SH. JAI RAM,JAGADHARI vs. ITO, YAMUNANAGAR

In the result, both the appeal of different assessees are allowed

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumar

40 SOT 205 (Mum.). On perusal of these judgments, it is noticed that the facts on these cases are distinguishable from the facts of the instant case. In the case of Roop Singh (supra), Smt. Burfi (supra), A.R. Dahiya (supra), the issues relate to taxability of interest on enhanced compensation received on compulsory acquisition of the land. In other cases

SH. AMAR SINGH,JAGADHARI vs. ITO, YAMUNANAGAR

In the result, both the appeal of different assessees are allowed

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumar

40 SOT 205 (Mum.). On perusal of these judgments, it is noticed that the facts on these cases are distinguishable from the facts of the instant case. In the case of Roop Singh (supra), Smt. Burfi (supra), A.R. Dahiya (supra), the issues relate to taxability of interest on enhanced compensation received on compulsory acquisition of the land. In other cases

KESHAV DUTT SHREEDHAR,SHIMLA vs. DCIT, SHIMLA

In the result, appeal of the assessee is allowed

40,000/- and the same amount was invested in house property purchased be the assessee. The copy of allotment letter is being annexed herewith for your kind verification” (emphasis supplied) 2.2 The Ld. AR inviting atte ntion to the supporting fact referred to in para 8 highlighted in the reproduction made ITA 8 /CHD/2016 A.Y. 2008-09 Page

RAVI BINDAL & MADAN LAL CHAUDHARY,PARWANOO vs. ITO, PARWANOO

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

Bench: Shri Sanjay Garg

section 24 of the Act. A perusal of the impugned order of the CIT(A) reveals that the Ld. CIT(A) has rejected the aforesaid claim of the assessee on two grounds; firstly, that the assessee has not placed the copy of the relevant loan agreement / bank papers to show that the aforesaid loan was taken for acquisition / construction

DCIT, CIRCLE, PATIALA vs. M/S PUNJAB STATE POWER CORPORATION LTD., PATIALA

In the result, ground no. 1 & 3 of the Revenue’s appeal is allowed and ground no

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

40(a)(ii) along with the above referred two Apex Court judgments, it can be noticed that not only the payment of income-tax is not deductible but also the interest paid by the assessee for non/delayed payment of income-tax, be it directly payable to the Income-tax department or on loans taken for paying income tax, cannot

RAJIV KUMAR GOYAL,DHURI vs. DCIT, CC-2, LUDHIANA

In the result, the appeal of the assessee is allowed

Bench: This Hon’Ble Tribunal Under Section 253 Of The Income Tax Act, 1961 As Amended From Time To Time. 2. The Assessee Is Aggrieved By Order Of The Ld. Cit(A) Dated 03/02/2023 In Appeal No. 10850/2018-19/It/Cit(A)-5/Ldh/2021-22 For A.Y. 2019-20 Under Section 250(6) Of The Income Tax Act, 1961 Which Was Dismissed. Therefore The Present Second Appeal Under Section 253 Of The Income Tax Act, 1961 Before Us Against The Aforesaid Order Dt. 03/02/2023 Which Is Hereiafter Referred To As The Impugned Order. Factual Matrix 3. The Assessee Had For The Relevant Year I.E; A.Y. 2019-20 Was Also Engaged In The Same Business I.E; Manufacturing Of Pvc Pipes & Had Filed

house property’, (iii) ‘profits and gains from business or profession’, (iv) ‘capital gains’ and (v) ‘income from other sources’ – cannot at all be adjusted against unexplained investment or expenditure. What is necessary as per Hon. Gujarat High Court is that source of acquisition of asset or expenditure should be clearly identifiable. In the case before Hon. Gujarat High Court

SH. MAHESH CHUGH,CHANDIGARH vs. PR.CIT-2, CHANDIGARH

In the result, the appeal of the assessee is allowed

property u/s 54F, it was submitted, was of Rs. 72,50,000/-. Inviting attention to copy of the Purchase Deed appended at pages 12 to 23 of House No. 3113, Sector 28D. It was submitted that these were filed before the AO as well as the PCIT. 5.4. In the said background, in the hearings which continued before

