DCIT, NEW DELHI vs. M/S. OMAXE BUILDHOME (P) LTD., NEW DELHI

Bench: Shri I.C. Sudhir & Shri Laxmi Prasad Sahu Assessment Year : 2008-09 Deputy Cit, Vs. M/S. Omaxe Ltd., Central Circle-4, 7-Lsc, Omaxe House, New Delhi. Kalkaji, New Delhi. (Pan: Aaaco0171H) (Appellant) (Respondent) Assessment Year: 2008-09 M/S. Omaxe Ltd., Vs. Deputy Cit, 7-Lsc, Omaxe House, Central Circle-4, Kalkaji, New Delhi. New Delhi. (Pan: Aaaco0171H) (Appellant) (Respondent)

Properties f20J2} 206 Taxman 584/ 19 taxmann. Cam 316, which was decided by the Bombay High Court on similar lines as in the assessee's case before us. A perusal of above Judgment, it clearly reveals that hon'able High Court has taken and interpreted the definition of housing project u/s 80HHA to arrived at the concept of composite housing

THE KUMAR FAMILY TRUST,DELHI vs. ACIT, CENTRAL CIRCLE-4, DELHI

In the result, appeal for AYs 2013-14 & 2014-15 are unabated and assessments are set aside due to no incriminating material found during the search and the appeals for the said assessment years are...

Bench: Shri S. Rifaur Rahman & Shri Sudhir Kumar, Judicialmember

158) (Mumbai) - In view of the above the appellant submits that even in the alternate the 3.7 annual value of the property has to be assessed at ‘NIL’ in terms of Section 23(l)(c) of the Act. 4. Ground No. 3 of AYs 2014-15 to 2016-17 and Ground

THE KUMAR FAMILY TRUST,DELHI vs. ACIT, CENTRAL CIRCLE-4, DELHI

In the result, appeal for AYs 2013-14 & 2014-15 are unabated and assessments are set aside due to no incriminating material found during the search and the appeals for the said assessment years are...

Bench: Shri S. Rifaur Rahman & Shri Sudhir Kumar, Judicialmember

158) (Mumbai) - In view of the above the appellant submits that even in the alternate the 3.7 annual value of the property has to be assessed at ‘NIL’ in terms of Section 23(l)(c) of the Act. 4. Ground No. 3 of AYs 2014-15 to 2016-17 and Ground

THE KUMAR FAMILY TRUST,DELHI vs. ACIT, CENTER CIRCLE-4, DELHI

In the result, appeal for AYs 2013-14 & 2014-15 are unabated and assessments are set aside due to no incriminating material found during the search and the appeals for the said assessment years are...

Bench: Shri S. Rifaur Rahman & Shri Sudhir Kumar, Judicialmember

158) (Mumbai) - In view of the above the appellant submits that even in the alternate the 3.7 annual value of the property has to be assessed at ‘NIL’ in terms of Section 23(l)(c) of the Act. 4. Ground No. 3 of AYs 2014-15 to 2016-17 and Ground

THE KUMAR FAMILY TRUST,DELHI vs. ACIT, CENTRAL CIRCLE-4, NEW DELHI

In the result, appeal for AYs 2013-14 & 2014-15 are unabated and assessments are set aside due to no incriminating material found during the search and the appeals for the said assessment years are...

Bench: Shri S. Rifaur Rahman & Shri Sudhir Kumar, Judicialmember

158) (Mumbai) - In view of the above the appellant submits that even in the alternate the 3.7 annual value of the property has to be assessed at ‘NIL’ in terms of Section 23(l)(c) of the Act. 4. Ground No. 3 of AYs 2014-15 to 2016-17 and Ground

THE KUMAR FAMILY TRUST,DELHI vs. ACIT, CENTRAL CIRCLE-4, DELHI

In the result, appeal for AYs 2013-14 & 2014-15 are unabated and assessments are set aside due to no incriminating material found during the search and the appeals for the said assessment years are...

