CIT v. Ultra Modern Exports (P.) Ltd.

40 Taxmann.com 458High Court2013#760 most cited

What is CIT v. Ultra Modern Exports (P.) Ltd. authority for?

An addition under Section 68 for cash credits like share capital or premium cannot be sustained if the assessee provides the identity, creditworthiness, and genuineness of the transaction, and the Assessing Officer fails to conduct further enquiries into the 'source of source' or the ultimate source of funds of the investor/creditor.

135

judgments rely on this decision, according to BharatTax’s citation analysis of 366,470 Indian tax judgments — from 2016 to 2025.

Also referred to as

CIT v. Ultra Modern Exports (P.) Ltd. · Ultra Modern Exports · Section 68 · share capital · share premium · cash credit · unexplained money · source of source · creditworthiness · genuineness · assessee's burden · Assessing Officer's duty

Also reported as

220 Taxmann 165

Sections most often in play

Section 143(3)Section 68Section 131Section 132(4)Section 133(6)Section 147Section 133ASection 153A
Read the full judgment

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 CIT v. Ultra Modern Exports (P.) Ltd.

M/S. Gee Ispat Pvt. Ltd., New Delhi vs. ACIT, New Delhi

In the result, the appeals of the assessee are allowed and that of the department are dismissed

ITA 5424/DEL/2014[2005-06]Status: DisposedITAT Delhi31 May 2018AY 2005-06

Bench: Sh. N. K. Saini, Am & Smt. Beena A. Pillai, Jm

For Appellant: Sh. Gautam Jain & Piyush K. KamalFor Respondent: Sh. Sanjit Singh, CIT DR
Section 253Section 5

…CIT (2017) 88 Taxmann.com 189 (All.) " CIT Vs Nipun Builders & Developers (P.) Ltd. 350 ITR 407 (Del.) & ITA Nos. 4256 to 4259/Del/2014 Gee Ispat Pvt. Ltd. " CIT Vs Nova Promoters & Finlease (P) Ltd. 342 ITR 169 (Del.) " CIT Vs Ultra Modern Exports (P.) Ltd. 40 Taxmann.com 458 (Del.) " CIT Vs Frostair (P.) Ltd. 26 Taxmann.com 11 (Del.) " CIT Vs N R Portfolio Pvt. Ltd. (2013) 29 Taxmann.com 291 (Del.) " CIT Vs Empire Builtech (P.) Ltd. 366 ITR 110 (Del.) " CIT Vs Focus Exports (P.) Ltd. 51 Taxmann.com 46 (Del.) " PCIT Vs Bikram Singh in ITA No. 55/2017 (Del.) " Rick Lunsford Trade & Investment Ltd. Vs CIT (2016)…

DCIT, New Delhi vs. M/S. Gee Ispat Pvt. Ltd., New Delhi

In the result, the appeals of the assessee are allowed and that of the department are dismissed

ITA 4259/DEL/2014[2008-09]Status: DisposedITAT Delhi31 May 2018AY 2008-09

Bench: Sh. N. K. Saini, Am & Smt. Beena A. Pillai, Jm

For Appellant: Sh. Gautam Jain & Piyush K. KamalFor Respondent: Sh. Sanjit Singh, CIT DR
Section 253Section 5

…CIT (2017) 88 Taxmann.com 189 (All.) " CIT Vs Nipun Builders & Developers (P.) Ltd. 350 ITR 407 (Del.) & ITA Nos. 4256 to 4259/Del/2014 Gee Ispat Pvt. Ltd. " CIT Vs Nova Promoters & Finlease (P) Ltd. 342 ITR 169 (Del.) " CIT Vs Ultra Modern Exports (P.) Ltd. 40 Taxmann.com 458 (Del.) " CIT Vs Frostair (P.) Ltd. 26 Taxmann.com 11 (Del.) " CIT Vs N R Portfolio Pvt. Ltd. (2013) 29 Taxmann.com 291 (Del.) " CIT Vs Empire Builtech (P.) Ltd. 366 ITR 110 (Del.) " CIT Vs Focus Exports (P.) Ltd. 51 Taxmann.com 46 (Del.) " PCIT Vs Bikram Singh in ITA No. 55/2017 (Del.) " Rick Lunsford Trade & Investment Ltd. Vs CIT (2016)…

