SH.ASHOK KUMAR GUPTA,LUDHIANA vs. PR.CIT-1, LUDHIANA

In the result, the appeal of the assessee is allowed

section 54 of the Act. It was submitted that thereafter, on the said plot of land, the assessee has constructed a new residential house with covered area of 6500 sq. yrds in August 2017. It was accordingly submitted that since the assessee has sold his flat at Mumbai on 01/06/2015 and constructed a new residential house in August

M/S Y.D. SOLUTIONS,CHANDIGARH vs. ITO, W-4(5), CHANDIGARH

In the result, the appeal of the assessee is dismissed

80 in this regard. 9. The Ld. DR, on the other hand, placed heavy reliance on the orders of the authorities below. Referring to the contention of the Ld. counsel for assessee that its stated object was to let out properties on rent for Information Technology related activities, the Ld. DR stated that the word “space solutions” mentioned

M/S Y.D. SOLUTIONS,CHANDIGARH vs. ITO, CHANDIGARH

The appeal of the assessee is dismissed

Bench: Ms.Diva Singh & Ms. Annapurna Guptay.D. Solutions, Vs. The Income Tax Officer, 2133, Sector 38-C, Ward 4(1), Chandigarh. Chandigarh. Pan: Aabfy0386N (Appellant) (Respondent)

80 in this regard. 7 A.Y.2013-14 9. The Ld. DR, on the other hand, placed heavy reliance on the orders of the authorities below. Referring to the contention of the Ld. counsel for assessee that its stated object was to let out properties on rent for Information Technology related activities, the Ld. DR stated that the word “space solutions” mentioned

BEE GEE CONSTRUCTION CO,ZIRAKPUR vs. ACIT, CIRCLE- 3(1), CHANDIGARH

The appeal stand partly allowed for statistical purposes

Bench: Hon’Ble Shri Rajpal Yadav & Hon’Ble Shri Manoj Kumar Aggarwal, Am

housing project is issued by the local Authority. It would be apt and appropriate to note at this juncture itself that, expression 'completion certificate' is not defined under the Karnataka Municipal Corporations Act, 1976 ('KMC Act' for short). However, Sri. Sanmati has relied upon section 310 of the KMC Act to contend that completion certificate referred to in second Explanation

BEE GEE CONSTRUCTION CO,ZIRAKPUR vs. ACIT, CIR-3(1), CHANDIGARH

The appeal stand partly allowed for statistical purposes

Bench: Hon’Ble Shri Rajpal Yadav & Hon’Ble Shri Manoj Kumar Aggarwal, Am

housing project is issued by the local Authority. It would be apt and appropriate to note at this juncture itself that, expression 'completion certificate' is not defined under the Karnataka Municipal Corporations Act, 1976 ('KMC Act' for short). However, Sri. Sanmati has relied upon section 310 of the KMC Act to contend that completion certificate referred to in second Explanation

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

80 Kanal for Rs. 5,50,00,000/- will take effect at two different points of time when two different cheques for Rs. 41,50,000/- and Rs. 5 Crore were encashed, was not in consonance with existing law. The assessee himself offered for tax an amount of Rs. 50 lacs during the year and for balance amount

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

80 Kanal for Rs. 5,50,00,000/- will take effect at two different points of time when two different cheques for Rs. 41,50,000/- and Rs. 5 Crore were encashed, was not in consonance with existing law. The assessee himself offered for tax an amount of Rs. 50 lacs during the year and for balance amount

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)

house. 2. The PCIT has wrongly enhanced the scope of scrutiny assessment while faming order under section 263 of Income Tax Act. 3. Briefly the facts of the case are that the assessee filed his return of income declaring total income of Rs. 69,52,590/-. Subsequently, return of income was selected for complete scrutiny and notice under section

ITO, MOHALI vs. SH. DALHIT SINGH, MOHALI

In the result, the appeal of the Revenue is dismissed and Cross Appeal of the Assessee is allowed

Bench: Smt. Diva Singh & Dr. B.R.R. Kumarassessment Year: 2008-09

property Act and Registration Act were not conclusive for interpretation of provisions of Income Tax Act 9. On the facts and in the circumstances of the case and in law, the Ld. CIT(A) has erred in holding that the provisions of section 2(47)(ii) are not applicable whereas all the members of society surrendered their individual rights

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

In the result, the appeal of the assessee is allowed

section 263 of the Income Tax Act, 1961 in the interest of Justice and Oblige. (emphasis supplied) 13.2 Considering this, the ld. PCIT passed the following order on facts: 3. The assessee purchased a residential house No. 3113, Sector 28-D, Chandigarh for total consideration of Rs. 2,89,80,000/- in which the share of the assessee

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

In the result, the appeal of the Revenue is dismissed

Bench: Disposal Of Appeal.”

