COMMISSIONER OF INCOME TAX DELHI VI vs. TUSHAR STOCK & SHARE BROKERS P. LTD.

132A of the Income Tax Act (hereinafter, referred to as ‗the Act‘) was issued requisitioning the cash and other documents which were seized by the ED at the time of search. During the course of search, statement of Mittal, Director of Tushar and partner of MCC was recorded by the ED. Mittal had stated that the cheque books found

THE COMMISSIONER OF INCOME TAX DELHI XIII vs. R.K.MITTAL

Bench: HON'BLE MR. JUSTICE A.K.SIKRI,HON'BLE MR. JUSTICE M.L. MEHTA

132A of the Income Tax Act (hereinafter, referred to as ‗the Act‘) was issued requisitioning the cash and other documents which were seized by the ED at the time of search. During the course of search, statement of Mittal, Director of Tushar and partner of MCC was recorded by the ED. Mittal had stated that the cheque books found

DY. COMMISSIONER OF INCOME TAX, NOIDA vs. M/S ACE MEGA STRUCTURE PRIVATE LIMITED, NOIDA

In the result, appeal of the assessee is allowed

Bench: Shri Anubhav Sharma & Shri Manish Agarwalsl. Ita No(S) Asst. Appeal(S) By No Year(S) Appellant Vs. Respondent Appellant Respondent 1. 4067/Del/2025 2019-20 M/S. Ace Mega Dcit/Acit Structures Pvt. Ltd., Central Circle I-B, 7Th Floor, Ace Studio, Noida Sector-126, Noida, Sector- 37, S.O. Gautam Budh Nagar-201303 Pan-Aakca8694D M/S. Ace Mega 2. 4115/Del/2025 2019-20 Dcit, Structures Pvt. Ltd. Central Circle-1, A.R.T.O Complex, Sector-33, I-B, 7Th Floor, Ace Studio, Noida-201301. Sector-126, Noida, Sector- 37, S.O. Gautam Budh Nagar-201303 Pan-Aakca8694D Appellant By Shri Rohit Kapoor, Adv. & Shri Virsain Aggarwal, Itp Respondent By Shri Mahesh Kumar, Cit Dr Date Of Hearing 17.09.2025 Date Of Pronouncement 27.11.2025

68 r.w.s. 115BBE of the Act towards the loan taken from M/s Hallow Securities Pvt. Ltd. is hereby, deleted. In the result, appeal of the Revenue in ITA No. 8. 4115/Del/2025 [AY 2019-20] is dismissed. ITA No.4067/Del/2024 (Assessee’s Appeal) for AY 2019-20 9. The assessee has raised following grounds in this appeal:- 1. “That

ACE MEGA STRUCTURES PRIVATE LIMITED,UTTAR PRADESH vs. DCIT/ACIT CEN CIR, NOIDA, NOIDA

In the result, appeal of the assessee is allowed

Bench: Shri Anubhav Sharma & Shri Manish Agarwalsl. Ita No(S) Asst. Appeal(S) By No Year(S) Appellant Vs. Respondent Appellant Respondent 1. 4067/Del/2025 2019-20 M/S. Ace Mega Dcit/Acit Structures Pvt. Ltd., Central Circle I-B, 7Th Floor, Ace Studio, Noida Sector-126, Noida, Sector- 37, S.O. Gautam Budh Nagar-201303 Pan-Aakca8694D M/S. Ace Mega 2. 4115/Del/2025 2019-20 Dcit, Structures Pvt. Ltd. Central Circle-1, A.R.T.O Complex, Sector-33, I-B, 7Th Floor, Ace Studio, Noida-201301. Sector-126, Noida, Sector- 37, S.O. Gautam Budh Nagar-201303 Pan-Aakca8694D Appellant By Shri Rohit Kapoor, Adv. & Shri Virsain Aggarwal, Itp Respondent By Shri Mahesh Kumar, Cit Dr Date Of Hearing 17.09.2025 Date Of Pronouncement 27.11.2025

68 r.w.s. 115BBE of the Act towards the loan taken from M/s Hallow Securities Pvt. Ltd. is hereby, deleted. In the result, appeal of the Revenue in ITA No. 8. 4115/Del/2025 [AY 2019-20] is dismissed. ITA No.4067/Del/2024 (Assessee’s Appeal) for AY 2019-20 9. The assessee has raised following grounds in this appeal:- 1. “That

ACIT, NEW DELHI vs. M/S. VICTORY DWELLINGS PVT. LTD., NEW DELHI

In the result, the appeals of the assessees are allowed and that of the department are dismissed

