MAHAVIR TRANSMISSION LTD,NEW DELHI vs. DCIT, CENTRAL CORCLE-25, NEW DELHI

In the result, the all appeals of the assessee are allowed and all the appeals of the Revenue are dismissed

Bench: Dr. B. R. R. Kumar, Sh. Sudhir Kumar

bogus purchases. 72. Thus, considering the above mentioned facts and circumstances of the case and the abundant evidences furnished by the assessee in order to substantiate the genuineness of the purchases, there was nothing whatsoever for the ld. CIT(A) to sustain gross profit addition on alleged purchases over and above the gross profit declared by the assessee. In view

MAHAVIR TRANSMISSION LTD,NEW DELHI vs. DCIT, CENTRAL CIRCLE-25, NEW DELHI

In the result, the all appeals of the assessee are allowed and all the appeals of the Revenue are dismissed

Bench: Dr. B. R. R. Kumar, Sh. Sudhir Kumar

bogus purchases. 72. Thus, considering the above mentioned facts and circumstances of the case and the abundant evidences furnished by the assessee in order to substantiate the genuineness of the purchases, there was nothing whatsoever for the ld. CIT(A) to sustain gross profit addition on alleged purchases over and above the gross profit declared by the assessee. In view

MAHAVIR TRANSMISSION LTD,NEW DELHI vs. DCIT, CENTRAL CIRCLE-25, NEW DELHI

In the result, the all appeals of the assessee are allowed and all the appeals of the Revenue are dismissed

Bench: Dr. B. R. R. Kumar, Sh. Sudhir Kumar

bogus purchases. 72. Thus, considering the above mentioned facts and circumstances of the case and the abundant evidences furnished by the assessee in order to substantiate the genuineness of the purchases, there was nothing whatsoever for the ld. CIT(A) to sustain gross profit addition on alleged purchases over and above the gross profit declared by the assessee. In view

MAHAVIR TRANSMISSIN LTD ,NEW DELHI vs. DCIT, CENTRAL CIRCLE-25 , NEW DELHI

In the result, the all appeals of the assessee are allowed and all the appeals of the Revenue are dismissed

Bench: Dr. B. R. R. Kumar, Sh. Sudhir Kumar

bogus purchases. 72. Thus, considering the above mentioned facts and circumstances of the case and the abundant evidences furnished by the assessee in order to substantiate the genuineness of the purchases, there was nothing whatsoever for the ld. CIT(A) to sustain gross profit addition on alleged purchases over and above the gross profit declared by the assessee. In view

DCIT, CENTRAL CIRCLE-25, NEW DELHI vs. MAHAVEER TRANSMISSION LTD, NEW DELHI

In the result, the all appeals of the assessee are allowed and all the appeals of the Revenue are dismissed

Bench: Dr. B. R. R. Kumar, Sh. Sudhir Kumar

bogus purchases. 72. Thus, considering the above mentioned facts and circumstances of the case and the abundant evidences furnished by the assessee in order to substantiate the genuineness of the purchases, there was nothing whatsoever for the ld. CIT(A) to sustain gross profit addition on alleged purchases over and above the gross profit declared by the assessee. In view

DCIT, CENTRAL CIRCLE-25, NEW DELHI vs. MAHAVEER TRANSMISSION LTD., NEW DELHI

In the result, the all appeals of the assessee are allowed and all the appeals of the Revenue are dismissed

Bench: Dr. B. R. R. Kumar, Sh. Sudhir Kumar

bogus purchases. 72. Thus, considering the above mentioned facts and circumstances of the case and the abundant evidences furnished by the assessee in order to substantiate the genuineness of the purchases, there was nothing whatsoever for the ld. CIT(A) to sustain gross profit addition on alleged purchases over and above the gross profit declared by the assessee. In view

DCIT, CENTRAL CIRCLE-25, NEW DELHI vs. MAHAVEER TRANSMISSION LTD, NEW DELHI

In the result, the all appeals of the assessee are allowed and all the appeals of the Revenue are dismissed

Bench: Dr. B. R. R. Kumar, Sh. Sudhir Kumar

bogus purchases. 72. Thus, considering the above mentioned facts and circumstances of the case and the abundant evidences furnished by the assessee in order to substantiate the genuineness of the purchases, there was nothing whatsoever for the ld. CIT(A) to sustain gross profit addition on alleged purchases over and above the gross profit declared by the assessee. In view

GOEL PAWAN KUMAR & FAMILY (HUF) ,SONIPAT vs. INCOME TAX OFFICER, NEW DELHI

In the result, the appeal of the assessee is partly allowed as indicated above

12A, Ground Floor, VS. New Delhi.\nTDI Espania Royal,\nSonepat - 131 001 (Haryana).\n(PAN : AAAHG7789J)\n(APPELLANT)\n(RESPONDENT)\nASSESSEE BY : Shri Roshan Kumar, Advocate\nREVENUE BY : Shri B.S. Anand, Sr. DR\nDate of Hearing : 05.03.2025\nDate of Order : 21.05.2025\nORDER\n1.\nThe assessee has filed this appeal against the order of the Learned\nCommissioner of Income Tax (Appeals

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)

bogus LTCG Rs 63,01,425/- being receipt by cheque and Rs 189,043 being alleged commission @3% on above amount addition made u/s 69C Rs 189,043) is made without appreciating that LTCG arising from share sales on floor of stock exchange after due payment of STT through recognized stock broker for which voluminous evidence of purchase and sale

INCOME TAX OFFICER(E) WARD- 2(4), NEW DELHI, CIVIC CENTRE NEW DELHI vs. PRAKASH SEWA TRUST, PASCHIM VIHAR

In the result, the appeal of the Revenue is dismissed

purchaser\nto fetch higher price and the land was sold just above the circle rate With these\nobservations, the AO treated the transaction of the property to be non-genuine\nand made the additions rejecting exemption u/s 11 of the Act to the appellant. In\nconnection with the grounds raised by the appellant, there are various issues\nrequiring consideration which

