ACIT CC-18 vs. NEENA HARDEEP SINGH,

Accordingly, this ground is allowed for statistical purposes

Bench: Sh. Shamim Yahya & Sh. Anubhav Sharmaacit, Vs. Mrs. Neena Hardeep Singh Central Circle-18, L-5, Hauz Khas Enclave, Room No. 327, 3Rd Floor New Delhi Ara Centre, E-2, Pan : Aarps4684B Jhandewalan Extn., New Delhi

bogus purchases and sales do not require interference. Ground is decided against the Revenue. 13. Ground no 5 in appeal of Revenue. It can be observed that with regard to fabrication charges being not genuine the foundation of Ld. AO was the treatment he has given to purchase and sales of the assessee. Which have been found genuine

SACHIN KANODIA,NEW DELHI vs. ITO WARD - 42(2), NEW DELHI

Appeal are dismissed

Bench: SHRI S. RIFAUR RAHMAN (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

purchase of shares of the company are nothing but sham transactions undertaken with the purpose of obtaining bogus long-term capital gains which are exempt

RAJESH KAPOOR,DELHI vs. ACIT, CIRCLE- 47(1), DELHI

Appeal is partly allowed

Bench: SHRI SATBEER SINGH GODARA (Judicial Member), SHRI MANISH AGARWAL (Accountant Member)

bogus. This is a glaring statement that gives sufficient reasons to disbelieve the book results declared by the assessee. During the appellate proceedings, appellant submitted ledger account and bills to substantiate his claim for genuine purchase. However, assessee could not produce the party along with documentary evidence and books of account as asked for verification. 5.9 From the above discussion

DCIT CENTRAL CIRCLE-31, NEW DELHI vs. RSWM LTD, KHARIGRAM

In the result, the appeal of the Revenue is dismissed

Bench: Shri Kul Bharat & Shri Pradip Kumar Kedia

bogus purchases made by the assessee company.” 3. When the matter was called for hearing, none appeared for the assessee. Therefore, the matter was proceeded ex-parte. 4. Briefly stated, the assessee has earned dividend income of Rs.1,73,38,318/- which is claimed as exempt

DCIT, CENTRAL CIRCLE-II, NOIDA vs. SHIV SHAKTI CONSTRUCTION, GREATER NOIDA

In the result, all the Revenue’s Appeals are dismissed

Bench: Shri Challa Nagendra Prasad & Shri Pradip Kumar Kedia

bogus purchases by AO, net profit ratio declared by the assessee qua the net profit ratio determined on the basis of estimated disallowances carried out by the Assessing Officer, the CIT(A) adopted a reasonable approach to sort out the issue and estimated the chargeable income @10% of the contract turnover excluding the interest income on FDR, IT refunds

DCIT, CENTRAL CIRCLE-II, NOIDA vs. SHIV SHAKTI CONSTRUCTION, GREATER NOIDA

In the result, all the Revenue’s Appeals are dismissed

Bench: Shri Challa Nagendra Prasad & Shri Pradip Kumar Kedia

bogus purchases by AO, net profit ratio declared by the assessee qua the net profit ratio determined on the basis of estimated disallowances carried out by the Assessing Officer, the CIT(A) adopted a reasonable approach to sort out the issue and estimated the chargeable income @10% of the contract turnover excluding the interest income on FDR, IT refunds

SHIV SHAKTI CONSTRUCTION,GAUTAM BUDH NAGER vs. ACIT, CENTRAL CIRCLE-2 , NOIDA

In the result, all the Revenue’s Appeals are dismissed

Bench: Shri Challa Nagendra Prasad & Shri Pradip Kumar Kedia

bogus purchases by AO, net profit ratio declared by the assessee qua the net profit ratio determined on the basis of estimated disallowances carried out by the Assessing Officer, the CIT(A) adopted a reasonable approach to sort out the issue and estimated the chargeable income @10% of the contract turnover excluding the interest income on FDR, IT refunds

DCIT CENTRAL CIRCLE-2, NOIDA vs. SHIV SHAKTI CONSTRUCTION, GREATER NOIDA

In the result, all the Revenue’s Appeals are dismissed

Bench: Shri Challa Nagendra Prasad & Shri Pradip Kumar Kedia

bogus purchases by AO, net profit ratio declared by the assessee qua the net profit ratio determined on the basis of estimated disallowances carried out by the Assessing Officer, the CIT(A) adopted a reasonable approach to sort out the issue and estimated the chargeable income @10% of the contract turnover excluding the interest income on FDR, IT refunds

SHIV SHAKTI CONSTRUCTIONS ,GAUTAM BUDH NAGER vs. ACIT, CENTRAL CIRCLE-2, NOIDA

In the result, all the Revenue’s Appeals are dismissed

Bench: Shri Challa Nagendra Prasad & Shri Pradip Kumar Kedia

bogus purchases by AO, net profit ratio declared by the assessee qua the net profit ratio determined on the basis of estimated disallowances carried out by the Assessing Officer, the CIT(A) adopted a reasonable approach to sort out the issue and estimated the chargeable income @10% of the contract turnover excluding the interest income on FDR, IT refunds

SHIV SHAKTI CONSTRUCTIONS,GAUTAM BUDH NAGAR vs. ACIT, CENTRAL CIRCLE-11, NOIDA

In the result, all the Revenue’s Appeals are dismissed

Bench: Shri Challa Nagendra Prasad & Shri Pradip Kumar Kedia

bogus purchases by AO, net profit ratio declared by the assessee qua the net profit ratio determined on the basis of estimated disallowances carried out by the Assessing Officer, the CIT(A) adopted a reasonable approach to sort out the issue and estimated the chargeable income @10% of the contract turnover excluding the interest income on FDR, IT refunds

