ACIT, CENTRAL CIRCLE- 27, NEW DELHI vs. UFLEX LTD., NEW DELHI

In the result, appeals of the assessee for AY 2011-12 and subsequent

Bench: N.K. Billaiya & Ms. Astha Chandra

section 115JB of the Act.” AY 2011-12 - Revenue “1. On the facts and in the circumstances of the case, the Ld. CIT(A) has erred in law and on facts in holding that no interest bearing funds were used by the assessee in making investment giving rise to tax exempt income and thus restricting the disallowance

UFLEX LTD.,NEW DELHI vs. ACIT, CENTRAL CIRCLE- 27, NEW DELHI

In the result, appeals of the assessee for AY 2011-12 and subsequent

Bench: N.K. Billaiya & Ms. Astha Chandra

section 115JB of the Act.” AY 2011-12 - Revenue “1. On the facts and in the circumstances of the case, the Ld. CIT(A) has erred in law and on facts in holding that no interest bearing funds were used by the assessee in making investment giving rise to tax exempt income and thus restricting the disallowance

UFLEX LTD.,NEW DELHI vs. ACIT, CENTRAL CIRCLE- 27, NEW DELHI

In the result, appeals of the assessee for AY 2011-12 and subsequent

Bench: N.K. Billaiya & Ms. Astha Chandra

section 115JB of the Act.” AY 2011-12 - Revenue “1. On the facts and in the circumstances of the case, the Ld. CIT(A) has erred in law and on facts in holding that no interest bearing funds were used by the assessee in making investment giving rise to tax exempt income and thus restricting the disallowance

ACIT, CENTRAL CIRCLE- 27, NEW DELHI vs. UFLEX LTD., NEW DELHI

In the result, appeals of the assessee for AY 2011-12 and subsequent

Bench: N.K. Billaiya & Ms. Astha Chandra

section 115JB of the Act.” AY 2011-12 - Revenue “1. On the facts and in the circumstances of the case, the Ld. CIT(A) has erred in law and on facts in holding that no interest bearing funds were used by the assessee in making investment giving rise to tax exempt income and thus restricting the disallowance

UFLEX LTD.,NEW DELHI vs. ACIT, CENTRAL CIRCLE- 27, NEW DELHI

In the result, appeals of the assessee for AY 2011-12 and subsequent

Bench: N.K. Billaiya & Ms. Astha Chandra

section 115JB of the Act.” AY 2011-12 - Revenue “1. On the facts and in the circumstances of the case, the Ld. CIT(A) has erred in law and on facts in holding that no interest bearing funds were used by the assessee in making investment giving rise to tax exempt income and thus restricting the disallowance

ACIT, CENTRAL CIRCLE- 27, NEW DELHI vs. UFLEX LTD., NEW DELHI

In the result, appeals of the assessee for AY 2011-12 and subsequent

Bench: N.K. Billaiya & Ms. Astha Chandra

section 115JB of the Act.” AY 2011-12 - Revenue “1. On the facts and in the circumstances of the case, the Ld. CIT(A) has erred in law and on facts in holding that no interest bearing funds were used by the assessee in making investment giving rise to tax exempt income and thus restricting the disallowance