Bench: Shri S. Rifaur Rahman & Shri Sudhir Kumar, Judicialmember

158) (Mumbai) - In view of the above the appellant submits that even in the alternate the 3.7 annual value of the property has to be assessed at ‘NIL’ in terms of Section 23(l)(c) of the Act. 4. Ground No. 3 of AYs 2014-15 to 2016-17 and Ground

THE KUMAR FAMILY TRUST,DELHI vs. ACIT, CENTRAL CIRCLE-4, NEW DELHI

In the result, appeal for AYs 2013-14 & 2014-15 are unabated and assessments are set aside due to no incriminating material found during the search and the appeals for the said assessment years are...

Bench: Shri S. Rifaur Rahman & Shri Sudhir Kumar, Judicialmember

158) (Mumbai) - In view of the above the appellant submits that even in the alternate the 3.7 annual value of the property has to be assessed at ‘NIL’ in terms of Section 23(l)(c) of the Act. 4. Ground No. 3 of AYs 2014-15 to 2016-17 and Ground

THE KUMAR FAMILY TRUST,DELHI vs. ACIT, CENTRAL CIRCLE-4, NEW DELHI

In the result, appeal for AYs 2013-14 & 2014-15 are unabated and assessments are set aside due to no incriminating material found during the search and the appeals for the said assessment years are...

Bench: Shri S. Rifaur Rahman & Shri Sudhir Kumar, Judicialmember

158) (Mumbai) - In view of the above the appellant submits that even in the alternate the 3.7 annual value of the property has to be assessed at ‘NIL’ in terms of Section 23(l)(c) of the Act. 4. Ground No. 3 of AYs 2014-15 to 2016-17 and Ground

MS. SAI ASTHA EXPORTS PVT. LTD.,,NEW DELHI vs. ITO, NEW DELHI

In the result, both the appeals filed by the assessee stand allowed

Bench: Shri H.S. Sidhu

house property for the year under consideration, we dismiss the same. iii). iii). iii). iii). CIT Vs Fabriquip (P.) Ltd., [2002] 1 CIT Vs Fabriquip (P.) Ltd., [2002] 1 CIT Vs Fabriquip (P.) Ltd., [2002] 123 Taxman 820 (Gujarat) CIT Vs Fabriquip (P.) Ltd., [2002] 1 23 Taxman 820 (Gujarat) 23 Taxman 820 (Gujarat) 23 Taxman 820 (Gujarat

MS. SAI ASTHA EXPORTS PVT. LTD.,,NEW DELHI vs. ITO, NEW DELHI

In the result, both the appeals filed by the assessee stand allowed

Bench: Shri H.S. Sidhu

house property for the year under consideration, we dismiss the same. iii). iii). iii). iii). CIT Vs Fabriquip (P.) Ltd., [2002] 1 CIT Vs Fabriquip (P.) Ltd., [2002] 1 CIT Vs Fabriquip (P.) Ltd., [2002] 123 Taxman 820 (Gujarat) CIT Vs Fabriquip (P.) Ltd., [2002] 1 23 Taxman 820 (Gujarat) 23 Taxman 820 (Gujarat) 23 Taxman 820 (Gujarat

ITO, NEW DELHI vs. M/S ANSAL HOUSING & CONSTRUCTION LTD., NEW DELHI

In the result, the cross-objection filed by the assessee is dismissed

Bench: Shri G.S.Pannu & Shri Kul Bharat[Assessment Year : 2007-08] Dcit, Vs Ansal Housing & Construction Ltd., Central Circle-20, Ugf-15, Indraprastha Building, 21, New Delhi. Barakhamba Road, New Delhi. Pan-Aaaca0377R Appellant Respondent

property shall be NIL in accordance with the provisions of section 23 (1)( c) of the Act • CIT v. Joy Jacob: 151 ITR 19 (Ker.) • Premsudha Exports (P.) Ltd. v. ACIT: 110 ITD 158 (Mum. Trib.) • Shakuntala Devi v. DDIT: 31 CCH 32 (Bang.) • Kamal Mishra v. ITO: 19 SOT 251 (Del.)(Further appeal dismissed by the High Court

