MANOJ MITTAL,NEW DELHI vs. DCIT CENTRAL CIRCLE-8, NEW DELHI

In the result, appeal of the assessee is allowed

Bench: Shri Challa Nagendra Prasadआ.अ.सं/.I.T.A No.2412/Del/2023 िनधा"रणवष"/Assessment Year: 2010-11 बनाम Manoj Mittal, Dcit H-1, Phase-1, Ashok Vihar, Vs. Central Circle-8, New Delhi. New Delhi. Pan No. Aaipm7274J अपीलाथ" Appellant ""यथ"/Respondent

deemed dividend u/s 2(22)(e) was deleted. Hence respectfully following decision of the Coordinate Bench referred (supra), we hereby delete the penalty in the hands of the assessee for both the years under consideration. " 8. Following the consistent position taken by the Coordinate Benches in assessee's group cases where the penalty levied under section 271

M.L. SINGHI & ASSOCIATES (P) LTD.,NEW DELHI vs. ACIT CC-15, NEW DELHI

In the result, these four appeals are treated as allowed for statistical purposes

penalty amounting to Rs.3,41,59,950/- was levied under Section 271(1)(c) in respect of aforesaid quantum additions of Rs.6,36,50,000/- and Rs.33,50,000/-. The assessee filed appeals against aforesaid order dated 30.03.2019 passed by the AO u/s. 271(1)(c) of IT Act, vide the appeal numbers 10015/19- 20 and 10067/19-20. Vide aforesaid appeal

M.L. SINGHI & ASSOCIATES (P) LTD.,NEW DELHI vs. ACIT CC-15, NEW DELHI

In the result, these four appeals are treated as allowed for statistical purposes

penalty amounting to Rs.3,41,59,950/- was levied under Section 271(1)(c) in respect of aforesaid quantum additions of Rs.6,36,50,000/- and Rs.33,50,000/-. The assessee filed appeals against aforesaid order dated 30.03.2019 passed by the AO u/s. 271(1)(c) of IT Act, vide the appeal numbers 10015/19- 20 and 10067/19-20. Vide aforesaid appeal

M.L. SINGHI & ASSOCIATES (P) LTD.,NEW DELHI vs. ACIT CC-15, NEW DELHI

In the result, these four appeals are treated as allowed for statistical purposes

penalty amounting to Rs.3,41,59,950/- was levied under Section 271(1)(c) in respect of aforesaid quantum additions of Rs.6,36,50,000/- and Rs.33,50,000/-. The assessee filed appeals against aforesaid order dated 30.03.2019 passed by the AO u/s. 271(1)(c) of IT Act, vide the appeal numbers 10015/19- 20 and 10067/19-20. Vide aforesaid appeal

M.L. SINGHI & ASSOCIATES (P) LTD.,NEW DELHI vs. ACIT CC-15, NEW DELHI

In the result, these four appeals are treated as allowed for statistical purposes

penalty amounting to Rs.3,41,59,950/- was levied under Section 271(1)(c) in respect of aforesaid quantum additions of Rs.6,36,50,000/- and Rs.33,50,000/-. The assessee filed appeals against aforesaid order dated 30.03.2019 passed by the AO u/s. 271(1)(c) of IT Act, vide the appeal numbers 10015/19- 20 and 10067/19-20. Vide aforesaid appeal

M/S. JINDAL STEEL & POWER LIMITED,NEW DELHI vs. ACIT, HISAR

In the result the appeal of the assessee is partly allowed

Bench: Sh. C.M. Garg & Sh. O.P. Kant

deeming) provisions under Explanation 1 to the said section?” 6.2 The assessee during the penalty proceedings contended in reply that change of accounting treatment was disclosed (during the original assessment proceedings), vide letter dated 8.2.2010 because alongwith the said letter, a copy of balance sheet was filed which makes a mention of accounting treatment of the said ‘sales tax subsidy

