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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 68 Information Share not discharged its onus to assessment order AO has Technology capital/ prove genuineness and correctly held that amount Pvt Ltd share creditworthiness of of Rs. 16 crores in premium transactions.(Para 4.5.1, undisclosed income of the Assessee’s Rs. 16 Page 5 – AO’s order). appellant. (Para 4, Page 32 –  The assessee company has Appeal

ACIT, NEW DELHI vs. M/S. STAR LIGHT CONSUMER ELECTRONICS PVT. LTD., NEW DELHI

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 68 Information Share not discharged its onus to assessment order AO has Technology capital/ prove genuineness and correctly held that amount Pvt Ltd share creditworthiness of of Rs. 16 crores in premium transactions.(Para 4.5.1, undisclosed income of the Assessee’s Rs. 16 Page 5 – AO’s order). appellant. (Para 4, Page 32 –  The assessee company has Appeal

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 68 Information Share not discharged its onus to assessment order AO has Technology capital/ prove genuineness and correctly held that amount Pvt Ltd share creditworthiness of of Rs. 16 crores in premium transactions.(Para 4.5.1, undisclosed income of the Assessee’s Rs. 16 Page 5 – AO’s order). appellant. (Para 4, Page 32 –  The assessee company has Appeal

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 68 Information Share not discharged its onus to assessment order AO has Technology capital/ prove genuineness and correctly held that amount Pvt Ltd share creditworthiness of of Rs. 16 crores in premium transactions.(Para 4.5.1, undisclosed income of the Assessee’s Rs. 16 Page 5 – AO’s order). appellant. (Para 4, Page 32 –  The assessee company has Appeal

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 68 Information Share not discharged its onus to assessment order AO has Technology capital/ prove genuineness and correctly held that amount Pvt Ltd share creditworthiness of of Rs. 16 crores in premium transactions.(Para 4.5.1, undisclosed income of the Assessee’s Rs. 16 Page 5 – AO’s order). appellant. (Para 4, Page 32 –  The assessee company has Appeal

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 68 Information Share not discharged its onus to assessment order AO has Technology capital/ prove genuineness and correctly held that amount Pvt Ltd share creditworthiness of of Rs. 16 crores in premium transactions.(Para 4.5.1, undisclosed income of the Assessee’s Rs. 16 Page 5 – AO’s order). appellant. (Para 4, Page 32 –  The assessee company has Appeal

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 68 Information Share not discharged its onus to assessment order AO has Technology capital/ prove genuineness and correctly held that amount Pvt Ltd share creditworthiness of of Rs. 16 crores in premium transactions.(Para 4.5.1, undisclosed income of the Assessee’s Rs. 16 Page 5 – AO’s order). appellant. (Para 4, Page 32 –  The assessee company has Appeal

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 68 Information Share not discharged its onus to assessment order AO has Technology capital/ prove genuineness and correctly held that amount Pvt Ltd share creditworthiness of of Rs. 16 crores in premium transactions.(Para 4.5.1, undisclosed income of the Assessee’s Rs. 16 Page 5 – AO’s order). appellant. (Para 4, Page 32 –  The assessee company has Appeal

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 68 Information Share not discharged its onus to assessment order AO has Technology capital/ prove genuineness and correctly held that amount Pvt Ltd share creditworthiness of of Rs. 16 crores in premium transactions.(Para 4.5.1, undisclosed income of the Assessee’s Rs. 16 Page 5 – AO’s order). appellant. (Para 4, Page 32 –  The assessee company has Appeal

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 68 Information Share not discharged its onus to assessment order AO has Technology capital/ prove genuineness and correctly held that amount Pvt Ltd share creditworthiness of of Rs. 16 crores in premium transactions.(Para 4.5.1, undisclosed income of the Assessee’s Rs. 16 Page 5 – AO’s order). appellant. (Para 4, Page 32 –  The assessee company has Appeal

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 68 Information Share not discharged its onus to assessment order AO has Technology capital/ prove genuineness and correctly held that amount Pvt Ltd share creditworthiness of of Rs. 16 crores in premium transactions.(Para 4.5.1, undisclosed income of the Assessee’s Rs. 16 Page 5 – AO’s order). appellant. (Para 4, Page 32 –  The assessee company has Appeal

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 68 Information Share not discharged its onus to assessment order AO has Technology capital/ prove genuineness and correctly held that amount Pvt Ltd share creditworthiness of of Rs. 16 crores in premium transactions.(Para 4.5.1, undisclosed income of the Assessee’s Rs. 16 Page 5 – AO’s order). appellant. (Para 4, Page 32 –  The assessee company has Appeal

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 68 Information Share not discharged its onus to assessment order AO has Technology capital/ prove genuineness and correctly held that amount Pvt Ltd share creditworthiness of of Rs. 16 crores in premium transactions.(Para 4.5.1, undisclosed income of the Assessee’s Rs. 16 Page 5 – AO’s order). appellant. (Para 4, Page 32 –  The assessee company has Appeal

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 68 Information Share not discharged its onus to assessment order AO has Technology capital/ prove genuineness and correctly held that amount Pvt Ltd share creditworthiness of of Rs. 16 crores in premium transactions.(Para 4.5.1, undisclosed income of the Assessee’s Rs. 16 Page 5 – AO’s order). appellant. (Para 4, Page 32 –  The assessee company has Appeal

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 68 Information Share not discharged its onus to assessment order AO has Technology capital/ prove genuineness and correctly held that amount Pvt Ltd share creditworthiness of of Rs. 16 crores in premium transactions.(Para 4.5.1, undisclosed income of the Assessee’s Rs. 16 Page 5 – AO’s order). appellant. (Para 4, Page 32 –  The assessee company has Appeal

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 68 Information Share not discharged its onus to assessment order AO has Technology capital/ prove genuineness and correctly held that amount Pvt Ltd share creditworthiness of of Rs. 16 crores in premium transactions.(Para 4.5.1, undisclosed income of the Assessee’s Rs. 16 Page 5 – AO’s order). appellant. (Para 4, Page 32 –  The assessee company has Appeal

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

Bench: Shri Amit Shukla & Shri Prashant Maharishi

Section 68 Information Share not discharged its onus to assessment order AO has Technology capital/ prove genuineness and correctly held that amount Pvt Ltd share creditworthiness of of Rs. 16 crores in premium transactions.(Para 4.5.1, undisclosed income of the Assessee’s Rs. 16 Page 5 – AO’s order). appellant. (Para 4, Page 32 –  The assessee company has Appeal

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)

87. The assessing officer erred on facts and in law in charging/ computing interest under sections 234B and 234D of the Act. Re: Ground of Appeal No.7:Penalty u/s 271AAC and 270A 88. The assessing officer grossly erred on facts and in law in initiating penalty under sections 271AAC and 270A of the Act.” 11. On the other