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

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

40A(3) of the Act is unsustainable. As in the cited case, here also, there is no evidence worth its name to incriminate the assessee and this conclusion has been arrived at only on premises and conjectures, rendering it unsustainable in the eye of law. ITA 146,147 & 148/CHD/2021 A.Y. 2011-12, 2015-16 & 2016-17 38 12. Then

SANJEEV KUMAR KATHURIA,YAMUNA NAGAR vs. INCOME TAX OFFICER WARD 1 , YAMUNANAGAR

In the result, the appeal of the assessee is allowed

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

40A(3) of Income Tax Act and same has been challenged before NFAC New Delhi. 9. The ld. AR further submitted that the Assessing officer has made enquiry in respect of FMV of residential house as on 1-4-2001 vide notice under section 142(1) dated 07/02/2020 and asked for details of sale of property

M/S AJAY KUMAR SOOD ENGINEERS & CONTRACTORS,SHIMLA vs. DCIT, CHANDIGARH

The appeal of the Revenue is hereby dismissed

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

Section 40A(3) are not attracted to this transaction and hence the addition is hereby directed to be deleted. Regarding the amount of Rs. 21,275/- it was submitted that it was used for purchase of material at the site of Sanjauli for urgent requirement. Owing to the business expediency, the amount involved in the purpose intended we hereby delete

M/S AJAY KUMAR SOOD ENGINEERS & CONTRACTORS,SHIMLA vs. DCIT, CHANDIGARH

The appeal of the Revenue is hereby dismissed

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

Section 40A(3) are not attracted to this transaction and hence the addition is hereby directed to be deleted. Regarding the amount of Rs. 21,275/- it was submitted that it was used for purchase of material at the site of Sanjauli for urgent requirement. Owing to the business expediency, the amount involved in the purpose intended we hereby delete

M/S AJAY KUMAR SOOD ENGINEERS & CONTRACTORS,SHIMLA vs. DCIT, CHANDIGARH

The appeal of the Revenue is hereby dismissed

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

Section 40A(3) are not attracted to this transaction and hence the addition is hereby directed to be deleted. Regarding the amount of Rs. 21,275/- it was submitted that it was used for purchase of material at the site of Sanjauli for urgent requirement. Owing to the business expediency, the amount involved in the purpose intended we hereby delete

M/S AJAY KUMAR SOOD ENGINEERS & CONTRACTORS,SHIMLA vs. DCIT, CHANDIGARH

The appeal of the Revenue is hereby dismissed

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

Section 40A(3) are not attracted to this transaction and hence the addition is hereby directed to be deleted. Regarding the amount of Rs. 21,275/- it was submitted that it was used for purchase of material at the site of Sanjauli for urgent requirement. Owing to the business expediency, the amount involved in the purpose intended we hereby delete

M/S AJAY KUMAR SOOD ENGINEERS & CONTRACTORS,SHIMLA vs. DCIT, CHANDIGARH

The appeal of the Revenue is hereby dismissed

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

Section 40A(3) are not attracted to this transaction and hence the addition is hereby directed to be deleted. Regarding the amount of Rs. 21,275/- it was submitted that it was used for purchase of material at the site of Sanjauli for urgent requirement. Owing to the business expediency, the amount involved in the purpose intended we hereby delete

DCIT, CHANDIGARH vs. M/S AJAY KUMAR SOOD ENGINEERS AND CONTRACTORS, SHIMLA

The appeal of the Revenue is hereby dismissed

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

Section 40A(3) are not attracted to this transaction and hence the addition is hereby directed to be deleted. Regarding the amount of Rs. 21,275/- it was submitted that it was used for purchase of material at the site of Sanjauli for urgent requirement. Owing to the business expediency, the amount involved in the purpose intended we hereby delete

SH. AJAY GOEL,SHIMLA vs. DCIT, CHANDIGARH

The appeal of the Revenue is hereby dismissed

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

Section 40A(3) are not attracted to this transaction and hence the addition is hereby directed to be deleted. Regarding the amount of Rs. 21,275/- it was submitted that it was used for purchase of material at the site of Sanjauli for urgent requirement. Owing to the business expediency, the amount involved in the purpose intended we hereby delete

M/S AJAY KUMAR SOOD ENGINEERS & CONTRACTORS,SHIMLA vs. DCIT, CHANDIGARH

The appeal of the Revenue is hereby dismissed

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

Section 40A(3) are not attracted to this transaction and hence the addition is hereby directed to be deleted. Regarding the amount of Rs. 21,275/- it was submitted that it was used for purchase of material at the site of Sanjauli for urgent requirement. Owing to the business expediency, the amount involved in the purpose intended we hereby delete

