ACIT, NEW DELHI vs. SH. VALMIK THAPAR, NEW DELHI

Appeals are disposed of by this common order as indicated above

Bench: Hon’Ble Justice P.P. Bhatt & Shri Prashant Maharishi(Through Video Conferencing) Shri Valmik Thapar, Vs. Acit, 19, Kautilya Marg, Circle-53(1), New Delhi New Delhi (Appellant) (Respondent) Shri Valmik Thapar, Vs. Dcit, M/S. R. N. Khanna & Company, Ca, Circle-32(1), 14-15F, Shivam House, Connaught New Delhi Place, New Delhi Pan: Aacpt7098K (Appellant) (Respondent) Acit, Vs. Shri Valmik Thapar, Circle-53(1), 19, Kautilya Marg, New Delhi New Delhi Pan: Aacpt7098K (Appellant) (Respondent) Assessee By : Shri Salil Agarwal, Senior Advocate Along With Shri Shailesh Gupta, Shri Mahur Agarwal, Advocates Revenue By: Shri H. K. Choudhary, Cit Dr Date Of Hearing 11/06/2021 (Last Hearing) Date Of Pronouncement 11/06/2021. O R D E R Per Prashant Maharishi, A. M. 1. These Are Three Appeals For Two Assessment Years Pertaining To One Assessee, Mr. Valmik Thapar, A Resident, Individual [Assessee]. Assessee Filed Ita Number

reopening of the assessment for the purpose of claim of deduction u/s 54EC of the income tax act by the assessee. 34. With respect to the second reason recorded for deduction of acquisition of more than one residential house property

SH. VALMIK THAPAR,NEW DELHI vs. ACIT, NEW DELHI

Appeals are disposed of by this common order as indicated above

Bench: Hon’Ble Justice P.P. Bhatt & Shri Prashant Maharishi(Through Video Conferencing) Shri Valmik Thapar, Vs. Acit, 19, Kautilya Marg, Circle-53(1), New Delhi New Delhi (Appellant) (Respondent) Shri Valmik Thapar, Vs. Dcit, M/S. R. N. Khanna & Company, Ca, Circle-32(1), 14-15F, Shivam House, Connaught New Delhi Place, New Delhi Pan: Aacpt7098K (Appellant) (Respondent) Acit, Vs. Shri Valmik Thapar, Circle-53(1), 19, Kautilya Marg, New Delhi New Delhi Pan: Aacpt7098K (Appellant) (Respondent) Assessee By : Shri Salil Agarwal, Senior Advocate Along With Shri Shailesh Gupta, Shri Mahur Agarwal, Advocates Revenue By: Shri H. K. Choudhary, Cit Dr Date Of Hearing 11/06/2021 (Last Hearing) Date Of Pronouncement 11/06/2021. O R D E R Per Prashant Maharishi, A. M. 1. These Are Three Appeals For Two Assessment Years Pertaining To One Assessee, Mr. Valmik Thapar, A Resident, Individual [Assessee]. Assessee Filed Ita Number

reopening of the assessment for the purpose of claim of deduction u/s 54EC of the income tax act by the assessee. 34. With respect to the second reason recorded for deduction of acquisition of more than one residential house property

ITO WARD - 4, ROHTAK vs. SURENDER DALAL, ROHTAK

In the result, appeal of the Assessee is partly allowed as

Bench: Shri G.S. Pannu, Hon’Ble & Shri Challa Nagendra Prasadआ.अ.सं/.I.T.A No.7714/Del/2019 िनधा"रणवष"/Assessment Year: 2009-10 बनाम Ito, Surender Dalal, Ward-4, Vs. Dalal Bhawan, Aayakar Bhawan, Rohtak, Haryana Near Petrol Pump, Gohana Road, Rohtak, Haryana. Pan No.Aqlps2166C अपीलाथ" Appellant ""यथ"/Respondent & आ.अ.सं/.I.T.A No.7490/Del/2019 िनधा"रणवष"/Assessment Year: 2009-10 बनाम Surender Dalal, Ito, Dalal Bhawan, Vs. Ward-4, Near Petrol Pump, Aayakar Bhawan, Gohana Road, Rohtak, Haryana Rohtak, Haryana. Pan No.Aqlps2166C अपीलाथ" Appellant ""यथ"/Respondent

house property. 3. Firstly, we take up the appeal of the assessee, where the assessee in his ground nos. 2 to 6 challenged the reopening of assessment

