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“Section 53(1)”

Section References (mined)Section 53Section 53(1)14 judgments

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE vs. RAMAN GUPTA, DELHI

In the result, for statistical purposes, both the appeals stands dismissed in the aforesaid manner

ITA 3758/DEL/2023[2017-18]Status: DisposedITAT Delhi11 Feb 2026AY 2017-18

Bench: Shri Sudhir Kumar & Ms. Renu Jauhria.Yr. : 2017-18 Raman Gupta, Vs. Acit, Jhandewalan 138-139, Main Road, Ghazipur, Extension, Ncc Dit(S) Delhi – 110 096 New Delhi – 110 055 (Pan: Abapg1217G) (Appellant) (Respondent) A.Yr. : 2017-18 Dcit, Central Circle, Vs. Raman Gupta, 244, 2Nd Floor, E-2 Ara Centre, 138-139, Main Road, Jhandewalan Extension, Ghazipur, New Delhi – 110 055 Delhi – 110 096 (Pan: Abapg1217G) (Appellant) (Respondent)

Section 238Section 53(1)

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: ‘A’, NEW DELHI BEFORE SHRI SUDHIR KUMAR, JUDICIAL MEMBER AND MS. RENU

RAMAN GUPTA,DELHI vs. ACIT CENTRAL CIRCLE 17, NEW DELHI

In the result, for statistical purposes, both the appeals stands dismissed in the aforesaid manner

ITA 3570/DEL/2023[2017-18]Status: DisposedITAT Delhi11 Feb 2026AY 2017-18

Bench: Shri Sudhir Kumar & Ms. Renu Jauhria.Yr. : 2017-18 Raman Gupta, Vs. Acit, Jhandewalan 138-139, Main Road, Ghazipur, Extension, Ncc Dit(S) Delhi – 110 096 New Delhi – 110 055 (Pan: Abapg1217G) (Appellant) (Respondent) A.Yr. : 2017-18 Dcit, Central Circle, Vs. Raman Gupta, 244, 2Nd Floor, E-2 Ara Centre, 138-139, Main Road, Jhandewalan Extension, Ghazipur, New Delhi – 110 055 Delhi – 110 096 (Pan: Abapg1217G) (Appellant) (Respondent)

Section 238Section 53(1)

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: ‘A’, NEW DELHI BEFORE SHRI SUDHIR KUMAR, JUDICIAL MEMBER AND MS. RENU

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-13, NEW DELHI, JHANDEWALAN EXTN., NEW DELHI vs. MAHAGUN INDIA PVT. LTD., DELHI

In the result, for statistical purposes, all the appeals filed by the Assessee as well as Revenue stand dismissed in the aforesaid manner

ITA 3036/DEL/2023[2016-17]Status: DisposedITAT Delhi28 Oct 2025AY 2016-17

Bench: Sh. Sudhir Kumar & Sh. Manish Agarwal

Section 238Section 53(1)Section 7

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: ‘E’, NEW DELHI BEFORE SH. SUDHIR KUMAR, JUDICIAL MEMBER AND SH. MANISH

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-13, NEW DELHI, JHANDEWALAN EXTN. ARA CENTRE vs. MAHAGUN INDIA PVT. LTD., VIVEK VIHAR

In the result, for statistical purposes, all the appeals filed by the Assessee as well as Revenue stand dismissed in the aforesaid manner

ITA 3008/DEL/2023[2015-16]Status: DisposedITAT Delhi28 Oct 2025AY 2015-16

Bench: Sh. Sudhir Kumar & Sh. Manish Agarwal

Section 238Section 53(1)Section 7

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: ‘E’, NEW DELHI BEFORE SH. SUDHIR KUMAR, JUDICIAL MEMBER AND SH. MANISH

MAHAGUN ( INDIA) PVT LTD,DELHI vs. ACIT, CC-13, NEW DELHI, NEW DELHI

In the result, for statistical purposes, all the appeals filed by the Assessee as well as Revenue stand dismissed in the aforesaid manner

