MAHAVIR TRANSMISSION LTD,NEW DELHI vs. DCIT, CENTRAL CORCLE-25, NEW DELHI

In the result, the all appeals of the assessee are allowed and all the appeals of the Revenue are dismissed

Bench: Dr. B. R. R. Kumar, Sh. Sudhir Kumar

disallowance of purchases with respect of remaining 17 parties is arbitrary and without any basis. 24. Moreover, as regards the various other observations of the AO for holding that the purchases made by the assessee are not genuine, the assessee has submitted a point wise detailed rebuttal for each observation during the course of assessment proceedings as well as appellate

DCIT, CENTRAL CIRCLE-25, NEW DELHI vs. MAHAVEER TRANSMISSION LTD, NEW DELHI

In the result, the all appeals of the assessee are allowed and all the appeals of the Revenue are dismissed

Bench: Dr. B. R. R. Kumar, Sh. Sudhir Kumar

disallowance of purchases with respect of remaining 17 parties is arbitrary and without any basis. 24. Moreover, as regards the various other observations of the AO for holding that the purchases made by the assessee are not genuine, the assessee has submitted a point wise detailed rebuttal for each observation during the course of assessment proceedings as well as appellate

DCIT, CENTRAL CIRCLE-25, NEW DELHI vs. MAHAVEER TRANSMISSION LTD, NEW DELHI

In the result, the all appeals of the assessee are allowed and all the appeals of the Revenue are dismissed

Bench: Dr. B. R. R. Kumar, Sh. Sudhir Kumar

disallowance of purchases with respect of remaining 17 parties is arbitrary and without any basis. 24. Moreover, as regards the various other observations of the AO for holding that the purchases made by the assessee are not genuine, the assessee has submitted a point wise detailed rebuttal for each observation during the course of assessment proceedings as well as appellate

MAHAVIR TRANSMISSIN LTD ,NEW DELHI vs. DCIT, CENTRAL CIRCLE-25 , NEW DELHI

In the result, the all appeals of the assessee are allowed and all the appeals of the Revenue are dismissed

Bench: Dr. B. R. R. Kumar, Sh. Sudhir Kumar

disallowance of purchases with respect of remaining 17 parties is arbitrary and without any basis. 24. Moreover, as regards the various other observations of the AO for holding that the purchases made by the assessee are not genuine, the assessee has submitted a point wise detailed rebuttal for each observation during the course of assessment proceedings as well as appellate

MAHAVIR TRANSMISSION LTD,NEW DELHI vs. DCIT, CENTRAL CIRCLE-25, NEW DELHI

In the result, the all appeals of the assessee are allowed and all the appeals of the Revenue are dismissed

Bench: Dr. B. R. R. Kumar, Sh. Sudhir Kumar

disallowance of purchases with respect of remaining 17 parties is arbitrary and without any basis. 24. Moreover, as regards the various other observations of the AO for holding that the purchases made by the assessee are not genuine, the assessee has submitted a point wise detailed rebuttal for each observation during the course of assessment proceedings as well as appellate

CK INTERNATIONAL PVT LTD,DELHI vs. ITO,WARD-6(1), DELHI

In the result, the appeal of filed by the assessee is allowed

2)(vii) (b) of the Act.\n6. That on the facts & circumstances of the case and in law,\nthe JCIT(A) has erred in not appreciating that the scope of\ndisallowance/adjustment under section 143(1) is very\nlimited. An issue which is debatable outside the scope of\npurview of section 143(1) of the Act.\"\nLearned\nRepresentative\nfor\nthe\nappellant/assessee

