WINGFLOW CONSTRUCTION PVT. LTD.,NEW DELHI vs. ITO, NEW DELHI

In the result, the appeal of the assessee is allowed

Bench: Sh. Kuldip Singhdr. B. R. R. Kumarita No. 3157/Del/2017 : Asstt. Year : 2010-11 Wingflow Constructions Pvt. Ltd., Vs Income Tax Officer, G-2/43A, Middle Circle, Ward-27(3), Connaught Place, New Delhi New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacw0016D Assessee By : Sh. R. K. Mehra, Ca Revenue By : Sh. Saras Kumar, Sr. Dr Date Of Hearing: 23.01.2020 Date Of Pronouncement: 24.02.2020

Income tax (Appeals) further erred in law and on facts in upholding the assessment order of the learned assessing officer in not allowing deduction of the business expenditures aggregated to Rs.7911424 (subject to appropriate adjustment of claim of depreciation

SELECT INFRASTRUCTURE PVT. LTD.,,NEW DELHI vs. ADDL. CIT, NEW DELHI

In the result, appeal of the assessee for the assessment year

Bench: Shri G. D. Agrawal & Shri Amit Shukla

business during the year and there is no way income would have been earned without utilizing the assets like lift, parking equipments, etc. and such income has been accepted by the Assessing Officer, then depreciation

TUBE ROSE ESTATES PVT. LTD. ,NEW DELHI vs. ACIT, CIRCLE- 16(1), NEW DELHI

In the result ground number one – three of the appeal of the assessee are allowed

Bench: Shri Sudhanshu Srivastavaa N D Shri Prashant Maharishi(Through Video Conferencing)

Depreciation Rs. 9,55,927/- 3. Interest against Property Rs. 30,707/- 4. Expenses worked out by the AO claimed in P&L Account Rs. 1,34,31,557/- Total Rs.1,97,16,223/- 7.5 The above expenses are deductible from the house property income at Rs.4,56,70,064/- plus Rs.1,02,99,281/- (rental income and income from

M/s Lavish Apartment (P.) Ltd

business income, but has to be considered only as “income from other sources”. The Assessing Officer also added that on the cars and the computers the assessee did not claim any depreciation

CORONET HOTEL SERVICES & SUPPLIERS PVT. LTD.,DELHI vs. DCIT CIRCLE-6(2), NEW DELHI

In the result, appeal filed by the Assessee stands allowed

Bench: Shri Anil Chaturvedi, Am & Shri N. K. Choudhry, Jm

Income from Business” and consequently disallowing the deduction of Business Expenses amounting to Rs. 53,84,457/- and depreciation amounting

DCIT, CIRCLE-10(1), DELHI vs. INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED, DELHI

Bench: Shri Anubhav Sharma & Shri Amitabh Shukla

business income against income from other sources held by ld. AO. 3(a) Interest on foreign deposits 3(b) miscellaneous income (transfer from UNDP grant) P a g e | 9 ITA Nos. 2566 to 2573 & 2910 to 2917/Del/2024 Indian Renewable Energy Development Agency Ltd. 7.3 Issue No. 4:Whether the disallowance u/s 14A relevant

DCIT, CIRCLE-10(1), DELHI vs. INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED, DELHI

Bench: Shri Anubhav Sharma & Shri Amitabh Shukla

business income against income from other sources held by ld. AO. 3(a) Interest on foreign deposits 3(b) miscellaneous income (transfer from UNDP grant) P a g e | 9 ITA Nos. 2566 to 2573 & 2910 to 2917/Del/2024 Indian Renewable Energy Development Agency Ltd. 7.3 Issue No. 4:Whether the disallowance u/s 14A relevant

DCIT, CIRCLE-10(1), DELHI vs. INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED, DELHI

Bench: Shri Anubhav Sharma & Shri Amitabh Shukla

business income against income from other sources held by ld. AO. 3(a) Interest on foreign deposits 3(b) miscellaneous income (transfer from UNDP grant) P a g e | 9 ITA Nos. 2566 to 2573 & 2910 to 2917/Del/2024 Indian Renewable Energy Development Agency Ltd. 7.3 Issue No. 4:Whether the disallowance u/s 14A relevant

INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED,DELHI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-10(1), DELHI, DELHI

Bench: Shri Anubhav Sharma & Shri Amitabh Shukla

business income against income from other sources held by ld. AO. 3(a) Interest on foreign deposits 3(b) miscellaneous income (transfer from UNDP grant) P a g e | 9 ITA Nos. 2566 to 2573 & 2910 to 2917/Del/2024 Indian Renewable Energy Development Agency Ltd. 7.3 Issue No. 4:Whether the disallowance u/s 14A relevant

INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED,DELHI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - 10(1), DELHI, DELHI

Bench: Shri Anubhav Sharma & Shri Amitabh Shukla

business income against income from other sources held by ld. AO. 3(a) Interest on foreign deposits 3(b) miscellaneous income (transfer from UNDP grant) P a g e | 9 ITA Nos. 2566 to 2573 & 2910 to 2917/Del/2024 Indian Renewable Energy Development Agency Ltd. 7.3 Issue No. 4:Whether the disallowance u/s 14A relevant

INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED,DELHI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - 10(1), DELHI, DELHI

Bench: Shri Anubhav Sharma & Shri Amitabh Shukla

business income against income from other sources held by ld. AO. 3(a) Interest on foreign deposits 3(b) miscellaneous income (transfer from UNDP grant) P a g e | 9 ITA Nos. 2566 to 2573 & 2910 to 2917/Del/2024 Indian Renewable Energy Development Agency Ltd. 7.3 Issue No. 4:Whether the disallowance u/s 14A relevant

DCIT, CIRCLE-10(1), DELHI vs. INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED, DELHI

Bench: Shri Anubhav Sharma & Shri Amitabh Shukla

business income against income from other sources held by ld. AO. 3(a) Interest on foreign deposits 3(b) miscellaneous income (transfer from UNDP grant) P a g e | 9 ITA Nos. 2566 to 2573 & 2910 to 2917/Del/2024 Indian Renewable Energy Development Agency Ltd. 7.3 Issue No. 4:Whether the disallowance u/s 14A relevant

DCIT, CIRCLE-10(1), DELHI vs. INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED, DELHI

Bench: Shri Anubhav Sharma & Shri Amitabh Shukla

business income against income from other sources held by ld. AO. 3(a) Interest on foreign deposits 3(b) miscellaneous income (transfer from UNDP grant) P a g e | 9 ITA Nos. 2566 to 2573 & 2910 to 2917/Del/2024 Indian Renewable Energy Development Agency Ltd. 7.3 Issue No. 4:Whether the disallowance u/s 14A relevant

INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED,DELHI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - 10(1), DELHI, DELHI

Bench: Shri Anubhav Sharma & Shri Amitabh Shukla

business income against income from other sources held by ld. AO. 3(a) Interest on foreign deposits 3(b) miscellaneous income (transfer from UNDP grant) P a g e | 9 ITA Nos. 2566 to 2573 & 2910 to 2917/Del/2024 Indian Renewable Energy Development Agency Ltd. 7.3 Issue No. 4:Whether the disallowance u/s 14A relevant

DCIT, CIRCLE-10(1), DELHI vs. INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED, DELHI

Bench: Shri Anubhav Sharma & Shri Amitabh Shukla

business income against income from other sources held by ld. AO. 3(a) Interest on foreign deposits 3(b) miscellaneous income (transfer from UNDP grant) P a g e | 9 ITA Nos. 2566 to 2573 & 2910 to 2917/Del/2024 Indian Renewable Energy Development Agency Ltd. 7.3 Issue No. 4:Whether the disallowance u/s 14A relevant

INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED,DELHI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-10(1), DELHI, DELHI

Bench: Shri Anubhav Sharma & Shri Amitabh Shukla

business income against income from other sources held by ld. AO. 3(a) Interest on foreign deposits 3(b) miscellaneous income (transfer from UNDP grant) P a g e | 9 ITA Nos. 2566 to 2573 & 2910 to 2917/Del/2024 Indian Renewable Energy Development Agency Ltd. 7.3 Issue No. 4:Whether the disallowance u/s 14A relevant

INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED,DELHI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - 10(1), DELHI, DELHI

Bench: Shri Anubhav Sharma & Shri Amitabh Shukla

business income against income from other sources held by ld. AO. 3(a) Interest on foreign deposits 3(b) miscellaneous income (transfer from UNDP grant) P a g e | 9 ITA Nos. 2566 to 2573 & 2910 to 2917/Del/2024 Indian Renewable Energy Development Agency Ltd. 7.3 Issue No. 4:Whether the disallowance u/s 14A relevant

DCIT, CIRCLE-10(1), DELHI vs. INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED, DELHI

Bench: Shri Anubhav Sharma & Shri Amitabh Shukla

business income against income from other sources held by ld. AO. 3(a) Interest on foreign deposits 3(b) miscellaneous income (transfer from UNDP grant) P a g e | 9 ITA Nos. 2566 to 2573 & 2910 to 2917/Del/2024 Indian Renewable Energy Development Agency Ltd. 7.3 Issue No. 4:Whether the disallowance u/s 14A relevant