M/S AGYA RAM MANOHAR LAL,KHANNA vs. PR.CIT(CENTRAL), LUDHIANA

The appeal of the assessee is dismissed

124 to page 129, holding that the provisions of section 115BBE are not applicable. 5.3 It was submitted that the judgment of M/s Khushi Ram & Sons as quoted by the Ld. CIT,(DR) has been taken note off in the judgment of 'M/s Famina Knit Fab' and which has duly been considered in the case of M/s Sham Jewellers

TARLOCHAN SINGH ,BHAWANIGARH vs. DCIT, CENTRAL CIRCLE, PATIALA

In the result, the appeal of the assessee is partly allowed

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

68, there should be credit entry in books of account, for section 69 there should not be entry the books of account' i. In Laxmim Narain Gupta Vs CIT 124

SH. BALWAN SINGH,PANCHKULA vs. ITO, CHANDIGARH

The appeal of the assessee is allowed in above terms

Bench: Shri Sanjay Garg & Ms. Annapurna Gupta

68 of the Act, on protective basis, since the entire cash deposit had been added in the hands of Smt. Rajinder Kaur on substantive basis. 4. Aggrieved by the same the assessee filed appeal before the Ld. CIT(A) challenging the assessment framed both on legal grounds as well as on merits. The Ld. CIT(A) dismissed all the contentions

SMT. AARTI SINGAL,CHANDIGARH vs. DCIT, CC-1, CHANDIGARH

section 68. The reliance was placed on the following case laws: • Sumati Dayal Vs. CIT (1995) 125 CTR (SC) 124

SMT. AARTI SINGAL,CHANDIGARH vs. DCIT, CC-1, CHANDIGARH

section 68. The reliance was placed on the following case laws: • Sumati Dayal Vs. CIT (1995) 125 CTR (SC) 124

SH. SANJAY SINGAL,CHANDIGARH vs. DCIT, CC-1, CHANDIGARH

section 68. The reliance was placed on the following case laws: • Sumati Dayal Vs. CIT (1995) 125 CTR (SC) 124

SH. SANJAY SINGAL,CHANDIGARH vs. DCIT, CC-1, CHANDIGARH

section 68. The reliance was placed on the following case laws: • Sumati Dayal Vs. CIT (1995) 125 CTR (SC) 124

SH. SANJAY SINGAL,CHANDIGARH vs. DCIT, CC-1, CHANDIGARH

section 68. The reliance was placed on the following case laws: • Sumati Dayal Vs. CIT (1995) 125 CTR (SC) 124

SMT. AARTI SINGAL,CHANDIGARH vs. DCIT, CC-1, CHANDIGARH

section 68. The reliance was placed on the following case laws: • Sumati Dayal Vs. CIT (1995) 125 CTR (SC) 124

RACHIT AGGARWAL (PROP.) ASHOK KUMAR GUPTA & CO.,LUDHIANA vs. ITO, WARD II(2), LUDHIANA

In the result, appeal of the assessee is allowed

Bench: SHRI A.D.JAIN (Vice President), SHRI VIKRAM SINGH YADAV (Accountant Member)

section 68 r.w.s. 115BBE of the Act on surmises and conjectures and ignoring the documents and details tax audit report submitted on record; 3. initiating proceedings u/s 271AAC of the Act; 4. charging interest u/s 234B, C and D of the Act. 3. The facts of the case are that the assessee deals in wholesale trade of karyana goods

DCIT, LUDHIANA vs. M/S INCITE HOMECARE PVT. LTD., LUDHIANA

In the result, the appeal of the Revenue is dismissed

Bench: Ms. Diva Singh & Dr. B.R.R.Kumarassessment Year: 2011-12

section 68 have also been addressed and all go to prove the genuineness of the transactions. The evidences, it was submitted, stands unassailed by the Revenue. Inviting attention to the 3 volume of paper books filed, it was submitted, that the details and documents on the basis of which the conclusion has been arrived

