ANIL CHAUDHARY,NEW DELHI vs. ACIT CENTRAL CIRCLE-17, NEW DELHI

In the result, appeals filed by the assessee are allowed

Bench: Shri S.Rifaur Rahman & Shri Anubhav Sharma

221 Taxman 47 (Guj) (Mag) CIT vs. Sun Builders vi) 201 Taxman 95 (Jhar) (Mag) CIT vs. Ravindra Kumar Jain Section 132 of the Income-tax Act, 1961 - Search and seizure - Assessment year 1994-95 - During course of search operation, assessee first stated that he had no undisclosed income and thereafter he surrendered a sum of Rs. 7 lakhs

ANIL CHAUDHARY,NEW DELHI vs. ACIT CENTRAL CIRCLE-17, NEW DELHI

In the result, appeals filed by the assessee are allowed

Bench: Shri S.Rifaur Rahman & Shri Anubhav Sharma

221 Taxman 47 (Guj) (Mag) CIT vs. Sun Builders vi) 201 Taxman 95 (Jhar) (Mag) CIT vs. Ravindra Kumar Jain Section 132 of the Income-tax Act, 1961 - Search and seizure - Assessment year 1994-95 - During course of search operation, assessee first stated that he had no undisclosed income and thereafter he surrendered a sum of Rs. 7 lakhs

ANIL CHAUDHARY,NEW DELHI vs. ACIT CENTRAL CIRCLE-17, NEW DELHI

In the result, appeals filed by the assessee are allowed

Bench: Shri S.Rifaur Rahman & Shri Anubhav Sharma

221 Taxman 47 (Guj) (Mag) CIT vs. Sun Builders vi) 201 Taxman 95 (Jhar) (Mag) CIT vs. Ravindra Kumar Jain Section 132 of the Income-tax Act, 1961 - Search and seizure - Assessment year 1994-95 - During course of search operation, assessee first stated that he had no undisclosed income and thereafter he surrendered a sum of Rs. 7 lakhs

ANIL CHAUDHARY,NEW DELHI vs. ACIT CENTRAL CIRCLE-17, NEW DELHI

In the result, appeals filed by the assessee are allowed

Bench: Shri S.Rifaur Rahman & Shri Anubhav Sharma

221 Taxman 47 (Guj) (Mag) CIT vs. Sun Builders vi) 201 Taxman 95 (Jhar) (Mag) CIT vs. Ravindra Kumar Jain Section 132 of the Income-tax Act, 1961 - Search and seizure - Assessment year 1994-95 - During course of search operation, assessee first stated that he had no undisclosed income and thereafter he surrendered a sum of Rs. 7 lakhs

BIHARI CHARITABLE TRUST,DELHI vs. ITO(E), WARD GHAZIABAD, GHAZIABAD

In the result the appeal of the assessee in ITA No

Bench: Shri N.K. Billaiya & Shri Anubhav Sharma

reassessment proceedings is at pages 22 to 221 of the Paper Book wherein the name of the assessee- trust has been mentioned at address 65, AGCR Enclave, Delhi – 110092, Shri Rakesh Kumar Gupta at 7/20, Raj Nagar, Ghaziabad, meaning thereby, that none of the documents contain any address pertaining to Noida. 6. Vide notice dated 13.07.2015, the Assessing Officer pointed

ACIT, CENTRAL CIRCLE-13, NEW DELHI vs. PRAGUN FINANCE PVT.LTD., NEW DELHI

The appeal of the Revenue is dismissed

Bench: Shri G.S. Pannu, Hon’Ble & Shri Anubhav Sharmaassessment Year: 2010-11 Acit, Vs Pragun Finance Pvt. Ltd., Central Circle-13, 26, Main Ring Road, New Delhi. Part-4, Lajpat Nagar, New Delhi. Pan: Aaecp2711N (Appellant) (Respondent) Assessee By : Shri Kanwaljit Singh, Ca Revenue By : Shri P.N. Barnwal, Cit-Dr Date Of Hearing : 28.03.2024 Date Of Pronouncement : 30.05.2024

