M/S WEL INTERTRADE PVT. LTD.,,NEW DELHI vs. DCIT, NEW DELHI

In the result, the appeal of the assessee is allowed

Bench: Shri N.K. Billaiya & Shri Amit Shukla

house property. 5. That the learned CIT(A) has erred in upholding the order of assessment in treating the profit arising from the sale of flats as short term capital gain as against business income offered by the assessee failing to appreciate that the assessee had been since engaged in the Real Estate and was trading in the Real Estate

Commissioner of Income Tax XIII

244A of the Act. Penalty proceedings under Section 271(1)(c) were also initiated. Of course, the assessee would be liable to pay interest on late deposit of TDS or penalty for the same. 12. Naresh Kumar, the respondent assessee succeeded in the first appeal and has succeeded before the Tribunal. 13. Failure to deduct or pay TDS results

ESS DISTRIBUTION MAURITIUS S.N.C. ET COMPAGNIE,MAURITIUS vs. DDIT, NEW DELHI

Bench: Shri G.S. Pannu, Hon’Ble & Shri Saktijit Deyassessment Year: 2003-04 & Assessment Year: 2004-05 Ess Distribution (Mauritius) Vs. Ddit, Snc Et Compagnie, Circle-1(2), 605, St. James Court, International Taxation, St. Denies Street Port Louis, New Delhi Mauritius Pan :Aabfe6800F (Appellant) (Respondent) & Assessment Year: 2009-10 & Assessment Year: 2011-12 & Assessment Year: 2012-13 & Assessment Year: 2012-13 & Assessment Year: 2014-15 Ess Distribution (Mauritius) Vs. Adit/Dcit/Acit, Snc Et Compagnie, Range - 1, 5Th Floor, Ebene Esplanade, International Taxation, 24 Cyber City, Ebene, New Delhi Mauritius Pan :Aabfe6800F (Appellant) (Respondent)

House New Delhi Coopers Pvt. Ltd., Sucheta Bhawan (Gate No. 2, 2nd Floor), Vishnu Digamber Marg, New Delhi PAN :AABFE6800F (Appellant) (Respondent) And Assessment Year: 2009-10 ACIT, Vs. ESS Distribution (Mauritius) Circle-1(2)(2), SNC et Compagnie, International Taxation, 605, St. James Court, New Delhi St. Denis Street Port Louis, Mauritius PAN :AABFE6800F (Appellant) (Respondent) And Assessment Year

ESS DISTRIBUTION(MAURITIUS) S.N.C. ET COMPAGNIE,MAURITIUS vs. ADDITIONAL DIRECTOR OF INCOME TAX, NEW DELHI

Bench: Shri G.S. Pannu, Hon’Ble & Shri Saktijit Deyassessment Year: 2003-04 & Assessment Year: 2004-05 Ess Distribution (Mauritius) Vs. Ddit, Snc Et Compagnie, Circle-1(2), 605, St. James Court, International Taxation, St. Denies Street Port Louis, New Delhi Mauritius Pan :Aabfe6800F (Appellant) (Respondent) & Assessment Year: 2009-10 & Assessment Year: 2011-12 & Assessment Year: 2012-13 & Assessment Year: 2012-13 & Assessment Year: 2014-15 Ess Distribution (Mauritius) Vs. Adit/Dcit/Acit, Snc Et Compagnie, Range - 1, 5Th Floor, Ebene Esplanade, International Taxation, 24 Cyber City, Ebene, New Delhi Mauritius Pan :Aabfe6800F (Appellant) (Respondent)

House New Delhi Coopers Pvt. Ltd., Sucheta Bhawan (Gate No. 2, 2nd Floor), Vishnu Digamber Marg, New Delhi PAN :AABFE6800F (Appellant) (Respondent) And Assessment Year: 2009-10 ACIT, Vs. ESS Distribution (Mauritius) Circle-1(2)(2), SNC et Compagnie, International Taxation, 605, St. James Court, New Delhi St. Denis Street Port Louis, Mauritius PAN :AABFE6800F (Appellant) (Respondent) And Assessment Year

