SURYA ROSHNI LIMITED,NEW DELHI vs. PRINCIPAL COMMISSIONER OF INCOME TAX - 7, NEW DELHI

Bench: Shri Anubhav Sharma & Shri Manish Agarwal

271G of the Act. 2. Further, it is also noticed that the assessee company has allotted shares to the following companies:- S.N.. Allottee Name No. Of shares allotted Amount of share application (Rs.) 1 M/s. Jits Courier & Finance Pvt.Ltd 71, Canning Streert, R.No C-525, Kolkata 2,00,000 2,00,00,000 2 M/s. Raxon Motor Finance Private

LG ELECTRONICS INC., KOREA (LGEK),NOIDA vs. DCIT, CIRCLE- NOIDA, INTERNATIONAL TAXATION, NOIDA

In the result all the 9 appeals filed by the assessee are allowed with above direction for statistical purposes

Bench: Smt Diva Singh & Shri Prashant Maharishi

271G of the Act.” 6. The assessee has raised the following grounds of appeal in ITA No. 6916/Del/2017 for the Assessment Year 2008-09:- 1. That on the facts and in the circumstances of the case and in law, the orders passed by the Assessing Officer (AO) /Dispute Resolution Panel (DRP) to the extent prejudicial to the interest

LG ELECTRONICS INC., KOREA (LGEK),NOIDA vs. DCIT, CIRCLE- 2(2)(1), INTERNATIONAL TAXATION , NEW DELHI

In the result all the 9 appeals filed by the assessee are allowed with above direction for statistical purposes

Bench: Smt Diva Singh & Shri Prashant Maharishi

271G of the Act.” 6. The assessee has raised the following grounds of appeal in ITA No. 6916/Del/2017 for the Assessment Year 2008-09:- 1. That on the facts and in the circumstances of the case and in law, the orders passed by the Assessing Officer (AO) /Dispute Resolution Panel (DRP) to the extent prejudicial to the interest

M/S. LG ELECTRONICS INC., KOREA (LGEK),NOIDA vs. DCIT (INTERNATIONAL TAXATION), NOIDA

In the result all the 9 appeals filed by the assessee are allowed with above direction for statistical purposes

Bench: Smt Diva Singh & Shri Prashant Maharishi

271G of the Act.” 6. The assessee has raised the following grounds of appeal in ITA No. 6916/Del/2017 for the Assessment Year 2008-09:- 1. That on the facts and in the circumstances of the case and in law, the orders passed by the Assessing Officer (AO) /Dispute Resolution Panel (DRP) to the extent prejudicial to the interest

KEANE INDIA LTD.,GURGAON vs. DCIT, NEW DELHI

In the result, the appeal filed by the assessee is allowed

Bench: Shri R. K. Panda & Shri Kuldip Singhassessment Year : 2002-03 Keane India Ltd., Dcit, Circle- 5(1), Unitech Trade Centre, New Delhi. Sector- 43, Sushant Lok, Vs. Gurgaon.

section 92C(2) of the Income Tax Act, 1961 (the ‘Act’). 4.10 The Ld. AO erred in rejecting use of multiple year data for benchmarking purposes. 4.11 The Ld. AO erred in initiating penalty proceedings u/s 271G of the Act for delayed submission of prescribed documentation per rule 10D of the Income Tax Rules, 1992. The grounds of appeal

M/S BRAHMA CENTER DEVELOPMENT PVT. LTD.,,NEW DELHI vs. ITO, NEW DELHI

In the result, the appeal of the assessee is allowed for statistical purposes

Bench: Sh. N. K. Saini, Am & Smt. Beena Pillai, Jm Ita No. 373/Del/2016 : Asstt. Year : 2011-12 M/S Brahma Center Development Vs Income Tax Officer, Pvt. Ltd., Flat No. B-8, Cabin No. Ward-5(2), 11, Ansal Tower, 38, Nehru Place, New Delhi-110002 New Delhi-110019 (Appellant) (Respondent) Pan No. Aaecb1294N Assessee By : Sh. Rahul K. Mitra & Atul Jain, Cas, Revenue By : Sh. Amrendra Kumar, Cit Dr Date Of Hearing : 02.05.2016 Date Of Pronouncement : 29.07.2016 Order Per N. K. Saini, Am:

section 92CA(1) of the Income Tax Act, 1961 ('Act'). 4. The AO/ DRP/ TPO have erred on facts and in law in disallowing the part of interest paid by the appellant on the ground that the interest @ 12% paid by him on Compulsory Convertible Debenture during the year do not satisfy the arm's length principle envisaged under