DY. COMMISSIONER OF INCOME TAX, CC-1, , LUDHIANA vs. M/S AMAN FEED INDUSTRIES, KHANNA

In the result, appeals of the assessee for A

Bench: Shri Rajpal Yadav & Shri Krinwant Sahayआयकर अपील सं./ Ita Nos. 1252, 1253,1254,1255/Chd/2024 "नधा"रण वष" / A.Y.: 2015-16, 2017-18, 2018-19,2019-20 M/S Aman Feed Industries, The Dcit, E-2, Focal Point, Vs Central Circle-1, Khanna. Ludhiana. "थायी लेखा सं./Pan No: Aacfa3624L अपीलाथ"/Appellant ""यथ"/Respondent आयकर अपील सं./ Ita Nos. 116,181,457/Chd/2025 "नधा"रण वष" / A.Y.: 2017-18, 2018-19, 2019-20 The Dcit, Vs M/S Aman Feed Industries, Central Circle-1, E-2, Focal Point, Ludhiana. Khanna. "थायी लेखा सं./Pan No: Aacfa3624L अपीलाथ"/Appellant ""यथ"/Respondent Assessee By : Shri Ashwani Kumar, Shri Kulbhushan Goyal & Ms, Deepali Aggarwal, Cas Revenue By : Shri Manav Bansal, Cit Dr Date Of Hearing : 28.07.2025 Date Of Pronouncement : 16.10.2025

145(3) of the Income Tax, 1961. 3. That he was further not justified to uphold the action of the Learned Assessing Officer in arbitrarily making an addition of Rs. 1.00 crore being cash allegedly found in excess during the course of search as unexplained money by resort to provisions of Section 69A of the Act and taxed u/s 115BBE

AMAN FEED INDUSTRIES,KHANNA vs. DEPUTY COMMISSIONER OF INCOME TAX, CC-1, LUDHIANA, LUDHIANA

In the result, appeals of the assessee for A

Bench: Shri Rajpal Yadav & Shri Krinwant Sahayआयकर अपील सं./ Ita Nos. 1252, 1253,1254,1255/Chd/2024 "नधा"रण वष" / A.Y.: 2015-16, 2017-18, 2018-19,2019-20 M/S Aman Feed Industries, The Dcit, E-2, Focal Point, Vs Central Circle-1, Khanna. Ludhiana. "थायी लेखा सं./Pan No: Aacfa3624L अपीलाथ"/Appellant ""यथ"/Respondent आयकर अपील सं./ Ita Nos. 116,181,457/Chd/2025 "नधा"रण वष" / A.Y.: 2017-18, 2018-19, 2019-20 The Dcit, Vs M/S Aman Feed Industries, Central Circle-1, E-2, Focal Point, Ludhiana. Khanna. "थायी लेखा सं./Pan No: Aacfa3624L अपीलाथ"/Appellant ""यथ"/Respondent Assessee By : Shri Ashwani Kumar, Shri Kulbhushan Goyal & Ms, Deepali Aggarwal, Cas Revenue By : Shri Manav Bansal, Cit Dr Date Of Hearing : 28.07.2025 Date Of Pronouncement : 16.10.2025

145(3) of the Income Tax, 1961. 3. That he was further not justified to uphold the action of the Learned Assessing Officer in arbitrarily making an addition of Rs. 1.00 crore being cash allegedly found in excess during the course of search as unexplained money by resort to provisions of Section 69A of the Act and taxed u/s 115BBE

AMAN FEED INDUSTRIES,KHANNA vs. DEPUTY COMMISSIONER OF INCOME TAX, CC-1, , LUDHIANA

In the result, appeals of the assessee for A

Bench: Shri Rajpal Yadav & Shri Krinwant Sahayआयकर अपील सं./ Ita Nos. 1252, 1253,1254,1255/Chd/2024 "नधा"रण वष" / A.Y.: 2015-16, 2017-18, 2018-19,2019-20 M/S Aman Feed Industries, The Dcit, E-2, Focal Point, Vs Central Circle-1, Khanna. Ludhiana. "थायी लेखा सं./Pan No: Aacfa3624L अपीलाथ"/Appellant ""यथ"/Respondent आयकर अपील सं./ Ita Nos. 116,181,457/Chd/2025 "नधा"रण वष" / A.Y.: 2017-18, 2018-19, 2019-20 The Dcit, Vs M/S Aman Feed Industries, Central Circle-1, E-2, Focal Point, Ludhiana. Khanna. "थायी लेखा सं./Pan No: Aacfa3624L अपीलाथ"/Appellant ""यथ"/Respondent Assessee By : Shri Ashwani Kumar, Shri Kulbhushan Goyal & Ms, Deepali Aggarwal, Cas Revenue By : Shri Manav Bansal, Cit Dr Date Of Hearing : 28.07.2025 Date Of Pronouncement : 16.10.2025