SIKANDER SINGH MALUKA,MOHALI vs. ITO, MOHALI

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

Bench: Shri Sanjay Garg & Ms. Annapurna Guptathe I.T.O., Vs. Sh.Sikandar Singh Maluka, Ward 5(1), # 1370, Sector 40-B, Chandigarh. Chandigarh Pan: Abzpm7206N & Sh.Sikandar Singh Maluka, Vs. The I.T.O., # 1370, Sector 40-B, Ward 5(2), Chandigarh. Chandigarh Pan: Abzpm7206N

40-B, Ward 5(2), Chandigarh. Chandigarh PAN: ABZPM7206N (Appellant) (Respondent) Department by : Shri Manjit Singh Assessee by : Shri T.N. Singla, CA Date of hearing : 14.05.2018 Date of Pronouncement : 17.05.2018 ORDER PER ANNAPURNA GUPTA, A.M.: The captioned cross appeals, by the Revenue and the assessee, have been filed against the order of learned Commissioner of Income Tax (Appeals)-2, Chandigarh

SH. RAJINDER SINGH BEDI,CHANDIGARH vs. DCIT (INTL. TAXATION), CHANDIGARH

In the result, appeal of the assessee is allowed

Bench: Shri Rajpal Yadav & Shri Manoj Kumar Aggarwalआयकर अपील सं./ Ita No. 538/Chd/2022 "नधा"रण वष" / Assessment Year: 2018-19 Shri Rajinder Singh Bedi, The Dcit, (Int.Taxation ), 1368, Sector 40-B, Vs Chandigarh. Chandigarh. "थायी लेखा सं./Pan No: Afwpb3355A अपीलाथ"/Appellant ""यथ"/Respondent Assessee By : Shri Sudhir Sehgal, Advocate Revenue By : Smt. Kusum Bansal, Cit, Dr Date Of Hearing : 09.04.2025 Date Of Pronouncement : 04.06.2025 Hybrid Hearing O R D E R

house bearing No. 845 Sector 38-A, Chandigarh was originally allotted to Smt. Joginder Kaur on 03.04.1987. The assessee got 100% share of this property from his mother on 24.06.2010. He has sold the property for a total consideration of Rs.3,88,00,000/- during the accounting year relevant to assessment year 2018-19. Thus, the dispute relates to correct

M/S FATEH RESORTS PVT.LTD,CHANDIGARH vs. ITO WARD-1(4), CHANDIGARH

In the result, appeal of the assessee is allowed to the above

40,085/- but no income under any head has been shown except agriculture income of Rs. 1,69,000/- Therefore, I have reason to believe that the rental income from the house property has escaped assessment within the meaning of section

SHRI SANJAY JAIN,BATHINDA vs. PR.CIT(CENTRAL), LUDHIANA

Bench: Shri N.K. Saini & Shri Sudhanshu Srivastava

Section 263 (copies of which have been placed in the paper books of each assessee) and, thereafter, the Ld. PCIT, on the basis of the said proposals, issued a notice u/s 263, and, thus, it was argued that the observation of the Ld. PCIT in the impugned order that he had occasion to peruse the assessment record is not correct

TARUN JAIN,BATHINDA vs. PR.CIT(CENTRAL), LUDHIANA

Bench: Shri N.K. Saini & Shri Sudhanshu Srivastava

Section 263 (copies of which have been placed in the paper books of each assessee) and, thereafter, the Ld. PCIT, on the basis of the said proposals, issued a notice u/s 263, and, thus, it was argued that the observation of the Ld. PCIT in the impugned order that he had occasion to peruse the assessment record is not correct

RAJNI JAIN,BATHINDA vs. PR.CIT(CENTRAL), LUDHIANA

Bench: Shri N.K. Saini & Shri Sudhanshu Srivastava

Section 263 (copies of which have been placed in the paper books of each assessee) and, thereafter, the Ld. PCIT, on the basis of the said proposals, issued a notice u/s 263, and, thus, it was argued that the observation of the Ld. PCIT in the impugned order that he had occasion to peruse the assessment record is not correct

AJMER SINGH,MOHALI vs. ITO, W-6(5), MOHAL

In the result, the appeal of the Revenue is dismissed

Bench: Disposal Of Appeal.”

