PATANJALI YOGPEETH (NYAS),DELHI vs. ADIT(EXEMPTION), NEW DELHI

Appeal is allowed

Bench: Shri I.C. Sudhir & Shri L. P. Sahu

section 142(2A) while confirming the order of the Assessing Officer in denying exemption under sections 11/12 of the Act. 8.2 The ld. AR on queries raised by the Bench responded that assessee trust is not running shops or distribution of products and for those shoppings and distribution and selling of products, as on commercial basis different entity is there

THE COMMISSIONER OF INCOME TX-IV vs. INDRAPRASTHA GAS LTD.

Bench: HON'BLE DR. JUSTICE S.MURALIDHAR,HON'BLE MR. JUSTICE VIBHU BAKHRU

depreciated value of the building on the property which had been demolished to construct the hotel under the Collaboration Agreement dated December 18, 1976. 5. Clause (ii) of this Supplemental Agreement provided that the IHCL would pay the NDMC a sum of `12 lakhs per annum in lieu of house tax payable in respect of the hotel building. The Supplemental

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

section 133 (6) of the act and asked details from Cairn India Limited , purchaser of the shares of Cairn India Holdings Limited. 08. The facts of the impugned transaction, undisputedly are noted by the Ld. assessing officer in para No. 7 of his order as under:- ―7. Analysis of the transaction of sale of shares of CIHL by Assessee (CUHL

INCOME TAX vs. LIMITED

The appeal is dismissed

depreciation at 20 per cent 2008:DHC:2682-DB ITA No. 895 of 2007 Page 17 of 21 as against the general rate of 5 per cent for residential buildings and 10 per cent for non-residential buildings.” Pursuant to the above announcement, amendments have been made to Sections 2, 32 32A, 34, 35, 38, 41, 43, 50, 55

COMMISSIONER OF INCOME TAX DELHI IV vs. EASTMAN INDUSTRIES LTD.

The appeal is dismissed

depreciation at 20 per cent 2008:DHC:2682-DB ITA No. 895 of 2007 Page 17 of 21 as against the general rate of 5 per cent for residential buildings and 10 per cent for non-residential buildings.” Pursuant to the above announcement, amendments have been made to Sections 2, 32 32A, 34, 35, 38, 41, 43, 50, 55

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

55,579 on 29th March, 1996 making addition of Rs. 15,15.859. The order under s. 143(3) was contested before CIT(A) who cancelled the order of the AO and directed as under: 'It is held that assessment proceedings are bad in law and hence cancelled. The AO should take remedial action under s. 147 or any other provisions

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

55,579 on 29th March, 1996 making addition of Rs. 15,15.859. The order under s. 143(3) was contested before CIT(A) who cancelled the order of the AO and directed as under: 'It is held that assessment proceedings are bad in law and hence cancelled. The AO should take remedial action under s. 147 or any other provisions

CIT vs. DHARAMPAL SATYAPAL

Bench: HON'BLE DR. JUSTICE S.MURALIDHAR,HON'BLE MR. JUSTICE VIBHU BAKHRU

55,000.00 Aggregate WDV at the beginning of the as 5,52,500.00 assessment year 1988-89 Since the items of plant and machinery which currently qualify for depreciation at the rate of 15 per cent are proposed to be classified into a block of assets which will be entitled to depreciation at the rate of 331/3 per cent

CIT vs. M/S TELETUBE ELECTRONICS LTD

The appeal of the Assessee is allowed

2 (47) with Section 45 of the Act. 2015:DHC:8039-DB ITA Nos. 38 of 2002 & 132 of 2002 Page 27 of 32 51. The ITAT has itself observed that the mere fact that the land and building may not have been used by the lessee or that after expiry of the lease the plant and machinery would have

TELETUBE ELECTRONICS LTD

The appeal of the Assessee is allowed

2 (47) with Section 45 of the Act. 2015:DHC:8039-DB ITA Nos. 38 of 2002 & 132 of 2002 Page 27 of 32 51. The ITAT has itself observed that the mere fact that the land and building may not have been used by the lessee or that after expiry of the lease the plant and machinery would have

