PRADEEP KUMAR SHARMA,DELHI vs. DCIT, CENTRAL CIRCLE, NOIDA

In the result, all the appeals of the Assessee are allowed

Bench: Shri Bhavnesh Saini & Shri N.K. Billaiya

house property in his name or in the name of his family members. He has also filed copy of the letter Dated 13.12.2014 which was filed before President and Chief Executive Officer of Noida explaining that Department has forced to take his statement. He has submitted that assessee was not available at the time of search at the place

PRADEEP KUMAR SHARMA,DELHI vs. DCIT, CENTRAL CIRCLE, NOIDA

In the result, all the appeals of the Assessee are allowed

Bench: Shri Bhavnesh Saini & Shri N.K. Billaiya

house property in his name or in the name of his family members. He has also filed copy of the letter Dated 13.12.2014 which was filed before President and Chief Executive Officer of Noida explaining that Department has forced to take his statement. He has submitted that assessee was not available at the time of search at the place

PRADEEP KUMAR SHARMA,DELHI vs. DCIT, CENTRAL CIRCLE, NOIDA

In the result, all the appeals of the Assessee are allowed

Bench: Shri Bhavnesh Saini & Shri N.K. Billaiya

house property in his name or in the name of his family members. He has also filed copy of the letter Dated 13.12.2014 which was filed before President and Chief Executive Officer of Noida explaining that Department has forced to take his statement. He has submitted that assessee was not available at the time of search at the place

PRADEEP KUMAR SHARMA,DELHI vs. DCIT, CENTRAL CIRCLE, NOIDA

In the result, all the appeals of the Assessee are allowed

Bench: Shri Bhavnesh Saini & Shri N.K. Billaiya

house property in his name or in the name of his family members. He has also filed copy of the letter Dated 13.12.2014 which was filed before President and Chief Executive Officer of Noida explaining that Department has forced to take his statement. He has submitted that assessee was not available at the time of search at the place

ACIT, CENTRAL CIRCLE- 30 , NEW DELHI vs. SANJIVANI INDUSTRIES PVT. LTD., NEW DELHI

In the result, appeal of the Revenue is dismissed

Bench: Sh. Anil Chaturvedi & Sh. Yogesh Kumar Usacit Vs. Sanjivani Industries Pvt. Central Circle -30 Ltd. New Delhi 1/8, West Patel Nagar, New Delhi – 110 008 Pan No. Aafcs 8669 H (Appellant) (Respondent)

property discovered in the course of search which were not produced or not already disclosed or made known in the course of original assessment. 13. In the present case, we find that addition has been made on account of unexplained credit u/s 68 of the Act being share application money and premium received. The addition has been made

ARYA SMAJ MODEL TOWN,DELHI vs. PCIT, CENTRAL -3, NEW DELHI

In the result, the appeal filed by the assessee is allowed

housing the college, hostel and to\nprovide other facilities to the students who are studying in the College.\nThe College is recognized by the Medical Council of India, State of\nKarnataka and all other statutory authorities. Therefore, it cannot be\nsaid that the Trust is not genuine. Admittedly, the students are being\nadmitted every year. Students are studying

ACIT CENTRAL CIRCLE-30, NEW DELHI vs. KAMANA INDUSTRIES PVT LTD, SONIPAT

In the result, appeal of the Revenue is dismissed

Bench: Shri Saktijit Dey & Shri M. Balaganeshassessment Year: 2013-14 Acit, Vs Kamana Industries Pvt. Ltd., Central Circle-30, Piau Maniyari, New Delhi. Narela Road, Kundli, Sonepat, Haryana – 131 028. Pan Aabck7580K (Appellant) (Respondent) Assessee By : Shri P.C. Yadav & Shri Shivam Garg, Advocate Revenue By : Ms Sapna Bhatia, Cit-Dr Date Of Hearing : 01.05.2023 Date Of Pronouncement : 27.07.2023 Order Per M. Balaganesh, Am: This Appeal In Ita No.4997/Del/2019 For Ay 2013-14 Arises Out Of The Order Of The Commissioner Of Income-Tax (Appeals)-30, New Delhi, In Appeal No.172/16- 17/2606 Dated 13.03.2019 [Hereinafter Referred To As ‘Ld. Cit(A)’, In Short] Against The Order Of Assessment Passed U/S 153A Of The Income-Tax Act, 1961 (Hereinafter Referred To As ‘The Act’) Dated 29.12.2016 By The Ld. Income-Tax Officer, Central Circle-30, New Delhi (Hereinafter Referred To As ‘Ld. Ao’). 2. The Only Issue To Be Decided In This Appeal Is As To Whether The Ld.Cit(A) Was Justified In Deleting The Addition Made On Account Of Share Capital Received By The Assessee In The Sum Of Rs.7,10,00,000/- In The Facts & Circumstances Of The Instant Case.