House No. 85, Village Rai Pur Kalan Kharar, SAS Nagar, Mohali "थायी लेखा सं./PAN NO: CWJPS6206H अपीलाथ"/Appellant ""यथ"/Respondent िनधा"रती क" ओर से/Assessee by : Shri Tej Mohan Singh, Advocate राज"व क" ओर से/ Revenue by : Smt. Amanpreet Kaur, Sr. DR सुनवाई क" तारीख/Date of Hearing : 06/02/2024 उदघोषणा क" तारीख/Date of Pronouncement : 03/05/2024 आदेश

ITO, W-6(5), MOHALI vs. SMT. GURDEV KAUR, KHARAR

In the result, the appeal of the Revenue is dismissed

Bench: Disposal Of Appeal.”

House No. 85, Village Rai Pur Kalan Kharar, SAS Nagar, Mohali "थायी लेखा सं./PAN NO: CWJPS6206H अपीलाथ"/Appellant ""यथ"/Respondent िनधा"रती क" ओर से/Assessee by : Shri Tej Mohan Singh, Advocate राज"व क" ओर से/ Revenue by : Smt. Amanpreet Kaur, Sr. DR सुनवाई क" तारीख/Date of Hearing : 06/02/2024 उदघोषणा क" तारीख/Date of Pronouncement : 03/05/2024 आदेश

AJMER SINGH,MOHALI vs. ITO, W-6(5), MOHAL

In the result, the appeal of the Revenue is dismissed

Bench: Disposal Of Appeal.”

House No. 85, Village Rai Pur Kalan Kharar, SAS Nagar, Mohali "थायी लेखा सं./PAN NO: CWJPS6206H अपीलाथ"/Appellant ""यथ"/Respondent िनधा"रती क" ओर से/Assessee by : Shri Tej Mohan Singh, Advocate राज"व क" ओर से/ Revenue by : Smt. Amanpreet Kaur, Sr. DR सुनवाई क" तारीख/Date of Hearing : 06/02/2024 उदघोषणा क" तारीख/Date of Pronouncement : 03/05/2024 आदेश

M/S CHANDIGARH LAWN TENNIS ASSOCIATION,CHANDIGARH vs. ITO (EXEMPTIONS), CHANDIGARH

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaassessment Year : 2013-14 Chandigarh Lawn Tennis Vs. The Ito (Exemptions), Association, Ward, Chandigarh Sector 10, Chandigarh Pan No. Aaatc4943J (Appellant) (Respondent) Appellant By : Sh. Y.K. Sud, Ca Respondent By : Smt. Chanderkanta, Addl. Cit (On 22.3.2018) & Sh.Yoginder Mittal, Sr. Dr (On 13.7.2018) Date Of Hearing : 22.03.2018 & 13.7.2018 Date Of Pronouncement : 26.07.2018

section 2(15) there is a paradigm shift from the earlier position. Though, some of the decisions of the Delhi High Court as referred to above and that of the Pb. & Hry. High Court in the case of The Tribune Trust (supra) have been delivered subsequent to the introduction of the second proviso to section

SANJEEV KUMAR GOYAL,LUDHIANA vs. ACIT, CC-2, LUDHIANA

In the result, all these three appeals are hereby allowed

Bench: The Disposal Of The Present Appeal.

house property as stated by you and the interest paid on loan against property is clearly eligible for deduction u/s 57 of the Act. In funds received by the assessee out of the loan against property was also utilized for giving unsecured loans. 4. That in most of the'cases interest to be paid on unsecured loans has been credited