ADDL. CIT, NEW DELHI vs. M/S IRCON INTERNATIONAL LTD.,, NEW DELHI

In the result, appeal of the Assessee is 7

Bench: Shri Anil Chaturvedi & Ms. Astha Chandra

penalty u/s 271(l)(c) of the Income-tax Act, 1961 (The Act, for short) by Ld. CIT (Appeal), in the aforesaid appeal levied by the A.O. rejecting the claim of the Appellant-Assessee u/s 80IA of the Act. 2. Most respectfully the following humble submissions based on facts as well as applicable statutory provisions are made here- in-under

M/S. IRCON INTERNATIONAL LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, appeal of the Assessee is 7

Bench: Shri Anil Chaturvedi & Ms. Astha Chandra

penalty u/s 271(l)(c) of the Income-tax Act, 1961 (The Act, for short) by Ld. CIT (Appeal), in the aforesaid appeal levied by the A.O. rejecting the claim of the Appellant-Assessee u/s 80IA of the Act. 2. Most respectfully the following humble submissions based on facts as well as applicable statutory provisions are made here- in-under

ADDI. CIT SPL. RANGE-3, NEW DELHI vs. DELHI TOURISM & TRANSPORTATION DEVELOPMENT CORPORATION LTD. , NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

271/- and income tax refund at Rs.37,26,954/- at income assessed at Rs. 9,50,06,930/-. Against the order, appellant the appeal. During the course of appellate proceedings, Mr. Ajay Manager (Finance), Mr. Page 8 of 52 ITA No.5167/Del/2019 & Ors. Delhi Tourism & Transportation Development Corporation Ltd. vs. ACIT Manoj Kumar, CA and Ms. Juli Batra attended the proceedings

ACIT SPECIAL RANGE-3, NEW DELHI vs. DELHI TOURISM & TRANSPORTATION DEVELOPMENT CORPORATION LTD., NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

271/- and income tax refund at Rs.37,26,954/- at income assessed at Rs. 9,50,06,930/-. Against the order, appellant the appeal. During the course of appellate proceedings, Mr. Ajay Manager (Finance), Mr. Page 8 of 52 ITA No.5167/Del/2019 & Ors. Delhi Tourism & Transportation Development Corporation Ltd. vs. ACIT Manoj Kumar, CA and Ms. Juli Batra attended the proceedings

ADDL.CIT, SPECIAL RANGE-3, NEW DELHI vs. DELHI TOURISM TRANSPORTATION AND DEVELOPMENT CORPORATION LTD., NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

271/- and income tax refund at Rs.37,26,954/- at income assessed at Rs. 9,50,06,930/-. Against the order, appellant the appeal. During the course of appellate proceedings, Mr. Ajay Manager (Finance), Mr. Page 8 of 52 ITA No.5167/Del/2019 & Ors. Delhi Tourism & Transportation Development Corporation Ltd. vs. ACIT Manoj Kumar, CA and Ms. Juli Batra attended the proceedings

DELHI TOURISM TRANSPORTATION AND DEVELOPMENT CORPORATION LTD.,NEW DELHI vs. ADDL.CIT, SPECIAL RANGE-3, NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

271/- and income tax refund at Rs.37,26,954/- at income assessed at Rs. 9,50,06,930/-. Against the order, appellant the appeal. During the course of appellate proceedings, Mr. Ajay Manager (Finance), Mr. Page 8 of 52 ITA No.5167/Del/2019 & Ors. Delhi Tourism & Transportation Development Corporation Ltd. vs. ACIT Manoj Kumar, CA and Ms. Juli Batra attended the proceedings

DELHI TOURISM & TRANSPORTATION DEVELOPMENT CORPORATION LTD. ,NEW DELHI vs. DCIT CIRCLE-10(1), NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

271/- and income tax refund at Rs.37,26,954/- at income assessed at Rs. 9,50,06,930/-. Against the order, appellant the appeal. During the course of appellate proceedings, Mr. Ajay Manager (Finance), Mr. Page 8 of 52 ITA No.5167/Del/2019 & Ors. Delhi Tourism & Transportation Development Corporation Ltd. vs. ACIT Manoj Kumar, CA and Ms. Juli Batra attended the proceedings

ADDL.CIT, SPECIAL RANGE-3, NEW DELHI vs. DELHI TOURISM TRANSPORTATION AND DEVELOPMENT CORPORATION LTD., NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

