MR. INDER PAL SINGH WADHAWAN,NEW DELHI vs. ACIT, NEW DELHI

In the result ground No. 2 of the appeal of the assessee is allowed

Bench: I.C.Sudhir & Shri Prashant Maharishiinder Pal Singh Wadhawan, Jcit, E/1/7, Ii Nd Floor, East Patel Vs. Circle-33, Nagar, New Delhi New Delhi Pan: Aarps6904L (Appellant) (Respondent) Acit, Inder Pal Singh Wadhawan, Circle-33(1), Room No.1505, E/1/7, Ii Nd Floor, Vs. 15Th Floor, Dr. Shyama Prasad East Patel Nagar, New Delhi Mukherjee Civil Centre, New Delhi Pan: Aarps6904L (Appellant) (Respondent) Inder Pal Singh Wadhawan, Acit, E/1/7, Ii Nd Floor, East Patel Circle-33, Vs. Nagar, New Delhi New Delhi Pan: Aarps6904L (Appellant) (Respondent) Acit, Inder Pal Singh Wadhawan, Circle-33(1), Room No.1505, 15Th E/1/7, Ii Nd Floor, Vs. Floor, Dr. Shyama Prasad East Patel Nagar, New Delhi Mukherjee Civil Centre, Pan: Aarps6904L New Delhi (Appellant) (Respondent)

245D(1) order, as per decision of Hon‟ble Supreme Court in the case of Brij Lal & Ors. Vs. CIT (2010) 328 ITR 477 (S.C). 18. The applicants have prayed for immunity from prosecution and imposition of penalties under various provisions of the Income Tax Act. and related sections of I.P.C. Considering the facts and circumstances of the case

ACIT, NEW DELHI vs. SH. INDERPAL SINGH WADHAWAN, NEW DELHI

In the result ground No. 2 of the appeal of the assessee is allowed

Bench: I.C.Sudhir & Shri Prashant Maharishiinder Pal Singh Wadhawan, Jcit, E/1/7, Ii Nd Floor, East Patel Vs. Circle-33, Nagar, New Delhi New Delhi Pan: Aarps6904L (Appellant) (Respondent) Acit, Inder Pal Singh Wadhawan, Circle-33(1), Room No.1505, E/1/7, Ii Nd Floor, Vs. 15Th Floor, Dr. Shyama Prasad East Patel Nagar, New Delhi Mukherjee Civil Centre, New Delhi Pan: Aarps6904L (Appellant) (Respondent) Inder Pal Singh Wadhawan, Acit, E/1/7, Ii Nd Floor, East Patel Circle-33, Vs. Nagar, New Delhi New Delhi Pan: Aarps6904L (Appellant) (Respondent) Acit, Inder Pal Singh Wadhawan, Circle-33(1), Room No.1505, 15Th E/1/7, Ii Nd Floor, Vs. Floor, Dr. Shyama Prasad East Patel Nagar, New Delhi Mukherjee Civil Centre, Pan: Aarps6904L New Delhi (Appellant) (Respondent)

245D(1) order, as per decision of Hon‟ble Supreme Court in the case of Brij Lal & Ors. Vs. CIT (2010) 328 ITR 477 (S.C). 18. The applicants have prayed for immunity from prosecution and imposition of penalties under various provisions of the Income Tax Act. and related sections of I.P.C. Considering the facts and circumstances of the case

AB MEDICOS PRIVATE LTD vs. INCOME TAX OFFICER WARD 1(1) & ANR.

Bench: HON'BLE MR. JUSTICE RAVINDER DUDEJA,HON'BLE MR. JUSTICE YASHWANT VARMA

68 of the Act at the hands of the assessee company is the statement recorded from one, Mr. Praveen Kumar Shastri, stated to be the director of Kandhari group of companies. 6 ITA 1/2024 On a perusal of the observations made by the Assessing Officer in the assessment order, it can be seen that in the statement recorded, the concerned

SH. HIMANSHU VERMA,DELHI vs. DCIT, NEW DELHI

In the result all the appeals filed by the Revenue and Assessee are dismissed

Bench: Sh. H.S. Sidhu & Shri L.P. Sahu

section 68 of the I T Act, 1961. 10.1.14 In view of the aforesaid detailed discussion, I do not agree with the decision of the Assessing Officer regarding taxing the total turnover of entries amounting to Rs.83,71,29,511/- as unexplained cash credit after accepting the appellant to be the entry operator. Since the beneficiaries are identified

SH. HIMANSHU VERMA,DELHI vs. DCIT, NEW DELHI

In the result all the appeals filed by the Revenue and Assessee are dismissed

Bench: Sh. H.S. Sidhu & Shri L.P. Sahu

section 68 of the I T Act, 1961. 10.1.14 In view of the aforesaid detailed discussion, I do not agree with the decision of the Assessing Officer regarding taxing the total turnover of entries amounting to Rs.83,71,29,511/- as unexplained cash credit after accepting the appellant to be the entry operator. Since the beneficiaries are identified