145(3) of the Income Tax, 1961. 3. That he was further not justified to uphold the action of the Learned Assessing Officer in arbitrarily making an addition of Rs. 1.00 crore being cash allegedly found in excess during the course of search as unexplained money by resort to provisions of Section 69A of the Act and taxed u/s 115BBE

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, LUDHIANA, LUDHIANA vs. AMAN FEED INDUSTRIES, KHANNA

In the result, appeals of the assessee for A

Bench: Shri Rajpal Yadav & Shri Krinwant Sahayआयकर अपील सं./ Ita Nos. 1252, 1253,1254,1255/Chd/2024 "नधा"रण वष" / A.Y.: 2015-16, 2017-18, 2018-19,2019-20 M/S Aman Feed Industries, The Dcit, E-2, Focal Point, Vs Central Circle-1, Khanna. Ludhiana. "थायी लेखा सं./Pan No: Aacfa3624L अपीलाथ"/Appellant ""यथ"/Respondent आयकर अपील सं./ Ita Nos. 116,181,457/Chd/2025 "नधा"रण वष" / A.Y.: 2017-18, 2018-19, 2019-20 The Dcit, Vs M/S Aman Feed Industries, Central Circle-1, E-2, Focal Point, Ludhiana. Khanna. "थायी लेखा सं./Pan No: Aacfa3624L अपीलाथ"/Appellant ""यथ"/Respondent Assessee By : Shri Ashwani Kumar, Shri Kulbhushan Goyal & Ms, Deepali Aggarwal, Cas Revenue By : Shri Manav Bansal, Cit Dr Date Of Hearing : 28.07.2025 Date Of Pronouncement : 16.10.2025

145(3) of the Income Tax, 1961. 3. That he was further not justified to uphold the action of the Learned Assessing Officer in arbitrarily making an addition of Rs. 1.00 crore being cash allegedly found in excess during the course of search as unexplained money by resort to provisions of Section 69A of the Act and taxed u/s 115BBE

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1 , LUDHIANA vs. AMAN FEED INDUSTRIES, KHANNA

In the result, appeals of the assessee for A

Bench: Shri Rajpal Yadav & Shri Krinwant Sahayआयकर अपील सं./ Ita Nos. 1252, 1253,1254,1255/Chd/2024 "नधा"रण वष" / A.Y.: 2015-16, 2017-18, 2018-19,2019-20 M/S Aman Feed Industries, The Dcit, E-2, Focal Point, Vs Central Circle-1, Khanna. Ludhiana. "थायी लेखा सं./Pan No: Aacfa3624L अपीलाथ"/Appellant ""यथ"/Respondent आयकर अपील सं./ Ita Nos. 116,181,457/Chd/2025 "नधा"रण वष" / A.Y.: 2017-18, 2018-19, 2019-20 The Dcit, Vs M/S Aman Feed Industries, Central Circle-1, E-2, Focal Point, Ludhiana. Khanna. "थायी लेखा सं./Pan No: Aacfa3624L अपीलाथ"/Appellant ""यथ"/Respondent Assessee By : Shri Ashwani Kumar, Shri Kulbhushan Goyal & Ms, Deepali Aggarwal, Cas Revenue By : Shri Manav Bansal, Cit Dr Date Of Hearing : 28.07.2025 Date Of Pronouncement : 16.10.2025

145(3) of the Income Tax, 1961. 3. That he was further not justified to uphold the action of the Learned Assessing Officer in arbitrarily making an addition of Rs. 1.00 crore being cash allegedly found in excess during the course of search as unexplained money by resort to provisions of Section 69A of the Act and taxed u/s 115BBE

