M/S. ASAHI INDIA GLASS LIMITED,NEW DELHI vs. DCIT, NEW DELHI

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

Bench: Shri R. K. Panda & Ms. Suchitra Kambleassessment Year : 2007-08 Asahi India Glass Limited, Dcit, Circle- 2(1), 38, Okhla Industrial Area, New Delhi. Vs. Phase- Iii, New Delhi.

115J and 115JA in levying of interest u/s 234B. He accordingly submitted that the grounds raised by the assessee should be dismissed. 21. We have heard the rival contentions made by both the sides, perused the materials available on record and the Paper Book filed on behalf of the assessee. We have also considered the various decisions cited before

DCIT, NEW DELHI vs. M/S. ASAHI INDIA GLASS LIMITED, NEW DELHI

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

Bench: Shri R. K. Panda & Ms. Suchitra Kambleassessment Year : 2007-08 Asahi India Glass Limited, Dcit, Circle- 2(1), 38, Okhla Industrial Area, New Delhi. Vs. Phase- Iii, New Delhi.

115J and 115JA in levying of interest u/s 234B. He accordingly submitted that the grounds raised by the assessee should be dismissed. 21. We have heard the rival contentions made by both the sides, perused the materials available on record and the Paper Book filed on behalf of the assessee. We have also considered the various decisions cited before

VODAFONE IDEA LTD. (EARLIER KNWON AS VODAFONE MOBILE SERVICES LTD.),MUMBAI vs. ACIT,. CIRCLE-26(2), NEW DELHI

In the result, all above said grounds are allowed for statistical purpose

Bench: Shri S. Rifaur Rahman & Shriyogesh Kumar U.S.Vodafone Idea Ltd Vs. Acit, (Earlier Known As Vodafone Circle-26(2), Mobile Services Ltd) New Delhi 10Th Floor, Birla Centurion, Century Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai, Maharastra (Appellant) (Respondent) Pan: Aaacb2100P

68,699/- to its overseas associate enterprises, namely, M/s. Vodafone Ireland Marketing Ltd. and M/s. Rising Groups Ltd.; respectively. It adopted the transaction net margin method (TNMM) to benchmark the same. We find from Transfer Pricing Officer's order dated 28.01.2013 that he rejected assessee's method after holding that the same was an indirect one liable to give

EKDANT INDIA LTD,NOIDA vs. ITO, WARD-8(1), NEW DELHI

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

Bench: Shri R.K. Panda & Shri Suchitra Kamble, [Assessment Year: 2014-15] M/S Ekdant India Ltd. Ito, B-1,-46, New Ashok Nagar, Ward-8(1), Room No.143, New Delhi-110096 C.R Building, New Delhi Pan-Aabct8767F Appellant Respondent

68 on account of share capital. 5. BECAUSE appellant informed the new addresses of three shareholders and notice under Section 133(6) where served on the addresses given as is evident from the order sheet entry on 14-12-2016. Therefore, the grounds taken by the Ld. AO/CIT(A) that the correct address of all above shareholders

COMMISSIONER OF INCOME TAX - II vs. M/S MBL & Co. LTD

The appeal is dismissed

68,281/- as per the normal computation provisions under the Act. The book profits of the assessee were higher and the income liable to tax under the MAT scheme was disclosed as ` 8,17,58,465/-. The assessee had borne Security Transaction Tax of ` 3,37,07,299/- whereas the tax payable under the normal computational provisions

COMMISSIONER OF INCOME TAX - II vs. M/S MBL & Co. LTD

The appeal is dismissed

68,281/- as per the normal computation provisions under the Act. The book profits of the assessee were higher and the income liable to tax under the MAT scheme was disclosed as ` 8,17,58,465/-. The assessee had borne Security Transaction Tax of ` 3,37,07,299/- whereas the tax payable under the normal computational provisions

ORIENTAL BANK OF COMMERCE,GURGAON vs. ACIT, SPL. RANGE-07, NEW DELHI

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

Bench: Shri Anil Chaturvedi & Shri N.K. Choudhryassessment Year: 2016-17

115J.” 64. Owing to the provisions of the Act that amended, we hereby allow the appeal on this ground.” 26 10. Respectfully following the decision of Hon’ble Coordinate Bench, on the issue in hand, Ground no. 6 also stands allowed. 11. Ground No. 7 challenges the sustenance of addition under MAT in respect of provision for bad and doubtful

