KRBL LIMITED,DELHI vs. DCIT CENTRAL CIRCLE- 07, NEW DELHI

In the result, the appeal of the assessee on this ground is allowed

Bench: Sh. A.D. Jaindr. B. R. R. Kumarita No. 1196/Del/2020 : Asstt. Year: 2010-11 Ita No. 1197/Del/2020 : Asstt. Year: 2011-12

68,38,614/- (separately dealt in grounds of appeal at Sl.no.2 to 5 below) made by the Learned Deputy Commissioner of Income Tax, Central Circle-07, New Delhi (‘Ld. AO’) in the impugned order dated 31.12.2018 passed under section 153A read with section 143(3) of the Act (‘Impugned Assessment Order’) for the subject year

DCIT CENTRAL CIRCLE- 19, NEW DELHI vs. KRBL LIMITED, DELHI

In the result, the appeal of the assessee on this ground is allowed

Bench: Sh. A.D. Jaindr. B. R. R. Kumarita No. 1196/Del/2020 : Asstt. Year: 2010-11 Ita No. 1197/Del/2020 : Asstt. Year: 2011-12

68,38,614/- (separately dealt in grounds of appeal at Sl.no.2 to 5 below) made by the Learned Deputy Commissioner of Income Tax, Central Circle-07, New Delhi (‘Ld. AO’) in the impugned order dated 31.12.2018 passed under section 153A read with section 143(3) of the Act (‘Impugned Assessment Order’) for the subject year

KRBL LIMITED,DELHI vs. DCIT CENTRAL CIRCLE- 07, NEW DELHI

In the result, the appeal of the assessee on this ground is allowed

Bench: Sh. A.D. Jaindr. B. R. R. Kumarita No. 1196/Del/2020 : Asstt. Year: 2010-11 Ita No. 1197/Del/2020 : Asstt. Year: 2011-12

68,38,614/- (separately dealt in grounds of appeal at Sl.no.2 to 5 below) made by the Learned Deputy Commissioner of Income Tax, Central Circle-07, New Delhi (‘Ld. AO’) in the impugned order dated 31.12.2018 passed under section 153A read with section 143(3) of the Act (‘Impugned Assessment Order’) for the subject year

DCIT CENTRAL CIRCLE- 19, NEW DELHI vs. KRBL LIMITED, DELHI

In the result, the appeal of the assessee on this ground is allowed

Bench: Sh. A.D. Jaindr. B. R. R. Kumarita No. 1196/Del/2020 : Asstt. Year: 2010-11 Ita No. 1197/Del/2020 : Asstt. Year: 2011-12

68,38,614/- (separately dealt in grounds of appeal at Sl.no.2 to 5 below) made by the Learned Deputy Commissioner of Income Tax, Central Circle-07, New Delhi (‘Ld. AO’) in the impugned order dated 31.12.2018 passed under section 153A read with section 143(3) of the Act (‘Impugned Assessment Order’) for the subject year

DCIT CENTRAL CIRCLE- 19, NEW DELHI vs. KRBL LIMITED, DELHI

In the result, the appeal of the assessee on this ground is allowed

Bench: Sh. A.D. Jaindr. B. R. R. Kumarita No. 1196/Del/2020 : Asstt. Year: 2010-11 Ita No. 1197/Del/2020 : Asstt. Year: 2011-12

68,38,614/- (separately dealt in grounds of appeal at Sl.no.2 to 5 below) made by the Learned Deputy Commissioner of Income Tax, Central Circle-07, New Delhi (‘Ld. AO’) in the impugned order dated 31.12.2018 passed under section 153A read with section 143(3) of the Act (‘Impugned Assessment Order’) for the subject year

DCIT CENTRAL CIRCLE- 19, NEW DELHI vs. KRBL LIMITED, DELHI

In the result, the appeal of the assessee on this ground is allowed

Bench: Sh. A.D. Jaindr. B. R. R. Kumarita No. 1196/Del/2020 : Asstt. Year: 2010-11 Ita No. 1197/Del/2020 : Asstt. Year: 2011-12

