ACIT, NEW DELHI vs. M/S. THAPAR HOMES LTD., NEW DELHI

Bench: Shri Vikas Awasthy & Shri M. Balaganeshआअसं. 570, 571 & 41 /िद"ी/2017 (िन.व. 2006-07, 2007-08 & 2009-10)

unexplained cash credit u/s 68. Therefore, the same is added to the assessee's income. As the assessee has concealed income penalty u/s 271

THAPAR HOMES LTD.,NEW DELHI vs. ACIT, NEW DELHI

Bench: Shri Vikas Awasthy & Shri M. Balaganeshआअसं. 570, 571 & 41 /िद"ी/2017 (िन.व. 2006-07, 2007-08 & 2009-10)

unexplained cash credit u/s 68. Therefore, the same is added to the assessee's income. As the assessee has concealed income penalty u/s 271

THAPAR HOMES LTD.,NEW DELHI vs. ACIT, NEW DELHI

Bench: Shri Vikas Awasthy & Shri M. Balaganeshआअसं. 570, 571 & 41 /िद"ी/2017 (िन.व. 2006-07, 2007-08 & 2009-10)

unexplained cash credit u/s 68. Therefore, the same is added to the assessee's income. As the assessee has concealed income penalty u/s 271

HITESH CONSTRUCTION P.LTD,NEW DELHI vs. ACIT, CENTRAL CIRCAL-06, NEW DELHI

Bench: Shri Anil Chaturvedi & Shri Kuldip Singh(Through Video Conference)

unexplained cash credits And at an income of Rs1,00,000/- each for AYs 2010-11, 2011-12 & 2011-12 respectively by making addition of Rs.1,00,000/- on account of disclosure made by the assessee before the Income Tax Settlement Commission. Penalty proceedings have been initiated against the assessee u/s 271

HITESH CONSTRUCTION P.LTD,NEW DELHI vs. ACIT, CENTRAL CIRCAL-06, NEW DELHI

Bench: Shri Anil Chaturvedi & Shri Kuldip Singh(Through Video Conference)

unexplained cash credits And at an income of Rs1,00,000/- each for AYs 2010-11, 2011-12 & 2011-12 respectively by making addition of Rs.1,00,000/- on account of disclosure made by the assessee before the Income Tax Settlement Commission. Penalty proceedings have been initiated against the assessee u/s 271

HITESH CONSTRUCTION P.LTD,NEW DELHI vs. ACIT, CENTRAL CIRCAL-06, NEW DELHI

Bench: Shri Anil Chaturvedi & Shri Kuldip Singh(Through Video Conference)

unexplained cash credits And at an income of Rs1,00,000/- each for AYs 2010-11, 2011-12 & 2011-12 respectively by making addition of Rs.1,00,000/- on account of disclosure made by the assessee before the Income Tax Settlement Commission. Penalty proceedings have been initiated against the assessee u/s 271

HITESH CONSTRUCTION P.LTD,NEW DELHI vs. ACIT, CENTRAL CIRCAL-06, NEW DELHI

Bench: Shri Anil Chaturvedi & Shri Kuldip Singh(Through Video Conference)

unexplained cash credits And at an income of Rs1,00,000/- each for AYs 2010-11, 2011-12 & 2011-12 respectively by making addition of Rs.1,00,000/- on account of disclosure made by the assessee before the Income Tax Settlement Commission. Penalty proceedings have been initiated against the assessee u/s 271

HITESH CONSTRUCTION P.LTD,NEW DELHI vs. ACIT, CENTRAL CIRCAL-06, NEW DELHI

Bench: Shri Anil Chaturvedi & Shri Kuldip Singh(Through Video Conference)

unexplained cash credits And at an income of Rs1,00,000/- each for AYs 2010-11, 2011-12 & 2011-12 respectively by making addition of Rs.1,00,000/- on account of disclosure made by the assessee before the Income Tax Settlement Commission. Penalty proceedings have been initiated against the assessee u/s 271

RADHIKA SURGICAL PVT. LTD.,NEW DELHI vs. ACIT, CENTRAL CIRCLE- 6, NEW DELHI

In the result, appeal of the assessee is allowed

Bench: Sh. Anil Chaturvedi & Sh. Kuldip Singh(Through Video Conferencing) Radhika Surgical Pvt. Ltd. Vs. Acit C-30, Panchsheel Enclave, Central Circle – 6, New Delhi-110017 New Delhi Pan : Aadcr 5053 L (Appellant) (Respondent) Assessee By Shri P. C. Yadav, Adv. Revenue By Shri Farhad Khan, Sr. D.R. Date Of Hearing: 05/04/2021 Date Of Pronouncement: 31/05/2021 Order Per Anil Chaturvedi, Am :

unexplained cash credits After giving effect to the order of CIT(A), the Assessing Officer after providing the assessee an opportunity to show cause as to why 8 penalty u/s 271