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)

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

ASSISSTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, CHANDIGARH, CHANDIGARH vs. HERITAGE EDUCATION SOCIETY , C/O DELHI PUBLIC SCHOOL

In the result, all the appeals filed by the Department

Bench: SHRI A.D.JAIN (Vice President), SHRI KRINWANT SAHAY (Accountant Member)

house properties, have invested in mutual funds and have sold properties. All these activities demand time and commitment and when this fact is seem alongwith the fact that the members are not available in school for most of the time, it can safely be concluded that the members have not been giving the time and commitment to the society

ASSISSTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, EXEMPTION, CHANDIGARH, CHANDIGARH vs. HERITAGE EDUCATIONAL SOCIETY, C/O DELHI PUBLIC SCHOOL

In the result, all the appeals filed by the Department

Bench: SHRI A.D.JAIN (Vice President), SHRI KRINWANT SAHAY (Accountant Member)

house properties, have invested in mutual funds and have sold properties. All these activities demand time and commitment and when this fact is seem alongwith the fact that the members are not available in school for most of the time, it can safely be concluded that the members have not been giving the time and commitment to the society

ASSISSTANT COMMISSONER OF INCOME TAX, CIRCLE-1, EXEMPTION, CHANDIGARH, CHANDIGARH vs. HERITAGE EDUCATIONAL SOCIETY, C/O DELHI PUBLIC SCHOOL

In the result, all the appeals filed by the Department

Bench: SHRI A.D.JAIN (Vice President), SHRI KRINWANT SAHAY (Accountant Member)

house properties, have invested in mutual funds and have sold properties. All these activities demand time and commitment and when this fact is seem alongwith the fact that the members are not available in school for most of the time, it can safely be concluded that the members have not been giving the time and commitment to the society

ASSISSTANT COMMISSIONER OF INCOME TAX, CIRCLE-1,EXEMPTION,CHANDIGARH, CHANDIGARH vs. HERITAGE EDUCATIONAL SOCIETY, C/O DELHI PUBLIC SCHOOL

In the result, all the appeals filed by the Department

Bench: SHRI A.D.JAIN (Vice President), SHRI KRINWANT SAHAY (Accountant Member)

house properties, have invested in mutual funds and have sold properties. All these activities demand time and commitment and when this fact is seem alongwith the fact that the members are not available in school for most of the time, it can safely be concluded that the members have not been giving the time and commitment to the society

SH. ANSHUL GOYAL,LUDHIANA vs. ACIT, C-VII, LUDHIANA

The appeals of the assessee is hereby allowed for statistical purposes

Bench: Smt. Diva Singh & Dr. B.R.R. Kumarassessment Year: 2010-11

Housing Ltd. C-VII, Ludhiana Vill- Gill, Ludhiana PAN No. AAFCA7899D Assessment Year: 2010-11 M/s Anshul Goyal Vs. The ACIT Plot No. 29/1, The Mall C-VII, Ludhiana Ludhiana (Appellant) (Respondent) Assessee By : Shri. Pankaj Bhalla Revenue By : Shri. Surinder Meena Date of hearing : 22/05/2018 Date of Pronouncement : 25/05/2018 ORDER PER BENCH: Both the above appeals have been filed

M/S ANSHUL GOYAL LAND & HOUSING LTD.,LUDHIANA vs. DCIT, C-VII, LUDHIANA

The appeals of the assessee is hereby allowed for statistical purposes

Bench: Smt. Diva Singh & Dr. B.R.R. Kumarassessment Year: 2010-11

Housing Ltd. C-VII, Ludhiana Vill- Gill, Ludhiana PAN No. AAFCA7899D Assessment Year: 2010-11 M/s Anshul Goyal Vs. The ACIT Plot No. 29/1, The Mall C-VII, Ludhiana Ludhiana (Appellant) (Respondent) Assessee By : Shri. Pankaj Bhalla Revenue By : Shri. Surinder Meena Date of hearing : 22/05/2018 Date of Pronouncement : 25/05/2018 ORDER PER BENCH: Both the above appeals have been filed

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

house, which is owned by Sarashri Sanjay Sardana and Sh. Sandeep Sardana, who are drawing salary as Principal and Director of the Society. The rent which is paid by the Society is being taken into consideration as perquisite in the hands of Sh. Sanjay Sardana and Sh. Sandeep Sardana in their income tax returns. ii. For the purpose of payment