DCIT, New Delhi vs. M/S. Gee Ispat Pvt. Ltd., New Delhi

In the result, the appeals of the assessee are allowed and that of the department are dismissed

ITA 4258/DEL/2014[2007-08]Status: DisposedITAT Delhi31 May 2018AY 2007-08

Bench: Sh. N. K. Saini, Am & Smt. Beena A. Pillai, Jm

For Appellant: Sh. Gautam Jain & Piyush K. KamalFor Respondent: Sh. Sanjit Singh, CIT DR
Section 253Section 5

…CIT (2017) 88 Taxmann.com 189 (All.) " CIT Vs Nipun Builders & Developers (P.) Ltd. 350 ITR 407 (Del.) & ITA Nos. 4256 to 4259/Del/2014 Gee Ispat Pvt. Ltd. " CIT Vs Nova Promoters & Finlease (P) Ltd. 342 ITR 169 (Del.) " CIT Vs Ultra Modern Exports (P.) Ltd. 40 Taxmann.com 458 (Del.) " CIT Vs Frostair (P.) Ltd. 26 Taxmann.com 11 (Del.) " CIT Vs N R Portfolio Pvt. Ltd. (2013) 29 Taxmann.com 291 (Del.) " CIT Vs Empire Builtech (P.) Ltd. 366 ITR 110 (Del.) " CIT Vs Focus Exports (P.) Ltd. 51 Taxmann.com 46 (Del.) " PCIT Vs Bikram Singh in ITA No. 55/2017 (Del.) " Rick Lunsford Trade & Investment Ltd. Vs CIT (2016)…

DCIT, New Delhi vs. M/S. Gee Ispat Pvt. Ltd., New Delhi

In the result, the appeals of the assessee are allowed and that of the department are dismissed

ITA 4257/DEL/2014[2006-07]Status: DisposedITAT Delhi31 May 2018AY 2006-07

Bench: Sh. N. K. Saini, Am & Smt. Beena A. Pillai, Jm

For Appellant: Sh. Gautam Jain & Piyush K. KamalFor Respondent: Sh. Sanjit Singh, CIT DR
Section 253Section 5

…CIT (2017) 88 Taxmann.com 189 (All.) " CIT Vs Nipun Builders & Developers (P.) Ltd. 350 ITR 407 (Del.) & ITA Nos. 4256 to 4259/Del/2014 Gee Ispat Pvt. Ltd. " CIT Vs Nova Promoters & Finlease (P) Ltd. 342 ITR 169 (Del.) " CIT Vs Ultra Modern Exports (P.) Ltd. 40 Taxmann.com 458 (Del.) " CIT Vs Frostair (P.) Ltd. 26 Taxmann.com 11 (Del.) " CIT Vs N R Portfolio Pvt. Ltd. (2013) 29 Taxmann.com 291 (Del.) " CIT Vs Empire Builtech (P.) Ltd. 366 ITR 110 (Del.) " CIT Vs Focus Exports (P.) Ltd. 51 Taxmann.com 46 (Del.) " PCIT Vs Bikram Singh in ITA No. 55/2017 (Del.) " Rick Lunsford Trade & Investment Ltd. Vs CIT (2016)…

DCIT, New Delhi vs. M/S. Gee Ispat Pvt. Ltd., New Delhi

In the result, the appeals of the assessee are allowed and that of the department are dismissed

ITA 4256/DEL/2014[2005-06]Status: DisposedITAT Delhi31 May 2018AY 2005-06

Bench: Sh. N. K. Saini, Am & Smt. Beena A. Pillai, Jm

For Appellant: Sh. Gautam Jain & Piyush K. KamalFor Respondent: Sh. Sanjit Singh, CIT DR
Section 253Section 5

