K.G. FINVEST PVT. LTD.,NEW DELHI vs. ACIT, NEW DELHI

In the result, the appeal of the assessee is allowed and

Bench: Shri R.S. Syal & Ms Suchitra Kambleassessment Year : 2004-05 Acit, Vs. K.G. Finvest Pvt. Ltd., 10, 3Rd Floor, Satya Niketan, Central Circle-13, New Delhi. New Delhi. Pan: Aaack4032H Assessment Year : 2004-05 K.G. Finvest Pvt. Ltd., Vs. Acit, 10, 3Rd Floor, Satya Niketan, Central Circle-13, New Delhi. New Delhi. Pan: Aaack4032H Assessee By : Shri Salil Kapoor, Shri Sumit Lalchandani & Ms Ananya Kapoor, Advocates Deptt. By : Shri Naveen Chandra, Cit, Dr

reassess the total income of six assessment years immediately preceding the assessment year relevant to the previous year in which such search is conducted or requisition is made : Provided that ………” 4. Sub-section (1) of section 153A provides that: ‘In case of a person where a search is initiated u/s 132 or books of account……….. are requisitioned u/s 132A

ACIT, NEW DELHI vs. SHRI INDER MOHAN THAPAR, NEW DELHI

In the result, all these appeals of Revenue are held to be not maintainable, and

Bench: Shri Amit Shukla & Shri Anadee Nath Misshra

reassessment proceedings initiated u/s 115WG Page 5 of 19 ITA No.- 5793/Del/2016 and others. Glitz Builders & Promoters Pvt. Ltd. of the IT Act thereby deleting addition of Rs. 77,84,163/- made by the AO on account of expenses under clause B section 115WB(2) of the I.T. Act without appreciating that the scheme of section

DCIT, NEW DELHI vs. M/S. GUPTA PROPERTY DEVELOPERS PVT. LTD.,, NEW DELHI

In the result, all these appeals of Revenue are held to be not maintainable, and

Bench: Shri Amit Shukla & Shri Anadee Nath Misshra

reassessment proceedings initiated u/s 115WG Page 5 of 19 ITA No.- 5793/Del/2016 and others. Glitz Builders & Promoters Pvt. Ltd. of the IT Act thereby deleting addition of Rs. 77,84,163/- made by the AO on account of expenses under clause B section 115WB(2) of the I.T. Act without appreciating that the scheme of section

ITO, NEW DELHI vs. M/S. GLITZ BUILDERS PVT. LTD., NEW DELHI

In the result, all these appeals of Revenue are held to be not maintainable, and

Bench: Shri Amit Shukla & Shri Anadee Nath Misshra

reassessment proceedings initiated u/s 115WG Page 5 of 19 ITA No.- 5793/Del/2016 and others. Glitz Builders & Promoters Pvt. Ltd. of the IT Act thereby deleting addition of Rs. 77,84,163/- made by the AO on account of expenses under clause B section 115WB(2) of the I.T. Act without appreciating that the scheme of section

ACIT, NEW DELHI vs. M/S TATA TELESERVICES LTD.,, NEW DELHI

In the result, all these appeals of Revenue are held to be not maintainable, and

Bench: Shri Amit Shukla & Shri Anadee Nath Misshra

reassessment proceedings initiated u/s 115WG Page 5 of 19 ITA No.- 5793/Del/2016 and others. Glitz Builders & Promoters Pvt. Ltd. of the IT Act thereby deleting addition of Rs. 77,84,163/- made by the AO on account of expenses under clause B section 115WB(2) of the I.T. Act without appreciating that the scheme of section

ACIT, NEW DELHI vs. M/S TATA TELESERVICES LTD.,, NEW DELHI

In the result, all these appeals of Revenue are held to be not maintainable, and

Bench: Shri Amit Shukla & Shri Anadee Nath Misshra

reassessment proceedings initiated u/s 115WG Page 5 of 19 ITA No.- 5793/Del/2016 and others. Glitz Builders & Promoters Pvt. Ltd. of the IT Act thereby deleting addition of Rs. 77,84,163/- made by the AO on account of expenses under clause B section 115WB(2) of the I.T. Act without appreciating that the scheme of section

ITO, NEW DELHI vs. SH. HEMANT PAL SINGH GILL, NEW DELHI

In the result, all these appeals of Revenue are held to be not maintainable, and

Bench: Shri Amit Shukla & Shri Anadee Nath Misshra

reassessment proceedings initiated u/s 115WG Page 5 of 19 ITA No.- 5793/Del/2016 and others. Glitz Builders & Promoters Pvt. Ltd. of the IT Act thereby deleting addition of Rs. 77,84,163/- made by the AO on account of expenses under clause B section 115WB(2) of the I.T. Act without appreciating that the scheme of section

ACIT, CIRCLE- 7(1), NEW DELHI vs. DECENT FINANCIAL SERVICES PVT. LTD., NEW DELHI

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

Bench: The Ld. Cit (A) Challenging Both

reassessment proceedings are void and are thus quashed. In absence of taking any ground in this regard, this appeal by the Revenue on the merits is liable to be dismissed as infructuous. 8. Furthermore, ld. Counsel of the assessee has submitted that tax effect in this case is below the limit fixed by the CBDT for filing the appeals before

DCIT, NEW DELHI vs. M/S. SUPER PLASTIC COATS (P) LTD., NEW DELHI

Bench: Shri I.C. Sudhir & Shri O.P. Kant -Do- :2006-07 -Do- :2003-04 -Do- :2004-05 -Do- :2005-06 -Do- :2007-08 -Do- :2008-09 Deputy Cit, Vs. M/S. Super Plastic Coats Central Circle-13, (P)Ltd., West Punjab New Delhi. Bagh, New Delhi. (Pan: Aaecs2311M) (Appellant) (Respondent)

268A of the Income-tax Act, 1961. We thus dismiss the said appeal as such as not maintainable. 2. In the appeals for the assessment years 2003-04, 2004-05, 2005-06, 2006-07 and 2007-08, the Revenue has raised common issue questioning the validity of action of the Learned CIT(Appeals) in deleting the addition made