DCIT, CHANDIGARH vs. SH. PARAMJIT SINGH, MOHALI

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumar

200 {Madras} In the above referred case, during the course of search conducted under section 132 in the business premises and the residential premises of the father of the assessee, certain amount of cash books of account and documents in respect of the assessee were seized. The AO issued notices to the assessee filed the return of income disclosing

DCIT, CHANDIGARH vs. SMT. JASWANT KAUR, MOHALI

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumar

200 {Madras} In the above referred case, during the course of search conducted under section 132 in the business premises and the residential premises of the father of the assessee, certain amount of cash books of account and documents in respect of the assessee were seized. The AO issued notices to the assessee filed the return of income disclosing

DCIT, CHANDIGARH vs. SMT. JASWANT KAUR, MOHALI

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumar

200 {Madras} In the above referred case, during the course of search conducted under section 132 in the business premises and the residential premises of the father of the assessee, certain amount of cash books of account and documents in respect of the assessee were seized. The AO issued notices to the assessee filed the return of income disclosing

DCIT, CHANDIGARH vs. SH. PARAMJIT SINGH, MOHALI

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumar

200 {Madras} In the above referred case, during the course of search conducted under section 132 in the business premises and the residential premises of the father of the assessee, certain amount of cash books of account and documents in respect of the assessee were seized. The AO issued notices to the assessee filed the return of income disclosing

DCIT, CHANDIGARH vs. SMT. MANJIT KAUR, CHANDIGARH

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumar

200 {Madras} In the above referred case, during the course of search conducted under section 132 in the business premises and the residential premises of the father of the assessee, certain amount of cash books of account and documents in respect of the assessee were seized. The AO issued notices to the assessee filed the return of income disclosing

M/S SATWANT AGRO ENGINEERS,BHAWANIGARH vs. DCIT, CENTRAL CIRCLE, PATIALA

In the result, the appeal of the assessee is partly allowed for statistical purposes

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

68 of Income Tax Act 1961 but if such income from undisclosed sources, though, invested had not been recorded in the assessee's books, than such income is liable to be assessed in terms of section 69 of Income Tax Act 1961. vii. In Roshan Lai Madan VS CIT 245 ITR (AT) 36 (Chandigarh) AND Jagmohan Ram Ram Chandra

HOMELIFE BUILDCON PRIVATE LIMITED,SUNVIEW ENCLAVE, AYALI KALAN, LUDHIANA,PUNJAB vs. SMT. SAMANDEEP KAUR DCIT-CENTRAL CIRCLE-1, LUDHIANA, PUNJAB

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

Bench: SHRI. RAJPAL YADAV (Vice President), SHRI. KRINWANT SAHAY, AM आयकर अपील सं. / ITA No. 880/Chd/2024 निर्धारण वर्ष / Assessment Year : 2021-22 Homelife Buildcon Private Limited Sunview Enclave, Ayali Kalan, Ludhiana, Punjab-142027 स्थायी लेखा सं./PAN NO: AABCH5690M अपीलार्थी/Appellant बनाम The DCIT Central Circle-1 Ludhiana, Punjab प्रत्यर्थी/Respondent आयकर अपील सं. / ITA No. 1036/Chd/2024 निर्धारण वर्ष / Assessment Year : 2021-22 बनाम Homelife Buildcon Private Limited Sunview Enclave, Ayali

200 (CAL.)  Paharpur Cooling Towers Ltd. v. Deputy Commissioner of  Income-tax, [2003] 85 ITD 745 (KOL.) (iv) Applicability of Section 148; Explanation 2 to the Assessment Year Preceding the Search Year. i. It is reiterated that the search in the case of the assessee was carried out on December 8, 2021, which falls in FY 2021-22. Hence

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, LUDHIANA , LUDHIANA vs. HOMELIFE BUILDCON PVT. LTD., LUDHIANA

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

Bench: SHRI. RAJPAL YADAV (Vice President), SHRI. KRINWANT SAHAY, AM आयकर अपील सं. / ITA No. 880/Chd/2024 निर्धारण वर्ष / Assessment Year : 2021-22 Homelife Buildcon Private Limited Sunview Enclave, Ayali Kalan, Ludhiana, Punjab-142027 स्थायी लेखा सं./PAN NO: AABCH5690M अपीलार्थी/Appellant The DCIT Central Circle-1 Ludhiana, Punjab प्रत्यर्थी/Respondent आयकर अपील सं. / ITA No. 1036/Chd/2024 निर्धारण वर्ष / Assessment Year : 2021-22 Homelife Buildcon Private Limited Sunview Enclave, Ayali Kalan, Lu

200 (CAL.)  Paharpur Cooling Towers Ltd. v. Deputy Commissioner of  Income-tax, [2003] 85 ITD 745 (KOL.) (iv) Applicability of Section 148; Explanation 2 to the Assessment Year Preceding the Search Year. i. It is reiterated that the search in the case of the assessee was carried out on December 8, 2021, which falls in FY 2021-22. Hence