ESS DISTRIBUTION (MAURITIUS) S.N.C. ET COMPAGNIE,MAURITIUS vs. ACIT (INTERNATIONAL TAXATION), NEW DELHI

Bench: Shri G.S. Pannu, Hon’Ble & Shri Saktijit Deyassessment Year: 2003-04 & Assessment Year: 2004-05 Ess Distribution (Mauritius) Vs. Ddit, Snc Et Compagnie, Circle-1(2), 605, St. James Court, International Taxation, St. Denies Street Port Louis, New Delhi Mauritius Pan :Aabfe6800F (Appellant) (Respondent) & Assessment Year: 2009-10 & Assessment Year: 2011-12 & Assessment Year: 2012-13 & Assessment Year: 2012-13 & Assessment Year: 2014-15 Ess Distribution (Mauritius) Vs. Adit/Dcit/Acit, Snc Et Compagnie, Range - 1, 5Th Floor, Ebene Esplanade, International Taxation, 24 Cyber City, Ebene, New Delhi Mauritius Pan :Aabfe6800F (Appellant) (Respondent)

House New Delhi Coopers Pvt. Ltd., Sucheta Bhawan (Gate No. 2, 2nd Floor), Vishnu Digamber Marg, New Delhi PAN :AABFE6800F (Appellant) (Respondent) And Assessment Year: 2009-10 ACIT, Vs. ESS Distribution (Mauritius) Circle-1(2)(2), SNC et Compagnie, International Taxation, 605, St. James Court, New Delhi St. Denis Street Port Louis, Mauritius PAN :AABFE6800F (Appellant) (Respondent) And Assessment Year

ACIT (INTERNATIONAL TAXATION), NEW DELHI vs. M/S ESS DISTRIBUTION (MAURITIUS) SNC ET. COMPQAGNIE, MAURITIUS

Bench: Shri G.S. Pannu, Hon’Ble & Shri Saktijit Deyassessment Year: 2003-04 & Assessment Year: 2004-05 Ess Distribution (Mauritius) Vs. Ddit, Snc Et Compagnie, Circle-1(2), 605, St. James Court, International Taxation, St. Denies Street Port Louis, New Delhi Mauritius Pan :Aabfe6800F (Appellant) (Respondent) & Assessment Year: 2009-10 & Assessment Year: 2011-12 & Assessment Year: 2012-13 & Assessment Year: 2012-13 & Assessment Year: 2014-15 Ess Distribution (Mauritius) Vs. Adit/Dcit/Acit, Snc Et Compagnie, Range - 1, 5Th Floor, Ebene Esplanade, International Taxation, 24 Cyber City, Ebene, New Delhi Mauritius Pan :Aabfe6800F (Appellant) (Respondent)

House New Delhi Coopers Pvt. Ltd., Sucheta Bhawan (Gate No. 2, 2nd Floor), Vishnu Digamber Marg, New Delhi PAN :AABFE6800F (Appellant) (Respondent) And Assessment Year: 2009-10 ACIT, Vs. ESS Distribution (Mauritius) Circle-1(2)(2), SNC et Compagnie, International Taxation, 605, St. James Court, New Delhi St. Denis Street Port Louis, Mauritius PAN :AABFE6800F (Appellant) (Respondent) And Assessment Year

ACIT (INTERNATIONAL TAXATION), NEW DELHI vs. M/S ESS DISTRIBUTION (MAURITIUS) SNC ET. COMPQAGNIE, MAURITIUS

Bench: Shri G.S. Pannu, Hon’Ble & Shri Saktijit Deyassessment Year: 2003-04 & Assessment Year: 2004-05 Ess Distribution (Mauritius) Vs. Ddit, Snc Et Compagnie, Circle-1(2), 605, St. James Court, International Taxation, St. Denies Street Port Louis, New Delhi Mauritius Pan :Aabfe6800F (Appellant) (Respondent) & Assessment Year: 2009-10 & Assessment Year: 2011-12 & Assessment Year: 2012-13 & Assessment Year: 2012-13 & Assessment Year: 2014-15 Ess Distribution (Mauritius) Vs. Adit/Dcit/Acit, Snc Et Compagnie, Range - 1, 5Th Floor, Ebene Esplanade, International Taxation, 24 Cyber City, Ebene, New Delhi Mauritius Pan :Aabfe6800F (Appellant) (Respondent)