SHIV SHAKTI CONSTRUCTIONS,GAUTAM BUDH NAGAR vs. ACIT, CENTRAL CIRCLE-11, NOIDA

In the result, all the Revenue’s Appeals are dismissed

Bench: Shri Challa Nagendra Prasad & Shri Pradip Kumar Kedia

bogus purchases by AO, net profit ratio declared by the assessee qua the net profit ratio determined on the basis of estimated disallowances carried out by the Assessing Officer, the CIT(A) adopted a reasonable approach to sort out the issue and estimated the chargeable income @10% of the contract turnover excluding the interest income on FDR, IT refunds

DCIT CENTRAL CIRCLE-2, NOIDA vs. SHIV SHAKTI CONSTRUCTION, GREATER NOIDA

In the result, all the Revenue’s Appeals are dismissed

Bench: Shri Challa Nagendra Prasad & Shri Pradip Kumar Kedia

bogus purchases by AO, net profit ratio declared by the assessee qua the net profit ratio determined on the basis of estimated disallowances carried out by the Assessing Officer, the CIT(A) adopted a reasonable approach to sort out the issue and estimated the chargeable income @10% of the contract turnover excluding the interest income on FDR, IT refunds

SHIV SHAKTI CONSTRUCTONS ,GAUTAM BUDH NAGAR vs. ACIT CENTAL CIRCLE-2, NOIDA

In the result, all the Revenue’s Appeals are dismissed

Bench: Shri Challa Nagendra Prasad & Shri Pradip Kumar Kedia

bogus purchases by AO, net profit ratio declared by the assessee qua the net profit ratio determined on the basis of estimated disallowances carried out by the Assessing Officer, the CIT(A) adopted a reasonable approach to sort out the issue and estimated the chargeable income @10% of the contract turnover excluding the interest income on FDR, IT refunds

DCIT, CENTRAL CIRCLE-II, NOIDA vs. SHIV SHAKTI CONSTRUCTION, GREATER NOIDA

In the result, all the Revenue’s Appeals are dismissed

Bench: Shri Challa Nagendra Prasad & Shri Pradip Kumar Kedia

bogus purchases by AO, net profit ratio declared by the assessee qua the net profit ratio determined on the basis of estimated disallowances carried out by the Assessing Officer, the CIT(A) adopted a reasonable approach to sort out the issue and estimated the chargeable income @10% of the contract turnover excluding the interest income on FDR, IT refunds

DCIT CENTRAL CIRCLE-2, NOIDA vs. SHIV SHAKTI CONSTRUCTION, GREATER NOIDA

In the result, all the Revenue’s Appeals are dismissed

Bench: Shri Challa Nagendra Prasad & Shri Pradip Kumar Kedia

bogus purchases by AO, net profit ratio declared by the assessee qua the net profit ratio determined on the basis of estimated disallowances carried out by the Assessing Officer, the CIT(A) adopted a reasonable approach to sort out the issue and estimated the chargeable income @10% of the contract turnover excluding the interest income on FDR, IT refunds

SHIV SHAKTI CONSTRUCTIONS,GAUTAM BUDH NAGAR vs. ACIT, CENTRAL CIRCLE-11, NOIDA

In the result, all the Revenue’s Appeals are dismissed

Bench: Shri Challa Nagendra Prasad & Shri Pradip Kumar Kedia

bogus purchases by AO, net profit ratio declared by the assessee qua the net profit ratio determined on the basis of estimated disallowances carried out by the Assessing Officer, the CIT(A) adopted a reasonable approach to sort out the issue and estimated the chargeable income @10% of the contract turnover excluding the interest income on FDR, IT refunds

INCOME TAX OFFICER, DELHI vs. MOHD RIZWAN, DELHI

In the result, addition of Rs

exemption from tax that was available in respect of winnings from lotteries, crossword puzzles, races, etc., was withdrawn. Similarly the observation by the Chairman that if it is alleged that these tickets were obtained through fraudulent means, it is upon the alleger to prove that it is so, ignores the reality. The transaction about purchase of winning ticket takes place

INCOME TAX OFFICER, C R BUILDING DELHI vs. SPECTRA TELEVENTURES PRIVATE LIMITED, SOUTH DELHI

In the result, the appeal of the Revenue is dismissed

Bench: Shri Yogesh Kumar U.S & Shri Manish Agarwal[Assessment Year : 2021-22] Ito, Vs Spectra Televentures Pvt.Ltd., Ward-24(1), B-170B, Gf, Khasra No.82, 83, C.R.Building, I.P.Estate, 84, 86, 91-94, Maidan Gari Delhi-110002. Extension, South Delhi, Delhi-110068. Pan-Aancs0303C Appellant Respondent Revenue By Shri Mahesh Kumar, Cit Dr Assessee By Ms. Rano Jain, Adv., Mansi Jain, Ca, Pranshu Singhal, Ca, Sakshi Rustagi, Adv. & Mudit Dewan, Adv. Date Of Hearing 27.05.2025 Date Of Pronouncement 20.08.2025 Order

exempted from GST is not correct as printed books such commercial catalogues are to be taxed at the rate of 12%. * Apart from the income of the creditor, other material evidence clearly demonstrates that such purchase transaction is a colorable transaction. 7.2.2 It is notice from the order of the A.O, that the appellant has also given further documents