TELETUBE ELECTRONICS LTD

The appeal of the Assessee is allowed

2 (47) with Section 45 of the Act. 2015:DHC:8039-DB ITA Nos. 38 of 2002 & 132 of 2002 Page 27 of 32 51. The ITAT has itself observed that the mere fact that the land and building may not have been used by the lessee or that after expiry of the lease the plant and machinery would have

NEELU ANALJIT SINGH,NEW DELHI vs. ADDL.CIT, SPECIAL RANGE-9, NEW DELHI

In the result, appeal filed by the assessee is partly allowed with above directions

Bench: Shri H. S. Sidhu & Shri Prashant Maharishimrs. Neelu Analjit Singh, Vs. The Addl. Commissioner Of 15, Dr. Apj Abdul Kalam Road, Income Tax , New Delhi Special Range-9, Pan: Aatps06882D New Delhi (Appellant) (Respondent)

section 10 of the Income-tax Act, which is transferred during the period beginning on 1st April, 2014 and ending on 10th July, 2014, the period of holding for its-qualification as short-term capital asset shall be not-more than twelve months." Thus, the aforesaid circular clearly clinches the issue and clarifies that, firstly, the benefit of shorter period

DDIT (E), DELHI vs. M/S. ALL INDIA FOOTBALL FEDERATION, NEW DELHI

Bench: Shri Inturi Rama Rao & Smt. Beena Pillai

depreciation. 7. On the contrary the ld. AR contends that the Respondent Assessee is carrying out its objective of promotion of football sports at national and international level. Its activities are in nature of advancement of general public utility and will qualify as charitable purposes “in terms of definition contained in section 2

HERO MOTOCORP LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result appeal No. 2424/Del/ 2015 filed by the revenue in assessment year 2010-11 is partly allowed

Bench: Shri R. K. Panda & Ms Suchitra Kamble

section 194C was amended by the Finance (2) Act, 2009 w.e.f. 1.10.2009, whereby the definition of “work” was enlarged to include contract for manufacturing or supplying a product according to the requirement or specification of a customer by using material purchased from such customer. The said amendment also provided that contract for carrying out work shall not include contract

DCIT CENTRAL CIRCLE 05 , DELHI vs. DEEPAK KOTHARI , KANPUR

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

Bench: SHRI S. RIFAUR RAHMAN (Accountant Member), SHRI VIMAL KUMAR (Judicial Member)

depreciation in the value of equity shares held by him. In the instant case, there is no material on record to infer that bonus shares have been transferred with an intention to evade tax, which is the object of the provision in question. Therefore, the CIT (Appeals) as well as the tribunal have rightly held that when there

DEEPAK KATHARI,KANPUR vs. ACIT, CC-5, NEW DELHI

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

Bench: SHRI S. RIFAUR RAHMAN (Accountant Member), SHRI VIMAL KUMAR (Judicial Member)

depreciation in the value of equity shares held by him. In the instant case, there is no material on record to infer that bonus shares have been transferred with an intention to evade tax, which is the object of the provision in question. Therefore, the CIT (Appeals) as well as the tribunal have rightly held that when there

HERO MOTOCORP LTD.,,NEW DELHI vs. ADDL.CIT, RANGE-11, NEW DELHI

In the result ground No

Bench: Shri R. K. Panda & Ms Suchitra Kamblei.T.A. No. 6990/Del/2017 (A.Y 2013-14)

55. We have carefully considered the rival contention and perused the relevant records placed before us. It was submitted by the parties that there is no change in the facts and circumstances of the case in the present assessment year compared to the assessment year for which the coordinate bench is decided this issue in the favour of the appellant

DDIT, NEW DELHI vs. SH. ATUL MEHTA, NEW DELHI

Appeal is dismissed

Bench: Shri I. C. Sudhir & Shri L. P. Sahu

depreciation of Rs.38,25,000/- under section 57 on the amenities and services; 2. On the facts and in the circumstances of the case and law, whether ld. Commissioner of Income Tax (Appeals) was correct in holding that cash expenses of Rs.2,15,600/- have been incurred in relation to earning of “income from other sources” and hence allowable, whereas