House New Delhi Coopers Pvt. Ltd., Sucheta Bhawan (Gate No. 2, 2nd Floor), Vishnu Digamber Marg, New Delhi PAN :AABFE6800F (Appellant) (Respondent) And Assessment Year: 2009-10 ACIT, Vs. ESS Distribution (Mauritius) Circle-1(2)(2), SNC et Compagnie, International Taxation, 605, St. James Court, New Delhi St. Denis Street Port Louis, Mauritius PAN :AABFE6800F (Appellant) (Respondent) And Assessment Year

ACIT (INTERNATIONAL TAXATION), NEW DELHI vs. M/S. ESS DISTRIBUTION (MAURITIUS) S.N.C.E.T COMPAGNIE, NEW DELHI

Bench: Shri G.S. Pannu, Hon’Ble & Shri Saktijit Deyassessment Year: 2003-04 & Assessment Year: 2004-05 Ess Distribution (Mauritius) Vs. Ddit, Snc Et Compagnie, Circle-1(2), 605, St. James Court, International Taxation, St. Denies Street Port Louis, New Delhi Mauritius Pan :Aabfe6800F (Appellant) (Respondent) & Assessment Year: 2009-10 & Assessment Year: 2011-12 & Assessment Year: 2012-13 & Assessment Year: 2012-13 & Assessment Year: 2014-15 Ess Distribution (Mauritius) Vs. Adit/Dcit/Acit, Snc Et Compagnie, Range - 1, 5Th Floor, Ebene Esplanade, International Taxation, 24 Cyber City, Ebene, New Delhi Mauritius Pan :Aabfe6800F (Appellant) (Respondent)

House New Delhi Coopers Pvt. Ltd., Sucheta Bhawan (Gate No. 2, 2nd Floor), Vishnu Digamber Marg, New Delhi PAN :AABFE6800F (Appellant) (Respondent) And Assessment Year: 2009-10 ACIT, Vs. ESS Distribution (Mauritius) Circle-1(2)(2), SNC et Compagnie, International Taxation, 605, St. James Court, New Delhi St. Denis Street Port Louis, Mauritius PAN :AABFE6800F (Appellant) (Respondent) And Assessment Year

ESS DISTRIBUTION (MAURITIUS) S.N.C. ET COMPAGNIE,MAURITIUS vs. DCIT (INTERNATIONAL TAXATION), NEW DELHI

Bench: Shri G.S. Pannu, Hon’Ble & Shri Saktijit Deyassessment Year: 2003-04 & Assessment Year: 2004-05 Ess Distribution (Mauritius) Vs. Ddit, Snc Et Compagnie, Circle-1(2), 605, St. James Court, International Taxation, St. Denies Street Port Louis, New Delhi Mauritius Pan :Aabfe6800F (Appellant) (Respondent) & Assessment Year: 2009-10 & Assessment Year: 2011-12 & Assessment Year: 2012-13 & Assessment Year: 2012-13 & Assessment Year: 2014-15 Ess Distribution (Mauritius) Vs. Adit/Dcit/Acit, Snc Et Compagnie, Range - 1, 5Th Floor, Ebene Esplanade, International Taxation, 24 Cyber City, Ebene, New Delhi Mauritius Pan :Aabfe6800F (Appellant) (Respondent)

House New Delhi Coopers Pvt. Ltd., Sucheta Bhawan (Gate No. 2, 2nd Floor), Vishnu Digamber Marg, New Delhi PAN :AABFE6800F (Appellant) (Respondent) And Assessment Year: 2009-10 ACIT, Vs. ESS Distribution (Mauritius) Circle-1(2)(2), SNC et Compagnie, International Taxation, 605, St. James Court, New Delhi St. Denis Street Port Louis, Mauritius PAN :AABFE6800F (Appellant) (Respondent) And Assessment Year

