46/228 Taxman 88 (Delhi) (Mag.); (ii) CIT v. Globus Securities & Finance Pvt. Ltd.

224 Taxmann 237High Court2014#3422 most cited

What is 46/228 Taxman 88 (Delhi) (Mag.); (ii) CIT v. Globus Securities & Finance Pvt. Ltd. authority for?

Cases involving share capital are distinguishable if the transactions were solely book adjustments and not actual cash receipts.

35

judgments rely on this decision, according to BharatTax’s citation analysis of 366,005 Indian tax judgments — from 2018 to 2025.

Also referred to as

CIT v. Globus Securities & Finance Pvt. Ltd. · section 68 · share capital · share premium · cash credits · book adjustment · actual receipt · creditworthiness of creditor · source of source

Also reported as

41 Taxmann.com 465

Issues it is cited on

section 31paper companyshare capital and share premiumsection 251(2)source of sourcecreditworthiness of the creditorsection 251(1)(a)live linkadmission of additional evidenceentry operatorshare application moneyaddition u/s 68

Judgments citing 46/228 Taxman 88 (Delhi) (Mag.); (ii) CIT v. Globus Securities & Finance Pvt. Ltd.

ITO, New Delhi vs. M/S Stylish Construction Pvt. Ltd., New Delhi

ITA 5744/DEL/2016[2012-13]Status: DisposedITAT Delhi18 Mar 2021AY 2012-13

Bench: Shri Amit Shukla & Shri Prashant Maharishi

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “C” NEW DELHI BEFORE SHRI AMIT SHUKLA, JUDICIAL MEMBER & SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER I.T.A. No.4691/DEL/2016 Assessment Year 2012-13 Income Tax Officer, v. M/s. Angel Cement Pvt. Ltd., Ward-2(4), 58, 1st Floor, Jaipuria New Delhi. Enclave, Kaushambi, Ghaziabad. TAN/PAN: AAHCA6602J (Appellant) (Respondent) I.T.As. No.5974/DEL/2017 & 6401/DEL/2017 Assessment Years 2012-13 & 2014-15 Income Tax Officer, v. M/s. Delight Resorts Pvt. Ward-7(1), Ltd., New Delhi. F-1-200/13, Sector-3A, Vaishali, Ghaziabad. TAN/PAN: AAACE0061C (Appellant) (Respondent) I…

ITO, New Delhi vs. M/S. Sukhna Real Estate Pvt. Ltd., Ghaziabad

ITA 5742/DEL/2016[2012-13]Status: DisposedITAT Delhi18 Mar 2021AY 2012-13

Bench: Shri Amit Shukla & Shri Prashant Maharishi

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “C” NEW DELHI BEFORE SHRI AMIT SHUKLA, JUDICIAL MEMBER & SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER I.T.A. No.4691/DEL/2016 Assessment Year 2012-13 Income Tax Officer, v. M/s. Angel Cement Pvt. Ltd., Ward-2(4), 58, 1st Floor, Jaipuria New Delhi. Enclave, Kaushambi, Ghaziabad. TAN/PAN: AAHCA6602J (Appellant) (Respondent) I.T.As. No.5974/DEL/2017 & 6401/DEL/2017 Assessment Years 2012-13 & 2014-15 Income Tax Officer, v. M/s. Delight Resorts Pvt. Ward-7(1), Ltd., New Delhi. F-1-200/13, Sector-3A, Vaishali, Ghaziabad. TAN/PAN: AAACE0061C (Appellant) (Respondent) I…