221/- earned from laundering of fund for providing accommodation entries to the beneficiaries. 7. That the ld. CIT(A) has erred in law and on facts in deleting disallowance of bogus expenses of Rs.5,80,314/- booked in profit and loss account being not genuine and not allowable u/s 37 of the Act. 8. (a) The Ld. Commissioner of Income

MUKUL RANI THAKUR,DEHRADUN vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-31, DELHI, NEW DELHI

In the result, the appeal of the assessee is allowed

Bench: Shri Pradip Kumar Kedia & Shri Pradip Kumar Kedia & Shri Pradip Kumar Kedia & Shri Vimal Kumarshri Vimal Kumar

221 (Madras HC); (Madras HC);  Dr. K.M. Mehaboob v. DCIT [2012] 26 taxmann.com 54 (Kerala Dr. K.M. Mehaboob v. DCIT [2012] 26 taxmann.com 54 (Kerala Dr. K.M. Mehaboob v. DCIT [2012] 26 taxmann.com 54 (Kerala HC);  Ashokji Chanduji Thakor v. PCIT [2021] 130 taxmann.com 130 Ashokji Chanduji Thakor v. PCIT [2021] 130 taxmann.com 130 Ashokji Chanduji Thakor v. PCIT

ACIT, CENTRAL CIRCLE-19, NEW DELHI vs. M/S K.R. PULP & PAPERS LTD,, NEW DELHI

In the result, the appeal of the Revenue is

Bench: Shri R.K. Panda & Shri N.K. Choudhry

221 TAXMAN 0014 (Del.) 7. Globus Securities & Finance Pvt Ltd 224 TAXMAN 237 (Delhi) 8. Empire Buittech Pvt. Ltd 366ITR 110 (Delhi) 9. ONASSIS AXLES PRIVATE LIMITED 364 ITR 53 (Delhi) 10. FOCUS EXPORTS PVT. LTD. 111 DTR 0012 (Del) 11. RathiFinlease Ltd 215 CTR 429 MP 12. Kundan Investment Ltd 263 ITR 626 (Cat) 13. Korlay Trading

JINDAL PHOTO LTD.,NEW DELHI vs. ACIT, CC- 30, NEW DELHI

221 CTR 491 (P&H)\n• CIT vs. Hero Honda Finlease Lad: 115 TTJ 752 (Del TM)\n• SNC-Lavalin Acres Inc: 110 TTJ 13 (Del.)\n• Sirpur Paper Mills Ltd. vs. ACTT: ITA No. 425/Hyd/01 (Hyd)\n• Chicago Pneumatic India P. Ltd. vs. DCIT (2007) 15 SOT 252 (Mum)\n• Emerson Net Work Power India (P) Ltd. vs. ACIT

M/S. JINDAL PHOTO LTD.,NEW DELHI vs. ACIT, NEW DELHI

221 CTR 491 (P&H)\n• CIT vs. Hero Honda Finlease Lad: 115 TTJ 752 (Del TM)\n• SNC-Lavalin Acres Inc: 110 TTJ 13 (Del.)\n• Sirpur Paper Mills Ltd. vs. ACTT: ITA No. 425/Hyd/01 (Hyd)\n• Chicago Pneumatic India P. Ltd. vs. DCIT (2007) 15 SOT 252 (Mum)\n• Emerson Net Work Power India (P) Ltd. vs. ACIT

M/S. JINDAL PHOTO LTD.,NEW DELHI vs. ACIT, NEW DELHI

In the result, all the appeals of the assessee in ITA No

221 CTR 491 (P&H)\n• CIT vs. Hero Honda Finlease Lad: 115 TTJ 752 (Del TM)\n• SNC-Lavalin Acres Inc: 110 TTJ 13 (Del.)\n• Sirpur Paper Mills Ltd. vs. ACTT: ITA No. 425/Hyd/01 (Hyd)\n• Chicago Pneumatic India P. Ltd. vs. DCIT (2007) 15 SOT 252 (Mum)\n• Emerson Net Work Power India (P) Ltd. vs. ACIT

