ACIT, NEW DELHI vs. M/S. ELEGANT SECURITY SERVICES PVT. LTD., NEW DELHI

Bench: Shri Bhavnesh Saini & Shri L.P. Sahu

68 of the I.T. Act, 1961. 2. Briefly the facts of the case are that search, seizure and survey operations under sections 132 and 133A of the Act was carried-out in the Bhushan Steel Group of cases on 3rd March, 2010. 2 ITA.No.6173/Del./2013 M/s. Elegant Security Services Pvt. Ltd., New Delhi. The case of the assessee

ITO, NEW DELHI vs. M/S. ARIZONA VENUTRES PVT. LTD., NEW DELHI

In the result, both the appeals of the Revenue are dismissed

Bench: Shri Amit Shukla & Shri Prashant Maharishi

section 68 of the I. T. Act speaks about “Where any sum is found credited in the books..” and is immaterial that the funds have been returned back in future. 4. Considering the above report, the case may kindly be decided by your good self on merits and assessment order may be uphold.” 11. Ld. CIT (A) after considering

ZIA RATHI,DELHI vs. INCOME TAX OFFICER WARD-44(3), DELHI

In the result, appeal filed by the assessee is allowed

Bench: Shri Sudhir Kumar & Shri Manish Agarwalmrs. Zia Rathi, Income Tax Officer, 274, Dda Flats, Sector-1A, Ward-44(3), Dwarka Nasirpur, Vs. Delhi. New Delhi-110045. Pan-Bsvpr9218M (Appellant) (Respondent) Assessee By Dr. Rakesh Gupta, Adv. Shri Somil Agarwal, Adv. Shri Saksham Agarwal, Ca & Shri Deepesh Garg, Adv. Department By Ms. Ankush Kalra, Sr. Dr Date Of Hearing 04/11/2025 Date Of Pronouncement 16/01/2026 O R D E R Per Manish Agarwal, Am: This Appeal Is Filed By The Assessee Against The Order Of Learned Commissioner Of Income Tax, National Faceless Appeal Centre (Nfac), Delhi (‘Ld. Cit(A)’ In Short) Dated 27.02.2024 In Appeal No. Cit(A), Delhi- 15/11146/2019-20 Arising Out Of The Order Passed U/S 143(3) Of The Income Tax Act, 1961 (‘The Act’ For Short) For Assessment Year 2017-18. 2. Brief Facts Of The Case Are That Assessee Is Sole Proprietor Of M/S Veezee Traders Engaged In The Business Of Trading Of Pvc Coated Imported Fabric. The Zia Rathi Vs. Ito

68 on protective basis of Rs. 2,23,46,000/- on account of alleged unexplained cash deposit made by the assessee in his bank account. Ld. CIT(A) confirmed the addition on substantive basis in the hands of assessee, Hence the present appeal. Brief facts of the case are that assessee is an individual and was doing retail trading business

SANJAY KAUL

430 2. Kailash Auto Finance Ltd. 42,52,805 3. Matra Kaushal Enterprises Ltd. (‘MKEL’) 55,55,067 Total 1,22,76,352 3. The AO framed the assessment order dated 27.12.2017 under section 143(3) of the Act , making an addition of Rs.1,22,76,352/- under Section 68

SANJAY KAUL vs. PRINCIPAL COMMISSIONER OF INCOME TAX

430 2. Kailash Auto Finance Ltd. 42,52,805 3. Matra Kaushal Enterprises Ltd. (‘MKEL’) 55,55,067 Total 1,22,76,352 3. The AO framed the assessment order dated 27.12.2017 under section 143(3) of the Act , making an addition of Rs.1,22,76,352/- under Section 68

