ARTIFICIAL LIMBS MANUFACTURING CORPORATION OF INDIA,KANPUR vs. ASSISSTANT COMMISSIONER OF INCOME TAX,EXEMOPTION CIRCLE, GHAZIABAD , GHAZIABAD

In the result, we are inclined to accept the findings of Ld CIT(A) and AO

Bench: Shri S. Rifaur Rahman & Shri Sudhir Pareek, Judicialmember

68,000 Deduct : Closing Balance 8,78,80,000 8,78,80,000 78,55,52,000 78,94,88,000 Application Application of loan 5,50,00,000 (ii) ADIP-SSA Scheme Opening Balance 1,95,97,000 1,95,97,000 Grant received during 20,45,00,000 20,45,00,000 the year Total

ARTIFICIAL LIMBS MANUFACTURING CORPORATION OF INDIA,KANPUR vs. ADDITIONAL COMMISSIONER OF INCOME TAX ,EXEMPTION RANGE , GHAZIABAD

In the result, we are inclined to accept the findings of Ld CIT(A) and AO

Bench: Shri S. Rifaur Rahman & Shri Sudhir Pareek, Judicialmember

68,000 Deduct : Closing Balance 8,78,80,000 8,78,80,000 78,55,52,000 78,94,88,000 Application Application of loan 5,50,00,000 (ii) ADIP-SSA Scheme Opening Balance 1,95,97,000 1,95,97,000 Grant received during 20,45,00,000 20,45,00,000 the year Total

RICHMOND EDUCATIONAL SOCIETY,NOIDA vs. DCIT/ACIT CENTRAL CIRCLE, GHAZIABAD, GHAZIABAD

In the result, the appeal of the Assessee is allowed

section 10 of the Act that where a reference,\nunder the first proviso to sub-section (3) of section 143, has been made on or before\nthe 31st March, 2022 by the Assessing Officer for the contravention of certain\nprovisions of clause (23C) of section 10 of the Act, such references shall be dealt with

EBRO INDIA PVT.LTD. ,DELHI vs. ACIT CIRCLE-7(1), DELHI

In the result, the ground no 4 raised by the assessee is allowed

Bench: SHRI S.RIFAUR RAHMAN (Accountant Member), SHRI YOGESH KUMAR U.S. (Accountant Member)

11 ,543 as against returned/ declared income of Rs.l1,01,94,540. Re: Addition under section 68 of the Act on account of share capital from non- resident holding company 4. That the assessing officer erred on facts and in law in making addition of Rs.134,99,99,904 under section 68 of the Act on account

ADIT (E), NEW DELHI vs. FORTUNE SOCIETY FOR DEVELOPMENT AND PROMOTION OF INTERNATIONAL BUSINESS, NEW DELHI

In the result ground No. 2

Bench: Shri I.C.Sudhir & Shri Prashant Maharishiadit(E), Vs. Fortune Society For Tc-Ii, New Delhi Development & Promotion Of International Business, G-4, Community Centre, Naraina Vihar, New Delhi Pan:Aaatf0849L (Appellant) (Respondent)

Section 11(1)." Thereafter, reference was made to the following quotation from the judgment of the Karnataka High Court in Society of the Sisters of St. Anne (supra) : "It is clear from the above provisions that the income derived from property held under trust cannot be the total income because s. 11(1) says that the former shall

ARYA SMAJ MODEL TOWN,DELHI vs. PCIT, CENTRAL -3, NEW DELHI

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

section 13B of the\nIncome tax Act, 1961\nand\nassessed\nor\nassessable by an\nIncome-tax authority at\nSerial Number 50 to 68\nspecified in\nthe\nnotification\nof\nGovernment of India\nbearing number S.O.\n2752 dated the 22nd\nOctober, 2014.\n\n2. This notification shall come into force with effect from the 15th\nday of November, 2014.\n[Notification

