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

TAX (EXEMPTION) vs. ACME EDUCATIONAL SOCIETY

Appeal is dismissed but with no order as to costs

vi) investment in debentures issued by, or on behalf of, any company or corporation both the principle whereof and the interest whereon are fully and unconditionally guaranteed by the Central Government or by a State Government; (vii) investment or deposit in any [public sector company]: [Provided that where an investment or deposit in any public sector company has been made

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)

5 of the appeal. 22. Ground No. 6 of the appeal is with respect to disallowance of Rs. 3 laks incurred on account of donation. The above donation was made by the assessee to the concern in which the directors of the appellate company are trustees. The ld AO disallowed the above expenditure. The ld CIT(A) also upheld

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

ITO (EXEMPTIONS), NEW DELHI vs. M/S. INDIAN YOUTH CENTRE TRUST VISHWA YUVAK KENDRA, NEW DELHI

In the result, the appeal of the Revenue is dismissed

Bench: Smt Diva Singh & Sh.Prashant Maharishi

80G dated 02.12.2009. The Trust was founded with the object of charitable work of promoting the welfare with youth etc. The Trust was founded by the World Assembly of Youth, India and the following trustees were appointed:- i) Shri Morari Desai (Chairman) ii) Smt. Indira Gandhi iii) Shri Naval H.tata iv) Shri Ravindra Verma v) Shri Viren J.Shah vi) Shri

RAJIV GANDHI CHARITABLE TRUST,NEW DELHI vs. JCIT (EXEMPTION), RANGE- 2, NEW DELHI

In the result, the appeal of the assessee is allowed

Bench: Sh. Anil Chaturvedi & Sh. Narender Kumar Choudhryrajiv Gandhi Charitable Vs. Jcit (Exemption) Trust, Jawahar Bhawan, Range – 2 3Rd Floor, Rajendra Prasad New Delhi Road, New Delhi

80G(5)(vi) of the Act. Assessee filed its return of income for assessment year 2014-15 on 29.09.2014 declaring nil income. The case was selected for scrutiny and thereafter assessment was framed under Section 143(3) of the Act vide order dated 27.12.2016 by denying claim of sale of assets as application of income. 2. Aggrieved by the order

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

5. Insofar as the appeal of the assessee are concerned, first challenge relates to the disallowance of the donation made by the assessee. Assessee pleaded in the alternative to allow the deduction under section 80G of the Act on the amount of donation paid by the assessee during the previous year relevant to the concerned assessment year

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

5. Insofar as the appeal of the assessee are concerned, first challenge relates to the disallowance of the donation made by the assessee. Assessee pleaded in the alternative to allow the deduction under section 80G of the Act on the amount of donation paid by the assessee during the previous year relevant to the concerned assessment year

ADIT (E), NEW DELHI vs. ANAND EDUCATION SOCIETY, NEW DELHI

In the result, appeal of the assessee is allowed and that of the department is dismissed

Bench: Sh. N. K. Saini, Am & Sh. Kuldip Singh, Jm Ita No. 761/Del/2013 : Asstt. Year : 2009-10 Anand Education Society, Vs Asstt. Director Of Income Tax(E) 30, Community Centre, Ashok Trust Circle-Ii, Vihar, Phase-I, New Delhi New Delhi-110052 (Appellant) (Respondent)

80G(5)(vi) of the Act vide order dated 15.07.2009 till the assessment year 2012-13. It was further submitted that the earlier assessment of the assessee had been finalized and concluded u/s 143(3) of the Act regularly at the Nil income after due verification of accounts. It was also submitted that the reopening done

ANAND EDUCATION SOCIETY,NEW DELHI vs. ADIT (E), NEW DELHI

In the result, appeal of the assessee is allowed and that of the department is dismissed

Bench: Sh. N. K. Saini, Am & Sh. Kuldip Singh, Jm Ita No. 761/Del/2013 : Asstt. Year : 2009-10 Anand Education Society, Vs Asstt. Director Of Income Tax(E) 30, Community Centre, Ashok Trust Circle-Ii, Vihar, Phase-I, New Delhi New Delhi-110052 (Appellant) (Respondent)

80G(5)(vi) of the Act vide order dated 15.07.2009 till the assessment year 2012-13. It was further submitted that the earlier assessment of the assessee had been finalized and concluded u/s 143(3) of the Act regularly at the Nil income after due verification of accounts. It was also submitted that the reopening done

ADIT (E), NEW DELHI vs. HAMDARD NATION FOUNDATION (INDIA), NEW DELHI

In the result, the appeal of the revenue is allowed for statistical

Bench: : Shri H.S. Sidhu & Shri L.P. Sahu

80G(5)(vi) of the Act. The assessee filed its return of income on 31.10.2007 declaring nil income, which was processed u/s. 143(1) and was later on selected for scrutiny and assessment was completed u/s. 143(3) of the Act. During the scrutiny proceedings, the Assessing Officer noted that in the income and expenditure account, following incomes were credited

M/S FISERV INDIA PVT. LTD.,NEW DELHI vs. ACIT, NEW DELHI

In the result, the appeal filed by the assessee in ITA No

Bench: Shri N.K. Billaiya & Shri Kuldip Singh[Assessment Year: 2012-13]

VI. Cigniti Technologies Limited This is an appropriate comparable as it passes all the filters applied by the TPO. It is being considered as comparable. vii. Spry Resources Limited This is an appropriate comparable as it passes all the filters applied by the TPO. It is being considered as comparable. viii. Informed Technologies The Annual report of the company

