ACIT, NEW DELHI vs. M/S. ACCURATE TRANSFORMERS LTD., NEW DELHI

In the result, the appeals of the Revenue are partly allowed

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

bogus purchases. Out of this addition of Rs.1,56,50,479/-, addition to the extent of Rs.33,01,015/- was rectified by him in his order dated 10.02.2009 u/s 154 of Income Tax Act, 1961. After the rectification

VAKSONS METAPLAST PVT LTD,DELHI vs. PCIT(CENTRAL), DELHI

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

Bench: Shris.Rifaur Rahman & Shri Anubhav Sharma

purchases held to be bogus. (ii) That the Id. Pr.CIT has erred ignoring the fact that the assessee having declared the bogus sales also, enhancement will lead to double taxation of the same income. 6. (i) On the facts and circumstances of the case, the learned Pr.CIT has erred both on facts and in law in directing the Assessing Officer

VAKSONS METAPLAST PVT LTD,DELHI vs. PCIT(CENTRAL), DELHI

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

Bench: Shris.Rifaur Rahman & Shri Anubhav Sharma

purchases held to be bogus. (ii) That the Id. Pr.CIT has erred ignoring the fact that the assessee having declared the bogus sales also, enhancement will lead to double taxation of the same income. 6. (i) On the facts and circumstances of the case, the learned Pr.CIT has erred both on facts and in law in directing the Assessing Officer

VAKSONS METAPLAST PVT LTD,DELHI vs. PCIT(CENTRAL), DELHI

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

Bench: Shris.Rifaur Rahman & Shri Anubhav Sharma

purchases held to be bogus. (ii) That the Id. Pr.CIT has erred ignoring the fact that the assessee having declared the bogus sales also, enhancement will lead to double taxation of the same income. 6. (i) On the facts and circumstances of the case, the learned Pr.CIT has erred both on facts and in law in directing the Assessing Officer

DCIT, NEW DELHI vs. M/S. GULSHAN CHEMICALS LTD., NEW DELHI

In the result, the appeals of the revenue are dismissed

Bench: Ms. Sushma Chowladr. B. R. R. Kumarita No. 1523/Del/2015 :Asstt. Year : 2011-12 Ita No. 1524/Del/2015 :Asstt. Year : 2011-12 Dcit, Vs M/S Gulshan Chemicals Ltd., Circle-10(2), E-12, Greater Kailash-I, New Delhi New Delhi-110048 (Appellant) (Respondent) Pan No. Aaacg4002H

rectification u/s 154. 5. The ld. CIT (A) deleted the addition made u/s 154 on the grounds that the Assessing Officer has failed to accord an opportunity while enhancing the assessed income and the order suffers from severe infirmity of denial of natural justice. 6. Aggrieved, the revenue filed appeal before the Tribunal. 7. The original assessment order

DCIT, NEW DELHI vs. M/S. GULSHAN CHEMICALS LTD., NEW DELHI

In the result, the appeals of the revenue are dismissed

Bench: Ms. Sushma Chowladr. B. R. R. Kumarita No. 1523/Del/2015 :Asstt. Year : 2011-12 Ita No. 1524/Del/2015 :Asstt. Year : 2011-12 Dcit, Vs M/S Gulshan Chemicals Ltd., Circle-10(2), E-12, Greater Kailash-I, New Delhi New Delhi-110048 (Appellant) (Respondent) Pan No. Aaacg4002H

rectification u/s 154. 5. The ld. CIT (A) deleted the addition made u/s 154 on the grounds that the Assessing Officer has failed to accord an opportunity while enhancing the assessed income and the order suffers from severe infirmity of denial of natural justice. 6. Aggrieved, the revenue filed appeal before the Tribunal. 7. The original assessment order

