CIT v. Safe Decore (P) Ltd.

90 Taxmann.com 161Income Tax Appellate Tribunal2018#16216 most cited

judgments rely on this decision, according to BharatTax’s citation analysis of 366,314 Indian tax judgments — from 2022 to 2025.

Sections most often in play

Section 11UA Section 142(1)Section 143(2)Section 143(3)Section 56(2)(viib)

Issues it is cited on

nav method dcf method section 56(2)(viib)section 56(2)fair market value section 56 income from other sources transfer prescribed person company section 143(3)

Judgments citing CIT v. Safe Decore (P) Ltd.

Raajratna Energy Holdings Private Limited, Hyderabad vs. Deputy Commissioner of Income Tax, Central Circle-2(2), Bangalore

ITA 1185/BANG/2025[2018-19]Status: DisposedITAT Bangalore11 Aug 2025AY 2018-19

Bench: Shri. Laxmi Prasad Sahu & Shri. Soundararajan K

For Appellant: Shri. Ramesh Babu, CAFor Respondent: Shri. Swaroop Manava, Addl. CIT(DR)(ITAT), Bangalore

Section 14ASection 56(2)Section 56(2)(viib)

…INCOME TAX APPELLATE TRIBUNAL "B" BENCH : BANGALORE BEFORE SHRI. LAXMI PRASAD SAHU, ACCOUNTANT MEMBER AND SHRI. SOUNDARARAJAN K, JUDICIAL MEMBER ITA Nos.1184, 1185/Bang/2025 Assessment Years : 2017-18, 2018-19 M/s Raajratna Energy Holdings Pvt. Vs. ITO, Ltd Plot No 304, Level 3, Surya Chakra House, Road No 78, Jubilee Hills, Hyderabad - 500033. PAN : AAECM 6049 G APPELLANT Ward -3(2)(3), Bangalore. RESPONDENT Assessee by : Shri. Ramesh Babu, CA Revenue by : Shri. Swaroop Manava, Addl. CIT(DR)(ITAT), Bangalore. Date of hearing : 07.08.2025 Date of Pronouncement: 11=.09.2025 ORDER Per Laxmi Prasad Sahu, Accountant…

Holiday Triangle Travel Private Limited, Gurgaon vs. Income Tax Officer, Jaipur

In the result, appeal of the assessee is allowed

ITA 67/JPR/2024[2014-15]Status: DisposedITAT Jaipur20 Jan 2025AY 2014-15

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI GAGAN GOYAL (Accountant Member)

For Appellant: Shri Dilip Shivpuri, Advocate &For Respondent: Shri Gautam Singh Choudhary, JCIT

Section 142(1)Section 143(2)Section 250Section 56(2)(viib)

…IN THE INCOME TAX APPELLATE TRIBUNAL, JAIPUR BENCHES,”SMC” JAIPUR BEFORE: DR. S. SEETHALAKSHMI, JM & SHRI GAGAN GOYAL, AM vk;dj vihy la-@ITA No. 67/JPR/2024 fu/kZkj.k o"kZ@Assessment Year : 2014-15 cuke Holiday Triangle Travel Pvt. Ltd., The Income Tax Officer, Plot No. 52, 3rd Floor, Batra House, Vs. Ward 7(3) Sector-32, Jaipur. Gurgaon. (Haryana) LFkk;hys[kk la-@thvkbZvkj la-@PAN/GIR No. AACCH 7688 E vihykFkhZ@Appellant izR;FkhZ@Respondent fu/kZkfjrh dh vksj ls@Assesseeby : Shri Dilip Shivpuri, Advocate & Shri Utkarsh Shara, Advocate jktLo dh vksj ls@ Revenue by : Shri Gautam Singh Choudhary, JCIT lquokbZ dh…

ITO Ward - 23(1), New Delhi vs. Shradha Mh One Tv Network Pvt Ltd, New Delhi

In the result, appeal of the Revenue is dismissed

ITA 960/DEL/2020[2016-17]Status: DisposedITAT Delhi19 Jul 2022AY 2016-17

Bench: Shri Anil Chaturvedi & Ms. Astha Chandra

For Appellant: Sh Vinod Kumar Bindal, C.A. &For Respondent: Ms. Sunita Singh, CIT-DR

Section 143(3)Section 56(2)(vii)Section 56(2)(viib)