271/- and income tax refund at Rs.37,26,954/- at income assessed at Rs. 9,50,06,930/-. Against the order, appellant the appeal. During the course of appellate proceedings, Mr. Ajay Manager (Finance), Mr. Page 8 of 52 ITA No.5167/Del/2019 & Ors. Delhi Tourism & Transportation Development Corporation Ltd. vs. ACIT Manoj Kumar, CA and Ms. Juli Batra attended the proceedings

ADDL.CIT, SPECIAL RANGE-3, NEW DELHI vs. DELHI TOURISM TRANSPORTATION AND DEVELOPMENT CORPORATION LTD., NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

271/- and income tax refund at Rs.37,26,954/- at income assessed at Rs. 9,50,06,930/-. Against the order, appellant the appeal. During the course of appellate proceedings, Mr. Ajay Manager (Finance), Mr. Page 8 of 52 ITA No.5167/Del/2019 & Ors. Delhi Tourism & Transportation Development Corporation Ltd. vs. ACIT Manoj Kumar, CA and Ms. Juli Batra attended the proceedings

DCIT, NEW DELHI vs. M/S. BHARAT ALUMINIUM COMPANY LIMITED, NEW DELHI

Bench: Shri B.P.Jain & Shri Sudhanshu Srivastava

section 271 (1) (c) of the Act on the disallowance and in appeal by the assessee, the Ld. CIT (Appeals) deleted the penalty and now the Department is in appeal against the deletion of the said penalty. The following grounds have been raised in this appeal:- “1. On the facts and in the circumstances of the case

BHARAT SANCHAR NIGAM LTD.,NEW DELHI vs. DCIT, NEW DELHI

The appeals of the assessee are allowed

Bench: Shri S.V. Mehrotra & Shri Sudhanshu Srivastavaay: 2005-06 Ay: 2009-10

271(1)(c) of the Act was not imposable on claims made but negated by a subsequent amendment. 5. The Ld. DR placed reliance on the order of the Assessing Officer and submitted that the penalty had been imposed correctly. 6. We have heard the rival submissions and have perused the material on record. As far as the penalty

ACIT, NEW DELHI vs. M/S. BHARAT SANCHAR NIGAM LTD., NEW DELHI

The appeals of the assessee are allowed

Bench: Shri S.V. Mehrotra & Shri Sudhanshu Srivastavaay: 2005-06 Ay: 2009-10

271(1)(c) of the Act was not imposable on claims made but negated by a subsequent amendment. 5. The Ld. DR placed reliance on the order of the Assessing Officer and submitted that the penalty had been imposed correctly. 6. We have heard the rival submissions and have perused the material on record. As far as the penalty

DCIT, NEW DELHI vs. M/S. BHARAT SANCHAR NIGAM LTD., NEW DELHI

The appeals of the assessee are allowed

Bench: Shri S.V. Mehrotra & Shri Sudhanshu Srivastavaay: 2005-06 Ay: 2009-10

271(1)(c) of the Act was not imposable on claims made but negated by a subsequent amendment. 5. The Ld. DR placed reliance on the order of the Assessing Officer and submitted that the penalty had been imposed correctly. 6. We have heard the rival submissions and have perused the material on record. As far as the penalty

BHARAT SANCHAR NIGAM LTD.,NEW DELHI vs. ACIT, NEW DELHI

The appeals of the assessee are allowed

Bench: Shri S.V. Mehrotra & Shri Sudhanshu Srivastavaay: 2005-06 Ay: 2009-10

271(1)(c) of the Act was not imposable on claims made but negated by a subsequent amendment. 5. The Ld. DR placed reliance on the order of the Assessing Officer and submitted that the penalty had been imposed correctly. 6. We have heard the rival submissions and have perused the material on record. As far as the penalty

ACIT, CIRCLE-9(1), NEW DELHI vs. FINEST PROMOTERS (P) LTD., NEW DELHI

Accordingly, appeals filed by the revenue for AY 2011-12 to 2015-16 in ITA Nos. 7814/Del/2018 to 7817/Del/2018 and 3662/Del/2019 respectively, are dismissed

Bench: Shri Satbeer Singh Godara & Shri Manish Agarwal[Assessment Year : 2010-11] M/S. Finest Promoters (P.) Ltd., Vs Acit, 232B, 3Rd Floor, Okhla Industrial Central Circle-10, Estate, Phase-Iii, New Delhi New Delhi-110020. Pan-Aaacf1102H Appellant Respondent