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

M/S CARE INDIA SOLUTION FOR SUSTAINABLE DEVELOPMENT,DELHI vs. DCIT, CENTRAL CIRCLE-14, DELHI

In the result, the appeals of the assessee are allowed for\nstatistical purpose

Bogus expenses claimed by CISSD which does not\nappear to be related to the objects of the assessee\nin the nature of travel bills, consultancy expense\netc.\n• Purchases from suspicious entities who file their\nITR or GST return irregularly.\n• Large amount of expenses on fund raising activity,\nwhich cannot be accepted to be as per objects of\nthe

ADVANTAGE INDIA,NEW DELHI vs. PR.CIT (CENTRAL)-II, NEW DELHI

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

12A with retrospective effect, there being no express provision in\nthe section. The Id AR relied on the decision of State of Rajasthan Vs\nBasant Agrotech India Ltd 388 ITR 81 (SC) and Industrial\nInfrastructure Development Corporation(Gwalior) MP Ltd 403 ITR\n01(SC) and Auro Lab Vs ITO (2019) 411 ITR 308(Mad).\n13. Per contra

SUNIL GUPTA,DELHI vs. ACIT, CIRCLE-55(1), NEW DELHI

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

Bench: Shri Vikas Awasthy & Shri Naveen Chandraadvantage India Vs. The Pr. C.I.T 101-102, Oriental House Central - 2 Gulmohar Enclave New Delhi New Delhi

12A with retrospective effect, there being no express provision in the section. The ld AR relied on the decision of State of Rajasthan Vs Basant Agrotech India Ltd 388 ITR 81 (SC) and Industrial Infrastructure Development Corporation(Gwalior) MP Ltd 403 ITR 01(SC) and Auro Lab Vs ITO (2019) 411 ITR 308(Mad). Page 8 of 61 Advantage India

REENA KUMARI,NEW DELHI vs. ITO, NEW DELHI

The appeal of the assessee is allowed with consequences to follow

Bench: Shri S. Rifaur Rahman & Shri Anubhav Sharmaassessment Year: 2015-16 Reena Kumari, Vs Income Tax Officer, C-435, First Floor, Ward-54(4), Defence Colony, New Delhi. New Delhi – 110 024. Pan: Abcps0078F (Appellant) (Respondent) Assessee By : Shri R.S. Ahuja, Ca & Shri Pushpdeep Singh, Advocate Revenue By : Ms Harpreet Kaur Hansra, Sr. Dr Date Of Hearing : 26.11.2024 Date Of Pronouncement : 20.12.2024

bogus. 4 (f) Treating the transaction of purchase and sale of shares listed on recognized stock exchange through a registered stock broker in respect of which appellant has already submitted copy of all the bills. Contract notes, depository statements, bank statements, etc, in support of transaction and which are enough evidence to support her bonafide as manipulative, merely based

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 3, NEW DELHI, DELHI vs. BHUSHAN DUA, DELHI

Bench: Ms. Madhumita Roy & Shri Naveen Chandraa.Y. 2015-16 A.Y. 2016-17 A.Y. 2017-18 A.Y. 2018-19 A.Y. 2019-20

Bogus expenses to SCIPL. 8.22 In respect of transaction with M/s Sagal International Pvt Ltd, Ld. Counsel for the assessee highlighted that the AO has erroneously added Rs. 38,50,000/- instead of Rs. 32,50,000/- to the total income of appellant company being 5% of job work amount of Rs. 6,50,00,000/-. On verification of this

SUPER CASSETTES INDUSTRIES PRIVATE LIMITED,DELHI vs. DCIT CENTRAL CIRCLE 03, DELHI

Bench: Ms. Madhumita Roy & Shri Naveen Chandraa.Y. 2015-16 A.Y. 2016-17 A.Y. 2017-18 A.Y. 2018-19 A.Y. 2019-20

Bogus expenses to SCIPL. 8.22 In respect of transaction with M/s Sagal International Pvt Ltd, Ld. Counsel for the assessee highlighted that the AO has erroneously added Rs. 38,50,000/- instead of Rs. 32,50,000/- to the total income of appellant company being 5% of job work amount of Rs. 6,50,00,000/-. On verification of this

SUPER CASSETTES INDUSTRIES PRIVATE LIMITED,DELHI vs. DCIT CENTRAL CIRCLE-3, DELHI

Bench: Ms. Madhumita Roy & Shri Naveen Chandraa.Y. 2015-16 A.Y. 2016-17 A.Y. 2017-18 A.Y. 2018-19 A.Y. 2019-20

Bogus expenses to SCIPL. 8.22 In respect of transaction with M/s Sagal International Pvt Ltd, Ld. Counsel for the assessee highlighted that the AO has erroneously added Rs. 38,50,000/- instead of Rs. 32,50,000/- to the total income of appellant company being 5% of job work amount of Rs. 6,50,00,000/-. On verification of this

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 3, NEW DELHI, DELHI vs. BHUSHAN DUA, DELHI

Bench: Ms. Madhumita Roy & Shri Naveen Chandraa.Y. 2015-16 A.Y. 2016-17 A.Y. 2017-18 A.Y. 2018-19 A.Y. 2019-20

Bogus expenses to SCIPL. 8.22 In respect of transaction with M/s Sagal International Pvt Ltd, Ld. Counsel for the assessee highlighted that the AO has erroneously added Rs. 38,50,000/- instead of Rs. 32,50,000/- to the total income of appellant company being 5% of job work amount of Rs. 6,50,00,000/-. On verification of this