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

JAGMOHAN KAUR BAJWA LEGAL HEIR OF LT.JASKIRAN SINGH BAJWA,CHANDIGARH vs. ITO, W-3(1), CHANDIGARH

In the result, the appeal of the Legal heir of the deceased assessee is allowed

Bench: The Date Of Hearing Of Appeal.

houses some renovation, if required was carried out and then the same was sold off. It was stated that the deceased assessee received a sum of Rs. 19,00,000/- from Shri Hardev Singh, his maternal uncle who had been in the Government service and after his retirement, he was settled in Canada where his son Shri Maninder Singh Sahi

SH. RAVINANDAN KUMAR,LUDHIANA vs. ACIT, C-7, LUDHIANA

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

Properties arid vancnA other personal Unsecured Loans It is a landmark principle that money has no colour and entire money of the Assessee, coming from any source, comes m a common kitty. It should De the discretion of the Assessee that where he had applied his sources The above Investment in M/s Rahul Sales is his personal Investment, whereas

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

191 24,16,00 0 5,000 J.R. Sardana, Manav Mangal High School, Sector 21 C, Chandigarh Particulars A.Y. 2011-12 A.Y. 2012-13 A.Y. 2013-14 Total Salary Paid 85,15,744/- 1,06,03,045/- 1,43,37,083/- 3,34,55,872/- Interest Paid 26,25,955/- 13,69,588/- 16,27,668/- 56,23,211/- Rent

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

191 24,16,00 0 5,000 J.R. Sardana, Manav Mangal High School, Sector 21 C, Chandigarh Particulars A.Y. 2011-12 A.Y. 2012-13 A.Y. 2013-14 Total Salary Paid 85,15,744/- 1,06,03,045/- 1,43,37,083/- 3,34,55,872/- Interest Paid 26,25,955/- 13,69,588/- 16,27,668/- 56,23,211/- Rent

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

191 24,16,00 0 5,000 J.R. Sardana, Manav Mangal High School, Sector 21 C, Chandigarh Particulars A.Y. 2011-12 A.Y. 2012-13 A.Y. 2013-14 Total Salary Paid 85,15,744/- 1,06,03,045/- 1,43,37,083/- 3,34,55,872/- Interest Paid 26,25,955/- 13,69,588/- 16,27,668/- 56,23,211/- Rent

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

191 24,16,00 0 5,000 J.R. Sardana, Manav Mangal High School, Sector 21 C, Chandigarh Particulars A.Y. 2011-12 A.Y. 2012-13 A.Y. 2013-14 Total Salary Paid 85,15,744/- 1,06,03,045/- 1,43,37,083/- 3,34,55,872/- Interest Paid 26,25,955/- 13,69,588/- 16,27,668/- 56,23,211/- Rent

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

191 24,16,00 0 5,000 J.R. Sardana, Manav Mangal High School, Sector 21 C, Chandigarh Particulars A.Y. 2011-12 A.Y. 2012-13 A.Y. 2013-14 Total Salary Paid 85,15,744/- 1,06,03,045/- 1,43,37,083/- 3,34,55,872/- Interest Paid 26,25,955/- 13,69,588/- 16,27,668/- 56,23,211/- Rent

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

191 24,16,00 0 5,000 J.R. Sardana, Manav Mangal High School, Sector 21 C, Chandigarh Particulars A.Y. 2011-12 A.Y. 2012-13 A.Y. 2013-14 Total Salary Paid 85,15,744/- 1,06,03,045/- 1,43,37,083/- 3,34,55,872/- Interest Paid 26,25,955/- 13,69,588/- 16,27,668/- 56,23,211/- Rent

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

191 24,16,00 0 5,000 J.R. Sardana, Manav Mangal High School, Sector 21 C, Chandigarh Particulars A.Y. 2011-12 A.Y. 2012-13 A.Y. 2013-14 Total Salary Paid 85,15,744/- 1,06,03,045/- 1,43,37,083/- 3,34,55,872/- Interest Paid 26,25,955/- 13,69,588/- 16,27,668/- 56,23,211/- Rent

