DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S VESTIGE MARKETING PRIVATE LIMITED, DELHI

Bench: Shri Before Shri Satbeer Singh Godarabefore Shri Before Shri Satbeer Singh Godarasatbeer Singh Godara & Satbeer Singh Godara & And & Shri Naveen Chandra Shri Naveen Chandra, , , Shri Naveen Chandra Shri Naveen Chandra

Section 132(4) may have evidentiary value; 6 ITA-5515/Del/2025 & 13 others  However, once retracted, it cannot be relied upon in isolation;  The Assessing Officer must examine the explanation with reference to books of account;  Addition based solely on a retracted statement without corroboration is not tenable. The Court specifically observed that even where retraction is delayed

VESTIGE MARKETING PVT LTD,DELHI vs. DCIT CENTRAL CIRCLE-05, DELHI

Section 132(4) may have evidentiary value;\nHowever, once retracted, it cannot be relied upon in isolation;\nThe Assessing Officer must examine the explanation with\nreference to books of account;\nAddition based solely on a retracted statement without\ncorroboration is not tenable.\nThe Court specifically observed that even where retraction is delayed,\nthe AO is not absolved from examining

DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S VESTIGE MARKETING PRIVATE LIMITED, DELHI

Section 132(4) may have evidentiary value;\nHowever, once retracted, it cannot be relied upon in isolation;\nThe Assessing Officer must examine the explanation with\nreference to books of account;\nAddition based solely on a retracted statement without\ncorroboration is not tenable.\nThe Court specifically observed that even where retraction is delayed,\nthe AO is not absolved from examining

DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S VESTIGE MARKETING PRIVATE LIMITED, DELHI

Section 132(4) may have evidentiary value;\nHowever, once retracted, it cannot be relied upon in isolation;\nThe Assessing Officer must examine the explanation with\nreference to books of account;\nAddition based solely on a retracted statement without\ncorroboration is not tenable.\nThe Court specifically observed that even where retraction is delayed,\nthe AO is not absolved from examining

VESTIGE MARKETING PVT. LTD.,DELHI vs. DCIT, CENTRAL CIRCLE- 05, DELHI

Section 132(4) may have evidentiary value;\nHowever, once retracted, it cannot be relied upon in isolation;\nThe Assessing Officer must examine the explanation with\nreference to books of account;\nAddition based solely on a retracted statement without\ncorroboration is not tenable.\nThe Court specifically observed that even where retraction is delayed,\nthe AO is not absolved from examining

DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S VESTIGE MARKETING PRIVATE LIMITED, DELHI

Section 132(4) may have evidentiary value;\nHowever, once retracted, it cannot be relied upon in isolation;\nThe Assessing Officer must examine the explanation with\nreference to books of account;\nAddition based solely on a retracted statement without\ncorroboration is not tenable.\nThe Court specifically observed that even where retraction is delayed,\nthe AO is not absolved from examining

VESTIGE MARKETING PVT LTD,DELHI vs. DCIT, CENTRAL CIRCLE- 05, DELHI

Section 132(4) may have evidentiary value;\nHowever, once retracted, it cannot be relied upon in isolation;\nThe Assessing Officer must examine the explanation with\nreference to books of account;\nAddition based solely on a retracted statement without\ncorroboration is not tenable.\nThe Court specifically observed that even where retraction is delayed,\nthe AO is not absolved from examining

VESTIGE MARKETING PVT LTD,DELHI vs. DCIT, CENTRAL CIRCLE-05, DELHI

Section 132(4) may have evidentiary value;\nHowever, once retracted, it cannot be relied upon in isolation;\nThe Assessing Officer must examine the explanation with\nreference to books of account;\n➤ Addition based solely on a retracted statement without\ncorroboration is not tenable.\nThe Court specifically observed that even where retraction is delayed,\nthe AO is not absolved from examining

DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S VESTIGE MARKETING PRIVATE LIMITED, DELHI

Section 132(4) may have evidentiary value;\nHowever, once retracted, it cannot be relied upon in isolation;\nThe Assessing Officer must examine the explanation with\nreference to books of account;\nAddition based solely on a retracted statement without\ncorroboration is not tenable.\nThe Court specifically observed that even where retraction is delayed,\nthe AO is not absolved from examining

VESTIGE MARKETING PVT LTD,NEW DELHI vs. DCIT, CENTRAL CIRCLE- 05, DELHI

Section 132(4) may have evidentiary value;\nHowever, once retracted, it cannot be relied upon in isolation;\nThe Assessing Officer must examine the explanation with\nreference to books of account;\nAddition based solely on a retracted statement without\ncorroboration is not tenable.\nThe Court specifically observed that even where retraction is delayed,\nthe AO is not absolved from examining

VESTIGE MARKETING PVT LTD,DELHI vs. DCIT, CENTRAL CIRCLE-05, DELHI

Section 132(4) may have evidentiary value;\nHowever, once retracted, it cannot be relied upon in isolation;\nThe Assessing Officer must examine the explanation with\nreference to books of account;\nAddition based solely on a retracted statement without\ncorroboration is not tenable.\nThe Court specifically observed that even where retraction is delayed,\nthe AO is not absolved from examining

DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S VESTIGE MARKETING PRIVATE LIMITED, DELHI

Section 132(4) may have evidentiary value;\nHowever, once retracted, it cannot be relied upon in isolation;\nThe Assessing Officer must examine the explanation with\nreference to books of account;\nAddition based solely on a retracted statement without\ncorroboration is not tenable.\nThe Court specifically observed that even where retraction is delayed,\nthe AO is not absolved from examining

