PAVEL GARG,NEW DELHI vs. ACIT, CIRCLE- 63(1), NEW DELHI

In the result, the appeal of the assessee is allowed for statistical purpose

Bench: Sh. Amit Shukladr. B. R. R. Kumarita No. 3606/Del/2018 : Asstt. Year : 2013-14 Pavel Garg, Vs Acit, Dtj-120, 1St Floor, Jasola Tower-B, Circle-63(1), Jasola, New Delhi-110025 New Delhi (Appellant) (Respondent) Pan No. Aalpg2923R Assessee By : Sh. S.B. Gupta, Ca Revenue By : Sh. Hemant Gupta, Sr. Dr Date Of Hearing: 23.11.2021 Date Of Pronouncement: 15.02.2022

115-R, Model Town, Sonepat, Haryana- 132302. Undoubtedly, the house property situated at 30, Sector-15, Sonepat, Haryana-132302 was adjoining with the house property situated at 32, Sector-15, Sonepat, Haryana- 132302 in respect of which the Commissioner (Appeal) has determined annual value at Rs. 3,15,750/- against the annual value of Rs. 48,000/- accepted

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

AMBIENCE DEVELOPERS AND INFRASTRUCTURE PRIVATE LIMITED,DELHI vs. PCIT (CENTRAL), DELHI-2 JHANDEWALAN, NEW DELHI, DELHI

Bench: Ms. Madhumita Roy & Shri Naveen Chandra

house property'. 13. In this regard, the details of the sale deed, purchase cost and stamp duty in respect of each of the properties for a land measuring about 22.7 acre as furnished by the assessee and not been disputed by the Ld. DR is reproduced hereinbelow: Total Cost as per Sale Deed Sale Deed No. Cost Amount

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

M/S. TERA ESTATES PVT. LTD.,NEW DELHI vs. ACIT, NEW DELHI

In the result, we allow ground No

Bench: Shri H.S.Sidhu & Shri Prashant Maharishitera Estates Pvt. Ltd, Vs. Acit, S-395, Greater Kailash, Parti-Ii, Range-16, New Delhi New Delhi Pan:Aabct5729R (Appellant) (Respondent)

sections 234B of the Act, which is not leviable on the facts of the appellant company.” 3. Brief facts of the case are that the assessee is engaged in the business of owners, colonizers, developers, promoters etc. The assessee filed its return of income for Assessment Year 2006- 07 on 30.11.2006 of Rs. 3596255/-. The assessment

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

Bench: HON'BLE DR. JUSTICE S.MURALIDHAR,HON'BLE MR. JUSTICE VIBHU BAKHRU

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

COMMISSIONER OF INCOME TAX DELHI-XI vs. INDIAN NATIONAL CONGRESS/ALL INDIA CONGRESS COMMITTEE

Bench: HON'BLE DR. JUSTICE S.MURALIDHAR,HON'BLE MR. JUSTICE VIBHU BAKHRU

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

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

RAM KISHORE RATHORE,NEW DELHI vs. ACIT, CIRCLE- 53(1), NEW DELHI

In the result, the appeal of the assessee is allowed and Revenue appeal is dismissed

Bench: Shri H. S. Sidhui.T.A. No. 308/Del/2019 Assessment Year: 2011-12 Sh. Ram Kishore Rathore, Vs. Acit, Circle-53(1), C/O M/S Rra Taxindia New Delhi D-28, South Extension, Part-I, New Delhi (Pan:Aaapr4260P) (Assessee) (Respondent)

115 JB assessment and on the regular assessment under Section 143(3) in respect of the alleged mistake in granting deduction under Section 80 IB, for income tax and wealth tax debited in the profit and loss account and the share issue expenses and FRN issue expenses written off to be disallowed, being capital in nature. 29. A reading

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

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