AMAN FEED INDUSTRIES,KHANNA vs. DEPUTY COMMISSIONER OF INCOME TAX, CC-1, , LUDHIANA

In the result, appeals of the assessee for A

Bench: Shri Rajpal Yadav & Shri Krinwant Sahayआयकर अपील सं./ Ita Nos. 1252, 1253,1254,1255/Chd/2024 "नधा"रण वष" / A.Y.: 2015-16, 2017-18, 2018-19,2019-20 M/S Aman Feed Industries, The Dcit, E-2, Focal Point, Vs Central Circle-1, Khanna. Ludhiana. "थायी लेखा सं./Pan No: Aacfa3624L अपीलाथ"/Appellant ""यथ"/Respondent आयकर अपील सं./ Ita Nos. 116,181,457/Chd/2025 "नधा"रण वष" / A.Y.: 2017-18, 2018-19, 2019-20 The Dcit, Vs M/S Aman Feed Industries, Central Circle-1, E-2, Focal Point, Ludhiana. Khanna. "थायी लेखा सं./Pan No: Aacfa3624L अपीलाथ"/Appellant ""यथ"/Respondent Assessee By : Shri Ashwani Kumar, Shri Kulbhushan Goyal & Ms, Deepali Aggarwal, Cas Revenue By : Shri Manav Bansal, Cit Dr Date Of Hearing : 28.07.2025 Date Of Pronouncement : 16.10.2025

145(3) of the Income Tax, 1961. 3. That he was further not justified to uphold the action of the Learned Assessing Officer in arbitrarily making an addition of Rs. 1.00 crore being cash allegedly found in excess during the course of search as unexplained money by resort to provisions of Section 69A of the Act and taxed u/s 115BBE

AMAN FEED INDUSTRIES,KHANNA vs. DEPUTY COMMISSIONER OF INCOME TAX, CC-1, , LUDHIANA

In the result, appeals of the assessee for A

Bench: Shri Rajpal Yadav & Shri Krinwant Sahayआयकर अपील सं./ Ita Nos. 1252, 1253,1254,1255/Chd/2024 "नधा"रण वष" / A.Y.: 2015-16, 2017-18, 2018-19,2019-20 M/S Aman Feed Industries, The Dcit, E-2, Focal Point, Vs Central Circle-1, Khanna. Ludhiana. "थायी लेखा सं./Pan No: Aacfa3624L अपीलाथ"/Appellant ""यथ"/Respondent आयकर अपील सं./ Ita Nos. 116,181,457/Chd/2025 "नधा"रण वष" / A.Y.: 2017-18, 2018-19, 2019-20 The Dcit, Vs M/S Aman Feed Industries, Central Circle-1, E-2, Focal Point, Ludhiana. Khanna. "थायी लेखा सं./Pan No: Aacfa3624L अपीलाथ"/Appellant ""यथ"/Respondent Assessee By : Shri Ashwani Kumar, Shri Kulbhushan Goyal & Ms, Deepali Aggarwal, Cas Revenue By : Shri Manav Bansal, Cit Dr Date Of Hearing : 28.07.2025 Date Of Pronouncement : 16.10.2025

145(3) of the Income Tax, 1961. 3. That he was further not justified to uphold the action of the Learned Assessing Officer in arbitrarily making an addition of Rs. 1.00 crore being cash allegedly found in excess during the course of search as unexplained money by resort to provisions of Section 69A of the Act and taxed u/s 115BBE

KALANEEDHI JEWELLERS LLP,PATIALA vs. DCIT-CC, PATIALA

In the result, appeals of both the assesses are allowed

145(3) of the Income Tax Act. Assessment is being completed subject to the following observations: A. Addition on account of cash deposited during demonetization During demonetization the assessee had deposited Rs. 2,90,20,000/- in its CC Account with State Bank of Patiala. During the course of assessment proceedings, data taken on pen drive and Hard disc

SSMT. CHARU AGGARWAL,PATIALA vs. DCIT-CC, PATIALA

In the result, appeals of both the assesses are allowed

145(3) of the Income Tax Act. Assessment is being completed subject to the following observations: A. Addition on account of cash deposited during demonetization During demonetization the assessee had deposited Rs. 2,90,20,000/- in its CC Account with State Bank of Patiala. During the course of assessment proceedings, data taken on pen drive and Hard disc

