HARYANA BUILDING AND OTHER CONSTRUCTION WORKERS WELFARE BOARD,PANCHKULA vs. CIT(EXEMPTION), CHANDIGARH

In the result, this appeal of the Assessee stands dismissed

29-30, Sector 4,\nPanchkula, Haryana\nThe DCIT\nबनाम | Exemptions,\nVs.\nChandigarh\n\nस्थायी लेखा सं./ PAN NO: AAATH6995H\nअपीलार्थी/Appellant\nप्रत्यर्थी/Respondent\n\n( PHYSICAL HEARING )\nनिर्धारिती की ओर से/Assessee by :\nSh. Nikhil Goyal, Advocate,\nSh. Ashok Goyal, CA and\nSh. Sifatfreet Singh, CA\nराजस्व की ओर से/ Revenue by : Sh. Manav Bansal, CIT DR\nसुनवाई की तारीख

HARYANA BUILDING AND OTHER CONSTRUCTION WORKERS WELFARE BOARD,PANCHKULA vs. DCIT, EXEMPTION, CHANDIGARH

In the result, this appeal of the Assessee stands dismissed

29-30, Sector 4,\nPanchkula, Haryana\nThe DCIT\nExemptions,\nVs.\nChandigarh\n\nस्थायी लेखा सं./ PAN NO: AAATH6995H\nअपीलार्थी/Appellant\nप्रत्यर्थी/Respondent\n\n( PHYSICAL HEARING )\n\nनिर्धारिती की ओर से/Assessee by : Sh. Nikhil Goyal, Advocate,\nSh. Ashok Goyal, CA and\nSh. Sifatfreet Singh, CA\nराजस्व की ओर से/ Revenue by : Sh. Manav Bansal, CIT DR\n\nसुनवाई की

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

In the result, the ground no

Bench: SHRI. SANJAY GARG (Judicial Member), SHRI. VIKRAM SINGH YADAV (Accountant Member)

10. On a plain reading of Section 153A of the Act, 1961, it is evident that once search or requisition is made, a mandate is cast upon the AO to issue notice under section 153 of the Act to the person, requiring him to furnish the return of income in respect of each assessment year falling within six assessment years

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)

10. On a plain reading of Section 153A of the Act, 1961, it is evident that once search or requisition is made, a mandate is cast upon the AO to issue notice under section 153 of the Act to the person, requiring him to furnish the return of income in respect of each assessment year falling within six assessment years

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)

10. On a plain reading of Section 153A of the Act, 1961, it is evident that once search or requisition is made, a mandate is cast upon the AO to issue notice under section 153 of the Act to the person, requiring him to furnish the return of income in respect of each assessment year falling within six assessment years

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)

10. On a plain reading of Section 153A of the Act, 1961, it is evident that once search or requisition is made, a mandate is cast upon the AO to issue notice under section 153 of the Act to the person, requiring him to furnish the return of income in respect of each assessment year falling within six assessment years

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)

10. On a plain reading of Section 153A of the Act, 1961, it is evident that once search or requisition is made, a mandate is cast upon the AO to issue notice under section 153 of the Act to the person, requiring him to furnish the return of income in respect of each assessment year falling within six assessment years

M/S JAIN AMAR CLOTHING PVT. LTD.,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)

10. On a plain reading of Section 153A of the Act, 1961, it is evident that once search or requisition is made, a mandate is cast upon the AO to issue notice under section 153 of the Act to the person, requiring him to furnish the return of income in respect of each assessment year falling within six assessment years

WINSOME TEXTILE INDUSTRIES LIMITED,CHANDIGARH vs. ASSTT. COMMISSIONER OF INCOME TAX, CIRCLE-4(1), CHANDIGARH, CHANDIGARH

In the result, the appeal of the assessee is partly allowed and the appeal of the Revenue is dismissed

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

29,15,034/- has escaped assessment within the meaning of Section 147 of the Act and another notice under section 148 was issued on 31/03/2018 which was served on the assessee on the said date. 6. In response to the notice under section 148, the assessee filed its return of income on 19/04/2018 declaring total income as declared

