GARG ACRYLICS LTD.,NEW DELHI vs. ADDL. CIT, SPECIAL RANGE- 4, NEW DELHI

In the result, the appeal of the Assessee in ITA

Bench: Shri Pradip Kumar Kedia & Shri Yogesh Kumar Us

disallowances out of bogus purchases to 16.26% having regard to the average gross profit ratio earned in the past. The additions on account of bogus purchase was thus eventually sustained at Rs.2,66,13,417/-. 6. Aggrieved by the impugned order of the CIT(A), the assessee has preferred appeal before the Tribunal. The assessee has challenged (i) the usurption

GARG ACRYLICS LTD.,NEW DELHI vs. ADDL. CIT, SPECIAL RANGE- 4, NEW DELHI

In the result, the appeal of the Assessee in ITA

Bench: Shri Pradip Kumar Kedia & Shri Yogesh Kumar Us

disallowances out of bogus purchases to 16.26% having regard to the average gross profit ratio earned in the past. The additions on account of bogus purchase was thus eventually sustained at Rs.2,66,13,417/-. 6. Aggrieved by the impugned order of the CIT(A), the assessee has preferred appeal before the Tribunal. The assessee has challenged (i) the usurption

CHAMPION BUILDER PVT. LTD.,KOLKATA vs. ITO,WARD-1(3), GURGAON

In the result, both the appeals of the assessee are partly

Bench: Shri Challa Nagendra Prasadआ.अ.सं/.I.T.A Nos.462 & 463/Del/2024 िनधा"रणवष"/Assessment Years: 2015-16 & 2016-17

disallowed. It was also noted that the TDS on the interest has been deducted in respect of the interest payment on such loan and therefore the Income Tax Department was not justified on making addition on such loans. The Tribunal further held that the loans were repaid and therefore the genuineness of the transaction has been established and the assessee

NISHA GOEL,DELHI vs. INCOME TAX OFFICER, WARD 52(3), WARD

In the result, appeal of the assessee is partly allowed as

Bench: Shri Shamim Yahya & Shri Challa Nagendra Prasadिनधा"रणवष"/Assessment Year: 2012-13

bogus/accommodation entries provided by certain individuals/ companies. The name of the assessee figures as one of the beneficiaries of these alleged bogus transactions given by the Directorate after making the necessary enquiries. In the said information, it has been inter-alia reported as under: "Entries are broadly taken for two purposes: 1. To plough back unaccounted black money

DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE 15, NEW DELHI vs. DEEPTI AGRAWAL, NEW DELHI

The appeal of the revenue is dismissed

Bench: Shri S Rifuar Rahman & Shri Anubhav Sharmadcit Vs. Deepti Agrawal R. No. 245, 2Nd Floor, E-2 1-A, Maharaja Lal Lane Block, Ara Centre, Civil Lines Jhandewalan Extension New Delhi – 110054 New Delhi – 110055 "थायीलेखासं./जीआइआरसं./Pan/Gir No: Aampa0573C Appellant .. Respondent

disallowance of bogus long term capital gain claimed as exempt u/s 10(38) of the Income-tax Act, 1961 on sale of shares of M/s Capital Tradelink Pvt. Ltd. & M/s Alankit Ltd. P a g e | 3 Deepti Agrawal (AY: 2017-18) and Rs. 7,46,370/- as unexplained expenditure u/s 69C of the Income-tax Act, 1961 on account

VERTEX BUILDWELL PRIVATE LIMITED,DELHI vs. INCOME TAX OFFICER, WARD - 26(2), C R BUILDING, NEW DELHI

In the result, appeal of assessee in ITA No

Bench: Shri Satbeer Singh Godara & Shri Naveen Chandra

bogus/accommodation entry based on non-service of Summons u/s 131 on the directors of the alleged investor companies after long period of approx. 6 years that too without bringing any tangible or substantive material on record in support of allegation made by both the lower authorities. 10. That the grounds of appeal are independent and without prejudice to each other

