M/S. OIL INDUSTRY DEVELOPMENT BOARD,NEW DELHI vs. DCIT, NEW DELHI

In the result, all the three appeals filed by the assessee are allowed

Bench: Shri Bhavnesh Saini & Shri O.P. Kant

disallowed by the Assessing Officer and the Ld. CIT(A). According to the Ld. counsel, said claim of weighted deduction under section 35(1) of the Act was made under the bonafide belief that the institution to which grants were made i.e. M/s The Petroleum Conservation Research Association, New Delhi, was entitled as approved scientific research Association under section

SHRI SURESH VERMA,DELHI vs. ACIT, NEW DELHI

In the result, the appeal of the assessee is allowed

section 133A of the Act was also carried out at the business premises of the assessee. In the course of survey proceedings, the assessee declared excessive stock of Rs. 3,81,30,064/- as income of the year under consideration. The assessee filed return of income declaring total income of Rs. 3,23,46,890/- on 20/09/2011. The case

PR. COMMISSIONER OF INCOME TAX CENTRAL 2 NEW DELHI vs. MEETA GUTGUTIA PROP M/S FERSN N PETALS

Bench: HON'BLE DR. JUSTICE S.MURALIDHAR,HON'BLE MR. JUSTICE CHANDER SHEKHAR

disallowance can be made in relation to that assessment year in exercise of powers under section 153A of the Act and the earlier assessment shall have to be reiterated. In this regard, this court is in complete agreement with the view adopted by the Rajasthan High Court in the case of Jai Steel (India) v. Asst. CIT (supra). Besides

PR. COMMISSIONER OF INCOME TAX CENTRAL 2 NEW DELHI vs. MEETA GUTGUTIA PROP M/S FERNS N PETALS

Bench: HON'BLE DR. JUSTICE S.MURALIDHAR,HON'BLE MR. JUSTICE CHANDER SHEKHAR

disallowance can be made in relation to that assessment year in exercise of powers under section 153A of the Act and the earlier assessment shall have to be reiterated. In this regard, this court is in complete agreement with the view adopted by the Rajasthan High Court in the case of Jai Steel (India) v. Asst. CIT (supra). Besides

PR COMMISSIONER OF INCOME TAX CENTRAL -2 vs. MEETA GUTGUTIA PROP M/S FERNS N PETALS

Bench: HON'BLE DR. JUSTICE S.MURALIDHAR,HON'BLE MR. JUSTICE CHANDER SHEKHAR

disallowance can be made in relation to that assessment year in exercise of powers under section 153A of the Act and the earlier assessment shall have to be reiterated. In this regard, this court is in complete agreement with the view adopted by the Rajasthan High Court in the case of Jai Steel (India) v. Asst. CIT (supra). Besides

SAHIL STUDY CIRCLE PVT. LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, the appeal of the assessee stands allowed

Bench: Shri G.D. Agrawal & Shri A.T. Varkey

Section 133A(3)(iii) of the Act clarifies beyond doubt that the material collected and the statement recorded during the survey is not a conclusive piece of evidence by itself. 15. In any event, it is settled law that though an admission is extremely important piece of evidence, it cannot be said to be conclusive and it is open

VEDANTA LTD ,GURGAON vs. ACIT, CIRCLE- 26(2), NEW DELHI

Bench: Shri N.K. Billaiya & Shri Kuldip Singh[Assessment Year: 2014-15]

section 133A of the Act on 20.3.2014 at the business premises of the appellant, certain documents were impounded, which contained email exchanges made by the senior executives of the appellant company. 84. From a perusal of the aforementioned emails, the Assessing Officer formed a belief that receivables of Rs.1095.93 crores have not been disclosed by the assessee in its books

M/S PURI CONSTRUCTION LTD.,NEW DELHI vs. DCIT, NEW DELHI

Bench: Shri B.P. Jain & Shri Sudhanshu Srivastava[Assessment Year: 2006-07] M/S Puri Construction Ltd Vs. The Dy. C.I.T W-82/A, Greater Kailash - Ii Circle - 18 New Delhi New Delhi Pan : Aaacp2760 K

disallowance of sum paid to M/s.Sino Credits & Leasing Ltd. 2. On the facts and in the circumstance of the case and in law, the CIT(A) has erred Ld.CIT(A) erred in ignoring the corroborating/incriminating evidences found during the course of survey proceedings u/s 133A carried out twice on 20.11.2007 and 05.01.2009 at the business premises of Sh.S.K.Gupta

DCIT, NEW DELHI vs. M/S PURI CONSTRUCTION LTD., NEW DELHI

Bench: Shri B.P. Jain & Shri Sudhanshu Srivastava[Assessment Year: 2006-07] M/S Puri Construction Ltd Vs. The Dy. C.I.T W-82/A, Greater Kailash - Ii Circle - 18 New Delhi New Delhi Pan : Aaacp2760 K

disallowance of sum paid to M/s.Sino Credits & Leasing Ltd. 2. On the facts and in the circumstance of the case and in law, the CIT(A) has erred Ld.CIT(A) erred in ignoring the corroborating/incriminating evidences found during the course of survey proceedings u/s 133A carried out twice on 20.11.2007 and 05.01.2009 at the business premises of Sh.S.K.Gupta

