JCIT(OSD), RANGE-10, NEW DELHI , ITO C.R. BUILDING vs. RURAL ELECTRIFICATION CORPORATION LTD. , KASTURBA NAGAR

In the result, appeals filed by the revenue in the AY 2020-21 and AY\n2021-22 are dismissed

property depending on whether\nthe leasing is the doing of the business or the exploitation of the\nproperty by its owner. In the given case, the deployment of funds in\nshort term investment is part and parcel of housing finance business\nof the assessee since the idle funds are available in the regular course\nof business of housing finance

REC LIMITED,NEW DELHI vs. ACIT-10 (OSD), DELHI, NEW DELHI

property depending on whether\nthe leasing is the doing of the business or the exploitation of the\nproperty by its owner. In the given case, the deployment of funds in\nshort term investment is part and parcel of housing finance business\nof the assessee since the idle funds are available in the regular course\nof business of housing finance

JCIT(OSD), RANGE-10, NEW DELHI , CR BUILDING ITO vs. RURAL ELECTRIFICATION CORPORATION LTD. , KASTURBA NAGAR

property depending on whether\nthe leasing is the doing of the business or the exploitation of the\nproperty by its owner. In the given case, the deployment of funds in\nshort term investment is part and parcel of housing finance business\nof the assessee since the idle funds are available in the regular course\nof business of housing finance

AGILENT TECHNOLOGIES (INTERNATIONAL) PRIVATE LTD,HARYANA vs. CIRCLE 1(1), DELHI

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

house property as reported in form 26AS of the assessee. A questionnaire in this regard was issued by the AO through u/s 142(1) dated 03.02.2021. After considering the response of the assessee the AO observed as under; "On perusal of Form 26AS it is found that assessee has received rental income of Rs. 6,34,45,795/- on account

JCIT(OSD), RANGE-10, NEW DELHI , C.R. BUILDING ITO vs. RURAL ELECTRIFICATION CORPORATION LTD., KASTURBA NAGAR

property depending on whether\nthe leasing is the doing of the business or the exploitation of the\nproperty by its owner. In the given case, the deployment of funds in\nshort term investment is part and parcel of housing finance business\nof the assessee since the idle funds are available in the regular course\nof business of housing finance

JCIT(OSD), RANGE-10, NEW DELHI , C.R. BUILDING ITO vs. RURAL ELECTRIFICATION CORPORATION LTD. , KASTURBA NAGAR

In the result, appeals filed by the revenue in the AY 2020-21 and AY\n2021-22 are dismissed

property depending on whether\nthe leasing is the doing of the business or the exploitation of the\nproperty by its owner. In the given case, the deployment of funds in\nshort term investment is part and parcel of housing finance business\nof the assessee since the idle funds are available in the regular course\nof business of housing finance

MAX NEW YORK LIFE INSURANCE COMPANY LTD.,GURGAON vs. DCIT, CIRCLE- 1, LTU, NEW DELHI

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

Bench: Shri Bhavnesh Saini & Shri Prashant Maharishimax New York Life Insurance Vs. Dcit, Company Ltd, Circle-1, Ltu, New Delhi Plot No. 90A, Sector-18, Udyog Vihar, Haryana (Appellant) (Respondent)

house properties", "capital gain" or "Income from other sources" or in section 199 or in sections 28 to 43B and requires that the profit and gains of any business of insurance has to be computed in accordance with the rules contained in the First Schedule. Section 28 to 43B are applied when the income is computed under the head "Income

PATANJALI YOGPEETH (NYAS),DELHI vs. ADIT(EXEMPTION), NEW DELHI

Appeal is allowed

Bench: Shri I.C. Sudhir & Shri L. P. Sahu

house) was also maintained by the trust, to take care of stay of visitors /travelers who come to visit the Ashram for their great respect for Gandhiji and his philosophy. However nominal rates were charged from such visitors/travelers for providing accommodation facilities. The assesse was, however, for the assessment year 2009-10, denied renewal of registration under section 80G

MAX LIFE INSURANCE COMPANY LTD.,GURGAON vs. DCIT, CIRCLE- 1, LTU, NEW DELHI

In the result ITA No. 4384 and 4385/del/2019 are allowed and ITA numbers 4633 to 4636 /Del/ 2019 are dismissed

Bench: Shri G.S. Pannu & Shri K. Narasimha Chary

80G certificates issued by the donee to the assessee. Assessing officer was directed to verify the details in accordance with law and if found proper, to grant deduction. 7. This factual position has not been controverted by the Ld. DR and no decision to the contrary is brought to our notice. Facts being identical, and the view taken

DCIT, CIRCLE- 1, LTU, NEW DELHI vs. MAX LIFE INSURANCE COMPANY LTD., GURGAON

In the result ITA No. 4384 and 4385/del/2019 are allowed and ITA numbers 4633 to 4636 /Del/ 2019 are dismissed

Bench: Shri G.S. Pannu & Shri K. Narasimha Chary

80G certificates issued by the donee to the assessee. Assessing officer was directed to verify the details in accordance with law and if found proper, to grant deduction. 7. This factual position has not been controverted by the Ld. DR and no decision to the contrary is brought to our notice. Facts being identical, and the view taken

MICROSOFT INDIA (R&D) PVT. LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, the appeal of the Revenue is dismissed and that of the assessee is partly allowed for statistical purposes

Bench: Shri N. K. Billaiya & Ms Suchitra Kamble

House Property’ instead of ‘Income from Other Sources’ completely disregarding the provisions of Section 56 of the Act and Hon’ble Jurisdictional High Court Judgment in the case of Garq Dyeing & Processing Industries vs. ACIT (2012) (ITA 319/2012) (Del) (Departmental SLP has been dismissed by Supreme Court). 15.1 That on the facts

