GAIL (INDIA) LTD.,NEW DELHI vs. DCIT-LTU DELHI, NEW DELHI

Appeal is dismissed

Bench: Sh. R. K. Panda & Ms Suchitra Kamble

Sections 80HH, 80I and 80IA of the Income Tax Act, 1961 and other expenses which were disallowed by the Assessing

DCIT (LTU), NEW DELHI vs. M/S. GAIL (INDIA) LTD., NEW DELHI

Appeal is dismissed

Bench: Sh. R. K. Panda & Ms Suchitra Kamble

Sections 80HH, 80I and 80IA of the Income Tax Act, 1961 and other expenses which were disallowed by the Assessing

DCIT, NEW DELHI vs. M/S. PETRONET LNG LTD., NEW DELHI

Appeal of the assessee is allowed

Bench: Sh. Sudhanshu Srivastavadr. B. R. R. Kumar(Through Video Conferencing) Ita No. 5230/Del/2015 : Asstt. Year : 2009-10 Ita No. 5231/Del/2015 : Asstt. Year : 2010-11 Ita No. 5232/Del/2015 : Asstt. Year : 2011-12 Petronet Lng Ltd., Vs Deputy Commissioner Of First Floor, World Trade Centre, Income Tax, Circle-19(2), Babar Road, Barakhamba Lane, New Delhi New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Ita No. 4902/Del/2015 : Asstt. Year : 2009-10 Ita No. 4903/Del/2015 : Asstt. Year : 2010-11 Ita No. 4904/Del/2015 : Asstt. Year : 2011-12 Deputy Commissioner Of Vs Petronet Lng Ltd., Income Tax, Circle-19(2), First Floor, World Trade Centre, New Delhi Babar Road, Barakhamba Lane, New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Assessee By : Sh. Vishal Kalra, Adv. Revenue By : Sh. H. K. Choudhary, Cit Dr Date Of Hearing: 27.01.2021 Date Of Pronouncement: 18.03.2021

80I of the Act. 26. With regard to the deduction, we are guided by the provisions of Section 80IA (1) and (4) which is reproduced as under: (1) Where the gross total income of an assessee includes any profits and gains derived by an undertaking or an enterprise from any business referred to in sub-section (4) (such business being

DCIT, NEW DELHI vs. M/S. PETRONET LNG LTD., NEW DELHI

Appeal of the assessee is allowed

Bench: Sh. Sudhanshu Srivastavadr. B. R. R. Kumar(Through Video Conferencing) Ita No. 5230/Del/2015 : Asstt. Year : 2009-10 Ita No. 5231/Del/2015 : Asstt. Year : 2010-11 Ita No. 5232/Del/2015 : Asstt. Year : 2011-12 Petronet Lng Ltd., Vs Deputy Commissioner Of First Floor, World Trade Centre, Income Tax, Circle-19(2), Babar Road, Barakhamba Lane, New Delhi New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Ita No. 4902/Del/2015 : Asstt. Year : 2009-10 Ita No. 4903/Del/2015 : Asstt. Year : 2010-11 Ita No. 4904/Del/2015 : Asstt. Year : 2011-12 Deputy Commissioner Of Vs Petronet Lng Ltd., Income Tax, Circle-19(2), First Floor, World Trade Centre, New Delhi Babar Road, Barakhamba Lane, New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Assessee By : Sh. Vishal Kalra, Adv. Revenue By : Sh. H. K. Choudhary, Cit Dr Date Of Hearing: 27.01.2021 Date Of Pronouncement: 18.03.2021

80I of the Act. 26. With regard to the deduction, we are guided by the provisions of Section 80IA (1) and (4) which is reproduced as under: (1) Where the gross total income of an assessee includes any profits and gains derived by an undertaking or an enterprise from any business referred to in sub-section (4) (such business being

PETRONET LNG LTD.,NEW DELHI vs. ADDL. CIT, NEW DELHI

Appeal of the assessee is allowed

Bench: Sh. Sudhanshu Srivastavadr. B. R. R. Kumar(Through Video Conferencing) Ita No. 5230/Del/2015 : Asstt. Year : 2009-10 Ita No. 5231/Del/2015 : Asstt. Year : 2010-11 Ita No. 5232/Del/2015 : Asstt. Year : 2011-12 Petronet Lng Ltd., Vs Deputy Commissioner Of First Floor, World Trade Centre, Income Tax, Circle-19(2), Babar Road, Barakhamba Lane, New Delhi New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Ita No. 4902/Del/2015 : Asstt. Year : 2009-10 Ita No. 4903/Del/2015 : Asstt. Year : 2010-11 Ita No. 4904/Del/2015 : Asstt. Year : 2011-12 Deputy Commissioner Of Vs Petronet Lng Ltd., Income Tax, Circle-19(2), First Floor, World Trade Centre, New Delhi Babar Road, Barakhamba Lane, New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Assessee By : Sh. Vishal Kalra, Adv. Revenue By : Sh. H. K. Choudhary, Cit Dr Date Of Hearing: 27.01.2021 Date Of Pronouncement: 18.03.2021