GURBAKSHISH SINGH BATRA,NEW DELHI vs. PR. CIT - 12, NEW DELHI

In the result, the appeal filed by the assessee is allowed

Bench: Shri R.K. Panda & Shri N.K. Choudhryassessment Year: 2016-17 Gurbakshish Singh Batra, Vs Pr.Cit-12, E-1511, Wazir Nagr, New Delhi. Kotla Mubarakpur, New Delhi. Pan: Adspb2480J (Appellant) (Respondent) Assessee By : Shri R.S. Singhvi, Ca Revenue By : Shri Shashi Bhushan Sukla, Cit, Dr Date Of Hearing : 15.02.2022 Date Of Pronouncement : 31.03.2022 Order Per R.K. Panda, Am: This Appeal Filed By The Assessee Is Directed Against The Order Dated 22Nd March, 2021 Of The Pcit, Delhi-12, Passed U/S 263 Of The It Act For The Assessment Year 2016-17. 2. Facts Of The Case, In Brief, Are That The Assessee Is An Individual & Filed His Return Of Income On 6Th October, 2016 Declaring The Total Income At Rs.44,86,160/-. The Return Was Processed U/S 143(1) Of The It Act. Subsequently, The Case Of The Assessee Was Selected For ‘Limited Scrutiny’ Based On The Following Reasons:-

Section 50C of the Act. The Assessing Officer has not made any disallowance u/s 50C of the Act. She further noted that the assessee got possession of land on 26.11.2015, the lease deed was registered on 21.01.2016 and sold the same on 16.02.2016. The period of holding was less than 36 months and, therefore, 2

INDER JEET MALIK ,DELHI vs. ADIT CENTRAL CIRCLE-71(1), DELHI

In the result, the appeal is allowed, as indicated above

Bench: Shri Saktijit Deyassessment Year: 2019-20

disallowance of deduction claimed under 69[section 10AA or under any of the provisions of Chapter VI-A under the heading "C.— Deductions in respect of certain incomes", if] the return is furnished beyond the due date specified under sub-section (1) of section 139; or 4 ITA No. 1024/Del./2022 AY: 2019-20 (vi) addition of income appearing

SATYA DHARMA HOTELS PVT LTD,NEW DELHI vs. ITO WARD - 22(4), NEW DELHI

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

Bench: Shri Chandra Mohan Garg & Shri M. Balaganeshassessment Year: 2015-16 M/S. Satya Dharma Hotels Pvt. Ltd., Ito, Ward-22(4), New Delhi 110002 177, 1St Floor, Vigyan Vihar, New Delhi 110092 Vs. Pan Aahcs 0289 H (Appellant) (Respondent) For Assessee : Shri P.C Yadav, Adv. Shri Shivam Garg, Ca Shri Raghav Sharma, Ca Revenue For : Shri Vipul Kashyap, Sr.Dr Date Of Hearing : 18.04.2023 Date Of Pronouncement : 09.06.2023 Order Per Chandra Mohan Garg, J.M. This Appeal Has Been Filed Against The Order Of Cit(A)-8, New Delhi Dated 01.03.2019 For Ay 2015-16. 2. The Grounds Of Assessee Are As Follows:- 1. That On The Facts & Circumstances Of The Case & In Law, The Order Passed By Cit (A)-08, New Delhi Is Contrary To The Facts & Bad In Law. 2. I) I Am Not Agreeing With The Computation Of Capital Gain Made By Assessing Officer. Ii) During The Assessment, Sec 55A Of Income Tax Act Has Not Been Considered By Assessing Officer For Valuation Of The Land As Requested By Us. Taking Rate Of Registering Authority & Not Consider The Fair Market Value Which Is Very Low. Iii)The Ld. Ao Has Not Considered The Addition Made During The Year & Added Back In The Income Of The Assessee Company. 4. Demand Calculated By A.O. Is Prejudicial To The Company And, If Appeal Is Not Allowed To Be Proceeded It Amounting To Against The Law.

disallowance of addition in land of Rs. 2935000 is not tenable and not justified. 7. I am genuine in the eye of law and followed valid procedure for computation of capital gain. 3. The ld. counsel of assessee submitted that the assessee company is engaged in the business of running a hotel on rent. During the course of assessment proceedings

