SAINI CO-OPERATIVE THARIFT AND CREDIT SOCIETY LTD.,NEW DELHI vs. ITO,WARD-48(1), NEW DELHI

In the result, the appeal of the assessee stands allowed

Bench: Shri Sunil Kumar Singh & Shri Brajesh Kumar Singh[Assessment Year: 2013-14]

271(1)(c) of the Act. 3. Aggrieved with the said order, the assessee preferred an appeal before the Ld. CIT(A). The Ld. CIT(A) dismissed the appeal of the assessee. 4. Aggrieve with the order of the Ld. CIT(A), the assessee is in appeal before us. 5. At the outset, the Ld. Authorized Representative submitted that

DELHI STATE TAXI OPERATORS CO-OPERATIVE THRIFT CREDIT & SERVICES SOCIETY LTD,NEW DELHI vs. JCIT RANGE - 60, NEW DELHI

Bench: Shri Shamim Yahya & Ms. Astha Chandra

271(1)(c) of the Act. Thus, in so far as penalty under section 271E is concerned, it was without any satisfaction and therefore no such penalty could be levied. The assessee also relied on the decision of Mumbai ITAT in Keshu Ramsay vs. JCIT (2006) 5 SOT 9 (Mumbai). 6.2 It was contended by the assessee that the impugned

DELHI STATE TAXI OPERATORS CO-OPERATIVE THRIFT CREDIT & SERVICES SOCIETY LTD,NEW DELHI vs. JCIT RANGE - 60, NEW DELHI

Bench: Shri Shamim Yahya & Ms. Astha Chandra

271(1)(c) of the Act. Thus, in so far as penalty under section 271E is concerned, it was without any satisfaction and therefore no such penalty could be levied. The assessee also relied on the decision of Mumbai ITAT in Keshu Ramsay vs. JCIT (2006) 5 SOT 9 (Mumbai). 6.2 It was contended by the assessee that the impugned

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

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

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

ALLIED FINANCE P. LTD.,NEW DELHI vs. ACIT, DELHI

Bench: Shri Satbeer Singh Godara & Shri S. Rifaur Rahmanassessment Year: 2015-16 Co-Operative Cane Vs. Income Tax Officer, Development Union Ltd., Ward-1(2), Cane Union, Hapur, Ghaziabad Uttar Pradesh Pan: Aaajc0224M (Appellant) (Respondent) With Assessment Year: 2010-11 With Assessment Year: 2010-11 With Assessment Year: 2011-12 With Assessment Year: 2011-12 With Assessment Year: 2012-13 With Assessment Year: 2012-13

4 | P a g e ITA No.4083 to 4089/Del/2024 & 4068/Del/2024 considered Totgars Co-operative Sale Society Ltd.(supra) to decide the same against the department, as under: “5. We heard the rival submissions and perused the material on record. We find this issue is no more res integra by virtue of catena of decisions passed by the Coordinate Benches

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

80P(2)(a)(i), to pay income-tax thereon. The placement of such funds being imperative for the purposes of carrying on the banking business, the income derived therefrom would be income from the assessee's business." 41. In the AY in question, the AO did not accept the case of the Assessee that the income earned on the sale/redemption

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

80P(2)(a)(i), to pay income-tax thereon. The placement of such funds being imperative for the purposes of carrying on the banking business, the income derived therefrom would be income from the assessee's business." 41. In the AY in question, the AO did not accept the case of the Assessee that the income earned on the sale/redemption

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

80P(2)(a)(i), to pay income-tax thereon. The placement of such funds being imperative for the purposes of carrying on the banking business, the income derived therefrom would be income from the assessee's business." 41. In the AY in question, the AO did not accept the case of the Assessee that the income earned on the sale/redemption