DCIT, HISAR vs. M/S SYNERGY WASTE MANAGEMENT PVT. LTD.,, HISAR

In the result, all the five captioned appeals filed by the Revenue are dismissed

Bench: Shri C.M. Garg & Shri Pradip Kumar Kedia

b) would not be applicable where an assessee had restructured his business, and filed a revised return of income with prior approval and sanction of NCLT, without any objection from department - Further, NCLT had passed last orders granting approval and sanction of schemes only on 22-4-2018 and 1-5-2018, hence, it was an impossibility for assessee companies

DCIT, HISAR vs. M/S SYNERGY WASTE MANAGEMENT PVT. LTD.,, HISAR

In the result, all the five captioned appeals filed by the Revenue are dismissed

Bench: Shri C.M. Garg & Shri Pradip Kumar Kedia

b) would not be applicable where an assessee had restructured his business, and filed a revised return of income with prior approval and sanction of NCLT, without any objection from department - Further, NCLT had passed last orders granting approval and sanction of schemes only on 22-4-2018 and 1-5-2018, hence, it was an impossibility for assessee companies

DCIT, HISAR vs. M/S SYNERGY WASTE MANAGEMENT PVT. LTD.,, HISAR

In the result, all the five captioned appeals filed by the Revenue are dismissed

Bench: Shri C.M. Garg & Shri Pradip Kumar Kedia

b) would not be applicable where an assessee had restructured his business, and filed a revised return of income with prior approval and sanction of NCLT, without any objection from department - Further, NCLT had passed last orders granting approval and sanction of schemes only on 22-4-2018 and 1-5-2018, hence, it was an impossibility for assessee companies

ITO, WARD- 63(5), NEW DELHI vs. THE JWALA COOPERATIVE URBAN THRIFT AND CREDIT SOCIETY LTD., NEW DELHI

In the result, appeal of the assessee is allowed

Bench: Sh. Amit Shukladr. B. R. R. Kumarita No. 5623/Del/2018 : Asstt. Year : 2012-13 Income Tax Officer, Vs The Jwala Cooperative Urban Ward-63(5), Thrift & Credit Society Ltd., New Delhi-110002 218, Dda Cycle Market, Jhandewalan Extn. New Delhi-110055 (Appellant) (Respondent) Pan No. Aabat0924C Assessee By : Ms. Gunjan Jain, Ca Revenue By : Sh. Ratan Singh, Sr. Dr Date Of Hearing: 20.10.2021 Date Of Pronouncement: 20.01.2022

B. R. R. Kumar, Accountant Member: This appeal has been filed by the Revenue against the order of the ld. CIT(A)-18, New Delhi dated 07.06.2018. 2. Following grounds have been raised by the Revenue: “1. On the facts and in the circumstances of the case, the Ld. CIT(A) has erred in deleting the addition

DIVYA CREATION,NOIDA vs. PR.CIT, NOIDA

In the result, the appeal of the assessee is allowed

Bench: Shri Amit Shukla & Shri O.P. Kantassessment Year: 2013-14 M/S. Divya Creation, Vs. Pr. Cit, Plot No. 97, Nsez, Noida Aayakar Bhawan, A2 D- Block, Sector 24, Noida Pan :Aadfd4879K (Appellant) (Respondent)

TDS, the Ld. DR submitted that Assessing Officer has allowed excess deduction as compared to allowable deduction as per Auditor’s Report in form No. 56F and which requires examination. On the issue related to deduction under section 10A on interest income of Rs.66,68,296/- earned on various FDR’s is concerned, the Ld. DR submitted that

SHIVALIK PRINTS LTD.,NEW DELHI vs. JCIT, SPECIAL RANGE-8, NEW DELHI

In the result, assessees’ appeals in ITA nos

Bench: Shri Kul Bharat & Shri Avdhesh Kumar Mishraassessment Year: 2011-12 & Assessment Year: 2012-13

TDS credit the learned CIT(A) restored the issue to the Assessing Officer for examining the claim of the assessee from the records and allow the tax credit. However, the claim of the assessee regarding deduction u/s 80JJAA was rejected. Against this rejection, the assessee is in appeal before this Tribunal. 5. Apropos to the grounds of appeal learned counsel