ORIENTAL BANK OF COMMERCE,GURGAON vs. ADDL. CIT, NEW DELHI

In the result, the appeals of the assessee are allowed and the appeals of the Revenue are dismissed

Bench: Sh. A. D. Jain, Vice-Dr. B. R. R. Kumarita No. 1581/Del/2017 : Asstt. Year : 2012-13 Ita No. 1582/Del/2017 : Asstt. Year : 2013-14 Ita No. 1583/Del/2017 : Asstt. Year : 2014-15 Ita No. 1199/Del/2018 : Asstt. Year : 2015-16 Oriental Bank Of Commerce, Vs Addl. Cit, Central Accounts Office, Plot No. 5, Range-13 (Present Range-19) Sector-32, Institutional Area, New Delhi Gurgaon-122001 Dcit/Acit, Circle-19(1), New Delhi (Appellant) (Respondent) Pan No. Aaaco0191M

115J.” 64. Owing to the provisions of the Act that amended, we hereby allow the appeal on this ground. ITA No. 1581/Del/2017 (G.No.6&7) (Assessee) ITA No. 1582/Del/2017 (G.No.4&5) (Assessee) ITA No. 1583/Del/2017 (G.No.4&5) (Assessee) ITA No. 1199/Del/2018 (G.No.7&8) (Assessee) Bad and Doubtful Debts: 65. The assessee is a banking company

ACIT, CIRCLE- 19(1), NEW DELHI vs. ORIENTAL BANK OF COMMERCE, GURGAON

In the result, the appeals of the assessee are allowed and the appeals of the Revenue are dismissed

Bench: Sh. A. D. Jain, Vice-Dr. B. R. R. Kumarita No. 1581/Del/2017 : Asstt. Year : 2012-13 Ita No. 1582/Del/2017 : Asstt. Year : 2013-14 Ita No. 1583/Del/2017 : Asstt. Year : 2014-15 Ita No. 1199/Del/2018 : Asstt. Year : 2015-16 Oriental Bank Of Commerce, Vs Addl. Cit, Central Accounts Office, Plot No. 5, Range-13 (Present Range-19) Sector-32, Institutional Area, New Delhi Gurgaon-122001 Dcit/Acit, Circle-19(1), New Delhi (Appellant) (Respondent) Pan No. Aaaco0191M

115J.” 64. Owing to the provisions of the Act that amended, we hereby allow the appeal on this ground. ITA No. 1581/Del/2017 (G.No.6&7) (Assessee) ITA No. 1582/Del/2017 (G.No.4&5) (Assessee) ITA No. 1583/Del/2017 (G.No.4&5) (Assessee) ITA No. 1199/Del/2018 (G.No.7&8) (Assessee) Bad and Doubtful Debts: 65. The assessee is a banking company

ORIENTAL BANK OF COMMERCE,GURGAON vs. ACIT, CIRCLE- 19(1), NEW DELHI

In the result, the appeals of the assessee are allowed and the appeals of the Revenue are dismissed

Bench: Sh. A. D. Jain, Vice-Dr. B. R. R. Kumarita No. 1581/Del/2017 : Asstt. Year : 2012-13 Ita No. 1582/Del/2017 : Asstt. Year : 2013-14 Ita No. 1583/Del/2017 : Asstt. Year : 2014-15 Ita No. 1199/Del/2018 : Asstt. Year : 2015-16 Oriental Bank Of Commerce, Vs Addl. Cit, Central Accounts Office, Plot No. 5, Range-13 (Present Range-19) Sector-32, Institutional Area, New Delhi Gurgaon-122001 Dcit/Acit, Circle-19(1), New Delhi (Appellant) (Respondent) Pan No. Aaaco0191M

115J.” 64. Owing to the provisions of the Act that amended, we hereby allow the appeal on this ground. ITA No. 1581/Del/2017 (G.No.6&7) (Assessee) ITA No. 1582/Del/2017 (G.No.4&5) (Assessee) ITA No. 1583/Del/2017 (G.No.4&5) (Assessee) ITA No. 1199/Del/2018 (G.No.7&8) (Assessee) Bad and Doubtful Debts: 65. The assessee is a banking company