property discovered in the course of search which were not produced or not already disclosed or made known in the course of original assessment. 13. In the present case, we find that addition has been made on account of unexplained credit u/s 68 of the Act being share application money and premium received. The addition has been made

M/S ACTIVE SECURITIES LIMITED,NEW DELHI vs. ITO, NEW DELHI

The appeals are allowed

Bench: Shri G.S. Pannu, Hon’Ble & Shri Anubhav Sharma

132-153, r.f.@Pg 142) • ENN ZEN Enterprises (P.) Ltd. vs. ACIT: 45 ITRT) 382 (Chandigarh ITAT) • Global Tech Park (P.) Ltd. vs. ACIT: 119 TTJ 421 (Bang) 11. Ld. AR, without prejudice submitted that lease rental is taxable under section 56 of the Act. He submitted that as per the provisions of clause (iti) of sub section

DEEPAK NARANG ,DELHI vs. DCIT, CENTRAL CIRCLE - 29, DELHI

In the result, Appeals of the Assessee in ITA Nos

Bench: Shri M. Balaganesh & Shri Yogesh Kumar U.S.Ita No. 3391/Del/2023 (A.Y. 2019-20) Deepak Narang Vs. Dcit A-2/66, Top Floor, Paschim Central Circle-29, 318, Income Vihar, West Delhi Tax Building, E-2, Ara Centre, Pan: Aafpn6476N Jhandewalan Extension, Delhi Appellant Respondent Dcit Vs. Deepak Narang Central Circle-29, 318, A-2/66,Top Floor, Paschim Income Tax Building, E-2, Vihar, Ara Centre, Jhandewalan West Delhi, Extension, Delhi Delhi Pan: Aafpn6476N Appellant Respondent

property 5. It can be seen from the assessment order in all the above three Assessment Years, the impugned additions have been made by the A.O. based on the incriminating material found during the search of a third party, however, the assessment has been framed against the Assessee u/s 153A of the Act. 6. The Jurisdictional High Court

DEEPAK NARANG,DELHI vs. DCIT, CENTRAL CIRCLE -29, DELHI

In the result, Appeals of the Assessee in ITA Nos

Bench: Shri M. Balaganesh & Shri Yogesh Kumar U.S.Ita No. 3391/Del/2023 (A.Y. 2019-20) Deepak Narang Vs. Dcit A-2/66, Top Floor, Paschim Central Circle-29, 318, Income Vihar, West Delhi Tax Building, E-2, Ara Centre, Pan: Aafpn6476N Jhandewalan Extension, Delhi Appellant Respondent Dcit Vs. Deepak Narang Central Circle-29, 318, A-2/66,Top Floor, Paschim Income Tax Building, E-2, Vihar, Ara Centre, Jhandewalan West Delhi, Extension, Delhi Delhi Pan: Aafpn6476N Appellant Respondent

property 5. It can be seen from the assessment order in all the above three Assessment Years, the impugned additions have been made by the A.O. based on the incriminating material found during the search of a third party, however, the assessment has been framed against the Assessee u/s 153A of the Act. 6. The Jurisdictional High Court

DEPUTY COMMISSIONER OF INCOME TAX, NEW DELHI vs. DEEPAK NARANG, NEW DELHI

In the result, Appeals of the Assessee in ITA Nos

Bench: Shri M. Balaganesh & Shri Yogesh Kumar U.S.Ita No. 3391/Del/2023 (A.Y. 2019-20) Deepak Narang Vs. Dcit A-2/66, Top Floor, Paschim Central Circle-29, 318, Income Vihar, West Delhi Tax Building, E-2, Ara Centre, Pan: Aafpn6476N Jhandewalan Extension, Delhi Appellant Respondent Dcit Vs. Deepak Narang Central Circle-29, 318, A-2/66,Top Floor, Paschim Income Tax Building, E-2, Vihar, Ara Centre, Jhandewalan West Delhi, Extension, Delhi Delhi Pan: Aafpn6476N Appellant Respondent

property 5. It can be seen from the assessment order in all the above three Assessment Years, the impugned additions have been made by the A.O. based on the incriminating material found during the search of a third party, however, the assessment has been framed against the Assessee u/s 153A of the Act. 6. The Jurisdictional High Court

