DLF CYBER CITY DEVELOPERS LTD.,GURUGRAM vs. DCIT, CIRCLE-1(1), GURUGRAM

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

Bench: Shri C. N. Prasad & Shri M. Balaganeshacit, Vs. Dlf Cyber City Developers Ltd, 3Rd Floor, B-Wing, Shopping Mall Circle-1(1), Gurugram Complex, Arjun Marg, Dkf City, Phase-I, Gurgaon, Haryana (Appellant) (Respondent) Pan: Aaccd3572H Dlf Cyber City Developers Ltd, Vs. Addl. Cit, 3Rd Floor, B-Wing, Shopping Mall Range-I, Complex, Arjun Marg, Dkf City, Gurgaon Phase-I, Gurgaon, Haryana (Appellant) (Respondent) Pan: Aaccd3572H

89,411 from the 'Eligible income' qualifying for deduction u/s 801A(4) of the Act. 3.1 That the Ld CIT(A) erred in law in upholding the order of Ld. Assessing Officer in assessing Signage income under the head 'Income from Other Sources as against Income from House Property', and denying deduction u/s 24(a) of the Act. DLF Cyber

DLF CYBER CITY DEVELOPERS LTD.,GURGAON vs. ADDL. CIT, GURGAON

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

Bench: Shri C. N. Prasad & Shri M. Balaganeshacit, Vs. Dlf Cyber City Developers Ltd, 3Rd Floor, B-Wing, Shopping Mall Circle-1(1), Gurugram Complex, Arjun Marg, Dkf City, Phase-I, Gurgaon, Haryana (Appellant) (Respondent) Pan: Aaccd3572H Dlf Cyber City Developers Ltd, Vs. Addl. Cit, 3Rd Floor, B-Wing, Shopping Mall Range-I, Complex, Arjun Marg, Dkf City, Gurgaon Phase-I, Gurgaon, Haryana (Appellant) (Respondent) Pan: Aaccd3572H

89,411 from the 'Eligible income' qualifying for deduction u/s 801A(4) of the Act. 3.1 That the Ld CIT(A) erred in law in upholding the order of Ld. Assessing Officer in assessing Signage income under the head 'Income from Other Sources as against Income from House Property', and denying deduction u/s 24(a) of the Act. DLF Cyber

DLF CYBER CITY DEVELOPERS LTD.,GURUGRAM vs. DCIT, CIRCLE-1(1), GURUGRAM

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

Bench: Shri C. N. Prasad & Shri M. Balaganeshacit, Vs. Dlf Cyber City Developers Ltd, 3Rd Floor, B-Wing, Shopping Mall Circle-1(1), Gurugram Complex, Arjun Marg, Dkf City, Phase-I, Gurgaon, Haryana (Appellant) (Respondent) Pan: Aaccd3572H Dlf Cyber City Developers Ltd, Vs. Addl. Cit, 3Rd Floor, B-Wing, Shopping Mall Range-I, Complex, Arjun Marg, Dkf City, Gurgaon Phase-I, Gurgaon, Haryana (Appellant) (Respondent) Pan: Aaccd3572H

89,411 from the 'Eligible income' qualifying for deduction u/s 801A(4) of the Act. 3.1 That the Ld CIT(A) erred in law in upholding the order of Ld. Assessing Officer in assessing Signage income under the head 'Income from Other Sources as against Income from House Property', and denying deduction u/s 24(a) of the Act. DLF Cyber

ACIT, CIRCLE-1(1), GURUGRAM vs. DLF CYBER CITY DEVELOPERS LTD., GURUGRAM

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

Bench: Shri C. N. Prasad & Shri M. Balaganeshacit, Vs. Dlf Cyber City Developers Ltd, 3Rd Floor, B-Wing, Shopping Mall Circle-1(1), Gurugram Complex, Arjun Marg, Dkf City, Phase-I, Gurgaon, Haryana (Appellant) (Respondent) Pan: Aaccd3572H Dlf Cyber City Developers Ltd, Vs. Addl. Cit, 3Rd Floor, B-Wing, Shopping Mall Range-I, Complex, Arjun Marg, Dkf City, Gurgaon Phase-I, Gurgaon, Haryana (Appellant) (Respondent) Pan: Aaccd3572H

89,411 from the 'Eligible income' qualifying for deduction u/s 801A(4) of the Act. 3.1 That the Ld CIT(A) erred in law in upholding the order of Ld. Assessing Officer in assessing Signage income under the head 'Income from Other Sources as against Income from House Property', and denying deduction u/s 24(a) of the Act. DLF Cyber

