NINA KSHETRY,NOIDA vs. ACIT, CIRCLE INT.TAX. 2(1)(2), NEW DELHI

In the result, the appeal of the assesses in ITA 1876/Del/2023, ITA

Bench: Sh. C.N. Prasad & Sh. Naveen Chandraassessment Year: 2016-17

6. That in view of the facts and circumstances of the case and in law, the issuance of notice under Section 148 and reassessment proceedings are illegal and bad in law as there is a clear violation of the mandatory and binding Circular/Instruction dated 04.03.2021 as modified on 12.03.2021. Thus, the proceedings and the subsequent actions/orders are illegal and liable

RENU SINGH,DELHI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3, DELHI, DELHI

In the result, the appeal of the assessee is allowed

Bench: Shri Pradip Kumar Kedia & Shri Pradip Kumar Kedia & Shri Pradip Kumar Kedia & Shri Vimal Kumarshri Vimal Kumar

6. Aggrieved by the additions on account of alleged by the additions on account of alleged under reporting of sale reporting of sale consideration for the purposes purposes of determination of capital gains, the assessee of determination of capital gains, the assessee preferred appeal before the the Ld.CIT(A). The CIT(A) however, also declined any wever, also declined

MADHURITTU PURI,UNITED KINGDOM vs. DCIT, CIRCLE INTERNATIONAL TAXATION 2(2)(2) , NEW DELHI

In the result, the appeal of the assessee is allowed

Bench: Shri G.S. Pannu, Hon’Ble & Ms. Astha Chandraasstt. Year: 2019-20

142A of the Act to Department’s Valuation Officer ( DVO ) for determining fair market value (‘FMV’) of house property as on 01/04/2001 was unlawful and invalid. b) Both the independent registered valuer’s reports as relied upon and furnished by the Appellant ought to have been accepted and made the basis for estimating/determining FMV of house property

DILIP KAPUR,UNITED STATES OF AMERICA vs. ACIT, CIRCLE 2(1)(2) INTERNATIONAL TAXATION, NEW DELHI

Appeal of the assessee is allowed

Bench: Dr. Brr Kumarshri Sudhir Pareek

capital gain on the basis of report issued by DVO under Section 142A of the Income Tax Act 6. On the facts

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

6) TMI 719 - ITAT Delhi Dated: - 14-3-2023 ITA Nos. 2844 to 2846/Del/2022 Mahavir Transmission Ltd. “5. After careful consideration of rival submissions of both the sides and facts and circumstances of the present case coupled with proposition rendered by the Hon’ble Jurisdictional High Court of Delhi under identical circumstances in the case

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

6) TMI 719 - ITAT Delhi Dated: - 14-3-2023 ITA Nos. 2844 to 2846/Del/2022 Mahavir Transmission Ltd. “5. After careful consideration of rival submissions of both the sides and facts and circumstances of the present case coupled with proposition rendered by the Hon’ble Jurisdictional High Court of Delhi under identical circumstances in the case

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

6) TMI 719 - ITAT Delhi Dated: - 14-3-2023 ITA Nos. 2844 to 2846/Del/2022 Mahavir Transmission Ltd. “5. After careful consideration of rival submissions of both the sides and facts and circumstances of the present case coupled with proposition rendered by the Hon’ble Jurisdictional High Court of Delhi under identical circumstances in the case

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

6) TMI 719 - ITAT Delhi Dated: - 14-3-2023 ITA Nos. 2844 to 2846/Del/2022 Mahavir Transmission Ltd. “5. After careful consideration of rival submissions of both the sides and facts and circumstances of the present case coupled with proposition rendered by the Hon’ble Jurisdictional High Court of Delhi under identical circumstances in the case

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

6) TMI 719 - ITAT Delhi Dated: - 14-3-2023 ITA Nos. 2844 to 2846/Del/2022 Mahavir Transmission Ltd. “5. After careful consideration of rival submissions of both the sides and facts and circumstances of the present case coupled with proposition rendered by the Hon’ble Jurisdictional High Court of Delhi under identical circumstances in the case

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

6) TMI 719 - ITAT Delhi Dated: - 14-3-2023 ITA Nos. 2844 to 2846/Del/2022 Mahavir Transmission Ltd. “5. After careful consideration of rival submissions of both the sides and facts and circumstances of the present case coupled with proposition rendered by the Hon’ble Jurisdictional High Court of Delhi under identical circumstances in the case

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

6) TMI 719 - ITAT Delhi Dated: - 14-3-2023 ITA Nos. 2844 to 2846/Del/2022 Mahavir Transmission Ltd. “5. After careful consideration of rival submissions of both the sides and facts and circumstances of the present case coupled with proposition rendered by the Hon’ble Jurisdictional High Court of Delhi under identical circumstances in the case