Bench: Sh. N. K. Saini, Am & Smt. Beena Pillai, Jm Ita Nos. 6208 & 6209/Del/2014 : Asstt. Years : 2009-10 & 2010-11 Victory Dwellings Pvt. Ltd., Vs Acit, 208, Gupta Tower, Azadpur Central Circle-09, Commercial Complex, Azadpur, New Delhi New Delhi-110033 (Appellant) (Respondent)

68 of I.T. Act. The Ld AO Seriously misunderstood the contents of such ITA Nos. 6208 to 6213 /Del/2014 Townsip & Accommodations Pvt. Ltd. statements and is relying on those documents/compilation & statements which were never ever shown to Appellant Company to give replies. The Ld AO was seems to be in jiffy to close the Assessment in most arbitrary manner without

ACIT, NEW DELHI vs. M/S. VICTORY DWELLINGS PVT. LTD., NEW DELHI

In the result, the appeals of the assessees are allowed and that of the department are dismissed

Bench: Sh. N. K. Saini, Am & Smt. Beena Pillai, Jm Ita Nos. 6208 & 6209/Del/2014 : Asstt. Years : 2009-10 & 2010-11 Victory Dwellings Pvt. Ltd., Vs Acit, 208, Gupta Tower, Azadpur Central Circle-09, Commercial Complex, Azadpur, New Delhi New Delhi-110033 (Appellant) (Respondent)

68 of I.T. Act. The Ld AO Seriously misunderstood the contents of such ITA Nos. 6208 to 6213 /Del/2014 Townsip & Accommodations Pvt. Ltd. statements and is relying on those documents/compilation & statements which were never ever shown to Appellant Company to give replies. The Ld AO was seems to be in jiffy to close the Assessment in most arbitrary manner without

VICTORY DWELLINGS PVT. LTD.,DELHI vs. DCIT, NEW DELHI

In the result, the appeals of the assessees are allowed and that of the department are dismissed

Bench: Sh. N. K. Saini, Am & Smt. Beena Pillai, Jm Ita Nos. 6208 & 6209/Del/2014 : Asstt. Years : 2009-10 & 2010-11 Victory Dwellings Pvt. Ltd., Vs Acit, 208, Gupta Tower, Azadpur Central Circle-09, Commercial Complex, Azadpur, New Delhi New Delhi-110033 (Appellant) (Respondent)

68 of I.T. Act. The Ld AO Seriously misunderstood the contents of such ITA Nos. 6208 to 6213 /Del/2014 Townsip & Accommodations Pvt. Ltd. statements and is relying on those documents/compilation & statements which were never ever shown to Appellant Company to give replies. The Ld AO was seems to be in jiffy to close the Assessment in most arbitrary manner without

VICTORY TOWNSHIP PVT. LTD.,DELHI vs. DCIT, NEW DELHI

In the result, the appeals of the assessees are allowed and that of the department are dismissed

Bench: Sh. N. K. Saini, Am & Smt. Beena Pillai, Jm Ita Nos. 6208 & 6209/Del/2014 : Asstt. Years : 2009-10 & 2010-11 Victory Dwellings Pvt. Ltd., Vs Acit, 208, Gupta Tower, Azadpur Central Circle-09, Commercial Complex, Azadpur, New Delhi New Delhi-110033 (Appellant) (Respondent)

68 of I.T. Act. The Ld AO Seriously misunderstood the contents of such ITA Nos. 6208 to 6213 /Del/2014 Townsip & Accommodations Pvt. Ltd. statements and is relying on those documents/compilation & statements which were never ever shown to Appellant Company to give replies. The Ld AO was seems to be in jiffy to close the Assessment in most arbitrary manner without

ACIT, NEW DELHI vs. M/S. VICTORY STRUCTURES PVT. LTD., NEW DELHI

In the result, the appeals of the assessees are allowed and that of the department are dismissed

Bench: Sh. N. K. Saini, Am & Smt. Beena Pillai, Jm Ita Nos. 6208 & 6209/Del/2014 : Asstt. Years : 2009-10 & 2010-11 Victory Dwellings Pvt. Ltd., Vs Acit, 208, Gupta Tower, Azadpur Central Circle-09, Commercial Complex, Azadpur, New Delhi New Delhi-110033 (Appellant) (Respondent)

68 of I.T. Act. The Ld AO Seriously misunderstood the contents of such ITA Nos. 6208 to 6213 /Del/2014 Townsip & Accommodations Pvt. Ltd. statements and is relying on those documents/compilation & statements which were never ever shown to Appellant Company to give replies. The Ld AO was seems to be in jiffy to close the Assessment in most arbitrary manner without

ACIT, NEW DELHI vs. M/S. VICTORY TOWNSHIP PVT. LTD., NEW DELHI

In the result, the appeals of the assessees are allowed and that of the department are dismissed