80I of the Act. 26. With regard to the deduction, we are guided by the provisions of Section 80IA (1) and (4) which is reproduced as under: (1) Where the gross total income of an assessee includes any profits and gains derived by an undertaking or an enterprise from any business referred to in sub-section (4) (such business being

PETRONET LNG LTD.,NEW DELHI vs. ADDL. CIT, NEW DELHI

Appeal of the assessee is allowed

Bench: Sh. Sudhanshu Srivastavadr. B. R. R. Kumar(Through Video Conferencing) Ita No. 5230/Del/2015 : Asstt. Year : 2009-10 Ita No. 5231/Del/2015 : Asstt. Year : 2010-11 Ita No. 5232/Del/2015 : Asstt. Year : 2011-12 Petronet Lng Ltd., Vs Deputy Commissioner Of First Floor, World Trade Centre, Income Tax, Circle-19(2), Babar Road, Barakhamba Lane, New Delhi New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Ita No. 4902/Del/2015 : Asstt. Year : 2009-10 Ita No. 4903/Del/2015 : Asstt. Year : 2010-11 Ita No. 4904/Del/2015 : Asstt. Year : 2011-12 Deputy Commissioner Of Vs Petronet Lng Ltd., Income Tax, Circle-19(2), First Floor, World Trade Centre, New Delhi Babar Road, Barakhamba Lane, New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Assessee By : Sh. Vishal Kalra, Adv. Revenue By : Sh. H. K. Choudhary, Cit Dr Date Of Hearing: 27.01.2021 Date Of Pronouncement: 18.03.2021

80I of the Act. 26. With regard to the deduction, we are guided by the provisions of Section 80IA (1) and (4) which is reproduced as under: (1) Where the gross total income of an assessee includes any profits and gains derived by an undertaking or an enterprise from any business referred to in sub-section (4) (such business being

PETRONET LNG LTD.,NEW DELHI vs. ADDL. CIT, NEW DELHI

Appeal of the assessee is allowed

Bench: Sh. Sudhanshu Srivastavadr. B. R. R. Kumar(Through Video Conferencing) Ita No. 5230/Del/2015 : Asstt. Year : 2009-10 Ita No. 5231/Del/2015 : Asstt. Year : 2010-11 Ita No. 5232/Del/2015 : Asstt. Year : 2011-12 Petronet Lng Ltd., Vs Deputy Commissioner Of First Floor, World Trade Centre, Income Tax, Circle-19(2), Babar Road, Barakhamba Lane, New Delhi New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Ita No. 4902/Del/2015 : Asstt. Year : 2009-10 Ita No. 4903/Del/2015 : Asstt. Year : 2010-11 Ita No. 4904/Del/2015 : Asstt. Year : 2011-12 Deputy Commissioner Of Vs Petronet Lng Ltd., Income Tax, Circle-19(2), First Floor, World Trade Centre, New Delhi Babar Road, Barakhamba Lane, New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Assessee By : Sh. Vishal Kalra, Adv. Revenue By : Sh. H. K. Choudhary, Cit Dr Date Of Hearing: 27.01.2021 Date Of Pronouncement: 18.03.2021

80I of the Act. 26. With regard to the deduction, we are guided by the provisions of Section 80IA (1) and (4) which is reproduced as under: (1) Where the gross total income of an assessee includes any profits and gains derived by an undertaking or an enterprise from any business referred to in sub-section (4) (such business being

DCIT, NEW DELHI vs. M/S. PETRONET LNG LTD., NEW DELHI

Appeal of the assessee is allowed

Bench: Sh. Sudhanshu Srivastavadr. B. R. R. Kumar(Through Video Conferencing) Ita No. 5230/Del/2015 : Asstt. Year : 2009-10 Ita No. 5231/Del/2015 : Asstt. Year : 2010-11 Ita No. 5232/Del/2015 : Asstt. Year : 2011-12 Petronet Lng Ltd., Vs Deputy Commissioner Of First Floor, World Trade Centre, Income Tax, Circle-19(2), Babar Road, Barakhamba Lane, New Delhi New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Ita No. 4902/Del/2015 : Asstt. Year : 2009-10 Ita No. 4903/Del/2015 : Asstt. Year : 2010-11 Ita No. 4904/Del/2015 : Asstt. Year : 2011-12 Deputy Commissioner Of Vs Petronet Lng Ltd., Income Tax, Circle-19(2), First Floor, World Trade Centre, New Delhi Babar Road, Barakhamba Lane, New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Assessee By : Sh. Vishal Kalra, Adv. Revenue By : Sh. H. K. Choudhary, Cit Dr Date Of Hearing: 27.01.2021 Date Of Pronouncement: 18.03.2021

80I of the Act. 26. With regard to the deduction, we are guided by the provisions of Section 80IA (1) and (4) which is reproduced as under: (1) Where the gross total income of an assessee includes any profits and gains derived by an undertaking or an enterprise from any business referred to in sub-section (4) (such business being