ACIT, NEW DELHI vs. M/S ADVERT COMMUNICATION, DELHI

In the result, appeal of the revenue is dismissed

Bench: Shri L.P. Sahu

rectification u/s 154, revision u/s 263 or reassessment u/s 147/148 or 153A/153C of the Act which can only be exercised after satisfaction and fulfilment of stringent statutory conditions. It is pertinent to note that since the revenue has no statutory right of appeal against the assessment order, the CIT(A) is not an ordinary court of appeal

ITO, NEW DELHI vs. M/S GANPATI HYDRO POWER PVT. LTD.,, NEW DELHI

In the result the ground No

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

154 and 263 etc. but all these sections have certain time limits within which these sections can be invoked Whether it is a rectification of a mistake, or initiation of proceedings for income escaping assessment, or even a revision proceeding everything must be completed within the prescribed time limit. To suggest that even a proceeding before the Tribunal

SRF LTD.,NEW DELHI vs. ACIT, NEW DELHI

In the result, the appeal being ITA No

Bench: Shris.Rifaur Rahman & Shri Sudhir Pareek

u/s 115JB. Further assessee has sought to exclude/include certain provisions written back /created from the computation of book profits u/s 115JB of the Act. The claim for exclusion/inclusion of such items in computation of book profits was made by the assessee before lower authorities. However the lower authorities did not entertain the additional claim of the assessee. The items sought

SRF LIMITED,NEW DELHI vs. DCIT, CIRCLE- 1, LTU, NEW DELHI

In the result, the appeal being ITA No

Bench: Shris.Rifaur Rahman & Shri Sudhir Pareek

u/s 115JB. Further assessee has sought to exclude/include certain provisions written back /created from the computation of book profits u/s 115JB of the Act. The claim for exclusion/inclusion of such items in computation of book profits was made by the assessee before lower authorities. However the lower authorities did not entertain the additional claim of the assessee. The items sought

DELICATE REALTORS PVT. LTD.,NEW DELHI vs. ACIT, NEW DELHI

In the result, all the three appeals filed by the respective assessees are allowed

Bench: Shri R. K. Panda & Ms Suchitra Kamblei.T.A .No. 3185/Del/2015 (A.Y .2011-12)

bogus companies to provide accommodation entries were never confronted to the appellant during the assessment proceedings. In this regard, I have perused the show cause letter issued by the assessing officer dt.29.01.2013 which is part of the paper book page 79-83. In the said show cause entire flow of fund leading to issuance of payment made to Delicate, Design

PAVITRA REALCON PVT. LTD.,NEW DELHI vs. ACIT, NEW DELHI

In the result, all the three appeals filed by the respective assessees are allowed

Bench: Shri R. K. Panda & Ms Suchitra Kamblei.T.A .No. 3185/Del/2015 (A.Y .2011-12)

bogus companies to provide accommodation entries were never confronted to the appellant during the assessment proceedings. In this regard, I have perused the show cause letter issued by the assessing officer dt.29.01.2013 which is part of the paper book page 79-83. In the said show cause entire flow of fund leading to issuance of payment made to Delicate, Design

DCIT, GHAZIABAD vs. SHRI ALOK GARG, GHAZIABAD

In the result, the appeal of the department is dismissed

Bench: Sh. N. K. Sainiita No. 3386/Del/2016 : Asstt. Year : 2010-11 Dy. Commissioner Of Income-Tax, Vs Sh. Alok Garg, Circle-1, R-11/125, Raj Nagar, Gyhaziabad Ghaziabad (Appellant) (Respondent) Pan No. Aarpg7151K Assessee By : Sh. Somil Aggarwal, Adv. & Sh. Deepesh Garg, Adv. Revenue By : Sh. Amrit Lal, Sr. Dr Date Of Hearing : 16.05.2017 Date Of Pronouncement : 20.06.2017 Order This Is An Appeal By The Department Against The Order Dated 21.03.2016 Of Ld. Cit(A), Aligarh.

bogus nor any contrary confirmation from any 3 Alok Garg creditor has been brought on record. Purchases are reflected in audited P & L A/c and are comparable with purchases in earlier years assessed u/s 143(3). 4. Assessee made labour payments for semi skilled and skilled labour in Himachal Pradesh and hilly and tough terrains at prevailing market rate