Bench: Sh. N. K. Saini, Am & Smt. Beena Pillai, Jm Ita Nos. 6208 & 6209/Del/2014 : Asstt. Years : 2009-10 & 2010-11 Victory Dwellings Pvt. Ltd., Vs Acit, 208, Gupta Tower, Azadpur Central Circle-09, Commercial Complex, Azadpur, New Delhi New Delhi-110033 (Appellant) (Respondent)

68 of I.T. Act. The Ld AO Seriously misunderstood the contents of such ITA Nos. 6208 to 6213 /Del/2014 Townsip & Accommodations Pvt. Ltd. statements and is relying on those documents/compilation & statements which were never ever shown to Appellant Company to give replies. The Ld AO was seems to be in jiffy to close the Assessment in most arbitrary manner without

CIT vs. ANIL KUMAR BHATIA

Bench: CASES PERTAINING TO SPL.DIVISION BENCHES

68 of Annexure A-III seized from premises No.31B/2, Rajpura Road, Civil Lines, Delhi. The loan was not reflected in the return of income filed by the assessee for the assessment year 2003-04. The Assessing Officer, therefore, concluded vide Para 5 of the assessment order for the assessment year 2003-04 that the loan was given

CIT vs. ANIL KUMAR BHATIA

68 of Annexure A-III seized from premises No.31B/2, Rajpura Road, Civil Lines, Delhi. The loan was not reflected in the return of income filed by the assessee for the assessment year 2003-04. The Assessing Officer, therefore, concluded vide Para 5 of the assessment order for the assessment year 2003-04 that the loan was given

PRAKHAR DALMIA,NEW DELHI vs. ACIT CIRCLE-34(1), NEW DELHI

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

Bench: Us & Prayed That Additional

68 of the Income Tax Act, 1961, Prakhar Dalmia vs. ACIT while denying the claim of Long Term Capital Gain on account of sale of shares to the appellant, which income is exempt under section 10(38) of the said Act. 2. That the Ld. CIT(A) has erred in law and in facts in denying the claim

M/S. NOVA IRON & STEEL LTD.,NEW DELHI vs. DCIT, LTU, NEW DELHI

In the result, appeal of the assessee-company is

Bench: Shri Bhavnesh Saini & Shri L.P. Sahu

68 only sets up a presumption against the assessee whenever unexplained credits are found in the books of account of the assessee. It cannot but be again said that the presumption is rebuttable. In refuting the presumption raised, the initial burden is on the assessee. This burden, which is placed on the assessee, shifts as soon as the assessee establishes

GEETANJALI BHAYANA,DELHI vs. DCIT CENTRAL CIRCLE-32 DELHI, NEW DELHI

sections": [ "153C", "143(3)", "250", "132", "132(4)", "143(2)", "142(1)", "68", "28", "132(4A)", "292C", "148", "68", "132(4A)", "292C", "153A", "153B", "153D", "147", "148", "149", "151", "153", "132A

GEETANJALI BHAYANA,DELHI vs. DCIT CENTRAL CIRCLE-32 DELHI, NEW DELHI

In the result, appeals of the assessee for AY 2019-20 and AY\n2020-21 are allowed

68 of the Act\n(instead of appreciating Appellant's objections for invoking Section\n28).\n\n13. That on the facts and circumstances of the present case, the Leaned\nauthorities below have made/confirmed the impugned addition\nwhile completely ignoring and without rebutting cogent evidence\nestablishing that the alleged recipient i.e. Appellant and payee both\nhave denied receipt and payment

PRINCIPAL COMMISSIONER OF INCOME TAX-4 DELHI vs. KRBL INFRASTRUCTURE LTD

Bench: HON'BLE MR. JUSTICE V. KAMESWAR RAO,HON'BLE MR. JUSTICE VINOD KUMAR

68 of the Act, the „triple test‟ of establishing the identity, genuineness and creditworthiness, must be satisfied before any addition is made, and the burden of proof in this regard lies with the assessee, as the applicability of these tests depends upon the facts and circumstances of each case. 17. It is stated that the case of the assessee

GEETANJALI BHAYANA,DELHI vs. DCIT CENTRAL CIRCLE-32 DELHI, NEW DELHI

In the result, appeals of the assessee for AY 2019-20 and AY\n2020-21 are allowed

68 of the Act\n(instead of appreciating Appellant's objections for invoking Section\n28).\n13.\nThat on the facts and circumstances of the present case, the Leaned\nauthorities below have made/confirmed the impugned addition\nwhile completely ignoring and without rebutting cogent evidence\nestablishing that the alleged recipient i.e. Appellant and payee both\nhave denied receipt and payment