RELIGARE FINVEST LTD,NEW DELHI vs. ADDL.CIY, RANGE-21, NEW DELHI

In the result, for assessment year 2007-08 the appeal of the assessee as well as Revenue are dismissed

Bench: Shri O.P. Kant & Shri Kuldip Singh, Judicialmember

section 14A to the extent of exempted income of ₹ 35,09,948/-. As the assessee made sumo disallowance of ₹ 24,24,142/-, he sustained the balance amount of ₹ 10,85,806/-out of the disallowance made by the Assessing Officer. 7 ITA No.1947/Del./2018 ; 2364/Del.2018; 6474/Del./2016 &5872/Del./2016 3.5 Before us, the learned Counsel of the assessee filed

ACIT,, NEW DELHI vs. M/S RELIGARE FINVEST LTD.,, NEW DELHI

In the result, for assessment year 2007-08 the appeal of the assessee as well as Revenue are dismissed

Bench: Shri O.P. Kant & Shri Kuldip Singh, Judicialmember

section 14A to the extent of exempted income of ₹ 35,09,948/-. As the assessee made sumo disallowance of ₹ 24,24,142/-, he sustained the balance amount of ₹ 10,85,806/-out of the disallowance made by the Assessing Officer. 7 ITA No.1947/Del./2018 ; 2364/Del.2018; 6474/Del./2016 &5872/Del./2016 3.5 Before us, the learned Counsel of the assessee filed

ACIT, CIRCLE- 21(1), NEW DELHI vs. RELIGARE FINVEST LTD., NEW DELHI

In the result, for assessment year 2007-08 the appeal of the assessee as well as Revenue are dismissed

Bench: Shri O.P. Kant & Shri Kuldip Singh, Judicialmember

section 14A to the extent of exempted income of ₹ 35,09,948/-. As the assessee made sumo disallowance of ₹ 24,24,142/-, he sustained the balance amount of ₹ 10,85,806/-out of the disallowance made by the Assessing Officer. 7 ITA No.1947/Del./2018 ; 2364/Del.2018; 6474/Del./2016 &5872/Del./2016 3.5 Before us, the learned Counsel of the assessee filed

HERO MOTO CORP LTD.,NEW DELHI vs. NEAC, DELHI

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

Section. Accordingly, respectfully following the decision of the coordinate bench in assessee‟s own case for assessment year 2007 – 08 and 2008 – 09 we set-aside this ground of appeal back to the file of the learned assessing officer. 49. Ground number 13 is with respect to Proportionate cost of Model Fee considered in valuation of closing stock

ADDL. CIT, SPECIAL RANGE- 7, NEW DELHI vs. PTC INDIA FINANCIAL SERVICES LTD, NEW DELHI

In the result, the appeals of the assessee for AY 2013-14 and 2014-15

Bench: Shri N.K. Billaiya & Ms. Astha Chandraasstt. Year 2013-14 & Asstt. Year 2014-15

section 14A and added it to the total income of the assessee. 25. On appeal, following the decision of Hon’ble Delhi High Court in Joint Investment (P) Ltd. 372 ITR 694 the Ld. CIT(A) restricted the disallowance to Rs. 45,49,293

ACIT, NEW DELHI vs. M/S. PTC INDIA FINANCIAL SERVICES LTD., NEW DELHI

In the result, the appeals of the assessee for AY 2013-14 and 2014-15

Bench: Shri N.K. Billaiya & Ms. Astha Chandraasstt. Year 2013-14 & Asstt. Year 2014-15

section 14A and added it to the total income of the assessee. 25. On appeal, following the decision of Hon’ble Delhi High Court in Joint Investment (P) Ltd. 372 ITR 694 the Ld. CIT(A) restricted the disallowance to Rs. 45,49,293

PTC INDIA FINANCIAL SERVICES LTD.,NEW DELHI vs. DCIT, CIRCLE- 19(2), NEW DELHI

In the result, the appeals of the assessee for AY 2013-14 and 2014-15

Bench: Shri N.K. Billaiya & Ms. Astha Chandraasstt. Year 2013-14 & Asstt. Year 2014-15

section 14A and added it to the total income of the assessee. 25. On appeal, following the decision of Hon’ble Delhi High Court in Joint Investment (P) Ltd. 372 ITR 694 the Ld. CIT(A) restricted the disallowance to Rs. 45,49,293

M/S. PTC INDIA FINANCIAL SERVICES LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, the appeals of the assessee for AY 2013-14 and 2014-15

Bench: Shri N.K. Billaiya & Ms. Astha Chandraasstt. Year 2013-14 & Asstt. Year 2014-15

section 14A and added it to the total income of the assessee. 25. On appeal, following the decision of Hon’ble Delhi High Court in Joint Investment (P) Ltd. 372 ITR 694 the Ld. CIT(A) restricted the disallowance to Rs. 45,49,293

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

HERO MOTOCORP LTD.,NEW DELHI vs. DCIT, CIRCLE- 11(1), NEW DELHI

Appeal of the assessee is partly allowed for statistical purpose

Bench: Shri N. K. Billaiya & Ms Suchitra Kamble

disallowing this claim. Therefore, Ground No. 18 to 18.2 are allowed in favour of the assessee.” From the records it can be seen that the provision for the material is worked out in respect of price amendments which were already issued on 31.03.2009 which was made on the basis of actual supplied made upto the end of the year

NIIT TECHNOLOGIES LTD.,NEW DELHI vs. ACIT, NEW DELHI

In the result, both the appeals of the assessee are partly allowed and the appeal of Revenue for assessment year 2007-08