DCIT, JHANDEWALAN EXTENTION vs. JAY ENN INFOTECH PVT. LTD., DELHI

The appeal of the revenue is dismissed

Bench: Shri S Rifuar Rahman & Shri Anubhav Sharmadcit Vs. Deepti Agrawal R. No. 245, 2Nd Floor, E-2 1-A, Maharaja Lal Lane Block, Ara Centre, Civil Lines Jhandewalan Extension New Delhi – 110054 New Delhi – 110055 "थायीलेखासं./जीआइआरसं./Pan/Gir No: Aampa0573C Appellant .. Respondent

disallowance of bogus long term capital gain claimed as exempt u/s 10(38) of the Income-tax Act, 1961 on sale of shares of M/s Capital Tradelink Pvt. Ltd. & M/s Alankit Ltd. P a g e | 3 Deepti Agrawal (AY: 2017-18) and Rs. 7,46,370/- as unexplained expenditure u/s 69C of the Income-tax Act, 1961 on account

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-15, NEW DELHI vs. DEEPTI AGRAWAL, NEW DELHI

In the result, both the appeals of the assessee are allowed

Bench: Sh. Saktijit Dey & Sh. M. Balaganeshdcit Vs. Deepti Agrawal Central Circle – 15 1-A, Maharaja Lal Lane, New Delhi Civil Lines, New Delhi-110 054 Pan No. Aampa 0573 C (Appellant) (Respondent) & Co No. 48/Del/2024 (In Ita No.224/Del/2024) (Assessment Year : 2016-17) Deepti Agrawal Vs. Dcit 1-A, Maharaja Lal Lane, Central Circle – 15 Civil Lines, New Delhi New Delhi-110 054 Pan No. Aampa 0573 C (Appellant) (Respondent)

bogus/accommodation entry by the ld. AO. Also, the operations and modus operandi of this regulated market does not in any way provide for any mechanism by which assessee can bring forth the identity of the buyers of its shares and their creditworthiness. Further, sale proceeds are received through the stock market processing into the pre-identified bank account

SANJEEV AGRAWAL,NEW DELHI vs. ACIT, CC-15, NEW DELHI

In the result, both the appeals of the assessee areallowed

Bench: Shri Saktijit Dey, Vice-& Shri Girish Agrawal

bogus/accommodation entry by the ld. AO. Also, the operations and modus operandi of this regulated market does not in any way provide for any mechanism by which assessee can bring forth the identity of the buyers of its shares and their creditworthiness. Further, sale proceeds are received through the stock market processing into the pre-identified bank account

SANJEEV AGRAWAL,NEW DELHI vs. ACIT, CC-15, NEW DELHI

In the result, both the appeals of the assessee areallowed

Bench: Shri Saktijit Dey, Vice-& Shri Girish Agrawal

bogus/accommodation entry by the ld. AO. Also, the operations and modus operandi of this regulated market does not in any way provide for any mechanism by which assessee can bring forth the identity of the buyers of its shares and their creditworthiness. Further, sale proceeds are received through the stock market processing into the pre-identified bank account

CIT vs. DALMIA BROS PVT LTD

The appeal is dismissed

disallowances were made by the Assessing Officer, but were deleted in the appellate proceedings. One such order has been upheld by the High Court in ITA No. 1340/2009. In the said appeal the same question was raised but the appeal of the Revenue was dismissed vide order dated 16.12.2011. . 3. The second issue raised by the Revenue relates to bogus

DCIT, CC-20, DELHI vs. LOTUS HERBALS PVT. LTD., DELHI

In the result, appeal of the Revenue in appeal No

Bench: Shri Sudhir Kumar & Shri Manish Agarwalita No.2442 To 2445/Del/2023 (Assessment Years 2013-14 To 2016-17) Dcit, Lotus Herbals Pvt. Ltd., Cc-20, Delhi. Room No.269A, 2 Nd Floor, Ara Vs. Centre, E-2, Jhandewalan, New Delhi-110055. Pan-Aaacl0198F (Appellant) (Respondent) Assessee By Shri Rohit Jain, Adv. & Shri Shivam Gupta, Ca Department By Sh. Mukesh Jha, Cit Dr & Ms. Pooja Swroop, Cit-Dr 29.09.2025 Date Of Hearing Date Of Pronouncement 23.12.2025 O R D E R Per Manish Agarwal, Am: These Are Five Appeals Filed By The Revenue Against The Separate Orders Of Learned Commissioner Of Income Tax (Appeals)-27, New Delhi. All Are Dated 12.06.2023 For Assessment Years As Tabulated As Under:

disallowance of Rs.2.16.018 on account of alleged late deposit of EPF and ESI. Subsequently, after the expiry of the limitation of four years, notice dated 31.03.2021 as issued under section 148 for initiating assessment under section 147 of the Act a page 42 of the paper book). The reasons recorded before initiating re-assessment proceedings under section

