .Therefore, this amount of Rs 1,23,299/- is added back to the income of the assessee being unexplained cash credit since the same are not reflected in assessee's regular books of accounts on those relevant dates.. Since the above transaction also violated the provisions of section

M/S ASHA TECHNOLOGIES,SIRMOUR vs. ADDL. CIT, SOLAN

In the result, both the above appeals of the Assessee are partly allowed as aforesaid in respect of impugned orders dt

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

section 40A(3) of Income Tax Act 1961 .Therefore, this amount of Rs 1,23,299/- is added back to the income of the assessee being unexplained cash credit since the same are not reflected in assessee's regular books of accounts on those relevant dates.. Since the above transaction also violated the provisions of section