HARISONS DIAMONDS PRIVATE LIMITED,NEW DELHI vs. ACIT, CC-1, DELHI

In the result, the appeal of the assessee in ITA No

Bench: Shri N.K. Billaiya & Ms Astha Chandra

section 115BBE of the Act as amended by Taxation Laws (Second Amendment) Act, 2016. (iv) That the learned Commissioner of Income Tax (Appeals) has failed to appreciate that substitution of provisions by Taxation Laws (Second Amendment) Act, 2016 w.e.f. 1.4.2017 was not retrospective in nature but was prospective and only application from financial year 2017-18 relevant

ACIT, CC-01, NEW DELHI vs. HARISONS DIAMONDS PVT. LTD., DELHI

In the result, the appeal of the assessee in ITA No

Bench: Shri N.K. Billaiya & Ms Astha Chandra

section 115BBE of the Act as amended by Taxation Laws (Second Amendment) Act, 2016. (iv) That the learned Commissioner of Income Tax (Appeals) has failed to appreciate that substitution of provisions by Taxation Laws (Second Amendment) Act, 2016 w.e.f. 1.4.2017 was not retrospective in nature but was prospective and only application from financial year 2017-18 relevant

POONAM DUGGAL,FARIDABAD vs. ACIT, CENTRAL CIRCLE-4, NEW DELHI

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

Bench: Shri Bhavnesh Saini & Shri Prashant Maharishi

68 of the I.T. Act. (ii) Addition on account of interest on bank amount. (iii) Addition under section 2(22)(e) of the I.T. Act. 46 ITA.No.1813/Del./2019 Shri Sanjay Duggal, Faridabad etc., & 51batch appeals (iv) Addition on account of Commission paid on obtaining accommodation entries. (v) Addition on account of share capital/premium. 5.26. The details of Assessee

NANY DUGGAL,FARIDABAD vs. ACIT, CENTRAL CIRCLE- 4 , NEW DELHI

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

Bench: Shri Bhavnesh Saini & Shri Prashant Maharishi

68 of the I.T. Act. (ii) Addition on account of interest on bank amount. (iii) Addition under section 2(22)(e) of the I.T. Act. 46 ITA.No.1813/Del./2019 Shri Sanjay Duggal, Faridabad etc., & 51batch appeals (iv) Addition on account of Commission paid on obtaining accommodation entries. (v) Addition on account of share capital/premium. 5.26. The details of Assessee

RAJNISH TALWAR,NEW DELHI vs. ACIT, CENTRAL CIRCLE-4, NEW DELHI

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

Bench: Shri Bhavnesh Saini & Shri Prashant Maharishi

68 of the I.T. Act. (ii) Addition on account of interest on bank amount. (iii) Addition under section 2(22)(e) of the I.T. Act. 46 ITA.No.1813/Del./2019 Shri Sanjay Duggal, Faridabad etc., & 51batch appeals (iv) Addition on account of Commission paid on obtaining accommodation entries. (v) Addition on account of share capital/premium. 5.26. The details of Assessee

KRITIKA TALWAR,NEW DELHI vs. ACIT CENTRAL CIRCLE 4 , NEW DEHLI, NEW DEHLI

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

Bench: Shri Bhavnesh Saini & Shri Prashant Maharishi

68 of the I.T. Act. (ii) Addition on account of interest on bank amount. (iii) Addition under section 2(22)(e) of the I.T. Act. 46 ITA.No.1813/Del./2019 Shri Sanjay Duggal, Faridabad etc., & 51batch appeals (iv) Addition on account of Commission paid on obtaining accommodation entries. (v) Addition on account of share capital/premium. 5.26. The details of Assessee

SANJAY DUGGAL,FARIDABAD vs. ACIT, CENTRAL CIRCLE- 4, NEW DELHI

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

Bench: Shri Bhavnesh Saini & Shri Prashant Maharishi

68 of the I.T. Act. (ii) Addition on account of interest on bank amount. (iii) Addition under section 2(22)(e) of the I.T. Act. 46 ITA.No.1813/Del./2019 Shri Sanjay Duggal, Faridabad etc., & 51batch appeals (iv) Addition on account of Commission paid on obtaining accommodation entries. (v) Addition on account of share capital/premium. 5.26. The details of Assessee

