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

80G of\nthe Act. The company has declared book profit u/s 115JB at INR\n2,46,12,21,172/- and paid MAT on book profits. The return of\nincome was revised on 13.07.2016 at an income of INR\n22,56,33,190/-. The case of the assessee was taken up for scrutiny\nand a reference under section 92CA

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

80G of\nthe Act. The company has declared book profit u/s 115JB at INR\n2,46,12,21,172/- and paid MAT on book profits. The return of\nincome was revised on 13.07.2016 at an income of INR\n22,56,33,190/-. The case of the assessee was taken up for scrutiny\nand a reference under section 92CA

SRF LTD.,NEW DELHI vs. ACIT, NEW DELHI

In the result, the appeal being ITA No

Bench: Shris.Rifaur Rahman & Shri Sudhir Pareek

ix. Subhash Kabini Power Corporation Ltd. {[2016] 69 taxmann.com 394 (Karnataka)} x. Dodson Lind blom Hydro Power Pvt. Ltd. [2019- TIOL-531-HC-MUM-IT] xi. My Home Power Ltd. {[2014] 46 taxmann.com 314 (Andhra Pradesh)} 5.6 Further, we are not aware of any contrary judgment of any High Court on the issue nor the Ld. DR could point

SRF LIMITED,NEW DELHI vs. DCIT, CIRCLE- 1, LTU, NEW DELHI

In the result, the appeal being ITA No

Bench: Shris.Rifaur Rahman & Shri Sudhir Pareek

ix. Subhash Kabini Power Corporation Ltd. {[2016] 69 taxmann.com 394 (Karnataka)} x. Dodson Lind blom Hydro Power Pvt. Ltd. [2019- TIOL-531-HC-MUM-IT] xi. My Home Power Ltd. {[2014] 46 taxmann.com 314 (Andhra Pradesh)} 5.6 Further, we are not aware of any contrary judgment of any High Court on the issue nor the Ld. DR could point

JAGATPAL GUPTA,DELHI vs. ACIT, NEW DELHI

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

Bench: Shri S. Rifaur Rahman & Shri Yogesh Kumar U.S.

disallowance of Rs. 522036/- made by the Assessing Officer in terms of section 14A of Income Tax Act, 1961 read with Rule 8D of Income Tax Rules, 1962. 4. That the Learned CIT (Appeals) has further erred by treating the declared short term capital gain as business income but did not re- compute the profit by adopting value of shares

JAGAT PAL GUPTA,DELHI vs. ACIT, NEW DELHI

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

Bench: Shri S. Rifaur Rahman & Shri Yogesh Kumar U.S.

disallowance of Rs. 522036/- made by the Assessing Officer in terms of section 14A of Income Tax Act, 1961 read with Rule 8D of Income Tax Rules, 1962. 4. That the Learned CIT (Appeals) has further erred by treating the declared short term capital gain as business income but did not re- compute the profit by adopting value of shares

KAUR KOOKIES (P) LTD.,NEW DELHI vs. PR,CIT, DELHI-4, NEW DELHI

Appeal are allowed

Bench: Shri Kul Bharat & Shri Pradip Kumar Kediaassessment Year: 2017-18

80G Deduction 4,500 iv. Business Loss 2,40,84,120 Thus it is apparent from the above computation of income that the assessee on its own had reduced the taxable business loss from the Book loss as per audited financials. The items of additions being contemplated in the notice u/s 263 have already been disallowed in the computation

NATIONAL SOLAR ENERGY FEDERATION OF INDIA,DELHI vs. INCOME TAX OFFICER, WARD EXEMP 2(4), DELHI

In the result, assessee’s appeal is allowed

5 about awareness of solar energy power and the same was communicated in Form 10. Therefore exemption u/s 11(2) should not be disallowed.” 3.3 The Learned Assessing Officer was of the view that Form 10 filed by the assessee on 30.10.2017 showing accumulation an amount of Rs.33,11,589/- under Section 11(2) of the Act is not eligible

DABUR INDIA LTD.,NEW DELHI vs. PCIT - 1, NEW DELHI

In the result, appeal filed by the assessee is allowed

Bench: SHRIS.RIFAUR RAHMAN (Accountant Member), SHRI VIMAL KUMAR (Judicial Member)

80G donation receipts. It also submitted various circulars and explanation notes to the provision of Finance Act, 2009. It also filed Form 10DA and audited report as per Rule 18BBB for deduction u/s 80IA was filed. For deduction claimed u/s 35(1) only Form 3CL was filed before the AO. No computation of income or audited financial statement was filed