Penalty u/s 271(1)(c) 2. First, we take the assessee’s appeal in ITA No.2736/Del/2018 for A.Y. 2010-11. 3. Brief facts of the case are that the assessee has filed its return of income declaring total income of Rs. 23,75,250/- on 14.10.2010 after claiming deduction u/s 80IA of the Act of Rs. 7.15 crores which

M/S. FINEST PROMOTERS (P) LTD.,NEW DELHI vs. ACIT, NEW DELHI

Accordingly, appeals filed by the revenue for AY 2011-12 to 2015-16 in ITA Nos. 7814/Del/2018 to 7817/Del/2018 and 3662/Del/2019 respectively, are dismissed

Bench: Shri Satbeer Singh Godara & Shri Manish Agarwal[Assessment Year : 2010-11] M/S. Finest Promoters (P.) Ltd., Vs Acit, 232B, 3Rd Floor, Okhla Industrial Central Circle-10, Estate, Phase-Iii, New Delhi New Delhi-110020. Pan-Aaacf1102H Appellant Respondent

Penalty u/s 271(1)(c) 2. First, we take the assessee’s appeal in ITA No.2736/Del/2018 for A.Y. 2010-11. 3. Brief facts of the case are that the assessee has filed its return of income declaring total income of Rs. 23,75,250/- on 14.10.2010 after claiming deduction u/s 80IA of the Act of Rs. 7.15 crores which

ACIT, CIRCLE-9(1), NEW DELHI vs. FINEST PROMOTERS (P) LTD., NEW DELHI

Accordingly, appeals filed by the revenue for AY 2011-12 to 2015-16 in ITA Nos. 7814/Del/2018 to 7817/Del/2018 and 3662/Del/2019 respectively, are dismissed

Bench: Shri Satbeer Singh Godara & Shri Manish Agarwal[Assessment Year : 2010-11] M/S. Finest Promoters (P.) Ltd., Vs Acit, 232B, 3Rd Floor, Okhla Industrial Central Circle-10, Estate, Phase-Iii, New Delhi New Delhi-110020. Pan-Aaacf1102H Appellant Respondent

Penalty u/s 271(1)(c) 2. First, we take the assessee’s appeal in ITA No.2736/Del/2018 for A.Y. 2010-11. 3. Brief facts of the case are that the assessee has filed its return of income declaring total income of Rs. 23,75,250/- on 14.10.2010 after claiming deduction u/s 80IA of the Act of Rs. 7.15 crores which

ACIT, CIRCLE-9(1), NEW DELHI vs. FINEST PROMOTERS (P) LTD., NEW DELHI

Accordingly, appeals filed by the revenue for AY 2011-12 to 2015-16 in ITA Nos. 7814/Del/2018 to 7817/Del/2018 and 3662/Del/2019 respectively, are dismissed

Bench: Shri Satbeer Singh Godara & Shri Manish Agarwal[Assessment Year : 2010-11] M/S. Finest Promoters (P.) Ltd., Vs Acit, 232B, 3Rd Floor, Okhla Industrial Central Circle-10, Estate, Phase-Iii, New Delhi New Delhi-110020. Pan-Aaacf1102H Appellant Respondent

Penalty u/s 271(1)(c) 2. First, we take the assessee’s appeal in ITA No.2736/Del/2018 for A.Y. 2010-11. 3. Brief facts of the case are that the assessee has filed its return of income declaring total income of Rs. 23,75,250/- on 14.10.2010 after claiming deduction u/s 80IA of the Act of Rs. 7.15 crores which

ACIT, CIRCLE-9(1), NEW DELHI vs. FINEST PROMOTERS (P) LTD., NEW DELHI

Accordingly, appeals filed by the revenue for AY 2011-12 to 2015-16 in ITA Nos. 7814/Del/2018 to 7817/Del/2018 and 3662/Del/2019 respectively, are dismissed

Bench: Shri Satbeer Singh Godara & Shri Manish Agarwal[Assessment Year : 2010-11] M/S. Finest Promoters (P.) Ltd., Vs Acit, 232B, 3Rd Floor, Okhla Industrial Central Circle-10, Estate, Phase-Iii, New Delhi New Delhi-110020. Pan-Aaacf1102H Appellant Respondent

Penalty u/s 271(1)(c) 2. First, we take the assessee’s appeal in ITA No.2736/Del/2018 for A.Y. 2010-11. 3. Brief facts of the case are that the assessee has filed its return of income declaring total income of Rs. 23,75,250/- on 14.10.2010 after claiming deduction u/s 80IA of the Act of Rs. 7.15 crores which