SHANKAR DAYAL HUF,NEW DELHI vs. ITO,WARD-30(7), DELHI

In the result, the appeal of the assessee is allowed

Bench: Dr. B. R. R. Kumarsh. Yogesh Kumar Us

disallowance of deduction claimed under 98[section 10AA or under any of the provisions of Chapter VI-A under the heading "C.—Deductions in respect of certain incomes", if] the return is furnished beyond the due date specified under sub-section (1) of section 139; or (vi) addition of income appearing in Form 26AS or Form 16A or Form

SANDEEP HOODA,NEW DELHI vs. PR.CIT - 7, NEW DELHI

The appeal is allowed and the impugned order dated 30

Bench: Shri Anil Chaturvedi & Shri Anubhav Sharmasandeep Hooda, Vs. Pr. Cit-7, C/O. Rra Taxindia, D-28, South New Delhi Extension, Part-I, New Delhi (Appellant) (Respondent) Pan: Aacph5453J

disallowance of deduction claimed u/s 54 of the Act against which appeal to ITAT is filed . Since, the issue of circle rate as fair market value as per Section 500(1) of the Act was not even discussed by AO in his assessment order nor adjudicated by CIT(A), the assessment order dated 27.12.2017 is proposed to be revised

FASHION GROUP INTERNATIONAL,PANIPAT vs. ACIT, CIRCLE, PANIPAT

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

2. On the facts and circumstances of the case, the Learned CIT(A) has erred both on facts and in law in confirming the addition of Rs. 1,58,56,968/- invoking the provisions of section 50C of the Act. 3. On the facts and circumstances of the case, the Learned CIT(A) has erred both on facts

DCIT, CIRCLE - 19(1), NEW DELHI vs. RAPID ENGINEERING COMPANY PVT. LTD., NEW DELHI

In the result, the appeal of the assessee is allowed

Bench: Ms. Madhumita Roy & Shri Naveen Chandrathe Dy. C.I.T Vs. Rapid Engineering Co. Pvt Ltd Circle – 19(1) 111-112, Dsidc Sheds Delhi Okhla Phase – 1, New Delhi

disallowance of Rs. 2,52,80,000/-“ 3. Briefly, the facts of the case are that the assessee filed its return of income on 31.12.2020 declaring total income of Rs. 26,99,24,830/-. The case was selected for Complete Scrutiny assessment under the Faceless Assessment Scheme, 2019. The assessee, during the year under consideration, had purchased industrial unit

SUDESH SACHDEV ,DELHI vs. DCIT CENTRAL CIRCLE 15, DELHI

In the result appeal is allowed as indicated above

Bench: Shri Saktijit Deyasstt. Year : 2019-20 Sudesh Sachdev, Vs. Dcit, 147, Ground Floor, Central Circle- 15 Lodhi Road Jorbagh, Delhi. New Delhi 100 003 Pan Ablps5027M (Appellant) (Respondent)

2 of assessee’s appeal I have deleted the addition made under section 50C(1) of the Act. Therefore, the reasoning of learned Commissioner (Appeals) in disallowing

