ACIT, NEW DELHI vs. M/S. NAGAR DAIRY PVT. LTD., NEW DELHI

In the result, Appeal of the Revenue in ITA No

Bench: Dr. B. R. R. Kumar & Sh. Yogesh Kumar U.S.

bogus purchases. 4. On the facts and in the circumstances of the case, the Ld. CIT (A) has erred in adjudicating the addition made under section 40A(3) of the Act when the assessee had not taken any ground in this respect. 5. On the facts and in the circumstances of the case, the Ld. CIT (A) has erred

JCIT (OSD) CENTRAL CIRLCE-26, NEW DELHI vs. P L COMPUTER & COMMUNICATION PVT LTD, NEW DELHI

In the result, the appeal of the Revenue and the Cross

Bench: Dr. B. R. R. Kumarsh. Yogesh Kumar Us

section 153A/143(3) of the IT Act is contrary to the facts and circumstance of the case and also bad in the eyes of law. 2. Because the action is being challenged for observation of the Id. Assessing authority of the searched person as well as of the assessing authority of the appellant has erred in arriving to the conclusion

INCOME TAX OFFICER, HISAR vs. AJAY KUMAR, HISAR

In the result, the appeal filed by the Revenue for AY 2022-23 is dismissed

134/- undertaken from different parties, which have been not\nallowed as genuine purchases by the Ld. Assessing Officer for the\nreasons stated in the order reproduced above. Main reason to reject the\npurchases u/s 37 of the Income Tax Act, 1961 as non-genuine, was not\nreceiving reply to notices u/s 133(6) to selective suppliers. However, the\nappellant

SHIV HARI SINGLA,FARIDABAD vs. ITO WARD - (1), FARIDABAD

In the result, the appeal of the assessee is partly allowed

Bench: SHRI YOGESH KUMAR U.S (Judicial Member), SHRI MANISH AGARWAL (Accountant Member)

134 (DEL) IN ITA NO. 325/2008 vide order dt 22.07.2009 held as under: "As there was no case for disallowance for corresponding purchases no addition could be made under section 68 in as much as it is not in dispute that the creditors outstanding related to purchases and the trading results were accepted by the AO. We are, therefore

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

134. In this regard, it has been explained that commission 5% on the deal of Rs. 7,00,00,000/- (between SCIPL and Disney Broadcasting (India) Ltd & commission @ 5% on the deal aggregating to Rs 3,87,20,000/- (between SCIPL with Pioneer Channel Factory Pvt Ltd) was paid for acting as business advisory. The expenditure has been Justified

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

134. In this regard, it has been explained that commission 5% on the deal of Rs. 7,00,00,000/- (between SCIPL and Disney Broadcasting (India) Ltd & commission @ 5% on the deal aggregating to Rs 3,87,20,000/- (between SCIPL with Pioneer Channel Factory Pvt Ltd) was paid for acting as business advisory. The expenditure has been Justified

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

134. In this regard, it has been explained that commission 5% on the deal of Rs. 7,00,00,000/- (between SCIPL and Disney Broadcasting (India) Ltd & commission @ 5% on the deal aggregating to Rs 3,87,20,000/- (between SCIPL with Pioneer Channel Factory Pvt Ltd) was paid for acting as business advisory. The expenditure has been Justified

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 3, NEW DELHI, DELHI vs. SUPER CASSETTES INDUSTRIES PVT. LTD., 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

134. In this regard, it has been explained that commission 5% on the deal of Rs. 7,00,00,000/- (between SCIPL and Disney Broadcasting (India) Ltd & commission @ 5% on the deal aggregating to Rs 3,87,20,000/- (between SCIPL with Pioneer Channel Factory Pvt Ltd) was paid for acting as business advisory. The expenditure has been Justified

SUPER CASSETTES INDUSTRIES PVT LTD,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