ITO, New Delhi vs. M/S. Sukhna Steel Pvt. Ltd., New Delhi

ITA 5741/DEL/2016[2012-13]Status: DisposedITAT Delhi18 Mar 2021AY 2012-13

Bench: Shri Amit Shukla & Shri Prashant Maharishi

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “C” NEW DELHI BEFORE SHRI AMIT SHUKLA, JUDICIAL MEMBER & SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER I.T.A. No.4691/DEL/2016 Assessment Year 2012-13 Income Tax Officer, v. M/s. Angel Cement Pvt. Ltd., Ward-2(4), 58, 1st Floor, Jaipuria New Delhi. Enclave, Kaushambi, Ghaziabad. TAN/PAN: AAHCA6602J (Appellant) (Respondent) I.T.As. No.5974/DEL/2017 & 6401/DEL/2017 Assessment Years 2012-13 & 2014-15 Income Tax Officer, v. M/s. Delight Resorts Pvt. Ward-7(1), Ltd., New Delhi. F-1-200/13, Sector-3A, Vaishali, Ghaziabad. TAN/PAN: AAACE0061C (Appellant) (Respondent) I…

ITO, New Delhi vs. M/S. Sunlight Tour and Travels Pvt. Ltd., Sahibabad

ITA 5740/DEL/2016[2012-13]Status: DisposedITAT Delhi18 Mar 2021AY 2012-13

Bench: Shri Amit Shukla & Shri Prashant Maharishi

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “C” NEW DELHI BEFORE SHRI AMIT SHUKLA, JUDICIAL MEMBER & SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER I.T.A. No.4691/DEL/2016 Assessment Year 2012-13 Income Tax Officer, v. M/s. Angel Cement Pvt. Ltd., Ward-2(4), 58, 1st Floor, Jaipuria New Delhi. Enclave, Kaushambi, Ghaziabad. TAN/PAN: AAHCA6602J (Appellant) (Respondent) I.T.As. No.5974/DEL/2017 & 6401/DEL/2017 Assessment Years 2012-13 & 2014-15 Income Tax Officer, v. M/s. Delight Resorts Pvt. Ward-7(1), Ltd., New Delhi. F-1-200/13, Sector-3A, Vaishali, Ghaziabad. TAN/PAN: AAACE0061C (Appellant) (Respondent) I…

ITO, New Delhi vs. M/S. Sintex Consumers Electronics Pvt. Ltd., Delhi

ITA 5736/DEL/2016[2012-13]Status: DisposedITAT Delhi18 Mar 2021AY 2012-13

Bench: Shri Amit Shukla & Shri Prashant Maharishi

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “C” NEW DELHI BEFORE SHRI AMIT SHUKLA, JUDICIAL MEMBER & SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER I.T.A. No.4691/DEL/2016 Assessment Year 2012-13 Income Tax Officer, v. M/s. Angel Cement Pvt. Ltd., Ward-2(4), 58, 1st Floor, Jaipuria New Delhi. Enclave, Kaushambi, Ghaziabad. TAN/PAN: AAHCA6602J (Appellant) (Respondent) I.T.As. No.5974/DEL/2017 & 6401/DEL/2017 Assessment Years 2012-13 & 2014-15 Income Tax Officer, v. M/s. Delight Resorts Pvt. Ward-7(1), Ltd., New Delhi. F-1-200/13, Sector-3A, Vaishali, Ghaziabad. TAN/PAN: AAACE0061C (Appellant) (Respondent) I…

ITO, New Delhi vs. M/S. Supreme Placement Services Pvt. Ltd., New Delhi

ITA 5650/DEL/2016[2012-13]Status: DisposedITAT Delhi18 Mar 2021AY 2012-13

Bench: Shri Amit Shukla & Shri Prashant Maharishi

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “C” NEW DELHI BEFORE SHRI AMIT SHUKLA, JUDICIAL MEMBER & SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER I.T.A. No.4691/DEL/2016 Assessment Year 2012-13 Income Tax Officer, v. M/s. Angel Cement Pvt. Ltd., Ward-2(4), 58, 1st Floor, Jaipuria New Delhi. Enclave, Kaushambi, Ghaziabad. TAN/PAN: AAHCA6602J (Appellant) (Respondent) I.T.As. No.5974/DEL/2017 & 6401/DEL/2017 Assessment Years 2012-13 & 2014-15 Income Tax Officer, v. M/s. Delight Resorts Pvt. Ward-7(1), Ltd., New Delhi. F-1-200/13, Sector-3A, Vaishali, Ghaziabad. TAN/PAN: AAACE0061C (Appellant) (Respondent) I…