ANUPAM,BARNALA vs. INCOME TAX OFFICER, BARNALA

In the result, Assessee’s appeal is allowed

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

200/- after claiming deductions under Chapter VI-A of the Act. The case was selected for scrutiny under compulsory manual selection due to a survey conducted under section 133A of the Act on 26/09/2016. During the survey, the assessee surrendered a total amount of Rs. 95,00,000/- under the heads of unexplained advances and loans

BANUR BROTHER ,PATIALA vs. ITO-WARD-1, AMBALA

In the result appeal of the assessee is allowed as and by way of remand to Ld

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

68,63,786/- u/s 69A of the Income Tax Act, 1961 with respect to cash withdrawals without any finding doubting the source of funds withdrawn. 3. That under the facts and circumstances of the case, the Ld. CIT (Appeals) had erred in upholding the order of the Ld. AO making an addition u/s 69A based on surmises and conjectures

DCIT, C-1, (E), CHANDIGARH vs. M/S MANAV MANGAL SOCIETY, CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

200 39,23,86 6 27,88,15 7 Sardana S/o Shri Gian Singh Sardana, # 3085 Sector 21 D, Chandigarh 5. Anjali Sardana Salary Rent Interest Salary Rent Interest Salary Rent Interest 7,57,407 2,83,000 4,46,329 8,93,562 4,00,00 0 2,97,754 11,27,68 8 4,94,000 3

DCIT, C-1, (E), CHANDIGARH vs. M/S MANAV MANGAL SOCIETY, CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

200 39,23,86 6 27,88,15 7 Sardana S/o Shri Gian Singh Sardana, # 3085 Sector 21 D, Chandigarh 5. Anjali Sardana Salary Rent Interest Salary Rent Interest Salary Rent Interest 7,57,407 2,83,000 4,46,329 8,93,562 4,00,00 0 2,97,754 11,27,68 8 4,94,000 3

DCIT, C-1, (E), CHANDIGARH vs. M/S MANAV MANGAL SOCIETY, CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

200 39,23,86 6 27,88,15 7 Sardana S/o Shri Gian Singh Sardana, # 3085 Sector 21 D, Chandigarh 5. Anjali Sardana Salary Rent Interest Salary Rent Interest Salary Rent Interest 7,57,407 2,83,000 4,46,329 8,93,562 4,00,00 0 2,97,754 11,27,68 8 4,94,000 3

DCIT,CIRCLE-1(EXEMPTION), CHANDIGARH vs. M/S MANAV MANGAL SCHOOL( MANAV MANGAL SOCIETY), CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

200 39,23,86 6 27,88,15 7 Sardana S/o Shri Gian Singh Sardana, # 3085 Sector 21 D, Chandigarh 5. Anjali Sardana Salary Rent Interest Salary Rent Interest Salary Rent Interest 7,57,407 2,83,000 4,46,329 8,93,562 4,00,00 0 2,97,754 11,27,68 8 4,94,000 3

DCIT, C-1, (E), CHANDIGARH vs. M/S MANAV MANGAL SOCIETY, CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

200 39,23,86 6 27,88,15 7 Sardana S/o Shri Gian Singh Sardana, # 3085 Sector 21 D, Chandigarh 5. Anjali Sardana Salary Rent Interest Salary Rent Interest Salary Rent Interest 7,57,407 2,83,000 4,46,329 8,93,562 4,00,00 0 2,97,754 11,27,68 8 4,94,000 3

M/S MANAV MANGAL SOCIETY,CHANDIGARH vs. DCIT, C-1, (E), CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

200 39,23,86 6 27,88,15 7 Sardana S/o Shri Gian Singh Sardana, # 3085 Sector 21 D, Chandigarh 5. Anjali Sardana Salary Rent Interest Salary Rent Interest Salary Rent Interest 7,57,407 2,83,000 4,46,329 8,93,562 4,00,00 0 2,97,754 11,27,68 8 4,94,000 3

DCIT, C-1, (E), CHANDIGARH vs. M/S MANAV MANGAL SOCIETY, CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

200 39,23,86 6 27,88,15 7 Sardana S/o Shri Gian Singh Sardana, # 3085 Sector 21 D, Chandigarh 5. Anjali Sardana Salary Rent Interest Salary Rent Interest Salary Rent Interest 7,57,407 2,83,000 4,46,329 8,93,562 4,00,00 0 2,97,754 11,27,68 8 4,94,000 3

M/S MANAV MANGAL SOCIETY,CHANDIGARH vs. DCIT, C-1, (E), CHANDIGARH

In the result, all the appeals of the assessee are allowed and all the appeals of the department are dismissed

200 39,23,86 6 27,88,15 7 Sardana S/o Shri Gian Singh Sardana, # 3085 Sector 21 D, Chandigarh 5. Anjali Sardana Salary Rent Interest Salary Rent Interest Salary Rent Interest 7,57,407 2,83,000 4,46,329 8,93,562 4,00,00 0 2,97,754 11,27,68 8 4,94,000 3