(Now known as Sony India Limited)

251 12 VAT paid on purchases 2,960,787 13 Sample courier charges 11,064,039 14 Gym charges 355,988 15 Sample expenses for manufacture, suppliers and trade shows. 23,396,979 16 Export forwarding and clearing expenses 3,569,537 17 Misc. Expenses 3,960,471 18 Sales incentive expenses 2,869,355 19 Warehouse running and maintenance

DCIT, CIRCLE 22(2), NEW DELHI, NEW DELHI vs. SAHIL VACHANI, DELHI

Appeal of the Revenue stands dismissed

Bench: Shri Mahavir Singh, Vice Presdient (), Shri Vikas Awasthy& Shriavdhesh Kumar Mishraआअसं.2604/िद"ी/2023(िन.व. 2016-17)

property and entering into an agreement for construction of house with the builder. 8.5 Admittedly, it is established that whenever there is a difference between the returned income and assessed income, there is an inference of concealment and Explanation 1 to Section 271(1)(c) of the Act raises a presumption which is always rebuttal. There is no quarrel about

GURPREET SINGH DHILLON,AMRITSAR vs. ACIT, CIRCLE INT. TAX. 1(2)(2), NEW DELHI

In the result, appeal of the assessee is allowed as indicated above

Bench: Shri G. S. Pannua N D Shri Challa Nagendra Prasad

251/- paid to the banks are shown at page No. 61 of the paper book. Therefore, the ld. Counsel submits that in view of the above evidences there is no justification in not allowing the interest paid on housing loan borrowed for purchase of the property, which was let out and the rental income was shown from such property under

AMIT BANSAL,HARYANA vs. ACIT, CENTRAL CIRCLE-16, DELHI

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

Bench: SHRI S.RIFAUR RAHMAN (Accountant Member), SHRI SUDHIR PAREEK (Judicial Member)

property and income from other sources. It was held that conduct of assessees in filing returns without full particulars fell within mischief of section 271(1)(c) and they would also not Amit Bansal and Suresh Chand Bansal vs. ACIT be entitled to claim benefit of exception, carved out in Explanation 5 to section 271(1

AMIT BANSAL,HARYANA vs. ACIT CENTRAL CIRCLE-16, DELHI

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

Bench: SHRI S.RIFAUR RAHMAN (Accountant Member), SHRI SUDHIR PAREEK (Judicial Member)

property and income from other sources. It was held that conduct of assessees in filing returns without full particulars fell within mischief of section 271(1)(c) and they would also not Amit Bansal and Suresh Chand Bansal vs. ACIT be entitled to claim benefit of exception, carved out in Explanation 5 to section 271(1

SURESH CHAND BANSAL,HARYANA vs. ACIT, CENTRAL CIRCLE-16 , DELHI

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

Bench: SHRI S.RIFAUR RAHMAN (Accountant Member), SHRI SUDHIR PAREEK (Judicial Member)

property and income from other sources. It was held that conduct of assessees in filing returns without full particulars fell within mischief of section 271(1)(c) and they would also not Amit Bansal and Suresh Chand Bansal vs. ACIT be entitled to claim benefit of exception, carved out in Explanation 5 to section 271(1

TUBE ROSE ESTATES PVT. LTD. ,NEW DELHI vs. ACIT, CIRCLE- 16(1), NEW DELHI

In the result ground number one – three of the appeal of the assessee are allowed

Bench: Shri Sudhanshu Srivastavaa N D Shri Prashant Maharishi(Through Video Conferencing)

section ITA 3136/Del/2018 24. Hence, the AO observed that with respect to the proportionate maintenance receipt which can be stated to have been income from the house property assessee should not be allowed further expenses for earning the aforesaid. Hence, the AO has worked out proportionate expenditure of Rs. 1,12,59,458/- (34.72% of 324,29,316). AO held

PSB INDUSTRIES INDIA PVT LTD

Appeal is dismissed

251 ITR 99]. 10. Mr. Deepak Chopra, learned counsel for the Revenue, countered the aforesaid submission. He relied upon the reasoning given by the authorities below in imposing/sustaining the penalty. He also referred to the provisions of Section 23 of the Act on the basis of which he submitted that the annual rent in the Lease Agreement was suppressed

DY. COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-I NOIDA, NOIDA vs. M/S RUDRA BUILDWELL HOMES PVT. LTD., DELHI

Accordingly, all the grounds of appeal taken by Revenue are dismissed

Bench: Shri Satbeer Singh Godara & Shri Manish Agarwaldy. Cit, M/S Rudra Buildwell Homes Central Circle-I, Private Limited, Noida-201301, Vs. D-53, Okhla, Phase-1, Uttar Pradesh. Delhi-110020. Pan-Aafcr6959P (Appellant) (Respondent) Dy. Cit, M/S Rudra Buildwell Projects Central Circle-I, Private Limited, Noida-201301, Vs. D-53, Okhla, Phase-1, Uttar Pradesh. Delhi-110020. Pan-Aaecr9589E (Appellant) (Respondent)

properties, including the project known as "Aqua Casa", along with corporate guarantees and pledges, thereby creating an enforceable security interest in favor of the lender. That as per the terms of the Facility Agreement, the repayment obligation in respect of the principal amount was to commence only after the expiry of 24 months from the respective dates of disbursement. That