SUNSHINE EDUCATIONAL & DEVELOPMENT SOCIETY,NOIDA vs. ADDL. CIT, EXEMPTION, GHAZIABAD

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

Bench: Shri N.K. Billaiya & Shri Amit Shukla

68,400 60,000 9 900 12 60 6,48,000 1,000 3,600 17 61,200 57,000 10 900 12 57 6,15,600 1,000 3,600 18 64,800 33,000 11 1,100 12 33 4,35,600 1,000 3,600 7 25,200 29,000 12 1

DIRECTOR OF INCOME TAX (EXEMPTION) vs. CHARANJIV CHARITABLE TRUST

In the result both aspects of the first substantial question of law

Bench: It, Two By The Assessee Relating To The Assessment Years 2006-07 & 2007-08 & One By The Revenue Relating To The Assessment Year 2006-07. In Other Words, In Respect Of The Assessment Year 2006-07, There Were Cross- 2014:Dhc:1467-Db

1)(c)(ii) read with Section 13(3). According to him, both in respect of the advances made to APIL and the debit balances in the account of Charanjiv Educational Society, there was a violation of the above statutory provisions disentitling the assessee from the benefit of exemption under Section 11. The addition made under Section 68

PGS EXPLORATION (NORWAY) vs. ADDITIOANAL DIRECTOR OF INCOME TAX

Bench: HON'BLE MS. JUSTICE DEEPA SHARMA

68,74,62,560/-. 2.4 Aggrieved by the assessment order dated 29.07.2011, the assessee preferred an appeal before the Tribunal, inter alia, on the ground that the nature of income of the assessee would not fall within the definition of ‘fees for technical services’ by virtue of Explanation (2) to Section 9(1)(vii) of the Act and that

BHARAT SANCHAR NIGAM LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, assessee’s appeal is allowed to the extent as mentioned above on the preliminary issue and the departmental appeal is dismissed

Bench: Smt Diva Singh & Sh.J.S.Reddyi.T.A .No.-3304/Del/2010 (Assessment Year-2004-05) Bharat Sanchar Nigam Ltd., Vs Dcit, Corporate Office, Taxation Section, Circle-2(1), Room No.-398, First Floor, Bharat Sanchar Bhawan, C.R.Building, I.P.Estate, Janpath, New Delhi-1110001. New Delhi Pan-Aabcb5576G (Appellant) (Respondent)

section (2) and thereafter, thirty per cent of such profits and gains for further five assessment years. (3) xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx (4) xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx (5) xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx (6) xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx (7) xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx (8) xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx (9) xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx (10) xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx (11) xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx (12) xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx (13) xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx 6.1. A perusal of the record shows that the AO in terms of the order u/s 263 show-caused

DCIT, NEW DELHI vs. M/S. BHARAT SANCHAR NIGAM LTD., NEW DELHI

In the result, assessee’s appeal is allowed to the extent as mentioned above on the preliminary issue and the departmental appeal is dismissed

Bench: Smt Diva Singh & Sh.J.S.Reddyi.T.A .No.-3304/Del/2010 (Assessment Year-2004-05) Bharat Sanchar Nigam Ltd., Vs Dcit, Corporate Office, Taxation Section, Circle-2(1), Room No.-398, First Floor, Bharat Sanchar Bhawan, C.R.Building, I.P.Estate, Janpath, New Delhi-1110001. New Delhi Pan-Aabcb5576G (Appellant) (Respondent)

section (2) and thereafter, thirty per cent of such profits and gains for further five assessment years. (3) xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx (4) xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx (5) xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx (6) xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx (7) xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx (8) xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx (9) xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx (10) xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx (11) xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx (12) xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx (13) xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx 6.1. A perusal of the record shows that the AO in terms of the order u/s 263 show-caused

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

1,738/- - Share Capital – section 68 7. Kasper Information Technology 28.03.20 2013- 143(3) 22.09.2013 Pvt. Ltd. 16 14 16,00,00,000 2,47,050/- - Share Capital – section 68 8. Landsky Real Estate Pvt. Ltd. 31.03.20 2013- 143(3) 22.09.2013 - Share Capital – section 68 15 14 16,00,00,000 2,48,450/- - Advances – section

