ACIT. CENTRAL CIRCLE- 30, NEW DELHI vs. AMARJYOTI VANIJYA (P) LTD., NEW DELHI

In the result, all the appeals of the Revenue are dismissed

Bench: Shri Amit Shukla & Shri B.R.R. Kumar

68 of the Act and Rs. 11,41,050/- in AY 2009- 10, Rs. 18,81,500/-in AY 2010-11 and Rs. 12,79,959/- in AY 2011- 12 in respect of brokerage on such unexplained cash credit as unexplained expenditure under section 69C of the Act. The additions in respect of unexplained investment in M/s Prakash Industries

ACIT, CENTRAL CIRCLE- 30, NEW DELHI vs. PRAKASH INDUSTRIES LTD., HISAR

Bench: Shri Amit Shukla & Shri B.R.R. Kumar

68 of the act unexplained 20,79,200 deleted department and brokerage @5% additional ground by assessee salary paid in cash 11,78,500 confirmed assessee and u/s 69c additional ground by assessee purchase of scrap @ 1,39,28,065 confirmed 0.75% Rs. Assesseeand 1% of turnover 104,46,052 and deleted 0.25% Rs. department 34,82,013 shifting

PRAKASH INDUSTRIES LTD.,NEW DELHI vs. ACIT, CC- 30,, NEW DELHI

Bench: Shri Amit Shukla & Shri B.R.R. Kumar

68 of the act unexplained 20,79,200 deleted department and brokerage @5% additional ground by assessee salary paid in cash 11,78,500 confirmed assessee and u/s 69c additional ground by assessee purchase of scrap @ 1,39,28,065 confirmed 0.75% Rs. Assesseeand 1% of turnover 104,46,052 and deleted 0.25% Rs. department 34,82,013 shifting

PRAKASH INDUSTRIES LTD.,NEW DELHI vs. ACIT, CC- 30,, NEW DELHI

Bench: Shri Amit Shukla & Shri B.R.R. Kumar

68 of the act unexplained 20,79,200 deleted department and brokerage @5% additional ground by assessee salary paid in cash 11,78,500 confirmed assessee and u/s 69c additional ground by assessee purchase of scrap @ 1,39,28,065 confirmed 0.75% Rs. Assesseeand 1% of turnover 104,46,052 and deleted 0.25% Rs. department 34,82,013 shifting

ACIT, CENTRAL CIRCLE- 30, NEW DELHI vs. PARKASH INDUSTRIES LTD, HISAR

Bench: Shri Amit Shukla & Shri B.R.R. Kumar

68 of the act unexplained 20,79,200 deleted department and brokerage @5% additional ground by assessee salary paid in cash 11,78,500 confirmed assessee and u/s 69c additional ground by assessee purchase of scrap @ 1,39,28,065 confirmed 0.75% Rs. Assesseeand 1% of turnover 104,46,052 and deleted 0.25% Rs. department 34,82,013 shifting

ACIT, CENTRAL CIRCLE- 30, NEW DELHI vs. PARKASH INDUSTRIES LTD, HISAR

Bench: Shri Amit Shukla & Shri B.R.R. Kumar

68 of the act unexplained 20,79,200 deleted department and brokerage @5% additional ground by assessee salary paid in cash 11,78,500 confirmed assessee and u/s 69c additional ground by assessee purchase of scrap @ 1,39,28,065 confirmed 0.75% Rs. Assesseeand 1% of turnover 104,46,052 and deleted 0.25% Rs. department 34,82,013 shifting

PRAKASH INDUSTRIES LTD.,NEW DELHI vs. ACIT, CC- 30,, NEW DELHI

Bench: Shri Amit Shukla & Shri B.R.R. Kumar

68 of the act unexplained 20,79,200 deleted department and brokerage @5% additional ground by assessee salary paid in cash 11,78,500 confirmed assessee and u/s 69c additional ground by assessee purchase of scrap @ 1,39,28,065 confirmed 0.75% Rs. Assesseeand 1% of turnover 104,46,052 and deleted 0.25% Rs. department 34,82,013 shifting

PRAKASH INDUSTRIES LTD.,NEW DELHI vs. ACIT, CENTRAL CIRCLE- 30, NEW DELHI

Bench: Shri Amit Shukla & Shri B.R.R. Kumar

68 of the act unexplained 20,79,200 deleted department and brokerage @5% additional ground by assessee salary paid in cash 11,78,500 confirmed assessee and u/s 69c additional ground by assessee purchase of scrap @ 1,39,28,065 confirmed 0.75% Rs. Assesseeand 1% of turnover 104,46,052 and deleted 0.25% Rs. department 34,82,013 shifting

ACIT, CENTRAL CIRCLE- 30, NEW DELHI vs. PARKASH INDUSTRIES LTD, HISAR

Bench: Shri Amit Shukla & Shri B.R.R. Kumar

68 of the act unexplained 20,79,200 deleted department and brokerage @5% additional ground by assessee salary paid in cash 11,78,500 confirmed assessee and u/s 69c additional ground by assessee purchase of scrap @ 1,39,28,065 confirmed 0.75% Rs. Assesseeand 1% of turnover 104,46,052 and deleted 0.25% Rs. department 34,82,013 shifting