SHRI RAM AGRAWAL,MATHURA vs. ITO WARD 72(1), DELHI

In the result, appeal is dismissed

Bench: Shri Satbeer Singh Godaraassessment Year: 2023-24 Sh. Ram Agrawal, Vs. Income Tax Officer, Lig 25, Phase-1, Ward-72(1), Mahavidhya Colony, Delhi Mathura Pan: Aerpa9566Q (Appellant) (Respondent) Assessee By Sh. V. Raj Kumar, Adv. Department By Sh. Manoj Kumar, Sr.

disallowance of the deduction under Section 80GGC is arbitrary ana fallacious and without merit. The AU failed to follow the basic principles of natural justice and has disregarded material evidence Accordingly, it is submitted that the deduction claimed under Section 80GGC must be directed to be allowed. A search and seizure action u/s 132 of the Act was conducted

SONY INDIA PVT. LTD.,NEW DELHI vs. NATIOANAL E- ASSESMENT CENTRE, NEW DELHI

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

Bench: Shri Chandra Mohan Garg & Shri N.K. Billaiya

80G of the Act; (ix) Non-allowance of amount paid as education cess, though this ground has not been pressed. Therefore, the same is dismissed as not pressed. 3. The above concise grounds shall take care of grounds of appeal from Sl. No. 40 till 63 of the appeal memo. Grounds raised vide Ground Nos. 1 to 39 are related

GUJRAT GUARDIAN LTD.,NEW DELHI vs. DCIT, NEW DELHI

5% of the total fixed capiul investment.\n-technical know-how lees or drawing fees paid in bomp sum to foreign collaborators or foreign\nsuppliers as approved by Government of India or paid to laboratories recognised by the State\nGovernment or Central Government.\n(1) Working capital (whether raised through Banks or otherwise and including working capital\nitargin), goodwill fees

GUJARAT GUARDIAN LTD.,NEW DELHI vs. DCIT, NEW DELHI

ix) Modernisation, renovation, rehabituation or rationalisation of indestrial unite will not be eligible\nfor pinoneer benfit under the schense. Siniarty, replacement of plant and machinery or other assis of\nchange of product mix will not be eligible\nRevival of a sick or closed unit whether under a scheme of liquidation or any other isw or agrement,\nsettlement, merger, take overorany

M/S GUJARAT GUARDIAN LTD.,,NEW DELHI vs. DCIT,, NEW DELHI

ix) Modernisation, renovation, rehabituation or rationalisation of indestrial unite will not be eligible for pinoneer benfit under the schense. Siniarty, replacement of plant and machinery or other assis of change of product mix will not be eligible\nRevival of a sick or closed unit whether under a scheme of liquidation or any other isw or agrement, settlement, merger, take overorany

GUJARAT GUARDIAN LTD.,,NEW DELHI vs. DCIT, NEW DELHI

5% of the total fixed capiul investment.\n-technical know-how lees or drawing fees paid in bomp sum to foreign collaborators or foreign\nsuppliers as approved by Government of India or paid to laboratories recognised by the State\nGovernment or Central Government.\n(1) Working capital (whether raised through Banks or otherwise and including working capital\nitargin), goodwill fees

ACIT, NEW DELHI vs. M/S GUJARAT GUARDIAN LTD., NEW DELHI

ix) Modernisation, renovation, rehabituation or rationalisation of indestrial unite will not be eligible\nfor pinoneer benfit under the schense. Siniarty, replacement of plant and machinery or other assis of\nchange of product mix will not be eligible\nRevival of a sick or closed unit whether under a scheme of liquidation or any other isw or agrement,\nsettlement, merger, take overorany

GUJARAT GUARDIAN LTD.,,NEW DELHI vs. DCIT, NEW DELHI

5% of the total fixed capiul investment.\n-technical know-how lees or drawing fees paid in bomp sum to foreign collaborators or foreign\nsuppliers as approved by Government of India or paid to laboratories recognised by the State\nGovernment or Central Government.\n(1) Working capital (whether raised through Banks or otherwise and including working capital\nitargin), goodwill fees

DCIT, NEW DELHI vs. M/S. GUJRAT GUARDIAN LTD., NEW DELHI

5% of the total fixed capiul investment.\n-technical know-how lees or drawing fees paid in bomp sum to foreign collaborators or foreign\nsuppliers as approved by Government of India or paid to laboratories recognised by the State\nGovernment or Central Government.\n(1) Working capital (whether raised through Banks or otherwise and including working capital\nitargin), goodwill fees