DCIT, NEW DELHI vs. SH. HIMANSHU VERMA, DELHI

In the result all the appeals filed by the Revenue and Assessee are dismissed

Bench: Sh. H.S. Sidhu & Shri L.P. Sahu

bogus/accommodation entries. These accommodation/bogus entries were provided through various concerns run and controlled by assessee. The income of the assessee was reassessed

SH. HIMANSHU VERMA,DELHI vs. DCIT, NEW DELHI

In the result all the appeals filed by the Revenue and Assessee are dismissed

Bench: Sh. H.S. Sidhu & Shri L.P. Sahu

bogus/accommodation entries. These accommodation/bogus entries were provided through various concerns run and controlled by assessee. The income of the assessee was reassessed

SH. HIMANSHU VERMA,DELHI vs. DCIT, NEW DELHI

In the result all the appeals filed by the Revenue and Assessee are dismissed

Bench: Sh. H.S. Sidhu & Shri L.P. Sahu

bogus/accommodation entries. These accommodation/bogus entries were provided through various concerns run and controlled by assessee. The income of the assessee was reassessed

DCIT, NEW DELHI vs. SH. HIMANSHU VERMA, DELHI

In the result all the appeals filed by the Revenue and Assessee are dismissed

Bench: Sh. H.S. Sidhu & Shri L.P. Sahu

bogus/accommodation entries. These accommodation/bogus entries were provided through various concerns run and controlled by assessee. The income of the assessee was reassessed

O.P.YADAV,NEW DELHI vs. DCIT, CENTRAL CIRC LE-15, NEW DELHI

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

Bench: Shri H.S. Sidhu & Shri O.P. Kant

bogus/accommodation entries of ₹ 10,10,000/- from M/s R.K. Agrawal & Company. The Assessing Officer recorded reasons to believe that income of Rs.10,10,000/- escaped to tax and after obtaining approval of superior authorities as required under law, he issued notice under section 148 of the Act on 26/03/2007. 3.4 During assessment proceeding, the assessee contended that the bank account

M/S. STANDARD WATCH CO. (P) LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, the appeal filed by the Assessee stands allowed

Bench: Shri H.S. Sidhu & Shri O.P. Kant

bogus/accommodation entry. The Learned AR submitted that on the basis of said vague information, the Assessing Officer has recorded reasons to belief for initiation of reopening proceedings. He contended that Shri Mahesh Garg is not a director of Dinanath Luhariwala Spinning Mills Pvt. Ltd. with whom the assessee has dealt with. Shri Vinod Garg was director of the said company

PIONEER TOWN PLANNERS PVT. LTD.,NEW DELHI vs. DCIT, CIRCLE- 19(2), NEW DELHI

In the result, appeal of the assessee is allowed on legal grounds

Bench: Shri C.M.Garg & Shri N.K.Billaiyaआयकर अपील सं. / Ita No.132/Del/2018 धनिाारण वर्ा / Assessment Year: 2009-10 Pioneer Town Planners Pvt. Ltd., Vs. Dy. Commissioner Of Income E-104, Greater Kailash Enclave, Tax, Part-I, Circle-19(2), New Delhi. New Delhi. [Pan: Aaecp 6502F] (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) अपीलार्थी की ओर से/ Assessee By : Shri Suresh K. Gupta, C.A, प्रत्यर्थी की ओर से /Revenue By : Smt. Parmita Tripathy, Cit(Dr) सुनवाई की तारीख/Date Of Hearing : 09-05-2018 घोषणा की तारीख /Date Of Pronouncement : 06-08-2018

bogus/accommodation entries. The ld. AR vehemently pointed out that thereafter in last para 9 & 10, the AO, without applying mind to the information received from the Investigation Wing, recorded that he has reason to believe that the an income has escaped assessment which clearly shows that the AO proceeded to initiate initiatory assessment proceedings and reopening of assessment without having

