NKG INFRASTRUCTURE LIMITED,NEW DELHI vs. DCIT, CENTRAL CIRCLE-27, DELHI

In the result, the appeal filed by the assessee is partly allowed and the appeal filed by the Revenue is dismissed

Bench: SHRI S.RIFAUR RAHMAN (Accountant Member), SHRI ANUBHAV SHARMA (Judicial Member)

bogus purchases without conducting independent enquiry regarding escapement of income. 6. AO has made addition on the basis that notice u/s 133(6) was issued to Giriraj Global Ltd. and Multiblizz Traders Private Limited which was duly served but no response was received from said parties. It is well settled law that merely because some of the persons

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

10A(1A) of the Act. 60. In the result, the ground raised by the assessee is allowed for statistical purposes with the direction that the Assessing Officer shall recompute the deduction as per law. 61. With regard to Ground No. 17 (b) and Additional Ground No.25 are interconnected therefore considered together. 62. Ground no.17(d) relates to the exclusion

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

In the result, the appeal being ITA No

Bench: Shris.Rifaur Rahman & Shri Sudhir Pareek

10A(1A) of the Act. 60. In the result, the ground raised by the assessee is allowed for statistical purposes with the direction that the Assessing Officer shall recompute the deduction as per law. 61. With regard to Ground No. 17 (b) and Additional Ground No.25 are interconnected therefore considered together. 62. Ground no.17(d) relates to the exclusion

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-19, NEW DELHI vs. KOYA AND COMPANY CONSTRUCTION LIMITED, HYDERABAD

In the result, the appeal filed by the Revenue is dismissed

Bench: Shris.Rifaur Rahman & Shri Sudhir Pareekdcit, Vs. M/S. Koya & Company Construction Ltd. Central Circle 19, 12-2-831/38/1, 72 Migh, New Delhi. Mehdipatnam, Hyderabad – 500 028 (Telangana). (Pan :Aacck3240R) (Appellant) (Respondent) Assessee By : Shri K.C. Devdas, Ar Revenue By : Shri Shankar Gupta, Sr. Dr Date Of Hearing : 13.10.2025 Date Of Order : 26.11.2025 Order Per S. Rifaur Rahman:

Purchase of goods 62,39,894 4. The assessee has maintained the TP documentation as prescribed under the Section 92D of the Income Tax Act, 1961 (‘the Act’) and considered Transactional Net Margin Method as the "most appropriate method" under Section 92C(l) of the Act and has filed the accountants report in Form 3CEB as prescribed under

SAHASRA ELECTRONICS PVT. LTD.,NEW DELHI vs. ITO, NEW DELHI

In the result, the appeal of the assessee in ITA No

Bench: Shri Anil Chaturvedi & Ms. Astha Chandraassessment Year: 2006-07

section 143(3) of the Act as under:- “14. After discussions, in view of the oral and written submissions made on behalf of the assessee company and on perusal of the documents on record, the returned income of the assessee company is being re-computed as under: (Rs.) (Rs.) Net Profit as per Profit & Loss Account

ITO, NEW DELHI vs. SAHASRA ELECTRONICS (P) LTD., NEW DELHI

In the result, the appeal of the assessee in ITA No

Bench: Shri Anil Chaturvedi & Ms. Astha Chandraassessment Year: 2006-07

section 143(3) of the Act as under:- “14. After discussions, in view of the oral and written submissions made on behalf of the assessee company and on perusal of the documents on record, the returned income of the assessee company is being re-computed as under: (Rs.) (Rs.) Net Profit as per Profit & Loss Account

ROHAN TOOLING SOLUTIONS INDIA PVT. LTD.,GURGOAN vs. ITO, WARD- 21(3), NEW DELHI

In the result, the appeal is partly allowed

Bench: Shri Saktijit Deyassessment Year: 2010-11

10A, Nr. Meenakshi Public School, Gurgaon- 122001 (Hr.) PAN :AACCR7221B (Appellant) (Respondent) Appellant by Shri M.R. Sahu, CA Respondent by Shri Om Parkash, Sr. DR Date of hearing 10.04.2023 Date of pronouncement 19.04.2023 ORDER This is an appeal by the assessee against order dated 23.08.2018 of learned Commissioner of Income-Tax (Appeals)-7, New Delhi pertaining to assessment year

DCIT, GURUGRAM vs. RAJESH KUMAR, SONEPAT

In the result, cross-appeal filed by the Revenue is dismissed

Bench: Shri Kul Bharat & Shri Avdhesh Kumar Mishra[Assessment Year : 2018-19] Rajesh Kumar, Vs Acit, C/O-Shiva Constructions Co., Central Circle-2, Plot No.69, Sidharth Enclave, Gurgaon. Delhi Road Sonipat, Sonipat, Haryana-131001. Pan-Bkspk2518K Appellant Respondent [Assessment Year : 2018-19] Dcit, Vs Rajesh Kumar, Gurgaon. C/O-Shiva Constructions Co., Plot No.69, Sidharth Enclave, Delhi Road,Sonipat, Haryana-131001. Pan-Bkspk2518K Appellant Respondent Appellant By Shri Umesh Takkar, Ca & Shri Saurabh Nagpal, Ca Respondent By Shri P N Barnwal, Sr.Dr Date Of Hearing 03.07.2024 Date Of Pronouncement 07.08.2024 Order Per Kul Bharat, Jm : These Two Cross-Appeals Filed By The Assessee & The Revenue, Are Directed Against The Order Passed By Ld. Commissioner Of Income Tax(Appeals) [“Ld.Cit(A)”]-3, Gurgaon Dated 31.10.2022 For The Assessment Year 2018-19. Both Appeals Of The Assessee & The Revenue Are Heard Together & Are Being Disposed Off By Way Of Common Order For The Sake Of Brevity.