M/S. SHEELA FOADM (P) LTD.,,DELHI vs. DCIT, NEW DELHI

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

Bench: Sh. I.C. Sudhir & Sh. O.P. Kantassessment Year: 2004-05 M/S. Sheela Foam (P.) Ltd., C-55, Vs. Deputy Commissioner Of Income Preet Vihar, Vikas Marg, Delhi Tax, Circle-8(1), New Delhi Gir/Pan : Aaacs0189B (Appellant) (Respondent) Appellant By S/Sh. Ajay Vohra & Gaurav Jain, Advocates; Ms. Bhavita Kumar, Adv. Respondent By Smt. Anima Barnwal, Sr. Dr Date Of Hearing 13.04.2016 Date Of Pronouncement 02.06.2016 Order Per O.P. Kant, A.M.: This Appeal Of The Assessee Is Directed Against Order Dated 17/08/1012 Of The Learned Commissioner Of Income-Tax (Appeals)-Xi, New Delhi, For Assessment Year 2004-05 In Respect Of Penalty Levied Under Section 271(1)(C) Of The Income-Tax Act, 1961 (For Short “The Act”) By The Assessing Officer. The Grounds Of Appeal Raised By The Assessee Are As Under: 1. That The Commissioner Of Income Tax (Appeals) Erred On Facts & In Law In Not Holding That The Order Dated 27.03.2009 Passed By The Assessing Officer Levying Penalty Under Section 271(1 )(C) Of The Income-Tax Act, 1961 (“The Act”) Was Beyond Jurisdiction, Bad In Law & Void Ab Initio. 1.1 That The Commissioner Of Income Tax (Appeals) Erred On Facts & In Law In Not Holding That The Penalty Order Under Section 271(1 )(C) Was Beyond Jurisdiction, Bad In Law & Void Ab-Initio, In As Much As The Same Was Initiated On Issues For Which No Prima Facie Satisfaction, Qua Concealment/Furnishing Of Inaccurate Particulars Of Income, Was Discernible From The Assessment Order Passed Under Section 143(3) Of The Act. Without Prejudice 2. That The Commissioner Of Income Tax (Appeals) Erred On Facts & In Law

section 801B was not suo-moto offered for disallowance by the appellant during the course of assessment proceedings. 2.3 That

BALDEV SINGH & SONS,NEW DELHI vs. DCIT CIRCLE 43(1), NEW DELHI

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

Bench: Shri Vikas Awasthy & Shri Avdhesh Kumar Mishraita No.3103/Del/2023, A.Y. 2021-22 Baldev Singh & Sons Vs. Deputy Commissioner Of 14-A, Najafgarh Road, Income Tax, Circle-43(1), New Delhi Civic Centre, J.L. Nehru Road Pan: Aaahb4937M New Delhi (Appellant) (Respondent) Appellant By Sh. G. S. Kohli, Ca Respondent By Sh. Ashish Tripathi, Sr. Dr Date Of Hearing 06/03/2025 Date Of Pronouncement 30/05/2025 Order Per Avdhesh Kumar Mishra, Am This Appeal Of The Assessee For The Assessment Year (Ay) 2021-22 Is Directed Against The Order Dated 03.10.2023 Of The Additional/Joint Commissioner Of Income Tax (Appeals)-12, Mumbai [Addl. Cit(A)]. 2. Following Grounds Have Been Raised In This Appeal: “1. That The Learned Cit(Appeal) Had Failed To Appreciate The Written Submission & The Documents Filed Before Him & Thus The Justice Had Not Been Given To The Humble Appellant.

disallowed the claim of deduction of Rs. 6,808/- of PF under section 36(1)(va) of the Act. Aggrieved, the assessee filed rectification application under section 154 of the Act which was not acceded to on the reasoning that there was no prima-facie mistake in the order sought for rectification as Form No. 2 Baldev Singh & Sons 10CCB

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

disallowing the deduction claimed under section 10B, reliance placed by the Ld. AO on the decision of the Hon’ble Supreme Court in the case of Liberty India vs. CIT (2009) 317 ITR 218 and CIT vs. Sterling Foods (1999) 237 ITR 579 to the facts of the assessee’s case and his findings on interpretation of the term “derived

ERADICATUS INFECTUS PRIVATE LIMITED,NEW DELHI vs. DEPUTY COMMISSIONER OF INCOME TAX, NEW DELHI

In the result, appeal filed by the assessee is allowed for statistical purposes

Bench: Shri S. Rifaur Rahman & Shri Vimal Kumar

801B and 80IC, as is evident from below summary under:- 5 i) It was submitted before Ld. CIT(A) that at S. No. 30 of Form 10CCB, the requirement is to fill details of "Deduction under section 80-1/80- 1A/80-IB/80-IC (Strick out whichever is not applicable)". There is no field for certifying deduction u/s 80-IAC. h) Moreover

