THE KANGRA CENTRAL COOPERATIVE BANK LIMITED,DHARAMSHALA vs. DEPUTY COMMISSIONER OF INCOME TAX, PALAMPUR

In the result, both the appeals of the assessee are allowed

u/s 250 of the Act by the Ld.\nCommissioner of Income-Tax (Appeals), National Faceless Appeal Centre (NFA),\nDelhi is against law and facts on the file in as much as he was not justified to\nuphold the action of the Ld. Assessing Officer in levying a penalty of Rs.\n66,38,400/- without specifying the limb of Section 271

M/S HIMACHAL FASHION PVT. LTD.,LUDHIANA vs. ITO, W-6(3), LUDHIANA

In the result, the appeal of the Assessee is allowed

Bench: Shri Krinwant Sahay & Shri Paresh M. Joshiआयकर अपील सं./ Ita No. 8/Chd/2020 िनधा"रण वष" / Assessment Year: 2012-13

u/s Section 271 (1) (c) of the Act. The ld. Counsel also submitted a case laws, i.e., ‘CIT Ahmedabad vs. Reliance Petroproducts (P.) Ltd’ [2010], 189 Taxman 322 (SC) in which the Hon'ble Supreme Court has held as under: - “A glance of provision of section 27I (1)(c ) would suggest that in order to be covered, there

M/S YAMUNA POWER & INFRASTRUCTURE LTD.,JAGADHRI vs. DCIT, CIRCLE, YAMUNANAGAR

In the result, the appeal of the assessee is allowed

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

271 AA o f the Act the appellant was asked to provide any details/copies o f account of such transactions. No such notice/questionnaire/order sheet entry in this regard is available on record/file o f the appellant with the department. The Ld. Assessing Officer while levying the impugned penalty has time and again referred to the failure on part

M/S SILVER OAKS TOWNSHIP LTD.,BATHINDA vs. DCIT-CC-III, LUDHIANA

Bench: Shri Mahavir Singh & Shri Krinwant Sahayआयकर अपील सं./ Ita No. 183/Chd/2021 "नधा"रण वष" / Assessment Year : 2012-13 M/S Silver Oaks Township Vs. The Dcit, Central Circle-Iii, Ltd., बनाम Ludhiana 163, Urban Estate, Phase Ii, Bhatinda 151001 "थायी लेखा सं./Pan No: Aajcs3445B अपीलाथ"/ Appellant ""यथ"/ Repsondent ( Physical Hearing ) "नधा"रती क" ओर से/Assessee By : Shri Sudhir Sehgal, Adv. राज"व क" ओर से/ Revenue By : Dr. Ranjit Kaur, Addl. Cit, Sr. Dr सुनवाई क" तार"ख/Date Of Hearing : 02.01.2025 उदघोषणा क" तार"ख/Date Of Pronouncement : 03 .02.2025

section 40A(3) of the Income Tax Act. 2. That the Ld. CIT(A) has failed to appreciate that all such particulars of the payments having been made u/s 40A(3) have already been disclosed and the disallowance has been made on account of deeming provisions and, therefore, no penalty u/s 271

SUNRISE INFRATEC PRIVATE LIMITED,PANCHKULA vs. INCOME TAX OFFICER, CHANDIGARH

In the result, all the appeal of the Assessee stand allowed for statistical purposes

Bench: Shri Laliet Kumar & Shri Krinwant Sahayआयकर अपील सं./ Ita No. 1196/Chd/2024 "नधा"रण वष" / Assessment Year : 2012-13 Sunrise Infratec Private The Ito, बनाम Limited, Ward 3(5), H.No. 858, Sector 4, Chandigarh Vs. Panchkula 134112 "थायी लेखा सं./ Pan No: Aaqcs4002D अपीलाथ"/Appellant ""यथ"/Respondent ( Hybrid Hearing ) "नधा"रती क" ओर से/Assessee By : Sh. T.N. Singla, Ca (Virtual Mode) राज"व क" ओर से/ Revenue By : Sh. Rajat Kumar Kureel, Cit Dr

40A(3) by AO on account of payment made in cash of Rs. 98,00,000/- for purchase of land. 12. That the Ld. JCIT (A) has wrongly upheld additions made by AO u/s 69A of the Act on account of advances received from customers of Rs. 10,43,29,000/-. 13. That the Ld. JCIT (A) has wrongly upheld

M/S ASHA TECHNOLOGIES,KALA AMB vs. ITO, SIRMOUR

In the result, both the above appeals of the Assessee are partly allowed as aforesaid in respect of impugned orders dt

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

u/s 133A of the IT Act to find out the true facts of the case when there was no compliance and cooperation on the part of the assessee to prove its primary onus. And on the basis of survey only true facts of the case were ascertained which helped in ascertaining the factual reality. The assessing office collected information u/s

M/S ASHA TECHNOLOGIES,SIRMOUR vs. ADDL. CIT, SOLAN

In the result, both the above appeals of the Assessee are partly allowed as aforesaid in respect of impugned orders dt

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

u/s 133A of the IT Act to find out the true facts of the case when there was no compliance and cooperation on the part of the assessee to prove its primary onus. And on the basis of survey only true facts of the case were ascertained which helped in ascertaining the factual reality. The assessing office collected information u/s

