ACIT, CC-14, DELHI vs. MAYFAIR RESORTS INDIA LTD., NEW DELHI

In the result, the appeal of the revenue is dismissed

69B of the Act, the burden is on the Revenue to prove that the real investment exceeds the investments shown in the books of accounts of the appellant. As observed by the Apex Court in K.P. Varghese v. ITO /19811 131 ITR 597', to throw the burden of showing that there is no understatement of the consideration received

ACIT, CC-15, NEW DELHI vs. YASH PAL MENDIRATTA, DELHI

In the result, the appeals of the Revenue are dismissed and the Cross Objections of the assessees are also dismissed

Bench: Dr. B. R. R. Kumarms. Astha Chandra

69B of the Act, the burden is on the Revenue to prove that the real investment exceeds the investments shown in the books of accounts of the appellant. As observed by the Apex Court in K.P. Varghese v. ITO [1981] 131 ITR 597. to throw the burden of showing that there is no understatement of the consideration received

ACIT, CIRCLE CC 15, NEW DELHI vs. ALKA MENDIRATTA , DELHI

In the result, the appeals of the Revenue are dismissed and the Cross Objections of the assessees are also dismissed

Bench: Dr. B. R. R. Kumarms. Astha Chandra

69B of the Act, the burden is on the Revenue to prove that the real investment exceeds the investments shown in the books of accounts of the appellant. As observed by the Apex Court in K.P. Varghese v. ITO [1981] 131 ITR 597. to throw the burden of showing that there is no understatement of the consideration received

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

section 132(1) of the Income Tax Act 1961 (here in after referred as ‘the Act’) was carried out on JBM group of cases group of cases on 05.10.2017. Both the assessee being part of JBM Group were also subjected to search. As such, notices u/s 153A dated 21.08.2019 of the Act were issued to the assessee’s, after which

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

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

section 132(1) of the Income Tax Act 1961 (here in after referred as ‘the Act’) was carried out on JBM group of cases group of cases on 05.10.2017. Both the assessee being part of JBM Group were also subjected to search. As such, notices u/s 153A dated 21.08.2019 of the Act were issued to the assessee’s, after which

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

section 132(1) of the Income Tax Act 1961 (here in after referred as ‘the Act’) was carried out on JBM group of cases group of cases on 05.10.2017. Both the assessee being part of JBM Group were also subjected to search. As such, notices u/s 153A dated 21.08.2019 of the Act were issued to the assessee’s, after which

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

section 132(1) of the Income Tax Act 1961 (here in after referred as ‘the Act’) was carried out on JBM group of cases group of cases on 05.10.2017. Both the assessee being part of JBM Group were also subjected to search. As such, notices u/s 153A dated 21.08.2019 of the Act were issued to the assessee’s, after which

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

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

section 132(1) of the Income Tax Act 1961 (here in after referred as ‘the Act’) was carried out on JBM group of cases group of cases on 05.10.2017. Both the assessee being part of JBM Group were also subjected to search. As such, notices u/s 153A dated 21.08.2019 of the Act were issued to the assessee’s, after which

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

section 132(1) of the Income Tax Act 1961 (here in after referred as ‘the Act’) was carried out on JBM group of cases group of cases on 05.10.2017. Both the assessee being part of JBM Group were also subjected to search. As such, notices u/s 153A dated 21.08.2019 of the Act were issued to the assessee’s, after which

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

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

section 132(1) of the Income Tax Act 1961 (here in after referred as ‘the Act’) was carried out on JBM group of cases group of cases on 05.10.2017. Both the assessee being part of JBM Group were also subjected to search. As such, notices u/s 153A dated 21.08.2019 of the Act were issued to the assessee’s, after which

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

section 132(1) of the Income Tax Act 1961 (here in after referred as ‘the Act’) was carried out on JBM group of cases group of cases on 05.10.2017. Both the assessee being part of JBM Group were also subjected to search. As such, notices u/s 153A dated 21.08.2019 of the Act were issued to the assessee’s, after which

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

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

section 132(1) of the Income Tax Act 1961 (here in after referred as ‘the Act’) was carried out on JBM group of cases group of cases on 05.10.2017. Both the assessee being part of JBM Group were also subjected to search. As such, notices u/s 153A dated 21.08.2019 of the Act were issued to the assessee’s, after which

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

section 132(1) of the Income Tax Act 1961 (here in after referred as ‘the Act’) was carried out on JBM group of cases group of cases on 05.10.2017. Both the assessee being part of JBM Group were also subjected to search. As such, notices u/s 153A dated 21.08.2019 of the Act were issued to the assessee’s, after which

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

section 132(1) of the Income Tax Act 1961 (here in after referred as ‘the Act’) was carried out on JBM group of cases group of cases on 05.10.2017. Both the assessee being part of JBM Group were also subjected to search. As such, notices u/s 153A dated 21.08.2019 of the Act were issued to the assessee’s, after which

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

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

section 132(1) of the Income Tax Act 1961 (here in after referred as ‘the Act’) was carried out on JBM group of cases group of cases on 05.10.2017. Both the assessee being part of JBM Group were also subjected to search. As such, notices u/s 153A dated 21.08.2019 of the Act were issued to the assessee’s, after which

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

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

section 132(1) of the Income Tax Act 1961 (here in after referred as ‘the Act’) was carried out on JBM group of cases group of cases on 05.10.2017. Both the assessee being part of JBM Group were also subjected to search. As such, notices u/s 153A dated 21.08.2019 of the Act were issued to the assessee’s, after which

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

section 132(1) of the Income Tax Act 1961 (here in after referred as ‘the Act’) was carried out on JBM group of cases group of cases on 05.10.2017. Both the assessee being part of JBM Group were also subjected to search. As such, notices u/s 153A dated 21.08.2019 of the Act were issued to the assessee’s, after which

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

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

section 132(1) of the Income Tax Act 1961 (here in after referred as ‘the Act’) was carried out on JBM group of cases group of cases on 05.10.2017. Both the assessee being part of JBM Group were also subjected to search. As such, notices u/s 153A dated 21.08.2019 of the Act were issued to the assessee’s, after which