S.P. SINGLA CONSTRUCTION PRIVATE LIMITED,DELHI vs. DEPUTY COMMISSIONER OF INCOME TAX, CHANDIGARH

In the result, the appeal is allowed

Bench: SHRI MAHAVIR SINGH (Vice President), SHRI KRINWANT SAHAY (Accountant Member)

property being land or building or both, shares and securities, loans and advances and deposits in the bank accounts. From the facts of the case, it is observed that the AO has recorded her satisfaction that income of Rs. 36,10,58,438/- has escaped assessment on account of bogus expenses claimed in the names of fictitious sub contractors

DCIT, C-1, (E), CHANDIGARH vs. M/S MANAV MANGAL SOCIETY, CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

145 Sector-64 SAS Nagar, Mohali begins February 2012 School site purchased from Shipra Estate Ltd on installment basis April 2012 to (a) Payment of instatllments to Shipra August 2014 Estates Ltd. (b) Planning & seeking approvals from GMADA for construction of School Building September 2014 Construction of School building in Shipra to March 2016 Estate Ltd. Zirakpur April 2016 Working

DCIT, C-1, (E), CHANDIGARH vs. M/S MANAV MANGAL SOCIETY, CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

145 Sector-64 SAS Nagar, Mohali begins February 2012 School site purchased from Shipra Estate Ltd on installment basis April 2012 to (a) Payment of instatllments to Shipra August 2014 Estates Ltd. (b) Planning & seeking approvals from GMADA for construction of School Building September 2014 Construction of School building in Shipra to March 2016 Estate Ltd. Zirakpur April 2016 Working

M/S MANAV MANGAL SOCIETY,CHANDIGARH vs. DCIT, C-1, (E), CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

145 Sector-64 SAS Nagar, Mohali begins February 2012 School site purchased from Shipra Estate Ltd on installment basis April 2012 to (a) Payment of instatllments to Shipra August 2014 Estates Ltd. (b) Planning & seeking approvals from GMADA for construction of School Building September 2014 Construction of School building in Shipra to March 2016 Estate Ltd. Zirakpur April 2016 Working

DCIT, C-1, (E), CHANDIGARH vs. M/S MANAV MANGAL SOCIETY, CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

145 Sector-64 SAS Nagar, Mohali begins February 2012 School site purchased from Shipra Estate Ltd on installment basis April 2012 to (a) Payment of instatllments to Shipra August 2014 Estates Ltd. (b) Planning & seeking approvals from GMADA for construction of School Building September 2014 Construction of School building in Shipra to March 2016 Estate Ltd. Zirakpur April 2016 Working

DCIT, C-1, (E), CHANDIGARH vs. M/S MANAV MANGAL SOCIETY, CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

145 Sector-64 SAS Nagar, Mohali begins February 2012 School site purchased from Shipra Estate Ltd on installment basis April 2012 to (a) Payment of instatllments to Shipra August 2014 Estates Ltd. (b) Planning & seeking approvals from GMADA for construction of School Building September 2014 Construction of School building in Shipra to March 2016 Estate Ltd. Zirakpur April 2016 Working

DCIT, C-1, (E), CHANDIGARH vs. M/S MANAV MANGAL SOCIETY, CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

145 Sector-64 SAS Nagar, Mohali begins February 2012 School site purchased from Shipra Estate Ltd on installment basis April 2012 to (a) Payment of instatllments to Shipra August 2014 Estates Ltd. (b) Planning & seeking approvals from GMADA for construction of School Building September 2014 Construction of School building in Shipra to March 2016 Estate Ltd. Zirakpur April 2016 Working

DCIT,CIRCLE-1(EXEMPTION), CHANDIGARH vs. M/S MANAV MANGAL SCHOOL( MANAV MANGAL SOCIETY), CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

145 Sector-64 SAS Nagar, Mohali begins February 2012 School site purchased from Shipra Estate Ltd on installment basis April 2012 to (a) Payment of instatllments to Shipra August 2014 Estates Ltd. (b) Planning & seeking approvals from GMADA for construction of School Building September 2014 Construction of School building in Shipra to March 2016 Estate Ltd. Zirakpur April 2016 Working

M/S MANAV MANGAL SOCIETY,CHANDIGARH vs. DCIT, C-1, (E), CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

145 Sector-64 SAS Nagar, Mohali begins February 2012 School site purchased from Shipra Estate Ltd on installment basis April 2012 to (a) Payment of instatllments to Shipra August 2014 Estates Ltd. (b) Planning & seeking approvals from GMADA for construction of School Building September 2014 Construction of School building in Shipra to March 2016 Estate Ltd. Zirakpur April 2016 Working