SHRI CHETAN SETH,NEW DELHI vs. ITO, NEW DELHI

The appeals of the assessee are partly allowed

Bench: Shri Satbeer Singh Godara\Nand\Nshri Brajesh Kumar Singh\Nita Nos.1808/Del/2023 & 2983, 2984 & 2985/Del/2015\N[Assessment Years: 2004-05, 2005-06, 2006-07 & 2007-08]\Nshri Chetan Seth,\Nplot No.14, Lcs, Sector-B-1,\Nvasant Kunj,\Nnew Delhi-110070\Npan-Aolps2992A\Nappellant\Nincome Tax Officer,\Nward-15(3),\Nvs New Delhi\Nrespondent\Nappellant By\Nrespondent By\Nshri Arun Kishore, Ca &\Nshri Alok Suri, Ca\Nshri Rajesh Kumar Dhanesta, Sr.\N(Dr)\Ndate Of Hearing\Ndate Of Pronouncement\N28.03.2025\N25.06.2025\Norder\Nper Brajesh Kumar Singh, Am,\Nthese Four Appeals Filed By The Assessee Are Directed Against The\Norder Of Ld. Commissioner Of Income Tax (Appeals)-7, Delhi, Dated\N24.02.2015 For Ay 2004-05, 27.02.2015 For Ay 2005-06, 2006-07 And\N2007-08 Respectively Arising Out Of Assessment Orders Passed U/S 147/144\Nof The Income Tax Act, 1961 (Hereinafter Referred To ‘The Act') Dated\N31.10.2011 For All The Above Assessment Years, Respectively. Since, The\Nissues Are Common & Connected, Hence, These Appeals Were Heard\Ntogether & Are Disposed Of By This Common Order.\N2. First, We Shall Take Up The Ita No.1808/Del/2023 Pertaining To Ay\N2004-05.\N2.

271 (1) (c) of the Act for the above\nadditions were successfully represented by the same previous counsel\nbefore CIT (Appeals). Departmental appeals against the deletion of penalties\nwere dismissed.\n7. Appeals against additions u/s 2 (22) (e) for the three years 2005-06 to 2007-\n08 were also being represented till last year by the same previous counsel.It\nwas

HARISH KUMAR HUF,NEW DELHI vs. DCIT, CIRCLE-34(1), NEW DELHI

In the result, the appeal filed by the Assessee stands partly allowed

Bench: Shri H.S. Sidhu & Dr. B.R.R. Kumara.Y. : 2015-16

dividend striping and completed the assessment u/s. 143(3) of the Act and also imposed the penalty of Rs. 45,52,613/- for furnishing of inaccurate particulars of income vide order dated 23.2.2018 passed u/s. 271(1)© of the Act. Against the penalty order dated 23.2.2018, assessee appealed before the Ld. CIT(A), who vide his impugned order dated

ACIT, NEW DELHI vs. M/S DEEPALI DESIGN & EXHIBITS, NEW DELHI

In the result, the Appeal filed by the Revenue stands dismissed

Bench: Shri H.S. Sidhu & Shri O.P. Kantassessment Year: 2011-12 Acit, Central Circle-17 Vs. M/S Deepali Designs & Exhibits 9, 1St Floor, Behind Punjab Room No. 103, First Floor, Hall No. 1, Kesri, Wazirpur Industrial Ara Centre, Area, New Delhi – 110 035 E-2, Jhandewalan, (Pan: Aaffd1639M) New Delhi – 110 057 (Appellant) (Respondent) Department By : Sh. B.S. Rajpurohit, Sr. Dr. Assessee By : Sh. Ridhi Karan Agarwal, Ca

deemed dividend and confirmed the addition of Rs. 60,90,871/- on account of disallowance of expenses for non deduction of TDS and amounts u/s. 40A(3) of the Act. Although Ld. CIT(A) restricted the addition of Rs. 77,775/- out of Rs. 1,55,550/- made by the AO on account of disallowance of 1/5th of expenditure

ASSOCIATED MACHINERY CORP. PVT. LTD.,GHAZIABAD vs. ITO, GHAZIABAD

In the result, the appeal of the Assessee is dismissed

Bench: Shri Pradip Kumar Kedia & Shri Narender Kumar Choudhry

Deemed dividend u/s 2(22)(e) 5,12,200/- iv) Bogus creditors 12,97,079/- v) Surrender on account of unverifiable creditors 100,00,000/- 4. On the aforesaid additions, penalty proceedings u/s 271

ACIT, NEW DELHI vs. SHRI RAMIT VOHRA, NEW DELHI

In the result, the appeal is partly allowed for statistical purposes

Bench: Shri H.S. Sidhu & Shri Anadee Nath Misshra

Penalty proceedings u/s 271 (1 )(c) of the Income-tax Act, 1961, are initiated for furnishing of inaccurate particulars of his income and concealment of income by the assessee. 10. DEEMED DIVIDEND

LATE SHRI JASWANT SINGH MADHOK THROUGH L/H SHRI SANDEEP SINGH MADHOK,NEW DELHI vs. ACIT, NEW DELHI

Bench: Shri Kuldip Singh & Dr. B.R.R. Kumar

deemed dividend respectively, initiated the penalty proceedings u/s 271(1)(c) of the Act. Declining the contention raised by the assessee

MOHAIR INVESTMENT AND TRADING COMPANY (P) LTD.,,NEW DELHI vs. DCIT, NEW DELHI

In the result the appeal of the assessee is allowed

Bench: Shri A.T. Varkey & Shri O.P. Kant

dividend income which was exempted from tax. (vi) On the basis of the relevant calculations, the Assessing Officer made a disallowance of Rs.3,07,77,285/- and as a consequence, penalty proceedings were initiated against the Assessee under Section 271(1)(c) of the Act. The Assessee was duly informed about the initiation of penalty proceedings. (vii) Aggrieved

