SANJEEV KUMAR GOYAL,FATEHABAD vs. DCIT, CC-2, LUDHIANA

In the result, the appeal of the assesse 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 The Order Of The Ld. Cit(A) Dt. 20/01/2023 In Appeal No. 10853/2018-19/It/Cit(A)-5/Ldh/2021-22 For The 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. 20/01/2023 Which Is Hereinafter Referred To As The Impugned Order.

house property and loss from other sources are Rs.8,73,382/-. In the profit & loss account, the assessee has shown income of Rs.45,00,000/- with narration Income from Business on A/c of shortage of cash and building exp. As surrender u/s 133A on the credit side of Profit & loss Account. iii) That the return of income was accompanied with

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

In the result, the appeal of the Revenue is dismissed

Bench: Disposal Of Appeal.”

71 lacs notwithstanding the fact that the purchaser in cross- examination retracted from his earlier statement. In the case of Basheer Ahamed vs. CIT-II (2013) 84 CCH 179 Chen HC : (2013) 352 ITR 157 (Mad), the assessee had sold his property under sale deed and obtained sale consideration from purchasers. Pursuant to survey in premises of purchasers, copy

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

In the result, the appeal of the Revenue is dismissed

Bench: Disposal Of Appeal.”

71 lacs notwithstanding the fact that the purchaser in cross- examination retracted from his earlier statement. In the case of Basheer Ahamed vs. CIT-II (2013) 84 CCH 179 Chen HC : (2013) 352 ITR 157 (Mad), the assessee had sold his property under sale deed and obtained sale consideration from purchasers. Pursuant to survey in premises of purchasers, copy

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

In the result, the appeal of the Revenue is dismissed

Bench: Disposal Of Appeal.”

71 lacs notwithstanding the fact that the purchaser in cross- examination retracted from his earlier statement. In the case of Basheer Ahamed vs. CIT-II (2013) 84 CCH 179 Chen HC : (2013) 352 ITR 157 (Mad), the assessee had sold his property under sale deed and obtained sale consideration from purchasers. Pursuant to survey in premises of purchasers, copy

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)

71 TTJ (Delhi) 841] and Shah Originals Vs. ACIT [(2007) 112 TTJ (Mum.) 754]. He also relied on the judgments in CIT Vs. Travancore Tea & Estate Limited [(1994) 207 ITR 242 (Ker.)] and Smt. B. Seshamma VS. CIT (1979) 119 ITR 314 (Mad) holding that the interest on income-tax refund was liable to be assessed as `Income from other

SH. KRISHAN KUMAR,KHANNA vs. DCIT, CC-1, LUDHIANA

In the result, the appeal of the Assessee is allowed

Bench: Shri A.D. Jain & Shri Vikram Singh Yadav

71,190/-. However, the Assessing Officer without appreciating the facts and reply submitted from time to time by invoking the provisions of section 69 of the Act treated the same as unexplained investments in the hands of the Assessee, which on appeal, was upheld by the ld. CIT(A). It is important to refer the provisions of section 69 which

SHEELA GOYAL,CHANDIGARH vs. PR. COMMISSIONER OF INCOME TAX, CHANDIGARH

In the result, appeal of the Assessee is allowed

Bench: Shri Laliet Kumar & Shri Krinwant Sahayआयकर अपील सं./ Ita No. 690/Chd/2025 "नधा"रण वष" / Assessment Year : 2016-17 Sheela Goyal, The Pcit, 3180, Sector 28-D, बनाम Chandigarh Chandigarh Vs. "थायी लेखा सं./ Pan No: Aaypg0407H अपीलाथ"/Appellant ""यथ"/Respondent ( Hybrid Hearing ) "नधा"रती क" ओर से/Assessee By : Sh. Manoj Kumar, Ca राज"व क" ओर से/ Revenue By : Sh. Rajat Kumar Kureel, Cit Dr (Virtual Mode) सुनवाई क" तार"ख/Date Of Hearing : 15.01.2026 उदघोषणा क" तार"ख/Date Of Pronouncement : 12.03.2026

section 263 by the PCIT. 6. During proceedings before us, the ld. Counsel for the Assessee brought it on record that in the assessment order passed by the Assessing Officer dated 31.3.2023, it has been clearly mentioned as under: - “2.1 In response the assessee furnished the relevant details and documents related to the source of investment made

