DCIT, NEW DELHI vs. SH. RAMESH SHARMA, NEW DELHI

In the result, the appeal of the Revenue is dismissed in the aforesaid manner

Bench: Sh. S. Rifaur Rahman & Sh. Sudhir Kumar

depreciation thereon. 9. The Ld. CIT(A) erred in law and on fact of the case in deleting the addition of Rs. 6,00,000/- out of total addition of Rs. 12,00,000/- made by AO on account of low withdrawals. 10. The Ld. CIT(A) erred in law and on facts of the case in deleting the addition

M/S. METRO TYRES LTD.,DELHI vs. DCIT, NEW DELHI

Bench: Sh. Satbeer Singh Godara & Sh. S. Rifaur Rahmanita No. 1031/Del/2013 : Asstt. Year : 2007-08 Metro Tyres Ltd., Vs Addl. Cit, 101, Jyoti Bhawan, Dr. Mukherjee Range-6, Nagar, Commercial Complex, New Delhi New Delhi-110009 (Appellant) (Respondent) Pan No. Aaacm3394A

depreciation on non- compete fees which is accepted in the preceding terms. So is the outcome of its second identical substantive ground claiming assessment of its income from very house property than business income (supra), is also accepted in very terms. Ordered accordingly. ITA No. 1031/Del/2013 & 10 Others 14 Metro Tyres Ltd. 13. This leaves us with the assessee

M/S METRO TYRES LTD,NEW DELHI vs. DCIT, NEW DELHI

Bench: Sh. Satbeer Singh Godara & Sh. S. Rifaur Rahmanita No. 1031/Del/2013 : Asstt. Year : 2007-08 Metro Tyres Ltd., Vs Addl. Cit, 101, Jyoti Bhawan, Dr. Mukherjee Range-6, Nagar, Commercial Complex, New Delhi New Delhi-110009 (Appellant) (Respondent) Pan No. Aaacm3394A

depreciation on non- compete fees which is accepted in the preceding terms. So is the outcome of its second identical substantive ground claiming assessment of its income from very house property than business income (supra), is also accepted in very terms. Ordered accordingly. ITA No. 1031/Del/2013 & 10 Others 14 Metro Tyres Ltd. 13. This leaves us with the assessee

DCIT, NEW DELHI vs. M/S. METRO TYRES LTD., NEW DELHI

Bench: Sh. Satbeer Singh Godara & Sh. S. Rifaur Rahmanita No. 1031/Del/2013 : Asstt. Year : 2007-08 Metro Tyres Ltd., Vs Addl. Cit, 101, Jyoti Bhawan, Dr. Mukherjee Range-6, Nagar, Commercial Complex, New Delhi New Delhi-110009 (Appellant) (Respondent) Pan No. Aaacm3394A

depreciation on non- compete fees which is accepted in the preceding terms. So is the outcome of its second identical substantive ground claiming assessment of its income from very house property than business income (supra), is also accepted in very terms. Ordered accordingly. ITA No. 1031/Del/2013 & 10 Others 14 Metro Tyres Ltd. 13. This leaves us with the assessee

M/S. METRO TYRES LTD.,NEW DELHI vs. ADDL. CIT, NEW DELHI

Bench: Sh. Satbeer Singh Godara & Sh. S. Rifaur Rahmanita No. 1031/Del/2013 : Asstt. Year : 2007-08 Metro Tyres Ltd., Vs Addl. Cit, 101, Jyoti Bhawan, Dr. Mukherjee Range-6, Nagar, Commercial Complex, New Delhi New Delhi-110009 (Appellant) (Respondent) Pan No. Aaacm3394A

depreciation on non- compete fees which is accepted in the preceding terms. So is the outcome of its second identical substantive ground claiming assessment of its income from very house property than business income (supra), is also accepted in very terms. Ordered accordingly. ITA No. 1031/Del/2013 & 10 Others 14 Metro Tyres Ltd. 13. This leaves us with the assessee

M/S. METRO TYRES LTD.,NEW DELHI vs. DCIT, NEW DELHI

Bench: Sh. Satbeer Singh Godara & Sh. S. Rifaur Rahmanita No. 1031/Del/2013 : Asstt. Year : 2007-08 Metro Tyres Ltd., Vs Addl. Cit, 101, Jyoti Bhawan, Dr. Mukherjee Range-6, Nagar, Commercial Complex, New Delhi New Delhi-110009 (Appellant) (Respondent) Pan No. Aaacm3394A

depreciation on non- compete fees which is accepted in the preceding terms. So is the outcome of its second identical substantive ground claiming assessment of its income from very house property than business income (supra), is also accepted in very terms. Ordered accordingly. ITA No. 1031/Del/2013 & 10 Others 14 Metro Tyres Ltd. 13. This leaves us with the assessee