M/S SINGHAL STRIPS LTD.,,DELHI vs. DCIT,, NEW DELHI

Bench: Shri R.K.Panda & Shri Kuldip Singh

cash credit and unexplained 3 ITA No. 2325/Del./2017 expenditure respectively, AO proceeded to initiate the penalty proceedings against the assessee u/s 271

VISHWANATH AGGARWAL,DELHI vs. THE ADDL. CIT, CENTRAL RANGE-05, DELHI

The appeals of the assessee are allowed and the penalty is deleted

Bench: Shri G.S. Pannu, Hon’Ble & Shri Anubhav Sharmaitas No.611 To 618/Del/2022 Assessment Years: 2010-11, 2012-13, 2011-12,2013-14, 2010-11, 2011-12, 2012-13 & 2013-14 Vishwanath Aggarwal, Vs Addl. Cit, House No.98, Block C-2, Range-05, Janakpuri, Delhi. New Delhi – 110 058. Pan: Abxpa4825B (Appellant) (Respondent) Assessee By : Shri Sudesh Garg, Advocate & Shri Prince Bansal, Ca Revenue By : Ms Sapna Bhatia, Cit-Dr Date Of Hearing : 04.07.2024 Date Of Pronouncement : .07.2024 Order Per Anubhav Sharma, Jm: These Are Appeals Preferred By The Assessee Against The Orders Of The Commissioner Of Income Tax (Appeals) (Hereinafter Referred To As Ld. First Appellate Authority Or ‘The Ld. Faa’ For Short) In Appeals Filed Before Him Against The Penalty Orders Of The Ld. Assessing Officer (Hereinafter Referred To As The Ld. Ao, For Short). Further Details Of The Penalty Orders Of The Lower Authorities Are As Under:-

credit side is having the sums of amounts repaid in cash by the assessee during the year under consideration. Referring to the assessment order it was submitted that allegedly the assessee had received cash loans from the Ashram to the tune of Rs. 21,79,65,316/- and made repayments in cash totaling

VISHWANATH AGGARWAL,DELHI vs. THE ADDL. CIT, CENTRAL RANGE-05, DELHI

The appeals of the assessee are allowed and the penalty is deleted

Bench: Shri G.S. Pannu, Hon’Ble & Shri Anubhav Sharmaitas No.611 To 618/Del/2022 Assessment Years: 2010-11, 2012-13, 2011-12,2013-14, 2010-11, 2011-12, 2012-13 & 2013-14 Vishwanath Aggarwal, Vs Addl. Cit, House No.98, Block C-2, Range-05, Janakpuri, Delhi. New Delhi – 110 058. Pan: Abxpa4825B (Appellant) (Respondent) Assessee By : Shri Sudesh Garg, Advocate & Shri Prince Bansal, Ca Revenue By : Ms Sapna Bhatia, Cit-Dr Date Of Hearing : 04.07.2024 Date Of Pronouncement : .07.2024 Order Per Anubhav Sharma, Jm: These Are Appeals Preferred By The Assessee Against The Orders Of The Commissioner Of Income Tax (Appeals) (Hereinafter Referred To As Ld. First Appellate Authority Or ‘The Ld. Faa’ For Short) In Appeals Filed Before Him Against The Penalty Orders Of The Ld. Assessing Officer (Hereinafter Referred To As The Ld. Ao, For Short). Further Details Of The Penalty Orders Of The Lower Authorities Are As Under:-

credit side is having the sums of amounts repaid in cash by the assessee during the year under consideration. Referring to the assessment order it was submitted that allegedly the assessee had received cash loans from the Ashram to the tune of Rs. 21,79,65,316/- and made repayments in cash totaling

