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

Appeal is dismissed

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

2)(ii). 7 I. T. Appeal No. 2669/Del/2014 Assessment Year : 2009-10. Now, section 57(ii) says that if income is in nature prescribed in section 56(ii) / (iii), then depreciation

POTENT FOODS PRIVATE LIMTED,FARIDABAD vs. ITO WARD-2(1), FARIDABAD

In the result, appeal of the Assessee is allowed

Bench: Shri R.K. Panda

2) of section 56 shall be the value, on the valuation date, of such unquoted equity shares as determined in the following manner under clause (a) or clause (b), at the option of the assessee, namely:- (A–L) (a the fair market value of × (PV), ) unquoted equity shares = (PE) wher e, book value of the assets in the balance-sheet

STRYTON EXIM INDIA P.LTD,NEW DELHI vs. ITO, WARD-24(2), NEW DELHI

In the result appeal filed by the assessee is allowed for statistical purposes

Bench: Shri Kuldip Singh & Shri Prashant Maharishisa No. 665/Del/2018 (In Ita No. 5982/Del/2018) (Assessment Year: 2014-15) Stryton Exim India Pvt Ltd, Vs. Ito, C/O. R Khare & Associates, Ward-24(2), 7/6, Sarvapriya Vihar, New Delhi New Delhi Pan: Aaics0797B (Appellant) (Respondent) Stryton Exim India Pvt Ltd, Vs. Ito, C/O. R Khare & Associates, Ward-24(2), 7/6, Sarvapriya Vihar, New Delhi New Delhi Pan: Aaics0797B (Appellant) (Respondent)

56(2)(viib), The New Notification is made applicable from the date of publication of the Rule in official Gazette. The Notification was also gazette on 29 November 2012. The valuation rule 11 UA of income tax rule is described as under:- ITA No 5982 Del 2018 AY 2014 15 Strton Exim P Ltd Alongwith stay

COMMISSIONER OF INCOME TAX vs. RAJAN NANDA

The appeals of the Revenue are dismissed and those

Bench: CASES PERTAINING TO SPL.DIVISION BENCHES

depreciation as tax planning. 24. Rebutting the arguments of Mr. Sahni, predicated on the alleged violation of terms of scheme of keyman insurance policy by assigning the same to the kayman, it was argued that no such contention was ever raised before the Authorities below. Even otherwise, the insurance company had accepted the assignment. So much so, even the Department

COMMISSIONER OF INCOME TAX vs. RAJAN NANDA

The appeals of the Revenue are dismissed and those

depreciation as tax planning. 24. Rebutting the arguments of Mr. Sahni, predicated on the alleged violation of terms of scheme of keyman insurance policy by assigning the same to the kayman, it was argued that no such contention was ever raised before the Authorities below. Even otherwise, the insurance company had accepted the assignment. So much so, even the Department

ABHIRVEY PROJECTS PRIVATE LIMITED,NEW DELHI vs. ACIT CIRCLE-1(2), NEW DELHI

In the result, the appeal of the assessee is allowed

Bench: Shri Challa Nagendra Prasad & Shri Pradip Kumar Kedia

section 56(2)(viib) read with Rule 11UA whose fair market value of the share i.e. Rs. 50/- was done on the basis of Discounted Cash Flow Method which was work out by one of the know Merchant Banker i.e. M/s SPA Capital Advisors Ltd. 3. For the assessment year 2014-15, the assessee filed Its return of income

DCIT, CC-31, NEW DELHI vs. REALTIME MARKETING PVT. LTD., DELHI

In the result, the addition made u/s 68 and u/s 56(2)(viib) in the case of M/s Realtime Marketing Pvt

Bench: Dr. B. R. R. Kumar, Sh. Yogesh Kumar Us

2) of section 56 shall be the value, on the valuation date, of such unquoted equity shares as determined in the following Realtime Marketing & ENN VEE Holdings Pvt. Ltd. manner under clause (a) or clause (b) at the option of the assessee, namely:- (a) The fair market value of unquoted equity shares (AL(PV) (PE) A book value

ENN VEE HOLDINGS PVT LTD,NEW DELHI vs. DCIT CENTRAL CIRCLE 31, NEW DELHI

In the result, the addition made u/s 68 and u/s 56(2)(viib) in the case of M/s Realtime Marketing Pvt

Bench: Dr. B. R. R. Kumar, Sh. Yogesh Kumar Us

2) of section 56 shall be the value, on the valuation date, of such unquoted equity shares as determined in the following Realtime Marketing & ENN VEE Holdings Pvt. Ltd. manner under clause (a) or clause (b) at the option of the assessee, namely:- (a) The fair market value of unquoted equity shares (AL(PV) (PE) A book value

CIT vs. ESCORTS HEART INSTITUTE AND RESEARCH CENTRE LTD

The appeals of the Revenue are dismissed and those

Bench: CASES PERTAINING TO SPL.DIVISION BENCHES

depreciation as tax planning. 24. Rebutting the arguments of Mr. .Sahni, predicated on the alleged violation of terms of scheme of keyman insurance policy by assigning the same to the kayman, it was argued that no such contention was ever raised before the , Authorities below. Even otherwise, the insurance company had accepted, the assignment. So much so, even the Department

