MAHAKALI DEVELOPERS AND RESORTS PRIVATE LIMITED,SCF vs. PCIT PATIALA, AAYKAR BHAWAN

Appeals of the assessee are allowed

Bench: Shri Rajpal Yadav & Shri Krinwant Sahay

house property income. In the case of the assessee, its rental income is to be assessed as business income but this was not the subject matter of a re-assessment order. Sub-clause (2) of Section 263 contemplates that “No order shall be made under sub- section (1) after the expiry of two years from

MAHAKALI DEVELOPERS AND RESORTS PRIVATE LIMITES,SCF , IST FLOOR vs. PCIT PATIALA, AAYKAR BHAWAN PATIALA

The appeals are allowed

house property\nincome. In the case of the assessee, its rental income is to\nbe assessed as business income but this was not the subject\nmatter of a re-assessment order. Sub-clause (2) of Section\n263 contemplates that “No order shall be made under sub-\nsection (1) after the expiry of two years from the end of the\nFinancial

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 property 762, Sector 8B, 45,00,000 Chandigarh. ( on the basis of loose sheet) Total 82,98,356 6.2 The Ld. Assessing Officer, therefore, arrived at the satisfaction that the aggregate of income of the assessee which has escaped for the relevant assessment years was more than 50 Lakhs (Rs. 8298356/-), hence he reassessed

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 property 762, Sector 8B, 45,00,000 Chandigarh. ( on the basis of loose sheet) Total 82,98,356 6.2 The Ld. Assessing Officer, therefore, arrived at the satisfaction that the aggregate of income of the assessee which has escaped for the relevant assessment years was more than 50 Lakhs (Rs. 8298356/-), hence he reassessed

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 property 762, Sector 8B, 45,00,000 Chandigarh. ( on the basis of loose sheet) Total 82,98,356 6.2 The Ld. Assessing Officer, therefore, arrived at the satisfaction that the aggregate of income of the assessee which has escaped for the relevant assessment years was more than 50 Lakhs (Rs. 8298356/-), hence he reassessed

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 property 762, Sector 8B, 45,00,000 Chandigarh. ( on the basis of loose sheet) Total 82,98,356 6.2 The Ld. Assessing Officer, therefore, arrived at the satisfaction that the aggregate of income of the assessee which has escaped for the relevant assessment years was more than 50 Lakhs (Rs. 8298356/-), hence he reassessed

SH. ASHISH JAIN,LUDHIANA vs. DCIT, CC-III, LUDHIANA

In the result, the ground no

Bench: SHRI. AAKASH DEEP JAIN (Vice President), SHRI. VIKRAM SINGH YADAV (Accountant Member)

House No. 60-A, Kitchlu Nagar, CC-III, Ludhiana Ludhiana- 141008 "थायी लेखा सं./PAN NO: AESPJ2222B अपीलाथ"/Appellant ""थ"/Respondent आयकर अपील सं./ ITA NO. 354/Chd/2023 िनधा"रण वष" / Assessment Year : 2013-14 Shri Bipan Jain The DCIT बनाम C/o Jain Amar Clothing Pvt. Ltd. CC-III, Ludhiana Chawal Bazar, Ludhiana- 141008 "थायी लेखा सं./PAN NO: ABLPJ0336J अपीलाथ

SH. ASHISH JAIN,LUDHIANA vs. DCIT, CC-III, LUDHIANA

In the result, the ground no

Bench: SHRI. AAKASH DEEP JAIN (Vice President), SHRI. VIKRAM SINGH YADAV (Accountant Member)

House No. 60-A, Kitchlu Nagar, CC-III, Ludhiana Ludhiana- 141008 "थायी लेखा सं./PAN NO: AESPJ2222B अपीलाथ"/Appellant ""थ"/Respondent आयकर अपील सं./ ITA NO. 354/Chd/2023 िनधा"रण वष" / Assessment Year : 2013-14 Shri Bipan Jain The DCIT बनाम C/o Jain Amar Clothing Pvt. Ltd. CC-III, Ludhiana Chawal Bazar, Ludhiana- 141008 "थायी लेखा सं./PAN NO: ABLPJ0336J अपीलाथ

SH. BIPAN JAIN,LUDHIANA vs. DCIT, CC-III, LUDHIANA

In the result, the ground no

Bench: SHRI. AAKASH DEEP JAIN (Vice President), SHRI. VIKRAM SINGH YADAV (Accountant Member)