VISHWANATH AGGARWAL,DELHI vs. THE ADDL. CIT, CENTRAL RANGE-05, DELHI

The appeals of the assessee are allowed and the penalty is deleted

Bench: Shri G.S. Pannu, Hon’Ble & Shri Anubhav Sharmaitas No.611 To 618/Del/2022 Assessment Years: 2010-11, 2012-13, 2011-12,2013-14, 2010-11, 2011-12, 2012-13 & 2013-14 Vishwanath Aggarwal, Vs Addl. Cit, House No.98, Block C-2, Range-05, Janakpuri, Delhi. New Delhi – 110 058. Pan: Abxpa4825B (Appellant) (Respondent) Assessee By : Shri Sudesh Garg, Advocate & Shri Prince Bansal, Ca Revenue By : Ms Sapna Bhatia, Cit-Dr Date Of Hearing : 04.07.2024 Date Of Pronouncement : .07.2024 Order Per Anubhav Sharma, Jm: These Are Appeals Preferred By The Assessee Against The Orders Of The Commissioner Of Income Tax (Appeals) (Hereinafter Referred To As Ld. First Appellate Authority Or ‘The Ld. Faa’ For Short) In Appeals Filed Before Him Against The Penalty Orders Of The Ld. Assessing Officer (Hereinafter Referred To As The Ld. Ao, For Short). Further Details Of The Penalty Orders Of The Lower Authorities Are As Under:-

credit side is having the sums of amounts repaid in cash by the assessee during the year under consideration. Referring to the assessment order it was submitted that allegedly the assessee had received cash loans from the Ashram to the tune of Rs. 21,79,65,316/- and made repayments in cash totaling

VISHWANATH AGGARWAL ,DELHI vs. THE ADDL. CIT, CENTRAL RANGE-05, DELHI

The appeals of the assessee are allowed and the penalty is deleted

Bench: Shri G.S. Pannu, Hon’Ble & Shri Anubhav Sharmaitas No.611 To 618/Del/2022 Assessment Years: 2010-11, 2012-13, 2011-12,2013-14, 2010-11, 2011-12, 2012-13 & 2013-14 Vishwanath Aggarwal, Vs Addl. Cit, House No.98, Block C-2, Range-05, Janakpuri, Delhi. New Delhi – 110 058. Pan: Abxpa4825B (Appellant) (Respondent) Assessee By : Shri Sudesh Garg, Advocate & Shri Prince Bansal, Ca Revenue By : Ms Sapna Bhatia, Cit-Dr Date Of Hearing : 04.07.2024 Date Of Pronouncement : .07.2024 Order Per Anubhav Sharma, Jm: These Are Appeals Preferred By The Assessee Against The Orders Of The Commissioner Of Income Tax (Appeals) (Hereinafter Referred To As Ld. First Appellate Authority Or ‘The Ld. Faa’ For Short) In Appeals Filed Before Him Against The Penalty Orders Of The Ld. Assessing Officer (Hereinafter Referred To As The Ld. Ao, For Short). Further Details Of The Penalty Orders Of The Lower Authorities Are As Under:-

credit side is having the sums of amounts repaid in cash by the assessee during the year under consideration. Referring to the assessment order it was submitted that allegedly the assessee had received cash loans from the Ashram to the tune of Rs. 21,79,65,316/- and made repayments in cash totaling

VISHWANATH AGGARWAL,DELHI vs. THE ADDL. CIT, CENTRAL RANGE-05, DELHI

The appeals of the assessee are allowed and the penalty is deleted

Bench: Shri G.S. Pannu, Hon’Ble & Shri Anubhav Sharmaitas No.611 To 618/Del/2022 Assessment Years: 2010-11, 2012-13, 2011-12,2013-14, 2010-11, 2011-12, 2012-13 & 2013-14 Vishwanath Aggarwal, Vs Addl. Cit, House No.98, Block C-2, Range-05, Janakpuri, Delhi. New Delhi – 110 058. Pan: Abxpa4825B (Appellant) (Respondent) Assessee By : Shri Sudesh Garg, Advocate & Shri Prince Bansal, Ca Revenue By : Ms Sapna Bhatia, Cit-Dr Date Of Hearing : 04.07.2024 Date Of Pronouncement : .07.2024 Order Per Anubhav Sharma, Jm: These Are Appeals Preferred By The Assessee Against The Orders Of The Commissioner Of Income Tax (Appeals) (Hereinafter Referred To As Ld. First Appellate Authority Or ‘The Ld. Faa’ For Short) In Appeals Filed Before Him Against The Penalty Orders Of The Ld. Assessing Officer (Hereinafter Referred To As The Ld. Ao, For Short). Further Details Of The Penalty Orders Of The Lower Authorities Are As Under:-

credit side is having the sums of amounts repaid in cash by the assessee during the year under consideration. Referring to the assessment order it was submitted that allegedly the assessee had received cash loans from the Ashram to the tune of Rs. 21,79,65,316/- and made repayments in cash totaling