RKM INFOTECH & DEVELOPERS PVT. LTD.,NEW DELHI vs. ITO, NEW DELHI

In the result, appeal of the assessee is allowed on legal grounds

Bench: In The Income Tax Appellate Tribunal Delhi Bench ‘F’ New Delhi

reassessment proceedings and issuance of notice u/s 147 & 148 of the Act: 7 "A report has been received from the Office of the Addl. DVT (Inv) Unit VI Delhi that the assessee has taken bogus/accommodation entries

M/S GRAND SLAM PVT. LTD.,,NEW DELHI vs. ITO, NEW DELHI

In the result, the appeal of the assessee is allowed partly for statistical purpose

Bench: Sh. I.C. Sudhir & Sh. O.P. Kantassessment Year: 2003-04

reassessment proceedings were initiated on the basis of information received from Directorate of Investigation regarding bogus/accommodation entries. The decision in Sarthak

ITA 643/2011 vs. INDIA TERMINAL CONNECTOR SYSTEM LTD.

reassessment proceedings were initiated on the basis of information received from Directorate of Investigation regarding bogus/accommodation entries. The decision in Sarthak

CIT vs. INDIA TERMINAL CONNECTOR SYSTEM LTD

reassessment proceedings were initiated on the basis of information received from Directorate of Investigation regarding bogus/accommodation entries. The decision in Sarthak

ITO, NEW DELHI vs. M/S CARE TRADERS PVT. LTD., NEW DELHI

In the result Revenue’s appeal as well as assessee’s Cross Objection both are dismissed

Bench: Shri J. Sudhakar Reddy & Ms. Suchitra Kamblea.Y. 2004-05

entry operators. In light of these observations the case of assessee was re-opened and notice u/s 148 was issued to the assessee for A. Y. 2004-05 on 20.9.2006 after recording the reasons of re-opening. The assessee filed the letter dated 23.5.2007 requesting that the return of income filed on 30.10.2004 be treated as return filed

M/S. STATCON POWER CONTROLS LIMITED,NEW DELHI vs. ITO, NEW DELHI

In the result, appeal of the assessee is allowed

Bench: Sh. N. K. Sainiita No. 5953/Del/2014 : Asstt. Year : 2005-06 M/S Statcon Power Controls Ltd., Vs Income Tax Officer, 19-E, Pocket-Ii, Kondli Gharoli-Ii, Ward-9(2), Mayur Vihar, Phase-Iii, New Delhi New Delhi-110092 (Appellant) (Respondent) Pan No. Aabcs1814N Assessee By : Sh. Anil Jain, Adv. Revenue By : Sh. F. R. Meena, Sr. Dr Date Of Hearing : 22.09.2016 Date Of Pronouncement : 16.12.2016 Order This Is An Appeal By The Assessee Against The Order Dated 04.09.2014 Of Ld. Cit(A)-Xii, New Delhi. 2. Following Grounds Have Been Raised In This Appeal: “1. The Ld. Cit(A) Has Erred In Confirming The Order Of The Ao In Making The Assessment At The Income Of Rs. 27,05,220 As Against The Returned Income Of Rs, 15,05,220. 2. The Ld Cit(A) Has Erred In Confirming The Order Of The Ld. Ao In Issuing Notice Under Section 148 & Subsequent Proceedings Thereafter Against The Appellant Company. 3. The Ld Cit(A) Has Erred In Confirming The Order Of The Ld. Ao In Treating The Investment By M/S Geecee Finance Limited In Shares Of The Appellant Company As An Accommodation Entry & Consequently Adding It Back To Income Of The Appellant Under Section 68 Of Income Tax Act,1961. 2 Statcon Power Controls Ltd. 4. The Order Of The Cit(A) Is Against Law & Facts Of The Case. 5. The Appellant Craves The Right To Add, Amend Or Withdraw Any Grounds Of Appeal At The Time Of Hearing.” 3. The Main Grievance Of The Assessee In This Appeal Relates To The Reopening The Assessment By Issuing Notice U/S 148 Of The Income Tax Act, 1961 (Hereinafter Referred To As The Act) & Making The Addition Of Rs.12,00,000/- U/S 68 Of The Act.