DCIT, NEW DELHI vs. SH. HIMANSHU VERMA, DELHI

In the result all the appeals filed by the Revenue and Assessee are dismissed

Bench: Sh. H.S. Sidhu & Shri L.P. Sahu

section 68 of the I T Act, 1961. 10.1.14 In view of the aforesaid detailed discussion, I do not agree with the decision of the Assessing Officer regarding taxing the total turnover of entries amounting to Rs.83,71,29,511/- as unexplained cash credit after accepting the appellant to be the entry operator. Since the beneficiaries are identified

DCIT, NEW DELHI vs. SH. HIMANSHU VERMA, DELHI

In the result all the appeals filed by the Revenue and Assessee are dismissed

Bench: Sh. H.S. Sidhu & Shri L.P. Sahu

section 68 of the I T Act, 1961. 10.1.14 In view of the aforesaid detailed discussion, I do not agree with the decision of the Assessing Officer regarding taxing the total turnover of entries amounting to Rs.83,71,29,511/- as unexplained cash credit after accepting the appellant to be the entry operator. Since the beneficiaries are identified

DCIT, NEW DELHI vs. SH. HIMANSHU VERMA, DELHI

In the result all the appeals filed by the Revenue and Assessee are dismissed

Bench: Sh. H.S. Sidhu & Shri L.P. Sahu

section 68 of the I T Act, 1961. 10.1.14 In view of the aforesaid detailed discussion, I do not agree with the decision of the Assessing Officer regarding taxing the total turnover of entries amounting to Rs.83,71,29,511/- as unexplained cash credit after accepting the appellant to be the entry operator. Since the beneficiaries are identified

SH. HIMANSHU VERMA,DELHI vs. DCIT, NEW DELHI

In the result all the appeals filed by the Revenue and Assessee are dismissed

Bench: Sh. H.S. Sidhu & Shri L.P. Sahu

section 68 of the I T Act, 1961. 10.1.14 In view of the aforesaid detailed discussion, I do not agree with the decision of the Assessing Officer regarding taxing the total turnover of entries amounting to Rs.83,71,29,511/- as unexplained cash credit after accepting the appellant to be the entry operator. Since the beneficiaries are identified

SURYA AGROTECH INFRASTRUCTURE LTD,NEW DELHI vs. ACIT, CENTRAL CIRCLE-8, NEW DELHI

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

Bench: Shri Before Shri G.D. Agrawal, Before Shri Before Shri G.D. Agrawal, G.D. Agrawal, Vice G.D. Agrawal, Vice & And & Ms. Suchitra Kamble Ms. Suchitra Kamblems. Suchitra Kamble Ms. Suchitra Kamble

68,84,970 1,26,35,04,456 2,33,80,514 2015-16 7,18,85,42,615 1,36,58,23,097 1,36,45,98,055 12,25,042 Total 49,12,73,399 From the above it is seen that the additional income mentioned above covers the investment made by the applicant company in the shares

SURYA PROCESSED FOOD PVT. LTD.,NEW DELHI vs. ACIT, CENTRAL CIRCLE-8, NEW DELHI

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

Bench: Shri Before Shri G.D. Agrawal, Before Shri Before Shri G.D. Agrawal, G.D. Agrawal, Vice G.D. Agrawal, Vice & And & Ms. Suchitra Kamble Ms. Suchitra Kamblems. Suchitra Kamble Ms. Suchitra Kamble

68,84,970 1,26,35,04,456 2,33,80,514 2015-16 7,18,85,42,615 1,36,58,23,097 1,36,45,98,055 12,25,042 Total 49,12,73,399 From the above it is seen that the additional income mentioned above covers the investment made by the applicant company in the shares

SURYA AGROTECH INFRASTRUCTURE LTD,NEW DELHI vs. ACIT, CENTRAL CIRCLE-8, NEW DELHI

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

Bench: Shri Before Shri G.D. Agrawal, Before Shri Before Shri G.D. Agrawal, G.D. Agrawal, Vice G.D. Agrawal, Vice & And & Ms. Suchitra Kamble Ms. Suchitra Kamblems. Suchitra Kamble Ms. Suchitra Kamble

68,84,970 1,26,35,04,456 2,33,80,514 2015-16 7,18,85,42,615 1,36,58,23,097 1,36,45,98,055 12,25,042 Total 49,12,73,399 From the above it is seen that the additional income mentioned above covers the investment made by the applicant company in the shares

PRAVESH KUMAR GARG,NEW DELHI vs. ACIT CIRCLE-47(1), NEW DELHI

The appeal of the assessee is allowed and the penalty is deleted

Bench: Shri Amit Shukla & Shri Pradip Kumar Kedia

section 115BBE of the Act. In the assessment order, the AO initiated the penalty u/s 270A of the Act and also issued a notice levying of penalty u/s 270A. 4. In response, to the aforesaid notice, the assessee submitted that firstly, the addition in this case has been made u/s 68 of the Act, therefore, the penalty is leviable