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

reassessment proceedings which reached up-to Tribunal vide cross-appeals ITA Nos.572 & 597/Chandi/2024 wherein the assessment has been quashed in legal grounds alone without going into the merits of the case. On these facts, it could not be said that this claim was allowed on merits after due examination & verification in earlier years. Therefore, this plea of Ld. AR could

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

reassessment proceedings which reached up-to Tribunal vide cross-appeals ITA Nos.572 & 597/Chandi/2024 wherein the assessment has been quashed in legal grounds alone without going into the merits of the case. On these facts, it could not be said that this claim was allowed on merits after due examination & verification in earlier years. Therefore, this plea of Ld. AR could

ACIT, CIRCLE 1(1), CHANDIGARH vs. M/S SML ISUZU LTD., CHANDIGARH

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

10. impugned order of the Ld. CIT(A) is correct and that it has been rightly held that the reassessment order dt. 27/09/2021 is bad in law for reasons as under: (a) No escapement of income – reassessment proceedings without jurisdiction and illegal. (b) No fresh / tangible material to reopen the closed assessment and proceedings initiated merely on the basis

SHRI MOHAN LAL GUPTA,SHIMLA vs. PR.CIT-1, CHANDIGARH

In the result, appeal of the Assessee is partly allowed

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

10,000/- and after allowing transfer expenses of Rs. 27,00,000/- and index cost including CLU expenses and after allowing deduction under section 54F amounting to Rs. 37,00,000/- on purchase of Flat at Panchkula, the Long Term Capital Gains were determined at Rs. 1,57,62,283/-. Therefore, as far as matter pertaining to transfer expenses

M/S GANESH DASS HUF,SIRSA vs. PCIT, ROHTAK

In the result, all the above appeals filed by the respective assessee’s are dismissed

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

29,200/- is being made on account of 50% of Rs. 4,90,93,460 received on account of enhanced compensation interest as part of compensation u/s 56(2)(viii) rws 57(iv) in view of decision of Hon’ble Punjab & Haryana High Court in the case of Mahinder Pal Narang vs CBDT reported in 423 ITR 13 which

SH. ARVAIL SINGH,SIRSA vs. PCIT, ROHTAK

In the result, all the above appeals filed by the respective assessee’s are dismissed

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

29,200/- is being made on account of 50% of Rs. 4,90,93,460 received on account of enhanced compensation interest as part of compensation u/s 56(2)(viii) rws 57(iv) in view of decision of Hon’ble Punjab & Haryana High Court in the case of Mahinder Pal Narang vs CBDT reported in 423 ITR 13 which

SURJEET SINGH,SIRSA vs. PCIT, ROHTAK, ROHTAK

In the result, all the above appeals filed by the respective assessee’s are dismissed

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

29,200/- is being made on account of 50% of Rs. 4,90,93,460 received on account of enhanced compensation interest as part of compensation u/s 56(2)(viii) rws 57(iv) in view of decision of Hon’ble Punjab & Haryana High Court in the case of Mahinder Pal Narang vs CBDT reported in 423 ITR 13 which

SH. RANDHIR SINGH,SIRSA vs. PCIT ROHTAK, ROHTAK

In the result, all the above appeals filed by the respective assessee’s are dismissed

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

29,200/- is being made on account of 50% of Rs. 4,90,93,460 received on account of enhanced compensation interest as part of compensation u/s 56(2)(viii) rws 57(iv) in view of decision of Hon’ble Punjab & Haryana High Court in the case of Mahinder Pal Narang vs CBDT reported in 423 ITR 13 which

DHUNI CHAND HUF,SIRSA vs. PCIT, ROHTAK

In the result, all the above appeals filed by the respective assessee’s are dismissed

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

29,200/- is being made on account of 50% of Rs. 4,90,93,460 received on account of enhanced compensation interest as part of compensation u/s 56(2)(viii) rws 57(iv) in view of decision of Hon’ble Punjab & Haryana High Court in the case of Mahinder Pal Narang vs CBDT reported in 423 ITR 13 which