ADIT (E), NEW DELHI vs. FORTUNE SOCIETY FOR DEVELOPMENT AND PROMOTION OF INTERNATIONAL BUSINESS, NEW DELHI

In the result ground No. 2

Bench: Shri I.C.Sudhir & Shri Prashant Maharishiadit(E), Vs. Fortune Society For Tc-Ii, New Delhi Development & Promotion Of International Business, G-4, Community Centre, Naraina Vihar, New Delhi Pan:Aaatf0849L (Appellant) (Respondent)

264 ITR 110). A distinction was sought to be made between computation in terms of Section 2(45) defining 'total income’, and computation of 'income’ in terms of section 11 of the Act. Referring to the scheme of section 11, he would contend that the provisions thereof constituted a complete code which took into account the application of depreciation

THE BANK OF TOKYO MISTUBISHI UFJ LTD.,,NEW DELHI vs. DCIT (INTERNATIONAL TAXATION), NEW DELHI

In the result, appeal of the assessee is partly allowed

Bench: Shri N.K. Saini & Before Mr. Bhavnesh Saini

264 or ITA No. 4548/Del/2016 11 Section 245D(4) of the Act then the interest chargeable, if any, under sub section 1 shall be reduced accordingly. Therefore, the interest on the excess amount of refund shall be charged from the date of grant of refund to the date of regular assessment. As regards to the meaning of regular assessment

A.T. KEARNEY LTD.- INDIA BRANCH OFFICE,GURGAON vs. ADIT, NEW DELHI

In the result, the appeal of assessee is allowed

Bench: Shri N.K. Billaiya & Shri Kuldip Singhआ.अ.सं/.I.T.A No.4405/Del/2011 िनधा"रणवष"/Assessment Year:2003-04 बनाम A.T. Kearney Ltd., Adit India Branch Office, Vs. Circle 1(1) 14Th Floor, Tower D, International Taxation, Global Business Park, New Delhi. Gurgaon.

depreciation had been allowed by the Ld. Assessing Officer by way of rectification of original assessment order dated March 23, 2006. 6. That on the facts and circumstances of the case and in law, the Ld. Assessing Officer/Hon’ble DRP has erred in levying interest under section 234B of the Act. 7. That on the facts and circumstances

DCIT (EXEMPTION), NEW DELHI vs. M/S. NAV NIRMAN SEWA SAMITI, DELHI

In the result, the appeal filed by the Revenue is dismissed

Bench: Shri O.P. Kant & Shri Kuldip Singh[Through Video Conferencing]

depreciation as well.” 4.2 In view of the above, we do not find any error in the order of the Ld. CIT(A) on the issue in dispute in following the decision of the Hon’ble Jurisdictional High Court, and accordingly, we uphold the same. The ground of the appeal of the Revenue is accordingly dismissed. 5. Regarding second ground

ACIT,CIRCLE-19(1), NEW DELHI vs. ONGC VIDESH LIMITED, NEW DELHI

Bench: Sh. N.K.Billaiya & Sh. Anubhav Sharmaacit, Vs. Ongc Videsh Limited Circle-19(1), Tower-B5, Nelson Mandela New Delhi Marg, Vasant Kinj, New Delhi Pan : Aaaco1230F (Appellant) (Respondent)

depreciation. The case laws referred by ld. CIT (A) as well as the ld. counsel of assessee are germane and support the case of assessee. Hence, the order of ld.CIT (A) is upheld.” 9. Ground no. 3; Following the observations at para no. 23 to 27, reproduced herein below, in assessee’s own case

M/S HAVELLS INDIA LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, appeal of the assessee is partly allowed

