MARUTI SUZUKI INDIA LTD.,NEW DELHI vs. ADDL. CIT, NEW DELHI

Appeal is allowed

Bench: Shri I.C. Sudhir & Shri L.P. Sahu Assessment Year: 2007-08 Assessment Year: 2007-08 Maruti Suzuki India Ltd., Vs. Additional Cit, Plot No.1, Nelson Mandela Road, Range-6, Vasant Road, New Delhi. New Delhi. (Pan: Aaacm0829Q) (Appellant) (Respondent) Assessee By: S/Shri Ajay Vohra, Sr. Adv. Neeraj Jain, Rohit Jain, Adv. Romit Katyal & Ms. Tejasvi Jain, Cas Department By:Shri Amrendra Kumar, Cit(Dr)

assessing officer, it would be appropriate to first briefly describe the system of accounting followed by the assessee for accounting of stock of raw material and components as under: - The assessee followed the elaborate system of book keeping for receipt and issue of raw material and component as also manufacture of finished goods. The assessee followed “Just in Time” system

DEPUTY COMMISSIONER, DELHI vs. RAVINDRA SINGH, GREATER NOIDA

In the result, the Appeals of the Revenue in I

Bench: Shri Yogesh Kumar U.S. & Shri Manish Agarwali.T.A. No. 2456/Del/2023 (A.Y 2011-12) I.T.A. No. 2457/Del/2023 (A.Y 2012-13) I.T.A. No. 2458/Del/2023 (A.Y 2013-14) I.T.A. No. 2459/Del/2023 (A.Y 2014-15)

disallowance made u/s 69A of the Income Tax Act, 1961 ('Act' for short), the captioned appeals are heard together. For the sake of convenience, brief facts of the case for Assessment Year 2011-12 are considered, which are as follows:- An assessment order u/s 153A of the Income Tax Act, 1961 ('Act' for short) was completed against the Assessee

DEPUTY COMMISSIONER, DELHI vs. RAVINDRA SINGH, GREATER NOIDA

In the result, the Appeals of the Revenue in I

Bench: Shri Yogesh Kumar U.S. & Shri Manish Agarwali.T.A. No. 2456/Del/2023 (A.Y 2011-12) I.T.A. No. 2457/Del/2023 (A.Y 2012-13) I.T.A. No. 2458/Del/2023 (A.Y 2013-14) I.T.A. No. 2459/Del/2023 (A.Y 2014-15)

disallowance made u/s 69A of the Income Tax Act, 1961 ('Act' for short), the captioned appeals are heard together. For the sake of convenience, brief facts of the case for Assessment Year 2011-12 are considered, which are as follows:- An assessment order u/s 153A of the Income Tax Act, 1961 ('Act' for short) was completed against the Assessee

DEPUTY COMMISSIONER , DELHI vs. RAVINDRA SINGH, GREATER NOIDA

In the result, the Appeals of the Revenue in I

Bench: Shri Yogesh Kumar U.S. & Shri Manish Agarwali.T.A. No. 2456/Del/2023 (A.Y 2011-12) I.T.A. No. 2457/Del/2023 (A.Y 2012-13) I.T.A. No. 2458/Del/2023 (A.Y 2013-14) I.T.A. No. 2459/Del/2023 (A.Y 2014-15)

disallowance made u/s 69A of the Income Tax Act, 1961 ('Act' for short), the captioned appeals are heard together. For the sake of convenience, brief facts of the case for Assessment Year 2011-12 are considered, which are as follows:- An assessment order u/s 153A of the Income Tax Act, 1961 ('Act' for short) was completed against the Assessee

AT & T GLOBAL NETWORK SERVICES (INDIA) PVT. LTD.,NEW DELHI vs. JCIT, SPECIAL RANGE-1, NEW DELHI

In the result, both the appeals filed by the assessee are partly allowed for statistical purposes

Bench: Shri R.K. Panda & Smt. Beena A. Pillai

Block-A, Gurgaon. PAN: AAFCA8810L (Appellant) (Respondent) Assessee by : Shri Kanchan Kaushal, Advocate Revenue by : Shri H.K. Choudhary, CIT, DR Date of Hearing : 28.02.2019 Date of Pronouncement : 27.05.2019 ORDER PER R.K. PANDA, AM: The above two appeals filed by the assessee are directed against the separate orders passed u/s 144C r.w. section 143(3) of the IT Act, 1961 relating