bogus/accommodation entries as detailed below: S. No. Value of entry taken Date on which entry taken Name of the account holder (Rs.) of entry provider 1. Rs.12,00,000 24.02.2005 GEEFCEE FINANCE LIMITED 5. Accordingly, notice u/s 148 of the Act was issued to the assessee for reopening the assessment u/s 147 of the Act. The assessee asked

M/S. SHREE BALKISHAN AGARWAL GLASS INDUSTRIES LTD.,DELHI vs. DCIT, NEW DELHI

In the result, the appeal filed by the assessee is allowed

Bench: Shri R.K. Panda & Ms Suchitra Kambleassessment Year: 2005-06 Shree Balkishan Agarwal Glass Vs Dcit, Industries Ltd., Circle-8(1), C/O Sarvam & Associates, New Delhi. 403, Klj Tower North, B-5, Netaji Subhash Place, District Centre, Pitampura, Delhi. Pan: Aabcs2870C (Appellant) (Respondent) Assessee By : Shri Suresh Gupta, Ca Revenue By : Shri Saras Kumar, Sr. Dr Date Of Hearing : 26.08.2020 Date Of Pronouncement : 21.09.2020 Order Per R.K. Panda, Am:

bogus/accommodation entries in the form of share capital by entry provider S.K Jain through his groups of companies amounting to Rs.55,00,000/ as per detail mentioned in the assessment order. On the basis of the various information gathered during the course of the search/ post search enquires it was found that the Assessee Company has introduced

HIGHTECH CONSTRUCTION P.LTDR,NEW DELHI vs. ITO, WARD-1(3), FARIDABAD

In the result, both the Appeals of the assessee are partly

Bench: Shri H.S. Sidhu & Shri L.P. Sahu

bogus/accommodation entries provided by certain individuals/companies. The name of the assessee figures as one of the beneficiaries of these alleged bogus transactions given by the Directorate after making the necessary enquiries. In the said information, it has been inter-alia reported as under: "Entries are broadly taken for two purposes: 1. To plough back unaccounted black money for the purpose

HIGHTECH CONSTRUCTION P.LTDR,NEW DELHI vs. ITO, WARD-1(3), FARIDABAD

In the result, both the Appeals of the assessee are partly

Bench: Shri H.S. Sidhu & Shri L.P. Sahu

bogus/accommodation entries provided by certain individuals/companies. The name of the assessee figures as one of the beneficiaries of these alleged bogus transactions given by the Directorate after making the necessary enquiries. In the said information, it has been inter-alia reported as under: "Entries are broadly taken for two purposes: 1. To plough back unaccounted black money for the purpose

M/S. KEY COMPONENTS (P) LTD.,NEW DELHI vs. ITO, NEW DELHI

In the result, appeal of the assessee is allowed

Bench: Shri Bhavnesh Saini, J.M. & Shri L.P. Sahu, A.M.

bogus/accommodation entries provided by certain individuals/companies. The name of the assessee figures as one of the beneficiaries of these alleged bogus transactions given by the Directorate after making the necessary enquiries. In the said information, it has been inter-alia reported as under: 36 ITA.No.366/Del./2016 M/s. Key Components (P) Ltd., Delhi. "Entries are broadly taken for two purposes

RAJESH GUPTA (HUF),NEW DELHI vs. ITO WARD - 31(4), NEW DELHI

In the result, the appeal filed by the assessee is allowed

Bench: Shri R.K. Pandaassessment Year : 2011-12 Rajesh Gupta Huf, Vs. Ito, C/O-Raj Kumar & Associates, Ward-31(4), Chartered Accountants, R. No.1209, Civic Centre, L-7A (Lgf), South Extension New Delhi-110002 Part-Ii, New Delhi-110049 Pan-Aaghr9262M

entries. I find in appeal, the learned CIT(A) upheld the reassessment proceedings as well as the addition on merit. It is the submission of the learned counsel for the assessee that the reopening has been made by the Assessing Officer in a mechanical manner and on borrowed satisfaction without independent application of mind. It is his submission that