ACIT, INTL. TAXATION, CIRCLE, CHANDIGARH vs. SH. MANJIT SINGH BAIDWAN, CHANDIGARH

In the result, the appeal of the Revenue is dismissed

Bench: Shri N.K. Saini & Shri R.L Negiआयकर अपील सं./Ita No. 1245/Chd/2018 "नधा"रण वष" / Assessment Year : 2013-14 The Acit, Sh. Manjit Singh Baidwan, बनाम (International Taxation), # 3151, Sector 27-D, Chandigarh Chandigarh

68 83/Mum/2014 which also relied on the aforesaid decision. Accordingly, in the peculiar facts and circumstance of the present case which have been set out herein above considering the position of law as also discussed in detail in the earlier portion of this order, we find that in the peculiar facts of the present case the claim of the assessee

SH. DALJIT SINGH BASSI,RANJIT NAGAR vs. PR.CIT-1, CHANDIGARH

The appeal of the assessee stands allowed

Bench: Shri N.K. Saini & Shri Sudhanshu Srivastavaआयकर अपील सं./ Ita No. 56/Chd/2021 "नधा"रण वष" / Assessment Year : 2015-16

68,750/- on 14.08.2014 and earned long Term Capital Gain of Rs. 12,55,08,350/-/- claiming deduction of Rs. ITA No. 56-Chd-2021 Sh. Daljit Singh Bassi, Ranjit Nagar 3 6,16,31,455/- u/s 54B and Rs. 6,38,76,895/- u/s 54F against Long Term Capital Gain. 3. As per provisions of Section

SHRI GURDEEP SINGH,MOHALI vs. ITO, W-6(4), MOHALI

In the result, appeals of the assessees are allowed for statistical purposes

68,39,512/- Less : 1. Loan returned to Punjab Gramin Bank Mohali taken for improvement of land 29-01-2013. Rs-1,01,169/- 2. Investment U/s 54 (Residential Property) Rs- 35,95,440/- 3. Share of Investment in Agricultural land purchased as per copy of purchased deed Enclosed Rs. 24,35,850/- Balance Amount

SHRI KESAR SINGH,MOHALI vs. ITO, W-6(4), MOHALI

In the result, appeals of the assessees are allowed for statistical purposes

68,39,512/- Less : 1. Loan returned to Punjab Gramin Bank Mohali taken for improvement of land 29-01-2013. Rs-1,01,169/- 2. Investment U/s 54 (Residential Property) Rs- 35,95,440/- 3. Share of Investment in Agricultural land purchased as per copy of purchased deed Enclosed Rs. 24,35,850/- Balance Amount

SHRI DARSHAN SINGH,MOHALI vs. ITO, W-6(4), MOHALI

In the result, appeals of the assessees are allowed for statistical purposes

68,39,512/- Less : 1. Loan returned to Punjab Gramin Bank Mohali taken for improvement of land 29-01-2013. Rs-1,01,169/- 2. Investment U/s 54 (Residential Property) Rs- 35,95,440/- 3. Share of Investment in Agricultural land purchased as per copy of purchased deed Enclosed Rs. 24,35,850/- Balance Amount

SHRI DIDAR SINGH,MOHALI vs. ITO, W-6(4), MOHALI

In the result, appeals of the assessees are allowed for statistical purposes

68,39,512/- Less : 1. Loan returned to Punjab Gramin Bank Mohali taken for improvement of land 29-01-2013. Rs-1,01,169/- 2. Investment U/s 54 (Residential Property) Rs- 35,95,440/- 3. Share of Investment in Agricultural land purchased as per copy of purchased deed Enclosed Rs. 24,35,850/- Balance Amount

SHRI BALJINDER SINGH,MOHALI vs. ITO, W-6(4), MOHALI

In the result, appeals of the assessees are allowed for statistical purposes

68,39,512/- Less : 1. Loan returned to Punjab Gramin Bank Mohali taken for improvement of land 29-01-2013. Rs-1,01,169/- 2. Investment U/s 54 (Residential Property) Rs- 35,95,440/- 3. Share of Investment in Agricultural land purchased as per copy of purchased deed Enclosed Rs. 24,35,850/- Balance Amount

DEVI DAYAL,KAITHAL vs. INCOME TAX OFFICER, WARD-1 , KAITHAL

In the result, appeal is allowed

Bench: Shri Rajpal Yadav & Shri Krinwant Sahayआयकर अपील सं./ Ita No. 899/Chd/2024 "नधा"रण वष" / Assessment Year: 2008-09 Shri Devi Dayal, Vs The Ito, Pundri Anaj Mandi, Ward – 1, Kaithal-Haryana 136026. Kaithal. "थायी लेखा सं./Pan No: Aajpd5851H अपीलाथ"/Appellant ""यथ"/Respondent Assessee By : Shri Parikshit Aggarwal, Ca & Ms. Shruti Khandelwal, Advocate Revenue By : Shri Manav Bansal, Cit, Dr Date Of Hearing : 30.07.2025 Date Of Pronouncement : 08.09.2025

68,276/-, assessee carried the matter in appeal before the ld. CIT (Appeals) who has dismissed the appeal. The appeal to the ITAT also did not bring any relief to the assessee. A.Y.2008-09 17 Though Hon'ble High Court has allowed the appeal of the assessee and revenue carried the matter in appeal before the Hon'ble Supreme Court

SHEO RAM,YAMUNA NAGAR vs. INCOME TAX OFFICER WARD-4 , YAMUNA NAGAR

In the result, the appeal of the assessee is allowed

Bench: Shri Rajpal Yadav & Shri Krinwant Sahay

Section 148 dated 13.09.2012. The AO has thereafter passed an assessment order on 30.03.2014 whereby LTCG liability was determined in the hands of the assessee. Such gain was determined at Rs.3,68,96,060/-. 3. Dissatisfied with the assessment order, assessee carried the matter in appeal before the CIT(A) and ultimately it travelled upto the Tribunal vide

ITO, W-6(4), MOHALI vs. SHRI SANT SINGH, MOHALI

In the result, appeal of the Revenue is dismissed

Bench: Shri Mahavir Singh & Shri Krinwant Sahay

Section 144 r.w.s. 147 of the Act, as assessee did not attend the proceedings despite notice of service. The AO from perusal of bank statement noticed that there are credit entries in Joint Bank Account maintained by Sh. Sant Singh (Assessee), along with his mother Smt. Ajaib Kaur amounting to Rs. 5,54,05,000/-, during the Financial Year