DCM SHRIRAM LTD,NEW DELHI vs. ACIT, CIRCLE-7(1), NEW DELHI

transfer of steam has taken though additional grounds\nITA Nos.927 & 2587/Del/2022,\n704/Del/2021, 4328 & 1495/Del/2024\nPage | 42\nof appeal be admitted and additional evidences filed in support of\nthe additional claim may deserves to be admitted in the interest of\njustice.\n44. On the other hand, Ld. CIT DR seriously objected the\nadmission of additional grounds as well as admission

DCM SHRIRAM LIMITED,DELHI vs. ASSESSMENT UNIT, DELHI

transfer of steam has taken though additional grounds\nITA Nos.927 & 2587/Del/2022,\n704/Del/2021, 4328 & 1495/Del/2024\nPage | 42 \nof appeal be admitted and additional evidences filed in support of\nthe additional claim may deserves to be admitted in the interest of\njustice.\n44. On the other hand, Ld. CIT DR seriously objected the\nadmission of additional grounds as well as admission

DCIT, NEW DELHI vs. DCM SHRIRAM LTD, NEW DELHI

transfer of steam has taken though additional grounds\n\nPage | 42\n\nITA Nos.927 & 2587/Del/2022,\n704/Del/2021, 4328 & 1495/Del/2024\n\nof appeal be admitted and additional evidences filed in support of\nthe additional claim may deserves to be admitted in the interest of\njustice.\n\n44. On the other hand, Ld. CIT DR seriously objected the\nadmission of additional grounds

DCM SHRIIRAM LIMITED,NEW DELHI vs. NEAC, NEW DELHI

transfer of steam has taken though additional grounds\n\nPage | 42\n\nof appeal be admitted and additional evidences filed in support of\nthe additional claim may deserves to be admitted in the interest of\njustice.\n\n44. On the other hand, Ld. CIT DR seriously objected the\nadmission of additional grounds as well as admission of additional\nevidences

YOGESH JUNEJA,FARIDABAD vs. ACIT, CIRCLE-29(1), NEW DELHI

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

Bench: Dr. B. R. R. Kumar & Sh. Yogesh Kumar Usi.T.A. No. 218/Del/2020 (A.Y 2015-16)

Section 50C (1) of the Act the parties in many times faced undue hardship and difficulties when agreement to sell of a property was executed in earlier years and transferred took place in later years. During the intervening period price

DCIT, CIRCLE - 19(1), NEW DELHI vs. RAPID ENGINEERING COMPANY PVT. LTD., NEW DELHI

In the result, the appeal of the assessee is allowed

Bench: Ms. Madhumita Roy & Shri Naveen Chandrathe Dy. C.I.T Vs. Rapid Engineering Co. Pvt Ltd Circle – 19(1) 111-112, Dsidc Sheds Delhi Okhla Phase – 1, New Delhi

transfer of immovable property". Section 50C, thus, on a conceptual note, is a provision to address capital gains tax evasion on account of understatement of the consideration. Of course, the law provides, under section 50C(2), that wherever an assessee claims that the actual market rate is less than the stamp duty valuation, he can have the matter referred

DCIT, CENTRAL CIRCLE-25, NEW DELHI vs. MAHAVEER TRANSMISSION LTD, NEW DELHI

In the result, the all appeals of the assessee are allowed and all the appeals of the Revenue are dismissed

Bench: Dr. B. R. R. Kumar, Sh. Sudhir Kumar

price (i.e. Rs.1,04,17,400/-) and ITA Nos. 2844 to 2846/Del/2022 Mahavir Transmission Ltd. the stamp duty value (i.e. Rs. 3,40,16,000/-) of the property by invoking the provision of section 50C. 77. Aggrieved by the order passed by the AO, the assessee company preferred an appeal before the ld. CIT(A). 78. During the course

MAHAVIR TRANSMISSION LTD,NEW DELHI vs. DCIT, CENTRAL CORCLE-25, NEW DELHI

In the result, the all appeals of the assessee are allowed and all the appeals of the Revenue are dismissed

Bench: Dr. B. R. R. Kumar, Sh. Sudhir Kumar

price (i.e. Rs.1,04,17,400/-) and ITA Nos. 2844 to 2846/Del/2022 Mahavir Transmission Ltd. the stamp duty value (i.e. Rs. 3,40,16,000/-) of the property by invoking the provision of section 50C. 77. Aggrieved by the order passed by the AO, the assessee company preferred an appeal before the ld. CIT(A). 78. During the course