…CIT (2017) 88 Taxmann.com 189 (All.) " CIT Vs Nipun Builders & Developers (P.) Ltd. 350 ITR 407 (Del.) & ITA Nos. 4256 to 4259/Del/2014 Gee Ispat Pvt. Ltd. " CIT Vs Nova Promoters & Finlease (P) Ltd. 342 ITR 169 (Del.) " CIT Vs Ultra Modern Exports (P.) Ltd. 40 Taxmann.com 458 (Del.) " CIT Vs Frostair (P.) Ltd. 26 Taxmann.com 11 (Del.) " CIT Vs N R Portfolio Pvt. Ltd. (2013) 29 Taxmann.com 291 (Del.) " CIT Vs Empire Builtech (P.) Ltd. 366 ITR 110 (Del.) " CIT Vs Focus Exports (P.) Ltd. 51 Taxmann.com 46 (Del.) " PCIT Vs Bikram Singh in ITA No. 55/2017 (Del.) " Rick Lunsford Trade & Investment Ltd. Vs CIT (2016)…

M/S. Niyati Foods Private Limited, Jharsuguda vs. ACIT, Circle-1(1), Bhubaneswar

ITA 160/CTK/2017[2006-07]Status: DisposedITAT Cuttack15 May 2018AY 2006-07

Bench: S/Shri N.S Saini & Pavan Kumar Gadaleassessment Year : 2006-2007

For Appellant: Shri Mahendra Kumar Kedia, ARFor Respondent: Shri D.K.Pradhan, DR
Section 131Section 250(4)Section 68

…Asse ssment Year : 20 06- 200 7 IN THE INCOME TAX APPELLATE TRIBUNAL, CUTTACK BENCH, CUTTACK BEFORE S/SHRI N.S SAINI, ACCOUNTANT MEMBER AND PAVAN KUMAR GADALE, JUDICIAL MEMBER Assessment Year : 2006-2007 M/s. Niyati Foods Pvt Ltd., Vs. ACIT, Circle 1(1), At/PO: Sarbahal Road, Bhubaneswar. Jharsuguda. PAN/GIR No.AACCN 1530 B (Appellant) .. ( Respondent) Assessee by : Shri Mahendra Kumar Kedia, AR Revenue by : Shri D.K.Pradhan, DR Date of Hearing : 10/05/ 2018 Date of Pronouncement : 15 /05/ 2018 O R D E R Per N.S.Saini, AM This is an appeal filed by the assessee against the order of the CIT(A)- 2, Bhubanes…

M/S. Umbrella Projects Pvt. Ltd., New Delhi vs. ITO, New Delhi

In the result, the appeal of the assessee in ITA No

ITA 5955/DEL/2014[2010-11]Status: DisposedITAT Delhi23 Feb 2018AY 2010-11

Bench: Shri B.P. Jain & Shri Sudhanshu Srivastava[Assessment Year: 2010-11] Umbrella Projects Pvt. Ltd Vs. The I.T.O Gh – 9/5, Paschim Vihar Ward 18(1) New Delhi New Delhi Pan : Aatpa 0581 F [Appellant] [Respondent] Date Of Hearing : 23.01.2018 Date Of Pronouncement : 23.02.2018

For Appellant: Shri Ved Jain, AdvFor Respondent: Shri Amit Jain, Sr. DR
Section 133(6)

…1 IN THE INCOME TAX APPELLATE TRIBUNAL, DELHI ‘D’ BENCH, NEW DELHI BEFORE SHRI B.P. JAIN, ACCOUNTANT MEMBER, AND SHRI SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER [Assessment Year: 2010-11] Umbrella Projects Pvt. Ltd Vs. The I.T.O GH – 9/5, Paschim Vihar Ward 18(1) New Delhi New Delhi PAN : AATPA 0581 F [Appellant] [Respondent] Date of Hearing : 23.01.2018 Date of Pronouncement : 23.02.2018 Assessee by : Shri Ved Jain, Adv Shri Ashish Chaddha, CA Ms. Devina Sharma, Adv Revenue by : Shri Amit Jain, Sr. DR ORDER PER B.P. JAIN, ACCOUNTANT MEMBER, This is an appeal filed by the assessee challenging the order of t…

