LAKSHYA EDUCATIONAL TRUST,GHAZIABAD vs. ADDL. CIT, RANGE-1, GHAZIABAD

In the result appeal of the assessee is dismissed

Bench: Shri Bhavnesh Saini & Shri Prashant Maharishilakshya Educational Trust, Vs. Addl. Cit, Range-1, Akhilesh Kumar, Adv., Chamber Ghaziabad No. 206-207, Ansal Satyam, Rdc Raj Nagar, Ghaziabad, Pan: Aatl6943M (Appellant) (Respondent)

cash credit entries in its books represented income from undisclosed sources. In this case also based upon factual matrix of the case, unexplained sum has been treated by the AO as unexplained income of the appellant. The AR has further stated that provision of section 68 are not applicable in this case as it is covered u/s 11/12

SHAIKSHANIK KEISHANK SAMAJ,GHAZIABAD vs. ADDL. CIT, GHAZIABAD

In the result, all the appeal of the assessee is dismissed

credit in question has remained unexplained. There is absolutely no material to link the assessee with the sum of Rs. 22,97,000 deposited in cash in the bank account of M/s. FBSL. [para no. 8] In view of the concurrent findings of the fact given by the two authorities that there is no material to link the assessee with

M/S SHREE BANKEY BIHARI EDUCATIONAL SOCIETY (REGD),GHAZIABAD vs. ADDL. CIT, GHAZIABAD

In the result, the appeal of the assessee is allowed

Bench: Sh. N. K. Saini, Am & Ms. Suchitra Kamble, Jm Ita No. 2497/Del/2013 : Asstt. Year : 2007-08 Shree Bankey Bihari Educational Vs Addl. Cit, Society (Regd.), Nh-24, Near Range-2, Masuri Canal, Dasna Mauri, Ghaziabad Ghaziabad-201302 (Appellant) (Respondent) Pan No. Aadts4243G Assessee By : Sh. Akhilesh Kumar, Adv. Revenue By : Sh. Kaushlendra Tiwari, Sr. Dr Date Of Hearing : 29.05.2018 Date Of Pronouncement : 03.08.2018 Order Per N. K. Saini, Am: This Is An Appeal By The Assessee Against The Order Dated 31.10.2012 Of The Ld. Cit(A), Ghaziabad.

unexplained cash credit, required to be added u/s 68 of the Act. This ground of appeal is rejected.” 19 Bankey Bihari Educational Society 18. Now the assessee is in appeal. The ld. Counsel for the assessee reiterated the submissions made before the authorities below and further submitted that the donation of Rs.15,00,000/- received from M/s Nav Jyoti Vikas

SHREE BANKEY BIHARI EDUCATIONAL SOCIETY(REGD),GHAZIABAD vs. JT. COMMISSIONER OF INCOME-TAX, GHAZIABAD

The appeal of the assessee stands partly allowed for statistical purposes

Bench: Shri Sudhanshu Srivastava & Shri O.P. Kantasstt. Year: 2011-12

charitable purpose at the time of purchase of fixed assets and there is no dual claim of application of income as assumed by the AO. iii. That the CIT (A) has erred on facts and in law in not giving any reasons as to how the case laws relied upon by the appellant are not applicable specially the dismissal

MAHAYANA THERAVADA VAJRAYANA BUDDHIST RELIGIOUS AND CHAITABLE TRUST,MEERUT vs. ACIT CENTRAL CIRCLE, MEERUT

Bench: Ms. Madhumita Roy & Shri Amitabh Shukla

Charitable Trust (AY: 2024-25) Rs.6 lakhs should not be treated as unexplained cash credit against which the assessee duly

MAHAYANA THERAVADA VAJRAYANA BUDDHIST RELIGIOUS AND CHARITABLE TRUST,MEERUT vs. ACIT, CENTRAL CIRCLE, MEERUT

Bench: Ms. Madhumita Roy & Shri Amitabh Shukla

Charitable Trust (AY: 2024-25) Rs.6 lakhs should not be treated as unexplained cash credit against which the assessee duly

MAHAYANA THERAVADA VAJRAYANA BUDDHIST RELIGIOUS AND CHARITABLE TRUST,MEERUT vs. ACIT CENTRAL CIRCLE, MEERUT

Bench: Ms. Madhumita Roy & Shri Amitabh Shukla

Charitable Trust (AY: 2024-25) Rs.6 lakhs should not be treated as unexplained cash credit against which the assessee duly

DCIT CIRCLE-1(1) (E), NEW DELHI vs. GURU GOBIND SINGH EDUCATIONAL CHARITABLE TRUST, NEW DELHI

In the result, appeal of the Revenue in ITA No

Bench: Shri Yogesh Kumar Us & Shri Naveen Chandra

Charitable Trust “1. Whether on the facts and circumstances of the case, the CIT(A) erred in deleting the addition of Rs.1,99,25,000/- for unexplained cash credit