DLF CYBER CITY DEVELOPERS LTD.,GURUGRAM vs. DCIT, CIRCLE-1, GURUGRAM

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

Bench: Shri C. N. Prasad & Shri M. Balaganeshacit, Vs. Dlf Cyber City Developers Ltd, 3Rd Floor, B-Wing, Shopping Mall Circle-1(1), Gurugram Complex, Arjun Marg, Dkf City, Phase-I, Gurgaon, Haryana (Appellant) (Respondent) Pan: Aaccd3572H Dlf Cyber City Developers Ltd, Vs. Addl. Cit, 3Rd Floor, B-Wing, Shopping Mall Range-I, Complex, Arjun Marg, Dkf City, Gurgaon Phase-I, Gurgaon, Haryana (Appellant) (Respondent) Pan: Aaccd3572H

89,411 from the 'Eligible income' qualifying for deduction u/s 801A(4) of the Act. 3.1 That the Ld CIT(A) erred in law in upholding the order of Ld. Assessing Officer in assessing Signage income under the head 'Income from Other Sources as against Income from House Property', and denying deduction u/s 24(a) of the Act. DLF Cyber

THE PR. COMMISSIONER OF INCOME TAX -4 vs. GALGOTIA BOOKS & DEPARTMENT STORE PVT. LTD.

The appeals are allowed

Bench: HON'BLE MR. JUSTICE SANJIV KHANNA,HON'BLE MR. JUSTICE CHANDER SHEKHAR

property in question) and the enforcement authority (the State). Since the second of the above species of "proceeds of crime" uses the expression "such property", the qualifying word being "such", it is vivid that the "property" referred to here is equivalent to the one indicated by the first kind. The only difference is that it is not the same property

PRINCIPAL COMMISSIONER OF INCOME TAX-8 vs. SALDI CHITS PVT. LTD.,

The appeals are allowed

Bench: HON'BLE MR. JUSTICE S. RAVINDRA BHAT,HON'BLE MR. JUSTICE A. K. CHAWLA

property in question) and the enforcement authority (the State). Since the second of the above species of "proceeds of crime" uses the expression "such property", the qualifying word being "such", it is vivid that the "property" referred to here is equivalent to the one indicated by the first kind. The only difference is that it is not the same property

DCIT, NEW DELHI vs. M/S. OMAXE BUILDHOME (P) LTD., NEW DELHI

Bench: Shri I.C. Sudhir & Shri Laxmi Prasad Sahu Assessment Year : 2008-09 Deputy Cit, Vs. M/S. Omaxe Ltd., Central Circle-4, 7-Lsc, Omaxe House, New Delhi. Kalkaji, New Delhi. (Pan: Aaaco0171H) (Appellant) (Respondent) Assessment Year: 2008-09 M/S. Omaxe Ltd., Vs. Deputy Cit, 7-Lsc, Omaxe House, Central Circle-4, Kalkaji, New Delhi. New Delhi. (Pan: Aaaco0171H) (Appellant) (Respondent)

Properties f20J2} 206 Taxman 584/ 19 taxmann. Cam 316, which was decided by the Bombay High Court on similar lines as in the assessee's case before us. A perusal of above Judgment, it clearly reveals that hon'able High Court has taken and interpreted the definition of housing project u/s 80HHA to arrived at the concept of composite housing

M/S. ANSAL PROPERTIES & INFRASTRUCTURE LTD.,NEW DELHI vs. DCIT, NEW DELHI

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

Bench: Shri G.S. Pannu & Before Shri G.S. Pannu & Before Shri G.S. Pannu Before Shri G.S. Pannu & Ms. Suchitra Kamblems. Suchitra Kamble Ms. Suchitra Kamble Ms. Suchitra Kamble

Housing Finance & Leasing Company Ltd. (supra) has already considered the ratio of the judgment of Hon'ble Supreme Court in the case of Chennai Properties & Investments Limited (supra) and found it inapplicable to the given facts; and, in any case, it is not the case of the assessee that any fresh facts have arisen which would require any review

M/S. ANSAL PROPERTIES & INFRASTRUCTURE LTD.,NEW DELHI vs. DCIT, NEW DELHI

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

Bench: Shri G.S. Pannu & Before Shri G.S. Pannu & Before Shri G.S. Pannu Before Shri G.S. Pannu & Ms. Suchitra Kamblems. Suchitra Kamble Ms. Suchitra Kamble Ms. Suchitra Kamble

Housing Finance & Leasing Company Ltd. (supra) has already considered the ratio of the judgment of Hon'ble Supreme Court in the case of Chennai Properties & Investments Limited (supra) and found it inapplicable to the given facts; and, in any case, it is not the case of the assessee that any fresh facts have arisen which would require any review

M/S. ANSAL PROPERTIES & INFRASTRUCTURE LTD.,NEW DELHI vs. DCIT, NEW DELHI

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

Bench: Shri G.S. Pannu & Before Shri G.S. Pannu & Before Shri G.S. Pannu Before Shri G.S. Pannu & Ms. Suchitra Kamblems. Suchitra Kamble Ms. Suchitra Kamble Ms. Suchitra Kamble