68,38,614/- (separately dealt in grounds of appeal at Sl.no.2 to 5 below) made by the Learned Deputy Commissioner of Income Tax, Central Circle-07, New Delhi (‘Ld. AO’) in the impugned order dated 31.12.2018 passed under section 153A read with section 143(3) of the Act (‘Impugned Assessment Order’) for the subject year

KRBL LIMITED,DELHI vs. DCIT CENTRAL CIRCLE- 07, NEW DELHI

In the result, the appeal of the assessee on this ground is allowed

Bench: Sh. A.D. Jaindr. B. R. R. Kumarita No. 1196/Del/2020 : Asstt. Year: 2010-11 Ita No. 1197/Del/2020 : Asstt. Year: 2011-12

68,38,614/- (separately dealt in grounds of appeal at Sl.no.2 to 5 below) made by the Learned Deputy Commissioner of Income Tax, Central Circle-07, New Delhi (‘Ld. AO’) in the impugned order dated 31.12.2018 passed under section 153A read with section 143(3) of the Act (‘Impugned Assessment Order’) for the subject year

KRBL LIMITED,DELHI vs. DCIT CENTRAL CIRCLE- 07, NEW DELHI

In the result, the appeal of the assessee on this ground is allowed

Bench: Sh. A.D. Jaindr. B. R. R. Kumarita No. 1196/Del/2020 : Asstt. Year: 2010-11 Ita No. 1197/Del/2020 : Asstt. Year: 2011-12

68,38,614/- (separately dealt in grounds of appeal at Sl.no.2 to 5 below) made by the Learned Deputy Commissioner of Income Tax, Central Circle-07, New Delhi (‘Ld. AO’) in the impugned order dated 31.12.2018 passed under section 153A read with section 143(3) of the Act (‘Impugned Assessment Order’) for the subject year

DCIT CENTRAL CIRCLE- 19, NEW DELHI vs. KRBL LIMITED, DELHI

In the result, the appeal of the assessee on this ground is allowed

Bench: Sh. A.D. Jaindr. B. R. R. Kumarita No. 1196/Del/2020 : Asstt. Year: 2010-11 Ita No. 1197/Del/2020 : Asstt. Year: 2011-12

68,38,614/- (separately dealt in grounds of appeal at Sl.no.2 to 5 below) made by the Learned Deputy Commissioner of Income Tax, Central Circle-07, New Delhi (‘Ld. AO’) in the impugned order dated 31.12.2018 passed under section 153A read with section 143(3) of the Act (‘Impugned Assessment Order’) for the subject year

KRBL LIMITED,DELHI vs. DCIT CENTRAL CIRCLE- 07, NEW DELHI

In the result, the appeal of the assessee on this ground is allowed

Bench: Sh. A.D. Jaindr. B. R. R. Kumarita No. 1196/Del/2020 : Asstt. Year: 2010-11 Ita No. 1197/Del/2020 : Asstt. Year: 2011-12

68,38,614/- (separately dealt in grounds of appeal at Sl.no.2 to 5 below) made by the Learned Deputy Commissioner of Income Tax, Central Circle-07, New Delhi (‘Ld. AO’) in the impugned order dated 31.12.2018 passed under section 153A read with section 143(3) of the Act (‘Impugned Assessment Order’) for the subject year

DCIT CENTRAL CIRCLE- 19, NEW DELHI vs. KRBL LIMITED, DELHI

In the result, the appeal of the assessee on this ground is allowed

Bench: Sh. A.D. Jaindr. B. R. R. Kumarita No. 1196/Del/2020 : Asstt. Year: 2010-11 Ita No. 1197/Del/2020 : Asstt. Year: 2011-12

68,38,614/- (separately dealt in grounds of appeal at Sl.no.2 to 5 below) made by the Learned Deputy Commissioner of Income Tax, Central Circle-07, New Delhi (‘Ld. AO’) in the impugned order dated 31.12.2018 passed under section 153A read with section 143(3) of the Act (‘Impugned Assessment Order’) for the subject year

