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

68 Gurmeet Singh Bhangu Hard Disk Loose Sheets containing 70-73 details of cash paid to Gurmeet Singh with description "Manu Ji-cash paid to Gurmeet Singh C/o AjayPrabhakar" Ravi Kapoor Slip found form Pavments in connection 14 H. No. the E-Mail ID of with some Plot No. 286 & 7200/50bawaColone Sh. Ravi Kapoor 287 without any y, Naveen nagar

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)

90 taxman 349 held that "a close reading of Section 68 & 69 makes it clear that in the case of Section 68 there should be a credit entry in the books of accounts whereas in the Section 69 where may not be an entry in the books of accounts." In the case of Roshan Di Hatti

DCIT, CHANDIGARH vs. SMT. JASWANT KAUR, MOHALI

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

90,00,000/- (Director of Janta 2009-10 70,00,000/- Land Promoters Ltd 2011-12 2,23,00,000/- and M/s JLPL Infrastructure) Smt. Jasawant Kaur 2007-08 2,50,000/- (w/o Mr. Kulwant 2009-10 2,20,33,720/- Singh) 2010-11 60,00,000/- 2011-12 85,00,000/- 4. Thereafter, a search and seizure operation

DCIT, CHANDIGARH vs. SH. PARAMJIT SINGH, MOHALI

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

90,00,000/- (Director of Janta 2009-10 70,00,000/- Land Promoters Ltd 2011-12 2,23,00,000/- and M/s JLPL Infrastructure) Smt. Jasawant Kaur 2007-08 2,50,000/- (w/o Mr. Kulwant 2009-10 2,20,33,720/- Singh) 2010-11 60,00,000/- 2011-12 85,00,000/- 4. Thereafter, a search and seizure operation

DCIT, CHANDIGARH vs. SMT. MANJIT KAUR, CHANDIGARH

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

90,00,000/- (Director of Janta 2009-10 70,00,000/- Land Promoters Ltd 2011-12 2,23,00,000/- and M/s JLPL Infrastructure) Smt. Jasawant Kaur 2007-08 2,50,000/- (w/o Mr. Kulwant 2009-10 2,20,33,720/- Singh) 2010-11 60,00,000/- 2011-12 85,00,000/- 4. Thereafter, a search and seizure operation

DCIT, CHANDIGARH vs. SH. PARAMJIT SINGH, MOHALI

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

90,00,000/- (Director of Janta 2009-10 70,00,000/- Land Promoters Ltd 2011-12 2,23,00,000/- and M/s JLPL Infrastructure) Smt. Jasawant Kaur 2007-08 2,50,000/- (w/o Mr. Kulwant 2009-10 2,20,33,720/- Singh) 2010-11 60,00,000/- 2011-12 85,00,000/- 4. Thereafter, a search and seizure operation

DCIT, CHANDIGARH vs. SH. KULWANT SINGH, MOHALI

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

90,00,000/- (Director of Janta 2009-10 70,00,000/- Land Promoters Ltd 2011-12 2,23,00,000/- and M/s JLPL Infrastructure) Smt. Jasawant Kaur 2007-08 2,50,000/- (w/o Mr. Kulwant 2009-10 2,20,33,720/- Singh) 2010-11 60,00,000/- 2011-12 85,00,000/- 4. Thereafter, a search and seizure operation

DCIT, CHANDIGARH vs. SMT. JASWANT KAUR, MOHALI

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

90,00,000/- (Director of Janta 2009-10 70,00,000/- Land Promoters Ltd 2011-12 2,23,00,000/- and M/s JLPL Infrastructure) Smt. Jasawant Kaur 2007-08 2,50,000/- (w/o Mr. Kulwant 2009-10 2,20,33,720/- Singh) 2010-11 60,00,000/- 2011-12 85,00,000/- 4. Thereafter, a search and seizure operation

DCIT, CHANDIGARH vs. SH. KULWANT SINGH, MOHALI

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

90,00,000/- (Director of Janta 2009-10 70,00,000/- Land Promoters Ltd 2011-12 2,23,00,000/- and M/s JLPL Infrastructure) Smt. Jasawant Kaur 2007-08 2,50,000/- (w/o Mr. Kulwant 2009-10 2,20,33,720/- Singh) 2010-11 60,00,000/- 2011-12 85,00,000/- 4. Thereafter, a search and seizure operation