ACIT, NEW DELHI vs. M/S. ORIENTAL BANK OF COMMERCE, GURGAON

In the result, the appeals of the assessee are allowed and the appeals of the Revenue are dismissed

Bench: Sh. A. D. Jain, Vice-Dr. B. R. R. Kumarita No. 1581/Del/2017 : Asstt. Year : 2012-13 Ita No. 1582/Del/2017 : Asstt. Year : 2013-14 Ita No. 1583/Del/2017 : Asstt. Year : 2014-15 Ita No. 1199/Del/2018 : Asstt. Year : 2015-16 Oriental Bank Of Commerce, Vs Addl. Cit, Central Accounts Office, Plot No. 5, Range-13 (Present Range-19) Sector-32, Institutional Area, New Delhi Gurgaon-122001 Dcit/Acit, Circle-19(1), New Delhi (Appellant) (Respondent) Pan No. Aaaco0191M

115J.” 64. Owing to the provisions of the Act that amended, we hereby allow the appeal on this ground. ITA No. 1581/Del/2017 (G.No.6&7) (Assessee) ITA No. 1582/Del/2017 (G.No.4&5) (Assessee) ITA No. 1583/Del/2017 (G.No.4&5) (Assessee) ITA No. 1199/Del/2018 (G.No.7&8) (Assessee) Bad and Doubtful Debts: 65. The assessee is a banking company

ACIT, NEW DELHI vs. M/S. ORIENTAL BANK OF COMMERCE, GURGAON

In the result, the appeals of the assessee are allowed and the appeals of the Revenue are dismissed

Bench: Sh. A. D. Jain, Vice-Dr. B. R. R. Kumarita No. 1581/Del/2017 : Asstt. Year : 2012-13 Ita No. 1582/Del/2017 : Asstt. Year : 2013-14 Ita No. 1583/Del/2017 : Asstt. Year : 2014-15 Ita No. 1199/Del/2018 : Asstt. Year : 2015-16 Oriental Bank Of Commerce, Vs Addl. Cit, Central Accounts Office, Plot No. 5, Range-13 (Present Range-19) Sector-32, Institutional Area, New Delhi Gurgaon-122001 Dcit/Acit, Circle-19(1), New Delhi (Appellant) (Respondent) Pan No. Aaaco0191M

115J.” 64. Owing to the provisions of the Act that amended, we hereby allow the appeal on this ground. ITA No. 1581/Del/2017 (G.No.6&7) (Assessee) ITA No. 1582/Del/2017 (G.No.4&5) (Assessee) ITA No. 1583/Del/2017 (G.No.4&5) (Assessee) ITA No. 1199/Del/2018 (G.No.7&8) (Assessee) Bad and Doubtful Debts: 65. The assessee is a banking company

ORIENTAL BANK OF COMMERCE,GURGAON vs. DCIT, NEW DELHI

In the result, the appeals of the assessee are allowed and the appeals of the Revenue are dismissed

Bench: Sh. A. D. Jain, Vice-Dr. B. R. R. Kumarita No. 1581/Del/2017 : Asstt. Year : 2012-13 Ita No. 1582/Del/2017 : Asstt. Year : 2013-14 Ita No. 1583/Del/2017 : Asstt. Year : 2014-15 Ita No. 1199/Del/2018 : Asstt. Year : 2015-16 Oriental Bank Of Commerce, Vs Addl. Cit, Central Accounts Office, Plot No. 5, Range-13 (Present Range-19) Sector-32, Institutional Area, New Delhi Gurgaon-122001 Dcit/Acit, Circle-19(1), New Delhi (Appellant) (Respondent) Pan No. Aaaco0191M

115J.” 64. Owing to the provisions of the Act that amended, we hereby allow the appeal on this ground. ITA No. 1581/Del/2017 (G.No.6&7) (Assessee) ITA No. 1582/Del/2017 (G.No.4&5) (Assessee) ITA No. 1583/Del/2017 (G.No.4&5) (Assessee) ITA No. 1199/Del/2018 (G.No.7&8) (Assessee) Bad and Doubtful Debts: 65. The assessee is a banking company

