ACIT, FARIDABAD vs. M/S. BHAGWATI COAL MOVERS (P) LTD., FARIDABAD

In the result, the appeal of the Revenue is dismissed

Bench: Shri Chandra Mohan Garg & Shri Pradip Kumar Kedia

disallowance of Rs. 5,52,50,000/- u/s 2(22) ( e) for deemed dividend on the amount of Rs. 5,52,50,000/- loan

DEPUTY COMMISSIONER OF INCOME TAX, NEW DELHI vs. YELLOW SAPPHIRE INTERNATIONAL PVT. LTD., NEW DELHI

In the result, the appeal of the Revenue is dismissed

Bench: Dr. B. R. R. Kumar, Sh. Sudhir Kumar

dividend is not taxable in the hands of the assessee and hence decline to interfere with the reasoned order of the ld. CIT(A) on this issue. Deemed Interest Income: 11. The Assessing Officer has observed that M/s. Angad & Sons Realcon Pvt. Ltd., M/s. Rachaita Infrastructures Pvt. Ltd. and Shri Udai Karan Singh Dalal have extended interest free loan

DCIT, CENTRAL CIRCLE-14, NEW DELHI vs. GURMEET SINGH ANAND, DELHI

In the result, the appeal of the Revenue is dismissed

Bench: Shri N.K. Billaiya & Ms. Astha Chandraasstt. Year: 2015-16

disallowed on account of deemed dividend under section 2(22)(e) of the Income Tax Act, 1961 (“Act”). In reply

MANOJ MITTAL,NEW DELHI vs. DCIT CENTRAL CIRCLE-8, NEW DELHI

In the result, appeal of the assessee is allowed

Bench: Shri Challa Nagendra Prasadआ.अ.सं/.I.T.A No.2412/Del/2023 िनधा"रणवष"/Assessment Year: 2010-11 बनाम Manoj Mittal, Dcit H-1, Phase-1, Ashok Vihar, Vs. Central Circle-8, New Delhi. New Delhi. Pan No. Aaipm7274J अपीलाथ" Appellant ""यथ"/Respondent

disallowed in computation of total income which is deemed to represent the income in respect of which particulars have been concealed. I.T.A.No.2412/Del/2023 Explanation 1 cannot be applied in a case where the assessee furnishes inaccurate particulars of income.” 8. We further observe that the Jaipur Bench of the Tribunal in the case of Shri Uday Kant Mishra Vs. DCIT

DCIT, CIRCLE- 27(1), NEW DELHI vs. UNIPARTS INDIA LTD., NEW DELHI

In the result, the appeal filed by the Revenue is dismissed

Bench: Shri S. Rifaur Rahman & Shri Sudhir Pareek, Judicialmember Dcit, Circle 27(1), Vs. Uniparts India Ltd., New Delhi Block-5, Gripwel House, C-6 & C-7, Vasant Kunj, New Delhi – 110 070. (Pan: Aaacu0454D) (Appellant) (Respondent) Assessee By : Shri Satyen Sethi, Advocate Shri A.T. Panda, Advocate Revenue By : Shri Vivek Kumar Upadhyay, Sr. Dr. Date Of Hearing : 27.08.2024 Date Of Order : 11.10.2024 O R D E R Per S. Rifaur Rahman, Am : 1. This Appeal Is Filed By The Revenue Against The Order Of Ld. Commissioner Of Income-Tax (Appeals)-9, New Delhi (Hereinafter Referred To As ‘Ld. Cit (A)’) Dated 04.06.2018 For Assessment Year 2014-15. Aggrieved With The Above Order, Revenue Is In Appeal Before Us Raising Following Grounds Of Appeal :-

deemed dividend u/s. 2(22)(e) of the I.T. Act on account of various amounts received from wholly owned subsidiary” 2. With regard to ground no.1 which relates to section 14A of the Income-tax Act, 1961 (for short ‘the Act’), at the time of hearing, ld. DR for the Revenue submitted that ld. CIT (A) deleted the above disallowance

SH. ATUL BANSAL,NEW DELHI vs. ACIT, NEW DELHI

In the result, grounds raised by the revenue are dismissed

Bench: Shri Satbeer Singh Godara & Shri S. Rifaur Rahmanatul Bansal, Vs. Acit, Central Circle 16 Farm No. 22, The Green Rajokri Delhi. New Delhi – 110 038. (Pan: Agcpb1274F) Acit, Central Circle 16, Vs, Atul Bansal Delhi Farm No. 22, The Green Rajokri New Delhi – 110 038. (Pan: Agcpb1274F) Assessee By : None Revenue By : Sh. Jitender Singh, Cit Dr Date Of Hearing : 18.11.2025 Date Of Order : 06.02.2026 O R D E R

deemed dividend. The addition made is therefore directed to be deleted. 12. Addition of Rs. 2,31,19,268/- Advance by M/s Par Excellence Leasing and Financial Services Ltd. It is seen that M/s Par Excellence Leasing and Financial Services Ltd. had advances amounts to M/s ABW Infrastructure Ltd. to the tune