House No. 60-A, Kitchlu Nagar, CC-III, Ludhiana Ludhiana- 141008 "थायी लेखा सं./PAN NO: AESPJ2222B अपीलाथ"/Appellant ""थ"/Respondent आयकर अपील सं./ ITA NO. 354/Chd/2023 िनधा"रण वष" / Assessment Year : 2013-14 Shri Bipan Jain The DCIT बनाम C/o Jain Amar Clothing Pvt. Ltd. CC-III, Ludhiana Chawal Bazar, Ludhiana- 141008 "थायी लेखा सं./PAN NO: ABLPJ0336J अपीलाथ

SH. AKHIL JAIN,LUDHIANA vs. DCIT, CC-III, LUDHIANA

In the result, the ground no

Bench: SHRI. AAKASH DEEP JAIN (Vice President), SHRI. VIKRAM SINGH YADAV (Accountant Member)

House No. 60-A, Kitchlu Nagar, CC-III, Ludhiana Ludhiana- 141008 "थायी लेखा सं./PAN NO: AESPJ2222B अपीलाथ"/Appellant ""थ"/Respondent आयकर अपील सं./ ITA NO. 354/Chd/2023 िनधा"रण वष" / Assessment Year : 2013-14 Shri Bipan Jain The DCIT बनाम C/o Jain Amar Clothing Pvt. Ltd. CC-III, Ludhiana Chawal Bazar, Ludhiana- 141008 "थायी लेखा सं./PAN NO: ABLPJ0336J अपीलाथ

INCOME TAX OFFICER, MOHALI vs. GURTEJ SINGH, MOHALI

In the result, appeal filed by the Revenue in ITA No

Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. KRINWANT SAHAY (Accountant Member)

reassessed the assessee’s income at Rs. 5,87,09,868/-, adding Rs. 4,63,21,268/- under section 56(2)(vii)(b) due to the difference between the stamp duty value of Rs. 8,24,08,250/- and the purchase price of Rs. 4,00,00,000/- of a property. 5.1 The order passed by the Ld. assessing officer

KANWALDEEP KAUR,CHANDIGARH vs. DCIT, CIRCLE 1, CHANDIGARH

In the result, appeal filed by the Revenue in ITA No

Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. KRINWANT SAHAY (Accountant Member)

reassessed the assessee’s income at Rs. 5,87,09,868/-, adding Rs. 4,63,21,268/- under section 56(2)(vii)(b) due to the difference between the stamp duty value of Rs. 8,24,08,250/- and the purchase price of Rs. 4,00,00,000/- of a property. 5.1 The order passed by the Ld. assessing officer

RAMA RANI,CHANDIGARH vs. DCIT,CIRCLE 1(1), CHANDIGARH, CHANDIGARH

The appeal stand allowed in terms of our above order

Bench: Hon’Ble Shri Laliet Kumar, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपीलसं./ Ita No. 933/Chandi/2024 (िनधा"रणवष" / Assessment Year: 2015-16 Ms. Rama Rani Dcit बनाम/ Vs. H. No 1058, Popular Enclave Circle 1(1), Sector 48-B, Chandigarh Chandigarh. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aerpr-2072-Q (अपीलाथ"/Appellant) : (""थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Sh. Ravinder Krishan (Advocate)– Ld. Ar ""थ"कीओरसे/Respondent By : Sh. Rajat Kumar Kureel (Cit) – Ld. Dr सुनवाईकीतारीख/Date Of Hearing : 30-06-2025 घोषणाकीतारीख /Date Of Pronouncement : 04-07-2025 आदेश / O R D E R Manoj Kumar Aggarwal () 1. By Way Of This Appeal, The Assessee Assails Invocation Of Revisionary Jurisdiction U/S 263 By Ld. Pr. Commissioner Of Income Tax, Chandigarh-1 (Pr.Cit) For Assessment Year (Ay) 2015-16 Vide Impugned Order Dated 14-03-2024 Proposing Revision Of Assessment As Framed By Ld. Ao U/S.147 Of The Act On 29-03-2022. The Registry Has Noted Delay Of 98 Days In The Appeal, The Condonation Of Which Has Been Sought By Ld. Ar On The Strength Of Condonation Petition Which Is Accompanied By An Affidavit Of The Assessee. It Has Been Stated That The Assessee Was Not In India When

reassessment proceedings. The perusal of computation of income would show that the assessee declared Long Term Capital Gains of Rs.184.73 Lacs against which the assessee claimed deduction u/s 54F for Rs.85.77 Lacs for the reason that it made investment in house property