DCIT CIRCLE-1 LTU, NEW DELHI vs. DALMIA BHARAT SUGAR & INDUSTRIES LTD, NEW DELHI

Accordingly we dispose of the matters for AY 2007-08 to 2011-12 for the same reasons as under :- i. Thus, For AY 2007-08, Ground no 1 & 2 of the appeal of the ld AO are dismissed

Bench: Shri Sudhanshu Srivastava & Shri Prashant Maharishi(Through Video Conferencing)

section 153C as it stood in 2014 provides as under :- Assessment of income of any other person.2 153C.3[(1)] Notwithstanding anything contained in section 139, section 147, section 148, section 149, section 151 and section 153, where the Assessing Officer is satisfied that any money, bullion, jewellery or other valuable article or thing

DCIT CIRCLE-I(LTU), NEW DELHI vs. DALMIA BHARAT SUGAR AND INDUSTRIES LTD.,, NEW DELHI

Accordingly we dispose of the matters for AY 2007-08 to 2011-12 for the same reasons as under :- i. Thus, For AY 2007-08, Ground no 1 & 2 of the appeal of the ld AO are dismissed

Bench: Shri Sudhanshu Srivastava & Shri Prashant Maharishi(Through Video Conferencing)

section 153C as it stood in 2014 provides as under :- Assessment of income of any other person.2 153C.3[(1)] Notwithstanding anything contained in section 139, section 147, section 148, section 149, section 151 and section 153, where the Assessing Officer is satisfied that any money, bullion, jewellery or other valuable article or thing

DCIT CIRCLE-I(LTU), NEW DELHI vs. DALMIA BHARAT SUGAR AND INDUSTRIES LTD.,, NEW DELHI

Accordingly we dispose of the matters for AY 2007-08 to 2011-12 for the same reasons as under :- i. Thus, For AY 2007-08, Ground no 1 & 2 of the appeal of the ld AO are dismissed

Bench: Shri Sudhanshu Srivastava & Shri Prashant Maharishi(Through Video Conferencing)

section 153C as it stood in 2014 provides as under :- Assessment of income of any other person.2 153C.3[(1)] Notwithstanding anything contained in section 139, section 147, section 148, section 149, section 151 and section 153, where the Assessing Officer is satisfied that any money, bullion, jewellery or other valuable article or thing

DCIT CIRCLE-I(LTU), NEW DELHI vs. DALMIA BHARAT SUGAR AND INDUSTRIES LTD.,, NEW DELHI

Accordingly we dispose of the matters for AY 2007-08 to 2011-12 for the same reasons as under :- i. Thus, For AY 2007-08, Ground no 1 & 2 of the appeal of the ld AO are dismissed

Bench: Shri Sudhanshu Srivastava & Shri Prashant Maharishi(Through Video Conferencing)

section 153C as it stood in 2014 provides as under :- Assessment of income of any other person.2 153C.3[(1)] Notwithstanding anything contained in section 139, section 147, section 148, section 149, section 151 and section 153, where the Assessing Officer is satisfied that any money, bullion, jewellery or other valuable article or thing

DCIT CIRCLE-I(LTU), NEW DELHI vs. DALMIA BHARAT SUGAR AND INDUSTRIES LTD.,, NEW DELHI

Accordingly we dispose of the matters for AY 2007-08 to 2011-12 for the same reasons as under :- i. Thus, For AY 2007-08, Ground no 1 & 2 of the appeal of the ld AO are dismissed

Bench: Shri Sudhanshu Srivastava & Shri Prashant Maharishi(Through Video Conferencing)

section 153C as it stood in 2014 provides as under :- Assessment of income of any other person.2 153C.3[(1)] Notwithstanding anything contained in section 139, section 147, section 148, section 149, section 151 and section 153, where the Assessing Officer is satisfied that any money, bullion, jewellery or other valuable article or thing

DCIT CIRCLE-I(LTU), NEW DELHI vs. DALMIA BHARAT SUGAR AND INDUSTRIES LTD.,, NEW DELHI

Accordingly we dispose of the matters for AY 2007-08 to 2011-12 for the same reasons as under :- i. Thus, For AY 2007-08, Ground no 1 & 2 of the appeal of the ld AO are dismissed

Bench: Shri Sudhanshu Srivastava & Shri Prashant Maharishi(Through Video Conferencing)

section 153C as it stood in 2014 provides as under :- Assessment of income of any other person.2 153C.3[(1)] Notwithstanding anything contained in section 139, section 147, section 148, section 149, section 151 and section 153, where the Assessing Officer is satisfied that any money, bullion, jewellery or other valuable article or thing