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

191 24,16,00 0 5,000 J.R. Sardana, Manav Mangal High School, Sector 21 C, Chandigarh Particulars A.Y. 2011-12 A.Y. 2012-13 A.Y. 2013-14 Total Salary Paid 85,15,744/- 1,06,03,045/- 1,43,37,083/- 3,34,55,872/- Interest Paid 26,25,955/- 13,69,588/- 16,27,668/- 56,23,211/- Rent

SH. AMAN SETH,LUDHIANA vs. ITO, W-1(1), LUDHIANA

In the result, appeal filed by the assessee is allowed for statistical purposes

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

section 36(l)(iii)." Further, in the case of CIT Vs Abhishek Industries Ltd. quoted above, the Hon'ble Punjab & Haryana High Court held that: - "Once it is borne out from the records that the assessee had borrowed certain funds on which liability to pay tax is being incurred and on the other hand, certain amounts had been advanced

DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2 LUDHIANA, LUDHIANA vs. AB ALCOBEV PRIVATE LIMITED , DELHI

In the result, appeals of Revenue are dismissed, Cross\nObjections of the assessee for

HOUSING AGENCY\nVERSUS ACIT CENTRAL CIRCLE 1 (1), NAGPUR (Refer page no. 50-60 of case\nlaw index book)\nAssessment u/s 153A - only survey operation under section 133A - Whether\nvalid search is conducted against the assessee u/s 132? - HELD THAT:- We\nfind that the search has been initiated in the name of the assessee firm along\nwith names of partners

DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2, LUDHIANA , LUDHIANA vs. AB ALCOBEV PRIVATE LIMITED, DELHI

In the result, appeals of Revenue are dismissed, Cross\nObjections of the assessee for

HOUSING AGENCY\nVERSUS ACIT CENTRAL CIRCLE 1 (1), NAGPUR (Refer page no. 50-60 of case\nlaw index book)\nAssessment u/s 153A - only survey operation under section 133A - Whether\nvalid search is conducted against the assessee u/s 132? - HELD THAT:- We\nfind that the search has been initiated in the name of the assessee firm along\nwith names of partners

DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2, LUDHIANA vs. AB ALCOBEV PRIVATE LIMITED, DELHI

In the result, appeals of Revenue are dismissed, Cross\nObjections of the assessee for

HOUSING AGENCY\nVERSUS ACIT CENTRAL CIRCLE 1 (1), NAGPUR (Refer page no. 50-60 of case\nlaw index book)\nAssessment u/s 153A - only survey operation under section 133A - Whether\nvalid search is conducted against the assessee u/s 132? - HELD THAT:- We\nfind that the search has been initiated in the name of the assessee firm along\nwith names of partners

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2,, LUDHIANA vs. AB ALCOBEV PRIVATE LIMITED, DELHI

In the result, appeals of Revenue are dismissed, Cross\nObjections of the assessee for

HOUSING AGENCY\nVERSUS ACIT CENTRAL CIRCLE 1 (1), NAGPUR (Refer page no. 50-60 of case\nlaw index book)\nviii)\nAssessment u/s 153A - only survey operation under section 133A - Whether\nvalid search is conducted against the assessee u/s 132? - HELD THAT:- We\nfind that the search has been initiated in the name of the assessee firm along\nwith names

M/S GREATER MOHALI AREA DEVELOPMENT AUTHORITY,MOHALI vs. DCIT, C-6(1), MOHALI

In the result, the appeal of the assessee is hereby dismissed

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumarassessment Year : 2009-10

properties, movable and immovable; e) all moneys received by the authority by way of the rent and profits or in any other manner or from any other source; and f) all moneys received by the Authority in connection with the execution of any town development scheme. (2) The funds of the Authority shall be applied towards meeting- a) The expenditure

SH. SATPAL GOSAIN,LUDHIANA vs. ACIT, LUDHIANA

The appeal of the assessee is partly allowed

191, 192, 253, 254, 278 and 398 of 2014 vide order dated 22.07.2015 has held as under: "As per the order of the Hon'ble Punjab & Haryana High Court " it was submitted by learned counsel for the assessee-appellant that whatever amount was received from the developer, capital gains tax has already been paid on that and sale deeds have