M/S AT & T GLOBAL NETWORK SERVICES (INDIA) PVT. LTD.,,GURGAON vs. JCIT, NEW DELHI

In the result, both the appeals filed by the assessee are partly allowed for statistical purposes

Bench: Shri R.K. Panda & Smt. Beena A. Pillai

Block-A, Gurgaon. PAN: AAFCA8810L (Appellant) (Respondent) Assessee by : Shri Kanchan Kaushal, Advocate Revenue by : Shri H.K. Choudhary, CIT, DR Date of Hearing : 28.02.2019 Date of Pronouncement : 27.05.2019 ORDER PER R.K. PANDA, AM: The above two appeals filed by the assessee are directed against the separate orders passed u/s 144C r.w. section 143(3) of the IT Act, 1961 relating

HERO MOTOCORP LIMITED,NEW DELHI vs. JCIT, NEW DELHI

In the result appeal of the assessee in ITA No

Bench: Sh. I. C. Sudhir & Shri Prashant Maharishihero Motocorp Limited, Jcit, 34, Basant Lok, Vasant Range-1, New Delhi Vs. Vihar, New Delhi Pan: Aaach0812J (Appellant) (Respondent) Dcit, M/S. Hero Moto Corp. Circle-11(1), Ltd., 34, Community Vs. New Delhi Centre, Basant Lok, Vasant Vihar, New Delhi-110057 (Appellant) (Respondent) Dcit, M/S. Hero Moto Corp. Circle-11(1), Ltd., 34, Community

disallowed on the ground of the same being contingent in nature. He further submitted that similar provision for increase in prices as at the end of the year was accepted and allowed in Hero MotoCorp Limited Vs. JCIT & DCIT Vs. Hero MotoCorp Ltd. ITA Nos. 1545/Del/2015 and 2424/Del/2015 (AY 2010-11) ITA No. 1609/Del/2016 and 914/Del/2016 (AY 2011-12) Page

MARUTI SUZUKI INDIA LTD.,NEW DELHI vs. ADDL. CIT, NEW DELHI

In the result, the appeal of the assessee is allowed in part for statistical purposes

Bench: Shri N.K. Saini & Shri K.N. Charry

disallowed under section 14A of the Act, where the assessee had sufficient surplus funds and there was no finding by the assessing officer of any direct nexus of borrowed funds with investments: ITA No.-6021/Del/2012 6.11. Lastly it is contended on behalf of the assessee that the disallowance computed under section 14A of the Act is incorrect since while

M/S. BG EXPLORATION & PRODUCTION INDIA LTD.,MUMBAI vs. JCIT (INTERNATIONAL TAXATION), DEHRADUN

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

Bench: Shri R. K. Panda & Ms. Suchitra Kambleassessment Year : 2011-12 Bg Exploration & Production India Jcit (International Taxation), Ltd., Dehradun. Lake Boulevard Road, Vs. Hiranandani Business Park, Powai, Mumbai.

Block Amount (Rs.) KG-DWN-2009/1 4,157,641 KG-DWN-98/4 18,499,277 KG-OSN-2004/1 322,917,779 MN-DWN-2002/2 46,298,214 Total 391,872,912 40. During the course of the assessment proceedings, the Assessing Officer proposed to disallow

DCIT, NEW DELHI vs. M/S. METSO MINERALS (INDIA) PVT. LTD., NEW DELHI

In the result, the appeal is dismissed

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

Assessing Officer. The AO treated it as capital in nature, as these expenditure were incurred for getting enduring benefit to the assessee. The AO, therefore, after allowing applicable depreciation as per the nature of block of assets amounting to Rs.4,31,310/-, disallowed

MARUTI SUZUKI INDIA LTD.,NEW DELHI vs. ADDL. CIT, NEW DELHI

Appeal of the assessee is partly allowed for statistical purpose

Bench: Shri R. K. Panda & Ms Suchitra Kamblei.T.A .No. 467/Del/2014 (A.Y 2009-10)

assessment year under consideration was 1995-96. In view of the detailed discussion supra with reference to the applicability of section 145A to the year in question, there can be no escape from valuation of purchase, sale and inventories under the inclusive method. We, therefore, direct the AO to recast Profit and loss account under ‘Inclusive method