Bench: Shri Amit Shukla & Shri Prashant Maharishihavells India Ltd, Vs. Dcit, 1/7 Ram Kishore Road, Circle-12(1), Civil Lines, New Delhi Cr Building Ip Estate, Pan: Aaach0351E New Delhi (Appellant) (Respondent) Havells India Ltd, Vs. Dcit, 1/7 Ram Kishore Road, Ltu, Nbcc Plaza, Civil Lines, New Delhi Pusp Vihar, Sector-4, Saket, Pan: Aaach0351E New Delhi (Appellant) (Respondent) Acit (Ltu), Vs. Havells India Ltd, Nbcc Plaza, Pusp Vihar, Sector- 1/7 Ram Kishore Road, 4, Saket, New Delhi Civil Lines, New Delhi Pan: Aaach0351E (Appellant) (Respondent)

depreciation. In view of this ground number [2] of the appeal of the assessee is dismissed. 30. Ground number [3] of the appeal of the assessee is against the order of the learned CIT – A in not allowing the interest income earned amounting to ₹ 44,41,951 as part of the business income claimed by the appellant company. The learned

M/S HAVELLS INDIA LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, appeal of the assessee is partly allowed

Bench: Shri Amit Shukla & Shri Prashant Maharishihavells India Ltd, Vs. Dcit, 1/7 Ram Kishore Road, Circle-12(1), Civil Lines, New Delhi Cr Building Ip Estate, Pan: Aaach0351E New Delhi (Appellant) (Respondent) Havells India Ltd, Vs. Dcit, 1/7 Ram Kishore Road, Ltu, Nbcc Plaza, Civil Lines, New Delhi Pusp Vihar, Sector-4, Saket, Pan: Aaach0351E New Delhi (Appellant) (Respondent) Acit (Ltu), Vs. Havells India Ltd, Nbcc Plaza, Pusp Vihar, Sector- 1/7 Ram Kishore Road, 4, Saket, New Delhi Civil Lines, New Delhi Pan: Aaach0351E (Appellant) (Respondent)

depreciation. In view of this ground number [2] of the appeal of the assessee is dismissed. 30. Ground number [3] of the appeal of the assessee is against the order of the learned CIT – A in not allowing the interest income earned amounting to ₹ 44,41,951 as part of the business income claimed by the appellant company. The learned

ACIT (LTU), NEW DELHI vs. M/S HAVELLS INDIA LTD., NEW DELHI

In the result, appeal of the assessee is partly allowed

Bench: Shri Amit Shukla & Shri Prashant Maharishihavells India Ltd, Vs. Dcit, 1/7 Ram Kishore Road, Circle-12(1), Civil Lines, New Delhi Cr Building Ip Estate, Pan: Aaach0351E New Delhi (Appellant) (Respondent) Havells India Ltd, Vs. Dcit, 1/7 Ram Kishore Road, Ltu, Nbcc Plaza, Civil Lines, New Delhi Pusp Vihar, Sector-4, Saket, Pan: Aaach0351E New Delhi (Appellant) (Respondent) Acit (Ltu), Vs. Havells India Ltd, Nbcc Plaza, Pusp Vihar, Sector- 1/7 Ram Kishore Road, 4, Saket, New Delhi Civil Lines, New Delhi Pan: Aaach0351E (Appellant) (Respondent)

depreciation. In view of this ground number [2] of the appeal of the assessee is dismissed. 30. Ground number [3] of the appeal of the assessee is against the order of the learned CIT – A in not allowing the interest income earned amounting to ₹ 44,41,951 as part of the business income claimed by the appellant company. The learned

ADDL. CIT, SPECIAL RANGE- 7, NEW DELHI vs. ONGC VIDESH LTD., NEW DELHI

In the result, the appeals of the Revenue stand dismissed

depreciation on UPS shall be allowed @ 30%. 30. In AY 2005-06, in assessee’s own case, the same issue is decided in favour of the assessee by the ITAT. 31. In our considered view, this issue is covered in favour of the assessee, hence the order of ld. CIT (A) is upheld on this issue. 32. Another issue raised

