DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S VESTIGE MARKETING PRIVATE LIMITED, DELHI

Bench: Shri Before Shri Satbeer Singh Godarabefore Shri Before Shri Satbeer Singh Godarasatbeer Singh Godara & Satbeer Singh Godara & And & Shri Naveen Chandra Shri Naveen Chandra, , , Shri Naveen Chandra Shri Naveen Chandra

disallowance is primarily based on:  A statement recorded under Section 132(4) during search; and  An inference that payments made

DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S VESTIGE MARKETING PRIVATE LIMITED, DELHI

Bench: Shri Before Shri Satbeer Singh Godarabefore Shri Before Shri Satbeer Singh Godarasatbeer Singh Godara & Satbeer Singh Godara & And & Shri Naveen Chandra Shri Naveen Chandra, , , Shri Naveen Chandra Shri Naveen Chandra

disallowance is primarily based on:  A statement recorded under Section 132(4) during search; and  An inference that payments made

VESTIGE MARKETING PVT LTD,DELHI vs. DCIT CENTRAL CIRCLE -05 , DELHI

Bench: Shri Before Shri Satbeer Singh Godarabefore Shri Before Shri Satbeer Singh Godarasatbeer Singh Godara & Satbeer Singh Godara & And & Shri Naveen Chandra Shri Naveen Chandra, , , Shri Naveen Chandra Shri Naveen Chandra

disallowance is primarily based on:  A statement recorded under Section 132(4) during search; and  An inference that payments made

M/S PARNIKA COMMERCIAL & ESTATES (P) LTD.,NEW DELHI vs. ADDL. CIT, NEW DELHI

In the result, the appeal is allowed for statistical purposes

Bench: : Shri C.M. Garg & Shri L.P. Sahu

section 250(6) of the Income Tax Act, 1961. 2. That On the facts and in the circumstances of the case, the Worthy CIT(A) vide para 3 of the order has erred in facts and also in law in confirming addition of Rs.2,47,75,170/- by disallowing legitimately claimed deduction u/s. 80-IA(4

M/S. BHARTI AIRTEL LTD.,NEW DELHI vs. ADDL. CIT, NEW DELHI

In the result appeal of the assessee with respect to ground No

Bench: Shri I.C.Sudhir & Shri Prashant Maharishibharti Airtel Ltd, Addl Cit, Bharti Crescent, 1, Vs. Range-2, Cr Building, Ip Nelson Mandela Road, Vasant Estate, New Delhi Kunj, New Delhi Pan:Aaacb2894G (Appellant) (Respondent) Bharti Airtel Ltd, Addl Cit, Bharti Crescent, 1, Vs. Range-2, Cr Building, Ip Nelson Mandela Road, Vaxant Estate, New Delhi Kunj, New Delhi Pan:Aaacb2894G (Appellant) (Respondent)

section 201 (1) of the income tax act, 1961 (the act).” 4. In view of the above facts we proceed to decide the above issue involved in the above stated grounds of appeal. Brief facts of the issue is that assessee has challenged disallowance

DCIT, NEW DELHI vs. M/S SAHARA INDIA MASS COMMUNICATION LTD., MUMBAI

In the result, appeals filed by the Revenue are partly allowed

Bench: Shri S. Rifaur Rahman & Shri Vimal Kumar

4. Statutory Disallowance of Gifts—Section 37 and Case Law: While the Act does not explicitly disallow gifts, case law (including

DCIT, NEW DELHI vs. M/S SAHARA INDIA MASS COMMUNICATION LTD., MUMBAI

In the result, appeals filed by the Revenue are partly allowed

Bench: Shri S. Rifaur Rahman & Shri Vimal Kumar

4. Statutory Disallowance of Gifts—Section 37 and Case Law: While the Act does not explicitly disallow gifts, case law (including

DCIT, NEW DELHI vs. M/S SAHARA INDIA MASS COMMUNICATION LTD., MUMBAI

In the result, appeals filed by the Revenue are partly allowed

Bench: Shri S. Rifaur Rahman & Shri Vimal Kumar

4. Statutory Disallowance of Gifts—Section 37 and Case Law: While the Act does not explicitly disallow gifts, case law (including

BSC C&C JV,NEW DELHI vs. NEAC, NEW DELHI

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

Bench: Shri G.S. Pannu, Hon’Ble & Shri Challa Nagendra Prasadआ.अ.सं/.I.T.A No.705/Del/2021 िनधा"रणवष"/Assessment Year: 2016-17 बनाम Bsc C&C Jv Assessing Officer, 74, Hemkunt Colony, Vs. National E-Assessment New Delhi. Centre, Delhi. Pan No. Aadfb8115G अपीलाथ" Appellant ""यथ"/Respondent

