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

33,97,440/-. The return filed by the assessee was selected for scrutiny assessment and notice under section 143(2) of the Income Tax act, 1961 (in short ‘the Act’) was issued and complied with. The scrutiny assessment under section 143(3) of the Act was completed on 31/12/2009 after making certain addition/disallowances to the returned income. Aggrieved, the assessee

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

33,97,440/-. The return filed by the assessee was selected for scrutiny assessment and notice under section 143(2) of the Income Tax act, 1961 (in short ‘the Act’) was issued and complied with. The scrutiny assessment under section 143(3) of the Act was completed on 31/12/2009 after making certain addition/disallowances to the returned income. Aggrieved, the assessee

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

33,97,440/-. The return filed by the assessee was selected for scrutiny assessment and notice under section 143(2) of the Income Tax act, 1961 (in short ‘the Act’) was issued and complied with. The scrutiny assessment under section 143(3) of the Act was completed on 31/12/2009 after making certain addition/disallowances to the returned income. Aggrieved, the assessee

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

33,97,440/-. The return filed by the assessee was selected for scrutiny assessment and notice under section 143(2) of the Income Tax act, 1961 (in short ‘the Act’) was issued and complied with. The scrutiny assessment under section 143(3) of the Act was completed on 31/12/2009 after making certain addition/disallowances to the returned income. Aggrieved, the assessee

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

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

disallowed 30% of total trade discount of Rs. 56,90,94,045 given to dealers on sales invoice at the time of sale while alleging that the same was based on achievement of turnover targets, which represented commission on which TDS under section 194H was liable to be deducted. 33

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

33,490). Considering the above the disallowance made by the AO u/s 14A is reduced from Rs. 1,79,17,211 /- to Rs. 82,05,031/-.” 5.4 Before us, the Counsel of the assessee referred to various decision of the Hon’ble courts and submitted that for making ITA Nos. 5524 & 5525/Del/2013 disallowance under section

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

33,490). Considering the above the disallowance made by the AO u/s 14A is reduced from Rs. 1,79,17,211 /- to Rs. 82,05,031/-.” 5.4 Before us, the Counsel of the assessee referred to various decision of the Hon’ble courts and submitted that for making ITA Nos. 5524 & 5525/Del/2013 disallowance under section

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

33,490). Considering the above the disallowance made by the AO u/s 14A is reduced from Rs. 1,79,17,211 /- to Rs. 82,05,031/-.” 5.4 Before us, the Counsel of the assessee referred to various decision of the Hon’ble courts and submitted that for making ITA Nos. 5524 & 5525/Del/2013 disallowance under section

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

33,490). Considering the above the disallowance made by the AO u/s 14A is reduced from Rs. 1,79,17,211 /- to Rs. 82,05,031/-.” 5.4 Before us, the Counsel of the assessee referred to various decision of the Hon’ble courts and submitted that for making ITA Nos. 5524 & 5525/Del/2013 disallowance under section

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

33. That the assessing officer erred on facts and in law in disallowing deduction under section 80IC of the Act by an amount

TECHNOLOGIES LTD) vs. ACIT

Appeals are allowed

Disallowance under Section 14A of the Act: - ..................................................................... 16 Commuted/discounted one-time lease rent: - ....................................................................... 25 Conclusion: - ............................................................................................................................ 33 2021:DHC:1941-DB ITA 213-215/2020

TECHNOLOGIES LTD) vs. ACIT

Appeals are allowed

Disallowance under Section 14A of the Act: - ..................................................................... 16 Commuted/discounted one-time lease rent: - ....................................................................... 25 Conclusion: - ............................................................................................................................ 33 2021:DHC:1941-DB ITA 213-215/2020

TECHNOLOGIES LTD) vs. ACIT

Appeals are allowed

Disallowance under Section 14A of the Act: - ..................................................................... 16 Commuted/discounted one-time lease rent: - ....................................................................... 25 Conclusion: - ............................................................................................................................ 33 Digitally Signed By:VIPIN

DCIT, CIRCLE- 21(1), NEW DELHI vs. RELIGARE ENTERPRISES LTD.,, NEW DELHI

In the result, revenue’s appeal is dismissed and cross-objection

Bench: Shri Saktijit Dey & Shri Pradip Kumar Kedia:Assessment Year: 2014-15 Deputy Commissioner Of Vs. M/S. Religare Enterprises Income-Tax, Circle-21(1), Ltd., 2Nd Floor, Rajlok New Delhi Building, 24-Nehru Place, New Delhi-110019 Pan :Aaacv5888N (Appellant) (Respondent)

section 14A of the Act shall still be applicable, even though such known income is not relatable to the relevant assessment year. 33. In case of shares, it will, however, kindly be appreciated that there is complete uncertainty as to whether or not any amount/ income (be it dividend or capital gains) arise at all at a later date

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

In the result, -Appeal in ITA No

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

disallowance of interest on compulsory convertible debentures subscribed by its holding Company i.e. Religare Enterprises Ltd interest for the A.Y 2014-15, wherein the CIT(A) has taken into account of the order passed by its predecessor for the Assessment year 2012-13 and taken a contrary view, which requires no interference. 31. Per contra, the ld. Assessee's Representative

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

In the result, -Appeal in ITA No

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

disallowance of interest on compulsory convertible debentures subscribed by its holding Company i.e. Religare Enterprises Ltd interest for the A.Y 2014-15, wherein the CIT(A) has taken into account of the order passed by its predecessor for the Assessment year 2012-13 and taken a contrary view, which requires no interference. 31. Per contra, the ld. Assessee's Representative

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

In the result, -Appeal in ITA No

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

disallowance of interest on compulsory convertible debentures subscribed by its holding Company i.e. Religare Enterprises Ltd interest for the A.Y 2014-15, wherein the CIT(A) has taken into account of the order passed by its predecessor for the Assessment year 2012-13 and taken a contrary view, which requires no interference. 31. Per contra, the ld. Assessee's Representative

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

In the result, -Appeal in ITA No

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

disallowance of interest on compulsory convertible debentures subscribed by its holding Company i.e. Religare Enterprises Ltd interest for the A.Y 2014-15, wherein the CIT(A) has taken into account of the order passed by its predecessor for the Assessment year 2012-13 and taken a contrary view, which requires no interference. 31. Per contra, the ld. Assessee's Representative