JRD STOCK BROKERS (P) LTD vs. COMMISSIONER OF INCOME TAX-II

purchase transactions recorded in the books were mere accommodation entries. 2. The Assessing Officer vide assessment order dated 27th November, 2002, held that the assessee had earned commission @ 1.5% from the said transactions on the turnover of Rs.1,04,76,94,004/-. Undisclosed income of Rs.1.57 crores as commission earned was assessed. In the first appeal, Commissioner of Income

VANDANA JAIN,SONIPAT vs. PCIT(CENTRAL)-1, DELHI

In the result, appeals of the Assessee are allowed

Bench: Shri Challa Nagendra Prasad & Shri M Balaganeshआ.अ.सं/.I.T.A Nos.2341 To 2343/Del/2025 िनधा"रणवष"/Assessment Years: 2017-18 To 2019-20 बनाम Vandana Jain Pcit (Central), Veersons Building, Gohana Road, Vs. Delhi-1. Fazilpur B.O. Barwasni (202), Sonipat, Haryana, India. Pan No.Aampj6134E अपीलाथ" Appellant ""यथ"/Respondent

bogus purchases also, enhancement will lead to double taxation of the same income. 6. (i) On the facts and circumstances of the case, the Ld. PCIT has erred both on facts and in law in directing the Assessing Officer to re-compute the interest u/s 234A of the Act. (ii) That the re-computation of interest u/s 234A

VANDANA JAIN,SONIPAT vs. PCIT(CENTRAL)-1, DELHI

In the result, appeals of the Assessee are allowed

Bench: Shri Challa Nagendra Prasad & Shri M Balaganeshआ.अ.सं/.I.T.A Nos.2341 To 2343/Del/2025 िनधा"रणवष"/Assessment Years: 2017-18 To 2019-20 बनाम Vandana Jain Pcit (Central), Veersons Building, Gohana Road, Vs. Delhi-1. Fazilpur B.O. Barwasni (202), Sonipat, Haryana, India. Pan No.Aampj6134E अपीलाथ" Appellant ""यथ"/Respondent

bogus purchases also, enhancement will lead to double taxation of the same income. 6. (i) On the facts and circumstances of the case, the Ld. PCIT has erred both on facts and in law in directing the Assessing Officer to re-compute the interest u/s 234A of the Act. (ii) That the re-computation of interest u/s 234A

VANDANA JAIN,SONIPAT vs. PCIT(CENTRAL)-1, DELHI

In the result, appeals of the Assessee are allowed

Bench: Shri Challa Nagendra Prasad & Shri M Balaganeshआ.अ.सं/.I.T.A Nos.2341 To 2343/Del/2025 िनधा"रणवष"/Assessment Years: 2017-18 To 2019-20 बनाम Vandana Jain Pcit (Central), Veersons Building, Gohana Road, Vs. Delhi-1. Fazilpur B.O. Barwasni (202), Sonipat, Haryana, India. Pan No.Aampj6134E अपीलाथ" Appellant ""यथ"/Respondent

bogus purchases also, enhancement will lead to double taxation of the same income. 6. (i) On the facts and circumstances of the case, the Ld. PCIT has erred both on facts and in law in directing the Assessing Officer to re-compute the interest u/s 234A of the Act. (ii) That the re-computation of interest u/s 234A

SUDHIR KUMAR KHEMKA,PANIPAT vs. ITO, WARD- 3 , PANIPAT

In the result, appeal of the assessee is allowed

Bench: Shri O.P. Kant & Shri Kuldip Singh

rectification u/s 154 without any modification and without giving any reason for rejecting it. [3.1] That Ld.CIT(A) without affording an opportunity of being heard prior to dispose-off the application u/s 154 erred in law disposing-off the appellant’s application u/s 154 which is also beyond time limitation. [4.0] The appellant craves to leave/add/amend/modify/delete/forego and to substitute