SURENDER DALAL,ROHTAK vs. ITO WARD - 4, ROHTAK

In the result, appeal of the Assessee is partly allowed as

Bench: Shri G.S. Pannu, Hon’Ble & Shri Challa Nagendra Prasadआ.अ.सं/.I.T.A No.7714/Del/2019 िनधा"रणवष"/Assessment Year: 2009-10 बनाम Ito, Surender Dalal, Ward-4, Vs. Dalal Bhawan, Aayakar Bhawan, Rohtak, Haryana Near Petrol Pump, Gohana Road, Rohtak, Haryana. Pan No.Aqlps2166C अपीलाथ" Appellant ""यथ"/Respondent & आ.अ.सं/.I.T.A No.7490/Del/2019 िनधा"रणवष"/Assessment Year: 2009-10 बनाम Surender Dalal, Ito, Dalal Bhawan, Vs. Ward-4, Near Petrol Pump, Aayakar Bhawan, Gohana Road, Rohtak, Haryana Rohtak, Haryana. Pan No.Aqlps2166C अपीलाथ" Appellant ""यथ"/Respondent

house property. 3. Firstly, we take up the appeal of the assessee, where the assessee in his ground nos. 2 to 6 challenged the reopening of assessment

M/S vs. R ENTERPRISES,NEW DELHIVS.ITO, NEW DELHI

In the result, appeal of the Assessee allowed

Bench: Shri R.K. Panda & Shri Sudhanshu Srivastavaassessment Year : 2007-08

House No. G-146-A, Khasra Ward-27(4), No.1/24, Shiv Ram Park, New Delhi Nilothi Nangloi, New Delhi-110041, PAN-AAFFV5459F (Appellant) (Respondent) Appellant by : Sh. P.C. Yadav, Adv. Respondent by : Sh. Prakash Dubey, Sr. DR Date of hearing : 23.03.2021 Date of pronouncement : 18.05.2021 ORDER PER R.K. PANDA, AM : This appeal filed by the assessee is directed against

M/S vs. R ENTERPRISES,NEW DELHIVS.ITO, NEW DELHI

In the result, appeal of the Assessee allowed

Bench: Shri Bhavnesh Saini & Shri B.R.R. Kumar

House No.G-146-A, Khasra Ward – 27 (4), No.1/24, Shiv Ram Park, [vs. Nilothi, Nangloi, New Delhi. New Delhi. PIN – 110 041. PAN AAFFV5459F (Appellant) (Respondent) For Assessee : Shri P.C. Yadav, Advocate For Revenue : Shri Prakash Dubey, Sr. D.R. Date of Hearing : 10.02.2021 Date of Pronouncement : 17.02.2021 ORDER PER BHAVNESH SAINI, J.M. This appeal by Assessee has been directed against the Order

SMT. RADHIKA ROY,,NEW DELHI vs. DCIT, NEW DELHI

Bench: Shri Beena A Pillai & Shri Prashant Maharishi

House Property,” the learned CIT – A granted substantial relief to the assessee with respect to each of the properties. Accordingly, the appeal of the assessee was partly allowed. The assessee is now aggrieved, with the actions of the learned assessing officer in reopening

DCIT, NEW DELHI vs. DR. PRANNOY ROY, NEW DELHI

Bench: Shri Beena A Pillai & Shri Prashant Maharishi

House Property,” the learned CIT – A granted substantial relief to the assessee with respect to each of the properties. Accordingly, the appeal of the assessee was partly allowed. The assessee is now aggrieved, with the actions of the learned assessing officer in reopening

SMT. RADHIKA ROY,,NEW DELHI vs. DCIT, NEW DELHI

Bench: Shri Beena A Pillai & Shri Prashant Maharishi

House Property,” the learned CIT – A granted substantial relief to the assessee with respect to each of the properties. Accordingly, the appeal of the assessee was partly allowed. The assessee is now aggrieved, with the actions of the learned assessing officer in reopening

DCIT, NEW DELHI vs. MRS. RADHIKA ROY, NEW DELHI

Bench: Shri Beena A Pillai & Shri Prashant Maharishi

House Property,” the learned CIT – A granted substantial relief to the assessee with respect to each of the properties. Accordingly, the appeal of the assessee was partly allowed. The assessee is now aggrieved, with the actions of the learned assessing officer in reopening