BIMLA,DELHI vs. ITO WARD-38(5), NEW DELHI

In the result, the appeal filed by the assessee is partly allowed

Bench: Shri S.Rifaur Rahman & Shri Sudhir Pareekbimla, Vs. Ito, Ward 38 (5), H.No.143, Village Hamidpur, New Delhi. Delhi – 110 036. (Pan : Bpdpb9344B) (Appellant) (Respondent) Assessee By : Shri Gautam Jain, Advocate Shri Ankit Kumar, Advocate Revenue By : Shri Kanv Bali, Sr. Dr Date Of Hearing : 18.09.2024 Date Of Order : 26.11.2024 Order Per S.Rifaur Rahman,Am: 1. This Appeal Is Filed By The Assessee Against The Order Of Ld. Commissioner Of Income-Tax Appeals-13, New Delhi (Hereinafter Referred To ‘Ld. Cit (A)’) Dated 23.07.2019 For Assessment Year 2014-15. 2. Brief Facts Of The Case Are, Assessee Filed Return Of Income Declaring Total Income Of Rs.2,23,030/- On 14.08.2014. The Return Of Income Was Processed Under Section 143 (1) Of The Income-Tax Act, 1961 (For Short ‘The Act’). The Case Was Selected For Scrutiny Through Cass & Notices

6. Now coming to the question regarding action of the learned CIT(Appeals) to treat the reference u/s 142 for the purpose of Section 69B, I find merit into the contention of the assessee that there is no power conferred upon the learned CIT(Appeals) to assess a particular item under different provision of the Act what the Assessing Officer

DCIT, CIRCLE 4(2), NEW DELHI vs. BSL SCAFFOLDING LTD, NEW DELHI

In the result, the appeal of the revenue is dismissed

Bench: Shri M. Balaganesh & Shri Yogesh Kumar U.S.Dcit, Vs. Bsl Scaffolding Ltd, Sr-1B, 4Th Floor 93, Circle-4(2), New Delhi Ashoka Bhawan, Nehru Place, New Delhi (Appellant) (Respondent) Pan:Aaacb3253B

Section 142A of the Act could be invoked by the Central Processing Centre (CPC) BSL Scaffolding Ltd while processing the return u/s 143(1) of the Act on the ground that the property has been sold at a price less than circle rate. 3. We have heard the rival submissions and perused the material available on record. The assessee filed

VINOD ANAND,FARIDABAD vs. DCIT, CIRCLE-II,, FARIDABAD

The Appeal is dismissed ex parte

Bench: Dr. B.R.R.Kumar & Sh. Anubhav Sharmash. Vinod Anand Vs. Dcit, House No. 2288, Circle-Ii, Sector-9, Faridabad Faridabad, Haryana (Appellant) (Respondent)

capital gain by giving the appellant benefit of cost of construction for Rs.1,46,000/- as on 07.08.2006 . Ground Nos. 3,4,6 and 6 of the appellant are Partly Allowed.” 4. The assessee has come in appeal raising following grounds :- “1) That the impugned order passed u/s 250 of the Income

SH. CHANDRA KANT SHARMA,NEW DELHI vs. ACIT, NEW DELHI

In the result, all the three appeals of the appellant/assessee are allowed

Capital Gain\nRs.3,60,95,500/-\n\nClaim of deduction U/s.54F\nRs.1,86,44,062/-\n\n7. In ITA No.3719/Del/2017 in pursuance to assessment order dated\n13.05.2016Ld. AO's order in penalty proceedings vide order dated 25.11.2016\nunder Section 271(1)(c) of the Act, penalty of Rs.74,35,694 was imposed.\n\n8. In ITA No.4910/Del/2017, vide penalty order

CHANDRA KANT SHARMA,NEW DELHI vs. ACIT, CENTRAL CIRCLE-26, NEW DELHI

In the result, all the three appeals of the appellant/assessee are allowed

Capital Gain\nClaim of deduction U/s.54F\nRs.12,60,858/-\nRs.3,00,00,000/-\nRs.3,60,95,500/-\nRs.1,86,44,062/-\n7. In ITA No.3719/Del/2017 in pursuance to assessment order dated\n13.05.2016Ld. AO's order in penalty proceedings vide order dated 25.11.2016\nunder Section 271(1)(c) of the Act, penalty of Rs.74,35,694 was imposed

SH. CHANDRA KANT SHARMA,NEW DELHI vs. ACIT, NEW DELHI

In the result, all the three appeals of the appellant/assessee are allowed

Capital Gain\nClaim of deduction U/s.54F\nRs.12,60,858/-\nRs.3,00,00,000/-\nRs.3,60,95,500/-\nRs.1,86,44,062/-\n7. In ITA No.3719/Del/2017 in pursuance to assessment order dated\n13.05.2016Ld. AO's order in penalty proceedings vide order dated 25.11.2016\nunder Section 271(1)(c) of the Act, penalty of Rs.74,35,694 was imposed

YOUNG INDIAN,NEW DELHI vs. ACIT(E), NEW DELHI

Bench: Shri Anil Chaturvedi & Shri Amit Shukla(Through Video Conference)

142A of the Act for the purported determination of the FMV of the immovable properties owned by AJL. 6 ITA No.1251/Del./2019 2. The Appellant prays that the said reference and consequential determination of the purported FMV be held to be illegal. WITHOUT PREJUDICE TO GROUNDS NO. I TO VII GROUND NO. VIII: COMPUTING THE PURPORTED FMV BEYOND THE VALUE