DCIT, NEW DELHI vs. M/S. METRO TYRES LTD., NEW DELHI

Bench: Sh. Satbeer Singh Godara & Sh. S. Rifaur Rahmanita No. 1031/Del/2013 : Asstt. Year : 2007-08 Metro Tyres Ltd., Vs Addl. Cit, 101, Jyoti Bhawan, Dr. Mukherjee Range-6, Nagar, Commercial Complex, New Delhi New Delhi-110009 (Appellant) (Respondent) Pan No. Aaacm3394A

depreciation on non- compete fees which is accepted in the preceding terms. So is the outcome of its second identical substantive ground claiming assessment of its income from very house property than business income (supra), is also accepted in very terms. Ordered accordingly. ITA No. 1031/Del/2013 & 10 Others 14 Metro Tyres Ltd. 13. This leaves us with the assessee

M/S METRO TYRES LTD,NEW DELHI vs. DCIT, NEW DELHI

Bench: Sh. Satbeer Singh Godara & Sh. S. Rifaur Rahmanita No. 1031/Del/2013 : Asstt. Year : 2007-08 Metro Tyres Ltd., Vs Addl. Cit, 101, Jyoti Bhawan, Dr. Mukherjee Range-6, Nagar, Commercial Complex, New Delhi New Delhi-110009 (Appellant) (Respondent) Pan No. Aaacm3394A

depreciation on non- compete fees which is accepted in the preceding terms. So is the outcome of its second identical substantive ground claiming assessment of its income from very house property than business income (supra), is also accepted in very terms. Ordered accordingly. ITA No. 1031/Del/2013 & 10 Others 14 Metro Tyres Ltd. 13. This leaves us with the assessee

M/S METRO TYRES LTD.,,NEW DELHI vs. DCIT, NEW DELHI

Bench: Sh. Satbeer Singh Godara & Sh. S. Rifaur Rahmanita No. 1031/Del/2013 : Asstt. Year : 2007-08 Metro Tyres Ltd., Vs Addl. Cit, 101, Jyoti Bhawan, Dr. Mukherjee Range-6, Nagar, Commercial Complex, New Delhi New Delhi-110009 (Appellant) (Respondent) Pan No. Aaacm3394A

depreciation on non- compete fees which is accepted in the preceding terms. So is the outcome of its second identical substantive ground claiming assessment of its income from very house property than business income (supra), is also accepted in very terms. Ordered accordingly. ITA No. 1031/Del/2013 & 10 Others 14 Metro Tyres Ltd. 13. This leaves us with the assessee

M/S. METRO TYRES LTD.,DELHI vs. DCIT, NEW DELHI

Bench: Sh. Satbeer Singh Godara & Sh. S. Rifaur Rahmanita No. 1031/Del/2013 : Asstt. Year : 2007-08 Metro Tyres Ltd., Vs Addl. Cit, 101, Jyoti Bhawan, Dr. Mukherjee Range-6, Nagar, Commercial Complex, New Delhi New Delhi-110009 (Appellant) (Respondent) Pan No. Aaacm3394A

depreciation on non- compete fees which is accepted in the preceding terms. So is the outcome of its second identical substantive ground claiming assessment of its income from very house property than business income (supra), is also accepted in very terms. Ordered accordingly. ITA No. 1031/Del/2013 & 10 Others 14 Metro Tyres Ltd. 13. This leaves us with the assessee

METRO TYRES LTD,NEW DELHI vs. DCIT, CENTRAL CIRCLE-5, NEW DELHI

Bench: Sh. Satbeer Singh Godara & Sh. S. Rifaur Rahmanita No. 1031/Del/2013 : Asstt. Year : 2007-08 Metro Tyres Ltd., Vs Addl. Cit, 101, Jyoti Bhawan, Dr. Mukherjee Range-6, Nagar, Commercial Complex, New Delhi New Delhi-110009 (Appellant) (Respondent) Pan No. Aaacm3394A

depreciation on non- compete fees which is accepted in the preceding terms. So is the outcome of its second identical substantive ground claiming assessment of its income from very house property than business income (supra), is also accepted in very terms. Ordered accordingly. ITA No. 1031/Del/2013 & 10 Others 14 Metro Tyres Ltd. 13. This leaves us with the assessee

M/S. METRO TYRES LTD.,NEW DELHI vs. DCIT, NEW DELHI

Bench: Sh. Satbeer Singh Godara & Sh. S. Rifaur Rahmanita No. 1031/Del/2013 : Asstt. Year : 2007-08 Metro Tyres Ltd., Vs Addl. Cit, 101, Jyoti Bhawan, Dr. Mukherjee Range-6, Nagar, Commercial Complex, New Delhi New Delhi-110009 (Appellant) (Respondent) Pan No. Aaacm3394A

depreciation on non- compete fees which is accepted in the preceding terms. So is the outcome of its second identical substantive ground claiming assessment of its income from very house property than business income (supra), is also accepted in very terms. Ordered accordingly. ITA No. 1031/Del/2013 & 10 Others 14 Metro Tyres Ltd. 13. This leaves us with the assessee