4. Ground no. 3 of grounds of appeal of the assessee is in respect of disallowance of deduction claimed u/s 80IA of the Act. 5. Briefly stated the facts are that the assessee BSC C&C Joint Venture (JV) is a Joint Venture between two Infrastructure Companies namely BSCPL Infrastructure Ltd. and C&C Constructions Ltd. The assessee

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

Appeal of the Revenue is dismissed

Bench: Shri Narendra Kumar Billaiya & Shri Kul Bharat

section 115 JB of the Act. In view of the above, the addition/disallowance made by the assessing officer was rightly deleted by the CIT(A). Ground no. 4: Disallowance

RICHMOND EDUCATIONAL SOCIETY,NOIDA vs. DCIT/ACIT CENTRAL CIRCLE, GHAZIABAD, GHAZIABAD

Bench: Shri Challa Nagendra Prasad & Shri M. Balaganesh

4) of the Act. We find that post Finance Act, 2022, the provisions of section 13(1)(c) of the Act very clearly mention that if there is a benefit extended to specified persons referred to section 13(3) of the Act either directly or indirectly, then only such part of the income so diverted would be subjected

MOTHERSON SUMI SYSTEMS LIMITED,NEW DELHI vs. DCIT, NEW DELHI

In the result, appeal of the assessee is allowed for statistical purposes

Bench: Shri Shamim Yahya & Ms. Astha Chandraasstt. Year: 2010-11

4,209,878 9 Receipt of Interest on loans 546,809 10 Reimbursement of expenses received 1,886,087 3 Motherson Sumi Systems Limited vs. DCIT The Ld. Assessing Officer (“AO”) in the draft assessment order 3.2 proposed an addition of Rs. 56,13,895/- on account of disallowance of exemption under section

VESTIGE MARKETING PVT LTD,DELHI vs. DCIT, CENTRAL CIRCLE-05, DELHI

Bench: Shri Satbeer Singh Godara & Shri Naveen Chandra

section Additions made by AO Additions confirmed by CIT(A) Additions deleted by CIT(A) 2018-19 148 Disallowance of purchases expenses u/s 37(1) Alleged cash receipts as unexplained money 69A on account of ticket sales for events 88,636,574 4

DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S VESTIGE MARKETING PRIVATE LIMITED, DELHI

Bench: Shri Satbeer Singh Godara & Shri Naveen Chandra

section Issue Additions made by AO Additions confirmed by CIT(A) Additions deleted by CIT(A) 2018-19 148 Disallowance of purchases expenses u/s 37(1) Alleged cash receipts as unexplained money 69A on account of ticket sales for events 88,636,574 4

DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S VESTIGE MARKETING PRIVATE LIMITED, DELHI

Bench: Shri Satbeer Singh Godara & Shri Naveen Chandra

section Issue Additions made by AO Additions confirmed by CIT(A) Additions deleted by CIT(A) 2018-19 148 Disallowance of purchases expenses u/s 37(1) Alleged cash receipts as unexplained money 69A on account of ticket sales for events 88,636,574 4

VESTIGE MARKETING PVT LTD,DELHI vs. DCIT, CENTRAL CIRCLE-05, DELHI

Bench: Shri Satbeer Singh Godara & Shri Naveen Chandra

section Issue Additions made by AO Additions confirmed by CIT(A) Additions deleted by CIT(A) 2018-19 148 Disallowance of purchases expenses u/s 37(1) Alleged cash receipts as unexplained money 69A on account of ticket sales for events 88,636,574 4

VESTIGE MARKETING PVT. LTD.,DELHI vs. DCIT, CENTRAL CIRCLE- 05, DELHI

Bench: Shri Satbeer Singh Godara & Shri Naveen Chandra

section Issue Additions made by AO Additions confirmed by CIT(A) Additions deleted by CIT(A) 2018-19 148 Disallowance of purchases expenses u/s 37(1) Alleged cash receipts as unexplained money 69A on account of ticket sales for events 88,636,574 4

BSC C&C JOINT VENTURE,NEW DELHI vs. DCIT CIRCLE-61(1),, NEW DELHI

In the result, appeal of the assessee is partly allowed for statistical purposes

Bench: Shri M Balaganesh & Ms. Astha Chandraasstt. Year: 2017-18

Disallowance under section 36(1)(va) Rs. 1,42,72,897/- r.w. section 2(24)(x) Total assessed income Rs. 46,09,79,383/- Rounded off to- Rs. 46,09,79,380/- 3.2 The Ld. FAO negatived the claim of deduction under section 801A(4