ESS DISTRIBUTION (MAURITIUS) S.N.C. ET COMPAGNIE,MAURITIUS vs. ACIT (INTERNATIONAL TAXATION), CIRCLE-1(2)(2), NEW DELHI

Bench: Shri G.S. Pannu, Hon’Ble & Shri Saktijit Deyassessment Year: 2003-04 & Assessment Year: 2004-05 Ess Distribution (Mauritius) Vs. Ddit, Snc Et Compagnie, Circle-1(2), 605, St. James Court, International Taxation, St. Denies Street Port Louis, New Delhi Mauritius Pan :Aabfe6800F (Appellant) (Respondent) & Assessment Year: 2009-10 & Assessment Year: 2011-12 & Assessment Year: 2012-13 & Assessment Year: 2012-13 & Assessment Year: 2014-15 Ess Distribution (Mauritius) Vs. Adit/Dcit/Acit, Snc Et Compagnie, Range - 1, 5Th Floor, Ebene Esplanade, International Taxation, 24 Cyber City, Ebene, New Delhi Mauritius Pan :Aabfe6800F (Appellant) (Respondent)

House New Delhi Coopers Pvt. Ltd., Sucheta Bhawan (Gate No. 2, 2nd Floor), Vishnu Digamber Marg, New Delhi PAN :AABFE6800F (Appellant) (Respondent) And Assessment Year: 2009-10 ACIT, Vs. ESS Distribution (Mauritius) Circle-1(2)(2), SNC et Compagnie, International Taxation, 605, St. James Court, New Delhi St. Denis Street Port Louis, Mauritius PAN :AABFE6800F (Appellant) (Respondent) And Assessment Year

ACIT (INTERNATIONAL TAXATION), CIRCLE-1(2)(2), NEW DELHI vs. ESS DISTRIBUTION (MAURITIUS) S.N.C. ET COMPAGNIE, MAURITIUS

Bench: Shri G.S. Pannu, Hon’Ble & Shri Saktijit Deyassessment Year: 2003-04 & Assessment Year: 2004-05 Ess Distribution (Mauritius) Vs. Ddit, Snc Et Compagnie, Circle-1(2), 605, St. James Court, International Taxation, St. Denies Street Port Louis, New Delhi Mauritius Pan :Aabfe6800F (Appellant) (Respondent) & Assessment Year: 2009-10 & Assessment Year: 2011-12 & Assessment Year: 2012-13 & Assessment Year: 2012-13 & Assessment Year: 2014-15 Ess Distribution (Mauritius) Vs. Adit/Dcit/Acit, Snc Et Compagnie, Range - 1, 5Th Floor, Ebene Esplanade, International Taxation, 24 Cyber City, Ebene, New Delhi Mauritius Pan :Aabfe6800F (Appellant) (Respondent)

House New Delhi Coopers Pvt. Ltd., Sucheta Bhawan (Gate No. 2, 2nd Floor), Vishnu Digamber Marg, New Delhi PAN :AABFE6800F (Appellant) (Respondent) And Assessment Year: 2009-10 ACIT, Vs. ESS Distribution (Mauritius) Circle-1(2)(2), SNC et Compagnie, International Taxation, 605, St. James Court, New Delhi St. Denis Street Port Louis, Mauritius PAN :AABFE6800F (Appellant) (Respondent) And Assessment Year

ESS DISTRIBUTION (MAURITIUS) S.N.C. ET COMPAGNIE,MAURITIUS vs. ACIT (INTERNATIONAL TAXATION), CIRCLE-1(2)(2), NEW DELHI

Bench: Shri G.S. Pannu, Hon’Ble & Shri Saktijit Deyassessment Year: 2003-04 & Assessment Year: 2004-05 Ess Distribution (Mauritius) Vs. Ddit, Snc Et Compagnie, Circle-1(2), 605, St. James Court, International Taxation, St. Denies Street Port Louis, New Delhi Mauritius Pan :Aabfe6800F (Appellant) (Respondent) & Assessment Year: 2009-10 & Assessment Year: 2011-12 & Assessment Year: 2012-13 & Assessment Year: 2012-13 & Assessment Year: 2014-15 Ess Distribution (Mauritius) Vs. Adit/Dcit/Acit, Snc Et Compagnie, Range - 1, 5Th Floor, Ebene Esplanade, International Taxation, 24 Cyber City, Ebene, New Delhi Mauritius Pan :Aabfe6800F (Appellant) (Respondent)