ASSISSTANT COMMISSIONER OF INCOME TAX, JHANDEWALAN EXTN. vs. OM PRAKASH ARORA, CONNAUGHT PLACE

In the result, appeal of the Revenue vide ITA No

Bench: Shri Anubhav Sharma & Shri Amitabh Shukla, Accountnat Member [Assessment Year: 2015-16] Assistant Commissioner Of Om Prakash Arora, Income Tax, Central Circle-01, M-3, Flat No.103, Avg Bhawan E-2, Jhandewalan Extn. Vs The Variety Books Depot. New Delhi-110055 Connaught Place, New Delhi-110001 Pan-Accpa9774F Assessee Revenue Cross Objection No.42/Del/2025 (Arising Out Of Ita No.5031/Del/2024) [Assessment Year: 2015-16] Om Prakash Arora, Assistant Commissioner Of Income M-3, Flat No.103, Avg Tax, Central Circle-01, Bhawan The Variety Books Vs E-2, Jhandewalan Extn. Depot. Connaught Place, New Delhi-110055 New Delhi-110001 Pan-Accpa9774F Assessee Revenue [Assessment Year: 2016-17] Assistant Commissioner Of Om Prakash Arora, Income Tax, Central Circle-01, M-3, Flat No.103, Avg Bhawan E-2, Jhandewalan Extn. Vs The Variety Books Depot. New Delhi-110055 Connaught Place, New Delhi-110001 Pan-Accpa9774F Assessee Revenue

disallowance under section 14A of the Act. The presumption drawn by the ld. AO was therefore materially defective. We therefore sustain the order of the ld. CIT(A) on the issue of deletion of the addition of Rs.20,43,125/- made under section 14A of the Act by the ld. AO and dismiss the ground of appeal no.3 raised

ASSISSTANT COMMISSIONER OF INCOME TAX, JHANDEWALAN EXTN. vs. OM PRAKASH ARORA, CONNAUGHT PLACE

In the result, appeal of the Revenue vide ITA No

Bench: Shri Anubhav Sharma & Shri Amitabh Shukla, Accountnat Member [Assessment Year: 2015-16] Assistant Commissioner Of Om Prakash Arora, Income Tax, Central Circle-01, M-3, Flat No.103, Avg Bhawan E-2, Jhandewalan Extn. Vs The Variety Books Depot. New Delhi-110055 Connaught Place, New Delhi-110001 Pan-Accpa9774F Assessee Revenue Cross Objection No.42/Del/2025 (Arising Out Of Ita No.5031/Del/2024) [Assessment Year: 2015-16] Om Prakash Arora, Assistant Commissioner Of Income M-3, Flat No.103, Avg Tax, Central Circle-01, Bhawan The Variety Books Vs E-2, Jhandewalan Extn. Depot. Connaught Place, New Delhi-110055 New Delhi-110001 Pan-Accpa9774F Assessee Revenue [Assessment Year: 2016-17] Assistant Commissioner Of Om Prakash Arora, Income Tax, Central Circle-01, M-3, Flat No.103, Avg Bhawan E-2, Jhandewalan Extn. Vs The Variety Books Depot. New Delhi-110055 Connaught Place, New Delhi-110001 Pan-Accpa9774F Assessee Revenue

disallowance under section 14A of the Act. The presumption drawn by the ld. AO was therefore materially defective. We therefore sustain the order of the ld. CIT(A) on the issue of deletion of the addition of Rs.20,43,125/- made under section 14A of the Act by the ld. AO and dismiss the ground of appeal no.3 raised

PERFECT PRESS PRIVATE LIMITED,DELHI vs. ITO WARD 19(4), NEW DELHI

In the result the appeal of the assessee is treated as allowed for statistical purposes

Bench: Shri Shamim Yahya & Ms. Astha Chandraasstt. Year: 2015-16

section 50C(2) of act.” 3. The facts are that the assessee company is stated to have been incorporated on 17.10.1990. During the year the assessee did not carry out any business activity but filed e-return on 31.03.2017 declaring income of Rs. 23,16,730/- for AY 2015-16. The case was selected for limited scrutiny through CASS

DCM SRIRAM LTD,NEW DELHI vs. DCIT, CIRCLE-7(1), NEW DELHI

In the result, this appeal of the assessee is partly allowed for

Bench: Shri Shamim Yahya & Ms. Astha Chandra[Assessment Year: 2013-14]

2) of section 50C of the Act, according to which the Assessing Officer was mandatorily required to refer the matter to the valuation officer in case he was not accepting the explanation and submissions of the company and could not adopt the value adopted by the Stamp Authorities. 6. That the order passed by the CIT(A) is without considering