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCHES “G” : DELHI BEFORE SHRI ANIL CHATURVEDI, ACCOUNTANT MEMBER AND MS. ASTHA CHANDRA, JUDICIAL MEMBER ITA.No.960/Del./2020 Assessment Year 2016-2017 The Income Tax Officer, M/s. Shardha MH One TV Network Pvt. Ltd., 6, SSI Room No.234, 2nd vs. Industrial Area, GT Karnal Floor, C.R. Building, Road, New Delhi–110 033. I.P. Estate, New Delhi PAN AAOCS4566Q PIN 110 002. (Appellant) (Respondent) For Assessee : Sh Vinod Kumar Bindal, C.A. & Ms. Rinky Sharma, ITP For Revenue : Ms. Sunita Singh, CIT-DR Date of Hearing : 13.07.2022 Date of Pronouncement : 19.07.2022 ORDER…

Jci (OSD), Corporate Circle -1(1), Chennai vs. M/S. Archean Chemical Industries Pvt. Ltd., Chennai

ITA 723/CHNY/2020[2013-14]Status: DisposedITAT Chennai22 Jun 2022AY 2013-14

Bench: Shri V. Durga Rao & Shri G. Manjunatha

For Appellant: Mr. S,Sridhar, Advocate

Section 56(2)(viib)

…आयकर अपील"य अ"धकरण, ’ बी’ "याय पीठ ,चे"नई IN THE INCOME TAX APPELLATE TRIBUNAL , ‘B’ BENCH, CHENNAI "ी वी. दुगा" राव, "या"यक सद"य एवं "ी जी . मंजुनाथ, लेखा सद"य के सम# BEFORE SHRI V. DURGA RAO, JUDICIAL MEMBER AND SHRI G. MANJUNATHA, ACCOUNTANT MEMBER आयकर अपीलसं./ I.T.A. Nos.1998/Chny/2019 & 723/Chny/2020 ("नधा"रणवष" / Assessment Years: 2014-15 & 2013-14) The Deputy Commissioner of Income Vs M/s. Archean Chemical Tax, / JCIT (OSD), Industries Pvt.Ltd. 5th floor, Tower 2 TVH Beliciaa Corporate Circle-1(1), Chennai-34. Towers, MRC Nagar, R.A Puram, Chennai-600 028. PAN:AAHCA 8471D (अपीलाथ"/Appellant) (""यथ"/R…

DCIT, CC - 1 (1), Chennai vs. M/S. Archean Chemical Industries Pvt. Ltd., Chennai

ITA 1998/CHNY/2019[2014-15]Status: DisposedITAT Chennai22 Jun 2022AY 2014-15

Bench: Shri V. Durga Rao & Shri G. Manjunatha

For Appellant: Mr. S,Sridhar, Advocate

Section 56(2)(viib)

DCIT Circle-15 (3), Mumbai vs. M/S Rankin Infrastructure Pvt Ltd., Mumbai

In the result, Ground No. 2 and 3 raised by the revenue are dismissed

ITA 7288/MUM/2019[2015-16]Status: DisposedITAT Mumbai22 Apr 2022AY 2015-16

Bench: Shri Amarjit Singh, Hon'Ble & Shri S. Rifaur Rahman, Hon'Bledcit – Circle – 15(3)(1) V. M/S. Rankin Infrastructure Pvt. Ltd., Room No. 451, 4Th Floor Next To Classic Marble Aayakar Bhavan, M.K. Road Subash Nagar Road, Bhandup (E) Mumbai - 400020 Mumbai -400078 Pan: Aafcs5275B (Appellant) (Respondent) Assessee By : Shri Rajiv Khandelwal Department By : Shri T. Shankar

For Appellant: Shri Rajiv KhandelwalFor Respondent: Shri T. Shankar

Section 56(2)(viib)

…ng Glass (P.) Ltd. vs [TO [2018] 96 taxmann.com 542 (Jaipur - Trib.).  DCIT vs M/s Ozoneland Agro Pvt Ltd. ITA No. 4854/Mum/2016 dated 02-05-2018  Medplus Health Services (P) Ltd. vs ITO (2016) 68 Taxmann.com 29 (Hyd ITAT)  ACIT vs Safe Décor P Ltd. (2018) 90 Taxmann.com 161 (Jaipur ITAT) 12. Thus the aforesaid reasoning’s given by the learned AO in the Remand report to object the assertions in the “Valuation report” is devoid of any merits. Accordingly, we request your honour to admit the aforesaid Valuation Report as “Additional evidence” and accept the valuation provided thereunder. 4.5. Apart from the abov…