Jasamrit Constructions P.Ltd, Mumbai vs. ITO 6(3)(2), Mumbai

In the result, the appeal filed by the assessee is allowed

ITA 1091/MUM/2016[2012-13]Status: DisposedITAT Mumbai08 Feb 2018AY 2012-13

Bench: Shri Joginer Singh & Shri Rajesh Kumarm/S. Jasamrit Constructions Income Tax Officer-6(3)(2) Private Ltd. Room No. 503, 5Th Floor Flat No. 901, Building 'B' Vs. Aayakar Bhavan, M.K. Road Ashok Tower, Near Itc Hotel Mumbai 400020 Parel, Mumbai 400017 Pan – Aabcj8295L Appellant Respondent

For Appellant: Shri Vijay MehtaFor Respondent: Shri Aarju Goradia
Section 133(6)Section 143(3)Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL "J" Bench, Mumbai Before Shri Joginer Singh, Judicial Member and Shri Rajesh Kumar, Accountant Member M/s. Jasamrit Constructions Income Tax Officer-6(3)(2) Private Ltd. Room No. 503, 5th Floor Flat No. 901, Building 'B' Vs. Aayakar Bhavan, M.K. Road Ashok Tower, Near ITC Hotel Mumbai 400020 Parel, Mumbai 400017 PAN – AABCJ8295L Appellant Respondent Appellant by: Shri Vijay Mehta Respondent by: Shri Aarju Goradia Date of Hearing: 28.12.2017 Date of Pronouncement: 08.02.2018 O R D E R Per Rajesh Kumar, AM This appeal has been filed by the assessee against the order of the…

JCIT, Noida vs. M/S. Sardar Patel Institute of Management Society, Greater Noida

In the result all the grounds of the appeal of the revenue are allowed with above direction

ITA 5499/DEL/2013[2008-09]Status: DisposedITAT Delhi13 Dec 2017AY 2008-09

Bench: Shri H.S.Sidhu & Shri Prashant Maharishi

For Appellant: Shri BK Anand, CAFor Respondent: Shri Kaushlendra Tiwari, Sr. DR
Section 11Section 68

…tax act have been upheld in following cases:- a. Nova promoters private limited 342 ITR 169 b. CIT versus Empire buildtech private limited 366 ITR 110 c. CIT versus Focus Exports private limited 228 Taxmann 88 d. CIT versus Ultramodern Exports private limited 40 Taxmann.com 458 5. The Ld. authorized representative vehemently supported the order of the Ld. CIT (A) and stated that the assessee has submitted the confirmation, copy of the bank account, copy of the income tax return of the lender. The assessee has further shown the amount of money received by the lender to be deposited with the assessee. Merely becaus…

JCIT, Noida vs. M/S. Sardar Patel Institute of Management Society, Greater Noida

In the result all the grounds of the appeal of the revenue are allowed with above direction

ITA 5124/DEL/2013[2008-09]Status: DisposedITAT Delhi13 Dec 2017AY 2008-09

Bench: Shri H.S.Sidhu & Shri Prashant Maharishi

For Appellant: Shri BK Anand, CAFor Respondent: Shri Kaushlendra Tiwari, Sr. DR
Section 11Section 68

…tax act have been upheld in following cases:- a. Nova promoters private limited 342 ITR 169 b. CIT versus Empire buildtech private limited 366 ITR 110 c. CIT versus Focus Exports private limited 228 Taxmann 88 d. CIT versus Ultramodern Exports private limited 40 Taxmann.com 458 5. The Ld. authorized representative vehemently supported the order of the Ld. CIT (A) and stated that the assessee has submitted the confirmation, copy of the bank account, copy of the income tax return of the lender. The assessee has further shown the amount of money received by the lender to be deposited with the assessee. Merely becaus…

