WEL INTERTRADE PVT. LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, the appeal of the assessee in ITA No

Bench: Before Shri N.K. Billaiya & Ms. Astha Chandraasstt. Year : 2011-12 Wel Intertrade Private Vs. Acit, Circle-27(2), Limited, New Delhi. 5,E Local Shopping Centre Masjid Moth, Greater Kailash Part 2, New Delhi – 110 048 Pan Aaacw10187F (Appellant) (Respondent) Asstt. Year : 2012-13

house property. In support, reliance is placed on Chennai Properties & Investment Ltd. vs. CIT (2015) 373 ITR 673 (SC); Rayala Corporation (P) Ltd. vs. ACIT (2016) 386 ITR 500 (SC); PCIT vs. Sri Bharathi Warehousing Corporation (2017) 392 ITR 160 (AP). 6.8.4 Likewise, it is submitted that the amount of Rs. 13,43,161/- received by way of reimbursement

ASHUTOSH GUPTA,GHAZIABAD vs. DCIT, CIRCLE-1, GHAIZABAD

In the result, the appeal of the assessee is allowed

Bench: Shri G.S. Pannu, Vice- & Shri Challa Nagendra Prasadassessment Year: 2013-14

house property” Thus, we direct the Assessing Officer to delete the addition of Rs.2,75,520 made in the assessment order. 11 16. The last and ground no.5 of grounds of appeal of the assessee is in respect of enhancing the income by the learned CIT (Appeals) on account of loss on sale of land. We observe from the learned

DCIT, CIRCLE-7(1), DELHI vs. DLF LIMITED, DELHI

In the result, the appeal filed by the assessee stand allowed for statistical purposes

Bench: SHRI SHAMIM YAHYA, ACCOUNTANT MEMBER, SHRI SUDHIR PAREEK, JUDICIAL MEMBER | ITA NO. 674/Del/2024 | | A.YR.: 2018-19 | | DLF LIMITED, | | 9TH FLOOR, DLF CENTRE, | | SANSAD MARG, | | NEW DELHI – 110 001 | | (PAN: AAACD3494N) | | (APPELLANT) | | VS. NATIONAL FACELESS ASSESSMENT CENTRE, NEW DELHI | | (RESPONDENT) | AND | ITA NO. 712/DEL/2024 | | AY 2018-19 | | DCIT, CIRCLE 7(1), | | NEW DELHI | | ROOM NO. 404, 4TH FLOOR, | | C.R. BUILDING, | | I.P. ESTATE, NEW DELHI – 2 | | (RESPONDENT) | | VS.

house property’ to ‘income from business or profession’ and thereby making addition of Rs. 21,27,10,118/-. Accordingly, the addition of Rs. 21,27,10,118/- made by the AO is deleted.” In view of the aforesaid finding, we find that Ld. CIT(A) has given a correct finding and as submitted by the Ld. AR for the assessee

DLF LIMITED,NEW DELHI vs. NATIONAL FACELESS ASSESSMENT CENTRE, NEW DELHI

In the result, the appeal filed by the assessee stand allowed for statistical purposes

Bench: SHRI SHAMIM YAHYA, ACCOUNTANT MEMBER, SHRI SUDHIR PAREEK (Judicial Member)

house property’ to ‘income from business or profession’ and thereby making addition of Rs. 21,27,10,118/-. Accordingly, the addition of Rs. 21,27,10,118/- made by the AO is deleted.” In view of the aforesaid finding, we find that Ld. CIT(A) has given a correct finding and as submitted by the Ld. AR for the assessee

DCIT, NEW DELHI vs. FIS GLOBAL BUSINESS SOLUTION INDIA (P) LTD., NEW DELHI

In the result, both appeals of the revenue stand dismissed and both Cos are allowed as above

Bench: SHRISUDHIR KUMAR (Judicial Member), SHRI AVDHESH KUMAR MISHRA (Accountant Member)

house development etc. Thus, it was contended that this comparable was functionally dissimilar. The Ld. Counsel further submitted that thiscomparabledid not fulfil the prime condition of the filters applied by the TPO (companies whose revenue from IT enabled services was not less than 75% of total operating revenue). The Ld. Counsel took us to page 60 of the Convenience Compilation

DCIT, NEW DELHI vs. M/S. FIS GLOBAL BUSINESS SOLUTIONS INDIA PVT. LTD., NEW DELHI

In the result, both appeals of the revenue stand dismissed and both Cos are allowed as above

Bench: SHRI AVDHESH KUMAR MISHRA (Accountant Member)

house development etc. Thus, it was contended that this comparable was functionally dissimilar. The Ld. Counsel further submitted that thiscomparabledid not fulfil the prime condition of the filters applied by the TPO (companies whose revenue from IT enabled services was not less than 75% of total operating revenue). The Ld. Counsel took us to page 60 of the Convenience Compilation

VINAY CHAUDHARY,PITAMPURA vs. ACIT INT TAX 1(2)(1), DELHI

In the result, the appeal of the assesse is allowed

Bench: “Shri Ramit Kochar & Shri Raj Kumar Chauhan

house property. The DRP vide its directions dated 18.09.2023 passed u/s 144C(13) of the Act, upheld the aforesaid action of the AO, pursuant to which final assessment order dated 18.10.2023 was passed at an assessed income of Rs. 4,16,38,920/- u/s 143(3) r.w.s. 144C of the Act. The assessee has earned an LTCG