ADDL. CIT,SPL RNAGE-7, NEW DELHI vs. ONGC VIDESH LTD., NEW DELHI

In the result, the appeals of the Revenue stand dismissed

depreciation on UPS shall be allowed @ 30%. 30. In AY 2005-06, in assessee’s own case, the same issue is decided in favour of the assessee by the ITAT. 31. In our considered view, this issue is covered in favour of the assessee, hence the order of ld. CIT (A) is upheld on this issue. 32. Another issue raised

ADDL. CIT, SPECIAL RANGE-7, NEW DELHI vs. ONGC VIDESH LTD., NEW DELHI

In the result, the appeals of the Revenue stand dismissed

depreciation on UPS shall be allowed @ 30%. 30. In AY 2005-06, in assessee’s own case, the same issue is decided in favour of the assessee by the ITAT. 31. In our considered view, this issue is covered in favour of the assessee, hence the order of ld. CIT (A) is upheld on this issue. 32. Another issue raised

DCIT, NEW DELHI vs. M/S. ONGC VIDESH LTD., NEW DELHI

In the result, the appeals of the Revenue stand dismissed

depreciation on UPS shall be allowed @ 30%. 30. In AY 2005-06, in assessee’s own case, the same issue is decided in favour of the assessee by the ITAT. 31. In our considered view, this issue is covered in favour of the assessee, hence the order of ld. CIT (A) is upheld on this issue. 32. Another issue raised

DCIT, NEW DELHI vs. M/S. ONGC VIDESH LTD., NEW DELHI

In the result, the appeals of the Revenue stand dismissed

depreciation on UPS shall be allowed @ 30%. 30. In AY 2005-06, in assessee’s own case, the same issue is decided in favour of the assessee by the ITAT. 31. In our considered view, this issue is covered in favour of the assessee, hence the order of ld. CIT (A) is upheld on this issue. 32. Another issue raised

DCIT, NEW DELHI vs. M/S. ONGC VIDESH LTD., NEW DELHI

In the result, the appeals of the Revenue stand dismissed

depreciation on UPS shall be allowed @ 30%. 30. In AY 2005-06, in assessee’s own case, the same issue is decided in favour of the assessee by the ITAT. 31. In our considered view, this issue is covered in favour of the assessee, hence the order of ld. CIT (A) is upheld on this issue. 32. Another issue raised

ADDL. CIT, SPECIAL RANGE-7, NEW DELHI vs. ONGC VIDESH LTD., NEW DELHI

In the result, the appeals of the Revenue stand dismissed

depreciation on UPS shall be allowed @ 30%. 30. In AY 2005-06, in assessee’s own case, the same issue is decided in favour of the assessee by the ITAT. 31. In our considered view, this issue is covered in favour of the assessee, hence the order of ld. CIT (A) is upheld on this issue. 32. Another issue raised

ADDL. CIT, NEW DELHI vs. M/S ONGC VIDESH LTD.,, NEW DELHI

In the result, the appeals of the Revenue stand dismissed

depreciation on UPS shall be allowed @ 30%. 30. In AY 2005-06, in assessee’s own case, the same issue is decided in favour of the assessee by the ITAT. 31. In our considered view, this issue is covered in favour of the assessee, hence the order of ld. CIT (A) is upheld on this issue. 32. Another issue raised

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

The appeals are dismissed

depreciation. The rate of minimum tax was kept at a modest figure deeming 30 per cent of book profits as total income. This modest amount is likely to go down further with the downward revision of corporate tax rate to 35 per cent and abolition of surcharge. xxxx xxxx xxxx xxxx 45.4 The Act also inserts a new section 115JAA

COMMISSIONER OF INCOME TAX vs. BRIJBASI ART PRESS LIMITED

The appeals are dismissed

depreciation. The rate of minimum tax was kept at a modest figure deeming 30 per cent of book profits as total income. This modest amount is likely to go down further with the downward revision of corporate tax rate to 35 per cent and abolition of surcharge. xxxx xxxx xxxx xxxx 45.4 The Act also inserts a new section 115JAA