ACIT, New Delhi vs. M/S Surya Buildwell (P) Ltd., New Delhi

In the result cross objection filed by the assessee is allowed

ITA 2706/DEL/2013[2007-08]Status: DisposedITAT Delhi14 Nov 2017AY 2007-08

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 68

…ACIT V Surya Build well Private Limited ITA No 2702, 2703 /Del/2010, 2121, 2122 & 2123/Del/2012, 2706 /Del/2013 Surya Build well Private Limited V ACIT Co No 115 & 116/Del/2013 & CO No. 96, 97 & 98/Del/2014 A Y 2004-05 to 2009-10 INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “G”: NEW DELHI BEFORE SHRI AMIT SHUKLA, JUDICIAL MEMBER AND SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER ITA No. 2703 /Del/2010 (Assessment Year: 2002-03) ACIT, Surya Build well Pvt. Ltd, Vs. Central Circle-23, B-1, Udyog Nagar, Peera New Delhi Garhi Chowk, New Delhi (Appellant) (Respondent) CO No. 116/Del/2013 (In ITA No. 2703/Del/2010) (Ass…

DCIT, New Delhi vs. Surya Buildwell Pvt. Ltd., New Delhi

In the result cross objection filed by the assessee is allowed

ITA 2123/DEL/2012[2006-07]Status: DisposedITAT Delhi14 Nov 2017AY 2006-07

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 68

…ACIT V Surya Build well Private Limited ITA No 2702, 2703 /Del/2010, 2121, 2122 & 2123/Del/2012, 2706 /Del/2013 Surya Build well Private Limited V ACIT Co No 115 & 116/Del/2013 & CO No. 96, 97 & 98/Del/2014 A Y 2004-05 to 2009-10 INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “G”: NEW DELHI BEFORE SHRI AMIT SHUKLA, JUDICIAL MEMBER AND SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER ITA No. 2703 /Del/2010 (Assessment Year: 2002-03) ACIT, Surya Build well Pvt. Ltd, Vs. Central Circle-23, B-1, Udyog Nagar, Peera New Delhi Garhi Chowk, New Delhi (Appellant) (Respondent) CO No. 116/Del/2013 (In ITA No. 2703/Del/2010) (Ass…

DCIT, New Delhi vs. Surya Buildwell Pvt. Ltd., New Delhi

In the result cross objection filed by the assessee is allowed

ITA 2122/DEL/2012[2005-06]Status: DisposedITAT Delhi14 Nov 2017AY 2005-06

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 68

…ACIT V Surya Build well Private Limited ITA No 2702, 2703 /Del/2010, 2121, 2122 & 2123/Del/2012, 2706 /Del/2013 Surya Build well Private Limited V ACIT Co No 115 & 116/Del/2013 & CO No. 96, 97 & 98/Del/2014 A Y 2004-05 to 2009-10 INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “G”: NEW DELHI BEFORE SHRI AMIT SHUKLA, JUDICIAL MEMBER AND SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER ITA No. 2703 /Del/2010 (Assessment Year: 2002-03) ACIT, Surya Build well Pvt. Ltd, Vs. Central Circle-23, B-1, Udyog Nagar, Peera New Delhi Garhi Chowk, New Delhi (Appellant) (Respondent) CO No. 116/Del/2013 (In ITA No. 2703/Del/2010) (Ass…

M/S. Nova Iron & Steel Ltd., New Delhi vs. DCIT, Ltu, New Delhi

In the result, appeal of the assessee-company is

ITA 2159/DEL/2014[2007-08]Status: DisposedITAT Delhi31 Oct 2017AY 2007-08

Bench: Shri Bhavnesh Saini & Shri L.P. Sahu

For Appellant: Shri Ashwanikumar, C.A. &For Respondent: Smt.Shafali Swaroop, CIT-DR &
Section 153CSection 234ASection 68

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCHES : “E” NEW DELHI BEFORE SHRI BHAVNESH SAINI, JUDICIAL MEMBER AND SHRI L.P. SAHU, ACCOUNTANT MEMBER ITA.No.2159/Del./2014 Assessment Year 2007-2008 M/s. Nova Iron & Steel Ltd., F-Block, 1st Floor, vs. The DCIT, LTU, Central Circle- International Trade Tower, 19, Nehru Place, New Delhi. New Delhi. 110001 PAN AAACN0407F (Appellant) (Respondent) For Assessee : Shri Ashwanikumar, C.A. & Shri Adityakumar, C.A. For Revenue : Smt.Shafali Swaroop, CIT-DR & Ms. Renu Amitabh, CIT-DR Date of Hearing : 24.10.2017 Date of Pronouncement : 31.10.2017 ORDER PER BHAVNESH SAI…

