order dated
26th September 2014 passed by the Income Tax Appellate Tribunal („ITAT‟)
in four appeals of the Revenue being ... orders of the CIT (A), the Revenue filed four appeals
before the ITAT. The Assessee filed cross-objections. During the course of
hearing
dated 30th April
2003 passed by the Income Tax Appellate Tribunal ('ITAT') in ITA No.
222/Del/2000 for the Assessment Year ... framed the following questions of law for consideration:
1. Whether the ITAT has correctly interpreted and applied Section
68 of the Income Tax, 1961 while
circumstances of
the case and in law, the Hon'ble ITAT is right in
allowing the appeal of the assessee by ignoring the
fact ... circumstances of
the case and in law, the Hon'ble ITAT is right in
allowing the appeal of the assessee by ignoring the
fact
circumstances of the
case, the Income Tax Appellate Tribunal (for short „ITAT‟)
was justified in sustaining `8,24,000.00 on account of
unexplained cash credit ... aggrieved
by the judgment dated 27.4.2007 passed by the ITAT. As indicated
hereinabove the only issue which arises for our consideration is as to
whether
Tribunal, Delhi
Bench `I' New Delhi (hereinafter referred to as `the ITAT') in ITA No.
4346/Del/2005, pertaining to the assessment year ... facts and in the circumstances of the
case, the learned ITAT was right in law in upholding the
order of the learned
Chandra Pal Bagga vs Itat & Anr. on 16 April, 2001
Equivalent citations: (2002)175CTR(RAJ)200
JUDGMENT
By the court
Appeal is admitted
kept in abeyance till the disposal
of appeal by Hon'ble ITAT.
In view of aforementioned findings, now additions made ... capital reserves.
f) On the issue of shares at premium, the ld. ITAT, Mumbai Bench in the
case of ACIT V/s Gagandeep Infrastructure
favour of the appellant both by the CIT(A) and the ITAT in appellant's
own case for AY 2005- 06, following the decision ... Indian Communication Network : 206 ITR 96 (ITAT - SB)
• DCIT v Glaxo SmithKline Consumer Healthcare Ltd: 107 ITD 343 (SB)
(Chd.)
• Hind Lamps Ltd. DCIT
Court of Delhi in AY 1998
99 and Hon'ble Delhi ITAT in AY 1999-00, 2002-03 to 2005-06 have allowed ... assessee as per assessee's own case
adjudicated by the ITAT and also covered by the decision of Hon'ble
Jurisdictional High Court
Rajnish Talwar, New Delhi vs Acit, Central Circle-4, New Delhi on 19 January, 2021
