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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 1. Cement Pvt 68: forward to prove identity, having adequate reserves Ltd. Share creditworthiness & to make investment. genuineness (ICG)of capital the  The -Revenue’s (SC) share transactions. assessee has  The summons addressed to Appeal premium discharged its burden cast – Rs. 66 contributors remained upon it to prove identity, crores uncompiled with. creditworthiness & Notice 133

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 1. Cement Pvt 68: forward to prove identity, having adequate reserves Ltd. Share creditworthiness & to make investment. genuineness (ICG)of capital the  The -Revenue’s (SC) share transactions. assessee has  The summons addressed to Appeal premium discharged its burden cast – Rs. 66 contributors remained upon it to prove identity, crores uncompiled with. creditworthiness & Notice 133

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 1. Cement Pvt 68: forward to prove identity, having adequate reserves Ltd. Share creditworthiness & to make investment. genuineness (ICG)of capital the  The -Revenue’s (SC) share transactions. assessee has  The summons addressed to Appeal premium discharged its burden cast – Rs. 66 contributors remained upon it to prove identity, crores uncompiled with. creditworthiness & Notice 133

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 1. Cement Pvt 68: forward to prove identity, having adequate reserves Ltd. Share creditworthiness & to make investment. genuineness (ICG)of capital the  The -Revenue’s (SC) share transactions. assessee has  The summons addressed to Appeal premium discharged its burden cast – Rs. 66 contributors remained upon it to prove identity, crores uncompiled with. creditworthiness & Notice 133

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 1. Cement Pvt 68: forward to prove identity, having adequate reserves Ltd. Share creditworthiness & to make investment. genuineness (ICG)of capital the  The -Revenue’s (SC) share transactions. assessee has  The summons addressed to Appeal premium discharged its burden cast – Rs. 66 contributors remained upon it to prove identity, crores uncompiled with. creditworthiness & Notice 133

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 1. Cement Pvt 68: forward to prove identity, having adequate reserves Ltd. Share creditworthiness & to make investment. genuineness (ICG)of capital the  The -Revenue’s (SC) share transactions. assessee has  The summons addressed to Appeal premium discharged its burden cast – Rs. 66 contributors remained upon it to prove identity, crores uncompiled with. creditworthiness & Notice 133

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 1. Cement Pvt 68: forward to prove identity, having adequate reserves Ltd. Share creditworthiness & to make investment. genuineness (ICG)of capital the  The -Revenue’s (SC) share transactions. assessee has  The summons addressed to Appeal premium discharged its burden cast – Rs. 66 contributors remained upon it to prove identity, crores uncompiled with. creditworthiness & Notice 133

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 1. Cement Pvt 68: forward to prove identity, having adequate reserves Ltd. Share creditworthiness & to make investment. genuineness (ICG)of capital the  The -Revenue’s (SC) share transactions. assessee has  The summons addressed to Appeal premium discharged its burden cast – Rs. 66 contributors remained upon it to prove identity, crores uncompiled with. creditworthiness & Notice 133

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 1. Cement Pvt 68: forward to prove identity, having adequate reserves Ltd. Share creditworthiness & to make investment. genuineness (ICG)of capital the  The -Revenue’s (SC) share transactions. assessee has  The summons addressed to Appeal premium discharged its burden cast – Rs. 66 contributors remained upon it to prove identity, crores uncompiled with. creditworthiness & Notice 133

JINGLE BELLS ALUMINIUM,NEW DELHI vs. ITO WARD - 13(3), NEW DELHI

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 1. Cement Pvt 68: forward to prove identity, having adequate reserves Ltd. Share creditworthiness & to make investment. genuineness (ICG)of capital the  The -Revenue’s (SC) share transactions. assessee has  The summons addressed to Appeal premium discharged its burden cast – Rs. 66 contributors remained upon it to prove identity, crores uncompiled with. creditworthiness & Notice 133

ITO WARD - 13(3), NEW DELHI vs. JINGLE BELLS ALUMINIUM PVT. LTD., NEW DELHI

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 1. Cement Pvt 68: forward to prove identity, having adequate reserves Ltd. Share creditworthiness & to make investment. genuineness (ICG)of capital the  The -Revenue’s (SC) share transactions. assessee has  The summons addressed to Appeal premium discharged its burden cast – Rs. 66 contributors remained upon it to prove identity, crores uncompiled with. creditworthiness & Notice 133

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 1. Cement Pvt 68: forward to prove identity, having adequate reserves Ltd. Share creditworthiness & to make investment. genuineness (ICG)of capital the  The -Revenue’s (SC) share transactions. assessee has  The summons addressed to Appeal premium discharged its burden cast – Rs. 66 contributors remained upon it to prove identity, crores uncompiled with. creditworthiness & Notice 133

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 1. Cement Pvt 68: forward to prove identity, having adequate reserves Ltd. Share creditworthiness & to make investment. genuineness (ICG)of capital the  The -Revenue’s (SC) share transactions. assessee has  The summons addressed to Appeal premium discharged its burden cast – Rs. 66 contributors remained upon it to prove identity, crores uncompiled with. creditworthiness & Notice 133

LANDSKY REAL ESTATES P.LTD,NEW DELHI vs. ITO, WARD-15(1), NEW DELHI

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 1. Cement Pvt 68: forward to prove identity, having adequate reserves Ltd. Share creditworthiness & to make investment. genuineness (ICG)of capital the  The -Revenue’s (SC) share transactions. assessee has  The summons addressed to Appeal premium discharged its burden cast – Rs. 66 contributors remained upon it to prove identity, crores uncompiled with. creditworthiness & Notice 133

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 1. Cement Pvt 68: forward to prove identity, having adequate reserves Ltd. Share creditworthiness & to make investment. genuineness (ICG)of capital the  The -Revenue’s (SC) share transactions. assessee has  The summons addressed to Appeal premium discharged its burden cast – Rs. 66 contributors remained upon it to prove identity, crores uncompiled with. creditworthiness & Notice 133

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 1. Cement Pvt 68: forward to prove identity, having adequate reserves Ltd. Share creditworthiness & to make investment. genuineness (ICG)of capital the  The -Revenue’s (SC) share transactions. assessee has  The summons addressed to Appeal premium discharged its burden cast – Rs. 66 contributors remained upon it to prove identity, crores uncompiled with. creditworthiness & Notice 133

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 1. Cement Pvt 68: forward to prove identity, having adequate reserves Ltd. Share creditworthiness & to make investment. genuineness (ICG)of capital the  The -Revenue’s (SC) share transactions. assessee has  The summons addressed to Appeal premium discharged its burden cast – Rs. 66 contributors remained upon it to prove identity, crores uncompiled with. creditworthiness & Notice 133

ADDL. CIT, SPECIAL RANGE- 7, NEW DELHI vs. PRAYAG POLYTECH PVT. LTD., NEW DELHI

In the result, the appeal of the assessee is allowed

Bench: Shri H.S. Sidhu & Shri B.R.R. Kumarassessment Year: 2014-15

133(6) as well as under section 131. The AO, however, was not satisfied about the identity and creditworthiness of 14 parties out of the 45 parties and made an addition of Rs.9,46,00,000/- under section 68