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 was computed at Rs.119,519,888/- and after giving benefit of suo-motu disallowance made by the appellant of Rs.49,25,241/-, resultant disallowance was made to the extent of Rs.11,45

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 was computed at Rs.119,519,888/- and after giving benefit of suo-motu disallowance made by the appellant of Rs.49,25,241/-, resultant disallowance was made to the extent of Rs.11,45

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 was computed at Rs.119,519,888/- and after giving benefit of suo-motu disallowance made by the appellant of Rs.49,25,241/-, resultant disallowance was made to the extent of Rs.11,45

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

section 14A was computed at Rs.119,519,888/- and after giving benefit of suo-motu disallowance made by the appellant of Rs.49,25,241/-, resultant disallowance was made to the extent of Rs.11,45

MDLR BUILDERS P.LTD,NEW DELHI vs. DCIT, CENTRAL CIRCLE-14, NEW DELHI

In the result, both the appeals filed by the respective assessees are partly allowed for statistical purpose

Bench: Sh. R. K. Panda & Sh. Kuldip Singhassessment Year: 2008-09

disallowing the loss claimed on purchase and sale of shares is also illegal, both on merits and even otherwise beyond the scope of powers of the learned Commissioner of Income Tax (Appeals) under section 251 of the Act. It is thus prayed that appeal of the appellant may kindly be allowed as such. 13. The Ld. Counsel for the assessee

MDLR ESTATES PVT. LTD.,NEW DELHI vs. DCIT, CENTRAL CIRCLE-14, NEW DELHI

In the result, both the appeals filed by the respective assessees are partly allowed for statistical purpose

Bench: Sh. R. K. Panda & Sh. Kuldip Singhassessment Year: 2008-09

disallowing the loss claimed on purchase and sale of shares is also illegal, both on merits and even otherwise beyond the scope of powers of the learned Commissioner of Income Tax (Appeals) under section 251 of the Act. It is thus prayed that appeal of the appellant may kindly be allowed as such. 13. The Ld. Counsel for the assessee

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

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

disallowed under section 14A of the Act, where the appellant had sufficient surplus funds and there was no finding by the assessing officer of any direct nexus of borrowed funds with investments: i. Godrej & Boyce Manufacturing Company Ltd. VS. DCIT: 394 ITR 449(SC) ii. Pr. CIT vs. GMM Pfaulder Ltd.: ITA No. 506 of 2017 dated

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

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

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

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

DCIT, 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.

section 14A of the Income Tax Act, 1961 (“the Act”) as against suo-motu disallowance of Rs.77,45,598 made

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.

section 14A of the Income Tax Act, 1961 (“the Act”) as against suo-motu disallowance of Rs.77,45,598 made

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.

section 14A of the Income Tax Act, 1961 (“the Act”) as against suo-motu disallowance of Rs.77,45,598 made

ACIT, 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.

section 14A of the Income Tax Act, 1961 (“the Act”) as against suo-motu disallowance of Rs.77,45,598 made

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.

section 14A of the Income Tax Act, 1961 (“the Act”) as against suo-motu disallowance of Rs.77,45,598 made

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.

section 14A of the Income Tax Act, 1961 (“the Act”) as against suo-motu disallowance of Rs.77,45,598 made

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.

section 14A of the Income Tax Act, 1961 (“the Act”) as against suo-motu disallowance of Rs.77,45,598 made