House New Delhi Coopers Pvt. Ltd., Sucheta Bhawan (Gate No. 2, 2nd Floor), Vishnu Digamber Marg, New Delhi PAN :AABFE6800F (Appellant) (Respondent) And Assessment Year: 2009-10 ACIT, Vs. ESS Distribution (Mauritius) Circle-1(2)(2), SNC et Compagnie, International Taxation, 605, St. James Court, New Delhi St. Denis Street Port Louis, Mauritius PAN :AABFE6800F (Appellant) (Respondent) And Assessment Year

ACIT (INTERNATIONAL TAXATION), CIRCLE-1(2)(2), NEW DELHI vs. ESS DISTRIBUTION (MAURITIUS) SNC ETT COMPAGNIE , MAURITIUS

Bench: Shri G.S. Pannu, Hon’Ble & Shri Saktijit Deyassessment Year: 2003-04 & Assessment Year: 2004-05 Ess Distribution (Mauritius) Vs. Ddit, Snc Et Compagnie, Circle-1(2), 605, St. James Court, International Taxation, St. Denies Street Port Louis, New Delhi Mauritius Pan :Aabfe6800F (Appellant) (Respondent) & Assessment Year: 2009-10 & Assessment Year: 2011-12 & Assessment Year: 2012-13 & Assessment Year: 2012-13 & Assessment Year: 2014-15 Ess Distribution (Mauritius) Vs. Adit/Dcit/Acit, Snc Et Compagnie, Range - 1, 5Th Floor, Ebene Esplanade, International Taxation, 24 Cyber City, Ebene, New Delhi Mauritius Pan :Aabfe6800F (Appellant) (Respondent)

House New Delhi Coopers Pvt. Ltd., Sucheta Bhawan (Gate No. 2, 2nd Floor), Vishnu Digamber Marg, New Delhi PAN :AABFE6800F (Appellant) (Respondent) And Assessment Year: 2009-10 ACIT, Vs. ESS Distribution (Mauritius) Circle-1(2)(2), SNC et Compagnie, International Taxation, 605, St. James Court, New Delhi St. Denis Street Port Louis, Mauritius PAN :AABFE6800F (Appellant) (Respondent) And Assessment Year

DCIT, NEW DELHI vs. M/S. ESS DISTRIBUTION (MAURITIUS),, NEW DELHI

Bench: Shri G.S. Pannu, Hon’Ble & Shri Saktijit Deyassessment Year: 2003-04 & Assessment Year: 2004-05 Ess Distribution (Mauritius) Vs. Ddit, Snc Et Compagnie, Circle-1(2), 605, St. James Court, International Taxation, St. Denies Street Port Louis, New Delhi Mauritius Pan :Aabfe6800F (Appellant) (Respondent) & Assessment Year: 2009-10 & Assessment Year: 2011-12 & Assessment Year: 2012-13 & Assessment Year: 2012-13 & Assessment Year: 2014-15 Ess Distribution (Mauritius) Vs. Adit/Dcit/Acit, Snc Et Compagnie, Range - 1, 5Th Floor, Ebene Esplanade, International Taxation, 24 Cyber City, Ebene, New Delhi Mauritius Pan :Aabfe6800F (Appellant) (Respondent)

House New Delhi Coopers Pvt. Ltd., Sucheta Bhawan (Gate No. 2, 2nd Floor), Vishnu Digamber Marg, New Delhi PAN :AABFE6800F (Appellant) (Respondent) And Assessment Year: 2009-10 ACIT, Vs. ESS Distribution (Mauritius) Circle-1(2)(2), SNC et Compagnie, International Taxation, 605, St. James Court, New Delhi St. Denis Street Port Louis, Mauritius PAN :AABFE6800F (Appellant) (Respondent) And Assessment Year