THE DCIT, CIRCLE (INTERNATIONAL TAXATION), CHANDIGARH vs. SH. MANJEET SINGH, LUDHIANA

In the result, Revenue’s appeal is dismissed whereas, Cross

Bench: Shri A.D. Jain & Dr Krinwant Sahayआयकर अपील सं./ Ita No. 512/Chd/2022 "नधा"रण वष" / Assessment Year : 2012-13 The Dcit, Vs. Shri Manjeet Singh, बनाम Circle (International S/O Shri Harbir Singh Taxation), # 1460, Ward Number-8, Chandigarh Gahlewal, Ludhiana 141008 "थायी लेखा सं./Pan No: Cdeps4087A अपीलाथ"/ Appellant ""यथ"/ Repsondent & C.O. No. 13/Chd/2022 ( In आयकर अपील सं./ Ita No. 512/Chd/2022) "नधा"रण वष" / Assessment Year : 2012-13 Shri Manjeet Singh, Vs. The Dcit, बनाम S/O Shri Harbir Singh Circle (International # 1460, Ward Number-8, Taxation ), Gahlewal, Chandigarh Ludhiana 141008 "थायी लेखा सं./Pan No: Cdeps4087A अपीलाथ"/ Appellant ""यथ"/ Repsondent ( Physical Hearing ) "नधा"रती क" ओर से/Assessee By : Shri Sudhir Sehgal, Advocate राज"व क" ओर से/ Revenue By : Shri Dharamvir, Jcit, Sr. Dr सुनवाई क" तार"ख/Date Of Hearing : 04.09.2024 उदघोषणा क" तार"ख/Date Of Pronouncement : 15.10.2024

124 of the Act or by transferring the case under the provisions of Section 127 of the Act. Now, the question is whether the action of the Income Tax Officer, Ward-26(3) New Delhi was valid in law in concluding the assessment proceedings based on the notice issued under Section 148 of the Act by the Income

SHRI RAJIV GUPTA,SIRSA vs. ITO-WARD-2, SIRSA

Bench: The Bench That The Lead

section 68 of the Act. 2.1. That while making the above addition, the learned Income Tax Officer has failed to appreciate the factual substratum of the case, statutory provisions of law and as such, addition so made is highly misconceived, totally arbitrary, wholly unjustified and therefore, unsustainable. 2.2. That while confirming the above addition, the learned Commissioner of Income

INCOME TAX OFFICER, WARD-1(3), LUDHIANA, LUDHIANA vs. SHREE BALAJI PROCESSORS, LUDHIANA

In the result, appeal of the Revenue is dismissed whereas, the 29

Bench: Shri A.D. Jain & Dr Krinwant Sahayआयकर अपील सं./ Ita No. 499/Chd/2023 "नधा"रण वष" / Assessment Year : 2017-18 The Ito, Vs. Shree Balaji Processors, बनाम Ward-1(3), Tajpur Road, Ludhiana Opp. Central Jail, Ludhiana 141010 "थायी लेखा सं./Pan No: Actfs8428B अपीलाथ"/ Appellant ""यथ"/ Repsondent & C.O. No. 09/Chd/2024 ( In आयकर अपील सं./ Ita No. 499/Chd/2023) "नधा"रण वष" / Assessment Year : 2017-18 Shree Balaji Processors, Vs. The Ito, बनाम Tajpur Road, Ward-1(3), Opp. Central Jail, Ludhiana Ludhiana 141010 "थायी लेखा सं./Pan No: Actfs8428B अपीलाथ"/ Appellant ""यथ"/ Repsondent ( Physical Hearing ) "नधा"रती क" ओर से/Assessee By : Shri Sudhir Sehgal, Advocate राज"व क" ओर से/ Revenue By : Smt. Kusum Bansal, Cit Dr सुनवाई क" तार"ख/Date Of Hearing : 26.06.2024 उदघोषणा क" तार"ख/Date Of Pronouncement : 20.08.2024

124 taxmann.com 123 (Delhi), it was held by the Delhi High Court that "Where opening stock was accepted in scrutiny assessment, revenue could not treat sales made by assessee out of such opening stock as income from unexplained sources." 499-Chd-2023 & C.O.09-Chd-2024 Shree Balaji Processors, Ludhiana 10 II. In the case of Pr. CIT Vs. Dilip Kumar Swami