DCIT, CENTRAL CIRCLE-20, NEW DELHI vs. LOTUS HERBALS P.LTD, DELHI

In the result, appeal of the Revenue in appeal No

Bench: Shri Sudhir Kumar & Shri Manish Agarwalita No.2442 To 2445/Del/2023 (Assessment Years 2013-14 To 2016-17) Dcit, Lotus Herbals Pvt. Ltd., Cc-20, Delhi. Room No.269A, 2 Nd Floor, Ara Vs. Centre, E-2, Jhandewalan, New Delhi-110055. Pan-Aaacl0198F (Appellant) (Respondent) Assessee By Shri Rohit Jain, Adv. & Shri Shivam Gupta, Ca Department By Sh. Mukesh Jha, Cit Dr & Ms. Pooja Swroop, Cit-Dr 29.09.2025 Date Of Hearing Date Of Pronouncement 23.12.2025 O R D E R Per Manish Agarwal, Am: These Are Five Appeals Filed By The Revenue Against The Separate Orders Of Learned Commissioner Of Income Tax (Appeals)-27, New Delhi. All Are Dated 12.06.2023 For Assessment Years As Tabulated As Under:

disallowance of Rs.2.16.018 on account of alleged late deposit of EPF and ESI. Subsequently, after the expiry of the limitation of four years, notice dated 31.03.2021 as issued under section 148 for initiating assessment under section 147 of the Act a page 42 of the paper book). The reasons recorded before initiating re-assessment proceedings under section

DCIT, CC-20, DELHI vs. LOTUS HERBALS PVT. LTD., DELHI

In the result, appeal of the Revenue in appeal No

Bench: Shri Sudhir Kumar & Shri Manish Agarwalita No.2442 To 2445/Del/2023 (Assessment Years 2013-14 To 2016-17) Dcit, Lotus Herbals Pvt. Ltd., Cc-20, Delhi. Room No.269A, 2 Nd Floor, Ara Vs. Centre, E-2, Jhandewalan, New Delhi-110055. Pan-Aaacl0198F (Appellant) (Respondent) Assessee By Shri Rohit Jain, Adv. & Shri Shivam Gupta, Ca Department By Sh. Mukesh Jha, Cit Dr & Ms. Pooja Swroop, Cit-Dr 29.09.2025 Date Of Hearing Date Of Pronouncement 23.12.2025 O R D E R Per Manish Agarwal, Am: These Are Five Appeals Filed By The Revenue Against The Separate Orders Of Learned Commissioner Of Income Tax (Appeals)-27, New Delhi. All Are Dated 12.06.2023 For Assessment Years As Tabulated As Under:

disallowance of Rs.2.16.018 on account of alleged late deposit of EPF and ESI. Subsequently, after the expiry of the limitation of four years, notice dated 31.03.2021 as issued under section 148 for initiating assessment under section 147 of the Act a page 42 of the paper book). The reasons recorded before initiating re-assessment proceedings under section

DCIT, CC-20, DELHI vs. LOTUS HERBALS PVT. LTD., DELHI

In the result, appeal of the Revenue in appeal No

Bench: Shri Sudhir Kumar & Shri Manish Agarwalita No.2442 To 2445/Del/2023 (Assessment Years 2013-14 To 2016-17) Dcit, Lotus Herbals Pvt. Ltd., Cc-20, Delhi. Room No.269A, 2 Nd Floor, Ara Vs. Centre, E-2, Jhandewalan, New Delhi-110055. Pan-Aaacl0198F (Appellant) (Respondent) Assessee By Shri Rohit Jain, Adv. & Shri Shivam Gupta, Ca Department By Sh. Mukesh Jha, Cit Dr & Ms. Pooja Swroop, Cit-Dr 29.09.2025 Date Of Hearing Date Of Pronouncement 23.12.2025 O R D E R Per Manish Agarwal, Am: These Are Five Appeals Filed By The Revenue Against The Separate Orders Of Learned Commissioner Of Income Tax (Appeals)-27, New Delhi. All Are Dated 12.06.2023 For Assessment Years As Tabulated As Under:

disallowance of Rs.2.16.018 on account of alleged late deposit of EPF and ESI. Subsequently, after the expiry of the limitation of four years, notice dated 31.03.2021 as issued under section 148 for initiating assessment under section 147 of the Act a page 42 of the paper book). The reasons recorded before initiating re-assessment proceedings under section

