AMQ AGRO INDIA PVT. LTD.,NEW DELHI vs. ACIT, CENTRAL CIRCLE- 19, NEW DELHI

In the result, the appeals filed by the Revenue for A

Bench: Shri R.K. Panda & Shri K.Narasimha

disallowed the purchases made by the assesseee during the respective years from the A.Y. 2008-09 to 2014-15. The AO, therefore, made an addition of Rs.23,53,53,913/- to the total income

THOMSON PRESS (INDIA) LTD.,NEW DELHI vs. ADDL. CIT, SPL. RANGE- 9, NEW DELHI

In the result, appeals of the assessee are partly

Bench: Shri R.K.Panda & Shri Vijay Pal Rao

addition of Rs.7,21,646/-. 6. The assessee challenged the action of the Assessing Officer before the Ld. CIT(A) and contended that the assessee has made suo-moto disallowance by taking the average investment yielding exempt income

THOMSON PRESS (INDIA) LTD.,NEW DELHI vs. ADDL. CIT, SPL. RANGE- 9, NEW DELHI

In the result, appeals of the assessee are partly

Bench: Shri R.K.Panda & Shri Vijay Pal Rao

addition of Rs.7,21,646/-. 6. The assessee challenged the action of the Assessing Officer before the Ld. CIT(A) and contended that the assessee has made suo-moto disallowance by taking the average investment yielding exempt income

THOMSON PRESS (INDIA) LTD.,NEW DELHI vs. ADDL. CIT, SPL. RANGE- 9, NEW DELHI

In the result, appeals of the assessee are partly

Bench: Shri R.K.Panda & Shri Vijay Pal Rao

addition of Rs.7,21,646/-. 6. The assessee challenged the action of the Assessing Officer before the Ld. CIT(A) and contended that the assessee has made suo-moto disallowance by taking the average investment yielding exempt income

DCIT, NEW DELHI vs. M/S. R.J. CORP LTD., NEW DELHI

In the result, the appeal of the assessee on this ground is allowed

Bench: Dr. B. R. R. Kumarsh. Yogesh Kumar Us

addition of Rs.15,74,16,144/- made by the AO on account of disallowance u/s 14A of the Income Tax Act, 1961. 2. On the facts

M/S. RJ CORP LTD.,NEW DELHI vs. ACIT, NEW DELHI

In the result, the appeal of the assessee on this ground is allowed

Bench: Dr. B. R. R. Kumarsh. Yogesh Kumar Us

addition of Rs.15,74,16,144/- made by the AO on account of disallowance u/s 14A of the Income Tax Act, 1961. 2. On the facts

M/S. RJ CORP LTD.,NEW DELHI vs. ACIT, NEW DELHI

In the result, the appeal of the assessee on this ground is allowed

Bench: Dr. B. R. R. Kumarsh. Yogesh Kumar Us

addition of Rs.15,74,16,144/- made by the AO on account of disallowance u/s 14A of the Income Tax Act, 1961. 2. On the facts

DCIT, NEW DELHI vs. M/S. R.J. CORP LTD., NEW DELHI

In the result, the appeal of the assessee on this ground is allowed

Bench: Dr. B. R. R. Kumarsh. Yogesh Kumar Us

addition of Rs.15,74,16,144/- made by the AO on account of disallowance u/s 14A of the Income Tax Act, 1961. 2. On the facts

DCIT, NEW DELHI vs. M/S PILOT INDUSTRIES LTD.,, NEW DELHI

In the result, both the appeals filed by the learned assessing officer are dismissed

Bench: Ms Suchitra Raghunath Kamble & Shri Prashant Maharishi(Through Video Conferencing)

income on account of unexplained miscellaneous expenditure 6554778 viii. Addition on account of unexplained advances against fixed assets 29800000 ix. Addition on account of unexplained other investment and advances / receivables 18000000 x. Disallowance

DCIT, NEW DELHI vs. M/S PILOT INDUSTRIES LTD.,, NEW DELHI

In the result, both the appeals filed by the learned assessing officer are dismissed

Bench: Ms Suchitra Raghunath Kamble & Shri Prashant Maharishi(Through Video Conferencing)

income on account of unexplained miscellaneous expenditure 6554778 viii. Addition on account of unexplained advances against fixed assets 29800000 ix. Addition on account of unexplained other investment and advances / receivables 18000000 x. Disallowance

ACIT, NEW DELHI vs. SH MAHAGUN INDIA PVT. LTD.,, DELHI

Bench: Shri Vikas Awasthy & Shri Naveen Chandra

income declared in the returns; and iv) in case no incriminating material is unearthed during the search, the AO cannot assess or reassess taking into consideration the other material in respect of completed assessments/unabated assessments. Meaning thereby, in respect of completed/unabated assessments, no addition can be made by the AO in absence of any incriminating material found during the course

MAHAGUN INDIA PVT. LTD.,NEW DELHI vs. ACIT, NEW DELHI

Bench: Shri Vikas Awasthy & Shri Naveen Chandra

income declared in the returns; and iv) in case no incriminating material is unearthed during the search, the AO cannot assess or reassess taking into consideration the other material in respect of completed assessments/unabated assessments. Meaning thereby, in respect of completed/unabated assessments, no addition can be made by the AO in absence of any incriminating material found during the course

MAHUGUN INDIA PVT. LTD.,NEW DELHI vs. ACIT, NEW DELHI

Bench: Shri Vikas Awasthy & Shri Naveen Chandra

income declared in the returns; and iv) in case no incriminating material is unearthed during the search, the AO cannot assess or reassess taking into consideration the other material in respect of completed assessments/unabated assessments. Meaning thereby, in respect of completed/unabated assessments, no addition can be made by the AO in absence of any incriminating material found during the course

ACIT, NEW DELHI vs. SH MAHAGUN INDIA PVT. LTD.,, DELHI

Bench: Shri Vikas Awasthy & Shri Naveen Chandra

income declared in the returns; and iv) in case no incriminating material is unearthed during the search, the AO cannot assess or reassess taking into consideration the other material in respect of completed assessments/unabated assessments. Meaning thereby, in respect of completed/unabated assessments, no addition can be made by the AO in absence of any incriminating material found during the course

M/S. PEARL DRINKS LTD.,NEW DELHI vs. ACIT, NEW DELHI

In the result, the ITA No

Bench: Sh. R. K. Panda & Ms. Suchitra Kambleassessment Year: 2012-13

Additional income” as discussed above 3,37,59,400 Add: Depreciation disallowed 148555340 Excise Duty on Closing Stock of Raw 7836164 Material

DCIT, NEW DELHI vs. M/S. PEARL DRINKSLTD., NEW DELHI

In the result, the ITA No

Bench: Sh. R. K. Panda & Ms. Suchitra Kambleassessment Year: 2012-13

Additional income” as discussed above 3,37,59,400 Add: Depreciation disallowed 148555340 Excise Duty on Closing Stock of Raw 7836164 Material

M/S GINNI GOLDLIMITED,NEW DELHI vs. ACIT, NEW DELHI

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

Bench: Shri R.K. Panda & Ms. Suchitra Kambleassessment Year : 2009-10

Income-tax (Appeals) against the said addition and disallowance, the said disallowance and addition being the subject- matter of appeal

DCIT, NEW DELHI vs. M/S. DLF LTD., NEW DELHI

Bench: Shri Amit Shukla & Shri L.P. Sahu

disallowance of expenses u/s. 40(a)(ia) for non deduction of TDS on payment to Petron Civil Engineering Ltd.Rs. 1,29,52,790/- Ground nos. 5 To 5.1: addition on account of notional rent where security deposits received but no rental income