property in her name. It is a fact on record that the assessee is an illiterate housewife and has no source of income other than small interest on saving bank account under consideration during the F.Y. 2009-2010. In the assessment preceding under section 142(1) the assessee repeatedly said that the amount in the bank was the sale proceeds

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

In the result, the appeal of the Revenue is dismissed

Bench: Disposal Of Appeal.”

property in her name. It is a fact on record that the assessee is an illiterate housewife and has no source of income other than small interest on saving bank account under consideration during the F.Y. 2009-2010. In the assessment preceding under section 142(1) the assessee repeatedly said that the amount in the bank was the sale proceeds

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

In the result, the appeal of the Revenue is dismissed

Bench: Disposal Of Appeal.”

property in her name. It is a fact on record that the assessee is an illiterate housewife and has no source of income other than small interest on saving bank account under consideration during the F.Y. 2009-2010. In the assessment preceding under section 142(1) the assessee repeatedly said that the amount in the bank was the sale proceeds

AJAY KUMAR,FATEHABAD, HARYANA vs. ITO, WARD-1, FATEHABAD, FATEHABAD, HARYANA

80-81, 4th Floor, Sector 17-C,\nChandigarh-160017\nबनाम\nThe ITO\nWard-3\nYamunanagar, Haryana\nस्थायी लेखा सं. / PAN NO: ADPPC5697M\nअपीलार्थी/Appellant\nनिर्धारिती की ओर से/Assessee by :\nShri Ajay Jain, C.A (Virtual)\nराजस्व की ओर से / Revenue by :\nShri Manav Bansal, CIT,DR\nआयकर अपील सं. / ITA No. 6 /Chd/2023\nनिर्धारण वर्ष / Assessment Year : 2018-19\nShri

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)

80,67,769/- only appears to be incidental to business and the rest of the amount i.e; 469,09,35,506/- is assessable under the head “income from other sources” as against income under the head “income from business or profession”. 4. Here it is noted that the said amount of Rs. 469,09,35,506/- include the amount

M/S CHANDIGARH BOTTLING CO.,CHANDIGARH vs. ACIT, CHANDIGARH

In the result, appeals of the assessee are allowed

Bench: Ms. Diva Singh & Dr.B.R.R.Kumar & Assessment Year: 2006-07

house property under Section 24 and claimed the deduction thereunder and when the assessing officer confronted the assessee that it was to be treated as ‘income from other sources’ the assessee did not agitate the change of head and accepted the same. It was his submission that the correctness of the said decision is not being argued, he would only

KAKA SINGH ALIAS GULJAR SINGH,PATIALA vs. INCOME TAX OFFICER , PATIALA

section 57.\nThe said provision reads thus:\n\"57. Deductions.-The income chargeable under the head 'Income from other\nsources' shall be computed after making the following deductions, namely :.\n(iv) in the case of income of the nature referred to in clause (viii) of sub-\nsection (2) of section 56, a deduction of a sum equal to fifty

SSHRI KULDIP SINGH,CHANDIGARH vs. PR.CIT-1, CHANDIGARH

In the result, appeal of Assessee is allowed

Bench: Shri Vikram Singh Yadav & Shri Paresh M. Joshiआयकर अपील सं./ Ita No. 103/Chd/2021 "नधा"रण वष" / Assessment Year: 2016-17 Shri Kuldeep Singh, Vs. The Pr. Cit-1, 2010, बनाम Chandigarh Sec 21-C, Chandigarh "थायी लेखा सं./Pan No: Bllps7083L अपीलाथ"/ Assessee ""यथ"/ Repsondent ( Physical Hearing ) "नधा"रती क" ओर से/Assessee By : Shri Ajay Jain, Ca राज"व क" ओर से/ Revenue By : Shri Rohit Sharma, Cit Dr सुनवाई क" तार"ख/Date Of Hearing : 03.12.2024 उदघोषणा क" तार"ख/Date Of Pronouncement : 30.01.2025 आदेश/Order Per Paresh M. Joshi, Jm : This Is An Appeal Filed By The Assessee U/S 253 Of The Income Tax Act, 1961 (Herein Referred To As ‘The Act’] Before This Tribunal. The Assessee Is Aggrieved By The Order Bearing No. Itba/Rev/F/ Revs/ 250 /2020-21/1031467646 (1) Dated 14.03.2021 Of Ld. Pcit, Chandigarh-1 Passed U/S 263 Of The Act. The Relevant A.Y.

house at Gaziabad consideration a amount of Rs. 80,35,000/- ( Rs. 75,00,000/- + Stamp Charges of Rs. 5,25,000/- + Rs. 10,000/-Registration fee) during the financial year 2015-16. You are again requested to explain the source of investment made by you as mentioned above. In the absence of any explanation from you this office