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

433 to 437 of 2014 has also unequivocally affirmed the above interpretation of law. It is respectfully prayed that the above ground may kindly be adjudicated in the light of the submissions made above. 20. As regards to the merits of the case relating to the addition by invoking the provisions of Section 68

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

433 to 437 of 2014 has also unequivocally affirmed the above interpretation of law. It is respectfully prayed that the above ground may kindly be adjudicated in the light of the submissions made above. 20. As regards to the merits of the case relating to the addition by invoking the provisions of Section 68

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

433 to 437 of 2014 has also unequivocally affirmed the above interpretation of law. It is respectfully prayed that the above ground may kindly be adjudicated in the light of the submissions made above. 20. As regards to the merits of the case relating to the addition by invoking the provisions of Section 68

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

433 to 437 of 2014 has also unequivocally affirmed the above interpretation of law. It is respectfully prayed that the above ground may kindly be adjudicated in the light of the submissions made above. 20. As regards to the merits of the case relating to the addition by invoking the provisions of Section 68

VERMA JEWELLERS,SOLAN vs. DCIT/ACIT, CIRCLE, PARWANOO

Appeal of the assessee is allowed as and by way of remand

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

section 68 cannot be made without rejecting the books of accounts of the appellant and specifically pointing out the defects- in the books of accounts regularly maintained by the assessee.” 3. That the assessee being aggrieved by the aforesaid which was done by assessment order No. ITBA/AST/S/143(3)/2019-20/1023380619(1) dt. 29/12/2019 filed an appeal before

ITO, CHANDIGARH vs. M/S J.N. GOYAL HOSPITAL PVT. LTD., CHANDIGARH

Appeal of the Revenue is dismissed

Bench: Smt. Diva Singh & Dr. B.R.R. Kumarassessment Year: 2010-11

433 which is squarely applicable to the facts of the case of the assessee. 3. The effective ground is ground no. 2 pertaining to addition under section 2(22)(e) of the Income Tax Act,1961. 4. Brief facts of the case and the rationale given by the Ld. CIT(A) can be gauzed from the order

SHRI ABHISHEK SOIN,LUDHIANA vs. DCIT, CC-II, LUDHIANA

The appeals are partly allowed

Bench: Shri Rajpal Yadav & Shri Krinwant Sahayआयकर अपील सं./ Ita No. 321 & 322/Chd/2019 "नधा"रण वष" / Assessment Year: 2010-11, 2011-12 Shri Abhishek Soin, The Dcit, C/O Sigma Cartons Pvt. Ltd., Vs Central Circle-Ii, Unit-Ii, Industrial Area-C, Ludhiana. Sua Road, Ludhiana. "थायी लेखा सं./Pan No: Anbps9446A अपीलाथ"/Appellant ""यथ"/Respondent Assessee By : Shri Aditya Kumar, Ca Revenue By : Shri Manav Bansal, Cit Dr Date Of Hearing : 03.06.2025 Date Of Pronouncement : 29.07.2025 Hybrid Hearing O R D E R

68 Bogus Capital Gains From Penny Stocks: The share transaction is genuine because it is supported by contract notes, bills, were carried out through recognized stockbroker of the Stock Exchange and all payments made to, and received from, the stockbroker, were through account payee instruments. A transaction fully supported by documentary evidences cannot be brushed aside on suspicion and surmises

SHRI ABHISHEK SOIN,LUDHIANA vs. DCIT, CC-II, LUDHIANA

The appeals are partly allowed

Bench: Shri Rajpal Yadav & Shri Krinwant Sahayआयकर अपील सं./ Ita No. 321 & 322/Chd/2019 "नधा"रण वष" / Assessment Year: 2010-11, 2011-12 Shri Abhishek Soin, The Dcit, C/O Sigma Cartons Pvt. Ltd., Vs Central Circle-Ii, Unit-Ii, Industrial Area-C, Ludhiana. Sua Road, Ludhiana. "थायी लेखा सं./Pan No: Anbps9446A अपीलाथ"/Appellant ""यथ"/Respondent Assessee By : Shri Aditya Kumar, Ca Revenue By : Shri Manav Bansal, Cit Dr Date Of Hearing : 03.06.2025 Date Of Pronouncement : 29.07.2025 Hybrid Hearing O R D E R

68 Bogus Capital Gains From Penny Stocks: The share transaction is genuine because it is supported by contract notes, bills, were carried out through recognized stockbroker of the Stock Exchange and all payments made to, and received from, the stockbroker, were through account payee instruments. A transaction fully supported by documentary evidences cannot be brushed aside on suspicion and surmises