VENUS FINANCIAL SERVICES LTD.,NEW DELHI vs. ACIT, NEW DELHI

The appeal is allowed

Bench: Shri I.C. Sudhir & Shri Inturi Rama Rao Assessment Year: 2009-10 Venus Financial Services Ltd., Vs. Assistant Cit, (Now Merged With Avantha Realty Ltd.) Circle 17(1), Thapar House, 124 Janpath, New Delhi. New Delhi. (Pan: Aaacv3258L) (Appellant) (Respondent) Appellant By: Shri P.C. Yadav, Adv. Respondent By: Shri J.P. Chandrekar, Sr. Dr Date Of Hearing : 01 .07.2015 Date Of Pronouncement: 28 :09.2015 Order Per I.C. Sudhir:The Assessee Has Impugned First Appellate Order On The Following Grounds: 1) That The Order Of The Learned Cit(Appeals) Is Bad In Law & On Facts.

capital gain or loss is to be computed in the manner laid down in section 48 of the Act as in the section the expression used is “full value of consideration received or accrued”, meaning thereby that there is no scope of any fair market value or estimation. The Learned AR submitted that there is no material on record

DIRECTOR OF INCOME TAX (EXEMPTION) vs. M/S INDRAPRASTHA CANCER SOCIETY

Section 11(1).” 2014:DHC:6159-DB ITA No. 240/2014+ connected appeals Page 8 of 20 Thereafter, reference was made to the following quotation from the judgment of the Karnataka High Court in Society of the Sisters of St. Anne (supra) :- “It is clear from the above provisions that the income derived from property held under trust cannot

JINDAL STEEL & POWER LTD.,NEW DELHI vs. ACIT, HISAR

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

Bench: Sh. Bhavnesh Saini & Sh. N. S. Sainiita No. 893/Del/2014 : Asstt. Year : 2009-10 Jindal Steel & Power Ltd., Vs Asstt. Commissioner Of Jindal Centre, 12, Bhikaji Cama Income Tax, Hisar Circle, Place, New Delhi-110066 Hisar (Appellant) (Respondent) Pan No. Aaacj7079D Assessee By : Sh. Salil Kapoor, Adv., Sh. Sumit Lal Chandani, Adv., Ms. Ananya Kapoor, Adv. & Ms. Pallavi Saigal, Adv. Revenue By : Sh. Sanjay I. Bara, Cit Dr Date Of Hearing :05.03.2019 Date Of Pronouncement : 29.04.2019 Order Per N. S. Saini: This Is An Appeal Filed By The Assessee Against The Order Of Assessing Officer U/S 143(3)/144C(13) Of The Income Tax Act, 1961 Dated 29.10.2018 For Assessment Years 2013-14

gains derived from eligible business for the purposes of section 80IA of the Income-tax Act 1961. 6 Jindal Steel & Power Ltd. 9. He further observed that as regards reliance placed by assessee on Ld. ITAT Delhi’s order for AY 2001-02 in his case & the order of High Court on the issue, it is mentioned with utmost respect

THE DIRECTOR OF INCOME TAX LAXMI NAGAR DELHI vs. TCI FOUNDATION 10 RAM BAGH AZAD MARKET ROHTAK ROAD NEW DELHI

Bench: HON'BLE MR. JUSTICE SANJIV KHANNA,HON'BLE MR. JUSTICE SANJEEV SACHDEVA

Section v.. V 11(1). 6. Initially we were inclined to accept the submission raised by the Revenue that there are several good reasons why we have declined to interfere and refer the matter to a larger bench to consider judgment of this Court in DIT vs. Vishwa Jagriti Mission, ITA No.140/2012 (Del.). 7. The controversy in question

DIRECTOR OF INCOME TAX (EXEMPTION) vs. COUNCIL OF SCIENTIFIC & INDUSTRIAL RESEARCH

Bench: HON'BLE MR. JUSTICE SANJIV KHANNA,HON'BLE MR. JUSTICE SANJEEV SACHDEVA

Section v.. V 11(1). 6. Initially we were inclined to accept the submission raised by the Revenue that there are several good reasons why we have declined to interfere and refer the matter to a larger bench to consider judgment of this Court in DIT vs. Vishwa Jagriti Mission, ITA No.140/2012 (Del.). 7. The controversy in question

DIRECTOR OF INCOME TAX (EXEMPTION) vs. INDIAN TRADE PROMOTION ORGANISATION

Section 11(1). . 6. Initially we were inclined to accept the submission raised by the Revenue that there are several good reasons why we have declined to interfere and refer the matter to a larger bench to consider judgment of this Court in DIT vs. Vishwa Jagriti Mission, ITA No.140/2012 (Del.). . 7. The controversy in question

GIESECKE & DEVRIENT (INDIA) PVT. LTD.,GURGAON vs. ADDL. CIT, SPECIAL RANGE- 04, NEW DELHI

In the result, appeal of the assessee in ITA No

Bench: Shri N.K. Billaiya & Ms. Suchitra Kamble[A.Y 2013-14] Giesecke & Devrient [India] Pvt Ltd Vs. The Addl. C.I.T Corporate Office, Plot No. 57, Special Range -04 Sector 44, Gurgaon New Delhi Pan: Aabcg 4223 D [Appellant] [Respondent]

gains; and b) dividend. Xxxxxx 47. Tax has been defined in section 2(43) as under: " Tax" in relation to the assessment year commencing on the 1st day of April, 1965 , and any subsequent assessment year means income- tax chargeable under the provisions of this Act, and in relation to any other assessment year income- tax and super- tax chargeable

DCIT (LTU), NEW DELHI vs. M/S. THE ORIENTAL INSURANCE CO. LTD.,, NEW DELHI

In the result, the appeal of the revenue is dismissed

44A of the Act. 22. We have considered the rival contentions and gone through the records. The provisions of s. 44 read as under: "44. Insurance business.—Notwithstanding anything to the contrary contained in the provisions of this Act relating to the computation of income chargeable under the head ‘Interest on securities’, ‘Income from house property’, ‘Capital gains’ or ‘Income

DCIT (LTU), NEW DELHI vs. M/S THE ORIENTAL INSURANCE CO. LTD.,, NEW DELHI

Bench: Hon’Ble, Shri G.D. Agrawal & Shri Kuldip Singh

44A of the Act. 22. We have considered the rival contentions and gone through the records. The provisions of s. 44 read as under : "44. Insurance business.—Notwithstanding anything to the contrary contained in the provisions of this Act relating to the computation of income chargeable under the head ‘Interest on securities’, ‘Income from house property’, ‘Capital gains’ or ‘Income

DCIT (LTU), NEW DELHI vs. M/S. THE ORIENTAL INSURANCE CO. LTD., NEW DELHI

Bench: Hon’Ble, Shri G.D. Agrawal & Shri Kuldip Singh

section 30(a)(ii) of the Act. So, we find no ground to 8 ITA No.485/Del./2016 interfere with the findings returned by the ld. CIT (A) and consequently ground no.2 is determined against the Revenue. GROUND NO.3 12. The ld. CIT (A) deleted the addition of Rs.49,84,92,820/- made by the AO by invoking the provisions contained