ACIT, HARIDWAR vs. M/S SANT STEEL & ALLOYS (P) LTD., KOTDWAR

In the result, appeals filed by Revenue in ITA No

Bench: Sh. I.C. Sudhir & Sh. O.P. Kant

business or profession E.-Capital gains F.-Income from other sources.” ( Emphasis supplied) 9.1 Then subsequent chapters V of the Act has specified the income of other persons which are to be clubbed with the total income of the assessee. AYs: 2003-04 & 2008-09 9.2 Then chapter VI has specified certain deemed incomes under section 68

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-I NOIDA, NOIDA vs. M/S ADVANT IT PARK PRIVATE LIMITED , DELHI

Accordingly, both the appeals of the\nRevenue are dismissed

Section 263 of the\nAct erred in placing a restrictive interpretation to CBDT Circular No.\n16/2017 dated 25-04-2017 wherein the Id. PCIT has missed the principal\nenumerated in the said circular. The said circular emphasizes that lease\nrent received by the assessee from letting out the building alongwith other\namenities in a Software Technology Park would be chargeable

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-I, NOIDA, NOIDA vs. M/S ADVANT IT PARK PRIVATE LIMITED, DELHI

Accordingly, both the appeals of the\nRevenue are dismissed

Section 263 of the\nAct erred in placing a restrictive interpretation to CBDT Circular No.\n16/2017 dated 25-04-2017 wherein the Id. PCIT has missed the principal\nenumerated in the said circular. The said circular emphasizes that lease\nrent received by the assessee from letting out the building alongwith other\namenities in a Software Technology Park would be chargeable

WEL INTERTRADE PVT. LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, the appeal of the assessee in ITA No

Bench: Before Shri N.K. Billaiya & Ms. Astha Chandraasstt. Year : 2011-12 Wel Intertrade Private Vs. Acit, Circle-27(2), Limited, New Delhi. 5,E Local Shopping Centre Masjid Moth, Greater Kailash Part 2, New Delhi – 110 048 Pan Aaacw10187F (Appellant) (Respondent) Asstt. Year : 2012-13

section 292BB, it is held that there is no merit in the contention of the appellant...”. Accordingly, we reject these grounds. 5. Ground Nos. 3 and 3.1 relate to denial of deduction of expenditure while computing income under the head “Business”. Perusal of the appellate order reveals that the Ld. CIT(A)-1 held that the assessee’s business income

MAX NEW YORK LIFE INSURANCE COMPANY LTD.,GURGAON vs. DCIT, CIRCLE- 1, LTU, NEW DELHI

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

Bench: Shri Bhavnesh Saini & Shri Prashant Maharishimax New York Life Insurance Vs. Dcit, Company Ltd, Circle-1, Ltu, New Delhi Plot No. 90A, Sector-18, Udyog Vihar, Haryana (Appellant) (Respondent)

68. We noted that Section 44 of the Act start with a non-obstante clause and overriding other provisions of the Act, provides for profits and gains from life insurance business to be computed in accordance with the rules contained in the First Schedule to the Act. As per rule 2 of the First Schedule to the Act, profits

JUBILANT ORGANOSYS LTD.,NOIDA vs. ADDL. CIT, MORADABAD

The appeal is dismissed

Bench: Smt Beena A. Pillai & Shri Prashant Maharishi

business natural corollary will also states that deposit made by assessee with club is also for purposes of business. Therefore we reverse finding of learned CIT – A and allow ground number 4 of appeal of assessee. 79. Ground number 5 of appeal is on issue of disallowance of INR 516339/- under section 35D of the act. Assessee has claimed deduction

ACIT, MORADABAD vs. M/S. JUBILANT ORGANOSYES LTD., UTTAR PRADESH

The appeal is dismissed

Bench: Smt Beena A. Pillai & Shri Prashant Maharishi

business natural corollary will also states that deposit made by assessee with club is also for purposes of business. Therefore we reverse finding of learned CIT – A and allow ground number 4 of appeal of assessee. 79. Ground number 5 of appeal is on issue of disallowance of INR 516339/- under section 35D of the act. Assessee has claimed deduction

ACIT, MORADABAD vs. M/S JUBLIANT ORGANOSYS LTD., UTTAR PRADESH

The appeal is dismissed

Bench: Smt Beena A. Pillai & Shri Prashant Maharishi

business natural corollary will also states that deposit made by assessee with club is also for purposes of business. Therefore we reverse finding of learned CIT – A and allow ground number 4 of appeal of assessee. 79. Ground number 5 of appeal is on issue of disallowance of INR 516339/- under section 35D of the act. Assessee has claimed deduction

MR. NIKHIL SAWHNEY,NEW DELHI vs. ACIT, NOIDA

In the result, appeal of the assessee is dismissed

Bench: Shri Bhavnesh Saini & Shri Prashant Maharishimr. Nikhil Sawhney Acit, 17 – Sunder Nagar, Central Circle, Vs. New Delhi – 110 003. Noida. Pan: Aaups0222Q (Appellant) (Respondent)

income arising from the transfer of a long-term capital asset, being an equity share in a company or a unit of an equity oriented fund where— (a) the transaction of sale of such equity share or unit is entered into on or after the date on which Chapter VII of the Finance (No. 2) Act, 2004 comes into force3