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)

2] Substituted sub-section (1) vide The Taxation Laws (Second Amendment) Act, 2016, Effective from 1-4-2017. Before substitution, it read as under: (1) Where the total income of an assessee includes any income referred to in section 68, section 69, section 69A, section 69B, section 69C or section 69D, the income

JAMNA DASS NIKKAMAL JAIN SARAF PRIVATE LIMITED, LUDHIANA,LUDHIANA vs. THE DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE 1, LUDHIANA, LUDHIANA

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

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

68,78,906 Table 2 5,81,99,126 Table 3 4,15,99,065 Table 4 5,90,85,926 Table 5 6,13,95,026 Table 7 6,48,54,173 Table 8 1,87,18,474 Table 9 67,94,892 Page no 44 of A-3 12,80,679 Page

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, LUDHIANA, LUDHIANA vs. M/S JAMNA DASS NIKKAMAL JAIN SARAF PVT. LTD., LUDHIANA

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

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

68,78,906 Table 2 5,81,99,126 Table 3 4,15,99,065 Table 4 5,90,85,926 Table 5 6,13,95,026 Table 7 6,48,54,173 Table 8 1,87,18,474 Table 9 67,94,892 Page no 44 of A-3 12,80,679 Page

SH. KASHMIR SINGH SANDHA,SIRSA vs. PCIT, ROHTAK

In the result, all the above appeals filed by the respective assessee’s are dismissed

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

section 2 of section 56, clause(iv) in section 57 and clause (b) in Section 145A w.e.f. 01.04.2010. From the assessment year 2010-11 onwards, the amount of compensation or enhanced compensation is taxable as "income from other sources" after allowing deduction of a sum equal to 50% of such income in the year of receipt

SH. ARVAIL SINGH,SIRSA vs. PCIT, ROHTAK

In the result, all the above appeals filed by the respective assessee’s are dismissed

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

section 2 of section 56, clause(iv) in section 57 and clause (b) in Section 145A w.e.f. 01.04.2010. From the assessment year 2010-11 onwards, the amount of compensation or enhanced compensation is taxable as "income from other sources" after allowing deduction of a sum equal to 50% of such income in the year of receipt

SH. PARAMJEET SINGH,SIRSA vs. PCIT, ROHTAK

In the result, all the above appeals filed by the respective assessee’s are dismissed

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

section 2 of section 56, clause(iv) in section 57 and clause (b) in Section 145A w.e.f. 01.04.2010. From the assessment year 2010-11 onwards, the amount of compensation or enhanced compensation is taxable as "income from other sources" after allowing deduction of a sum equal to 50% of such income in the year of receipt

M/S GANESH DASS HUF,SIRSA vs. PCIT, ROHTAK

In the result, all the above appeals filed by the respective assessee’s are dismissed

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

section 2 of section 56, clause(iv) in section 57 and clause (b) in Section 145A w.e.f. 01.04.2010. From the assessment year 2010-11 onwards, the amount of compensation or enhanced compensation is taxable as "income from other sources" after allowing deduction of a sum equal to 50% of such income in the year of receipt

SURJEET SINGH,SIRSA vs. PCIT, ROHTAK, ROHTAK

In the result, all the above appeals filed by the respective assessee’s are dismissed

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

section 2 of section 56, clause(iv) in section 57 and clause (b) in Section 145A w.e.f. 01.04.2010. From the assessment year 2010-11 onwards, the amount of compensation or enhanced compensation is taxable as "income from other sources" after allowing deduction of a sum equal to 50% of such income in the year of receipt

DHUNI CHAND HUF,SIRSA vs. PCIT, ROHTAK

In the result, all the above appeals filed by the respective assessee’s are dismissed

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

section 2 of section 56, clause(iv) in section 57 and clause (b) in Section 145A w.e.f. 01.04.2010. From the assessment year 2010-11 onwards, the amount of compensation or enhanced compensation is taxable as "income from other sources" after allowing deduction of a sum equal to 50% of such income in the year of receipt