SHRI KRISHNA CHARITABLE TRUST,NEW DELHI vs. JCIT, GHAZIABAD

In the result, the appeal of the assessee is allowed

Bench: Sh. N. K. Sainiita No. 2878/Del/2015 : Asstt. Year : 2010-11 Sh. Krishna Charitable Trust, Vs Jcit, C/O-M/S Rra Taxindia, D-28, Range-2, South Extension, Part-I, Ghaziabad New Delhi-110049 (Appellant) (Respondent) Pan No. Aagts8457F Assessee By : Dr. Rakesh Gupta & Sh. Somil Agarwal, Advs. Revenue By : Sh. Anil Sharma, Sr. Dr Date Of Hearing : 02.11.2016 Date Of Pronouncement : 01.02.2017 Order This Is An Appeal By The Assessee Against The Order Dated 19.02.2015 Of Ld. Cit(A), Muzaffarnagar.

unexplained cash credit. 3. Facts of the case in brief are that the assessee trust was incorporated vide trust deed dated 20.07.2007 and was granted 2 Krishna Charitable

VESTIGE MARKETING PVT LTD,DELHI vs. DCIT, CENTRAL CIRCLE-05, DELHI

Bench: Shri Satbeer Singh Godara & Shri Naveen Chandra

credit (ITC) in respect of these purchases, which was duly reflected in its GST filings and has not been disputed or disallowed by the GST authorities. It is a settled principle that a bona fide buyer cannot be penalized for any procedural or classification difference arising from the supplier's end, particularly when the purchases are supported by valid documents

VESTIGE MARKETING PVT. LTD.,DELHI vs. DCIT, CENTRAL CIRCLE- 05, DELHI

Bench: Shri Satbeer Singh Godara & Shri Naveen Chandra

credit (ITC) in respect of these purchases, which was duly reflected in its GST filings and has not been disputed or disallowed by the GST authorities. It is a settled principle that a bona fide buyer cannot be penalized for any procedural or classification difference arising from the supplier's end, particularly when the purchases are supported by valid documents

DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S VESTIGE MARKETING PRIVATE LIMITED, DELHI

Bench: Shri Satbeer Singh Godara & Shri Naveen Chandra

credit (ITC) in respect of these purchases, which was duly reflected in its GST filings and has not been disputed or disallowed by the GST authorities. It is a settled principle that a bona fide buyer cannot be penalized for any procedural or classification difference arising from the supplier's end, particularly when the purchases are supported by valid documents

DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S VESTIGE MARKETING PRIVATE LIMITED, DELHI

Bench: Shri Satbeer Singh Godara & Shri Naveen Chandra

credit (ITC) in respect of these purchases, which was duly reflected in its GST filings and has not been disputed or disallowed by the GST authorities. It is a settled principle that a bona fide buyer cannot be penalized for any procedural or classification difference arising from the supplier's end, particularly when the purchases are supported by valid documents

VESTIGE MARKETING PVT LTD,DELHI vs. DCIT, CENTRAL CIRCLE-05, DELHI

Bench: Shri Satbeer Singh Godara & Shri Naveen Chandra

credit (ITC) in respect of these purchases, which was duly reflected in its GST filings and has not been disputed or disallowed by the GST authorities. It is a settled principle that a bona fide buyer cannot be penalized for any procedural or classification difference arising from the supplier's end, particularly when the purchases are supported by valid documents

SOCIETY FOR WELFARE AWARENESS RESEARCH AND GUIDANCE,DELHI vs. ITO (EXEMPTIONS), WARD 2(2), NEW DELHI

In the result, appeal of the assessee is allowed

Bench: Shri R. K. Panda[Assessment Year: 2011-12]

unexplained cash credit within the meaning of the provisions of section 68 to be taxed under section 115BBE of the Act. He accordingly determined the total income of the assessee at Rs.23,00,000/- 3. Before the ld. CIT(A), the assessee made elaborate arguments challenging the order of the AO in making addition of Rs.23 Lakhs

KHOOBSOORAT FABRICS PVT LTD.,NEW DELHI vs. ITO WARD 14(3), NEW DELHI

Appeal are allowed

Bench: Shri Kul Bharat[Assessment Year: 2017-18

unexplained cash deposits in the bank account of the appellant company during the period of demonetization and brought to tax u/s 68 of the Act read with section 115BBE of the Act. 4 3.1 In this regard, it is submitted that appellant has deposited cash amounting to Rs. 32,34,000/- during demonetization period i.e. 08.11.2016 to 31.12.2016 which

JCIT (OSD), GHAZIABAD vs. M/S SARVHIT TRUST, MEERUT

In the result, the appeal of the Revenue Department stands dismissed

charitable trust during the year under consideration declared the investment of Rs. 18.65 crores in construction of University building of Shridhar University in Village Bigodna, Tehsil Chirawa, Pilani, Rajasthan. 2.1 The AO during the assessment proceedings,issued a commission to ACIT, Circle, Jhunjhunu to conduct local inquiries with the suppliers from whom the Assessee trust claimed to have made purchases

DCIT (EXEMPTION), GHAZIABAD vs. RAM NATH MEMORIAL TRUST SOCIETY, MEERUT

In the result appeal filed by the revenue is dismissed

Bench: Shri N.K. Billaiya & Shri Pawan Singhasstt. Year: 2014-15

unexplained cash credit by treating that loan as accommodation entry and added the same under section 68. Further, the AO did not allow depreciation on the usage of fixed assets by taking a view it is a double deduction. 3. On appeal before Ld. CIT(A), all the additions / disallowances were deleted. 4. Aggrieved by the order