DCIT, CENTRAL CIRCLE-20, DELHI vs. LOTUS HERBALS PVT. LTD, DELHI

In the result, appeal of the Revenue in appeal No

Bench: Shri Sudhir Kumar & Shri Manish Agarwalita No.2442 To 2445/Del/2023 (Assessment Years 2013-14 To 2016-17) Dcit, Lotus Herbals Pvt. Ltd., Cc-20, Delhi. Room No.269A, 2 Nd Floor, Ara Vs. Centre, E-2, Jhandewalan, New Delhi-110055. Pan-Aaacl0198F (Appellant) (Respondent) Assessee By Shri Rohit Jain, Adv. & Shri Shivam Gupta, Ca Department By Sh. Mukesh Jha, Cit Dr & Ms. Pooja Swroop, Cit-Dr 29.09.2025 Date Of Hearing Date Of Pronouncement 23.12.2025 O R D E R Per Manish Agarwal, Am: These Are Five Appeals Filed By The Revenue Against The Separate Orders Of Learned Commissioner Of Income Tax (Appeals)-27, New Delhi. All Are Dated 12.06.2023 For Assessment Years As Tabulated As Under:

disallowance of Rs.2.16.018 on account of alleged late deposit of EPF and ESI. Subsequently, after the expiry of the limitation of four years, notice dated 31.03.2021 as issued under section 148 for initiating assessment under section 147 of the Act a page 42 of the paper book). The reasons recorded before initiating re-assessment proceedings under section

COSMIC INFORMATICS PVT. LTD.,NEW DELHI vs. ACIT CENTRAL CIRCLE - 2, NEW DELHI

In the result, appeal of the Revenue in appeal No

Bench: Shri Sudhir Kumar & Shri Manish Agarwalita No.2442 To 2445/Del/2023 (Assessment Years 2013-14 To 2016-17) Dcit, Lotus Herbals Pvt. Ltd., Cc-20, Delhi. Room No.269A, 2 Nd Floor, Ara Vs. Centre, E-2, Jhandewalan, New Delhi-110055. Pan-Aaacl0198F (Appellant) (Respondent) Assessee By Shri Rohit Jain, Adv. & Shri Shivam Gupta, Ca Department By Sh. Mukesh Jha, Cit Dr & Ms. Pooja Swroop, Cit-Dr 29.09.2025 Date Of Hearing Date Of Pronouncement 23.12.2025 O R D E R Per Manish Agarwal, Am: These Are Five Appeals Filed By The Revenue Against The Separate Orders Of Learned Commissioner Of Income Tax (Appeals)-27, New Delhi. All Are Dated 12.06.2023 For Assessment Years As Tabulated As Under:

disallowance of Rs.2.16.018 on account of alleged late deposit of EPF and ESI. Subsequently, after the expiry of the limitation of four years, notice dated 31.03.2021 as issued under section 148 for initiating assessment under section 147 of the Act a page 42 of the paper book). The reasons recorded before initiating re-assessment proceedings under section

COSMIC INFORMATICS PVT. LTD.,NEW DELHI vs. ACIT CENTRAL CIRCLE - 2, NEW DELHI

In the result, appeal of the Revenue in appeal No

Bench: Shri Sudhir Kumar & Shri Manish Agarwalita No.2442 To 2445/Del/2023 (Assessment Years 2013-14 To 2016-17) Dcit, Lotus Herbals Pvt. Ltd., Cc-20, Delhi. Room No.269A, 2 Nd Floor, Ara Vs. Centre, E-2, Jhandewalan, New Delhi-110055. Pan-Aaacl0198F (Appellant) (Respondent) Assessee By Shri Rohit Jain, Adv. & Shri Shivam Gupta, Ca Department By Sh. Mukesh Jha, Cit Dr & Ms. Pooja Swroop, Cit-Dr 29.09.2025 Date Of Hearing Date Of Pronouncement 23.12.2025 O R D E R Per Manish Agarwal, Am: These Are Five Appeals Filed By The Revenue Against The Separate Orders Of Learned Commissioner Of Income Tax (Appeals)-27, New Delhi. All Are Dated 12.06.2023 For Assessment Years As Tabulated As Under:

disallowance of Rs.2.16.018 on account of alleged late deposit of EPF and ESI. Subsequently, after the expiry of the limitation of four years, notice dated 31.03.2021 as issued under section 148 for initiating assessment under section 147 of the Act a page 42 of the paper book). The reasons recorded before initiating re-assessment proceedings under section