ITO, New Delhi vs. M/S Angel Cement Pvt. Ltd., Ghaziabad

ITA 4691/DEL/2016[2012-13]Status: DisposedITAT Delhi18 Mar 2021AY 2012-13

Bench: Shri Amit Shukla & Shri Prashant Maharishi

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “C” NEW DELHI BEFORE SHRI AMIT SHUKLA, JUDICIAL MEMBER & SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER I.T.A. No.4691/DEL/2016 Assessment Year 2012-13 Income Tax Officer, v. M/s. Angel Cement Pvt. Ltd., Ward-2(4), 58, 1st Floor, Jaipuria New Delhi. Enclave, Kaushambi, Ghaziabad. TAN/PAN: AAHCA6602J (Appellant) (Respondent) I.T.As. No.5974/DEL/2017 & 6401/DEL/2017 Assessment Years 2012-13 & 2014-15 Income Tax Officer, v. M/s. Delight Resorts Pvt. Ward-7(1), Ltd., New Delhi. F-1-200/13, Sector-3A, Vaishali, Ghaziabad. TAN/PAN: AAACE0061C (Appellant) (Respondent) I…

Blooming Tradelink (P) Ltd., Kolkata vs. ITO, Ward - 10(1), Kolkata

In the result, appeal of assessee is allowed

ITA 2691/KOL/2018[2012-13]Status: DisposedITAT Kolkata28 Feb 2020AY 2012-13

Bench: Shri A. T. Varkey, Jm & Dr. A.L. Saini, Am]

Section 133(6)Section 68

…आयकर अपील"य अधीकरण, "यायपीठ – “C” कोलकाता, IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH: KOLKATA (सम" "ी ए.ट". वक", "या"यक सद"य एवं डॉ ए.एल. सैनी, लेखा सद"य) [Before Shri A. T. Varkey, JM & Dr. A.L. Saini, AM] I.T.A. No. 2691/Kol/2018 Assessment Year: 2012-13 Blooming Tradelink Pvt. Ltd. Vs. Income-tax Officer, Ward-10(1), Kolkata (PAN: AAECB5584F) Appellant Respondent For the Appellant Shri Subash Agarwal, Advocate For the Respondent Shri Supriyo Pal, JCIT, DR Date of Hearing 04.02.2020 Date of Pronouncement 28.02.2020 ORDER Per Shri A.T.Varkey, JM: This is an appeal preferred by the assessee against the…

M/S. Tara Mercantile Pvt. Ltd., New Delhi vs. DCIT, New Delhi

In the result, the Appeal filed by the Assessee stands allowed

ITA 1572/DEL/2017[2011-12]Status: DisposedITAT Delhi12 Jul 2019AY 2011-12

Bench: Shri H.S. Sidhu & Shri B.R.R. Kumar

For Appellant: Sh. Gautam Jain, AdvFor Respondent: Sh. S.S. Rana, CIT(DR)
Section 142(1)Section 143(2)Section 143(3)Section 56(2)(viib)Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “G”, NEW DELHI BEFORE SHRI H.S. SIDHU, JUDICIAL MEMBER AND SHRI B.R.R. KUMAR, ACCOUNTANT MEMBER I.T.A. No. 1572/DEL/2017 A.Y. : 2011-12 M/S TARA MERCANTILE PVT. LTD. VS. DCIT, CIRCLE 16(1), 314-315, PP TOWER, NEW DELHI NETAJI SUBHASH PLACE, PITAMPURA, NEW DELHI – 34 (PAN: AAACT2680C) (APPELLANT) (RESPONDENT) Assessee By : Sh. Gautam Jain, Adv. Department By : Sh. S.S. Rana, CIT(DR) ORDER PER H.S. SIDHU : JM This appeal by the Assessee is directed against the impugned order dated 19.1.2017 passed by the Ld. CIT(A)-9, New Delhi on the following grounds:- 1. The…