DCM SHRIRAM LIMITED,DELHI vs. ASSESSMENT UNIT, DELHI

section 80 IA of the Act, the\nassessee has also made application for submission of following additional\nevidences under Rule 29 of ITAT:\na) Detailed working of enhanced deduction u/s 80-IA of the Act.\nb) Chartered engineer's certificate computing the equivalent value of\nsteam.\nc) Supplementary Form 10CCBs along with power accounts of all the\neligible plants

DCM SHRIRAM LTD,NEW DELHI vs. ACIT, CIRCLE-7(1), NEW DELHI

section 80 IA of the Act, the\nassessee has also made application for submission of following additional\nevidence under Rule 29 of ITAT:\na) Detailed working of enhanced deduction u/s 80-IA of the Act.\nb) Chartered engineer's certificate computing the equivalent value of\nsteam.\nc) Supplementary Form 10CCBs along with power accounts of all the\neligible plants

DCIT, NEW DELHI vs. DCM SHRIRAM LTD, NEW DELHI

section 80 IA of the Act, the\nassessee has also made application for submission of following additional\nevidences under Rule 29 of ITAT:\n\na) Detailed working of enhanced deduction u/s 80-IA of the Act.\nb) Chartered engineer's certificate computing the equivalent value of\nsteam.\nc) Supplementary Form 10CCBs along with power accounts of all the\neligible plants

DCM SHRIIRAM LIMITED,NEW DELHI vs. NEAC, NEW DELHI

section 80 IA of the Act, the\nassessee has also made application for submission of following additional\nevidences under Rule 29 of ITAT:\n\na) Detailed working of enhanced deduction u/s 80-IA of the Act.\nb) Chartered engineer's certificate computing the equivalent value of\nsteam.\nc) Supplementary Form 10CCBs along with power accounts of all the\neligible plants

M/S. OAKLAND BOTTLERS (P) LTD.,NEW DELHI vs. ACIT, NEW DELHI

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

Bench: Shri B.P. Jainassessment Year 2009-10 Oakland Bottlers (P) Ltd. Vs. Acit, Circle-13(1), 10/46A, West Punjabi Bagh, New Delhi. New Delhi. Pan: Aaaco 4250B (Appellant) (Respondent)

disallowed as the assessee company is falling under the purview of Schedule XIII Part C and proviso to sub-section 4 of section 801B

DCIT CENTRAL CIRCLE-17, NEW DELHI vs. AL AMMAR FROZEN FOODS EXPORTS PVT. LTD, NEW DELHI

In the result, appeal of the Revenue is dismissed and cross\nobjection filed by the assessee is dismissed as infructuous

801B of the Act in view\nof the provisions of sub section (13) of section 80IB of the\nAct, that the audit report should be furnished along with\nthe return of income is a directory requirement and would\nstand satisfied if the audit report is furnished during the\ncourse of the assessment proceedings. The aforesaid\nposition of law has also

DCIT, NEW DELHI vs. SMT. DEEPTI AGARWAL, NEW DELHI

In the result appeal of the revenue is dismissed and Cross objection of the assessee is partly allowed

Bench: Shri H.S.Sidhu & Shri Prashant Maharishidcit, Vs. Deepti Agarwal, Circle-31(1), Room No. 1405, Prop M/S. Superior Fabrics, 14Th Floor, E-2, Block, Maharaja Lane, Civil Lines, Prataykshkar Bhawan, Dr. New Delhi Shyama Prasad, Mukherjee Civc Pan: Aampa0573C Centre, Jn Nehru Marg, New Delhi (Appellant) (Respondent)

801B or under section IOC, as the case may be, exceeds ten assessments. (7) The provisions contained in sub-section (5) and sub- sections (7) to (12) of section 80-1 A shall; so far as may be, apply to eligible undertaking or enterprise under this section. (8) For the purposes of this section- (i) Industrial Area" means such areas

ACIT CIRCLE-15(1), NEW DELHI vs. LTC COMMERCIAL COMPANY PVT LTD, NEW DELHI

In the result appeal of the Revenue is dismissed

Bench: Shri N.K. Billaiya & Shri Amit Shuklaasstt. Year: 2014-15

disallowance under section 801B(11A) works out to Rs. 6,40,43,928/- (Business income as per computation of income