PRAKASH INDUSTRIES LTD.,NEW DELHI vs. ACIT, CC- 30,, NEW DELHI

Bench: Shri Amit Shukla & Shri B.R.R. Kumar

68 of the act unexplained 20,79,200 deleted department and brokerage @5% additional ground by assessee salary paid in cash 11,78,500 confirmed assessee and u/s 69c additional ground by assessee purchase of scrap @ 1,39,28,065 confirmed 0.75% Rs. Assesseeand 1% of turnover 104,46,052 and deleted 0.25% Rs. department 34,82,013 shifting

PRAKASH INDUSTRIES LTD.,NEW DELHI vs. ACIT, CC- 30,, NEW DELHI

Bench: Shri Amit Shukla & Shri B.R.R. Kumar

68 of the act unexplained 20,79,200 deleted department and brokerage @5% additional ground by assessee salary paid in cash 11,78,500 confirmed assessee and u/s 69c additional ground by assessee purchase of scrap @ 1,39,28,065 confirmed 0.75% Rs. Assesseeand 1% of turnover 104,46,052 and deleted 0.25% Rs. department 34,82,013 shifting

ACIT, CENTRAL CIRCLE- 30, NEW DELHI vs. PRAKASH INDUSTRIES LTD., HISAR

Bench: Shri Amit Shukla & Shri B.R.R. Kumar

68 of the act unexplained 20,79,200 deleted department and brokerage @5% additional ground by assessee salary paid in cash 11,78,500 confirmed assessee and u/s 69c additional ground by assessee purchase of scrap @ 1,39,28,065 confirmed 0.75% Rs. Assesseeand 1% of turnover 104,46,052 and deleted 0.25% Rs. department 34,82,013 shifting

PRAKASH INDUSTRIES LTD.,NEW DELHI vs. ACIT, CC- 30,, NEW DELHI

Bench: Shri Amit Shukla & Shri B.R.R. Kumar

68 of the act unexplained 20,79,200 deleted department and brokerage @5% additional ground by assessee salary paid in cash 11,78,500 confirmed assessee and u/s 69c additional ground by assessee purchase of scrap @ 1,39,28,065 confirmed 0.75% Rs. Assesseeand 1% of turnover 104,46,052 and deleted 0.25% Rs. department 34,82,013 shifting

PROFORM INTERIORS PRIVATE LIMITED,GURGAON vs. DCIT CC-20, NEW DELHI

In the result, all the appeals for Assessment Years 2013-14 to 2022-23 in ITA

Bench: Shri Anubhav Sharma & Shri Manish Agarwalita Nos. 4153 & 4008/Del/2025 (Assessment Year: 2012-13 & 2018-19) Dcit, Proform Interiors Pvt. Ltd., Central Circle-20, Ground Floor, Jmd Regent Room No. 269A, 2Nd Floor, Vs. Plaza, Mg Road, Gurgaon, Ara Centre, Jhandewalan Haryana-122001. Extn., Delhi-110055. Pan-Aahcs5999J

Section 119 of the Act. Vide Para 9 of Chapter 3 of Volume-II (Technical), a clear procedure is devised i.e., how an approval is to be granted for draft assessment for passing of assessment order in search cases. According to the Manual, the Assessing Officer should submit the draft assessment order for such approval well in time along

AMOL AWASTHI,NEW DELHI vs. DCIT, CENTRAL CIRCLE-I, NEW DELHI

In the result, appeals are allowed, as indicated

Bench: Shri Saktijit Dey & Shri M Balaganesh

Section 153C read with Section 153A of the Act. 97. Proceeding then to List II, we find that the petitions placed in that list pertain to cases where the hand over occurred in FYs 2022-23 and 2023-24. Consequently, the relevant AYs' would be AY 2023-24 and AY 2024-25 respectively. In light of the principles

AMOL AWASTHI,NEW DELHI vs. DCIT, CENTRAL CIRCLE-1, NEW DELHI

In the result, appeals are allowed, as indicated

Bench: Shri Saktijit Dey & Shri M Balaganesh

Section 153C read with Section 153A of the Act. 97. Proceeding then to List II, we find that the petitions placed in that list pertain to cases where the hand over occurred in FYs 2022-23 and 2023-24. Consequently, the relevant AYs' would be AY 2023-24 and AY 2024-25 respectively. In light of the principles

AMOL AWASTHI,NEW DELHI vs. DCIT, C.C.1, NEW DELHI

In the result, appeals are allowed, as indicated

Bench: Shri Saktijit Dey & Shri M Balaganesh

Section 153C read with Section 153A of the Act. 97. Proceeding then to List II, we find that the petitions placed in that list pertain to cases where the hand over occurred in FYs 2022-23 and 2023-24. Consequently, the relevant AYs' would be AY 2023-24 and AY 2024-25 respectively. In light of the principles

AMOL AWASTHI,NEW DELHI vs. DCIT, C.C.1, NEW DELHI

In the result, appeals are allowed, as indicated

Bench: Shri Saktijit Dey & Shri M Balaganesh

Section 153C read with Section 153A of the Act. 97. Proceeding then to List II, we find that the petitions placed in that list pertain to cases where the hand over occurred in FYs 2022-23 and 2023-24. Consequently, the relevant AYs' would be AY 2023-24 and AY 2024-25 respectively. In light of the principles