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

1,738/- - Share Capital – section 68 7. Kasper Information Technology 28.03.20 2013- 143(3) 22.09.2013 Pvt. Ltd. 16 14 16,00,00,000 2,47,050/- - Share Capital – section 68 8. Landsky Real Estate Pvt. Ltd. 31.03.20 2013- 143(3) 22.09.2013 - Share Capital – section 68 15 14 16,00,00,000 2,48,450/- - Advances – section

ITO, NEW DELHI vs. M/S. SUNLIGHT TOUR AND TRAVELS PVT. LTD., SAHIBABAD

Bench: Shri Amit Shukla & Shri Prashant Maharishi

1,738/- - Share Capital – section 68 7. Kasper Information Technology 28.03.20 2013- 143(3) 22.09.2013 Pvt. Ltd. 16 14 16,00,00,000 2,47,050/- - Share Capital – section 68 8. Landsky Real Estate Pvt. Ltd. 31.03.20 2013- 143(3) 22.09.2013 - Share Capital – section 68 15 14 16,00,00,000 2,48,450/- - Advances – section

ITO, NEW DELHI vs. M/S. SUKHNA STEEL PVT. LTD., NEW DELHI

Bench: Shri Amit Shukla & Shri Prashant Maharishi

1,738/- - Share Capital – section 68 7. Kasper Information Technology 28.03.20 2013- 143(3) 22.09.2013 Pvt. Ltd. 16 14 16,00,00,000 2,47,050/- - Share Capital – section 68 8. Landsky Real Estate Pvt. Ltd. 31.03.20 2013- 143(3) 22.09.2013 - Share Capital – section 68 15 14 16,00,00,000 2,48,450/- - Advances – section

ITO, NEW DELHI vs. M/S. SUKHNA REAL ESTATE PVT. LTD., GHAZIABAD

Bench: Shri Amit Shukla & Shri Prashant Maharishi

1,738/- - Share Capital – section 68 7. Kasper Information Technology 28.03.20 2013- 143(3) 22.09.2013 Pvt. Ltd. 16 14 16,00,00,000 2,47,050/- - Share Capital – section 68 8. Landsky Real Estate Pvt. Ltd. 31.03.20 2013- 143(3) 22.09.2013 - Share Capital – section 68 15 14 16,00,00,000 2,48,450/- - Advances – section

ITO, NEW DELHI vs. M/S STYLISH CONSTRUCTION PVT. LTD.,, NEW DELHI

Bench: Shri Amit Shukla & Shri Prashant Maharishi

1,738/- - Share Capital – section 68 7. Kasper Information Technology 28.03.20 2013- 143(3) 22.09.2013 Pvt. Ltd. 16 14 16,00,00,000 2,47,050/- - Share Capital – section 68 8. Landsky Real Estate Pvt. Ltd. 31.03.20 2013- 143(3) 22.09.2013 - Share Capital – section 68 15 14 16,00,00,000 2,48,450/- - Advances – section

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

1,738/- - Share Capital – section 68 7. Kasper Information Technology 28.03.20 2013- 143(3) 22.09.2013 Pvt. Ltd. 16 14 16,00,00,000 2,47,050/- - Share Capital – section 68 8. Landsky Real Estate Pvt. Ltd. 31.03.20 2013- 143(3) 22.09.2013 - Share Capital – section 68 15 14 16,00,00,000 2,48,450/- - Advances – section

ACIT, NEW DELHI vs. M/S. SUPERSTAR AGENCY PVT. LTD., NEW DELHI

Bench: Shri Amit Shukla & Shri Prashant Maharishi

1,738/- - Share Capital – section 68 7. Kasper Information Technology 28.03.20 2013- 143(3) 22.09.2013 Pvt. Ltd. 16 14 16,00,00,000 2,47,050/- - Share Capital – section 68 8. Landsky Real Estate Pvt. Ltd. 31.03.20 2013- 143(3) 22.09.2013 - Share Capital – section 68 15 14 16,00,00,000 2,48,450/- - Advances – section