ACIT CIRCLE-7(1), NEW DELHI vs. DLF ASSETS PVT. LTD.,, NEW DELHI

Accordingly, the order of the ld. CIT (A) is confirmed and the Revenue’s appeal for AY 2013-14 is dismissed

Bench: Shri Amit Shukla & Dr. B.R.R. Kumar

house property Less : Property 25,43,443 Tax Less : Interest 73,13,20,464 Less : 623,17,72,906 Depreciation Less : Other Business Expenditure - Marketing 9,26,78,290 Service Charges - Land Lease 7,36,63,588 713,19,78,691 Rent Income from business -130,43,39,196 Gross total income After set-off with business loss NIL Less

ACIT CIRCLE-7(1), NEW DELHI vs. DLF ASSETS PVT. LTD.,, NEW DELHI

Accordingly, the order of the ld. CIT (A) is confirmed and the Revenue’s appeal for AY 2013-14 is dismissed

Bench: Shri Amit Shukla & Dr. B.R.R. Kumar

house property Less : Property 25,43,443 Tax Less : Interest 73,13,20,464 Less : 623,17,72,906 Depreciation Less : Other Business Expenditure - Marketing 9,26,78,290 Service Charges - Land Lease 7,36,63,588 713,19,78,691 Rent Income from business -130,43,39,196 Gross total income After set-off with business loss NIL Less

ACIT CIRCLE-7(1), NEW DELHI vs. DLF ASSETS PVT. LTD.,, NEW DELHI

Accordingly, the order of the ld. CIT (A) is confirmed and the Revenue’s appeal for AY 2013-14 is dismissed

Bench: Shri Amit Shukla & Dr. B.R.R. Kumar

house property Less : Property 25,43,443 Tax Less : Interest 73,13,20,464 Less : 623,17,72,906 Depreciation Less : Other Business Expenditure - Marketing 9,26,78,290 Service Charges - Land Lease 7,36,63,588 713,19,78,691 Rent Income from business -130,43,39,196 Gross total income After set-off with business loss NIL Less

M/S. ANSAL PROPERTIES & INFRASTRUCTURE LTD.,NEW DELHI vs. DCIT, NEW DELHI

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

Bench: Shri G.S. Pannu & Before Shri G.S. Pannu & Before Shri G.S. Pannu Before Shri G.S. Pannu & Ms. Suchitra Kamblems. Suchitra Kamble Ms. Suchitra Kamble Ms. Suchitra Kamble

Properties & Vs. Vs. Vs. Vs. Deputy Commissioner of Deputy Commissioner of Deputy Commissioner of Deputy Commissioner of Infrastructure Limited, Infrastructure Limited, Infrastructure Limited, Infrastructure Limited, Income Tax, Income Tax, Income Tax, Income Tax, 115 115-Ansal Bhawan, 115 115 Ansal Bhawan, Ansal Bhawan, Ansal Bhawan, Circle Circle-2(2), Circle Circle 2(2), 2(2), 2(2), 16, K.G. Marg

M/S. ANSAL PROPERTIES & INFRASTRUCTURE LTD.,NEW DELHI vs. DCIT, NEW DELHI

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

Bench: Shri G.S. Pannu & Before Shri G.S. Pannu & Before Shri G.S. Pannu Before Shri G.S. Pannu & Ms. Suchitra Kamblems. Suchitra Kamble Ms. Suchitra Kamble Ms. Suchitra Kamble

Properties & Vs. Vs. Vs. Vs. Deputy Commissioner of Deputy Commissioner of Deputy Commissioner of Deputy Commissioner of Infrastructure Limited, Infrastructure Limited, Infrastructure Limited, Infrastructure Limited, Income Tax, Income Tax, Income Tax, Income Tax, 115 115-Ansal Bhawan, 115 115 Ansal Bhawan, Ansal Bhawan, Ansal Bhawan, Circle Circle-2(2), Circle Circle 2(2), 2(2), 2(2), 16, K.G. Marg