NEERU DUGGAL,FARIDABAD vs. ACIT, CENTRAL CIRCLE- 4 , NEW DELHI

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

Bench: Shri Bhavnesh Saini & Shri Prashant Maharishi

68 of the I.T. Act. (ii) Addition on account of interest on bank amount. (iii) Addition under section 2(22)(e) of the I.T. Act. 46 ITA.No.1813/Del./2019 Shri Sanjay Duggal, Faridabad etc., & 51batch appeals (iv) Addition on account of Commission paid on obtaining accommodation entries. (v) Addition on account of share capital/premium. 5.26. The details of Assessee

DUGGAL & SONS BUILDWELL (P) LTD.,FARIDABAD vs. ACIT, CENTRAL CIRCLE- 4, NEW DELHI

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

Bench: Shri Bhavnesh Saini & Shri Prashant Maharishi

68 of the I.T. Act. (ii) Addition on account of interest on bank amount. (iii) Addition under section 2(22)(e) of the I.T. Act. 46 ITA.No.1813/Del./2019 Shri Sanjay Duggal, Faridabad etc., & 51batch appeals (iv) Addition on account of Commission paid on obtaining accommodation entries. (v) Addition on account of share capital/premium. 5.26. The details of Assessee

DUGGAL & SONS BUILDWELL (P) LTD.,FARIDABAD vs. ACIT, CENTRAL CIRCLE- 4, NEW DELHI

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

Bench: Shri Bhavnesh Saini & Shri Prashant Maharishi

68 of the I.T. Act. (ii) Addition on account of interest on bank amount. (iii) Addition under section 2(22)(e) of the I.T. Act. 46 ITA.No.1813/Del./2019 Shri Sanjay Duggal, Faridabad etc., & 51batch appeals (iv) Addition on account of Commission paid on obtaining accommodation entries. (v) Addition on account of share capital/premium. 5.26. The details of Assessee

ARUN DUGGAL,FARIDABAD vs. ACIT, CENTRAL CIRCLE- 4, NEW DELHI

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

Bench: Shri Bhavnesh Saini & Shri Prashant Maharishi

68 of the I.T. Act. (ii) Addition on account of interest on bank amount. (iii) Addition under section 2(22)(e) of the I.T. Act. 46 ITA.No.1813/Del./2019 Shri Sanjay Duggal, Faridabad etc., & 51batch appeals (iv) Addition on account of Commission paid on obtaining accommodation entries. (v) Addition on account of share capital/premium. 5.26. The details of Assessee

SANJAY DUGGAL,FARIDABAD vs. ACIT, CENTRAL CIRCLE- 4, NEW DELHI

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

Bench: Shri Bhavnesh Saini & Shri Prashant Maharishi

68 of the I.T. Act. (ii) Addition on account of interest on bank amount. (iii) Addition under section 2(22)(e) of the I.T. Act. 46 ITA.No.1813/Del./2019 Shri Sanjay Duggal, Faridabad etc., & 51batch appeals (iv) Addition on account of Commission paid on obtaining accommodation entries. (v) Addition on account of share capital/premium. 5.26. The details of Assessee

ARUN DUGGAL,FARIDABAD vs. ACIT, CENTRAL CIRCLE- 4, NEW DELHI

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

Bench: Shri Bhavnesh Saini & Shri Prashant Maharishi

68 of the I.T. Act. (ii) Addition on account of interest on bank amount. (iii) Addition under section 2(22)(e) of the I.T. Act. 46 ITA.No.1813/Del./2019 Shri Sanjay Duggal, Faridabad etc., & 51batch appeals (iv) Addition on account of Commission paid on obtaining accommodation entries. (v) Addition on account of share capital/premium. 5.26. The details of Assessee