NKG INFRASTRUCTURE LTD,NEW DELHI vs. JCIT(OSD), CENTRAL CIRCLE-27, NEW DELHI
In the result, the appeal of the assessee and the appeal of the Revenue are partly allowed
ITA 2501/DEL/2022[2014-15]Status: DisposedITAT Delhi27 Jun 2023AY 2014-15
Bench: Shri C.M. Garg & Shri M. Balaganeshassessment Year: 2014-15 Nkg Infrastructure Ltd., Vs Jcit (Osd), 204, Kailash Building, Central Circle-27, 26, Kg Marg, New Delhi. New Delhi – 110 001. Pan: Aaccn1659D Assessment Year: 2014-15 Dcit, Vs. Nkg Infrastructure Central Circle-27, Ltd., New Delhi. 204, Kailash Building, 26, Kg Marg, New Delhi – 110 001. Pan: Aaccn1659D
For Appellant: Shri Akshat Jain, CA &For Respondent: Ms Raja Rajeshwari R., Sr. DR
Section 139(1)Section 143(3)Section 147Section 148Section 151Section 69C
bogus, the sale made to Anirudh & Raj Builders Pvt. Ltd. is genuine and this fact is not doubted by the Revenue. Hence, it would be just and fair to bring to tax only the profit embedded in the value of such disputed purchases. This profit has been consistently estimated by this Tribunal @ 12.5% on the value of disputed purchases which