M/S Abhijeet Enterprise Ltd., Kolkata vs. ITO, Ward 2(2), Kolkata

In the result the appeal of the assessee is allowed for statistical purpose

ITA 308/KOL/2017[2013-14]Status: DisposedITAT Kolkata27 Mar 2019AY 2013-14

Bench: Shri A. T. Varkey, Jm & Dr. A. L. Saini, Am]

Section 68

…1 Abhijeet Enterprise Ltd. , AY 2013-14 आयकर अपील"य अधीकरण, "यायपीठ – “C” कोलकाता, IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH: KOLKATA (सम") "ी ऐ. ट". वक", "यायीक सद"य एवं डॉ. अजु"न लाल सैनी, लेखा सद"य) [Before Shri A. T. Varkey, JM & Dr. A. L. Saini, AM] I.T.A. No. 308/Kol/2017 Assessment Years: 2013-14 M/s. Abhijeet Enterprise Ltd. Vs. Income-tax Officer, Wd-2(2), Kolkata (PAN: AAJCA4713C) Appellant Respondent For the Appellant Shri M. D. Shah, AR For the Respondent Shri P. K. Srihari, CIT, DR Date of Hearing 08.03.2019 Date of Pronouncement 27.03.2019 ORDER Per Shri A.T.Varkey, JM This appeal of t…

ITO, Ward-10(1), Kolkata vs. M/S Sunglow Dealcom Private Limited, Kolkata

In the result, appeal of the revenue is dismissed

ITA 2178/KOL/2016[2012-13]Status: DisposedITAT Kolkata16 Nov 2018AY 2012-13

Bench: Sri J. Sudhakar Reddy & Sri S.S. Viswanethra Ravi) Assessment Year: 2012-13 Income Tax Officer, Ward-10(1), Kolkata.……......……......………………..……….…….…............Appellant Vs. M/S. Sunglow Dealcom Private Limited……..........…………..……………….…...……..….…......Respondent 3Rd Floor 89, N.S. Road Kolkata – 700 001 [Pan : Aadcs 7562 F]

Section 133(6)Section 250Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA ‘D’ BENCH, KOLKATA (Before Sri J. Sudhakar Reddy, Accountant Member & Sri S.S. Viswanethra Ravi, Judicial Member) Assessment Year: 2012-13 Income Tax Officer, Ward-10(1), Kolkata.……......……......………………..……….…….…............Appellant Vs. M/s. Sunglow Dealcom Private Limited……..........…………..……………….…...……..….…......Respondent 3rd Floor 89, N.S. Road Kolkata – 700 001 [PAN : AADCS 7562 F] Appearances by: Shri S.M. Surana, Advocate, appeared on behalf of the assessee. Shri C.J. Singh, Sr. D/R. appearing on behalf of the Revenue. Date of concluding the hearing : Octobe…

M/S. Superb Developers Pvt. Ltd., New Delhi vs. DCIT, New Delhi

ITA 403/DEL/2015[2011-12]Status: DisposedITAT Delhi09 Jul 2018AY 2011-12

Bench: Shri N. K. Saini & Ms. Suchitra Kambleacit Vs Superb Developers (P) Ltd. Central Circle-3 Wz-183, F. F. Lance No. 4 New Delhi Lajwanti Garden New Delhi Aaics4437L (Appellant) (Respondent) Acit Vs Superb Developers (P) Ltd. Central Circle-3 Wz-183, F. F. Lance No. 4 New Delhi Lajwanti Garden New Delhi Aaics4437L (Appellant) (Respondent) Acit Vs Superb Developers (P) Ltd. Central Circle-3 Wz-183, F. F. Lance No. 4 New Delhi Lajwanti Garden New Delhi Aaics4437L (Appellant) (Respondent) Superb Developers (P) Ltd. Vs Dcit Wz-183, F. F. Lance No. 4 Central Circle-3 Lajwanti Garden New Delhi New Delhi Aaics4437L (Appellant) (Respondent)