AMBAWATT BUILDWELL PVT. LTD.,NEW DELHI vs. PR. CIT (C), GURGAON

In the result, the appeal filed by the assessee is allowed

Bench: Shri R.K. Panda & Ms Suchitra Kambleassessment Year: 2014-15 Ambawatt Buildwell Pvt. Ltd., Vs Pr. Cit (C), Kh 267, 1St Floor, 7Th Floor, Hsiidc Building, Chatterpur Enclave, Udyog Vihar, Phase-V, Mehrauli, Gurgaon. New Delhi. Pan: Aagca0991B (Appellant) (Respondent) Assessee By : Shri P.C. Yadav, Advocate Revenue By : Shri Satpal Gulati, Cit, Dr Date Of Hearing : 10.03.2021 Date Of Pronouncement : 21.05.2021 Order Per R.K. Panda, Am: This Appeal Filed By The Assessee Is Directed Against The Order Dated 17Th February, 2017 Passed U/S 263 Of The Act By The Cit, Central, Gurgaon, Relating To Assessment Year 2014-15. 2. Facts Of The Case, In Brief, Are That The Assessee Is A Company Engaged In The Business Of Real Estate. It Filed Its Return Of Income On 30Th September, 2014, Declaring Nil Income. The Case Of The Assessee Was Selected For Compulsory Scrutiny & A Notice U/S 143(2) Of The Act Was Issued To The Assessee On 20Th September, 2015. Notice U/S 142(1) Along With A Questionnaire Was Also Issued On 12Th May, 2016. In Response To The Statutory Notices Issued By The Ao, The Assessee Appeared Before Him From Time To Time & Furnished Replies Which Were Kept On Record. The Ao, On The Basis Of Various Details Furnished Before Him, Disallowed An Amount Of Rs.3,91,936/- U/S 40A(3) Out Of Car Repairs & Maintenance & Determined The Total Loss Of The Assessee At Rs.94,25,270/- As Against The Returned Loss Of Rs.98,17,203/-.

section 153D of the Act. He submitted that the AO in the present case has not obtained any approval from the JCIT before passing the order of the assessment of impugned year and hence the entire order was bad in law and hence the order passed u/s 263 was also bad in law. He accordingly submitted that the appeal

ADDL.CIT, SPECIAL RANGE-18, NEW DELHI vs. JAGANANTH HEMCHAND JAIN, NEW DELHI

In the result, the appeal of the Revenue as well as Cross Objection of the assessee is dismissed

Bench: Shri Pradip Kumar Kedia & Shri Yogesh Kumar Us

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 or this section has been made for the relevant assessment year, no action shall

ADDL.CIT, SPECIAL RANGE-18, NEW DELHI vs. JAGANANTH HEMCHAND JAIN, NEW DELHI

In the result, the appeal of the Revenue as well as Cross Objection of the assessee is dismissed

Bench: Shri Pradip Kumar Kedia & Shri Yogesh Kumar Us

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 or this section has been made for the relevant assessment year, no action shall

DCIT CENTRAL CIRCLE-25, NEW DELHI vs. NEEL METAL PRODUCTS LTD (FORMELY KNOWN AS NEEL AUTO PVT LTD), NEW DELHI

Bench: Shri G.S. Pannu, Hon’Ble & Shri Anubhav Sharma

Depreciation on Electrical Fittings in AY 2015-16 onwards to AY 2018-19. The issue is decided in favour of assessee by the CIT(A) and Revenue has filed appeals in case of the Assessee No.1. Issue no.7 is with regard to disallowance u/s 80IC on apportionment basis in AY 2015-16 onwards to AY 2018-19. The issue

NEEL METAL PRODUCTS LTD (FORMELY KNOWN AS NEEL AUTO PVT LTD),NEW DELHI vs. ACIT CENTRAL CIRCLE-25, NEW DELHI

Bench: Shri G.S. Pannu, Hon’Ble & Shri Anubhav Sharma

Depreciation on Electrical Fittings in AY 2015-16 onwards to AY 2018-19. The issue is decided in favour of assessee by the CIT(A) and Revenue has filed appeals in case of the Assessee No.1. Issue no.7 is with regard to disallowance u/s 80IC on apportionment basis in AY 2015-16 onwards to AY 2018-19. The issue

NEEL METAL PRODUCTS LTD,NEW DELHI vs. ACIT CENTRAL CIRCLE-25, NEW DELHI

Bench: Shri G.S. Pannu, Hon’Ble & Shri Anubhav Sharma

Depreciation on Electrical Fittings in AY 2015-16 onwards to AY 2018-19. The issue is decided in favour of assessee by the CIT(A) and Revenue has filed appeals in case of the Assessee No.1. Issue no.7 is with regard to disallowance u/s 80IC on apportionment basis in AY 2015-16 onwards to AY 2018-19. The issue