ORIENTAL BANK OF COMMERCE,GURGAON vs. DCIT, NEW DELHI

In the result, the appeals of the assessee are allowed and the appeals of the Revenue are dismissed

Bench: Sh. A. D. Jain, Vice-Dr. B. R. R. Kumarita No. 1581/Del/2017 : Asstt. Year : 2012-13 Ita No. 1582/Del/2017 : Asstt. Year : 2013-14 Ita No. 1583/Del/2017 : Asstt. Year : 2014-15 Ita No. 1199/Del/2018 : Asstt. Year : 2015-16 Oriental Bank Of Commerce, Vs Addl. Cit, Central Accounts Office, Plot No. 5, Range-13 (Present Range-19) Sector-32, Institutional Area, New Delhi Gurgaon-122001 Dcit/Acit, Circle-19(1), New Delhi (Appellant) (Respondent) Pan No. Aaaco0191M

115J.” 64. Owing to the provisions of the Act that amended, we hereby allow the appeal on this ground. ITA No. 1581/Del/2017 (G.No.6&7) (Assessee) ITA No. 1582/Del/2017 (G.No.4&5) (Assessee) ITA No. 1583/Del/2017 (G.No.4&5) (Assessee) ITA No. 1199/Del/2018 (G.No.7&8) (Assessee) Bad and Doubtful Debts: 65. The assessee is a banking company

IRCON INTERNATIONAL LTD.,NEW DELHI vs. ADDL.CIT, SPECIAL RANGE- 4, NEW DELHI

Bench: Sh. Shamim Yahya & Sh. Anubhav Sharmaita No. 127/Del/2019, A.Y. 2015-16 M/S. Ircon International Vs. Addl. Commissioner Of Ltd. Income Tax, C-4, Distt.-Centre, Saket Special Range-04, New Delhi-110017 New Delhi Pan : Aaaci0684H (Appellant) (Respondent)

68,76,022/- by rejecting the view of the AO that the agreement entered into by the assessee is of work-contract nature and, accordingly, it is not eligible for deduction u/s 80IA. 2. 2.1 Whether on the facts and circumstances of the case and in law, the Ld. CIT(A) was correct in deleting the addition of Rs.23

ADDL. CIT, SPECIAL RANGE- 4, NEW DELHI vs. IRCON INTERNATIONAL LTD., NEW DELHI

Bench: Sh. Shamim Yahya & Sh. Anubhav Sharmaita No. 127/Del/2019, A.Y. 2015-16 M/S. Ircon International Vs. Addl. Commissioner Of Ltd. Income Tax, C-4, Distt.-Centre, Saket Special Range-04, New Delhi-110017 New Delhi Pan : Aaaci0684H (Appellant) (Respondent)

68,76,022/- by rejecting the view of the AO that the agreement entered into by the assessee is of work-contract nature and, accordingly, it is not eligible for deduction u/s 80IA. 2. 2.1 Whether on the facts and circumstances of the case and in law, the Ld. CIT(A) was correct in deleting the addition of Rs.23

DCIT, NEW DELHI vs. M/S. IRCON INTERNATIONAL LTD., NEW DELHI

In the result the appeal of the Revenue is dismissed

Bench: Shri N.K. Billaiya & Shri Kuldip Singhita No. 977/Del/2010 [A.Y 2004-05]

115J of the Act. Further, under cl. (2) of Part II of Sch. VI to the Companies Act where a company receives the amount on account of surrender of leasehold rights, the company is bound to disclose in the P&L a/c the said amount as non- recurring transaction or a transaction of an exceptional nature irrespective of its nature

IRCON INTERNATIONAL LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result the appeal of the Revenue is dismissed

Bench: Shri N.K. Billaiya & Shri Kuldip Singhita No. 977/Del/2010 [A.Y 2004-05]

115J of the Act. Further, under cl. (2) of Part II of Sch. VI to the Companies Act where a company receives the amount on account of surrender of leasehold rights, the company is bound to disclose in the P&L a/c the said amount as non- recurring transaction or a transaction of an exceptional nature irrespective of its nature