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

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

SHIBANI DUTTA

house property, interest and dividend. On 28.04.2000 a search was conducted under Section 132 of the Act in her residential premises at Flat No.353, Block-A, Sarita Vihar, New Delhi. The search was concluded on 20.06.2000, when the last of the authorisations for the search was executed. On 15.05.2002, an order under Section 127 of the Act was passed which

COMMISSIONER OF INCOME TAX vs. M/S ANSAL PROPERTIES & INDUSTR

Housing and Construction Ltd. The 'Note' related to tax provision in respect of the property at 27, Kasturba Gandhi Marg. The AO reproduced the said confidential 'Note' in the assessment order. It is reproduced as under: “NOTE ON TAX PROVISION - PROPERTY NO. 27, K.G. MARG, NEW DELHI. APIL was holding development rights for erecting a multi- storeyed commercial building

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

In the result, appeal of the Revenue is dismissed

Bench: Shri Satbeer Singh Godara & Shri Manish Agarwal

section 115BAA from AY 2020-21 onwards. Accordingly, the excess margins accounted for in the books of accounts of the Appellant in earlier years (as per POCM) have already been offered to tax at a higher rate of 35% and the said margins would again be taxed in the subsequent years at the time of sale of built-up units

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

In the result, appeal of the Revenue is dismissed

Bench: Shri Satbeer Singh Godara & Shri Manish Agarwal

section 115BAA from AY 2020-21 onwards. Accordingly, the excess margins accounted for in the books of accounts of the Appellant in earlier years (as per POCM) have already been offered to tax at a higher rate of 35% and the said margins would again be taxed in the subsequent years at the time of sale of built-up units

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

In the result, appeal of the Revenue is dismissed

Bench: Shri Satbeer Singh Godara & Shri Manish Agarwal

section 115BAA from AY 2020-21 onwards. Accordingly, the excess margins accounted for in the books of accounts of the Appellant in earlier years (as per POCM) have already been offered to tax at a higher rate of 35% and the said margins would again be taxed in the subsequent years at the time of sale of built-up units

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

In the result, appeal of the Revenue is dismissed

Bench: Shri Satbeer Singh Godara & Shri Manish Agarwal

section 115BAA from AY 2020-21 onwards. Accordingly, the excess margins accounted for in the books of accounts of the Appellant in earlier years (as per POCM) have already been offered to tax at a higher rate of 35% and the said margins would again be taxed in the subsequent years at the time of sale of built-up units

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

In the result, appeal of the Revenue is dismissed

Bench: Shri Satbeer Singh Godara & Shri Manish Agarwal

section 115BAA from AY 2020-21 onwards. Accordingly, the excess margins accounted for in the books of accounts of the Appellant in earlier years (as per POCM) have already been offered to tax at a higher rate of 35% and the said margins would again be taxed in the subsequent years at the time of sale of built-up units

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

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

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, 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

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