ITO, NEW DELHI vs. M/S. M.J. INTERNATIONAL PVT. LTD., UTTAR PRADESH

Bench: Shri R.K. Panda & Shri Kuldip Singh

B – 52, Sector 59, Noida, New Delhi. Gautam Budh Nagar, U.P. (PAN : AAACM8809J) (APPELLANT) (RESPONDENT) ASSESSEE BY : Shri V.K. Jain, CA Shri Vikas Singh, CA REVENUE BY : Ms. Rinku Singh, Senior DR Date of Hearing : 12.03.2019 Date of Order : 29.03.2019 O R D E R PER KULDIP SINGH, JUDICIAL MEMBER : Present cross appeals filed by the assessee as well

M.J. INTERNATIONAL PVT. LTD.,UTTAR PRADESH vs. ITO, NEW DELHI

Bench: Shri R.K. Panda & Shri Kuldip Singh

B – 52, Sector 59, Noida, New Delhi. Gautam Budh Nagar, U.P. (PAN : AAACM8809J) (APPELLANT) (RESPONDENT) ASSESSEE BY : Shri V.K. Jain, CA Shri Vikas Singh, CA REVENUE BY : Ms. Rinku Singh, Senior DR Date of Hearing : 12.03.2019 Date of Order : 29.03.2019 O R D E R PER KULDIP SINGH, JUDICIAL MEMBER : Present cross appeals filed by the assessee as well

ITO, NEW DELHI vs. M/S. M.J. ENTERPRISES PVT. LTD., UTTAR PRADESH

Bench: Shri R.K. Panda & Shri Kuldip Singh

B – 52, Sector 59, Noida, New Delhi. Gautam Budh Nagar, U.P. (PAN : AAACM8809J) (APPELLANT) (RESPONDENT) ASSESSEE BY : Shri V.K. Jain, CA Shri Vikas Singh, CA REVENUE BY : Ms. Rinku Singh, Senior DR Date of Hearing : 12.03.2019 Date of Order : 29.03.2019 O R D E R PER KULDIP SINGH, JUDICIAL MEMBER : Present cross appeals filed by the assessee as well

M.J. GLOBAL PVT. LTD.,UTTAR PRADESH vs. ITO, NEW DELHI

Bench: Shri R.K. Panda & Shri Kuldip Singh

B – 52, Sector 59, Noida, New Delhi. Gautam Budh Nagar, U.P. (PAN : AAACM8809J) (APPELLANT) (RESPONDENT) ASSESSEE BY : Shri V.K. Jain, CA Shri Vikas Singh, CA REVENUE BY : Ms. Rinku Singh, Senior DR Date of Hearing : 12.03.2019 Date of Order : 29.03.2019 O R D E R PER KULDIP SINGH, JUDICIAL MEMBER : Present cross appeals filed by the assessee as well

LOGITRONICS PVT LTD vs. COMMISSIONER OF INCOME TAX & ANR

Bench: HON'BLE MR. JUSTICE A.K.SIKRI,HON'BLE MR. JUSTICE M.L. MEHTA

b) In the case of Mahindra & Mahindra Ltd. Vs. Commissioner of Income Tax [261 ITR 501(Bom.)], loan was to purchase plant and machinery – dies, tools, etc., i.e., capital assets. It was on these facts that waiver of principal amount of loan was held to be neither covered by Section 28(iv) nor Section 41 (1

BEST BULL STOCK TRADING PVT LTD.,NEW DELHI vs. ACIT, CENTRAL CIRCLE-18, NEW DELHI

In the result, the appeals of the revenue in ITA No

Bench: Sh. C.N. Prasad & Sh. M. Balaganesh

1) the Income-tax Officer must have reason to believe that income chargeable to tax has escaped assessment, and (ii) he must have reason to believe that such income has escaped assessment by reason of the omission or failure on the part of the assessee (a) to make a return under section 139 for the assessment year to the Income

BEST BULL STOCK TRADING PVT LTD.,NEW DELHI vs. ACIT CENTRAL CIRCLE-18, DELHI

In the result, the appeals of the revenue in ITA No

Bench: Sh. C.N. Prasad & Sh. M. Balaganesh

1) the Income-tax Officer must have reason to believe that income chargeable to tax has escaped assessment, and (ii) he must have reason to believe that such income has escaped assessment by reason of the omission or failure on the part of the assessee (a) to make a return under section 139 for the assessment year to the Income

COMMISSIONER OF INCOME TAX DEL vs. M/S JINDAL EXPORTS LTD.