M/S. SHIVALIK PRINTS LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, assessees’ appeals in ITA nos

Bench: Shri Kul Bharat & Shri Avdhesh Kumar Mishraassessment Year: 2011-12 & Assessment Year: 2012-13

TDS credit the learned CIT(A) restored the issue to the Assessing Officer for examining the claim of the assessee from the records and allow the tax credit. However, the claim of the assessee regarding deduction u/s 80JJAA was rejected. Against this rejection, the assessee is in appeal before this Tribunal. 5. Apropos to the grounds of appeal learned counsel

ACIT SPECIAL RANGE-3, NEW DELHI vs. DELHI TOURISM & TRANSPORTATION DEVELOPMENT CORPORATION LTD., NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

TDS credit of Rs.6,85,312/- deducted by Oriental Bank of Commerce and Form 16A provided to assessee. Page 5 of 52 ITA No.5167/Del/2019 & Ors. Delhi Tourism & Transportation Development Corporation Ltd. vs. ACIT ITA No.4100/Del/2019 for AY 2013-14 (Revenue) “1. Whether on facts and in circumstances of the case and in law, the CIT(A) has erred in directing

ADDI. CIT SPL. RANGE-3, NEW DELHI vs. DELHI TOURISM & TRANSPORTATION DEVELOPMENT CORPORATION LTD. , NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

TDS credit of Rs.6,85,312/- deducted by Oriental Bank of Commerce and Form 16A provided to assessee. Page 5 of 52 ITA No.5167/Del/2019 & Ors. Delhi Tourism & Transportation Development Corporation Ltd. vs. ACIT ITA No.4100/Del/2019 for AY 2013-14 (Revenue) “1. Whether on facts and in circumstances of the case and in law, the CIT(A) has erred in directing

DELHI TOURISM & TRANSPORTATION DEVELOPMENT CORPORATION LTD. ,NEW DELHI vs. DCIT CIRCLE-10(1), NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

TDS credit of Rs.6,85,312/- deducted by Oriental Bank of Commerce and Form 16A provided to assessee. Page 5 of 52 ITA No.5167/Del/2019 & Ors. Delhi Tourism & Transportation Development Corporation Ltd. vs. ACIT ITA No.4100/Del/2019 for AY 2013-14 (Revenue) “1. Whether on facts and in circumstances of the case and in law, the CIT(A) has erred in directing

ADDL.CIT, SPECIAL RANGE-3, NEW DELHI vs. DELHI TOURISM TRANSPORTATION AND DEVELOPMENT CORPORATION LTD., NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

TDS credit of Rs.6,85,312/- deducted by Oriental Bank of Commerce and Form 16A provided to assessee. Page 5 of 52 ITA No.5167/Del/2019 & Ors. Delhi Tourism & Transportation Development Corporation Ltd. vs. ACIT ITA No.4100/Del/2019 for AY 2013-14 (Revenue) “1. Whether on facts and in circumstances of the case and in law, the CIT(A) has erred in directing

DELHI TOURISM TRANSPORTATION AND DEVELOPMENT CORPORATION LTD.,NEW DELHI vs. ADDL.CIT, SPECIAL RANGE-3, NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

TDS credit of Rs.6,85,312/- deducted by Oriental Bank of Commerce and Form 16A provided to assessee. Page 5 of 52 ITA No.5167/Del/2019 & Ors. Delhi Tourism & Transportation Development Corporation Ltd. vs. ACIT ITA No.4100/Del/2019 for AY 2013-14 (Revenue) “1. Whether on facts and in circumstances of the case and in law, the CIT(A) has erred in directing

ADDL.CIT, SPECIAL RANGE-3, NEW DELHI vs. DELHI TOURISM TRANSPORTATION AND DEVELOPMENT CORPORATION LTD., NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

TDS credit of Rs.6,85,312/- deducted by Oriental Bank of Commerce and Form 16A provided to assessee. Page 5 of 52 ITA No.5167/Del/2019 & Ors. Delhi Tourism & Transportation Development Corporation Ltd. vs. ACIT ITA No.4100/Del/2019 for AY 2013-14 (Revenue) “1. Whether on facts and in circumstances of the case and in law, the CIT(A) has erred in directing