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

In the result, both the Appeals filed by the Assessee stand allowed

Bench: Shri H.S. Sidhu & Shri O.P. Kant

penalty of Rs. 14,75,850/- u/s 271(1)(c) of the Act on the following additions/disallowances made in the order of assessment: Sr. Particulars of additions/disallowances Amount No. (Rs.) i) Disallowance of business loss on sale of land by 2,93,070 holding the same as capital loss ii) Addition on account of deemed dividend

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

In the result, both the Appeals filed by the Assessee stand allowed

Bench: Shri H.S. Sidhu & Shri O.P. Kant

penalty of Rs. 14,75,850/- u/s 271(1)(c) of the Act on the following additions/disallowances made in the order of assessment: Sr. Particulars of additions/disallowances Amount No. (Rs.) i) Disallowance of business loss on sale of land by 2,93,070 holding the same as capital loss ii) Addition on account of deemed dividend

ACIT, NEW DELHI vs. SMT. MEHAR ANAND, NEW DELHI

In the result, the appeals of the department are dismissed

Bench: Sh. N. K. Sainiita Nos. 6438 & 6439/Del/2016 : Asstt. Years : 2010-11 & 2011-12 Acit, Vs Smt. Mehar Anand, Central Circle-14, A-29, Defence Colony, New Delhi-110055 New Delhi-110065 (Appellant) (Respondent) Pan No. Afepa9193B Ita Nos. 6440 & 6441/Del/2016 : Asstt. Years : 2009-10 & 2011-12 Acit, Vs Sh. Harveer Singh Kalra, Central Circle-14, A-29, Defence Colony, New Delhi-110055 New Delhi-110065 (Appellant) (Respondent) Pan No. Afbpk6171Q Assessee By : Sh. Ved Jain, Adv. & Sh. Ashish Chadha, Ca Revenue By : Sh. Amrit Lal, Sr. Dr Date Of Hearing : 16.05.2017 Date Of Pronouncement : 31.05.2017 Order These Appeals By The Department Are Directed Against The Separate Orders Each Dated 07.09.2016 Of Ld. Cit(A)-Xxvi, New Delhi.

dividend from investment in foreign assets (e-trade) amounting to Rs.960/-. The total of foreign income has been rounded off to the higher side i.e. Rs.1150/- and the same has been disclosed in ITA Nos. 6438 to 6441/Del/2016 3 Mehar Anand & Harveer Singh Kalra the return of income filed u/s 153A. As the assessee has failed to furnish the correct

ACIT, NEW DELHI vs. SH. HARVEER SINGH KALRA, NEW DELHI

In the result, the appeals of the department are dismissed

Bench: Sh. N. K. Sainiita Nos. 6438 & 6439/Del/2016 : Asstt. Years : 2010-11 & 2011-12 Acit, Vs Smt. Mehar Anand, Central Circle-14, A-29, Defence Colony, New Delhi-110055 New Delhi-110065 (Appellant) (Respondent) Pan No. Afepa9193B Ita Nos. 6440 & 6441/Del/2016 : Asstt. Years : 2009-10 & 2011-12 Acit, Vs Sh. Harveer Singh Kalra, Central Circle-14, A-29, Defence Colony, New Delhi-110055 New Delhi-110065 (Appellant) (Respondent) Pan No. Afbpk6171Q Assessee By : Sh. Ved Jain, Adv. & Sh. Ashish Chadha, Ca Revenue By : Sh. Amrit Lal, Sr. Dr Date Of Hearing : 16.05.2017 Date Of Pronouncement : 31.05.2017 Order These Appeals By The Department Are Directed Against The Separate Orders Each Dated 07.09.2016 Of Ld. Cit(A)-Xxvi, New Delhi.

dividend from investment in foreign assets (e-trade) amounting to Rs.960/-. The total of foreign income has been rounded off to the higher side i.e. Rs.1150/- and the same has been disclosed in ITA Nos. 6438 to 6441/Del/2016 3 Mehar Anand & Harveer Singh Kalra the return of income filed u/s 153A. As the assessee has failed to furnish the correct

ACIT, NEW DELHI vs. SH. PRADEEP SINGH, NEW DELHI

In the result, the appeal of the Revenue is dismissed

Bench: Shri H.S. Sidhu & Shri O.P. Kanta.Y. : 2008-09 Asstt. Commissioner Of Sh. Pradeep Singh Income Tax, Vs. A-13A, Green Park Main, New Circle 24(1), Delhi Room No. 1305, E-2, Sp (Pan: Aaafn2055Q) Mukherjee Civic Centre, Minto Road, New Delhi (Appellant) (Respondent)

penalty proceedings u/s. 2 271(1)(c) of the Act making the additions on account of expenses against procurement of service charges for land, deemed dividend