KULDIP KUMAR GOEL,DELHI vs. ACIT(1)(1), DELHI

In the result, the appeal of the assessee is partly allowed in above\nterms for statistical purposes

Penalty proceedings U/s 271(1)(c) of the\nIncome Tax Act,1961 for furnishing inaccurate particulars of income\nwithin the meaning of explanation1 to the sub-section (1) of the section\n271(1)(c) of the Income Tax Act, 1961 are initiated.\nAddition: Rs. 44,05,518/-\nThe issue on merits at the heart of the matter is allowability

GAJENDER SINGH JADON,NEW DELHI vs. ACIT CIRCLE-57(5), NEW DELHI

In the result, the appeal of the assessee is treated as allowed for statistical purposes

Bench: Shri Shamim Yahya & Ms. Astha Chandraasstt. Year: 2006-07 Gajender Singh Jadon, Vs. Acit, Circle-57(5), C-2/785, Street No. 14, New Delhi. 2 Pushta Road, Sonia Vihar, New Delhi. Pan Ahipj6180B (Appellant) (Respondent)

u/s 271(1X0 of Rs.4,36,060/- is arbitrary, unjust and illegal. 8. That the levy of penalty is illegal, unjust and not in accordance with law as the mandatory requirements of Section 271(l)(c) of the Act have not been met in the instant case. 9. That in the absence of satisfaction in the assessment order

PTC ENERGY LTD,NEW DELHI vs. ACIT CIRCLE- 19(2), NEW DELHI

In the result, Appeal filed by the assessee is Allowed

Bench: Dr. B.R.R. Kumar & Shri Yogesh Kumar U.S.

127/- has been disallowed u/s 14A of the Act. Consequent to the assessment order a penalty proceedings have been initiated and vide order dated 31/07/2019, the Ld. A.O has passed an order u/s 271(1)(c) of the Act by imposing penalty of Rs. 12,66,900/-. 4. As against the penalty order, the assessee has filed an appeal before

DY. COMMISSIONER OF INCOME TAX, JHANDEWALAN, DELHI vs. TANYA JAISWAL, DELHI

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

Bench: SHRI S.RIFAUR RAHMAN (Accountant Member), SHRI SUDHIR KUMAR (Judicial Member)

127 of the Act. Proceedings under section 153A of the Act were initiated by issue of notices u/s 143(2) and 142(1) and served on the assessee through ITBA. In response, the assessee submitted relevant details and clarifications from time to time. The return of income u/s 139 of the Act was filed on 14.01.2022 declaring income of Rs.6

DCIT CENTRAL CIRCLE -28, NEW DELHI vs. ATUL KUMAR GUPTA, NEW DELHI

In the result, Revenue’s appeals for AYs 2011-12 in the cases of

u/s 271(1)(c) is being initiated separately. b] Investment in the shares of M/s Orion Freight Solutions Pvt. Ltd.: AAAC07310C:- The company has share premium of Rs.3.86 Crs which were invested in unquoted govt. securities. Shares were allotted to dubious entities at premium of Rs.90/- per share. In A,Y. 2010-11, share of the company were acquired

ATUL KUMAR ,NEW DELHI vs. ACIT CENTRAL CIRCLE-28, NEW DELHI

In the result, Revenue’s appeals for AYs 2011-12 in the cases of

u/s 271(1)(c) is being initiated separately. b] Investment in the shares of M/s Orion Freight Solutions Pvt. Ltd.: AAAC07310C:- The company has share premium of Rs.3.86 Crs which were invested in unquoted govt. securities. Shares were allotted to dubious entities at premium of Rs.90/- per share. In A,Y. 2010-11, share of the company were acquired

ATUL KUMAR GUPTA,NEW DELHI vs. ACIT CENTRAL CIRCLE-28, NEW DELHI

In the result, Revenue’s appeals for AYs 2011-12 in the cases of

u/s 271(1)(c) is being initiated separately. b] Investment in the shares of M/s Orion Freight Solutions Pvt. Ltd.: AAAC07310C:- The company has share premium of Rs.3.86 Crs which were invested in unquoted govt. securities. Shares were allotted to dubious entities at premium of Rs.90/- per share. In A,Y. 2010-11, share of the company were acquired

ATUL KUMAR GUPTA,NEW DELHI vs. ACIT CENTRAL CIRCLE-28, NEW DELHI

In the result, Revenue’s appeals for AYs 2011-12 in the cases of

u/s 271(1)(c) is being initiated separately. b] Investment in the shares of M/s Orion Freight Solutions Pvt. Ltd.: AAAC07310C:- The company has share premium of Rs.3.86 Crs which were invested in unquoted govt. securities. Shares were allotted to dubious entities at premium of Rs.90/- per share. In A,Y. 2010-11, share of the company were acquired

ACIT CENTRAL CIRCLE-28, NEW DELHI vs. RAJIV GUPTA, NEW DELHI

In the result, Revenue’s appeals for AYs 2011-12 in the cases of

u/s 271(1)(c) is being initiated separately. b] Investment in the shares of M/s Orion Freight Solutions Pvt. Ltd.: AAAC07310C:- The company has share premium of Rs.3.86 Crs which were invested in unquoted govt. securities. Shares were allotted to dubious entities at premium of Rs.90/- per share. In A,Y. 2010-11, share of the company were acquired