MAHAVIR TRANSMISSIN LTD ,NEW DELHI vs. DCIT, CENTRAL CIRCLE-25 , NEW DELHI

In the result, the all appeals of the assessee are allowed and all the appeals of the Revenue are dismissed

Bench: Dr. B. R. R. Kumar, Sh. Sudhir Kumar

price (i.e. Rs.1,04,17,400/-) and ITA Nos. 2844 to 2846/Del/2022 Mahavir Transmission Ltd. the stamp duty value (i.e. Rs. 3,40,16,000/-) of the property by invoking the provision of section 50C. 77. Aggrieved by the order passed by the AO, the assessee company preferred an appeal before the ld. CIT(A). 78. During the course

DCIT, CENTRAL CIRCLE-25, NEW DELHI vs. MAHAVEER TRANSMISSION LTD, NEW DELHI

In the result, the all appeals of the assessee are allowed and all the appeals of the Revenue are dismissed

Bench: Dr. B. R. R. Kumar, Sh. Sudhir Kumar

price (i.e. Rs.1,04,17,400/-) and ITA Nos. 2844 to 2846/Del/2022 Mahavir Transmission Ltd. the stamp duty value (i.e. Rs. 3,40,16,000/-) of the property by invoking the provision of section 50C. 77. Aggrieved by the order passed by the AO, the assessee company preferred an appeal before the ld. CIT(A). 78. During the course

MAHAVIR TRANSMISSION LTD,NEW DELHI vs. DCIT, CENTRAL CIRCLE-25, NEW DELHI

In the result, the all appeals of the assessee are allowed and all the appeals of the Revenue are dismissed

Bench: Dr. B. R. R. Kumar, Sh. Sudhir Kumar

price (i.e. Rs.1,04,17,400/-) and ITA Nos. 2844 to 2846/Del/2022 Mahavir Transmission Ltd. the stamp duty value (i.e. Rs. 3,40,16,000/-) of the property by invoking the provision of section 50C. 77. Aggrieved by the order passed by the AO, the assessee company preferred an appeal before the ld. CIT(A). 78. During the course

MAHAVIR TRANSMISSION LTD,NEW DELHI vs. DCIT, CENTRAL CIRCLE-25, NEW DELHI

In the result, the all appeals of the assessee are allowed and all the appeals of the Revenue are dismissed

Bench: Dr. B. R. R. Kumar, Sh. Sudhir Kumar

price (i.e. Rs.1,04,17,400/-) and ITA Nos. 2844 to 2846/Del/2022 Mahavir Transmission Ltd. the stamp duty value (i.e. Rs. 3,40,16,000/-) of the property by invoking the provision of section 50C. 77. Aggrieved by the order passed by the AO, the assessee company preferred an appeal before the ld. CIT(A). 78. During the course

DCIT, CENTRAL CIRCLE-25, NEW DELHI vs. MAHAVEER TRANSMISSION LTD., NEW DELHI

In the result, the all appeals of the assessee are allowed and all the appeals of the Revenue are dismissed

Bench: Dr. B. R. R. Kumar, Sh. Sudhir Kumar

price (i.e. Rs.1,04,17,400/-) and ITA Nos. 2844 to 2846/Del/2022 Mahavir Transmission Ltd. the stamp duty value (i.e. Rs. 3,40,16,000/-) of the property by invoking the provision of section 50C. 77. Aggrieved by the order passed by the AO, the assessee company preferred an appeal before the ld. CIT(A). 78. During the course

SANDEEP HOODA,NEW DELHI vs. PR.CIT - 7, NEW DELHI

The appeal is allowed and the impugned order dated 30

Bench: Shri Anil Chaturvedi & Shri Anubhav Sharmasandeep Hooda, Vs. Pr. Cit-7, C/O. Rra Taxindia, D-28, South New Delhi Extension, Part-I, New Delhi (Appellant) (Respondent) Pan: Aacph5453J

transfer. Further as per Section 50C(2) of the Income Tax Act, a reference to DVO is required in case an assessee contests the circle rate to be higher than the fair market value of the relevant capital asset. Since Assessing Officer neither assessed the value at the circle rate a;- mandated u/s 50 C (1), nor referred

