CIT vs. VISHAL GUPTA

143(2) of the Act, within 12 months from the end of the month in which the return was filed. The reasoning given by the tribunal reads:- “5. We have considered the rival contentions and gone through the record carefully. Section 147 of the Act provides that if the Assessing Officer has reason to believe that any income chargeable

CIT vs. VISHAL GUPTA

143(2) of the Act, within 12 months from the end of the month in which the return was filed. The reasoning given by the tribunal reads:- “5. We have considered the rival contentions and gone through the record carefully. Section 147 of the Act provides that if the Assessing Officer has reason to believe that any income chargeable

DCIT, NEW DELHI vs. SURYA BUILDWELL PVT. LTD., NEW DELHI

In the result cross objection filed by the assessee is allowed

Bench: Shri Amit Shukla & Shri Prashant Maharishi

section 14 A of Rs. 3 086234/-, except sum of Rs. 1142945/– . In the result ground No. 3 of the cross objection of the assessee is partly allowed. 64. Coming to the other disallowance of Rs 102 0912/– on account of lease agreement charges. The brief facts relating to this issue is that the appellant and developed and promoted

DCIT, NEW DELHI vs. SURYA BUILDWELL PVT. LTD., NEW DELHI

In the result cross objection filed by the assessee is allowed

Bench: Shri Amit Shukla & Shri Prashant Maharishi

section 14 A of Rs. 3 086234/-, except sum of Rs. 1142945/– . In the result ground No. 3 of the cross objection of the assessee is partly allowed. 64. Coming to the other disallowance of Rs 102 0912/– on account of lease agreement charges. The brief facts relating to this issue is that the appellant and developed and promoted

ACIT, NEW DELHI vs. M/S SURYA BUILDWELL (P) LTD.,, NEW DELHI

In the result cross objection filed by the assessee is allowed

Bench: Shri Amit Shukla & Shri Prashant Maharishi

section 14 A of Rs. 3 086234/-, except sum of Rs. 1142945/– . In the result ground No. 3 of the cross objection of the assessee is partly allowed. 64. Coming to the other disallowance of Rs 102 0912/– on account of lease agreement charges. The brief facts relating to this issue is that the appellant and developed and promoted

CIT vs. USHA INTERNATIONAL LTD

depreciation allowance or any other allowance, as the case may be, for the assessment year concerned (hereafter in this section and in sections 148 to 153 referred to as the relevant assessment year): Provided that where an assessment under sub-section (3) of section 143

CAIRN UK HOLDING LTD.,AHMEDABAD vs. DCIT (INTERNATIONAL TAXATION), NEW DELHI

In the result ground No. 5 of the appeal of the assessee is allowed

Bench: Shri H. S. Sidhu & Shri Prashant Maharishi

143 (2) was issued. Also, Notice under section 142 (1) on 07/05/2014 and summons under section 131, dated 20/01/2014 and 22/01/2014 were issued along with the questionnaire. Against all these notices and summons, assessee sought time. The Ld. assessing officer gave a further opportunity vide letter dated 08/10/2014 to the assessee requesting to furnish the details against which the assessee

SCHNEIDER ELECTRIC INDIA (P) LTD.,GURGAON vs. DCIT, NEW DELHI

In the result, both the appeals of the assessee are allowed

Bench: Sh. I.C. Sudhir & Sh. O.P. Kant

depreciation allowed earlier on computer accessories. Moreover, the details were on records, at the time of assessment u/s 143(3), hence the addition has been made on change of opinion. The above grounds of appeal are without prejudice to one another. The appellant craves leave to add, avoid, forgo or alter any of the aforesaid Grounds of Appeal