NTT DATA GLOBAL DELIVERY SERVICES LTD.,BANGALORE vs. DCIT, NEW DELHI

The appeal of the assessee is partly allowed

Bench: Shri Bhavnesh Saini & Shri Prashant Maharishintt Data Global Delivery Vs. Dcit, Services Ltd, Circle-13(1), No. 17, South End Road, New Delhi Bangalore Pan: Aabck7777J (Appellant) (Respondent)

Business or Profession - (Section 28 to Section 44DB) and Chapter VI-A (Deductions to be made in computing Total Income, Part A - General, comprising of Section 80-A to 80-B and Part B - Deductions in respect of certain payments, comprising of Section 80C to 80GGC and Part C - Deductions in respect of certain incomes - comprising of Section

KASPER INFORMATION TECHNOLOGY PVT. LTD.,NEW DELHI vs. ITO WARD-14(2), NEW DELHI

Bench: Shri Amit Shukla & Shri Prashant Maharishi

section 68 on the ground that appellant company has filed to prove the identity, creditworthiness and genuineness of the transactions. i) Grounds challenging the confirmation/deletion by the Ld. C.I.T(A)of additions made by the A.O u/s 68 on account of alleged unexplained credit in the form of share capital/ share premium and/or loans & advances (as the case

ITO WARD - 14(2), NEW DELHI vs. KASPER INFORMATION TECHNOLOGY PVT LTD, NEW DELHI

Bench: Shri Amit Shukla & Shri Prashant Maharishi

section 68 on the ground that appellant company has filed to prove the identity, creditworthiness and genuineness of the transactions. i) Grounds challenging the confirmation/deletion by the Ld. C.I.T(A)of additions made by the A.O u/s 68 on account of alleged unexplained credit in the form of share capital/ share premium and/or loans & advances (as the case

ACIT, NEW DELHI vs. M/S. STAR LIGHT CONSUMER ELECTRONICS PVT. LTD., NEW DELHI

Bench: Shri Amit Shukla & Shri Prashant Maharishi

section 68 on the ground that appellant company has filed to prove the identity, creditworthiness and genuineness of the transactions. i) Grounds challenging the confirmation/deletion by the Ld. C.I.T(A)of additions made by the A.O u/s 68 on account of alleged unexplained credit in the form of share capital/ share premium and/or loans & advances (as the case

ITO, NEW DELHI vs. M/S ANGEL CEMENT PVT. LTD.,, GHAZIABAD

Bench: Shri Amit Shukla & Shri Prashant Maharishi

section 68 on the ground that appellant company has filed to prove the identity, creditworthiness and genuineness of the transactions. i) Grounds challenging the confirmation/deletion by the Ld. C.I.T(A)of additions made by the A.O u/s 68 on account of alleged unexplained credit in the form of share capital/ share premium and/or loans & advances (as the case

ITO, NEW DELHI vs. M/S. SUPREME PLACEMENT SERVICES PVT. LTD., NEW DELHI

Bench: Shri Amit Shukla & Shri Prashant Maharishi

section 68 on the ground that appellant company has filed to prove the identity, creditworthiness and genuineness of the transactions. i) Grounds challenging the confirmation/deletion by the Ld. C.I.T(A)of additions made by the A.O u/s 68 on account of alleged unexplained credit in the form of share capital/ share premium and/or loans & advances (as the case

ACIT, NEW DELHI vs. M/S. SUR BUILDCON PVT. LTD., NEW DELHI

Bench: Shri Amit Shukla & Shri Prashant Maharishi

section 68 on the ground that appellant company has filed to prove the identity, creditworthiness and genuineness of the transactions. i) Grounds challenging the confirmation/deletion by the Ld. C.I.T(A)of additions made by the A.O u/s 68 on account of alleged unexplained credit in the form of share capital/ share premium and/or loans & advances (as the case

ITO, WARD-7(1), NEW DELHI vs. DELIGHT RESORTS P.LTD, GHAZIABAD

Bench: Shri Amit Shukla & Shri Prashant Maharishi

section 68 on the ground that appellant company has filed to prove the identity, creditworthiness and genuineness of the transactions. i) Grounds challenging the confirmation/deletion by the Ld. C.I.T(A)of additions made by the A.O u/s 68 on account of alleged unexplained credit in the form of share capital/ share premium and/or loans & advances (as the case

ITO, NEW DELHI vs. M/S. SINTEX CONSUMERS ELECTRONICS PVT. LTD., DELHI

Bench: Shri Amit Shukla & Shri Prashant Maharishi

section 68 on the ground that appellant company has filed to prove the identity, creditworthiness and genuineness of the transactions. i) Grounds challenging the confirmation/deletion by the Ld. C.I.T(A)of additions made by the A.O u/s 68 on account of alleged unexplained credit in the form of share capital/ share premium and/or loans & advances (as the case