M/S JINDAL PHOTO LTD.,,NEW DELHI vs. ACIT, NEW DELHI

In the result, all the appeals of the assessee in ITA No

Bench: Shri Vikas Awasthy & Shri Naveen Chandra

221 CTR 491 (P&H) • CIT vs. Hero Honda Finlease Lad: 115 TTJ 752 (Del TM) • SNC-Lavalin Acres Inc: 110 TTJ 13 (Del.) • Sirpur Paper Mills Ltd. vs. ACTT: ITA No. 425/Hyd/01 (Hyd) • Chicago Pneumatic India P. Ltd. vs. DCIT (2007) 15 SOT 252 (Mum) • Emerson Net Work Power India (P) Ltd. vs. ACIT

M/S. JINDAL PHOTO LTD.,NEW DELHI vs. ACIT, NEW DELHI

In the result, all the appeals of the assessee in ITA No

Bench: Shri Vikas Awasthy & Shri Naveen Chandra

221 CTR 491 (P&H) • CIT vs. Hero Honda Finlease Lad: 115 TTJ 752 (Del TM) • SNC-Lavalin Acres Inc: 110 TTJ 13 (Del.) • Sirpur Paper Mills Ltd. vs. ACTT: ITA No. 425/Hyd/01 (Hyd) • Chicago Pneumatic India P. Ltd. vs. DCIT (2007) 15 SOT 252 (Mum) • Emerson Net Work Power India (P) Ltd. vs. ACIT

M/S. JINDAL PHOTO LTD.,NEW DELHI vs. ACIT, NEW DELHI

In the result, all the appeals of the assessee in ITA No

221 CTR 491 (P&H)\n• CIT vs. Hero Honda Finlease Lad: 115 TTJ 752 (Del TM)\n• SNC-Lavalin Acres Inc: 110 TTJ 13 (Del.)\n• Sirpur Paper Mills Ltd. vs. ACTT: ITA No. 425/Hyd/01 (Hyd)\n• Chicago Pneumatic India P. Ltd. vs. DCIT (2007) 15 SOT 252 (Mum)\n• Emerson Net Work Power India (P) Ltd. vs. ACIT

DCIT, NEW DELHI vs. M/S CHOTTI LEASING & FINANCE PVT. LTD.,, NEW DELHI

In the result, the appeals filed by the Revenue in ITA No

Bench: Shri N.K. Billaiya & Shri Anubhav Sharma

reassess income of such other person in accordance with the provisions of section 153A :] " 4. Thus, according to the provisions of section 153C, it can be seen that the AO has no jurisdiction to initiate proceedings u/s 153C unless the money, bullion, jewellery or other valuable article or thing or books of account or documents are seized

DCIT, NEW DELHI vs. M/S CHOTTI LEASING & FINANCE PVT. LTD.,, NEW DELHI

In the result, the appeals filed by the Revenue in ITA No

Bench: Shri N.K. Billaiya & Shri Anubhav Sharma

reassess income of such other person in accordance with the provisions of section 153A :] " 4. Thus, according to the provisions of section 153C, it can be seen that the AO has no jurisdiction to initiate proceedings u/s 153C unless the money, bullion, jewellery or other valuable article or thing or books of account or documents are seized

DCIT, NEW DELHI vs. M/S CHOTTI LEASING & FINANCE PVT. LTD.,, NEW DELHI

In the result, the appeals filed by the Revenue in ITA No

Bench: Shri N.K. Billaiya & Shri Anubhav Sharma

reassess income of such other person in accordance with the provisions of section 153A :] " 4. Thus, according to the provisions of section 153C, it can be seen that the AO has no jurisdiction to initiate proceedings u/s 153C unless the money, bullion, jewellery or other valuable article or thing or books of account or documents are seized

DCIT, NEW DELHI vs. M/S CHOTTI LEASING & FINANCE PVT. LTD.,, NEW DELHI

In the result, the appeals filed by the Revenue in ITA No

Bench: Shri N.K. Billaiya & Shri Anubhav Sharma

reassess income of such other person in accordance with the provisions of section 153A :] " 4. Thus, according to the provisions of section 153C, it can be seen that the AO has no jurisdiction to initiate proceedings u/s 153C unless the money, bullion, jewellery or other valuable article or thing or books of account or documents are seized