SH. CHANDRA KANT SHARMA,NEW DELHI vs. ACIT, NEW DELHI

In the result, all the three appeals of the appellant/assessee are allowed

127 of the Act. The assessee filed return of income under Section\n139(4) of the Act for assessment year 2013-14 on 03.02.2015, declaring income\nof Rs.55,05,000/- whereas the time limitation for filing of return was on\n30.09.2013. Consequent upon search and seizure operation, notice under\nSection 153A of the Act dated 22.09.2015 was issued. The assessee

CHANDRA KANT SHARMA,NEW DELHI vs. ACIT, CENTRAL CIRCLE-26, NEW DELHI

In the result, all the three appeals of the appellant/assessee are allowed

271 AAB, penalty of Rs.3,18,00,375/- was imposed.\n9. Against assessment order dated 13.5.2016 and penalty orders dated\n25.11.2016, appellant/assessee preferred separate appeal before the Ld. CIT(A)\nwhich were dismissed vide separate orders dated 30.12.2016, 05.05.2017 and\n28.04.2017.\n10. Being aggrieved, appellant/assessee has preferred above captioned three\nappeals.\n11. Learned Authorised Representative for the appellant/assessee

SH. CHANDRA KANT SHARMA,NEW DELHI vs. ACIT, NEW DELHI

In the result, all the three appeals of the appellant/assessee are allowed

271 AAB, penalty of Rs.3,18,00,375/- was imposed.\n\n9. Against assessment order dated 13.5.2016 and penalty orders dated\n25.11.2016, appellant/assessee preferred separate appeal before the Ld. CIT(A)\nwhich were dismissed vide separate orders dated 30.12.2016, 05.05.2017 and\n28.04.2017.\n\n10. Being aggrieved, appellant/assessee has preferred above captioned three\nappeals.\n\n11. Learned Authorised Representative

NEW STAR SYSTEM SOLUTION PRIVATE LIMITED,DELHI vs. DCIT, CIRCLE-18(2), DELHI

In the result, appeal of the Assessee is accordingly allowed

Bench: Shri S. Rifaur Rahman & Shri Raj Kumar Chauhan

penalty proceeding u/s 271(1)(c) of the Act was also separately initiated. 4. Aggrieved by the assessment order, the assessee filed appeal before the ld. CIT(A) who has dismissed the appeal confirming both the additions made by the AO. 5. Hence, aggrieved by the impugned order of the first appellate authority, the assessee is in appeal before

JAIN PERIPHERALS P.LTD,GURGAON vs. DCIT, CIRCLE-13(1), NEW DELHI

In the result, the appeal of the Assessee stands allowed

Bench: Dr. B.R.R. Kumar & Shri N.K. Choudhryassessment Year: 2014-15

127/- on 11.07.2013 and paid interest on loan for the property amounting to Rs.12,83,987/- during the F.Y. 2011-12. The Assesseehas also shown Rs. 29,03,534/- on account of various expenses (Rs.15,93,503/- for possession of shop amount issued in favour of DLF South Point, Rs.2,31,598/- paid for maintenance of shop in favour

BEHL PROMOTERS & REALTORS PVT. LTD.,NEW DELHI vs. DCIT, CENTRAL CIRCLE- 15 , NEW DELHI

In the result, the appeal filed by the assessee are partly allowed

Bench: Shri S. Rifaur Rahman & Shri Sudhir Pareek, Judicialmember

penalty appeal under section 271(1)(c) of the Income-tax Act, 1961 (for short ‘the Act) being ITA No.3366/Del/2019 against the order of ld. CIT (A)-XXVI, New Delhi dated 19.03.2018 for Assessment Year 2006-07. 2. The assessee has filed concise grounds of appeal and additional grounds of appeal. 3. At the time of hearing

BEHL PROMOTERS & REALTORS PVT. LTD.,NEW DELHI vs. ACIT, CENTRAL CIRCLE- 14 , NEW DELHI

In the result, the appeal filed by the assessee are partly allowed

Bench: Shri S. Rifaur Rahman & Shri Sudhir Pareek, Judicialmember

penalty appeal under section 271(1)(c) of the Income-tax Act, 1961 (for short ‘the Act) being ITA No.3366/Del/2019 against the order of ld. CIT (A)-XXVI, New Delhi dated 19.03.2018 for Assessment Year 2006-07. 2. The assessee has filed concise grounds of appeal and additional grounds of appeal. 3. At the time of hearing

SUVIDHA BUILDTECH PVT LTD,DELHI vs. ACIT CENTRAL CIRCLE-13, DELHI

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

Bench: Shri M. Balaganesh & Shri Anubhav Sharma

127 of the Act dated 21.04.2016. After recording satisfaction note, notice u/s 153C of the Act stood issued to the assessee on 30.03.2018. In response to the notice, the assessee company filed its return of income of Rs. 1,04,540/-. The assessment for the AY 2012-13 was completed u/s 153C read with section

SUVIDHA BUILDTECH PVT LTD,DELHI vs. ACIT CENTRAL CIRCLE-13, DELHI

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

Bench: Shri M. Balaganesh & Shri Anubhav Sharma

127 of the Act dated 21.04.2016. After recording satisfaction note, notice u/s 153C of the Act stood issued to the assessee on 30.03.2018. In response to the notice, the assessee company filed its return of income of Rs. 1,04,540/-. The assessment for the AY 2012-13 was completed u/s 153C read with section