EMERGING INDIA FOCUS FUNDS,MAURITIUS vs. ACIT, CIRCLE INT. TAXATION 1(2)(2), DELHI

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

Capital gains derived on redemption of mutual fund units acquired\non or after 1 April 2017 is INR 282,67,71,265\n\n• As per section

DCIT, CIRCLE 52(1), NEW DELHI vs. BHUPINDER SINGH BHALLA, NEW DELHI

Appeal of the revenue is dismissed

capital gain arising from sale of agricultural land on ground\nthat purchaser of land was a builder and thus, sald piece of land was not\nagricultural land, since view taken by Assessing Officer while rejecting\nassessee's claim was not in consonance with requirements made under\nsection 54B, Impugned order passed by him was to be set aside.\"\nHence, once

DCIT, CIRCLE-2(2), NEW DELHI vs. ANANT RAJ LTD., NEW DELHI

The appeal is allowed partly as indicated above

Bench: Shri Amit Shukla & Shri Prashant Maharishi

capital gain on sale of the said property on the basis of material available on record. 88. The Article 265 of the Constitution of India lays down that no tax shall be levied except by authority of law. Hence, only legitimate tax can be recovered and even a concession or acquiescence by an assessee does not give authority

ANANT RAJ LTD.,NEW DELHI vs. DCIT, CIRCLE-2(2), NEW DELHI

The appeal is allowed partly as indicated above

Bench: Shri Amit Shukla & Shri Prashant Maharishi

capital gain on sale of the said property on the basis of material available on record. 88. The Article 265 of the Constitution of India lays down that no tax shall be levied except by authority of law. Hence, only legitimate tax can be recovered and even a concession or acquiescence by an assessee does not give authority

DCIT, CIRCLE-2(2), NEW DELHI vs. ANANT RAJ LTD., NEW DELHI

The appeal is allowed partly as indicated above

Bench: Shri Amit Shukla & Shri Prashant Maharishi

capital gain on sale of the said property on the basis of material available on record. 88. The Article 265 of the Constitution of India lays down that no tax shall be levied except by authority of law. Hence, only legitimate tax can be recovered and even a concession or acquiescence by an assessee does not give authority

ACIT, NEW DELHI vs. M/S. SHRI HARI INVESTMENT, NEW DELHI

In the result appeal of the revenue for both the assessment years are dismissed

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 111A stipulates that scripts and mutual funds that suffer securities transactions tax and held for 12 months are to be treated as short term capital gains. An intention is an anticipated outcome that is guided through a process and a purpose to obtain an end result. In the case of the appellant, such intention to make quick and high

ACIT, NEW DELHI vs. M/S. SHRI HARI INVESTMENT, NEW DELHI

In the result appeal of the revenue for both the assessment years are dismissed

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 111A stipulates that scripts and mutual funds that suffer securities transactions tax and held for 12 months are to be treated as short term capital gains. An intention is an anticipated outcome that is guided through a process and a purpose to obtain an end result. In the case of the appellant, such intention to make quick and high

VANEET AGGARWAL,NEW DELHI vs. ACIT, CIRCLE-14(2), NEW DELHI

In the result, appeal filed by the assessee is allowed

capital gains arising out of sale of different\nshares as fair and transparent by submitting records of purchase bills, sale\nbills, demat statement etc., same not being earned from bogus companies\nwas eligible for exemption under section 10(38).\nPr. CIT 1 v. Parasben Kasturchand Kochar (2021) 282

SAKET KANOI,GURGAON vs. DCIT INTL. TAXATION, GURGAON

In the result, the appeal of the assessee is allowed

Bench: Dr. B. R. R. Kumar, Sh. Yogesh Kumar Us

282 of 2007 dt : 28-11-2007 made changes amending the India UAE Treaty meaning that taxability in one of the contracting state is not a sine qua non to avail treaty benefits as appreciated by the Hon’ble Mumbai ITAT in Meera Bhatia case dt : 29-10-09.” 3. During the scrutiny proceedings, it was noted that the assessee

M/S. ASHWANI KUMAR & SONS (HUF),MEERUT vs. ITO, MEERUT

In the result appeal of the assessee is dismissed

Bench: Shri I. C. Sudhir & Shri Prashant Maharishiashwani Kumar & Sons (Huf) Ito, C/0. Vinod Kumar Goel, Vs. Ward-1(1), 282, Boundary Road, Civil Lines, Meerut Meerut Pan:Aahha7564A (Appellant) (Respondent)

282, Boundary Road, Civil Lines, Meerut Meerut PAN:AAHHA7564A (Appellant) (Respondent) Date of hearing 18/12/2015 Date of pronouncement 15/03/2016 Assessee by: Sh. Ashwani Kumar, Self Revenue by: Sh. Bharat Bhushan Garg, Sr. DR O R D E R PER PRASHANT MAHARISHI, A. M. 1. This is an appeal preferred by the assessee against the order dated

ITO, NEW DELHI vs. M/S. MAHAJAN INDUSTRIES P. LTD., NEW DELHI

In the result, the appeal of the Revenue stands dismissed

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

282 and submitted that as per the assessment order dated 27.9.2002 passed u/s 158BC of the Act for the block period of 1.4.1990 to 29.8.2000, the assessee’s total undisclosed income under the head “profits and gains of business 7 and profession” was assessed at Rs. 31 crores and as per the relevant para 2 of the assessment order

SHRI GAURAV SEKHARI,NEW DELHI vs. ACIT, NEW DELHI

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

Bench: Shri G.S.Pannu & Shri Kul Bharat

section 2(14) of the Act and made addition of Rs.2,32,08,282/- as the capital gain arising of this

SMT POOJA SEKHARI,NEW DELHI vs. ACIT, NEW DELHI

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

Bench: Shri G.S.Pannu & Shri Kul Bharat

section 2(14) of the Act and made addition of Rs.2,32,08,282/- as the capital gain arising of this

SMT. SHOBHA SEKHRI,NEW DELHI vs. DCIT, NEW DELHI

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

Bench: Shri G.S.Pannu & Shri Kul Bharat

section 2(14) of the Act and made addition of Rs.2,32,08,282/- as the capital gain arising of this

SMT. PUJA SEKHRI,NEW DELHI vs. DCIT, NEW DELHI

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

Bench: Shri G.S.Pannu & Shri Kul Bharat

section 2(14) of the Act and made addition of Rs.2,32,08,282/- as the capital gain arising of this

SMT. AARTI SEKHRI,NEW DELHI vs. DCIT, NEW DELHI

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

Bench: Shri G.S.Pannu & Shri Kul Bharat

section 2(14) of the Act and made addition of Rs.2,32,08,282/- as the capital gain arising of this

SHRI BHUPINDER KUMAR SEKHARI,NEW DELHI vs. ACIT, NEW DELHI

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

Bench: Shri G.S.Pannu & Shri Kul Bharat

section 2(14) of the Act and made addition of Rs.2,32,08,282/- as the capital gain arising of this

SMT. AARTI SEKHRI,NEW DELHI vs. DCIT, NEW DELHI

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

Bench: Shri G.S.Pannu & Shri Kul Bharat

section 2(14) of the Act and made addition of Rs.2,32,08,282/- as the capital gain arising of this