M/S. ANSAL PROPERTIES & INFRASTRUCTURE LTD.,NEW DELHI vs. DCIT, NEW DELHI

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

Bench: Shri G.S. Pannu & Before Shri G.S. Pannu & Before Shri G.S. Pannu Before Shri G.S. Pannu & Ms. Suchitra Kamblems. Suchitra Kamble Ms. Suchitra Kamble Ms. Suchitra Kamble

Properties & Vs. Vs. Vs. Vs. Deputy Commissioner of Deputy Commissioner of Deputy Commissioner of Deputy Commissioner of Infrastructure Limited, Infrastructure Limited, Infrastructure Limited, Infrastructure Limited, Income Tax, Income Tax, Income Tax, Income Tax, 115 115-Ansal Bhawan, 115 115 Ansal Bhawan, Ansal Bhawan, Ansal Bhawan, Circle Circle-2(2), Circle Circle 2(2), 2(2), 2(2), 16, K.G. Marg

TUBE ROSE ESTATES PVT. LTD. ,NEW DELHI vs. ACIT, CIRCLE- 16(1), NEW DELHI

In the result ground number one – three of the appeal of the assessee are allowed

Bench: Shri Sudhanshu Srivastavaa N D Shri Prashant Maharishi(Through Video Conferencing)

Section 24 of the IT Act only 30% deduction out of rent amount is to be allowed to the assessee in respect of house property for collection of rent, repair and maintenance of building and there is no separate provision for allowability of expense under any other head of income. In view of above, AO held that the following income

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(1), MEERUT, MEERUT vs. PREM SAPRA, NEW DELHI

The appeal of the revenue is dismissed

Bench: Smt. Annapurna Gupta & Ms. Madhumita Royassessment Year: 2021-22

115-121 of PB) was clearly distinguishable as was explained by the Assessee before the CIT(A) - kindly refer to pages 5 & 6 of PB. 12. It is well settled that section 54 being an incentive/benevolent provision, the same ought to be liberally construed and benefit should be given to the assessee for which reliance is placed on the following

INDIAN NATIONAL CONG. (I) AICC vs. C.I.T.- XI

house property, which is reflected in its returns. That apart, Section 56 (1) of the Act makes it clear that even if there was no income under clauses A to E of Section 14 of the Act, there could be income from other sources under clause F of Section 14 of the Act. 83. Mr Singh is right

ADDI. CIT SPL. RANGE-3, NEW DELHI vs. DELHI TOURISM & TRANSPORTATION DEVELOPMENT CORPORATION LTD. , NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

115/- made by the Assessing Officer. 4. Whether on facts and in circumstances of the case and in law, the Ld.CIT(A) is justified in deleting the disallowance of prior period expenses Rs.4,15,342/-. The appellant craves, leave, modify, add or forego in any ground(s) of appeal at any time before or during the hearing of this appeal

DELHI TOURISM & TRANSPORTATION DEVELOPMENT CORPORATION LTD. ,NEW DELHI vs. DCIT CIRCLE-10(1), NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

115/- made by the Assessing Officer. 4. Whether on facts and in circumstances of the case and in law, the Ld.CIT(A) is justified in deleting the disallowance of prior period expenses Rs.4,15,342/-. The appellant craves, leave, modify, add or forego in any ground(s) of appeal at any time before or during the hearing of this appeal

DELHI TOURISM TRANSPORTATION AND DEVELOPMENT CORPORATION LTD.,NEW DELHI vs. ADDL.CIT, SPECIAL RANGE-3, NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

115/- made by the Assessing Officer. 4. Whether on facts and in circumstances of the case and in law, the Ld.CIT(A) is justified in deleting the disallowance of prior period expenses Rs.4,15,342/-. The appellant craves, leave, modify, add or forego in any ground(s) of appeal at any time before or during the hearing of this appeal

ACIT SPECIAL RANGE-3, NEW DELHI vs. DELHI TOURISM & TRANSPORTATION DEVELOPMENT CORPORATION LTD., NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