GREAT EASTERN EXPORTS vs. ASSISTANT COMMISSIONER OF INCOME TAX

Bench: CASES PERTAINING TO SPL.DIVISION BENCHES

80G or [section 80GGA or section 80GGC] or section 80HH or section 80HHA or section 80HHB or section 80HHC or section 80HHD or section 80-I or section 80-IA [or section 80-IB] [or section 80-IC] [or section 80-ID or section 80-IE] or section 80J or section 80JJ, no deduction under the same section shall

MUKUT BEHARI LAL BHARGAVA,GURGAON vs. ACIT, CIRCLE(2)1, GURGAON

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

Bench: Shri Satbeer Singh Godara & Shri Manish Agarwalmukut Behari Lal Bhargava, Acit, Lcg 05, 04B Laburnum Complex, Circle-2(1), 1 4Th Floor, Sushant Lok 1, Vs. Gurgaon. Block-A, Sector-28 Haryana-122009. Pan-Adipb9356P (Appellant) (Respondent) Assessee By None Department By Shri Pradumna Kumar Singh, Sr. Dr Date Of Hearing 03.09.2025 Date Of Pronouncement 26.11.2025 O R D E R Per Manish Agarwal, Am: This Appeal Is Filed By The Assessee Against The Order Of The Ld. Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre (Nfac), Delhi [Cit(A) In Short] In Appeal No. Cit(A), Gurugaon-1/10738/2018-19 Dated 05.02.2025 Passed U/S 250 Of The Income Tax Act, 1961 (The Act, In Short) For Assessment Year 2016-17. 2. Brief Facts Of The Case Are That The Assessee Is An Individual & Filed Its Return Of Income Declaring Total Income Of Rs.1,20,41,040/-. The Case Of The Assessee Was Selected For Limited Scrutiny & During The Course Of Assessment Proceedings, The Assessing Officer Has Issued Various Notices Which Were Replied By The Assessee. Mukut Behari Lal Bhargava Vs. Acit 3. Thereafter, The Assessment Order Was Passed At A Total Income Of Rs.1,79,36,182/- By Making Disallowance On Account Of Expenses Claimed On Costs Of Improvement Of Capital Asset, Disallowance Of Carry Forward Of Short Term Capital Gains & Long Term Capital Loss & Also Denied The Deduction Claimed U/S 80G Of The Act.

house property could not be allowed as deduction. In view of these facts, we hereby direct the AO to allow the cost of improvement as claimed by the assessee. Accordingly, Ground of appeal No.1 of the assessee is allowed. 7. Ground of appeal No. 2 is with respect to the disallowance of brought forward capital loss

THE MANAGING COMMITTEE,DELHI vs. PR. CIT (EXEMPTIONS), NEW DELHI

In the result, appeal of the assessee is allowed

Bench: Shri N.K Saini & Shri Kuldip Singh

section 80G of the Income Tax Act, 1961. 2. The impugned order passed by the Ld. PCIT is against the facts of the case as well as law. 3. The observations made in the impugned order by the Ld. PCIT are against the facts of the case as well as law.” 3. Briefly stated the facts necessary for adjudication

THE MANAGING COMMITTEE AMINIA MUSLIM GIRLS SCHOOL,DELHI vs. PR. CIT (EXEMPTIONS), NEW DELHI

In the result, appeal of the assessee is allowed

Bench: Shri N.K Saini & Shri Kuldip Singh

section 80G of the Income Tax Act, 1961. 2. The impugned order passed by the Ld. PCIT is against the facts of the case as well as law. 3. The observations made in the impugned order by the Ld. PCIT are against the facts of the case as well as law.” 3. Briefly stated the facts necessary for adjudication

HARI OM SEWA DAL,ROHTAK vs. CIT (EXEMPTIONS), CHANDIGARH

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

Bench: Sh. Inturi Rama Rao & Ms. Suchitra Kamble, Judicia Member

housing, agriculture and animal husbandry and engineering sources. 20. To take up programmes for ensuring protection of environment and for regeneration of natural resources degraded due to past neglects. 21. Promotion and extension of appropriate technology including systems having renewable sources of energy. 22. To take up programmes in which science and technology may have major role in improving life

NIIT FOUNDATION,NEW DELHI vs. CIT(E), NEW DELHI

In the result, the appeal of the assessee is allowed

Bench: Shri Prashant Maharishi & Shri K.N.Charyniit Foundation, Vs. Cit(E), Plot No. 8, Balaji Estate, New Delhi Sudarshan Munjal Marg, Kalkaji, New Delhi Pan: Aacan3951E (Appellant) (Respondent)

80G (5)(vi) of the Income Tax Act, 1961 vide order no. DlT(E)/2007-08/N- 845/136 dated 07.03.2008. As per the assessee, it is a society registered on 01st December 2004 under the Societies Registration Act, 1860 with the main object promote, support and strengthen education, research, and training of Information Technology and its application in all fields of activity

VISHWA NATH & SANTOSH BAKSHI CHARITABLE EDUCATIONAL TRUST,NEW DELHI vs. CIT(E), NEW DELHI

In the result, the appeal of the assessee is allowed

Bench: Shri Amit Shukla & Shri B.R.R. Kumari.T.A. No.8498/Del/2019

80G of the Act. In response, the Appellant Trust filed a copy of the Trust Deed and the financial statements for the years 2017-18 and 2018-19 with a note on its activities. The CIT(E) vide notice dated 17.09.2019 asked the Trust to provide provisional financial statement for the year 2019-20 also along with details