DCIT, CC-3, LUDHIANA, KITCHLU NAGAR vs. MANI RAM BALWANT RAI HUF, CIVIL LINES

In the result, Cross Objection filed by the assessee is allowed and appeal of the Revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Manoj Kumar Aggarwalआयकर अपील सं./ Ita No. 1042/Chd/2024 "नधा"रण वष" / Assessment Year: 2019-20 The Dcit, Mani Ram Balwant Rai, Huf, Central Circle-3, Vs Civil Lines, Opposite Session Court(Old) Kitchlu Nagar, Ludhiana. Ludhiana. "थायी लेखा सं./Pan No: Aaghm1535C अपीलाथ"/Appellant ""यथ"/Respondent & C.O. 43/Chd/2024 In आयकर अपील सं./ Ita No. 1042/Chd/2024 "नधा"रण वष" / Assessment Year: 2019-20 Mani Ram Balwant Rai, Huf, The Dcit, Civil Lines, Opposite Session Court(Old) V Central Circle-3, Ludhiana. S Kitchlu Nagar, Ludhiana. "थायी लेखा सं./Pan No: Aaghm1535C अपीलाथ"/Appellant ""यथ"/Respondent Revenue By : Smt. Kusum Bansal, Cit Dr Assessee By : Shri Pankaj Bhalla, Ca & Shri Hunny Bajaj, Advocate Date Of Hearing : 17.07.2025 Date Of Pronouncement : 01.09.2025 Hybrid Hearing O R D E R Per Rajpal Yadav, Vp

house property income. It has filed its return of income on 20.05.2020 declaring total income of Rs.87,25,340/- for assessment year 2019-20. According to the AO, assessee belongs to Mani Ram Balwant Rai Group of Ludhiana where a search u/s 132(1) was carried out at the residential/business premises of Mani Ram Balwant Rai on 24.11.2022. A warrant

SH. SATNAM SINGH,MOHALI vs. ITO, WARD 6(1), MOHALI

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

Bench: Shri Mahavir Singh & Shri Krinwant Sahay

house property, capital gains and income from other sources. According to the Assessing Officer the sources of deposits i.e. by way of cash and cheque amounting to Rs. 1,55,05,595/- remained unexplained and accordingly proceedings u/s 147 of the Act were initiated by issuing notice u/s 148 of the Act. Consequent to the above reasons, notice

SH. SATNAM SINGH,MOHALI vs. ITO, WARD 6(4), MOHALI

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

Bench: Shri Mahavir Singh & Shri Krinwant Sahay

house property, capital gains and income from other sources. According to the Assessing Officer the sources of deposits i.e. by way of cash and cheque amounting to Rs. 1,55,05,595/- remained unexplained and accordingly proceedings u/s 147 of the Act were initiated by issuing notice u/s 148 of the Act. Consequent to the above reasons, notice

RAVI KAKKAR,MOHALI vs. INCOME TAX OFFICER, MOHALI

In the result, both the appeals of the Assessee are allowed for statistical purposes

Bench: Us, At The Outset, Both The Parties Submitted That The Issues Raised In Both The Appeals Were Identical. In View Of The Aforesaid

reassessment for the financial year 2012-13. 6. During the course of the assessment proceedings, the Assessing Officer (AO) issued notices under Section 142(1) of the Act on 16.10.2019 and 14.12.2019, which remained uncomplied with by the assessee. Consequently, the AO completed the assessment ex-parte under Section 144 of the Act on 18.12.2019, determining the total income

RAVI KAKKAR,MOHALI vs. INCOME TAX OFFICER NATIONAL FACELESS ASSESSMENT CENTRE, DELHI

In the result, both the appeals of the Assessee are allowed for statistical purposes

Bench: Us, At The Outset, Both The Parties Submitted That The Issues Raised In Both The Appeals Were Identical. In View Of The Aforesaid

reassessment for the financial year 2012-13. 6. During the course of the assessment proceedings, the Assessing Officer (AO) issued notices under Section 142(1) of the Act on 16.10.2019 and 14.12.2019, which remained uncomplied with by the assessee. Consequently, the AO completed the assessment ex-parte under Section 144 of the Act on 18.12.2019, determining the total income