ACIT, NEW DELHI vs. M/S. T.V. TODAY NETWORK LTD., NEW DELHI

In the result appeal of the assessee is partly allowed

Bench: Smt Beena A Pillai & Shri Prashant Maharishi

disallowance of the depreciation. Accordingly, ground number 3 of the appeal is allowed. 17. Ground number 1 of the appeal of the assessee is general in nature. Therefore same is dismissed. 18. Accordingly, appeal of the assessee for assessment year 2004 – 05 in ITA number 2452/Del/2013 is partly allowed. 19. Now we come to the appeal of the revenue

M/S TV TODAY NETWORK LTD.,,NEW DELHI vs. ACIT, NEW DELHI

In the result appeal of the assessee is partly allowed

Bench: Smt Beena A Pillai & Shri Prashant Maharishi

disallowance of the depreciation. Accordingly, ground number 3 of the appeal is allowed. 17. Ground number 1 of the appeal of the assessee is general in nature. Therefore same is dismissed. 18. Accordingly, appeal of the assessee for assessment year 2004 – 05 in ITA number 2452/Del/2013 is partly allowed. 19. Now we come to the appeal of the revenue

M/S. TV TODAY NETWORK LTD.,NEW DELHI vs. ACIT, NEW DELHI

In the result appeal of the assessee is partly allowed

Bench: Smt Beena A Pillai & Shri Prashant Maharishi

disallowance of the depreciation. Accordingly, ground number 3 of the appeal is allowed. 17. Ground number 1 of the appeal of the assessee is general in nature. Therefore same is dismissed. 18. Accordingly, appeal of the assessee for assessment year 2004 – 05 in ITA number 2452/Del/2013 is partly allowed. 19. Now we come to the appeal of the revenue

ACIT, NEW DELHI vs. M/S. T.V. TODAY NETWORK LTD., NEW DELHI

In the result appeal of the assessee is partly allowed

Bench: Smt Beena A Pillai & Shri Prashant Maharishi

disallowance of the depreciation. Accordingly, ground number 3 of the appeal is allowed. 17. Ground number 1 of the appeal of the assessee is general in nature. Therefore same is dismissed. 18. Accordingly, appeal of the assessee for assessment year 2004 – 05 in ITA number 2452/Del/2013 is partly allowed. 19. Now we come to the appeal of the revenue

TV TODAY NETWORK LTD.,NEW DELHI vs. ACIT, NEW DELHI

In the result appeal of the assessee is partly allowed

Bench: Smt Beena A Pillai & Shri Prashant Maharishi

disallowance of the depreciation. Accordingly, ground number 3 of the appeal is allowed. 17. Ground number 1 of the appeal of the assessee is general in nature. Therefore same is dismissed. 18. Accordingly, appeal of the assessee for assessment year 2004 – 05 in ITA number 2452/Del/2013 is partly allowed. 19. Now we come to the appeal of the revenue

NESTLE INDIA LTD.,GURGAON vs. DCIT (LTU), NEW DELHI

Appeals of the Department stand dismissed

Block, Nestle House Circle-1, (LTU), Vs. DLF City, Phase-II, New Delhi Jacaranda Marg, Gurgaon-122002 PAN:AAACN 0757G (Appellant) (Respondent) 3. ITA No.4916/Del/2014 & Ors DCIT (LTU) vs. Nestle India Ltd. Gurgaon Appellant By Sh. Ajay Vohra, Sr. Adv. Sh. Neeraj Jain, CA Sh. Karan Jain, CA Sh. Ansul Sachar, Adv. Respondent by Ms Pramita M. Biswas

DCIT (LTU), NEW DELHI vs. M/S. NESTLE INDIA LTD.,, GURGAON

Appeals of the Department stand dismissed

Block, Nestle House Circle-1, (LTU), Vs. DLF City, Phase-II, New Delhi Jacaranda Marg, Gurgaon-122002 PAN:AAACN 0757G (Appellant) (Respondent) 3. ITA No.4916/Del/2014 & Ors DCIT (LTU) vs. Nestle India Ltd. Gurgaon Appellant By Sh. Ajay Vohra, Sr. Adv. Sh. Neeraj Jain, CA Sh. Karan Jain, CA Sh. Ansul Sachar, Adv. Respondent by Ms Pramita M. Biswas