ACIT, NEW DELHI vs. SH. ATUL BANSAL, NEW DELHI

In the result, grounds raised by the revenue are dismissed

Bench: Shri Satbeer Singh Godara & Shri S. Rifaur Rahmanatul Bansal, Vs. Acit, Central Circle 16 Farm No. 22, The Green Rajokri Delhi. New Delhi – 110 038. (Pan: Agcpb1274F) Acit, Central Circle 16, Vs, Atul Bansal Delhi Farm No. 22, The Green Rajokri New Delhi – 110 038. (Pan: Agcpb1274F) Assessee By : None Revenue By : Sh. Jitender Singh, Cit Dr Date Of Hearing : 18.11.2025 Date Of Order : 06.02.2026 O R D E R

deemed dividend. The addition made is therefore directed to be deleted. 12. Addition of Rs. 2,31,19,268/- Advance by M/s Par Excellence Leasing and Financial Services Ltd. It is seen that M/s Par Excellence Leasing and Financial Services Ltd. had advances amounts to M/s ABW Infrastructure Ltd. to the tune

DCIT, CIRCLE- 36(1), NEW DELHI vs. COMMCORP INTERNATIOANL LLP, DELHI

In the result, the appeal of the revenue is dismissed

deemed dividend u/s 2(22)(e) of the LT. Act, 1961 by not considering the facts that the loan advanced from M/s RBRL Agro Commodities in the form of unsecured loan by the assessee is not a business transaction as there is no purchase or sale between M/s RBRL Agro Commodities and the assessee 8. Whether

ACIT, NEW DELHI vs. M/S. NAGAR DAIRY PVT. LTD., NEW DELHI

In the result, Appeal of the Revenue in ITA No

Bench: Dr. B. R. R. Kumar & Sh. Yogesh Kumar U.S.

Disallowance out of transportation charges 43,60,977 Unexplained Purchases 177,31,37,509 Administrative Selling and distribution 14,15,900 Out of finance charges as discussed above 75,65,166 Out of purchases and operative expenses 1,38,75,017 Loss on sale of Land 1,07,875 Deemed dividend

ACIT, NEW DELHI vs. M/S. NAGAR DAIRY PVT. LTD., NEW DELHI

In the result, Appeal of the Revenue in ITA No

Bench: Dr. B. R. R. Kumar & Sh. Yogesh Kumar U.S.

Disallowance out of transportation charges 43,60,977 Unexplained Purchases 177,31,37,509 Administrative Selling and distribution 14,15,900 Out of finance charges as discussed above 75,65,166 Out of purchases and operative expenses 1,38,75,017 Loss on sale of Land 1,07,875 Deemed dividend

M/S RAINBOW PROMOTERS PVT. LTD.,,NEW DELHI vs. ACIT, NEW DELHI

In the result, the appeals of the Revenue are dismissed and the appeal of the assessee is allowed

Bench: Sh. Amit Shukladr. B. R. R. Kumar(Through Video Conferencing)

deemed dividend.” ITA Nos. 1678 & 1745/Del/2013 8 Rainbow Promoters (P) Ltd. 17. Ground of Appeal No. 2 & 3 of the assessee and Ground of No. 1 of Revenue which are on the same issue on account of interest paid in cash outside the books of account on Post Dated Cheques (PDCs). 18. During the course of search on BPTP group

ACIT, NEW DELHI vs. M/S RAINBOW PROMOTER (P) LTD.,, NEW DELHI

In the result, the appeals of the Revenue are dismissed and the appeal of the assessee is allowed

Bench: Sh. Amit Shukladr. B. R. R. Kumar(Through Video Conferencing)

deemed dividend.” ITA Nos. 1678 & 1745/Del/2013 8 Rainbow Promoters (P) Ltd. 17. Ground of Appeal No. 2 & 3 of the assessee and Ground of No. 1 of Revenue which are on the same issue on account of interest paid in cash outside the books of account on Post Dated Cheques (PDCs). 18. During the course of search on BPTP group

RAINBOW PROMOTERS PVT. LTD.,NEW DELHI vs. ACIT, NEW DELHI

In the result, the appeals of the Revenue are dismissed and the appeal of the assessee is allowed

Bench: Sh. Amit Shukladr. B. R. R. Kumar(Through Video Conferencing)

deemed dividend.” ITA Nos. 1678 & 1745/Del/2013 8 Rainbow Promoters (P) Ltd. 17. Ground of Appeal No. 2 & 3 of the assessee and Ground of No. 1 of Revenue which are on the same issue on account of interest paid in cash outside the books of account on Post Dated Cheques (PDCs). 18. During the course of search on BPTP group

ACIT, CC- 1, NEW DELHI vs. SAHARA INDIA COMMERCIAL CORP. LTD., KOLKATA

In the result, appeal of the Revenue is dismissed and CO of the assessee is allowed

