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)

Section 68 of the Act. 4.7 In response to show cause notice, the assessee submitted as under:  That he has purchased 1700 equity shares of M/s Maple Goods (P) Ltd. in F.Y. 2010-11 through share broker S.K. Khemka.  That M/s Maple Goods (P) Ltd. was later on amalgamated with M/s Access Global Ltd. in November

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)

Section 68 of the Act. 4.7 In response to show cause notice, the assessee submitted as under:  That he has purchased 1700 equity shares of M/s Maple Goods (P) Ltd. in F.Y. 2010-11 through share broker S.K. Khemka.  That M/s Maple Goods (P) Ltd. was later on amalgamated with M/s Access Global Ltd. in November

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)

Section 68 of the Act. 4.7 In response to show cause notice, the assessee submitted as under:  That he has purchased 1700 equity shares of M/s Maple Goods (P) Ltd. in F.Y. 2010-11 through share broker S.K. Khemka.  That M/s Maple Goods (P) Ltd. was later on amalgamated with M/s Access Global Ltd. in November

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)

Section 68 of the Act. 4.7 In response to show cause notice, the assessee submitted as under:  That he has purchased 1700 equity shares of M/s Maple Goods (P) Ltd. in F.Y. 2010-11 through share broker S.K. Khemka.  That M/s Maple Goods (P) Ltd. was later on amalgamated with M/s Access Global Ltd. in November

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)

Section 68 of the Act. 3.7 In response to show cause notice, the assessee submitted as under:  That he has purchased 850 equity shares of M/s Maple Goods (P) Ltd. in F.Y. 2010-11 through share broker S.K. Khemka.  That M/s Maple Goods (P) Ltd. was later on amalgamated with M/s Access Global Ltd. in November

SH. GURINDER MAKKAR,LUDHIANA vs. DCIT, CC-3, LUDHIANA

In the result, the appeal of the assessee is disposed off in light of aforesaid directions

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

68 and 69 of the Act and thus, the tax u/s 115BBE was to be paid, as against the tax at normal rates. The assumption of jurisdiction u/s 263 was contrary to the law and facts on record. Hence, the proceedings initiated u/s 263 of the Act and the impugned order dated 25.02.2019 are hereby quashed. Thus, ground of appeal

SH. AVINASH RAJTA,SHIMLA vs. ITO, WARD, SHIMLA

In the result, out of addition of Rs 365,132/-, addition of Rs 3,33,385/- is deleted and the remaining addition of Rs 31,747/- is sustained and the ground of appeal is thus partly allowed

Bench: SHRI. VIKRAM SINGH YADAV, AM आयकर अपील सं. / ITA No. 654/CHD/2023 निर्धारण वर्ष / Assessment Year : 2017-18 Avinash Rajta Chauhan Cottage, Dhalli Near Inder Nagar, Shimla H.P. 171012 बनाम स्थायी लेखा सं./PAN NO:ASGPR5069J अपीलार्थी/Appellant The ITO Ward- Shimla H.P. 171001 प्रत्यर्थी/Respondent निर्धारिती की ओर से/Assessee by : राजस्व की ओर से/ Revenue by : Shri Vishal Mohan, Advocate Shri Vivek Vardhan, JCIT सुनवाई की तारीख/Date of Hearing : 01/01/2025 उदघोषणा की तारीख/Date of Pronounceme

Section under Total amount Total TCS which TCS is paid/ credited (in collected collected Rs.) 1 SBACCHUS 206CA 1,34,647.27 1346.47 Distillery (P). Ltd. 2 Chander Mohan 206CA 60,18,161 60,182/- Sharma 3 HP Beverages Ltd. 206CA 4,19,67,717.06 4,20,128 4 K.M. Distillery (P) 206CA

PRIYANKA,SIRSA vs. PR.CIT, ROHTAK

The appeal of the assessee is allowed

Bench: Shri Sudhanshu Srivastava & Shri Vikram Singh Yadavआयकरअपीलसं./Ita No.149/Chd/2021 "नधा"रणवष" / Assessment Year :2016-17 Sh. Rajeev Goyal Pr. Commissioner Of Income बनाम M/S R.K. Associates, Tax, Rohtak B.G. Complex Near Ganesh Dharam Kanta, Sirsa -125055, Haryana "थायीलेखासं./Pan No: Aibpg7289A अपीलाथ"/Appellant ""यथ"/Respondent