ITA 2883/DEL/2023[2016-17]Status: DisposedITAT Delhi28 Oct 2025AY 2016-17

Bench: Sh. Sudhir Kumar & Sh. Manish Agarwal

Section 238Section 53(1)Section 7

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: ‘E’, NEW DELHI BEFORE SH. SUDHIR KUMAR, JUDICIAL MEMBER AND SH. MANISH

MAHAGUN (INDIA) PVT. LTD,DELHI vs. ACIT,CC-13,NEW DELHI, NEW DELHI

In the result, for statistical purposes, all the appeals filed by the Assessee as well as Revenue stand dismissed in the aforesaid manner

ITA 2882/DEL/2023[2015-16]Status: DisposedITAT Delhi28 Oct 2025AY 2015-16

Bench: Sh. Sudhir Kumar & Sh. Manish Agarwal

Section 238Section 53(1)Section 7

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: ‘E’, NEW DELHI BEFORE SH. SUDHIR KUMAR, JUDICIAL MEMBER AND SH. MANISH

MAHAGUN (INDIA) PVT. LTD.,DELHI vs. DCIT,CC-13,NEW DELHI, NEW DELHI

In the result, for statistical purposes, all the appeals filed by the Assessee as well as Revenue stand dismissed in the aforesaid manner

ITA 2881/DEL/2023[2014-15]Status: DisposedITAT Delhi28 Oct 2025AY 2014-15

Bench: Sh. Sudhir Kumar & Sh. Manish Agarwal

Section 238Section 53(1)Section 7

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: ‘E’, NEW DELHI BEFORE SH. SUDHIR KUMAR, JUDICIAL MEMBER AND SH. MANISH

M/S AEZ INFRATECH P. LTD.,NEW DELHI vs. ACIT, NEW DELHI

In the result, for statistical purposes, all the appeals filed by the Revenue as well as Assessee stand dismissed in the aforesaid manner

ITA 6340/DEL/2015[2011-12]Status: DisposedITAT Delhi07 May 2025AY 2011-12

Bench: Shri Shamim Yahya & Shri Sudhir Pareek

Section 238Section 53(1)

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: ‘B’, NEW DELHI BEFORE SHRI SHAMIM YAHYA, ACCOUNTANT MEMBER, AND SHRI SUDHIR

M/S AEZ INFRATECH P. LTD.,NEW DELHI vs. ACIT, NEW DELHI

In the result, for statistical purposes, all the appeals filed by the Revenue as well as Assessee stand dismissed in the aforesaid manner

ITA 6336/DEL/2015[2006-07]Status: DisposedITAT Delhi07 May 2025AY 2006-07

Bench: Shri Shamim Yahya & Shri Sudhir Pareek

Section 238Section 53(1)

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: ‘B’, NEW DELHI BEFORE SHRI SHAMIM YAHYA, ACCOUNTANT MEMBER, AND SHRI SUDHIR

DCIT, NEW DELHI vs. M/S. AEZ INFRATECH PVT. LTD., NEW DELHI

In the result, for statistical purposes, all the appeals filed by the Revenue as well as Assessee stand dismissed in the aforesaid manner

ITA 6312/DEL/2015[2011-12]Status: DisposedITAT Delhi07 May 2025AY 2011-12

Bench: Shri Shamim Yahya & Shri Sudhir Pareek

Section 238Section 53(1)

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: ‘B’, NEW DELHI BEFORE SHRI SHAMIM YAHYA, ACCOUNTANT MEMBER, AND SHRI SUDHIR

DCIT, NEW DELHI vs. M/S. AEZ INFRATECH PVT. LTD., NEW DELHI

In the result, for statistical purposes, all the appeals filed by the Revenue as well as Assessee stand dismissed in the aforesaid manner