The appeals are dismissed

b) reduction of the amount of relief of tax allowed under section 90 and 90A and deduction from the Indian Income-tax before furnishing the return of income. 38.3 The credit for the above shall also be allowed under section 140A for calculating tax and interest before furnishing the return of income. 38.4 The above amendments will take effect from

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

The appeals are dismissed

b) reduction of the amount of relief of tax allowed under section 90 and 90A and deduction from the Indian Income-tax before furnishing the return of income. 38.3 The credit for the above shall also be allowed under section 140A for calculating tax and interest before furnishing the return of income. 38.4 The above amendments will take effect from

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

The appeals are dismissed

b) reduction of the amount of relief of tax allowed under section 90 and 90A and deduction from the Indian Income-tax before furnishing the return of income. 38.3 The credit for the above shall also be allowed under section 140A for calculating tax and interest before furnishing the return of income. 38.4 The above amendments will take effect from

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

The appeals are dismissed

b) reduction of the amount of relief of tax allowed under section 90 and 90A and deduction from the Indian Income-tax before furnishing the return of income. 38.3 The credit for the above shall also be allowed under section 140A for calculating tax and interest before furnishing the return of income. 38.4 The above amendments will take effect from

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

The appeals are dismissed

b) reduction of the amount of relief of tax allowed under section 90 and 90A and deduction from the Indian Income-tax before furnishing the return of income. 38.3 The credit for the above shall also be allowed under section 140A for calculating tax and interest before furnishing the return of income. 38.4 The above amendments will take effect from

THE COMMISSIONR OF INCOME TAX vs. NIS SPARTA LTD

The appeals are dismissed

b) reduction of the amount of relief of tax allowed under section 90 and 90A and deduction from the Indian Income-tax before furnishing the return of income. 38.3 The credit for the above shall also be allowed under section 140A for calculating tax and interest before furnishing the return of income. 38.4 The above amendments will take effect from

COMMISSIONER OF INCOME TAX vs. BRIJBASI ART PRESS LIMITED

The appeals are dismissed

b) reduction of the amount of relief of tax allowed under section 90 and 90A and deduction from the Indian Income-tax before furnishing the return of income. 38.3 The credit for the above shall also be allowed under section 140A for calculating tax and interest before furnishing the return of income. 38.4 The above amendments will take effect from

COMMISSIONER OF INCOME TAX vs. NEHRU PLACE HOTELS LTD.

The appeals are dismissed

b) reduction of the amount of relief of tax allowed under section 90 and 90A and deduction from the Indian Income-tax before furnishing the return of income. 38.3 The credit for the above shall also be allowed under section 140A for calculating tax and interest before furnishing the return of income. 38.4 The above amendments will take effect from

CIT vs. OCL INDIA LTD

The appeals are dismissed

b) reduction of the amount of relief of tax allowed under section 90 and 90A and deduction from the Indian Income-tax before furnishing the return of income. 38.3 The credit for the above shall also be allowed under section 140A for calculating tax and interest before furnishing the return of income. 38.4 The above amendments will take effect from

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

The appeals are dismissed

b) reduction of the amount of relief of tax allowed under section 90 and 90A and deduction from the Indian Income-tax before furnishing the return of income. 38.3 The credit for the above shall also be allowed under section 140A for calculating tax and interest before furnishing the return of income. 38.4 The above amendments will take effect from

COMMISSIONER OF INCOME TAX DELHI-1 vs. ALLIED STRIPS LTD

The appeals are dismissed

b) reduction of the amount of relief of tax allowed under section 90 and 90A and deduction from the Indian Income-tax before furnishing the return of income. 38.3 The credit for the above shall also be allowed under section 140A for calculating tax and interest before furnishing the return of income. 38.4 The above amendments will take effect from