CIT vs. ESCORTS HEART INSTITUTE AND RESEARCH CENTRE LTD

The appeals of the Revenue are dismissed and those

depreciation as tax planning. 24. Rebutting the arguments of Mr. .Sahni, predicated on the alleged violation of terms of scheme of keyman insurance policy by assigning the same to the kayman, it was argued that no such contention was ever raised before the , Authorities below. Even otherwise, the insurance company had accepted, the assignment. So much so, even the Department

CIT vs. NARESH TREHAN

The appeals of the Revenue are dismissed and those

Bench: CASES PERTAINING TO SPL.DIVISION BENCHES

depreciation as tax planning. Rebutting the arguments of Mr. sahni, predicated on the alleged violation of terms of scheme of keyman insurance policy by assigning the same to the kayman, it was argued that no such contention was ever raised before the Authorities below. Even otherwise, the insurance company had accepted. the assignment. So much so, even the Department

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

DCIT, NEW DELHI vs. M/S JAY METAL INDUSTRIES PVT. LTD.,, NEW DELHI

In the result, the appeal of the revenue is allowed

Bench: Shri N.K. Saini & Shri Chandra Mohan Garg

ii) xxxxxxxxxx (iii) where an assessee lets on hire machinery, plant or furniture belonging to him and also buildings, and the letting of the buildings is inseparable from the letting of the said machinery, plant or furniture, the income from such letting, if it is not chargeable to income-tax under the head “Profits and gains of business or profession

BHARAT SANCHAR NIGAM LTD.,NEW DELHI vs. ACIT, NEW DELHI

The appeals of the assessee are allowed

Bench: Shri S.V. Mehrotra & Shri Sudhanshu Srivastavaay: 2005-06 Ay: 2009-10

Section, First Floor, New Delhi Bharat Sanchar Bhawan, Janpath, New Delhi-110001 (PAN: AABCB5576G) AY: 2009-10 AY: 2005-06 ACIT, vs Bharat Sanchar Nigam Limited Circle 2(1), New Delhi-110001 New Delhi (Appellant) (Respondent) Appellant by: Shri Tarandeep Singh, Adv. Respondent by: Shri Ravi Jain, CIT DR Date of hearing: 15.02.2016 Date of pronouncement: 13.05.2016 ORDER PER SUDHANSHU

ACIT, NEW DELHI vs. M/S. BHARAT SANCHAR NIGAM LTD., NEW DELHI

The appeals of the assessee are allowed

Bench: Shri S.V. Mehrotra & Shri Sudhanshu Srivastavaay: 2005-06 Ay: 2009-10

Section, First Floor, New Delhi Bharat Sanchar Bhawan, Janpath, New Delhi-110001 (PAN: AABCB5576G) AY: 2009-10 AY: 2005-06 ACIT, vs Bharat Sanchar Nigam Limited Circle 2(1), New Delhi-110001 New Delhi (Appellant) (Respondent) Appellant by: Shri Tarandeep Singh, Adv. Respondent by: Shri Ravi Jain, CIT DR Date of hearing: 15.02.2016 Date of pronouncement: 13.05.2016 ORDER PER SUDHANSHU

BHARAT SANCHAR NIGAM LTD.,NEW DELHI vs. DCIT, NEW DELHI

The appeals of the assessee are allowed

Bench: Shri S.V. Mehrotra & Shri Sudhanshu Srivastavaay: 2005-06 Ay: 2009-10

Section, First Floor, New Delhi Bharat Sanchar Bhawan, Janpath, New Delhi-110001 (PAN: AABCB5576G) AY: 2009-10 AY: 2005-06 ACIT, vs Bharat Sanchar Nigam Limited Circle 2(1), New Delhi-110001 New Delhi (Appellant) (Respondent) Appellant by: Shri Tarandeep Singh, Adv. Respondent by: Shri Ravi Jain, CIT DR Date of hearing: 15.02.2016 Date of pronouncement: 13.05.2016 ORDER PER SUDHANSHU

DCIT, NEW DELHI vs. M/S. BHARAT SANCHAR NIGAM LTD., NEW DELHI

The appeals of the assessee are allowed

Bench: Shri S.V. Mehrotra & Shri Sudhanshu Srivastavaay: 2005-06 Ay: 2009-10

Section, First Floor, New Delhi Bharat Sanchar Bhawan, Janpath, New Delhi-110001 (PAN: AABCB5576G) AY: 2009-10 AY: 2005-06 ACIT, vs Bharat Sanchar Nigam Limited Circle 2(1), New Delhi-110001 New Delhi (Appellant) (Respondent) Appellant by: Shri Tarandeep Singh, Adv. Respondent by: Shri Ravi Jain, CIT DR Date of hearing: 15.02.2016 Date of pronouncement: 13.05.2016 ORDER PER SUDHANSHU

VIDHI CINEMAS PVT.LTD.,HARYANA vs. ITO WARD-2(5), FARIDABAD

In the result, Appeals in ITA No

Bench: Dr. B.R.R. Kumar & Shri Yogesh Kumar U.S.Ita No.84/Del/2021, A.Y.2016-17)

2) of section 56 shall be the value, on the valuation date, of such unquoted equity shares as determined in the following manner under clause (a) or clause (b) at the option of the assessee, namely:- Page 35 of 42 ITA No.84, 87, 88, 89 & 99Del/2021 M/s Shanta Blankets and Ors. (a) The fair market value of unquoted equity shares