KRBL LIMITED,DELHI vs. DCIT CENTRAL CIRCLE- 07, NEW DELHI

In the result, the appeal of the assessee on this ground is allowed

Bench: Sh. A.D. Jaindr. B. R. R. Kumarita No. 1196/Del/2020 : Asstt. Year: 2010-11 Ita No. 1197/Del/2020 : Asstt. Year: 2011-12

68,38,614/- (separately dealt in grounds of appeal at Sl.no.2 to 5 below) made by the Learned Deputy Commissioner of Income Tax, Central Circle-07, New Delhi (‘Ld. AO’) in the impugned order dated 31.12.2018 passed under section 153A read with section 143(3) of the Act (‘Impugned Assessment Order’) for the subject year

DCIT CENTRAL CIRCLE- 19, NEW DELHI vs. KRBL LIMITED, DELHI

In the result, the appeal of the assessee on this ground is allowed

Bench: Sh. A.D. Jaindr. B. R. R. Kumarita No. 1196/Del/2020 : Asstt. Year: 2010-11 Ita No. 1197/Del/2020 : Asstt. Year: 2011-12

68,38,614/- (separately dealt in grounds of appeal at Sl.no.2 to 5 below) made by the Learned Deputy Commissioner of Income Tax, Central Circle-07, New Delhi (‘Ld. AO’) in the impugned order dated 31.12.2018 passed under section 153A read with section 143(3) of the Act (‘Impugned Assessment Order’) for the subject year

ACIT, NEW DELHI vs. FILATEX INDIA LIMITED, DELHI

section 147 is \"income escaping assessment\"\nand that of section 148 \"issue of notice where income escaped\nassessment\". Section 148 is supplementary and complimentary to section\n147. Sub-section (2) of section 148 mandates reasons for issuance of\nnotice by the Assessing Officer and sub-section (1) thereof mandates\nservice of notice

DCIT, CIRCLE- 25(1), NEW DELHI vs. TEPE CONSULTANTS PVT. LTD., NEW DELHI

In the result, the appeal of the Revenue is dismissed

Bench: Dr. B. R. R. Kumarsh. Yogesh Kumar Us

section 68 of the Income Tax Act, 1961 and further penalty u/s 271(1) (c) has been imposed and interest u/s 234A

ACIT, NEW DELHI vs. FILATAX INIDA LIMITED, DELHI

section 148A. The\n\nrelevant observations of the hon'ble high court as contained in para 29\nto 32 of the order reads as under:\n\n29. In our considered opinion, and bearing in mind the import of Explanation 3\nas well as the language in which Section 147 of the Act stands couched,\nwe find no justification

SURABHI ENTERTAINMENT PRIVATE LIMITED ( PREVIOUSLY KNOWN AS PEARLS ENTERTAINMENT PRIVATE LIMITED),NEW DELHI vs. DCIT, CIRCLE-24(2), NEW DELHI

In the result, this appeal stands dismissed on merit

Bench: Shri Kul Bharat & Shri Avdhesh Kumar Mishra

section 68 of the I. T. Act, 1961. 4. On the facts and in the circumstances of the case, Ld. CIT(A) has erred on facts and in law by the addition of Rs. 9,40,000/- towards commission @ 2% on the amount determined undersection 68 of the I. T. Act, 1961. 5. Without prejudice to above

NIMBUS (INDIA) LTD.,NEW DELHI vs. DCIT, CENTRAL CIRCLE, NOIDA

In the result, both the appeals filed by the assessee are partly allowed

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

234A, 234B, 234C & 234D of Income Tax Act, 1961. 8. That the appellant craves the leave to add, modify, amend or delete any of the grounds of appeal at the time of hearing and all the above grounds are without prejudice to each other.” 12. The ld. Counsel for the assessee, at the time of hearing, fairly conceded that grounds