SHRI KRISHAN KUMAR JALAN,BANGALORE vs. ITO, W-1, SIRSA

In the result appeal of the assessee is dismissed

transferred to the\nbeneficiaries at a very nominal price mostly off line through preferential\nallotment or offline sale to save STT.\n2.12 The beneficiary individuals were made to hold the shares for a\nminimum period of one year, the statutory period after which LTCG is\nexempt under the provisions of Section 10(38) of the Income Tax Act,\n1961.\n2.13

SH. ABHIMANYU SOIN,LUDHIANA vs. ACIT, LUDHIANA

In the result, appeal of the Assessee is dismissed

Bench: Shri. Sanjay Garg, Judicial, Member & Dr. B.R.R. Kumarassessment Year: 2011-12

801 (SC). It was held in this case that in view of Section 68, where any sum is found credited in the books of the assessee for any previous year, the same may be charged to income-tax as the income of the assessee of the previous year if the explanation offered by the assessee about the nature and source

SH. VIBHAV JAIN,LUDHIANA vs. DCIT, CC-III, LUDHIANA

In the result, the ground no

Bench: SHRI. SANJAY GARG (Judicial Member), SHRI. VIKRAM SINGH YADAV (Accountant Member)

transfer certificate is mentioned on the back of these certificates, which is in the name of assessee. i) The AO has not seized any incriminating material during search and making additions on account of sale of shares is against the Principles of Income Tax Laws. 4.11 It was submitted that the above facts clearly show that

SH. BIPAN JAIN,LUDHIANA vs. DCIT, CC-III, LUDHIANA

In the result, the ground no

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

transfer certificate is mentioned on the back of these certificates, which is in the name of assessee. i) The AO has not seized any incriminating material during search and making additions on account of sale of shares is against the Principles of Income Tax Laws. 5.11 It was submitted that the above facts clearly show that

SH. ASHISH JAIN,LUDHIANA vs. DCIT, CC-III, LUDHIANA

In the result, the ground no

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

transfer certificate is mentioned on the back of these certificates, which is in the name of assessee. i) The AO has not seized any incriminating material during search and making additions on account of sale of shares is against the Principles of Income Tax Laws. 5.11 It was submitted that the above facts clearly show that

SH. ASHISH JAIN,LUDHIANA vs. DCIT, CC-III, LUDHIANA

In the result, the ground no

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

transfer certificate is mentioned on the back of these certificates, which is in the name of assessee. i) The AO has not seized any incriminating material during search and making additions on account of sale of shares is against the Principles of Income Tax Laws. 5.11 It was submitted that the above facts clearly show that

SH. AKHIL JAIN,LUDHIANA vs. DCIT, CC-III, LUDHIANA

In the result, the ground no

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

transfer certificate is mentioned on the back of these certificates, which is in the name of assessee. i) The AO has not seized any incriminating material during search and making additions on account of sale of shares is against the Principles of Income Tax Laws. 5.11 It was submitted that the above facts clearly show that

ITO, LUDHIANA vs. SH. PARDEEP AGGARWAL, LUDHIANA

In the result, the appeal of the Revenue is dismissed

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumarassessment Year: 2010-11

transferred. 16. The Assessing Officer has also doubted the genuineness of the company. The shares purchased were of the company BND Limited, which later got amalgamated with M/s Vindus Holding Limited. The amalgamation has been executed by the order of the High Court. The copy of the High Court's order is on record. In these circumstances how the genuineness