182-7,57,238+6,29,790) Rs. 1,36,734/-. The additional income surrendered by the assessee on account of unaccounted loans and advances at Rs. 11,00,000/-, unexplained investment in furniture and fixture at Rs. 12,00,000/- was assessed u/s 69 of the Act and Rs. 8,00,000/- on account of unexplained cash was assessed

PRIYA GOYAL,SIRSA vs. PR.CIT, ROHTAK

The appeal of the assessee is allowed

Bench: Shri Sudhanshu Srivastava & Shri Vikram Singh Yadavआयकरअपीलसं./Ita No.149/Chd/2021 "नधा"रणवष" / Assessment Year :2016-17 Sh. Rajeev Goyal Pr. Commissioner Of Income बनाम M/S R.K. Associates, Tax, Rohtak B.G. Complex Near Ganesh Dharam Kanta, Sirsa -125055, Haryana "थायीलेखासं./Pan No: Aibpg7289A अपीलाथ"/Appellant ""यथ"/Respondent

182-7,57,238+6,29,790) Rs. 1,36,734/-. The additional income surrendered by the assessee on account of unaccounted loans and advances at Rs. 11,00,000/-, unexplained investment in furniture and fixture at Rs. 12,00,000/- was assessed u/s 69 of the Act and Rs. 8,00,000/- on account of unexplained cash was assessed

SHRI RAJEEV GOYAL,SIRSA vs. PR.CIT, ROHTAK

The appeal of the assessee is allowed

Bench: Shri Sudhanshu Srivastava & Shri Vikram Singh Yadavआयकरअपीलसं./Ita No.149/Chd/2021 "नधा"रणवष" / Assessment Year :2016-17 Sh. Rajeev Goyal Pr. Commissioner Of Income बनाम M/S R.K. Associates, Tax, Rohtak B.G. Complex Near Ganesh Dharam Kanta, Sirsa -125055, Haryana "थायीलेखासं./Pan No: Aibpg7289A अपीलाथ"/Appellant ""यथ"/Respondent

182-7,57,238+6,29,790) Rs. 1,36,734/-. The additional income surrendered by the assessee on account of unaccounted loans and advances at Rs. 11,00,000/-, unexplained investment in furniture and fixture at Rs. 12,00,000/- was assessed u/s 69 of the Act and Rs. 8,00,000/- on account of unexplained cash was assessed

SHRI. TARSEM GOYAL,SIRSA vs. PR.CIT, ROHTAK

The appeal of the assessee is allowed

Bench: Shri Sudhanshu Srivastava & Shri Vikram Singh Yadavआयकरअपीलसं./Ita No.149/Chd/2021 "नधा"रणवष" / Assessment Year :2016-17 Sh. Rajeev Goyal Pr. Commissioner Of Income बनाम M/S R.K. Associates, Tax, Rohtak B.G. Complex Near Ganesh Dharam Kanta, Sirsa -125055, Haryana "थायीलेखासं./Pan No: Aibpg7289A अपीलाथ"/Appellant ""यथ"/Respondent

182-7,57,238+6,29,790) Rs. 1,36,734/-. The additional income surrendered by the assessee on account of unaccounted loans and advances at Rs. 11,00,000/-, unexplained investment in furniture and fixture at Rs. 12,00,000/- was assessed u/s 69 of the Act and Rs. 8,00,000/- on account of unexplained cash was assessed

SH. PARSHOTAM GOYAL,SIRSA vs. PR.CIT, ROHTAK

The appeal of the assessee is allowed

Bench: Shri Sudhanshu Srivastava & Shri Vikram Singh Yadavआयकरअपीलसं./Ita No.149/Chd/2021 "नधा"रणवष" / Assessment Year :2016-17 Sh. Rajeev Goyal Pr. Commissioner Of Income बनाम M/S R.K. Associates, Tax, Rohtak B.G. Complex Near Ganesh Dharam Kanta, Sirsa -125055, Haryana "थायीलेखासं./Pan No: Aibpg7289A अपीलाथ"/Appellant ""यथ"/Respondent