M/S DIN DAYAL PURSOTAM LAL,SIRSA vs. PR.CIT, ROHTAK

Bench: SHRI A.D.JAIN (Vice President), SHRI VIKRAM SINGH YADAV (Accountant Member)

68 of the Act. This position stands settled vide inter-alia, the following decisions : i) ITA No. 325/2008 (Del) CIT vs. Ritu Anurag Agarwal "As there was no case for disallowance for corresponding purchases, no addition could be made under Section 68 in as much as it is not in dispute that the creditors outstanding related to purchases

M/S DIN DAYAL PURSOTAM LAL,SIRSA vs. PR.CIT, ROHTAK

Bench: SHRI A.D.JAIN (Vice President), SHRI VIKRAM SINGH YADAV (Accountant Member)

68 of the Act. This position stands settled vide inter-alia, the following decisions : i) ITA No. 325/2008 (Del) CIT vs. Ritu Anurag Agarwal "As there was no case for disallowance for corresponding purchases, no addition could be made under Section 68 in as much as it is not in dispute that the creditors outstanding related to purchases

M/S DIN DAYAL PURSOTAM LAL,SIRSA vs. PR.CIT, ROHTAK

Bench: SHRI A.D.JAIN (Vice President), SHRI VIKRAM SINGH YADAV (Accountant Member)

68 of the Act. This position stands settled vide inter-alia, the following decisions : i) ITA No. 325/2008 (Del) CIT vs. Ritu Anurag Agarwal "As there was no case for disallowance for corresponding purchases, no addition could be made under Section 68 in as much as it is not in dispute that the creditors outstanding related to purchases

SHAKTI APIFOODS PRIVATE LIMITED,SANGRUR vs. ADIT,CPC/ DCIT-CIRCLE-IV, LUDHIANA

In the result, the addition so made towards the provision for gratuity amounting to Rs

Bench: Smt.Diva Singh & Shri Vikram Singh Yadavshakti Apifoods Private Limited. बनाम The Assessing Officer, Malerkotla Road, Circle-Iv(1), Sangrur. Ludhiana. "थायी लेखा सं./Pan No: Aamcs8546C

68,124/- towards late deposit of employees’ contribution to ESI & PF 3 A.Y.2019-20 and an amount of Rs.11,14,217/- on account of provision for gratuity. 3. On appeal, the Ld.CIT(A), NFAC has confirmed both the disallowances and against the said order, the assessee has now come up in appeal before us. 4. During the course of hearing

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1 , LUDHIANA vs. AMAN FEED INDUSTRIES, KHANNA

In the result, appeals of the assessee for A

Bench: Shri Rajpal Yadav & Shri Krinwant Sahayआयकर अपील सं./ Ita Nos. 1252, 1253,1254,1255/Chd/2024 "नधा"रण वष" / A.Y.: 2015-16, 2017-18, 2018-19,2019-20 M/S Aman Feed Industries, The Dcit, E-2, Focal Point, Vs Central Circle-1, Khanna. Ludhiana. "थायी लेखा सं./Pan No: Aacfa3624L अपीलाथ"/Appellant ""यथ"/Respondent आयकर अपील सं./ Ita Nos. 116,181,457/Chd/2025 "नधा"रण वष" / A.Y.: 2017-18, 2018-19, 2019-20 The Dcit, Vs M/S Aman Feed Industries, Central Circle-1, E-2, Focal Point, Ludhiana. Khanna. "थायी लेखा सं./Pan No: Aacfa3624L अपीलाथ"/Appellant ""यथ"/Respondent Assessee By : Shri Ashwani Kumar, Shri Kulbhushan Goyal & Ms, Deepali Aggarwal, Cas Revenue By : Shri Manav Bansal, Cit Dr Date Of Hearing : 28.07.2025 Date Of Pronouncement : 16.10.2025

124 Taxman 227/255 ITR 144 which were all in the context of Section 158 BG of the Act. (v) The mere irregularity in granting approval in the context of Section 158BG of the Act was held not to be fatal to the assessment order. Reliance was placed on the orders of the Kolkata ITAT in Shaw Wallace