M/S. Behl Promoters & Realtors Pvt. Ltd., New Delhi vs. ACIT, New Delhi

In the result, the appeal stands allowed for statistical purposes

ITA 3407/DEL/2014[2009-10]Status: DisposedITAT Delhi30 Oct 2017AY 2009-10

Bench: Shri R. K. Panda & Shri Sudhanshu Srivastavaassessment Year : 2009-10 Behl Promoters & Realtors Pvt. Ltd., Acit, Central Circle- 21, B-29, Pamposh Enclave, New Delhi. Vs. New Delhi.

For Appellant: Shri Kapil Goel, AdvFor Respondent: Shri R. C. Danday, Sr.DR
Section 143(3)

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “A”, NEW DELHI BEFORE SHRI R. K. PANDA, ACCOUNTANT MEMBER AND SHRI SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER Assessment Year : 2009-10 Behl Promoters & Realtors Pvt. Ltd., ACIT, Central Circle- 21, B-29, Pamposh Enclave, New Delhi. Vs. New Delhi. PAN : AAMPB3279L (Appellant) (Respondent) Assessee by : Shri Kapil Goel, Adv. Department by : Shri R. C. Danday, Sr.DR Date of hearing : 30-08-2017 Date of pronouncement : 30-10-2017 O R D E R PER R. K. PANDA, AM : This appeal filed by the assessee is directed against the order dated 24.03.2014 of CIT(A)-XII, New Delhi re…

M/S. Galgotia Books & Departmental Store Pvt. Ltd., New Delhi vs. ACIT, Noida

ITA 7017/DEL/2014[2008-09]Status: DisposedITAT Delhi25 Sept 2017AY 2008-09

Bench: : Shri H.S. Sidhu & Shri L.P. Sahu

Section 142(1)Section 153A

…In the Income-Tax Appellate Tribunal, Delhi Bench ‘C’, New Delhi Before : Shri H.S. Sidhu, Judicial Member And Shri L.P. Sahu, Accountant Member ITA Nos. 6583 & 7016/Del./2014 Assessment Years: 2008-09 & 2009-10 M/s. Galgotia Infotech Pvt. Ltd., vs. A.C.I.T., Central Circle, 4405/6, Prakash Apartments-II, Noida. 5, Ansari Road, Daryaganj, New Delhi (PAN-AABCG6075B) (Appellant) (Respondent) ITA Nos. 6579, 7019, 6580 & 7020/Del./2014 Assessment Years: 2008-09 to 2011-12 M/s. Galgotia Software Pvt. Ltd., vs. A.C.I.T., Central Circle, 4405/6, Prakash Apartments-II, Noida. 5, Ansari Road, Daryaganj, New Delhi (PAN-AAC…

M/S. Galgotia Infotech Pvt. Ltd., New Delhi vs. ACIT, Noida

ITA 6583/DEL/2014[2008-09]Status: DisposedITAT Delhi25 Sept 2017AY 2008-09

Bench: : Shri H.S. Sidhu & Shri L.P. Sahu

Section 142(1)Section 153A

…In the Income-Tax Appellate Tribunal, Delhi Bench ‘C’, New Delhi Before : Shri H.S. Sidhu, Judicial Member And Shri L.P. Sahu, Accountant Member ITA Nos. 6583 & 7016/Del./2014 Assessment Years: 2008-09 & 2009-10 M/s. Galgotia Infotech Pvt. Ltd., vs. A.C.I.T., Central Circle, 4405/6, Prakash Apartments-II, Noida. 5, Ansari Road, Daryaganj, New Delhi (PAN-AABCG6075B) (Appellant) (Respondent) ITA Nos. 6579, 7019, 6580 & 7020/Del./2014 Assessment Years: 2008-09 to 2011-12 M/s. Galgotia Software Pvt. Ltd., vs. A.C.I.T., Central Circle, 4405/6, Prakash Apartments-II, Noida. 5, Ansari Road, Daryaganj, New Delhi (PAN-AAC…