VISHWANATH AGGARWAL,DELHI vs. THE ADDL. CIT, CENTRAL RANGE-05, DELHI

The appeals of the assessee are allowed and the penalty is deleted

Bench: Shri G.S. Pannu, Hon’Ble & Shri Anubhav Sharmaitas No.611 To 618/Del/2022 Assessment Years: 2010-11, 2012-13, 2011-12,2013-14, 2010-11, 2011-12, 2012-13 & 2013-14 Vishwanath Aggarwal, Vs Addl. Cit, House No.98, Block C-2, Range-05, Janakpuri, Delhi. New Delhi – 110 058. Pan: Abxpa4825B (Appellant) (Respondent) Assessee By : Shri Sudesh Garg, Advocate & Shri Prince Bansal, Ca Revenue By : Ms Sapna Bhatia, Cit-Dr Date Of Hearing : 04.07.2024 Date Of Pronouncement : .07.2024 Order Per Anubhav Sharma, Jm: These Are Appeals Preferred By The Assessee Against The Orders Of The Commissioner Of Income Tax (Appeals) (Hereinafter Referred To As Ld. First Appellate Authority Or ‘The Ld. Faa’ For Short) In Appeals Filed Before Him Against The Penalty Orders Of The Ld. Assessing Officer (Hereinafter Referred To As The Ld. Ao, For Short). Further Details Of The Penalty Orders Of The Lower Authorities Are As Under:-

credit side is having the sums of amounts repaid in cash by the assessee during the year under consideration. Referring to the assessment order it was submitted that allegedly the assessee had received cash loans from the Ashram to the tune of Rs. 21,79,65,316/- and made repayments in cash totaling

VISHWANATH AGGARWAL ,DELHI vs. THE ADDL. CIT, CENTRAL RANGE-05, DELHI

The appeals of the assessee are allowed and the penalty is deleted

Bench: Shri G.S. Pannu, Hon’Ble & Shri Anubhav Sharmaitas No.611 To 618/Del/2022 Assessment Years: 2010-11, 2012-13, 2011-12,2013-14, 2010-11, 2011-12, 2012-13 & 2013-14 Vishwanath Aggarwal, Vs Addl. Cit, House No.98, Block C-2, Range-05, Janakpuri, Delhi. New Delhi – 110 058. Pan: Abxpa4825B (Appellant) (Respondent) Assessee By : Shri Sudesh Garg, Advocate & Shri Prince Bansal, Ca Revenue By : Ms Sapna Bhatia, Cit-Dr Date Of Hearing : 04.07.2024 Date Of Pronouncement : .07.2024 Order Per Anubhav Sharma, Jm: These Are Appeals Preferred By The Assessee Against The Orders Of The Commissioner Of Income Tax (Appeals) (Hereinafter Referred To As Ld. First Appellate Authority Or ‘The Ld. Faa’ For Short) In Appeals Filed Before Him Against The Penalty Orders Of The Ld. Assessing Officer (Hereinafter Referred To As The Ld. Ao, For Short). Further Details Of The Penalty Orders Of The Lower Authorities Are As Under:-

credit side is having the sums of amounts repaid in cash by the assessee during the year under consideration. Referring to the assessment order it was submitted that allegedly the assessee had received cash loans from the Ashram to the tune of Rs. 21,79,65,316/- and made repayments in cash totaling

VISHWANATH AGGARWAL,DELHI vs. THE ADDL. CIT, CENTRAL RANGE-05, DELHI

The appeals of the assessee are allowed and the penalty is deleted

Bench: Shri G.S. Pannu, Hon’Ble & Shri Anubhav Sharmaitas No.611 To 618/Del/2022 Assessment Years: 2010-11, 2012-13, 2011-12,2013-14, 2010-11, 2011-12, 2012-13 & 2013-14 Vishwanath Aggarwal, Vs Addl. Cit, House No.98, Block C-2, Range-05, Janakpuri, Delhi. New Delhi – 110 058. Pan: Abxpa4825B (Appellant) (Respondent) Assessee By : Shri Sudesh Garg, Advocate & Shri Prince Bansal, Ca Revenue By : Ms Sapna Bhatia, Cit-Dr Date Of Hearing : 04.07.2024 Date Of Pronouncement : .07.2024 Order Per Anubhav Sharma, Jm: These Are Appeals Preferred By The Assessee Against The Orders Of The Commissioner Of Income Tax (Appeals) (Hereinafter Referred To As Ld. First Appellate Authority Or ‘The Ld. Faa’ For Short) In Appeals Filed Before Him Against The Penalty Orders Of The Ld. Assessing Officer (Hereinafter Referred To As The Ld. Ao, For Short). Further Details Of The Penalty Orders Of The Lower Authorities Are As Under:-

credit side is having the sums of amounts repaid in cash by the assessee during the year under consideration. Referring to the assessment order it was submitted that allegedly the assessee had received cash loans from the Ashram to the tune of Rs. 21,79,65,316/- and made repayments in cash totaling