purchase Para 7 3,40,55,423/- Addition u/s 41(1) Para 8 40,00,000/- Addition disallowance of bogus expenses Para 9 1,03,80,925/- Addition u/s 40(a)(ia) Para 10 8,56,214/- Addition u/s 40(a)(ia) Para 11 6,46,805/- Addition u/s 43B Para 12 1,32,19,450/- Addition

RAJESH KUMAR,SONEPAT vs. ACIT, CENTRAL CIRCLE-2, GURGAON

In the result, cross-appeal filed by the Revenue is dismissed

Bench: Shri Kul Bharat & Shri Avdhesh Kumar Mishra[Assessment Year : 2018-19] Rajesh Kumar, Vs Acit, C/O-Shiva Constructions Co., Central Circle-2, Plot No.69, Sidharth Enclave, Gurgaon. Delhi Road Sonipat, Sonipat, Haryana-131001. Pan-Bkspk2518K Appellant Respondent [Assessment Year : 2018-19] Dcit, Vs Rajesh Kumar, Gurgaon. C/O-Shiva Constructions Co., Plot No.69, Sidharth Enclave, Delhi Road,Sonipat, Haryana-131001. Pan-Bkspk2518K Appellant Respondent Appellant By Shri Umesh Takkar, Ca & Shri Saurabh Nagpal, Ca Respondent By Shri P N Barnwal, Sr.Dr Date Of Hearing 03.07.2024 Date Of Pronouncement 07.08.2024 Order Per Kul Bharat, Jm : These Two Cross-Appeals Filed By The Assessee & The Revenue, Are Directed Against The Order Passed By Ld. Commissioner Of Income Tax(Appeals) [“Ld.Cit(A)”]-3, Gurgaon Dated 31.10.2022 For The Assessment Year 2018-19. Both Appeals Of The Assessee & The Revenue Are Heard Together & Are Being Disposed Off By Way Of Common Order For The Sake Of Brevity.

purchase Para 7 3,40,55,423/- Addition u/s 41(1) Para 8 40,00,000/- Addition disallowance of bogus expenses Para 9 1,03,80,925/- Addition u/s 40(a)(ia) Para 10 8,56,214/- Addition u/s 40(a)(ia) Para 11 6,46,805/- Addition u/s 43B Para 12 1,32,19,450/- Addition

ACIT, CENTRAL CIRCLE-19, NEW DELHI vs. M/S K.R. PULP & PAPERS LTD,, NEW DELHI

In the result, the appeal of the Revenue is

Bench: Shri R.K. Panda & Shri N.K. Choudhry

section 147 of the I.T. Act, 1961 after recording the following reasons : 3 ITA.No.5064/Del./2017 M/s. K.R. Pulp and Papers Ltd., New Delhi. “A search and seizure operation u/s 132 of the I.T. Act, 1961 was carried out in the case of Shri. Raj Gopal Agarwal, Sh Madho Gopal Agarwal, Sh. Gopal Agarwal and M/S. K R Pulp & Papers

RICHMOND EDUCATIONAL SOCIETY,NOIDA vs. DCIT/ACIT CENTRAL CIRCLE, GHAZIABAD, GHAZIABAD

In the result, the appeal of the Assessee is allowed

section 10 of the Act that where a reference,\nunder the first proviso to sub-section (3) of section 143, has been made on or before\nthe 31st March, 2022 by the Assessing Officer for the contravention of certain\nprovisions of clause (23C) of section 10 of the Act, such references shall be dealt with\nin the manner provided under

LAKHMI CHAND CHARITABLE SOCIETY,NEW DELHI vs. PCIT CENTRAL 3, NEW DELHI

Bench: Shri S. Rifaur Rahman & Ms.Madhumita Roylakhmi Chand Vs. Principal Commissioner Charitable Society, Of Income Tax, Central-3 Elephanta Lane, Behind Room No. 325, 3Rd Floor, Sector-10/6 Market, New Income Tax Building, E-3 Golak Dham, Sector-10, Ara Centre, Jhandewalan Dwarka, Extension, New Delhi - 110075 New Delhi - 110055

purchase committee of the school was found on the same as laid down in SOP of the school. (Pg 73)  Comparison of these bills with genuine bills also reveals that genuine bills had multi-level verification. (Pg 73)  Sanjay Kumar in his statement dt.18.10.2020has stated that all the bills procured from parties whose expenses have been booked under various ledgers

MARUTI SUZUKI INDIA LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, all the three appeals of the assessee are allowed as indicated above and the appeal of Revenue is partly allowed

Bench: Shris.Rifaur Rahman & Shri Vimal Kumar

bogus claims of Long Term Capital Gain/Short Term Capital Loss or any other sham transactions. " Similarly, the clarification for unlisted shares states: "It is, however, clarified that the above would not be necessarily applied in the situation where: (i) the genuineness of the transaction in unlisted shares itself is questionable; or (ii) the transfer of unlisted shares is related

DCIT, NEW DELHI vs. M/S. MARUTI SUZUKI INDIA LTD., NEW DELHI

In the result, all the three appeals of the assessee are allowed as indicated above and the appeal of Revenue is partly allowed

Bench: Shris.Rifaur Rahman & Shri Vimal Kumar

bogus claims of Long Term Capital Gain/Short Term Capital Loss or any other sham transactions. " Similarly, the clarification for unlisted shares states: "It is, however, clarified that the above would not be necessarily applied in the situation where: (i) the genuineness of the transaction in unlisted shares itself is questionable; or (ii) the transfer of unlisted shares is related