DCIT, CHANDIGARH vs. SH. PARAMJIT SINGH, MOHALI

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

68, 69A, 69B, 69C and 69D can be misused by the assessees to circumvent the ‘Voluntary ITA Nos.41 to 44, 387, 45 to 54/Chd/17 & CO 16-to 30-Chd-2018- Shri Kulwant Singh & Others, Mohali 32 Disclosure Scheme’ and to get their income into rotation / accounted for by paying 30% tax and declaring the same under the aforesaid sections

DCIT, CHANDIGARH vs. SMT. JASWANT KAUR, MOHALI

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

68, 69A, 69B, 69C and 69D can be misused by the assessees to circumvent the ‘Voluntary ITA Nos.41 to 44, 387, 45 to 54/Chd/17 & CO 16-to 30-Chd-2018- Shri Kulwant Singh & Others, Mohali 32 Disclosure Scheme’ and to get their income into rotation / accounted for by paying 30% tax and declaring the same under the aforesaid sections

DCIT, CHANDIGARH vs. SMT. MANJIT KAUR, CHANDIGARH

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

68, 69A, 69B, 69C and 69D can be misused by the assessees to circumvent the ‘Voluntary ITA Nos.41 to 44, 387, 45 to 54/Chd/17 & CO 16-to 30-Chd-2018- Shri Kulwant Singh & Others, Mohali 32 Disclosure Scheme’ and to get their income into rotation / accounted for by paying 30% tax and declaring the same under the aforesaid sections

DCIT, CHANDIGARH vs. SH. PARAMJIT SINGH, MOHALI

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

68, 69A, 69B, 69C and 69D can be misused by the assessees to circumvent the ‘Voluntary ITA Nos.41 to 44, 387, 45 to 54/Chd/17 & CO 16-to 30-Chd-2018- Shri Kulwant Singh & Others, Mohali 32 Disclosure Scheme’ and to get their income into rotation / accounted for by paying 30% tax and declaring the same under the aforesaid sections

DCIT, CHANDIGARH vs. SMT. JASWANT KAUR, MOHALI

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

68, 69A, 69B, 69C and 69D can be misused by the assessees to circumvent the ‘Voluntary ITA Nos.41 to 44, 387, 45 to 54/Chd/17 & CO 16-to 30-Chd-2018- Shri Kulwant Singh & Others, Mohali 32 Disclosure Scheme’ and to get their income into rotation / accounted for by paying 30% tax and declaring the same under the aforesaid sections

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

245D(4) for the A.Y. 2004-05 to 2011-12 in the case of M/s BPSL and gave the following decision relating to income surrendered by the Assessee in the individual capacity: “19.5 It may be mentioned that Shri Sanjay Singhal and Smt. Arti Singhal have in their individual hands made a declaration of Rs. 239,11,90,780/-. After

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

245D(4) for the A.Y. 2004-05 to 2011-12 in the case of M/s BPSL and gave the following decision relating to income surrendered by the Assessee in the individual capacity: “19.5 It may be mentioned that Shri Sanjay Singhal and Smt. Arti Singhal have in their individual hands made a declaration of Rs. 239,11,90,780/-. After

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

245D(4) for the A.Y. 2004-05 to 2011-12 in the case of M/s BPSL and gave the following decision relating to income surrendered by the Assessee in the individual capacity: “19.5 It may be mentioned that Shri Sanjay Singhal and Smt. Arti Singhal have in their individual hands made a declaration of Rs. 239,11,90,780/-. After

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

245D(4) for the A.Y. 2004-05 to 2011-12 in the case of M/s BPSL and gave the following decision relating to income surrendered by the Assessee in the individual capacity: “19.5 It may be mentioned that Shri Sanjay Singhal and Smt. Arti Singhal have in their individual hands made a declaration of Rs. 239,11,90,780/-. After

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

245D(4) for the A.Y. 2004-05 to 2011-12 in the case of M/s BPSL and gave the following decision relating to income surrendered by the Assessee in the individual capacity: “19.5 It may be mentioned that Shri Sanjay Singhal and Smt. Arti Singhal have in their individual hands made a declaration of Rs. 239,11,90,780/-. After

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

245D(4) for the A.Y. 2004-05 to 2011-12 in the case of M/s BPSL and gave the following decision relating to income surrendered by the Assessee in the individual capacity: “19.5 It may be mentioned that Shri Sanjay Singhal and Smt. Arti Singhal have in their individual hands made a declaration of Rs. 239,11,90,780/-. After

ANJULA GOEL ,PARWANOO vs. DCIT, CC-II, CHANDIGARH

In the result, both the above appeals of the assessee are partly allowed

68 of the Act on account of Long Term Capital Gains treated as bogus, amounting to Rs.17,19,989/- and the alleged expenditure incurred in connection with the same amounting to Rs.1,34,027/. 8. Brief facts relating to the issue are that during assessment proceedings the AO noted that information had been received by the Investigation Wing, Chandigarh, from