DLF URBAN PVT LTD,NEW DELHI vs. ACIT,CIRCLE,7(1),, NEW DELHI

Bench: Shri Shamim Yahya & Shri Anubhav Sharmaassessment Year: 2016-17 Dcit, Vs Dlf Urban Pvt. Ltd., Circle 7(1), 15, Shivaji Marg, New Delhi. New Delhi – 110 015 Pan: Aafcd3019C Assessment Year: 2016-17 Dlf Urban Pvt. Ltd., Vs. Dcit, 15, Shivaji Marg, Circle 7(1), New Delhi – 110 015 New Delhi. Pan: Aafcd3019C (Appellants) (Respondents) Assessee By : Shri R.S. Singhvi, Shri Satyajeet Goel & Shri Rajat Garg, Cas. Revenue By : Shri Rajesh Kumar, Cit, Dr Date Of Hearing : 23.02.2024 Date Of Pronouncement : 08.04.2024 Order Per Anubhav Sharma, Jm: These Are Cross Appeals Preferred By The Assessee & The Revenue Against The Order Dated 30.06.2022 Of The Commissioner Of Income-Tax

section 92C which is of clarificatory and retrospective nature and duly supported from various judicial precedents. B. Disallowance of Business Expenditure 6.1 That on the facts and circumstances of the case, Ld. CIT(A) erred in upholding the disallowance of business expenditure amounting to Rs 75,48,006 on the alleged ground that these expenses have not been incurred wholly

SIGMA PARADISE,GHAZIABAD vs. DCIT, WARD 2(2)(1), GHAZIABAD

The appeal is allowed

Bench: Shri Anubhav Sharma & Shri Manish Agarwalassessment Year: 2013-14 Sigma Paradise, Vs Dcit, Km-78, Kavi Nagar, Ward 2(2)(1), Ghaziabad, Ghaziabad. Uttar Pradesh – 201 002. Pan:Aazfs9643L (Appellants) (Respondents) Assessee By : Shri Rajiv Khandelwal, Ca; & Shri Gagan R. Khandelwal & Shri Jaind Kumar Jaiswal, Advocates Revenue By : Shri Manish Gupta, Sr. Dr Date Of Hearing : 18.09.2025 Date Of Pronouncement : 26.11.2025

price for calculation of capital Gain and also further request to please not invoke Section 50C of IT Act. ” 4. The AO was not satisfied and invoked section 50C of the Act and concluded as follows: “9. In light of the above discussion and owing to no substantial explanation from the assesse with respect to the addition proposed, this office

SH. RAJESH KAKKAR,KARNAL vs. PR. CIT, KARNAL

The appeal is allowed

Bench: Shri Anubhav Sharma & Shri Manish Agarwalassessment Year: 2013-14 Sigma Paradise, Vs Dcit, Km-78, Kavi Nagar, Ward 2(2)(1), Ghaziabad, Ghaziabad. Uttar Pradesh – 201 002. Pan:Aazfs9643L (Appellants) (Respondents) Assessee By : Shri Rajiv Khandelwal, Ca; & Shri Gagan R. Khandelwal & Shri Jaind Kumar Jaiswal, Advocates Revenue By : Shri Manish Gupta, Sr. Dr Date Of Hearing : 18.09.2025 Date Of Pronouncement : 26.11.2025

price for calculation of capital Gain and also further request to please not invoke Section 50C of IT Act. ” 4. The AO was not satisfied and invoked section 50C of the Act and concluded as follows: “9. In light of the above discussion and owing to no substantial explanation from the assesse with respect to the addition proposed, this office

AKASH GARG,NEW DELHI vs. DCIT,CIRCLE INT. TAX 1(3)(1), NEW DELHI

In the result, appeal of the assessee is allowed

Bench: Shri Shamim Yahya & Shri Challa Nagendra Prasadi.T.A No.313/Del/2023 िनधा"रणवष"/Assessment Year: 2018-19 बनाम Akash Garg Dcit 4/71, Road No.71, Vs. Circle Int. Tax Punjabi Bagh West, 1(3)(1), New Delhi. New Delhi. Pan No. Aldpg7446A अपीलाथ" Appellant ""यथ"/Respondent

price of the land, as valued by the assessee, was more than the value adopted by the stamp valuation authority. Section 50C of the Act is a special provision for full value of consideration in some cases. Sub- section (1) of section 50C of the Act provides that where the consideration received or accruing as a result of the transfer

VIJAY KUMAR ,MEERUT vs. DCIT,CC, GZBD

In the result, both appeals of the different assessees are allowed

Bench: Shri Shamim Yahya & Shri Anubhav Sharma[Assessment Year: 2017-18]

50C(2) Without prejudice to the provisions of sub-section (1), where— (a) the assessee claims before any Assessing Officer that the value adopted or assessed or assessable by the stamp valuation authority under sub-section (1) exceeds the fair market value of the property as on the date of transfer; (b) the value so adopted or assessed or assessable