GUPTA CITI SHELTERS LTD. vs. COMMISSIONER OF INCOME TAX NEW DELHI

Appeals of the assessee are allowed

68 and 69 of the Act. 41. During the arguments, we had posed these queries. Learned counsel appearing for the Revenue understood the limitation of their case. For this reason, a fervent plea was made that this case be remitted back to the AOs to enable him to make further investigation. 42. However, in the facts and circumstances of these

GUPTA CITI SHELTERS LTD. vs. COMMISSIONER OF INCOME TAX NEW DELHI

Appeals of the assessee are allowed

Bench: CASES PERTAINING TO SPL.DIVISION BENCHES

68 and 69 of the Act. 41. During the arguments, we had posed these queries. Learned counsel appearing for the Revenue understood the limitation of their case. For this reason, a fervent plea was made that this case be remitted back to the AOs to enable him to make further investigation. 42. However, in the facts and circumstances of these

COMMISSIONER OF INCOME TAX-III vs. SHAM MOHAN PVT LTD

Appeals of the assessee are allowed

68 and 69 of the Act. During the arguments, we had posed these queries' Learned counsel appearing for the Revenue understood the limitation of their case, For this reason, a fervent plea was made that this case be remitted back to the AOs to enable him to make further investigation' However, in the facts and circumstances of these cases

CIT vs. LAXMAN INDUSTRIAL RESOURCES LTD

Appeals of the assessee are allowed

Bench: CASES PERTAINING TO SPL.DIVISION BENCHES

68 and 69 of the Act. During the arguments, we had posed these queries' Learned counsel appearing for the Revenue understood the limitation of their case, For this reason, a fervent plea was made that this case be remitted back to the AOs to enable him to make further investigation' However, in the facts and circumstances of these cases

INFOMEDIARY INDIA PVT LTD vs. COMMISSIONER OF INCOME TAX

Appeals of the assessee are allowed

Bench: CASES PERTAINING TO SPL.DIVISION BENCHES

68 and 69 of the Act. During the arguments, we had posed these queries' Learned counsel appearing for the Revenue understood the limitation of their case, For this reason, a fervent plea was made that this case be remitted back to the AOs to enable him to make further investigation' However, in the facts and circumstances of these cases

INFOMEDIARY INDIA PVT LTD vs. COMISSIONER OF INCOME TAX

Appeals of the assessee are allowed

68 and 69 of the Act. During the arguments, we had posed these queries' Learned counsel appearing for the Revenue understood the limitation of their case, For this reason, a fervent plea was made that this case be remitted back to the AOs to enable him to make further investigation' However, in the facts and circumstances of these cases

CIT vs. JH FINVEST PVT LTD

Appeals of the assessee are allowed

Bench: CASES PERTAINING TO SPL.DIVISION BENCHES

68 and 69 of the Act. During the arguments, we had posed these queries' Learned counsel appearing for the Revenue understood the limitation of their case, For this reason, a fervent plea was made that this case be remitted back to the AOs to enable him to make further investigation' However, in the facts and circumstances of these cases

COMMISSIONER OF INCOME TAX vs. VIJAY FOILS P.LTD.

Appeals of the assessee are allowed

Bench: CASES PERTAINING TO SPL.DIVISION BENCHES

68 and 69 of the Act. During the arguments, we had posed these queries' Learned counsel appearing for the Revenue understood the limitation of their case, For this reason, a fervent plea was made that this case be remitted back to the AOs to enable him to make further investigation' However, in the facts and circumstances of these cases

COMMISSIONER OF INCOME TAX vs. VIJAY FOILS P.LTD.