DR. PRANNOY ROY,,NEW DELHI vs. DCIT, NEW DELHI

Bench: Shri Beena A Pillai & Shri Prashant Maharishi

House Property,” the learned CIT – A granted substantial relief to the assessee with respect to each of the properties. Accordingly, the appeal of the assessee was partly allowed. The assessee is now aggrieved, with the actions of the learned assessing officer in reopening

DR. PRANNOY ROY,,NEW DELHI vs. DCIT, NEW DELHI

Bench: Shri Beena A Pillai & Shri Prashant Maharishi

House Property,” the learned CIT – A granted substantial relief to the assessee with respect to each of the properties. Accordingly, the appeal of the assessee was partly allowed. The assessee is now aggrieved, with the actions of the learned assessing officer in reopening

M/S. INDIA EXPOSITION MART LTD.,NEW DELHI vs. DCIT, NEW DELHI

house rent amounting to Rs.\n4,26,000/-. Thereafter, Asstt. Commissioner of Income Tax, S.A.P.-I, O/0 CIT(Audit)-\nII, New Delhi vide F. No. ACIT/SAP-I/CIT(Audit)-II/2012-13/180 dated 25.02.2013\nraised an audit objection. In this audit objection, inter alia, Audit raised objection that\nexpenses of Rs.1,81,70,947/- on account of Writing-Off of Capital Work-in-Progress

AGYA RAM vs. COMMISSIONER OF INCOME TAX

The appeals are allowed but in the circumstances with no order as to

Bench: HON'BLE DR. JUSTICE S.MURALIDHAR,HON'BLE MR. JUSTICE NAJMI WAZIRI

reopening the assessment as under: "It was found that you have camouflaged your rental income as business income in the guise of licence fee so in resulting your having sham rental income under the Head "Business and Professional" as against the head "Income from House Property

AGYA RAM vs. COMMMISSIONER OF INCOME TAX

The appeals are allowed but in the circumstances with no order as to

Bench: HON'BLE DR. JUSTICE S.MURALIDHAR,HON'BLE MR. JUSTICE NAJMI WAZIRI

reopening the assessment as under: "It was found that you have camouflaged your rental income as business income in the guise of licence fee so in resulting your having sham rental income under the Head "Business and Professional" as against the head "Income from House Property

M/S. KAILASH DWELLERS PVT. LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, the appeals of the assessee are allowed for statistical purposes

Bench: Shri N.K.Saini & Shri Sudhanshu Srivastava

house property and depreciation claimed in profit and loss account in respect such property cannot be allowed. Firstly, It is submitted with great that Ltd. AO made impugned disallowance in the proceedings u/s 153A which according to the appellant could not have been so made because there was no incriminating material found during the course of search. It has been

SANJEEV MALHOTRA,NEW DELHI vs. DCIT, CIRCLE-24(2), NEW DELHI

Bench: Shri Justice P. P. Bhatt & Shri Prashant Maharishi(Though Video Conferencing) Through Video Conferencing Shri Sanjeev Malhotra Dcit, Vs. 10/81, Punjabi Bag West Circle-24(2), New Delhi- 110026 New Delhi Pan Aagpm3216Q

reopening of the assessment goes to the root of the matter, therefore before deciding on the merits of the case, this issue needs to be adjudicated. The case of the assessee is properly supported by the decision of the honourable Supreme Court in case of NTPC (supra), therefore, we admit the additional grounds raised by the assessee. 06. Before adverting

DAMYANTI MUNDHRA,NEW DELHI vs. ITO WARD-55(5), NEW DELHI

In the result, all the five appeals filed by the respective assessees are allowed

Bench: Shri R.K. Panda

reopening of the assessment u/s 147 of the Act:- “Information has been received from Investigation Wing of the Income tax Department that large scale, manipulation had been done in the market price of shares of SPLASH MEDIA by a group of persons acting as a syndicate in order to provide entries of tax exempt long term capital gains

GOPAL CHAND MUNDHRA,NEW DELHI vs. ITO WARD-55(5), NEW DELHI

In the result, all the five appeals filed by the respective assessees are allowed

Bench: Shri R.K. Panda

reopening of the assessment u/s 147 of the Act:- “Information has been received from Investigation Wing of the Income tax Department that large scale, manipulation had been done in the market price of shares of SPLASH MEDIA by a group of persons acting as a syndicate in order to provide entries of tax exempt long term capital gains