Housing Finance & Leasing Company Ltd. (supra) has already considered the ratio of the judgment of Hon'ble Supreme Court in the case of Chennai Properties & Investments Limited (supra) and found it inapplicable to the given facts; and, in any case, it is not the case of the assessee that any fresh facts have arisen which would require any review

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)

house property, he disallowed 34.72% of expenditure of Rs.3,86,85,361/- i.e. Rs.1,34,31,551/- as expenses related to the income from maintenance and reimbursement related to the property owned by the assessee. Out of this disallowance of Rs.55,18,715/- Assessing Officer further granted 30% of standard deduction of Rs.30,89,784/- and made the net disallowance

SH. ANKIT MITTAL,GURGAON vs. ITO, GURGAON

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

Bench: Sh. N. K. Saini

house property but the AO restricted the same to 50% of the loss by holding that as per the purchase deed, the property was in the joint names of the assessee and his wife Smt. Ritu Mittal. It was further submitted that the ld. CIT(A) 9 Ankit Mittal ignored all the submissions made by the assessee who categorically stated

SRI OMKAR CHADHA,NEW DELHI vs. ITO, NEW DELHI

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

Bench: Sh. Amit Shukladr. B. R. R. Kumar(E-Court Module) Ita No. 346/Del/2017 : Asstt. Year : 2012-13 Sh. Omkar Chadha, Vs Income Tax Officer, I-39, Jangpura Extn., Ward-54(3), New Delhi-110014 New Delhi (Appellant) (Respondent) Pan No. Aaepc8329G Assessee By : Sh. K. Sampath, Adv. Revenue By : Ms. Rakhi Vimal, Sr. Dr Date Of Hearing: 25.06.2020 Date Of Pronouncement: 13.07.2020

89,03,880 Deduction u/s 54F 1,18,55,480 Investment in residential 64,28,424 Property- Ansal Construction 24,20,000 of Residential House Capital Gains FDR 97,38,424 8,90,000 NIL 5. During the assessment, the Assessing Officer negated the claim of the assessee in respect of investment in the second residential house taking a view

ACIT, NEW DELHI vs. SMT. SEEMA SOBTI, NEW DELHI

In the result, the appeal filed by the Revenue stand dismissed

Bench: Sh. H.S. Sidhu & Shri Prashant Maharishiassessment Year: 2012-13

property may be commenced even before the date of transfer of original asset... ” 3.15. In view of the above-cited position of law and interpretation of section 54 of the Act, the Assessee wishes to contend that firstly, the acquisition of house from M/s DLF is a case of construction of house and not purchase of a house, secondly

DCIT, NEW DELHI vs. M/S. KENMORE VIKAS INDIA (P) LTD., NEW DELHI

In the result the appeal of the revenue is dismissed

Bench: Shri R.K. Panda & Ms Suchitra Kambleasstt. Year 2012-13

section 14 and 22 of the I.T.Act, it would seem that any income from property (building and land appurtenant thereto) has to be taxed u/s 22. 6 DCIT vs. Kenmore Vikas India (P) Ltd. (ii) whether income earned from ownership vis-a-vis exploitation of the property in question can be treated as rental income, income from other sources

SANJIV AHUJA,DELHI vs. ITO (INTERNATIONAL TAXATION), DELHI

In the result, the appeal is allowed

Bench: Shri R.K. Pandaasstt. Year 2012-13

house] so purchased or constructed (hereafter in this section referred to as the new asset)], the difference between the amount of the capital gain and the cost of the new asset shall be charged under section 45 as the income of the previous year; and for the purpose of computing in respect of the new asset any capital gain arising

ACIT, NEW DELHI vs. SHRI PRADEEP SOBTI, NEW DELHI

In the result, both the 02 appeals filed by the Revenue stand

Bench: Sh. H.S. Sidhu & Shri Prashant Maharishiassessment Year: 2012-13

property may be commenced even before the date of transfer of original asset... ” 3.15. In view of the above-cited position of law and interpretation of section 54 of the Act, the Assessee wishes to contend that firstly, the acquisition of house from M/s DLF is a case of construction of house and not purchase of a house, secondly

ACIT, NEW DELHI vs. SHRI AKSHAY SOBTI, NEW DELHI

In the result, both the 02 appeals filed by the Revenue stand

Bench: Sh. H.S. Sidhu & Shri Prashant Maharishiassessment Year: 2012-13

property may be commenced even before the date of transfer of original asset... ” 3.15. In view of the above-cited position of law and interpretation of section 54 of the Act, the Assessee wishes to contend that firstly, the acquisition of house from M/s DLF is a case of construction of house and not purchase of a house, secondly