Appeals of the assessee are allowed

68 and 69 of the Act. During the arguments, we had posed these queries' Learned counsel appearing for the Revenue understood the limitation of their case, For this reason, a fervent plea was made that this case be remitted back to the AOs to enable him to make further investigation' However, in the facts and circumstances of these cases

DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S. SHRISH ENTERPRISES PRIVATE LIMITED, DELHI

Bench: Ms. Madhumita Roy & Shri Naveen Chandradcit, Room No. 225E, Cr Vs. M/S Shrish Enterprise Building, 2Nd Floor, Private Limited, Hall No. Ip Estate, 3 & 4, M-27/2, Badli New Delhi - 110002 Industrial Estate, Badli, Delhi – 110042 "थायीलेखासं./जीआइआरसं./Pan/Gir No: Aafcs0684N Appellant .. Respondent

Section 250 of the Income Tax Act, 1961 issued vide DIN No. ITBA/NFAC/F/APL_I/2024- 25/1065485485(1) on 07/06/2024 requiring the assessee M/s Shrish Enterprises Private Limited (hereinafter may be referred to as "the Firm") to provide the documents and information as per the annexure of the said notice, we would like to submit as under: 1. Please prove the genuineness

DCIT, CIRCLE-4(2), NEW DELHI vs. BAWA JEWELLERS PVT. LTD., NEW DELHI

In the result, appeal of the Revenue is dismissed

Bench: Shri Narendra Kumar Billaiya & Shri Challa Nagendra Prasadआ.अ.सं/.I.T.A No.352/Del/2021 िनधा"रणवष"/Assessment Year:2017-18 बनाम Dcit Bawa Jewellers Pvt. Ltd. Circle 4(2) Vs. A-24, Tagore Market, Kirti Nagar, New Delhi. West, New Delhi. Pan No. Aaacb4823D अपीलाथ" Appellant ""यथ"/Respondent

163/- 2015-2016 b) Total cash sales from Rs.18,26,21,904/- 01.04.2015 to 08.11.2015 5.2 a) Total cash sales in FY Rs.42,84,00,142/- 2016-2017 b) Total cash sales from Rs.38,59,60,848/- 01.04.2016 to 08.11.2016 5.3 a) Percentage increase 34% between 5.2(a) and 5.1(a) b) Percentage increase 111% between

DY. COMMISSIONER OF INCOME TAX, NOIDA vs. M/S RUDRA BUILDWELL HOMES PVT. LTD, DELHI

Bench: Shri Satbeer Singh Godara & Shri Manish Agarwalassessment Year: 2016-17 Vs. M/S. Rudra Buildwell Homes Dcit, Central Circle-I, Noida Pvt. Ltd., 53, Okhla Phase, Delhi Pan: Aafcr6959P (Appellant) (Respondent) With C.O. No.106/Del/2025 [Arising Out Of Ita No.602/Del/2025] Assessment Year: 2016-17 M/S. Rudra Buildwell Vs. Dcit, Central Circle-I, Homes Pvt. Ltd., Noida A-66, Sector-63, Noida Pan: Aafcr6959P (Appellant) (Respondent) Assessee By Sh. Rohit Kapoor, Adv. Sh. Veersen Agarwal, Itp Department By Sh. Rajesh Chandra, Cit(Dr) Date Of Hearing 12.08.2025 Date Of Pronouncement 29.08.2025 Order Per Satbeer Singh Godara, Jm This Revenue’S Appeal Ita No.602/Del/2025 & Assessee’S Cross Objection C.O. No. 106/Del/2025 For Assessment Year 2016-

Section 68 speaks of three criterias of the Identity, genuineness and creditworthiness of the lender for justifying the credit as acceptable. There are plethora of judgments which clarify the extent to which the assessee is supposed to justify the above three criterias. (On identity) The Hon'ble High Court of Mumbai in the case of Orient Trading Company

VIJAY AGGARWAL,DELHI vs. ITO, WARD- 48(5), NEW DELHI

In the result, all the appeals of different assessees are partly allowed

Bench: : Shri Bhavnesh Saini & Shri L.P. Sahuassessment Year: 2010-11

68 by proving the identity of the creditors by giving their complete addresses, GIR number/permanent accounts number and the copies of assessment orders wherever readily available. It has also proved the capacity of the crediotrs by showing that the amounts were received by the assessee by account payee cheques drawn from bank accounts of the creditors and the assessee

MOIN AKHTAR QURESHI AS REPRESENTATIVE ASSESSEE/AGENT OF M/S. CABINET JEAN LOUIS DENIOT ,NEW DELHI vs. ACIT, CENTRAL CIRCLE- 19, NEW DELHI

