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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

220 (Del. HC) • CIT V Vrindavan Farms (P) Ltd ITA NO. 71/2015 (Del. HC) • CIT V Rakam Money Matters ITA No. 778/ 2015 (Del. HC) • CIT V Gagandeep Infrastrusctre Pvt Ltd (Bombay HC)  The assessee company failed  The ICG of transactions 3. Delight 2014-15 Section 68

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

220 (Del. HC) • CIT V Vrindavan Farms (P) Ltd ITA NO. 71/2015 (Del. HC) • CIT V Rakam Money Matters ITA No. 778/ 2015 (Del. HC) • CIT V Gagandeep Infrastrusctre Pvt Ltd (Bombay HC)  The assessee company failed  The ICG of transactions 3. Delight 2014-15 Section 68

M/S GLOBUS REAL INFRA PVT. LTD.,,NEW DELHI vs. DCIT, NEW DELHI

Bench: Shri Amit Shukla & Shri Prashant Maharishi

220 (Del. HC) • CIT V Vrindavan Farms (P) Ltd ITA NO. 71/2015 (Del. HC) • CIT V Rakam Money Matters ITA No. 778/ 2015 (Del. HC) • CIT V Gagandeep Infrastrusctre Pvt Ltd (Bombay HC)  The assessee company failed  The ICG of transactions 3. Delight 2014-15 Section 68

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

220 (Del. HC) • CIT V Vrindavan Farms (P) Ltd ITA NO. 71/2015 (Del. HC) • CIT V Rakam Money Matters ITA No. 778/ 2015 (Del. HC) • CIT V Gagandeep Infrastrusctre Pvt Ltd (Bombay HC)  The assessee company failed  The ICG of transactions 3. Delight 2014-15 Section 68

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

220 (Del. HC) • CIT V Vrindavan Farms (P) Ltd ITA NO. 71/2015 (Del. HC) • CIT V Rakam Money Matters ITA No. 778/ 2015 (Del. HC) • CIT V Gagandeep Infrastrusctre Pvt Ltd (Bombay HC)  The assessee company failed  The ICG of transactions 3. Delight 2014-15 Section 68

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

220 (Del. HC) • CIT V Vrindavan Farms (P) Ltd ITA NO. 71/2015 (Del. HC) • CIT V Rakam Money Matters ITA No. 778/ 2015 (Del. HC) • CIT V Gagandeep Infrastrusctre Pvt Ltd (Bombay HC)  The assessee company failed  The ICG of transactions 3. Delight 2014-15 Section 68

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

220 (Del. HC) • CIT V Vrindavan Farms (P) Ltd ITA NO. 71/2015 (Del. HC) • CIT V Rakam Money Matters ITA No. 778/ 2015 (Del. HC) • CIT V Gagandeep Infrastrusctre Pvt Ltd (Bombay HC)  The assessee company failed  The ICG of transactions 3. Delight 2014-15 Section 68

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

220 (Del. HC) • CIT V Vrindavan Farms (P) Ltd ITA NO. 71/2015 (Del. HC) • CIT V Rakam Money Matters ITA No. 778/ 2015 (Del. HC) • CIT V Gagandeep Infrastrusctre Pvt Ltd (Bombay HC)  The assessee company failed  The ICG of transactions 3. Delight 2014-15 Section 68

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

220 (Del. HC) • CIT V Vrindavan Farms (P) Ltd ITA NO. 71/2015 (Del. HC) • CIT V Rakam Money Matters ITA No. 778/ 2015 (Del. HC) • CIT V Gagandeep Infrastrusctre Pvt Ltd (Bombay HC)  The assessee company failed  The ICG of transactions 3. Delight 2014-15 Section 68

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

220 (Del. HC) • CIT V Vrindavan Farms (P) Ltd ITA NO. 71/2015 (Del. HC) • CIT V Rakam Money Matters ITA No. 778/ 2015 (Del. HC) • CIT V Gagandeep Infrastrusctre Pvt Ltd (Bombay HC)  The assessee company failed  The ICG of transactions 3. Delight 2014-15 Section 68

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

220 (Del. HC) • CIT V Vrindavan Farms (P) Ltd ITA NO. 71/2015 (Del. HC) • CIT V Rakam Money Matters ITA No. 778/ 2015 (Del. HC) • CIT V Gagandeep Infrastrusctre Pvt Ltd (Bombay HC)  The assessee company failed  The ICG of transactions 3. Delight 2014-15 Section 68

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

220 (Del. HC) • CIT V Vrindavan Farms (P) Ltd ITA NO. 71/2015 (Del. HC) • CIT V Rakam Money Matters ITA No. 778/ 2015 (Del. HC) • CIT V Gagandeep Infrastrusctre Pvt Ltd (Bombay HC)  The assessee company failed  The ICG of transactions 3. Delight 2014-15 Section 68

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

220 (Del. HC) • CIT V Vrindavan Farms (P) Ltd ITA NO. 71/2015 (Del. HC) • CIT V Rakam Money Matters ITA No. 778/ 2015 (Del. HC) • CIT V Gagandeep Infrastrusctre Pvt Ltd (Bombay HC)  The assessee company failed  The ICG of transactions 3. Delight 2014-15 Section 68

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

220 (Del. HC) • CIT V Vrindavan Farms (P) Ltd ITA NO. 71/2015 (Del. HC) • CIT V Rakam Money Matters ITA No. 778/ 2015 (Del. HC) • CIT V Gagandeep Infrastrusctre Pvt Ltd (Bombay HC)  The assessee company failed  The ICG of transactions 3. Delight 2014-15 Section 68

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

220 (Del. HC) • CIT V Vrindavan Farms (P) Ltd ITA NO. 71/2015 (Del. HC) • CIT V Rakam Money Matters ITA No. 778/ 2015 (Del. HC) • CIT V Gagandeep Infrastrusctre Pvt Ltd (Bombay HC)  The assessee company failed  The ICG of transactions 3. Delight 2014-15 Section 68

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

220 (Del. HC) • CIT V Vrindavan Farms (P) Ltd ITA NO. 71/2015 (Del. HC) • CIT V Rakam Money Matters ITA No. 778/ 2015 (Del. HC) • CIT V Gagandeep Infrastrusctre Pvt Ltd (Bombay HC)  The assessee company failed  The ICG of transactions 3. Delight 2014-15 Section 68

EBRO INDIA PVT.LTD. ,DELHI vs. ACIT CIRCLE-7(1), DELHI

In the result, the ground no 4 raised by the assessee is allowed

Bench: SHRI S.RIFAUR RAHMAN (Accountant Member), SHRI YOGESH KUMAR U.S. (Accountant Member)

section 68 of the Act qua share capital is not sustainable whether the assessee has duly filed Form PAS 3, confirmation, statement of back of subscriber, copy of PPAN card, copy of IT return etc.  To the similar effect are the following decisions:  Orissa Corporation (P) Limited: 159 ITR 78 (SC)  CIT v. Dolphin Canpack