M/S SCHNEIDER ELECTRIC INDIA P. LTD.,,GURGAON vs. DCIT, NEW DELHI

In the result, both the appeals of the assessee are allowed

Bench: Sh. I.C. Sudhir & Sh. O.P. Kant

depreciation allowed earlier on computer accessories. Moreover, the details were on records, at the time of assessment u/s 143(3), hence the addition has been made on change of opinion. The above grounds of appeal are without prejudice to one another. The appellant craves leave to add, avoid, forgo or alter any of the aforesaid Grounds of Appeal

PITNEY BOWES INDIA (P) LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, out of the five appeals of the assessee, the ITA Nos

Bench: Sh. I.C. Sudhir & Sh. O.P. Kant

depreciation on the non-compete fee. The reassessment was completed under section 143(3) read with section 147 and 254 of the Act on 09/12/2011

CIT vs. OCL INDIA LTD

The appeals are dismissed

143(1) or upon a regular assessment by, inter alia, the available tax credit under section 115JAA in addition to the existing reduction of TDS so as to arrive at the figure of ―assessed tax‖ which formed the basis of the charge of interest. A similar amendment was brought about in the Explanation after 234C(1). 8. In this context

COMMISSIONER OF INCOME TAX vs. BRIJBASI ART PRESS LIMITED

The appeals are dismissed

143(1) or upon a regular assessment by, inter alia, the available tax credit under section 115JAA in addition to the existing reduction of TDS so as to arrive at the figure of ―assessed tax‖ which formed the basis of the charge of interest. A similar amendment was brought about in the Explanation after 234C(1). 8. In this context

COMMISSIONER OF INCOME TAX DELHI I vs. ANANT RAJ INDUSTRIES P. LTD.

The appeals are dismissed

143(1) or upon a regular assessment by, inter alia, the available tax credit under section 115JAA in addition to the existing reduction of TDS so as to arrive at the figure of ―assessed tax‖ which formed the basis of the charge of interest. A similar amendment was brought about in the Explanation after 234C(1). 8. In this context

COMMISSIONER OF INCOME TAX DELHI II vs. LEROY SOMER & CONTROLS INDIA P.LTD.

The appeals are dismissed

143(1) or upon a regular assessment by, inter alia, the available tax credit under section 115JAA in addition to the existing reduction of TDS so as to arrive at the figure of ―assessed tax‖ which formed the basis of the charge of interest. A similar amendment was brought about in the Explanation after 234C(1). 8. In this context

COMMISSIONER OF INCOME TAX DELHI I vs. ANANT RAJ INDUSTRIES P. LTD.

The appeals are dismissed

143(1) or upon a regular assessment by, inter alia, the available tax credit under section 115JAA in addition to the existing reduction of TDS so as to arrive at the figure of ―assessed tax‖ which formed the basis of the charge of interest. A similar amendment was brought about in the Explanation after 234C(1). 8. In this context

COMMISSIONER OF INCOME TAX vs. CADENCE DESIGN SYSTEMS I.P.LTD.

The appeals are dismissed

143(1) or upon a regular assessment by, inter alia, the available tax credit under section 115JAA in addition to the existing reduction of TDS so as to arrive at the figure of ―assessed tax‖ which formed the basis of the charge of interest. A similar amendment was brought about in the Explanation after 234C(1). 8. In this context

COMMISSIONER OF INCOME TAX vs. NEHRU PLACE HOTELS LTD.

The appeals are dismissed

143(1) or upon a regular assessment by, inter alia, the available tax credit under section 115JAA in addition to the existing reduction of TDS so as to arrive at the figure of ―assessed tax‖ which formed the basis of the charge of interest. A similar amendment was brought about in the Explanation after 234C(1). 8. In this context

COMMISSIONER OF INCOME TAX vs. BIOSEED RESEARCH (INDIA) PVT. LIMITED

The appeals are dismissed

143(1) or upon a regular assessment by, inter alia, the available tax credit under section 115JAA in addition to the existing reduction of TDS so as to arrive at the figure of ―assessed tax‖ which formed the basis of the charge of interest. A similar amendment was brought about in the Explanation after 234C(1). 8. In this context