M/S THE ORIENTAL INSURANCE CO. LTD.,,NEW DELHI vs. DCIT, NEW DELHI

section 10(38) of the Act, whereas Ground No. 2.2 seeks benefit of concessional rate of tax u/s 111A / 112 of the Income Tax Act. These are alternative claims raised by the assessee. In our considered opinion, these grounds now become in fructuous in view of our adjudication in Ground Nos. 1 and 1.1 above which has been decided

KAVITA AGARWAL,NEW DELHI vs. ACIT, CENTRAL CIRCLE- 19, NEW DELHI

section 10(38) of the Act, whereas Ground No. 2.2 seeks benefit of concessional rate of tax u/s 111A / 112 of the Income Tax Act. These are alternative claims raised by the assessee. In our considered opinion, these grounds now become in fructuous in view of our adjudication in Ground Nos. 1 and 1.1 above which has been decided

M/S THE ORIENTAL INSSURANCE CO.LTD.,,NEW DELHI vs. DCIT, NEW DELHI

Bench: Shri Anil Chaturvedi & Shri Anubhav Sharmam/S. The Oriental Insurance Co. Ltd, Vs. The Dcit, A 25/27, Asaf Ali Road, Ltu, New Delhi New Delhi-110002 (Appellant) (Respondent) Pan: Aaact0627R

111A and / or section 112 of the Income Tax Act. 3. That on facts and in law the CIT(A) erred in upholding a disallowance of Rs 1,04,90,324/- out of the total depreciation allowance claimed by the appellant under section 32 of the Act. 3.1 That on facts and in law the AO / CIT(A) erred

ACIT, NEW DELHI vs. M/S. SHRI HARI INVESTMENT, NEW DELHI

In the result appeal of the revenue for both the assessment years are dismissed

Bench: Shri Amit Shukla & Shri Prashant Maharishi

penalty proceedings u/s 271 (1 )(c) of the Income Tax Act, 1961 have been initiated separately. 8. Further, as discussed above, as the firm has not claimed any expense on earning of this income running into crores and considering the minimum required set up for conducting day-to-day business activity, I estimate an expense of Rs. 12 lacs (estimated

ACIT, NEW DELHI vs. M/S. SHRI HARI INVESTMENT, NEW DELHI

In the result appeal of the revenue for both the assessment years are dismissed

Bench: Shri Amit Shukla & Shri Prashant Maharishi

penalty proceedings u/s 271 (1 )(c) of the Income Tax Act, 1961 have been initiated separately. 8. Further, as discussed above, as the firm has not claimed any expense on earning of this income running into crores and considering the minimum required set up for conducting day-to-day business activity, I estimate an expense of Rs. 12 lacs (estimated

THE ORIENTAL INSURANCE CO. LTD.,NEW DELHI vs. DCIT, CIRCLE- 1, LTU, NEW DELHI

Bench: Sh. Anil Chaturvedi & Sh.Anubhav Sharmaita No. 1952/Del/2018, A.Y. 2013-14 M/S. The Oriental Insurance Co. Vs. Dcit, Ltd. Circle-1, Ltu, A-25/27, Asaf Ali Road, New Delhi New Delhi- 110002 Pan :Aaact0627R

111A and / or 112 of the Act. 3. That on facts and in law the CIT(A) erred in upholding disallowance of Rs. 52,88,173/- out of total depreciation allowance of Rs. 1,82,35,078/- claimed by the appellant under section 32 of the Act. 3.1 That on facts and in law the AO/ CIT(A) erred

DCIT, CIRCLE- 1, LTU, NEW DELHI vs. THE ORIENTAL INSURANCE CO. LTD., NEW DELHI

Bench: Sh. Anil Chaturvedi & Sh.Anubhav Sharmaita No. 1952/Del/2018, A.Y. 2013-14 M/S. The Oriental Insurance Co. Vs. Dcit, Ltd. Circle-1, Ltu, A-25/27, Asaf Ali Road, New Delhi New Delhi- 110002 Pan :Aaact0627R

111A and / or 112 of the Act. 3. That on facts and in law the CIT(A) erred in upholding disallowance of Rs. 52,88,173/- out of total depreciation allowance of Rs. 1,82,35,078/- claimed by the appellant under section 32 of the Act. 3.1 That on facts and in law the AO/ CIT(A) erred