Bench: Shri Vikas Awasthy & Shri S Rifaur Rahmanआअसं.1977/धिल्ली/2013(नि.व. 2009-10) Sahara India Commercial Corporation Ltd., Sahara India Sadan, 2A, Shakespeare Sarani, Kolkata 700071 ...... अपीलार्थी/Appellant Pan: Aadcs-6118-F बिाम Vs. Deputy Commissioner Of Income Tax, Central Circle-6, R. No. 334, E-2, Ara, ..... प्रनिवादी/Respondent Centre Jhandewalan Extn. New Delhi आअसं.4728, 2795, 4729, 4730 और 4731/धिल्ली/2017(नि.व. 2010-11 से 2014-15)

Disallowance on account of recoupment -- 7 of loss of Employee Welfare Trust 13 Addition on account of deemed -- 16 dividend

ACIT, CENTRAL CIRCLE-1, NEW DELHI vs. SAHARA INDIA COMMERCIAL CORP. LTD, LUCKNOW

In the result, appeal of the Revenue is dismissed and CO of the assessee is allowed

Bench: Shri Vikas Awasthy & Shri S Rifaur Rahmanआअसं.1977/धिल्ली/2013(नि.व. 2009-10) Sahara India Commercial Corporation Ltd., Sahara India Sadan, 2A, Shakespeare Sarani, Kolkata 700071 ...... अपीलार्थी/Appellant Pan: Aadcs-6118-F बिाम Vs. Deputy Commissioner Of Income Tax, Central Circle-6, R. No. 334, E-2, Ara, ..... प्रनिवादी/Respondent Centre Jhandewalan Extn. New Delhi आअसं.4728, 2795, 4729, 4730 और 4731/धिल्ली/2017(नि.व. 2010-11 से 2014-15)

Disallowance on account of recoupment -- 7 of loss of Employee Welfare Trust 13 Addition on account of deemed -- 16 dividend

SAHARA INDIA COMMERCIAL CORP. LTD.,KOLKATA vs. ACIT, CC- 1, NEW DELHI

In the result, appeal of the Revenue is dismissed and CO of the assessee is allowed

Bench: Shri Vikas Awasthy & Shri S Rifaur Rahmanआअसं.1977/धिल्ली/2013(नि.व. 2009-10) Sahara India Commercial Corporation Ltd., Sahara India Sadan, 2A, Shakespeare Sarani, Kolkata 700071 ...... अपीलार्थी/Appellant Pan: Aadcs-6118-F बिाम Vs. Deputy Commissioner Of Income Tax, Central Circle-6, R. No. 334, E-2, Ara, ..... प्रनिवादी/Respondent Centre Jhandewalan Extn. New Delhi आअसं.4728, 2795, 4729, 4730 और 4731/धिल्ली/2017(नि.व. 2010-11 से 2014-15)

Disallowance on account of recoupment -- 7 of loss of Employee Welfare Trust 13 Addition on account of deemed -- 16 dividend

SAHARA INDIA COMMERCIAL CORP. LTD.,KOLKATA vs. ACIT, CC- 1, NEW DELHI

In the result, appeal of the Revenue is dismissed and CO of the assessee is allowed

Bench: Shri Vikas Awasthy & Shri S Rifaur Rahmanआअसं.1977/धिल्ली/2013(नि.व. 2009-10) Sahara India Commercial Corporation Ltd., Sahara India Sadan, 2A, Shakespeare Sarani, Kolkata 700071 ...... अपीलार्थी/Appellant Pan: Aadcs-6118-F बिाम Vs. Deputy Commissioner Of Income Tax, Central Circle-6, R. No. 334, E-2, Ara, ..... प्रनिवादी/Respondent Centre Jhandewalan Extn. New Delhi आअसं.4728, 2795, 4729, 4730 और 4731/धिल्ली/2017(नि.व. 2010-11 से 2014-15)

Disallowance on account of recoupment -- 7 of loss of Employee Welfare Trust 13 Addition on account of deemed -- 16 dividend

DCIT, NEW DELHI vs. M/S. SAHARA INDIA COMMERCIAL CORPORATION LTD., KOLKATA

In the result, appeal of the Revenue is dismissed and CO of the assessee is allowed

Bench: Shri Vikas Awasthy & Shri S Rifaur Rahmanआअसं.1977/धिल्ली/2013(नि.व. 2009-10) Sahara India Commercial Corporation Ltd., Sahara India Sadan, 2A, Shakespeare Sarani, Kolkata 700071 ...... अपीलार्थी/Appellant Pan: Aadcs-6118-F बिाम Vs. Deputy Commissioner Of Income Tax, Central Circle-6, R. No. 334, E-2, Ara, ..... प्रनिवादी/Respondent Centre Jhandewalan Extn. New Delhi आअसं.4728, 2795, 4729, 4730 और 4731/धिल्ली/2017(नि.व. 2010-11 से 2014-15)

Disallowance on account of recoupment -- 7 of loss of Employee Welfare Trust 13 Addition on account of deemed -- 16 dividend