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MOHALI

In the result, the appeal filed by the Revenue is dismissed

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

40A, Industrial Focal Point, Phase VIII Extn. Mohali-160059 "ायी लेखा सं./PAN NO: AAACQ1134G अपीलाथ"/Appellant ""थ"/Respondent (VIRTUAL HEARING) िनधा"रती की ओर से/Assessee by : Shri Vineet Thakral Advocate And Shri Raman Aggarwal, C.A राज" की ओर से/ Revenue by : Smt. Kusum Bansal, CIT DR सुनवाई की तारीख/Date of Hearing : 12/02/2025 उदघोषणा की तारीख/Date

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MOHALI

In the result, the appeal filed by the Revenue is dismissed

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

40A, Industrial Focal Point, Phase VIII Extn. Mohali-160059 "ायी लेखा सं./PAN NO: AAACQ1134G अपीलाथ"/Appellant ""थ"/Respondent (VIRTUAL HEARING) िनधा"रती की ओर से/Assessee by : Shri Vineet Thakral Advocate And Shri Raman Aggarwal, C.A राज" की ओर से/ Revenue by : Smt. Kusum Bansal, CIT DR सुनवाई की तारीख/Date of Hearing : 12/02/2025 उदघोषणा की तारीख/Date

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MOHALI

In the result, the appeal filed by the Revenue is dismissed

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

40A, Industrial Focal Point, Phase VIII Extn. Mohali-160059 "ायी लेखा सं./PAN NO: AAACQ1134G अपीलाथ"/Appellant ""थ"/Respondent (VIRTUAL HEARING) िनधा"रती की ओर से/Assessee by : Shri Vineet Thakral Advocate And Shri Raman Aggarwal, C.A राज" की ओर से/ Revenue by : Smt. Kusum Bansal, CIT DR सुनवाई की तारीख/Date of Hearing : 12/02/2025 उदघोषणा की तारीख/Date

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MOHALI

In the result, the appeal filed by the Revenue is dismissed

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

40A, Industrial Focal Point, Phase VIII Extn. Mohali-160059 "ायी लेखा सं./PAN NO: AAACQ1134G अपीलाथ"/Appellant ""थ"/Respondent (VIRTUAL HEARING) िनधा"रती की ओर से/Assessee by : Shri Vineet Thakral Advocate And Shri Raman Aggarwal, C.A राज" की ओर से/ Revenue by : Smt. Kusum Bansal, CIT DR सुनवाई की तारीख/Date of Hearing : 12/02/2025 उदघोषणा की तारीख/Date

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MPHALI

In the result, the appeal filed by the Revenue is dismissed

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

40A, Industrial Focal Point, Phase VIII Extn. Mohali-160059 "ायी लेखा सं./PAN NO: AAACQ1134G अपीलाथ"/Appellant ""थ"/Respondent (VIRTUAL HEARING) िनधा"रती की ओर से/Assessee by : Shri Vineet Thakral Advocate And Shri Raman Aggarwal, C.A राज" की ओर से/ Revenue by : Smt. Kusum Bansal, CIT DR सुनवाई की तारीख/Date of Hearing : 12/02/2025 उदघोषणा की तारीख/Date

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MPHALI

In the result, the appeal filed by the Revenue is dismissed

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

40A, Industrial Focal Point, Phase VIII Extn. Mohali-160059 "ायी लेखा सं./PAN NO: AAACQ1134G अपीलाथ"/Appellant ""थ"/Respondent (VIRTUAL HEARING) िनधा"रती की ओर से/Assessee by : Shri Vineet Thakral Advocate And Shri Raman Aggarwal, C.A राज" की ओर से/ Revenue by : Smt. Kusum Bansal, CIT DR सुनवाई की तारीख/Date of Hearing : 12/02/2025 उदघोषणा की तारीख/Date

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MPHALI

In the result, the appeal filed by the Revenue is dismissed

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

40A, Industrial Focal Point, Phase VIII Extn. Mohali-160059 "ायी लेखा सं./PAN NO: AAACQ1134G अपीलाथ"/Appellant ""थ"/Respondent (VIRTUAL HEARING) िनधा"रती की ओर से/Assessee by : Shri Vineet Thakral Advocate And Shri Raman Aggarwal, C.A राज" की ओर से/ Revenue by : Smt. Kusum Bansal, CIT DR सुनवाई की तारीख/Date of Hearing : 12/02/2025 उदघोषणा की तारीख/Date

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MOHALI

In the result, the appeal filed by the Revenue is dismissed

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

40A, Industrial Focal Point, Phase VIII Extn. Mohali-160059 "ायी लेखा सं./PAN NO: AAACQ1134G अपीलाथ"/Appellant ""थ"/Respondent (VIRTUAL HEARING) िनधा"रती की ओर से/Assessee by : Shri Vineet Thakral Advocate And Shri Raman Aggarwal, C.A राज" की ओर से/ Revenue by : Smt. Kusum Bansal, CIT DR सुनवाई की तारीख/Date of Hearing : 12/02/2025 उदघोषणा की तारीख/Date

ITO, WARD-6(1), MOHALI vs. QUARKCITY INDIA PVT. LTD., MPHALI

In the result, the appeal filed by the Revenue is dismissed

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

40A, Industrial Focal Point, Phase VIII Extn. Mohali-160059 "ायी लेखा सं./PAN NO: AAACQ1134G अपीलाथ"/Appellant ""थ"/Respondent (VIRTUAL HEARING) िनधा"रती की ओर से/Assessee by : Shri Vineet Thakral Advocate And Shri Raman Aggarwal, C.A राज" की ओर से/ Revenue by : Smt. Kusum Bansal, CIT DR सुनवाई की तारीख/Date of Hearing : 12/02/2025 उदघोषणा की तारीख/Date