Section 132Section 133Section 143(2)Section 153ASection 68

…1ITA Nos. 54/Del/2014 & Ors IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: ‘G’ NEW DELHI BEFORE SHRI N. K. SAINI, ACCOUNTANT MEMBER AND MS. SUCHITRA KAMBLE, JUDICIAL MEMBER ACIT Vs Superb Developers (P) Ltd. Central Circle-3 WZ-183, F. F. Lance No. 4 New Delhi Lajwanti Garden New Delhi AAICS4437L (APPELLANT) (RESPONDENT) ACIT Vs Superb Developers (P) Ltd. Central Circle-3 WZ-183, F. F. Lance No. 4 New Delhi Lajwanti Garden New Delhi AAICS4437L (APPELLANT) (RESPONDENT) ACIT Vs Superb Developers (P) Ltd. Central Circle-3 WZ-183, F. F. Lance No. 4 New Delhi Lajwanti Garden New Delhi AAICS4437L (APPELLANT) (R…

ACIT, New Delhi vs. M/S. Superb Developers (P) Ltd., New Delhi

ITA 56/DEL/2014[2010-11]Status: DisposedITAT Delhi09 Jul 2018AY 2010-11

Bench: Shri N. K. Saini & Ms. Suchitra Kambleacit Vs Superb Developers (P) Ltd. Central Circle-3 Wz-183, F. F. Lance No. 4 New Delhi Lajwanti Garden New Delhi Aaics4437L (Appellant) (Respondent) Acit Vs Superb Developers (P) Ltd. Central Circle-3 Wz-183, F. F. Lance No. 4 New Delhi Lajwanti Garden New Delhi Aaics4437L (Appellant) (Respondent) Acit Vs Superb Developers (P) Ltd. Central Circle-3 Wz-183, F. F. Lance No. 4 New Delhi Lajwanti Garden New Delhi Aaics4437L (Appellant) (Respondent) Superb Developers (P) Ltd. Vs Dcit Wz-183, F. F. Lance No. 4 Central Circle-3 Lajwanti Garden New Delhi New Delhi Aaics4437L (Appellant) (Respondent)

Section 132Section 133Section 143(2)Section 153ASection 68

…1ITA Nos. 54/Del/2014 & Ors IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: ‘G’ NEW DELHI BEFORE SHRI N. K. SAINI, ACCOUNTANT MEMBER AND MS. SUCHITRA KAMBLE, JUDICIAL MEMBER ACIT Vs Superb Developers (P) Ltd. Central Circle-3 WZ-183, F. F. Lance No. 4 New Delhi Lajwanti Garden New Delhi AAICS4437L (APPELLANT) (RESPONDENT) ACIT Vs Superb Developers (P) Ltd. Central Circle-3 WZ-183, F. F. Lance No. 4 New Delhi Lajwanti Garden New Delhi AAICS4437L (APPELLANT) (RESPONDENT) ACIT Vs Superb Developers (P) Ltd. Central Circle-3 WZ-183, F. F. Lance No. 4 New Delhi Lajwanti Garden New Delhi AAICS4437L (APPELLANT) (R…