DIRECTOR OF INCOME TAX

House Cooper, Sweden and, therefore, the A.O. erroneously brought to tax the impugned income of `74,02,47,865/- consisting of business income of `33,99,69,471/- and royalties of `40,02,78,394/-. The CIT(A) partly allowed this ground, and held that while no business profit can be computed in the absence of PE of the assessee

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

DCIT, NEW DELHI vs. M/S. HERO HONDA MOTORS LTD., NEW DELHI

In the result, the appeal of the Revenue is dismissed

Bench: Shri Sudhanshu Srivastava & Shri O.P. Kantassessment Year: 2005-06

251 (Mum. ITAT) - DCIT vs. Jammu and Kashmir Bank Ltd: 152 TTJ 522 (Amr. ITAT) - CIT v. Catholic Syrian Bank Ltd.:237 CTR 164/207 Taxman 2 (Kar.) 3.0.6 The Ld. AR submitted that in the present case, no expenditure was incurred to earn exempt income. The expenses debited in the profit and loss account pertained to main business activity

M/S. HERO MOTOCORP LTD.,NEW DELHI vs. ADDL. CIT, NEW DELHI

In the result, the appeal of the Revenue is dismissed

Bench: Shri Sudhanshu Srivastava & Shri O.P. Kantassessment Year: 2005-06

251 (Mum. ITAT) - DCIT vs. Jammu and Kashmir Bank Ltd: 152 TTJ 522 (Amr. ITAT) - CIT v. Catholic Syrian Bank Ltd.:237 CTR 164/207 Taxman 2 (Kar.) 3.0.6 The Ld. AR submitted that in the present case, no expenditure was incurred to earn exempt income. The expenses debited in the profit and loss account pertained to main business activity

SHARDA EDUCATIONAL TRUST ,GREATER NOIDA vs. ITO (TDS), INTERNATIONAL TAXATION, NOIDA

In the result, ITA.No.3377/Del

Bench: Shri R.K. Panda & Shri Anubhav Sharma

houses in JK, Scotland and Ireland market as and make sales calls on them as required. Mr. Naresh Sarvaria will follow up his sales calls as result of the e- mailing 62 ITA.No.3377 to 3383/Del./2018 M/s. Sharda Educational Trust, Greater Noida, Uttar Pradesh. comparing and will pass on to the Le Passage to India Tours and Travels

SHARDA EDUCATIONAL TRUST ,GREATER NOIDA vs. ITO (TDS), INTERNATIONAL TAXATION, NOIDA

In the result, ITA.No.3377/Del

Bench: Shri R.K. Panda & Shri Anubhav Sharma

houses in JK, Scotland and Ireland market as and make sales calls on them as required. Mr. Naresh Sarvaria will follow up his sales calls as result of the e- mailing 62 ITA.No.3377 to 3383/Del./2018 M/s. Sharda Educational Trust, Greater Noida, Uttar Pradesh. comparing and will pass on to the Le Passage to India Tours and Travels

SHARDA EDUCATIONAL TRUST ,GREATER NOIDA vs. ITO (TDS), INTERNATIONAL TAXATION, NOIDA

In the result, ITA.No.3377/Del

Bench: Shri R.K. Panda & Shri Anubhav Sharma

houses in JK, Scotland and Ireland market as and make sales calls on them as required. Mr. Naresh Sarvaria will follow up his sales calls as result of the e- mailing 62 ITA.No.3377 to 3383/Del./2018 M/s. Sharda Educational Trust, Greater Noida, Uttar Pradesh. comparing and will pass on to the Le Passage to India Tours and Travels

SHARDA EDUCATIONAL TRUST ,GREATER NOIDA vs. ITO (TDS), INTERNATIONAL TAXATION, NOIDA

In the result, ITA.No.3377/Del

Bench: Shri R.K. Panda & Shri Anubhav Sharma

houses in JK, Scotland and Ireland market as and make sales calls on them as required. Mr. Naresh Sarvaria will follow up his sales calls as result of the e- mailing 62 ITA.No.3377 to 3383/Del./2018 M/s. Sharda Educational Trust, Greater Noida, Uttar Pradesh. comparing and will pass on to the Le Passage to India Tours and Travels

SHARDA EDUCATIONAL TRUST ,GREATER NOIDA vs. ITO (TDS), INTERNATIONAL TAXATION, NOIDA

In the result, ITA.No.3377/Del

Bench: Shri R.K. Panda & Shri Anubhav Sharma

houses in JK, Scotland and Ireland market as and make sales calls on them as required. Mr. Naresh Sarvaria will follow up his sales calls as result of the e- mailing 62 ITA.No.3377 to 3383/Del./2018 M/s. Sharda Educational Trust, Greater Noida, Uttar Pradesh. comparing and will pass on to the Le Passage to India Tours and Travels