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

disallowed by the Assessing Officer, however same was allowed by the Ld. CIT(A). The Assessing Officer observed that the different units of the assessee company are not operating in isolation but they are operating as different branch of the same tree. The Assessing Officer observed that the assessee was maintaining single books of accounts for all its units, including

ACIT, NEW DELHI vs. M/S NIIT TECHNOLOGIES LTD.,, NEW DELHI

In the result, both the appeals of the assessee are partly allowed and the appeal of Revenue for assessment year 2007-08

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

disallowed by the Assessing Officer, however same was allowed by the Ld. CIT(A). The Assessing Officer observed that the different units of the assessee company are not operating in isolation but they are operating as different branch of the same tree. The Assessing Officer observed that the assessee was maintaining single books of accounts for all its units, including

NIIT TECHNOLOGIES LTD.,NEW DELHI vs. ACIT, NEW DELHI

In the result, both the appeals of the assessee are partly allowed and the appeal of Revenue for assessment year 2007-08

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

disallowed by the Assessing Officer, however same was allowed by the Ld. CIT(A). The Assessing Officer observed that the different units of the assessee company are not operating in isolation but they are operating as different branch of the same tree. The Assessing Officer observed that the assessee was maintaining single books of accounts for all its units, including

ACIT, NEW DELHI vs. M/S NIIT TECHNOLOGIES LTD.,, NEW DELHI

In the result, both the appeals of the assessee are partly allowed and the appeal of Revenue for assessment year 2007-08

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

disallowed by the Assessing Officer, however same was allowed by the Ld. CIT(A). The Assessing Officer observed that the different units of the assessee company are not operating in isolation but they are operating as different branch of the same tree. The Assessing Officer observed that the assessee was maintaining single books of accounts for all its units, including

GE CAPITAL SERVICES INDIA,NEW DELHI vs. DCIT, NEW DELHI

In the result, appeal filed by the learned assessing officer is dismissed

Bench: Shri Prashant Maharishia N D Shri K. Narasimha Chary

section 14 A of the income tax act. The learned AO has made the disallowance of ₹ 1 to 8694779/– whereas the learned CIT – A has deleted the addition of Rs. 116793711/– and therefore the assessing officer is in appeal before us. 92. While deciding the appeal of the assessee we have held that there is no satisfaction recorded

DCIT, NEW DELHI vs. M/S. MARUTI SUZUKI INDIA LTD., NEW DELHI

In the result, the appeal of the Revenue in ITA No

Bench: Shri Shamim Yahya & Shri Kul Bharat[Assessment Year : 2010-11] Maruti Suzuki India Ltd., Vs Dcit, Plot No.1, Nelson Mandela Road, Circle-16(1), Vasant Kunj, New Delhi-110070. New Delhi. Pan-Aaacm0829Q Appellant Respondent [Assessment Year : 2010-11] Dcit, Vs Maruti Suzuki India Ltd., Circle-16(1), Plot No.1, Nelson Mandela Road, New Delhi. Vasant Kunj, New Delhi-110070. Pan-Aaacm0829Q Appellant Respondent Appellant By Shri Ajay Vohra, Sr.Adv., Shri Neeraj Jain, Adv. & Ms. Tejasvi Jain & Ms. Somya Jain, Ca Respondent By Shri G.C.Srivastava, Adv., Shri Kalrav Mehrotra, Adv. & Shri Mayank Patawari, Ca Date Of Hearing 11.11.2022 Date Of Pronouncement 09.02.2023

disallowance under section 43B of the Act following the assessment Orders for the 2 | P a g e earlier assessment years despite admitting that in the earlier year(s) most of the issues have been decided in favour of the appellant. 3.2. That the Assessing Officer erred on facts and in law in holding that the deduction of liability

MARUTI SUZUKI INDIA LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, the appeal of the Revenue in ITA No

Bench: Shri Shamim Yahya & Shri Kul Bharat[Assessment Year : 2010-11] Maruti Suzuki India Ltd., Vs Dcit, Plot No.1, Nelson Mandela Road, Circle-16(1), Vasant Kunj, New Delhi-110070. New Delhi. Pan-Aaacm0829Q Appellant Respondent [Assessment Year : 2010-11] Dcit, Vs Maruti Suzuki India Ltd., Circle-16(1), Plot No.1, Nelson Mandela Road, New Delhi. Vasant Kunj, New Delhi-110070. Pan-Aaacm0829Q Appellant Respondent Appellant By Shri Ajay Vohra, Sr.Adv., Shri Neeraj Jain, Adv. & Ms. Tejasvi Jain & Ms. Somya Jain, Ca Respondent By Shri G.C.Srivastava, Adv., Shri Kalrav Mehrotra, Adv. & Shri Mayank Patawari, Ca Date Of Hearing 11.11.2022 Date Of Pronouncement 09.02.2023

disallowance under section 43B of the Act following the assessment Orders for the 2 | P a g e earlier assessment years despite admitting that in the earlier year(s) most of the issues have been decided in favour of the appellant. 3.2. That the Assessing Officer erred on facts and in law in holding that the deduction of liability

VEDANTA LTD (SUCCESSOR TO CAIRN INDIA LTD),GURGAON vs. ACIT, CIRCLE-26(1), NEW DELHI

Bench: Hon’Ble, Shri N.K. Saini & Shri Kuldip Singh

293,97,09,563/- Under MAT Provisions u/s 115JB of the I.T. Act, 1961 Book Profit shown in return 6667,49,45,379/- 9 Add : Expenses related to 212,15,413/- Exempt Income (Rs.239,12,053 – Rs.26,96,604) Add : Excess Depreciation 180,40,27,029/- 6850,01,87,820/- disallowed under UOP method Taxable Book Profit