M/S. HAVELLS INDIA LTD.,NEW DELHI vs. ACIT, NEW DELHI

The appeal of the assessee is partly allowed for statistical purpose

Bench: Shri Anil Chaturvedi & Ms Suchitra Kamble(Through Video Conferencing) Vs Havells India Ltd. Acit 1, Raj Narian Marg, Ltu Civil Lines New Delhi New Delhi Aaach0351E (Respondent) (Appellant)

disallowance of Rs. 3,96,91,355/- made by the Assessing Officer but also enhanced the income of the assessee by Rs.29,56,344/- without issuing the notice of enhancement u/s 251 of the Act. The Ld. AR submitted that the aforesaid issue now stands covered in favour of the assessee by the order of the Tribunal in asseesse

M/S. SGS TEKNIKS PVT. LTD,NEW DELHI vs. DCIT, NEW DELHI

In the result, both the appeal of the assessee and the appeal of the revenue

Bench: Shri N.K. Saini & Shri A.T. Varkey

disallowance of claim of Rs.1,28,74,923/- u/s 80IC is hereby sustained.” 7.2 As regards 80I deduction, the AO observed that the assessee had not filed Form No.10CCB at the time of assessment proceedings. After going through the provisions of Section

ACIT, NEW DELHI vs. M/S SGS TEKNIKS PVT. LTD.,, NEW DELHI

In the result, both the appeal of the assessee and the appeal of the revenue

Bench: Shri N.K. Saini & Shri A.T. Varkey

disallowance of claim of Rs.1,28,74,923/- u/s 80IC is hereby sustained.” 7.2 As regards 80I deduction, the AO observed that the assessee had not filed Form No.10CCB at the time of assessment proceedings. After going through the provisions of Section

COMMISSIONER OF INCOME TAX vs. SHRIRAM PISTONS & RINGS LIMITED

Appeal is partly allowed, as aforesaid

disallowance and the order of CIT (A) is upheld by the Income Tax Appellate Tribunal (hereinafter referred to as „the Tribunal‟). The Tribunal has simply remarked that the issue is decided in favour of the assessee by the Tribunal for the Assessment Year 1998-99. 4. Insofar as the interest earned on FDR and interest on security deposit with Government

Commissioner of Income Tax vs. Shriram Pistons & Rings Limited

Appeal is partly allowed, as aforesaid

disallowance and the order of CIT (A) is upheld by the Income Tax Appellate Tribunal (hereinafter referred to as „the Tribunal‟). The Tribunal has simply remarked that the issue is decided in favour of the assessee by the Tribunal for the Assessment Year 1998-99. 4. Insofar as the interest earned on FDR and interest on security deposit with Government

M/S. INTERARCH BUILDING PRODUCTS PVT. LTD.,NEW DELHI vs. DCIT, NEW DELHI

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

Bench: Shri O.P. Kant & Shri Kuldip Singh[Through Video Conferencing] Assessment Year: 2006-07 Interarch Building Vs. Dcit Products Pvt. Ltd., Circle -11 (1) Farm No.8 Khasra New Delhi No.56/23/2, Dera Mandi Village, Mehrauli New Delhi-110047 Pan No.Aaaci0106J (Appellant) (Respondent)

Disallowance u/s 43-B - Annexure 4B 0 200,917 110,583 311,500 ii) Donation u/s 80-G 0 9,883,214 8,500,891 18,384,105 (Iv) Impact of sec. 145-A on Valuation of closing Stocks Total ( E ) 0 23,378,195 13,019,443 36,397,638 Total

SURYA MERCHANTS LTD.,NEW DELHI vs. CIT, KANPUR

In the result, all the five Appeals filed by the Assessee stand

Bench: Shri H.S. Sidhu & Shri L.P. Sahu

Section 80I of the Act. That in the aforesaid case the Assessing Officer had allowed investment allowance in relation to some of the items while disallowing

SURYA MERCHANTS LTD.,NEW DELHI vs. CIT, KANPUR

In the result, all the five Appeals filed by the Assessee stand

Bench: Shri H.S. Sidhu & Shri L.P. Sahu

Section 80I of the Act. That in the aforesaid case the Assessing Officer had allowed investment allowance in relation to some of the items while disallowing

SURYA MERCHANTS LTD.,NEW DELHI vs. CIT, KANPUR

In the result, all the five Appeals filed by the Assessee stand

Bench: Shri H.S. Sidhu & Shri L.P. Sahu

Section 80I of the Act. That in the aforesaid case the Assessing Officer had allowed investment allowance in relation to some of the items while disallowing

SURYA MERCHANTS LTD.,NEW DELHI vs. CIT, KANPUR

In the result, all the five Appeals filed by the Assessee stand

Bench: Shri H.S. Sidhu & Shri L.P. Sahu

Section 80I of the Act. That in the aforesaid case the Assessing Officer had allowed investment allowance in relation to some of the items while disallowing

SURYA MERCHANTS LTD.,NEW DELHI vs. CIT, KANPUR

In the result, all the five Appeals filed by the Assessee stand

Bench: Shri H.S. Sidhu & Shri L.P. Sahu

Section 80I of the Act. That in the aforesaid case the Assessing Officer had allowed investment allowance in relation to some of the items while disallowing