DCIT, NEW DELHI vs. M/S KOKOLATH BUILDERS & DEVELOPERS PVT. LTD.,, NEW DELHI

In the result, the appeal of the Revenue stands dismissed

Bench: Shri Chandra Mohan Garg & Shri L.P. Sahu

bogus. The ld. CIT(A) further held that the provisions of section 40(a)(ia) are not attracted in this case as the assessee has not claimed any deduction for any expenses on account of payment made to M/s Vikram Electric Equipment Pvt. Ltd either in its profit and loss account or in the computation of taxable income filed

DCIT, NEW DELHI vs. M/S. METRO TYRES LTD., NEW DELHI

In the result, the appeal filed by the Department is

Bench: Shri H.S. Sidhu & Shri Anadee Nath Misshraassessment Year: 2011-12 Dcit, Cc-5, New Delhi Vs. M/S Metro Tyres Ltd., Room No. 361, 3Rd Floor, R/O 101, Jyoti Bhawan Ara Centre, Commercial Complex, Jhandewalan Extn., Dr. Mukherjee Nagar, New Delhi New Delhi – 11 009 (Pan : Aaacm3394A) (Appellant) (Respondent)

bogus purchases. 3. The appellant craves leave to add, amend any / all the grounds of appeal before or during the course of hearing of the appeal. 2. At the time of hearing, Ld. Counsel for the Assessee has stated that the tax effect involved in this Departmental Appeal is less than Rs.50 lakhs, hence, he requested that the appeal

ACIT, CIRCLE- 7(1), NEW DELHI vs. DECENT FINANCIAL SERVICES PVT. LTD., NEW DELHI

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

Bench: The Ld. Cit (A) Challenging Both

Section 268A of the Income-tax Act, 1961 - Filing of appeal or application for reference by income-tax authority (Circular No. 23 of 2019) - Assessment year 2011-12 - Whether Circular No. 23 of 2019 dated 6-9-2019 read with Office Memorandum dated 16-9-2019, shall apply when assessee has earned/claimed bogus L TCG/STCL through penny stocks - Held

ACIT, CIRCLE- 30(1), NEW DELHI vs. UMESH KUMAR ARORA, NEW DELHI

In the result, the appeal of the Revenue is dismissed

Bench: Shri Shamim Yahya & Ms. Astha Chandraassessment Year: 2014-15 Vs. Acit, M/S. Umesh Kumar Arora, Circle-30(1), C-15, Greater Kailash Enclave-1, New Delhi Delhi-1100 48 Pan Aaapa4832A Pan :Aaapa4832A (Appellant) (Respondent)

bogus and fraudulent entries for their clients.” 3. The assessee is an individual. He derived income from house property, business and other sources. He filed his return for AY 2014-15 on 16.03.2015 declaring an income of Rs. 64,08,730. His case was selected for scrutiny under CASS. During assessment proceedings, when confronted by the Ld. Assessing Officer

DCIT, NEW DELHI vs. M/S. SUPER PLASTIC COATS (P) LTD., NEW DELHI

Bench: Shri I.C. Sudhir & Shri O.P. Kant -Do- :2006-07 -Do- :2003-04 -Do- :2004-05 -Do- :2005-06 -Do- :2007-08 -Do- :2008-09 Deputy Cit, Vs. M/S. Super Plastic Coats Central Circle-13, (P)Ltd., West Punjab New Delhi. Bagh, New Delhi. (Pan: Aaecs2311M) (Appellant) (Respondent)

268A of the Income-tax Act, 1961. We thus dismiss the said appeal as such as not maintainable. 2. In the appeals for the assessment years 2003-04, 2004-05, 2005-06, 2006-07 and 2007-08, the Revenue has raised common issue questioning the validity of action of the Learned CIT(Appeals) in deleting the addition made