ACIT, New Delhi vs. M/S. Superb Developers (P) Ltd., New Delhi

ITA 55/DEL/2014[2009-10]Status: DisposedITAT Delhi09 Jul 2018AY 2009-10

Bench: Shri N. K. Saini & Ms. Suchitra Kambleacit Vs Superb Developers (P) Ltd. Central Circle-3 Wz-183, F. F. Lance No. 4 New Delhi Lajwanti Garden New Delhi Aaics4437L (Appellant) (Respondent) Acit Vs Superb Developers (P) Ltd. Central Circle-3 Wz-183, F. F. Lance No. 4 New Delhi Lajwanti Garden New Delhi Aaics4437L (Appellant) (Respondent) Acit Vs Superb Developers (P) Ltd. Central Circle-3 Wz-183, F. F. Lance No. 4 New Delhi Lajwanti Garden New Delhi Aaics4437L (Appellant) (Respondent) Superb Developers (P) Ltd. Vs Dcit Wz-183, F. F. Lance No. 4 Central Circle-3 Lajwanti Garden New Delhi New Delhi Aaics4437L (Appellant) (Respondent)

Section 132Section 133Section 143(2)Section 153ASection 68

…1ITA Nos. 54/Del/2014 & Ors IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: ‘G’ NEW DELHI BEFORE SHRI N. K. SAINI, ACCOUNTANT MEMBER AND MS. SUCHITRA KAMBLE, JUDICIAL MEMBER ACIT Vs Superb Developers (P) Ltd. Central Circle-3 WZ-183, F. F. Lance No. 4 New Delhi Lajwanti Garden New Delhi AAICS4437L (APPELLANT) (RESPONDENT) ACIT Vs Superb Developers (P) Ltd. Central Circle-3 WZ-183, F. F. Lance No. 4 New Delhi Lajwanti Garden New Delhi AAICS4437L (APPELLANT) (RESPONDENT) ACIT Vs Superb Developers (P) Ltd. Central Circle-3 WZ-183, F. F. Lance No. 4 New Delhi Lajwanti Garden New Delhi AAICS4437L (APPELLANT) (R…

ACIT, New Delhi vs. M/S. Superb Developers (P) Ltd., New Delhi

ITA 54/DEL/2014[2008-09]Status: DisposedITAT Delhi09 Jul 2018AY 2008-09

Bench: Shri N. K. Saini & Ms. Suchitra Kambleacit Vs Superb Developers (P) Ltd. Central Circle-3 Wz-183, F. F. Lance No. 4 New Delhi Lajwanti Garden New Delhi Aaics4437L (Appellant) (Respondent) Acit Vs Superb Developers (P) Ltd. Central Circle-3 Wz-183, F. F. Lance No. 4 New Delhi Lajwanti Garden New Delhi Aaics4437L (Appellant) (Respondent) Acit Vs Superb Developers (P) Ltd. Central Circle-3 Wz-183, F. F. Lance No. 4 New Delhi Lajwanti Garden New Delhi Aaics4437L (Appellant) (Respondent) Superb Developers (P) Ltd. Vs Dcit Wz-183, F. F. Lance No. 4 Central Circle-3 Lajwanti Garden New Delhi New Delhi Aaics4437L (Appellant) (Respondent)

Section 132Section 133Section 143(2)Section 153ASection 68

…1ITA Nos. 54/Del/2014 & Ors IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: ‘G’ NEW DELHI BEFORE SHRI N. K. SAINI, ACCOUNTANT MEMBER AND MS. SUCHITRA KAMBLE, JUDICIAL MEMBER ACIT Vs Superb Developers (P) Ltd. Central Circle-3 WZ-183, F. F. Lance No. 4 New Delhi Lajwanti Garden New Delhi AAICS4437L (APPELLANT) (RESPONDENT) ACIT Vs Superb Developers (P) Ltd. Central Circle-3 WZ-183, F. F. Lance No. 4 New Delhi Lajwanti Garden New Delhi AAICS4437L (APPELLANT) (RESPONDENT) ACIT Vs Superb Developers (P) Ltd. Central Circle-3 WZ-183, F. F. Lance No. 4 New Delhi Lajwanti Garden New Delhi AAICS4437L (APPELLANT) (R…