DCIT, NEW DELHI vs. M/S. PURI CONSTRUCTION PVT. LTD., NEW DELHI

Bench: Shri B.P. Jain & Shri Sudhanshu Srivastava[Assessment Year: 2006-07] M/S Puri Construction Ltd Vs. The Dy. C.I.T W-82/A, Greater Kailash - Ii Circle - 18 New Delhi New Delhi Pan : Aaacp2760 K

disallowance of sum paid to M/s.Sino Credits & Leasing Ltd. 2. On the facts and in the circumstance of the case and in law, the CIT(A) has erred Ld.CIT(A) erred in ignoring the corroborating/incriminating evidences found during the course of survey proceedings u/s 133A carried out twice on 20.11.2007 and 05.01.2009 at the business premises of Sh.S.K.Gupta

DCIT, NEW DELHI vs. M/S. HIMACHAL FUTURISTIC COMMUNICATIONS LTD., NEW DELHI

Appeals are disposed of by this common order

Bench: Shri Kul Bharat & Shri Prashant Maharishi(Through Video Conferencing)

133A of the Act at various business premises in different cities. 7. Consequent to the above search notice under Section 153A of the Act was issued on 12.08.2008. The assessee filed return on 25.02.2009 declaring ‘NIL’ income. The assessment order under Section 153A read with Section 143(3) of the Act was passed by the Dy. Commissioner of Income

HIMACHAL FUTURISTIC COMMUNICATIONS LTD.,NEW DELHI vs. DCIT, NEW DELHI

Appeals are disposed of by this common order

Bench: Shri Kul Bharat & Shri Prashant Maharishi(Through Video Conferencing)

133A of the Act at various business premises in different cities. 7. Consequent to the above search notice under Section 153A of the Act was issued on 12.08.2008. The assessee filed return on 25.02.2009 declaring ‘NIL’ income. The assessment order under Section 153A read with Section 143(3) of the Act was passed by the Dy. Commissioner of Income

DCIT, NEW DELHI vs. M/S. HIMACHAL FUTURISTIC COMMUNICATIONS LTD., NEW DELHI

Appeals are disposed of by this common order

Bench: Shri Kul Bharat & Shri Prashant Maharishi(Through Video Conferencing)

133A of the Act at various business premises in different cities. 7. Consequent to the above search notice under Section 153A of the Act was issued on 12.08.2008. The assessee filed return on 25.02.2009 declaring ‘NIL’ income. The assessment order under Section 153A read with Section 143(3) of the Act was passed by the Dy. Commissioner of Income

HIMACHAL FUTURISTIC COMMUNICATIONS LTD.,NEW DELHI vs. DCIT, NEW DELHI

Appeals are disposed of by this common order

Bench: Shri Kul Bharat & Shri Prashant Maharishi(Through Video Conferencing)

133A of the Act at various business premises in different cities. 7. Consequent to the above search notice under Section 153A of the Act was issued on 12.08.2008. The assessee filed return on 25.02.2009 declaring ‘NIL’ income. The assessment order under Section 153A read with Section 143(3) of the Act was passed by the Dy. Commissioner of Income

DCIT, NEW DELHI vs. M/S. HIMACHAL FUTURISTIC COMMUNICATIONS LTD., NEW DELHI

Appeals are disposed of by this common order

Bench: Shri Kul Bharat & Shri Prashant Maharishi(Through Video Conferencing)

133A of the Act at various business premises in different cities. 7. Consequent to the above search notice under Section 153A of the Act was issued on 12.08.2008. The assessee filed return on 25.02.2009 declaring ‘NIL’ income. The assessment order under Section 153A read with Section 143(3) of the Act was passed by the Dy. Commissioner of Income

DCIT, NEW DELHI vs. M/S HIMACHAL FUTURISTIC COMMUNICATION LTD.,, NEW DELHI

Appeals are disposed of by this common order

Bench: Shri Kul Bharat & Shri Prashant Maharishi(Through Video Conferencing)

133A of the Act at various business premises in different cities. 7. Consequent to the above search notice under Section 153A of the Act was issued on 12.08.2008. The assessee filed return on 25.02.2009 declaring ‘NIL’ income. The assessment order under Section 153A read with Section 143(3) of the Act was passed by the Dy. Commissioner of Income

DCIT, NEW DELHI vs. M/S. HIMACHAL FUTURISTIC COMMUNICATIONS LTD., NEW DELHI

Appeals are disposed of by this common order

Bench: Shri Kul Bharat & Shri Prashant Maharishi(Through Video Conferencing)

133A of the Act at various business premises in different cities. 7. Consequent to the above search notice under Section 153A of the Act was issued on 12.08.2008. The assessee filed return on 25.02.2009 declaring ‘NIL’ income. The assessment order under Section 153A read with Section 143(3) of the Act was passed by the Dy. Commissioner of Income

ORAVEL STAYS LIMITED (FORMERLY KNOWN AS ORAVEL STAYS PRIVATE LIMITED),GURUGRAM vs. DCIT CENTRAL CIRCLE 6, NEW DELHI

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

Bench: Shri Yogesh Kumar U.S. & Shri Avdhesh Kumar Mishra

disallowance of INR 62,04,444 made by the assessing officer under section 2(24)(x) read with section 36(1)(va) of the Act. 4.1 That the CIT(A) erred on facts and in law in holding the due date for deposit of employee's contribution to provident fund/other fund shall be the due date provided under the respective