DCIT, NEW DELHI vs. M/S. ESS DISTRIBUTION (MAURITIUS),, NEW DELHI

Bench: Shri G.S. Pannu, Hon’Ble & Shri Saktijit Deyassessment Year: 2003-04 & Assessment Year: 2004-05 Ess Distribution (Mauritius) Vs. Ddit, Snc Et Compagnie, Circle-1(2), 605, St. James Court, International Taxation, St. Denies Street Port Louis, New Delhi Mauritius Pan :Aabfe6800F (Appellant) (Respondent) & Assessment Year: 2009-10 & Assessment Year: 2011-12 & Assessment Year: 2012-13 & Assessment Year: 2012-13 & Assessment Year: 2014-15 Ess Distribution (Mauritius) Vs. Adit/Dcit/Acit, Snc Et Compagnie, Range - 1, 5Th Floor, Ebene Esplanade, International Taxation, 24 Cyber City, Ebene, New Delhi Mauritius Pan :Aabfe6800F (Appellant) (Respondent)

House New Delhi Coopers Pvt. Ltd., Sucheta Bhawan (Gate No. 2, 2nd Floor), Vishnu Digamber Marg, New Delhi PAN :AABFE6800F (Appellant) (Respondent) And Assessment Year: 2009-10 ACIT, Vs. ESS Distribution (Mauritius) Circle-1(2)(2), SNC et Compagnie, International Taxation, 605, St. James Court, New Delhi St. Denis Street Port Louis, Mauritius PAN :AABFE6800F (Appellant) (Respondent) And Assessment Year

ESS DISTRIBUTION MAURITIUS S.N.C. ET COMPAGNIE,MAURITIUS vs. DDIT, NEW DELHI

Bench: Shri G.S. Pannu, Hon’Ble & Shri Saktijit Deyassessment Year: 2003-04 & Assessment Year: 2004-05 Ess Distribution (Mauritius) Vs. Ddit, Snc Et Compagnie, Circle-1(2), 605, St. James Court, International Taxation, St. Denies Street Port Louis, New Delhi Mauritius Pan :Aabfe6800F (Appellant) (Respondent) & Assessment Year: 2009-10 & Assessment Year: 2011-12 & Assessment Year: 2012-13 & Assessment Year: 2012-13 & Assessment Year: 2014-15 Ess Distribution (Mauritius) Vs. Adit/Dcit/Acit, Snc Et Compagnie, Range - 1, 5Th Floor, Ebene Esplanade, International Taxation, 24 Cyber City, Ebene, New Delhi Mauritius Pan :Aabfe6800F (Appellant) (Respondent)

House New Delhi Coopers Pvt. Ltd., Sucheta Bhawan (Gate No. 2, 2nd Floor), Vishnu Digamber Marg, New Delhi PAN :AABFE6800F (Appellant) (Respondent) And Assessment Year: 2009-10 ACIT, Vs. ESS Distribution (Mauritius) Circle-1(2)(2), SNC et Compagnie, International Taxation, 605, St. James Court, New Delhi St. Denis Street Port Louis, Mauritius PAN :AABFE6800F (Appellant) (Respondent) And Assessment Year

BESTO ELECTRONICS PVT. LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, the appeal of the assessee is allowed

Bench: Sh. C. M. Gargdr. B. R. R. Kumar

house property the income was determined u/s 22 for the relevant assessment year 2001-02 at Rs.1,01,95,028/- the difference being on account of rent received in advance to be adjusted in period subsequent to assessment year 2001-02. Accordingly, as against tax deducted at source of Rs.54,23,068/- the assessee was allowed credit

M/S. MIRA EXIM LTD.,NEW DELHI vs. ADDL. CIT, NEW DELHI

In the result, the appeal of the assessee is partly allowed

Bench: Shri Kul Bharat & Dr.B.R.R.Kumar

section 40(a)(i) is not applicable and the disallowance of Rs.55,14,741/- is liable to be deleted. 4. That Ld CIT(A) has erred in confirming the disallowance of Rs.87,18,393/- out of interest paid on account of notional interest on interest free advances given to related party against purchase of guest house property. The advance

M/S. MIRA EXIM LTD.,NEW DELHI vs. ADDL. CIT, NEW DELHI

In the result, the appeal of the assessee is partly allowed

Bench: Shri Kul Bharat & Dr.B.R.R.Kumar

section 40(a)(i) is not applicable and the disallowance of Rs.55,14,741/- is liable to be deleted. 4. That Ld CIT(A) has erred in confirming the disallowance of Rs.87,18,393/- out of interest paid on account of notional interest on interest free advances given to related party against purchase of guest house property. The advance