115/- made by the Assessing Officer. 4. Whether on facts and in circumstances of the case and in law, the Ld.CIT(A) is justified in deleting the disallowance of prior period expenses Rs.4,15,342/-. The appellant craves, leave, modify, add or forego in any ground(s) of appeal at any time before or during the hearing of this appeal

ADDL.CIT, SPECIAL RANGE-3, NEW DELHI vs. DELHI TOURISM TRANSPORTATION AND DEVELOPMENT CORPORATION LTD., NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

115/- made by the Assessing Officer. 4. Whether on facts and in circumstances of the case and in law, the Ld.CIT(A) is justified in deleting the disallowance of prior period expenses Rs.4,15,342/-. The appellant craves, leave, modify, add or forego in any ground(s) of appeal at any time before or during the hearing of this appeal

ADDL.CIT, SPECIAL RANGE-3, NEW DELHI vs. DELHI TOURISM TRANSPORTATION AND DEVELOPMENT CORPORATION LTD., NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

115/- made by the Assessing Officer. 4. Whether on facts and in circumstances of the case and in law, the Ld.CIT(A) is justified in deleting the disallowance of prior period expenses Rs.4,15,342/-. The appellant craves, leave, modify, add or forego in any ground(s) of appeal at any time before or during the hearing of this appeal

ADDL.CIT, SPECIAL RANGE-3, NEW DELHI vs. DELHI TOURISM TRANSPORTATION AND DEVELOPMENT CORPORATION LTD., NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

115/- made by the Assessing Officer. 4. Whether on facts and in circumstances of the case and in law, the Ld.CIT(A) is justified in deleting the disallowance of prior period expenses Rs.4,15,342/-. The appellant craves, leave, modify, add or forego in any ground(s) of appeal at any time before or during the hearing of this appeal

DLF HOME DEVELOPERS LIMITED,NEW DELHI vs. PRINCIPAL COMMISSIONER OF INCOME TAX, DELHI-1, NEW DELHI, NEW DELHI

In the result, the appeal of the assessee is allowed

Bench: Shri Mahavir Singh & Shri Manish Agarwal[Assessment Year : 2019-20] Dlf Home Developers Limited, Vs Pr.Cit, 9Th Floor, Dlf Centre, Sansad Delhi-1, Marg, New Delhi-110001. New Delhi Pan-Aaccd0037H Appellant Respondent Appellant By Shri R.S.Singhvi, Ca & Shri Satyajeet Goel, Ca Respondent By Shri Surender Pal, Cit Dr Date Of Hearing 19.03.2025 Date Of Pronouncement 23.05.2025

house property on which standard deduction claim of 7.61 crores has been made and notional rental income calculated for these properties and the issue of depreciation as a part of P&L account. 4. The writing off of Rs. 336.47 crores on account of amicable settlement regarding a property with madras race club, is not allowable claim as impairment provision

MUKUL ROHATGI,NEW DELHI vs. ACIT CIRCLE 61(1), NEW DELHI

In the result, the appeal of the assessee is allowed

Bench: Shri Mahavir Singh & Shri Manish Agarwal

115, wherein long term capital gain is calculated at 27,21,092/-. When this fact was confronted to the learned CIT-DR, he could not controvert the same but, he made only one submission that this can be verified by the Assessing Officer. 9. After hearing rival contentions and going through the facts of the case, we noted that property

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

115 - ITA Nos. 2844 to 2846/Del/2022 Mahavir Transmission Ltd. (P) Ltd. xiii. M/s. At Your Door - 2,13,75,600 - - Step Services (P) Ltd. xiv. M/s. Rudrani Multi - 2,13,75,600 - - Trade xv. M/s. Sai - 6,04,32,128 - - Enterprises xvi M/s. Sai - 5,85,95,852 - - Enterprises xvii. M/s. Ghanshyam - 1,78,11,882 - - Enterprises xviii. M/s. Spark