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-20, DELHI vs. M. B. POWER (MADHAYA PRADESH) LTD, DELHI

In the result, appeal of the Revenue is dismissed

Bench: Shri Sudhir Kumar & Shri Manish Agarwal[Assessment Year : 2018-19] M.B.Power (Madhya Pradesh) Vs Dcit, Ltd., 239, Okhla Industrial Central Circle-2, Estate, Nehru Place, Gurgaon Delhi -110019. Pan-Aafcm6698A Appellant Respondent

132(4) of the Act. Basis the statement, not only his case was transferred to New Delhi u/s 127 of the Act but notices u/s 153C were issued to the assessee. On these fact, Hon’ble Karnataka High Court referring to V.C. Shukla (supra) and Common Cause (supra) quashed the notices ITA No.3850/Del/2023 & Others u/s 153C, issued on the basis

MB POWER (MADHYA PRADESH) LIMITED,DELHI vs. DCIT, CENTRAL CIRCLE-20, DELHI

In the result, appeal of the Revenue is dismissed

Bench: Shri Sudhir Kumar & Shri Manish Agarwal[Assessment Year : 2018-19] M.B.Power (Madhya Pradesh) Vs Dcit, Ltd., 239, Okhla Industrial Central Circle-2, Estate, Nehru Place, Gurgaon Delhi -110019. Pan-Aafcm6698A Appellant Respondent

132(4) of the Act. Basis the statement, not only his case was transferred to New Delhi u/s 127 of the Act but notices u/s 153C were issued to the assessee. On these fact, Hon’ble Karnataka High Court referring to V.C. Shukla (supra) and Common Cause (supra) quashed the notices ITA No.3850/Del/2023 & Others u/s 153C, issued on the basis

JOINT COMMISSIONER OF INCOME TAX (OSD), CENTRAL CIRCLE-20, DELHI vs. M B POWER (MADHYA PRADESH) LTD., DELHI

In the result, appeal of the Revenue is dismissed

Bench: Shri Sudhir Kumar & Shri Manish Agarwal[Assessment Year : 2018-19] M.B.Power (Madhya Pradesh) Vs Dcit, Ltd., 239, Okhla Industrial Central Circle-2, Estate, Nehru Place, Gurgaon Delhi -110019. Pan-Aafcm6698A Appellant Respondent

132(4) of the Act. Basis the statement, not only his case was transferred to New Delhi u/s 127 of the Act but notices u/s 153C were issued to the assessee. On these fact, Hon’ble Karnataka High Court referring to V.C. Shukla (supra) and Common Cause (supra) quashed the notices ITA No.3850/Del/2023 & Others u/s 153C, issued on the basis

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 20, DELHI vs. M.B. POWER (MADHAYA PRADESH) LTD, DELHI

In the result, appeal of the Revenue is dismissed

Bench: Shri Sudhir Kumar & Shri Manish Agarwal[Assessment Year : 2018-19] M.B.Power (Madhya Pradesh) Vs Dcit, Ltd., 239, Okhla Industrial Central Circle-2, Estate, Nehru Place, Gurgaon Delhi -110019. Pan-Aafcm6698A Appellant Respondent

132(4) of the Act. Basis the statement, not only his case was transferred to New Delhi u/s 127 of the Act but notices u/s 153C were issued to the assessee. On these fact, Hon’ble Karnataka High Court referring to V.C. Shukla (supra) and Common Cause (supra) quashed the notices ITA No.3850/Del/2023 & Others u/s 153C, issued on the basis

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-20, DELHI vs. MB POWER (MADHYA PRADESH) LIMITED, DELHI

In the result, appeal of the Revenue is dismissed

Bench: Shri Sudhir Kumar & Shri Manish Agarwal[Assessment Year : 2018-19] M.B.Power (Madhya Pradesh) Vs Dcit, Ltd., 239, Okhla Industrial Central Circle-2, Estate, Nehru Place, Gurgaon Delhi -110019. Pan-Aafcm6698A Appellant Respondent

132(4) of the Act. Basis the statement, not only his case was transferred to New Delhi u/s 127 of the Act but notices u/s 153C were issued to the assessee. On these fact, Hon’ble Karnataka High Court referring to V.C. Shukla (supra) and Common Cause (supra) quashed the notices ITA No.3850/Del/2023 & Others u/s 153C, issued on the basis

MB POWER (MADHYA PRADESH) LIMITED ,SOUTH EAST DELHI vs. DCIT, CENTRAL CIRCLE-20, DELHI, DELHI

In the result, appeal of the Revenue is dismissed

Bench: Shri Sudhir Kumar & Shri Manish Agarwal[Assessment Year : 2018-19] M.B.Power (Madhya Pradesh) Vs Dcit, Ltd., 239, Okhla Industrial Central Circle-2, Estate, Nehru Place, Gurgaon Delhi -110019. Pan-Aafcm6698A Appellant Respondent

132(4) of the Act. Basis the statement, not only his case was transferred to New Delhi u/s 127 of the Act but notices u/s 153C were issued to the assessee. On these fact, Hon’ble Karnataka High Court referring to V.C. Shukla (supra) and Common Cause (supra) quashed the notices ITA No.3850/Del/2023 & Others u/s 153C, issued on the basis