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

68 of the Act by ignoring the relevant specific facts and circumstances of the case and by relying on extraneous arguments and evidences, including in particular, circumstantial evidence, which has no bearing and applicability to the case. 3. That the Ld Commissioner of Income Tax (Appeals)-3, Gurgaon was not justified to uphold the action of the Ld. Assessing Officer

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

68 of the Act by ignoring the relevant specific facts and circumstances of the case and by relying on extraneous arguments and evidences, including in particular, circumstantial evidence, which has no bearing and applicability to the case. 3. That the Ld Commissioner of Income Tax (Appeals)-3, Gurgaon was not justified to uphold the action of the Ld. Assessing Officer

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

68 of the Act by ignoring the relevant specific facts and circumstances of the case and by relying on extraneous arguments and evidences, including in particular, circumstantial evidence, which has no bearing and applicability to the case. 3. That the Ld Commissioner of Income Tax (Appeals)-3, Gurgaon was not justified to uphold the action of the Ld. Assessing Officer

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

68 of the Act by ignoring the relevant specific facts and circumstances of the case and by relying on extraneous arguments and evidences, including in particular, circumstantial evidence, which has no bearing and applicability to the case. 3. That the Ld Commissioner of Income Tax (Appeals)-3, Gurgaon was not justified to uphold the action of the Ld. Assessing Officer

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

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

Bench: S/Shri N.K. Saini, Vice- & Rajpal Yadav, Vice-

168 138,686,123 678,507,515 1,705,146,806 Aniket Singal A.Y. 2013-14 A.Y. 2014-15 Total Particulars A.Y. 2011- 12 - 466,845,231 1,629,052,628 Total Sale proceeds u/s 68 (on a/c of alleged 1,162,207,39 bogus LTCG) 29,954,940. 103,622,995 7 73,668,055 6.5% of LTCG

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

Bench: S/Shri N.K. Saini, Vice- & Rajpal Yadav, Vice-

168 138,686,123 678,507,515 1,705,146,806 Aniket Singal A.Y. 2013-14 A.Y. 2014-15 Total Particulars A.Y. 2011- 12 - 466,845,231 1,629,052,628 Total Sale proceeds u/s 68 (on a/c of alleged 1,162,207,39 bogus LTCG) 29,954,940. 103,622,995 7 73,668,055 6.5% of LTCG

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

Bench: S/Shri N.K. Saini, Vice- & Rajpal Yadav, Vice-

168 138,686,123 678,507,515 1,705,146,806 Aniket Singal A.Y. 2013-14 A.Y. 2014-15 Total Particulars A.Y. 2011- 12 - 466,845,231 1,629,052,628 Total Sale proceeds u/s 68 (on a/c of alleged 1,162,207,39 bogus LTCG) 29,954,940. 103,622,995 7 73,668,055 6.5% of LTCG

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

Bench: S/Shri N.K. Saini, Vice- & Rajpal Yadav, Vice-

168 138,686,123 678,507,515 1,705,146,806 Aniket Singal A.Y. 2013-14 A.Y. 2014-15 Total Particulars A.Y. 2011- 12 - 466,845,231 1,629,052,628 Total Sale proceeds u/s 68 (on a/c of alleged 1,162,207,39 bogus LTCG) 29,954,940. 103,622,995 7 73,668,055 6.5% of LTCG

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

Bench: S/Shri N.K. Saini, Vice- & Rajpal Yadav, Vice-

168 138,686,123 678,507,515 1,705,146,806 Aniket Singal A.Y. 2013-14 A.Y. 2014-15 Total Particulars A.Y. 2011- 12 - 466,845,231 1,629,052,628 Total Sale proceeds u/s 68 (on a/c of alleged 1,162,207,39 bogus LTCG) 29,954,940. 103,622,995 7 73,668,055 6.5% of LTCG

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

Bench: S/Shri N.K. Saini, Vice- & Rajpal Yadav, Vice-

168 138,686,123 678,507,515 1,705,146,806 Aniket Singal A.Y. 2013-14 A.Y. 2014-15 Total Particulars A.Y. 2011- 12 - 466,845,231 1,629,052,628 Total Sale proceeds u/s 68 (on a/c of alleged 1,162,207,39 bogus LTCG) 29,954,940. 103,622,995 7 73,668,055 6.5% of LTCG

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

Bench: S/Shri N.K. Saini, Vice- & Rajpal Yadav, Vice-

168 138,686,123 678,507,515 1,705,146,806 Aniket Singal A.Y. 2013-14 A.Y. 2014-15 Total Particulars A.Y. 2011- 12 - 466,845,231 1,629,052,628 Total Sale proceeds u/s 68 (on a/c of alleged 1,162,207,39 bogus LTCG) 29,954,940. 103,622,995 7 73,668,055 6.5% of LTCG

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

Bench: S/Shri N.K. Saini, Vice- & Rajpal Yadav, Vice-

168 138,686,123 678,507,515 1,705,146,806 Aniket Singal A.Y. 2013-14 A.Y. 2014-15 Total Particulars A.Y. 2011- 12 - 466,845,231 1,629,052,628 Total Sale proceeds u/s 68 (on a/c of alleged 1,162,207,39 bogus LTCG) 29,954,940. 103,622,995 7 73,668,055 6.5% of LTCG

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

Bench: S/Shri N.K. Saini, Vice- & Rajpal Yadav, Vice-

168 138,686,123 678,507,515 1,705,146,806 Aniket Singal A.Y. 2013-14 A.Y. 2014-15 Total Particulars A.Y. 2011- 12 - 466,845,231 1,629,052,628 Total Sale proceeds u/s 68 (on a/c of alleged 1,162,207,39 bogus LTCG) 29,954,940. 103,622,995 7 73,668,055 6.5% of LTCG

DCIT,CIRCLE-I, LUDHIANA, LUDHIANA vs. ADINATH TEXTILES LIMITED, LUDHIANA

In the result both the appeal filed by the Revenue and Cross objection filed by the Assessee are dismissed

Bench: the appeal is finally heard or disposed off.

section 68 the Income Tax Act, 1961amounting to R- 2,20,32,738/-. 4. That Ld. CIT(A), NFAC, Delhi erred on facts and law, in deleting the addition u/s 69Cof the Income Tax As on account of explained expenditure amounting toRs.3,83,50,000/- 5. That the Ld. CIT(A), NFAC, Delhi erred on facts

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

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

Section 44AB of the Act. As per the books, there was sale of Rs.5,17,05,63,370/- and purchase of Rs.5,18,27,26,557/-. There is no evidence to dispute or controvert any of these transactions. The total purchases of Rs.5,18,27,26,557/-, includes purchases of Rs.58,42,590/- made by the assessee from

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

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

Section 44AB of the Act. As per the books, there was sale of Rs.5,17,05,63,370/- and purchase of Rs.5,18,27,26,557/-. There is no evidence to dispute or controvert any of these transactions. The total purchases of Rs.5,18,27,26,557/-, includes purchases of Rs.58,42,590/- made by the assessee from

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

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

Section 44AB of the Act. As per the books, there was sale of Rs.5,17,05,63,370/- and purchase of Rs.5,18,27,26,557/-. There is no evidence to dispute or controvert any of these transactions. The total purchases of Rs.5,18,27,26,557/-, includes purchases of Rs.58,42,590/- made by the assessee from