M/S. Galgotia Software Pvt. Ltd., New Delhi vs. ACIT, Noida

ITA 6579/DEL/2014[2008-09]Status: DisposedITAT Delhi25 Sept 2017AY 2008-09

Bench: : Shri H.S. Sidhu & Shri L.P. Sahu

Section 142(1)Section 153A

…In the Income-Tax Appellate Tribunal, Delhi Bench ‘C’, New Delhi Before : Shri H.S. Sidhu, Judicial Member And Shri L.P. Sahu, Accountant Member ITA Nos. 6583 & 7016/Del./2014 Assessment Years: 2008-09 & 2009-10 M/s. Galgotia Infotech Pvt. Ltd., vs. A.C.I.T., Central Circle, 4405/6, Prakash Apartments-II, Noida. 5, Ansari Road, Daryaganj, New Delhi (PAN-AABCG6075B) (Appellant) (Respondent) ITA Nos. 6579, 7019, 6580 & 7020/Del./2014 Assessment Years: 2008-09 to 2011-12 M/s. Galgotia Software Pvt. Ltd., vs. A.C.I.T., Central Circle, 4405/6, Prakash Apartments-II, Noida. 5, Ansari Road, Daryaganj, New Delhi (PAN-AAC…

Yagya Techno Solutions Pvt. Ltd., Karnal vs. ACIT, Haryana

ITA 4955/DEL/2016[2010-11]Status: DisposedITAT Delhi31 May 2017AY 2010-11

Bench: Shri R.S. Syal, Vice-Assessment Year : 2010-11 Yagya Techno Solutions Pvt Vs. Acit, Ltd., Circle Karnal, 25, 2Nd Floor, Haryana. Nehru Place, Karnal. Pan : Aaacy3078R

For Appellant: Shri Rajiv Sachdeva, CAFor Respondent: Ms Bedobani, DR
Section 132Section 133Section 143(1)Section 148Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH : SMC : NEW DELHI BEFORE SHRI R.S. SYAL, VICE-PRESIDENT Assessment Year : 2010-11 Yagya Techno Solutions Pvt Vs. ACIT, Ltd., Circle Karnal, 25, 2nd Floor, Haryana. Nehru Place, Karnal. PAN : AAACY3078R (Appellant) (Respondent) Appellant by : Shri Rajiv Sachdeva, CA Respondent by: Ms Bedobani, DR Date of Hearing : 30.05.2017 Date of Pronouncement: 31.05.2017 ORDER This appeal by the assessee is directed against the order passed by the CIT(A) on 08.07.2016 in relation to the assessment year 2010-11. 2. The only issue raised in this appeal is against the confirmati…

M/S. K.G. Finvest Pvt. Ltd., New Delhi vs. ACIT, New Delhi

ITA 999/DEL/2014[2005-06]Status: DisposedITAT Delhi28 Apr 2017AY 2005-06

Bench: Shri R.S. Syal & Ms Suchitra Kamble

For Appellant: Shri Salil Kapoor
Section 132Section 153A

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCHES : D : NEW DELHI BEFORE SHRI R.S. SYAL, VICE PRESIDENT AND MS SUCHITRA KAMBLE, JUDICIAL MEMBER ITA Nos.3429, 4709, 3424/Del/2013 Assessment Years : 2006-07 to 2008-09 Assessment Year : 2009-10 Assessment Year : 2010-11 DCIT, Vs. K.G. Finvests Pvt. Ltd., 10, 3rd Floor, Satya Niketan, Central Circle-13, New Delhi. New Delhi. PAN: AAACK4032H ITA Nos.999/Del/2014, 2684, 4437 & 4500/Del/2013 Assessment Years : 2005-06 to 2008-09 Assessment Year : 2009-10 K.G. Finvests Pvt. Ltd., Vs. ACIT, 10, 3rd Floor, Satya Niketan, Central Circle-13, New Delhi. New Delhi. PAN: AAACK…