HERO MOTOCORP LIMITED,NEW DELHI vs. JCIT, NEW DELHI

In the result appeal of the assessee in ITA No

Bench: Sh. I. C. Sudhir & Shri Prashant Maharishihero Motocorp Limited, Jcit, 34, Basant Lok, Vasant Range-1, New Delhi Vs. Vihar, New Delhi Pan: Aaach0812J (Appellant) (Respondent) Dcit, M/S. Hero Moto Corp. Circle-11(1), Ltd., 34, Community Vs. New Delhi Centre, Basant Lok, Vasant Vihar, New Delhi-110057 (Appellant) (Respondent) Dcit, M/S. Hero Moto Corp. Circle-11(1), Ltd., 34, Community

5 of the appeal of the assessee is against an addition of Rs. 3.02 lakhs by estimating the value of the scrap lying in stock as at the end of the relevant previous year on hypothetical and national basis. Ld. assessing officer on perusal of the significant accounting policies mentioned in scheduled 12 of the financial statements for the financial

HERO MOTOCORP LTD.,NEW DELHI vs. DCIT, CIRCLE- 11(1), NEW DELHI

Appeal of the assessee is partly allowed for statistical purpose

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

Section 115JB of the Income Tax Act, 1961. In the present Assessment Year also the facts are similar and are squarely covered with the decision of the Tribunal for A.Ys. 2010-11, 2011-12, 2012-13 and 2013-14. Hence Ground Nos. 15 to 14.3 are allowed. 24. As regards Ground No. 16 to 16.2 is relating to Disallowance

MODEL VILLAGE TRUST,DELHI vs. SH. PRAKASH DUBEY CIT EXEMPTION, DELHI , DELHI

In the result, both the appeals of the assessee are allowed

Bench: Shri Challa Nagendra Prasad & Shri Avdhesh Kumar Mishraआ.अ.सं/.I.T.A Nos. 3189 & 3190/Del/2024 िनधा"रणवष"/Assessment Year:- बनाम Model Village Trust, Sh. Prakash Dubey, E-89, 4Th Floor, Flat No.402, Vs. Cit Exemption, Abul Fazal Enclave, Part-1, New Delhi. New Delhi. Pan No.Aagtm6481K अपीलाथ" Appellant ""यथ"/Respondent

80G assessee. Ld. Counsel for the assessee referring to paper book filed before us which is running into pages 1 to 1351 submitted that all the necessary details were filed before the Ld. CIT(E) to prove the genuineness of the objects and activities of the assessee. Ld. Counsel submits that at the stage of granting registration

MODEL VILLAGE TRUST ,DELHI vs. SH. PRAKASH DUBEY CIT EXEMPTION, DELHI, DELHI

In the result, both the appeals of the assessee are allowed

Bench: Shri Challa Nagendra Prasad & Shri Avdhesh Kumar Mishraआ.अ.सं/.I.T.A Nos. 3189 & 3190/Del/2024 िनधा"रणवष"/Assessment Year:- बनाम Model Village Trust, Sh. Prakash Dubey, E-89, 4Th Floor, Flat No.402, Vs. Cit Exemption, Abul Fazal Enclave, Part-1, New Delhi. New Delhi. Pan No.Aagtm6481K अपीलाथ" Appellant ""यथ"/Respondent

80G assessee. Ld. Counsel for the assessee referring to paper book filed before us which is running into pages 1 to 1351 submitted that all the necessary details were filed before the Ld. CIT(E) to prove the genuineness of the objects and activities of the assessee. Ld. Counsel submits that at the stage of granting registration

DCIT, NEW DELHI vs. M/S. VATIKA LTD., NEW DELHI

In the result, the appeal filed by the department is dismissed

Bench: Shri N.K. Billaiya & Shri Kuldip Singh[A.Y 2008-09]] M/S Vatika Limited Vs. The D.C.I.T 621, Devika Tower Central Circle - 20 6, Nehru Place, New Delhi New Delhi Pan : Aabcv 5647 G [A.Y 2008-09] The D.C.I.T. Vs. M/S Vatika Limitd Central Circle - 20 621, Devika Tower New Delhi 6, Nehru Place, New Delhi Pan : Aabcv 5647 G [Appellant] [Respondent]

5) of the Act as stood at that point of time reads as under: “If any person, having furnished a return under sub- section (1), or in pursuance of a notice issued under sub- section (1) of section 142, discovers any omission or any wrong therein, he may furnish a revised return at any time before the expiry

VATIKA LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, the appeal filed by the department is dismissed

Bench: Shri N.K. Billaiya & Shri Kuldip Singh[A.Y 2008-09]] M/S Vatika Limited Vs. The D.C.I.T 621, Devika Tower Central Circle - 20 6, Nehru Place, New Delhi New Delhi Pan : Aabcv 5647 G [A.Y 2008-09] The D.C.I.T. Vs. M/S Vatika Limitd Central Circle - 20 621, Devika Tower New Delhi 6, Nehru Place, New Delhi Pan : Aabcv 5647 G [Appellant] [Respondent]

5) of the Act as stood at that point of time reads as under: “If any person, having furnished a return under sub- section (1), or in pursuance of a notice issued under sub- section (1) of section 142, discovers any omission or any wrong therein, he may furnish a revised return at any time before the expiry