JOINT COMMISSIONER OF INCOME TAX (OSD), LUDHIANA vs. M/S SHEETAL INDUSTRIES , KHANNA

The appeal of the Revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Krinwant Sahay

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

RAV SHARAN SINGH,PATIALA vs. ACIT, C.C., PATIALA

In the result, appeal of the assessee is allowed

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

M/S JASHAN FINLEASE LTD.,KHANNA vs. DCIT, CC-1, LUDHIANA

In the result, the appeal of the assessee is allowed

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

MRS. KIRAN BALA,LUDHIANA vs. DCIT, CC-III, LUDHIANA

In the result, the appeal is allowed

Bench: SHRI A.D.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

M/S VEER ENTERPRISES,LUDHIANA vs. DCIT, CC-III, LUDHIANA

In the result, the appeal is allowed

Bench: SHRI A.D.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

SH. SARANJIT SINGH,PATIALA vs. ACIT, CENTRAL CIRCLE -2, CHANDIGARH

In the result, the appeals of the assessees stand allowed

Bench: Shri Sanjay Garg & Shri Krinwant Sahayआयकर अपील सं./ Ita Nos. 381 & 382/Chd/2022 "नधा"रण वष" / Assessment Years: 2009-10 & 2011-12 Shamsher Singh, Vs. The Acit बनाम Central Circle-2, 11-A, Gen Chanda Singh Chandigarh Colony, Patiala 147001 "थायी लेखा सं./Pan No: Ahjps3586P अपीलाथ"/ Appellant ""यथ"/ Repsondent & आयकर अपील सं./ Ita Nos. 383 & 384/Chd/2023 "नधा"रण वष" / Assessment Years: 2009-10 & 2011-12 Vs. The Acit Saranjit Singh, बनाम Centralcircle-2, 11-A, Gen Chanda Chandigarh Singh Colony, Patiala 147001 "थायी लेखा सं./Pan No: Amwps9575J अपीलाथ"/ Appellant ""यथ"/ Repsondent ( Hybrid Hearing )

House No.762, Sector 8B, Chandigarh relevant to A.Y 2011-12 was found, which amount was less than the prescribed limit of Rs.50,00,000/- as provided under 4th Proviso to section 153A(1) of the Act. He has contended that no other incriminating document or evidence was available to the A.O showing the escapement of income for the ‘relevant assessment

SH. SHAMSHER SINGH,PATIALA vs. ACIT, CENTRAL CIRCLE-2, CHANDIGARH

In the result, the appeals of the assessees stand allowed

Bench: Shri Sanjay Garg & Shri Krinwant Sahayआयकर अपील सं./ Ita Nos. 381 & 382/Chd/2022 "नधा"रण वष" / Assessment Years: 2009-10 & 2011-12 Shamsher Singh, Vs. The Acit बनाम Central Circle-2, 11-A, Gen Chanda Singh Chandigarh Colony, Patiala 147001 "थायी लेखा सं./Pan No: Ahjps3586P अपीलाथ"/ Appellant ""यथ"/ Repsondent & आयकर अपील सं./ Ita Nos. 383 & 384/Chd/2023 "नधा"रण वष" / Assessment Years: 2009-10 & 2011-12 Vs. The Acit Saranjit Singh, बनाम Centralcircle-2, 11-A, Gen Chanda Chandigarh Singh Colony, Patiala 147001 "थायी लेखा सं./Pan No: Amwps9575J अपीलाथ"/ Appellant ""यथ"/ Repsondent ( Hybrid Hearing )

House No.762, Sector 8B, Chandigarh relevant to A.Y 2011-12 was found, which amount was less than the prescribed limit of Rs.50,00,000/- as provided under 4th Proviso to section 153A(1) of the Act. He has contended that no other incriminating document or evidence was available to the A.O showing the escapement of income for the ‘relevant assessment