DEEPAK NARANG ,DELHI vs. DCIT, CENTRAL CIRCLE - 29, NEW DELHI

In the result, Appeals of the Assessee in ITA Nos

Bench: Shri M. Balaganesh & Shri Yogesh Kumar U.S.Ita No. 3391/Del/2023 (A.Y. 2019-20) Deepak Narang Vs. Dcit A-2/66, Top Floor, Paschim Central Circle-29, 318, Income Vihar, West Delhi Tax Building, E-2, Ara Centre, Pan: Aafpn6476N Jhandewalan Extension, Delhi Appellant Respondent Dcit Vs. Deepak Narang Central Circle-29, 318, A-2/66,Top Floor, Paschim Income Tax Building, E-2, Vihar, Ara Centre, Jhandewalan West Delhi, Extension, Delhi Delhi Pan: Aafpn6476N Appellant Respondent

property 5. It can be seen from the assessment order in all the above three Assessment Years, the impugned additions have been made by the A.O. based on the incriminating material found during the search of a third party, however, the assessment has been framed against the Assessee u/s 153A of the Act. 6. The Jurisdictional High Court

DCIT, CENTRAL CIRCLE-28, NEW DELHI vs. PSK FINANCE SOLUTIONS PVT. LTD., NEW DELHI

In the result, the appeal of the Revenue is dismissed

Bench: Sh. Kul Bharatdr. B. R. R. Kumar

house of Shri Kapil Mohan who is my brother, was going on during the last month hence he had given the folders of his and his wife's personal documents for safe keeping to one Mr. J. Saxena who might have placed at above mentioned flat. Q.7. Please state who is Mr. J Saxena and how he is related

PRATISHTHA IMAGES PVT LTD,DELHI vs. DCIT,CENTRAL CIRCLE-28, DELHI

Bench: Shri Satbeer Singh Godara & Shri S Rifaur Rahman, Accountnat Member

property discovered in the course of search which were not produced or not already disclosed or made known in the course of original assessment." 12. The petitioners contended that although Kabul Chawla was a decision rendered in the context of Section 153A, the judgment is instructive to the extent that it had held that Section 153A would warrant additions being

ALANKIT FINSEC LTD,DELHI vs. DCIT,CENTRAL CIRCLE-28, DELHI

Bench: Shri Satbeer Singh Godara & Shri S Rifaur Rahman, Accountnat Member

property discovered in the course of search which were not produced or not already disclosed or made known in the course of original assessment." 12. The petitioners contended that although Kabul Chawla was a decision rendered in the context of Section 153A, the judgment is instructive to the extent that it had held that Section 153A would warrant additions being

SAKSHI AGARWAL,NEW DELHI vs. DCIT, CENTRAL CIRCLE-28, NEW DELHI

Bench: Shri Satbeer Singh Godara & Shri S Rifaur Rahman, Accountnat Member

property discovered in the course of search which were not produced or not already disclosed or made known in the course of original assessment." 12. The petitioners contended that although Kabul Chawla was a decision rendered in the context of Section 153A, the judgment is instructive to the extent that it had held that Section 153A would warrant additions being

ALKA AGARWAL,NEW DELHI vs. DCIT, CENTRAL CIRCLE-28, NEW DELHI

Bench: Shri Satbeer Singh Godara & Shri S Rifaur Rahman, Accountnat Member

property discovered in the course of search which were not produced or not already disclosed or made known in the course of original assessment." 12. The petitioners contended that although Kabul Chawla was a decision rendered in the context of Section 153A, the judgment is instructive to the extent that it had held that Section 153A would warrant additions being

ALANKIT FINSEC LTD,DELHI vs. DCIT,CENTRAL CIRCLE-28, DELHI

Bench: Shri Satbeer Singh Godara & Shri S Rifaur Rahman, Accountnat Member

property discovered in the course of search which were not produced or not already disclosed or made known in the course of original assessment." 12. The petitioners contended that although Kabul Chawla was a decision rendered in the context of Section 153A, the judgment is instructive to the extent that it had held that Section 153A would warrant additions being