134. In this regard, it has been explained that commission 5% on the deal of Rs. 7,00,00,000/- (between SCIPL and Disney Broadcasting (India) Ltd & commission @ 5% on the deal aggregating to Rs 3,87,20,000/- (between SCIPL with Pioneer Channel Factory Pvt Ltd) was paid for acting as business advisory. The expenditure has been Justified

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

134. In this regard, it has been explained that commission 5% on the deal of Rs. 7,00,00,000/- (between SCIPL and Disney Broadcasting (India) Ltd & commission @ 5% on the deal aggregating to Rs 3,87,20,000/- (between SCIPL with Pioneer Channel Factory Pvt Ltd) was paid for acting as business advisory. The expenditure has been Justified

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

134. In this regard, it has been explained that commission 5% on the deal of Rs. 7,00,00,000/- (between SCIPL and Disney Broadcasting (India) Ltd & commission @ 5% on the deal aggregating to Rs 3,87,20,000/- (between SCIPL with Pioneer Channel Factory Pvt Ltd) was paid for acting as business advisory. The expenditure has been Justified

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

134. In this regard, it has been explained that commission 5% on the deal of Rs. 7,00,00,000/- (between SCIPL and Disney Broadcasting (India) Ltd & commission @ 5% on the deal aggregating to Rs 3,87,20,000/- (between SCIPL with Pioneer Channel Factory Pvt Ltd) was paid for acting as business advisory. The expenditure has been Justified

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 3, DELHI vs. SUPER CASSETTES INDUSTRIES PRIVATE LIMITED, 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

134. In this regard, it has been explained that commission 5% on the deal of Rs. 7,00,00,000/- (between SCIPL and Disney Broadcasting (India) Ltd & commission @ 5% on the deal aggregating to Rs 3,87,20,000/- (between SCIPL with Pioneer Channel Factory Pvt Ltd) was paid for acting as business advisory. The expenditure has been Justified

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

134\n52,75,87,291\n88\n9,307,856\n59,88,84,419\n2014-15\n-\n-\n-\n9,625,455\n59,31,00,630\n100\n9,625,455\n59,31,00,630\n10. In this regard, we also observe that Ld. CIT(A) has rightly taken\ninto consideration the fact that the assessee justifies the reasons for\nsetting

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 3, DELHI vs. SUPER CASSETTES INDUSTRIES PRIVATE LIMITED, 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

134. In this regard, it has been explained that commission 5% on the deal of Rs. 7,00,00,000/- (between SCIPL and Disney Broadcasting (India) Ltd & commission @ 5% on the deal aggregating to Rs 3,87,20,000/- (between SCIPL with Pioneer Channel Factory Pvt Ltd) was paid for acting as business advisory. The expenditure has been Justified

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

134. In this regard, it has been explained that commission 5% on the deal of Rs. 7,00,00,000/- (between SCIPL and Disney Broadcasting (India) Ltd & commission @ 5% on the deal aggregating to Rs 3,87,20,000/- (between SCIPL with Pioneer Channel Factory Pvt Ltd) was paid for acting as business advisory. The expenditure has been Justified

SUPER CASSETTES INDUSTRIES PVT LTD,NEW 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

134. In this regard, it has been explained that commission 5% on the deal of Rs. 7,00,00,000/- (between SCIPL and Disney Broadcasting (India) Ltd & commission @ 5% on the deal aggregating to Rs 3,87,20,000/- (between SCIPL with Pioneer Channel Factory Pvt Ltd) was paid for acting as business advisory. The expenditure has been Justified

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 3, DELHI, DELHI vs. SUPER CASSETTES INDUSTRIES PVT. LTD., 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

134. In this regard, it has been explained that commission 5% on the deal of Rs. 7,00,00,000/- (between SCIPL and Disney Broadcasting (India) Ltd & commission @ 5% on the deal aggregating to Rs 3,87,20,000/- (between SCIPL with Pioneer Channel Factory Pvt Ltd) was paid for acting as business advisory. The expenditure has been Justified