SH. SHAMSHER SINGH,PATIALA vs. ACIT, CENTRAL CIRCLE-2, CHANDIGARH

In the result, the appeals of the assessees stand allowed

Bench: Shri Sanjay Garg & Shri Krinwant Sahayआयकर अपील सं./ Ita Nos. 381 & 382/Chd/2022 "नधा"रण वष" / Assessment Years: 2009-10 & 2011-12 Shamsher Singh, Vs. The Acit बनाम Central Circle-2, 11-A, Gen Chanda Singh Chandigarh Colony, Patiala 147001 "थायी लेखा सं./Pan No: Ahjps3586P अपीलाथ"/ Appellant ""यथ"/ Repsondent & आयकर अपील सं./ Ita Nos. 383 & 384/Chd/2023 "नधा"रण वष" / Assessment Years: 2009-10 & 2011-12 Vs. The Acit Saranjit Singh, बनाम Centralcircle-2, 11-A, Gen Chanda Chandigarh Singh Colony, Patiala 147001 "थायी लेखा सं./Pan No: Amwps9575J अपीलाथ"/ Appellant ""यथ"/ Repsondent ( Hybrid Hearing )

House No.762, Sector 8B, Chandigarh relevant to A.Y 2011-12 was found, which amount was less than the prescribed limit of Rs.50,00,000/- as provided under 4th Proviso to section 153A(1) of the Act. He has contended that no other incriminating document or evidence was available to the A.O showing the escapement of income for the ‘relevant assessment

SH. SARANJIT SINGH,PATIALA vs. ACIT, CENTRAL CIRCLE -2, CHANDIGARH

In the result, the appeals of the assessees stand allowed

Bench: Shri Sanjay Garg & Shri Krinwant Sahayआयकर अपील सं./ Ita Nos. 381 & 382/Chd/2022 "नधा"रण वष" / Assessment Years: 2009-10 & 2011-12 Shamsher Singh, Vs. The Acit बनाम Central Circle-2, 11-A, Gen Chanda Singh Chandigarh Colony, Patiala 147001 "थायी लेखा सं./Pan No: Ahjps3586P अपीलाथ"/ Appellant ""यथ"/ Repsondent & आयकर अपील सं./ Ita Nos. 383 & 384/Chd/2023 "नधा"रण वष" / Assessment Years: 2009-10 & 2011-12 Vs. The Acit Saranjit Singh, बनाम Centralcircle-2, 11-A, Gen Chanda Chandigarh Singh Colony, Patiala 147001 "थायी लेखा सं./Pan No: Amwps9575J अपीलाथ"/ Appellant ""यथ"/ Repsondent ( Hybrid Hearing )

House No.762, Sector 8B, Chandigarh relevant to A.Y 2011-12 was found, which amount was less than the prescribed limit of Rs.50,00,000/- as provided under 4th Proviso to section 153A(1) of the Act. He has contended that no other incriminating document or evidence was available to the A.O showing the escapement of income for the ‘relevant assessment

DCIT, C-1 (EXEMPTIONS), CHANDIGARH vs. THE INSTITUTION OF CIVIL ENGINEERS SOCIETY, LUDHIANA

In the result, appeal of the Revenue is dismissed

house at B-101, Lagoon Residential\nApartment, Ambience Island, NH-08, Gurgaon for Rs.2,15,90,000/-\nusing the funds of the assessee stating that these allegations have not\nled to any additions or disallowance and there is no need to discuss this\nissue, whereas it is a ground for proving non-charitable object of the\nassessee?\nvii)\nWhether

SHRI PRINCEPREETJIT SINGH,RANJIT NAGAR vs. PR.CIT-1, CHANDIGARH

In the result, appeal of the assessee is allowed

Bench: SHRI. RAJPAL YADAV (Vice President), SHRI. KRINWANT SAHAY (Accountant Member)

71,125/- was paid to the assessee on 02/02/2016. The capital gain from this transaction was reported in the ITR for AY 2016-17. 3.2 Out of the advance amount of Rs. 1,47,66,375/- received in September 2013 against his share in the sale portion of land, the assessee invested Rs. 1,35,08,500 in the purchase