ANIL BHARDWAJ,ZAMBIA vs. DCIT-ACIT-INT-TAX GURGAON, GURGAON

In the result, the Appeal filed by the Assessee is allowed

Bench: Dr. B. R. R. Kumar & Shri Yogesh Kumar U.S.I.T.A. No. 1250/Del/2024 (A.Y 2020-21) Anil Bhardwaj Dcit/Acit 5994, Benakale Road, P. O Vs. International Tax, Box No. 31776, Northmead, Office Of Acit-Dcit Int- Near Rhodes Park School, Tax, Gurgaon Lusaka-10101, Zambia, Ny (Respondent) Pan No. Anlpb2321F (Appellant)

Section 144C(13) of the Act dated 27/04/2023 by making 4 Anil Bhardwaj Zambia addition of Rs. 20,10,008/- as short term capital gain and further disallowed Rs. 80,14,041/- u/s 54 of the Act being 50% wife’s shares in the new house property. 4. Aggrieved by the assessment order passed u/s 143(3) r.w.s 144C

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

OM PRAKASH THAKUR, NEW DELHI vs. ITO WARD 29(3), NEW DELHI

In the result, the appeal of the assessee is allowed

Bench: Shri Shamim Yahyaom Prakash Thakur, Vs. Ito, Ward 29 (3), 118/01, Govind Puri, Galli No.2, New Delhi. Opp. To Kalkaji Bust Depot, New Delhi – 110 019. (Pan : Abgpt9067R) (Appellant) (Respondent) Assessee By : Shri Tajender Khanna, Ca Revenue By : Shri Om Prakash, Sr. Dr Date Of Hearing : 08.07.2024 Date Of Order : 12.07.2024 Order This Appeal By The Assessee Is Directed Against The Order Of The Ld. Cit (Appeals)/National Faceless Appeal Centre (Nfac) Dated 17.01.2023 For The Assessment Year 2013-14. 2. Grounds Of Appeal Taken By The Assessee Read As Under :- “1. The Assessing Officer Has Erred In & (Nfac) Has Compounded The Error By Confirming The Action Of The Assessing Officer Limiting The Value Of The Deduction To Rs. 65.45 Lakh Only I.E. By Not Allowing Rs. 23.50 Lakh Which Was Paid By Assessee For Putting The House In Habitable Condition Under Section 54 Of The Income Tax Act. 2. The Assessing Officer Has Erred In & (Nf Ac) Has Compounded The Error By Not Recognizing The Fact That The Assessee Had Entered Into Two Separate Contracts With The Same Builder One For The Purchase Of Raw House Property & Second

house property and the remaining payment of Rs 23.50 Lacs was made under contract for the wooden work, glass work, POP work, Painting works, bathroom fittings & fixing works, furniture fitting and improvement of same property as per assessee specifications requirements and lifestyle from the same builder. The consideration for both contracts was made through banking channels before the registration

UNIVERSAL BUILDRISE PRIVATE LIMITED (EARLIER KNOWN AS UNIVERSAL BOOK DISTRIBUTORS PVT. LTD.),NEW DELHI vs. ITO, WARD-27(1), NEW DELHI

In the result, the appeal of the assessee is allowed

Bench: Shri R.K. Panda

house property”. In order to verify the sales, he issued notice under section 133(6) of the Income Tax Act, 1961 to M/s Faculty

PCIT-07, DELHI vs. M/S WEL INTERTRADE PVT. LTD.

House property by treating it income from business and profession.” 7. Insofar as the first two proposed questions of law [hereafter referred to as “issues”] are concerned i.e., (i) and (ii), these relate to the addition made under Section 68 of the Income Tax Act, 1961 [in short, “Act”] by the Assessing Officer [AO] and confirmed by the Commissioner

MAHAVIR TRANSMISSION LTD,NEW DELHI vs. DCIT, CENTRAL CIRCLE-25, 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

house-keeping boy and he was not there at the time when these purchases were made and he was allowed to reside at that premises only in February 2020 onwards which is much after the date when these purchases were made. 65. Similarly, with regard to the statement of Mr. Anil Chander Jain at Dehradun, the appellant company has duly

MAHAVIR TRANSMISSION LTD,NEW DELHI vs. DCIT, CENTRAL CIRCLE-25, 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

house-keeping boy and he was not there at the time when these purchases were made and he was allowed to reside at that premises only in February 2020 onwards which is much after the date when these purchases were made. 65. Similarly, with regard to the statement of Mr. Anil Chander Jain at Dehradun, the appellant company has duly

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

house-keeping boy and he was not there at the time when these purchases were made and he was allowed to reside at that premises only in February 2020 onwards which is much after the date when these purchases were made. 65. Similarly, with regard to the statement of Mr. Anil Chander Jain at Dehradun, the appellant company has duly

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

house-keeping boy and he was not there at the time when these purchases were made and he was allowed to reside at that premises only in February 2020 onwards which is much after the date when these purchases were made. 65. Similarly, with regard to the statement of Mr. Anil Chander Jain at Dehradun, the appellant company has duly

MAHAVIR TRANSMISSION LTD,NEW DELHI vs. DCIT, CENTRAL CORCLE-25, 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

house-keeping boy and he was not there at the time when these purchases were made and he was allowed to reside at that premises only in February 2020 onwards which is much after the date when these purchases were made. 65. Similarly, with regard to the statement of Mr. Anil Chander Jain at Dehradun, the appellant company has duly

MAHAVIR TRANSMISSIN LTD ,NEW DELHI vs. DCIT, CENTRAL CIRCLE-25 , 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

house-keeping boy and he was not there at the time when these purchases were made and he was allowed to reside at that premises only in February 2020 onwards which is much after the date when these purchases were made. 65. Similarly, with regard to the statement of Mr. Anil Chander Jain at Dehradun, the appellant company has duly