THE COMMISSIONER OF INCOME TAX vs. M.S.AGGARWAL

158 BC dated 20th November, 2001, the respondent assessee filed block return for the block period on 4th January, 2002 accepting and declaring undisclosed income of Rs.86,82,110/. 11. During the course of the block assessment proceedings, the respondent/assessee vide letter dated 13th March, 2002 retracted his admission on bogus gifts, asserting that the gift of Rs.50

DCIT, NEW DELHI vs. M/S. ANSAL HOUSING & CONSTRUCTION LTD., NEW DELHI

Accordingly, the appeal of the Revenue for the assessment year 2006-07 is hereby allowed for statistical purposes

Bench: Shri S.V. Mehrotra & Shri Sudhanshu Srivastavaassessment Year : 2004-05 Ansal Housing & Construction Acit, Central Circle-20, Ltd., New Delhi. Ugf-15, Indraprakash Bldg., Vs. 21, Barakhamba Road, New Delhi. Pan : Aaaca 0377 R (Appellant) (Respondent) Assessment Year : 2005-06 Ansal Housing & Construction Acit, Central Circle-20, Ltd., New Delhi. Ugf-15, Indraprakash Bldg., Vs. 21, Barakhamba Road, New Delhi. Pan : Aaaca 0377 R (Appellant) (Respondent) Assessment Year : 2005-06 Acit, Central Circle-20, Ansal Housing & Construction New Delhi. Ltd., Ugf-15, Indraprakash Bldg., Vs. 21, Barakhamba Road, New Delhi. Pan : Aaaca 0377 R (Appellant) (Respondent)

house property. He further pointed out that this view has been reiterated by the Hon’ble Supreme Court in the recent decision of Rayala Corporation (P.) Ltd. vs. ACIT in Civil Appeal Nos.6437 to 6441 of 2016. However, ld. counsel fairly pointed out that the Hon’ble Delhi High Court, by order dated 26th July, 2016, passed in the assessee

ANSAL HOUSING & CONSTRUCTION LTD,NEW DELHI vs. ACIT CC-20, NEW DELHI

Accordingly, the appeal of the Revenue for the assessment year 2006-07 is hereby allowed for statistical purposes

Bench: Shri S.V. Mehrotra & Shri Sudhanshu Srivastavaassessment Year : 2004-05 Ansal Housing & Construction Acit, Central Circle-20, Ltd., New Delhi. Ugf-15, Indraprakash Bldg., Vs. 21, Barakhamba Road, New Delhi. Pan : Aaaca 0377 R (Appellant) (Respondent) Assessment Year : 2005-06 Ansal Housing & Construction Acit, Central Circle-20, Ltd., New Delhi. Ugf-15, Indraprakash Bldg., Vs. 21, Barakhamba Road, New Delhi. Pan : Aaaca 0377 R (Appellant) (Respondent) Assessment Year : 2005-06 Acit, Central Circle-20, Ansal Housing & Construction New Delhi. Ltd., Ugf-15, Indraprakash Bldg., Vs. 21, Barakhamba Road, New Delhi. Pan : Aaaca 0377 R (Appellant) (Respondent)

house property. He further pointed out that this view has been reiterated by the Hon’ble Supreme Court in the recent decision of Rayala Corporation (P.) Ltd. vs. ACIT in Civil Appeal Nos.6437 to 6441 of 2016. However, ld. counsel fairly pointed out that the Hon’ble Delhi High Court, by order dated 26th July, 2016, passed in the assessee

ANSAL HOUSING & CONSTRUCTION LTD,NEW DELHI vs. ACIT, NEW DELHI

Accordingly, the appeal of the Revenue for the assessment year 2006-07 is hereby allowed for statistical purposes