ADDL.CIT, SPECIAL RANGE-3, NEW DELHI vs. DELHI TOURISM TRANSPORTATION AND DEVELOPMENT CORPORATION LTD., NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

TDS credit of Rs.6,85,312/- deducted by Oriental Bank of Commerce and Form 16A provided to assessee. Page 5 of 52 ITA No.5167/Del/2019 & Ors. Delhi Tourism & Transportation Development Corporation Ltd. vs. ACIT ITA No.4100/Del/2019 for AY 2013-14 (Revenue) “1. Whether on facts and in circumstances of the case and in law, the CIT(A) has erred in directing

MUFG BANK LTD,NEW DELHI vs. ACIT (INTERNATIONAL TAXATION) CIRCLE-2(2)(1), NEW DELHI

In the result appeal of the assessee is partly allowed

Bench: Shri Amit Shukla & Shri Prashant Maharishi(Through Video Conferencing) Mufg Bank Ltd, Vs. Acit (International Taxation), 5Th Floor, Worldmark 2, Asset 8, Circle-2(2)(1), Aerocity, Nh-8, New Delhi New Delhi Pan: Aabct3880D (Appellant) (Respondent)

TDS That on the facts and circumstances of the case and in law, the Id. AO erred in not granting credit of tax of INR 1,92,29,851 withheld by income-tax department on interest on income tax refund. 8. Erroneous computation of tax liability That on the facts and circumstances of the case

SAHKARI GANNA VIKAS SAMITI LIMITED,BADAYUN vs. ACIT - 2, MORADABAD

Appeal is partly allowed

Bench: Shri Satbeer Singh Godaraassessment Year: 2017-18 Sahkari Ganna Vikas Samiti Vs. Acit-2, Limited, Moradabad C/O-Ayyubi Chamber, Raniganj, Lakhimpur Kheri, Badaun, Uttar Pradesh Pan :Aazfs2514E (Appellant) (Respondent) Assessee By None Department By Sh. Sanjay Kumar, Sr. Dr

1. T. Act on Interest received on Investments held with Banks in form of FDR's Rs. 18,11,902/- AND Interest on TDS Refund Rs. 12,00,675/-. (3) That the Authorities below erred in relying on the decision of Hon'ble Supreme Court in the case of Totgars Co-Operative Sale Society Ltd. Vs. ITO without appreciating that

THE BHARAT CO-OPERATIVE THRIFT & CREDIT SOCIETY LTD.,NEW DELHI vs. ITO, WARD- 39(1), NEW DELHI

In the result, appeal of the assessee is allowed

Bench: Shri N. K. Billaiya & Ms Suchitra Kamble

b) in not allowing exemption u/s 80P(2)(i) of the Act in a sum of Rs. 18,53,405/- Both the above actions being arbitrary, erroneous and unlawful must be quashed with directions for appropriate relief.” 3. The assessee is a registered cooperative society. The business activities of the society are giving loans and accepting deposits from the members

ADDL. CIT, MUZAFFARNAGAR vs. M/S. CO- OPERATIVE CANE DEVELOPMENT UNION LTD., MUZAFFARNAGAR

In the result, appeal of the revenue is dismissed

Bench: Sh. I.C.Sudhir, Jm & Sh. Prashant Maharishi, Am

TDS amounting to Rs. 16,162/- and miscellaneous income of Rs. 33,431 are wrongly claimed as exempt by assessee u/s 80P. AO reduced the eligible income by these two items of income. Further Page 1 of 6 2 Co-operative Cane Development A Y 2007-08 during the year assessee has received Rs. 11,79,842/- as contribution from

MUZAFFARNAGAR DISTT. COOPERATIVE DEVELOPMENT FEDERATION LTD.,MUZAFFARNAGAR vs. ACIT, MUZAFFARNAGAR

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

section 80P(2)(e) of the I.T. Act. The Learned CIT (A) went wrong on facts and in law to sustain the disallowance. The adverse and erroneous findings recorded by the Ld. CIT (A) deserve to be quashed and the exemption, as claimed, deserves to be allowed. 3(a). That the declared version in the Printing Press Division was well