ITA 6310/DEL/2015[2008-09]Status: DisposedITAT Delhi07 May 2025AY 2008-09

Bench: Shri Shamim Yahya & Shri Sudhir Pareek

Section 238Section 53(1)

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: ‘B’, NEW DELHI BEFORE SHRI SHAMIM YAHYA, ACCOUNTANT MEMBER, AND SHRI SUDHIR

DCIT, NEW DELHI vs. M/S. AEZ INFRATECH PVT. LTD., NEW DELHI

In the result, for statistical purposes, all the appeals filed by the Revenue as well as Assessee stand dismissed in the aforesaid manner

ITA 6308/DEL/2015[2006-07]Status: DisposedITAT Delhi07 May 2025AY 2006-07

Bench: Shri Shamim Yahya & Shri Sudhir Pareek

Section 238Section 53(1)

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: ‘B’, NEW DELHI BEFORE SHRI SHAMIM YAHYA, ACCOUNTANT MEMBER, AND SHRI SUDHIR

M/S MERCANTILE VENTURES LIMITED,CHENNAI vs. ACIT, CORPORATE CIRCLE-4(1), CHENNAI

In the result, appeal filed by the assessee is dismissed

ITA 623/CHNY/2022[2017-18]Status: DisposedITAT Chennai14 Feb 2024AY 2017-18

Bench: Shri V. Durga Rao, Hon’Ble & Shri Manjunatha. G, Hon’Bleआयकर अपील सं./Ita No.623/Chny/2022 िनधा"रण वष"/Assessment Year: 2017-18 V. M/S.Mercantile Ventures Ltd., The Asst. Commissioner Of- No.88, Spic House, Income Tax, Mount Road, Corporate Circle-4(1), Guindy, Chennai-600 032. Chennai. [Pan: Aaicm 6095 N] (अपीलाथ"/Appellant) (""यथ"/Respondent) : अपीलाथ" क" ओर से/ Appellant By Shri P.V.Sudhakar, Advocate : ""यथ" क" ओर से /Respondent By Shri V. Nandakumar, Cit : सुनवाईक"तारीख/Date Of Hearing 02.01.2024 घोषणाक"तारीख /Date Of : 14.02.2024 Pronouncement

Section 263Section 53Section 53(1)Section 53(2)Section 53(3)

आयकर अपीलीय अिधकरण, ‘बी’ "यायपीठ, चे"ई। IN THE INCOME TAX APPELLATE TRIBUNAL ‘B’ BENCH: CHENNAI "ी वी. दुगा" राव, माननीय

JCIT, CIRCLE-22(2), NEW DELHI vs. S R FOILS & TISSUE P. LTD., NEW DELHI

In the result, the appeal of the Revenue is dismissed

ITA 540/DEL/2019[2011-12]Status: DisposedITAT Delhi11 Jan 2023AY 2011-12

Bench: Shri N.K.Billaiya & Shri Kul Bharat[Assessment Year : 2011-12] Jcit, Vs S R Foils & Tissue P.Ltd., Circle-22(2), 2Nd Floor, Vardhman Plaza-Ii, New Delhi. J-Block, Community Centre, Rajouri Garden, New Delhi-110027. Pan-Aaacr7410E Appellant Respondent Appellant By Shri Upvan Gupta, Adv. Respondent By Ms. Maninder Kaur, Sr.Dr Date Of Hearing 05.01.2023 Date Of Pronouncement 11.01.2023 Order

Section 133(6)Section 143(3)Section 33(2)Section 53Section 53(1)Section 68

this regard is attached herewith as Annexure 1. Re: Our legal submissions In the above background, it is most respectfully submitted as under: Section 53(1) of the Code reads as under: "Section 53. (1) Notwithstanding anything to the contrary contained in any law enacted by the Parliament ... equity shareholders or partners, as the case may be." It is important to note down here that, in terms of the provisions of section 53(1) of the Code, having an overriding effect over all Central! State Statutes, the proceeds of liquidation assets can be distributed in the order