Bench: Shri S.V. Mehrotra & Shri Sudhanshu Srivastavaassessment Year : 2004-05 Ansal Housing & Construction Acit, Central Circle-20, Ltd., New Delhi. Ugf-15, Indraprakash Bldg., Vs. 21, Barakhamba Road, New Delhi. Pan : Aaaca 0377 R (Appellant) (Respondent) Assessment Year : 2005-06 Ansal Housing & Construction Acit, Central Circle-20, Ltd., New Delhi. Ugf-15, Indraprakash Bldg., Vs. 21, Barakhamba Road, New Delhi. Pan : Aaaca 0377 R (Appellant) (Respondent) Assessment Year : 2005-06 Acit, Central Circle-20, Ansal Housing & Construction New Delhi. Ltd., Ugf-15, Indraprakash Bldg., Vs. 21, Barakhamba Road, New Delhi. Pan : Aaaca 0377 R (Appellant) (Respondent)

house property. He further pointed out that this view has been reiterated by the Hon’ble Supreme Court in the recent decision of Rayala Corporation (P.) Ltd. vs. ACIT in Civil Appeal Nos.6437 to 6441 of 2016. However, ld. counsel fairly pointed out that the Hon’ble Delhi High Court, by order dated 26th July, 2016, passed in the assessee

THE ACIT.,, NEW DELHI vs. M/S. ANSAL HOUSING & CONSTRUCTION LTD.,, NEW DELHI

Accordingly, the appeal of the Revenue for the assessment year 2006-07 is hereby allowed for statistical purposes

Bench: Shri S.V. Mehrotra & Shri Sudhanshu Srivastavaassessment Year : 2004-05 Ansal Housing & Construction Acit, Central Circle-20, Ltd., New Delhi. Ugf-15, Indraprakash Bldg., Vs. 21, Barakhamba Road, New Delhi. Pan : Aaaca 0377 R (Appellant) (Respondent) Assessment Year : 2005-06 Ansal Housing & Construction Acit, Central Circle-20, Ltd., New Delhi. Ugf-15, Indraprakash Bldg., Vs. 21, Barakhamba Road, New Delhi. Pan : Aaaca 0377 R (Appellant) (Respondent) Assessment Year : 2005-06 Acit, Central Circle-20, Ansal Housing & Construction New Delhi. Ltd., Ugf-15, Indraprakash Bldg., Vs. 21, Barakhamba Road, New Delhi. Pan : Aaaca 0377 R (Appellant) (Respondent)

house property. He further pointed out that this view has been reiterated by the Hon’ble Supreme Court in the recent decision of Rayala Corporation (P.) Ltd. vs. ACIT in Civil Appeal Nos.6437 to 6441 of 2016. However, ld. counsel fairly pointed out that the Hon’ble Delhi High Court, by order dated 26th July, 2016, passed in the assessee

ACIT, NEW DELHI vs. M/S GAHOI BUILDWELL PVT. LTD.,, NEW DELHI

Bench: Shri Amit Shukla & Shri Prashant Maharishiita Nos. 2702, 2703, 2710/Del/2013 Assessment Years 2007-08, 2008-09 & 2009-10

house property has to be computed strictly in accordance with the items provided in section 24. Accordingly, the order of the Ld. CIT (A) is upheld and revenue’s ground No. 1 is dismissed and cross objection No. 3 as raised by the assessee is also dismissed. Share application money

ACIT, NEW DELHI vs. M/S GAHOI BUILDWELL PVT. LTD.,, NEW DELHI

Bench: Shri Amit Shukla & Shri Prashant Maharishiita Nos. 2702, 2703, 2710/Del/2013 Assessment Years 2007-08, 2008-09 & 2009-10

house property has to be computed strictly in accordance with the items provided in section 24. Accordingly, the order of the Ld. CIT (A) is upheld and revenue’s ground No. 1 is dismissed and cross objection No. 3 as raised by the assessee is also dismissed. Share application money