TaxTMI 
TaxTMI 
2022 (3) TMI 74
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.... , JM This appeal is filed by the assessee against the order dated 28/12/2018 passed by the CIT(A)-33, New Delhi for Assessment Year 2014-15. 2. The facts in brief are that, the assessee is a private limited company and is assessed to tax year after year. The assessee is in the business of manufacture of sign boards and trading in reflective sheets, vinyl and allied items. The assessee Company f....
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....ppeal regarding late payment of Employee Share PF and also allowed the payment of rent up to 12.05.2013 but the payment of rent between 13.05.2013 to 30-09-2013 has not been allowed by making following observation: 'In terms of sub-section (47) of section 2 of the IT Act, the sale occurred on 13.5.2013 and the assessee had become the owner of the property. On these facts, the payment of rent....
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.... owners of the property till the date of actual realization of cheques by the Assessing Officer and Rs. 13,83,871/- out of Rs. 18,00,000/- sustained by the CIT (Appeals), is arbitrary, unjust and at any rate very excessive. 2) That the CIT (Appeals) has erred on facts and under the law in holding that in terms of Section 2(47) of the Income-tax Act, 1961 (the Act), the sale of the property has t....
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....es per month. During the year under consideration, i.e. 2014-15 with an intention to purchase the very same property, entered into an agreement to sell on 13-05-2013 with its owners i.e. Mr. Ravinder Nath Hasija and Mr. Dharmveer Hasija, for total sale consideration of Rs. 5,50,00,000/-. As a part of Sale consideration, two cheques dated 13/5/2013 have been issued, total amounting to Rs. 5,00,00,0....