In the result, ITA.No.6672/Del

Bench: Shri R.K. Panda & Shri Anubhav Sharma

163 of I. T. Act and initiated assessment proceedings. 2.2. During the course of assessment proceedings, the A.O. after analyzing the documents/evidence extracted from the seized records observed that the employees of Mr. Jean Louis Deniot, who were associated with this project, were sending decoration quotes through emails on regular basis to the employees of Mr. Moin Akhtar Oureshi during

MOIN AKHTAR QURESHI AS REPRESENTATIVE ASSESSEE/AGENT OF M/S. JEAN LOUIS DENIOT,NEW DELHI vs. ACIT, CENTRAL CIRCLE- 19, NEW DELHI

In the result, ITA.No.6672/Del

Bench: Shri R.K. Panda & Shri Anubhav Sharma

163 of I. T. Act and initiated assessment proceedings. 2.2. During the course of assessment proceedings, the A.O. after analyzing the documents/evidence extracted from the seized records observed that the employees of Mr. Jean Louis Deniot, who were associated with this project, were sending decoration quotes through emails on regular basis to the employees of Mr. Moin Akhtar Oureshi during

MOIN AKHTAR QURESHI AS REPRESENTATIVE ASSESSEE/AGENT OF M/S. DESIGN 39 INC.,NEW DELHI vs. ACIT, CENTRAL CIRCLE- 19, NEW DELHI

In the result, ITA.No.6672/Del

Bench: Shri R.K. Panda & Shri Anubhav Sharma

163 of I. T. Act and initiated assessment proceedings. 2.2. During the course of assessment proceedings, the A.O. after analyzing the documents/evidence extracted from the seized records observed that the employees of Mr. Jean Louis Deniot, who were associated with this project, were sending decoration quotes through emails on regular basis to the employees of Mr. Moin Akhtar Oureshi during

MOIN AKHTAR QURESHI AS REPRESENTATIVE ASSESSEE/AGENT OF M/S. CABINET JEAN LOUIS DENIOT ,NEW DELHI vs. ACIT, CENTRAL CIRCLE- 19, NEW DELHI

In the result, ITA.No.6672/Del

Bench: Shri R.K. Panda & Shri Anubhav Sharma

163 of I. T. Act and initiated assessment proceedings. 2.2. During the course of assessment proceedings, the A.O. after analyzing the documents/evidence extracted from the seized records observed that the employees of Mr. Jean Louis Deniot, who were associated with this project, were sending decoration quotes through emails on regular basis to the employees of Mr. Moin Akhtar Oureshi during

MOIN AKHTAR QURESHI AS REPRESENTATIVE ASSESSEE/AGENT OF M/S. JEAN LOUIS DENIOT,NEW DELHI vs. ACIT, CENTRAL CIRCLE- 19, NEW DELHI

In the result, ITA.No.6672/Del

Bench: Shri R.K. Panda & Shri Anubhav Sharma

163 of I. T. Act and initiated assessment proceedings. 2.2. During the course of assessment proceedings, the A.O. after analyzing the documents/evidence extracted from the seized records observed that the employees of Mr. Jean Louis Deniot, who were associated with this project, were sending decoration quotes through emails on regular basis to the employees of Mr. Moin Akhtar Oureshi during

MOIN AKHTAR QURESHI AS REPRESENTATIVE ASSESSEE/AGENT OF M/S. JEAN LOUIS DENIOT,NEW DELHI vs. ACIT, CENTRAL CIRCLE- 19, NEW DELHI

In the result, ITA.No.6672/Del

Bench: Shri R.K. Panda & Shri Anubhav Sharma

163 of I. T. Act and initiated assessment proceedings. 2.2. During the course of assessment proceedings, the A.O. after analyzing the documents/evidence extracted from the seized records observed that the employees of Mr. Jean Louis Deniot, who were associated with this project, were sending decoration quotes through emails on regular basis to the employees of Mr. Moin Akhtar Oureshi during