182-7,57,238+6,29,790) Rs. 1,36,734/-. The additional income surrendered by the assessee on account of unaccounted loans and advances at Rs. 11,00,000/-, unexplained investment in furniture and fixture at Rs. 12,00,000/- was assessed u/s 69 of the Act and Rs. 8,00,000/- on account of unexplained cash was assessed

M/S PARDEEP ISPAT(P) LTD.,SIRSA vs. PR.CIT, ROHTAK

The appeal of the assessee is allowed

Bench: Shri Sudhanshu Srivastava & Shri Vikram Singh Yadavआयकरअपीलसं./Ita No.149/Chd/2021 "नधा"रणवष" / Assessment Year :2016-17 Sh. Rajeev Goyal Pr. Commissioner Of Income बनाम M/S R.K. Associates, Tax, Rohtak B.G. Complex Near Ganesh Dharam Kanta, Sirsa -125055, Haryana "थायीलेखासं./Pan No: Aibpg7289A अपीलाथ"/Appellant ""यथ"/Respondent

182-7,57,238+6,29,790) Rs. 1,36,734/-. The additional income surrendered by the assessee on account of unaccounted loans and advances at Rs. 11,00,000/-, unexplained investment in furniture and fixture at Rs. 12,00,000/- was assessed u/s 69 of the Act and Rs. 8,00,000/- on account of unexplained cash was assessed

M/S NIRBHAI TEXTILES PVT. LTD.,LUDHIANA vs. ACIT, C-2, LUDHIANA

The appeal of the assessee stands allowed

Bench: Shri N.K. Saini & Shri Sudhanshu Srivastavaआयकरअपीलसं./Ita No.1401/Chd/2018 "नधा"रणवष" / Assessment Year :2014-15

68,182 equity shares having a par value of Rs. 10/- per share at a premium of Rs. 100/- per share. In response to queries raised by the AO in this regard, the assessee filed calculation of valuation of shares following the Discounted Cash Flow Method (DCF) duly certified by a Chartered Accountant. However, the AO noted that the assessee

RAJNI JAIN,BATHINDA vs. PR.CIT(CENTRAL), LUDHIANA

Bench: Shri N.K. Saini & Shri Sudhanshu Srivastava

section 68 of the Income Tax Act are against the facts and circumstances of the case. 8. That the appellant craves to add or amend the grounds of appeal. 2.1 The Ld. AR submitted that in this case the return of income was filed on 13.07.2016 along with the computation of income showing Salary Income, Income from House Property

TARUN JAIN,BATHINDA vs. PR.CIT(CENTRAL), LUDHIANA

Bench: Shri N.K. Saini & Shri Sudhanshu Srivastava

section 68 of the Income Tax Act are against the facts and circumstances of the case. 8. That the appellant craves to add or amend the grounds of appeal. 2.1 The Ld. AR submitted that in this case the return of income was filed on 13.07.2016 along with the computation of income showing Salary Income, Income from House Property

SHRI SANJAY JAIN,BATHINDA vs. PR.CIT(CENTRAL), LUDHIANA

Bench: Shri N.K. Saini & Shri Sudhanshu Srivastava

section 68 of the Income Tax Act are against the facts and circumstances of the case. 8. That the appellant craves to add or amend the grounds of appeal. 2.1 The Ld. AR submitted that in this case the return of income was filed on 13.07.2016 along with the computation of income showing Salary Income, Income from House Property

DY. COMMISSIONER OF INCOME TAX, CIRCLE-4, , AAYAKAR BHAWAN vs. ROCKMAN INDUSTRIES LIMITED, -

In the result order of CIT(A) is sustained as passed and the appeal of the Revenue is partly allowed for statistical purposes

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

182 Domestic Traveling & 3,840,407 1,104,566 4,944,973 Convey-other Foreign Traveling exp-others 4,770,256 1,023,622 5,793,878 TOTAL 2,77,90,068 11373255 39,163,323 Misc. Expenses Ludhiana (37%) Haridwar (63%) Consolidated Legal, Prof & 5048D37 8595305 13643342 Consultation Charges Gen Admin Exp 3671861 6252087 9923948 Gen Exp Others