2025 (9) TMI 173

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....br>Shri Satbeer Singh Godara, Judicial Member And Shri Naveen Chandra, Accountant Member For the Assessee : Sh Aseem Chawla, Sh Jasmeet Singh, Adv.; Sh Pushpender Badauria, Adv., Ms. Pratishtha Chaudhary, Adv., Sh Pranav Menon, Adv. For the Department : Shri Jitener Singh, CIT(DR) ORDER PER SATBEER SINGH GODARA, J.M: These assessee's four quantum appeals ITA Nos. 2128 to 2131/Del/20....

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....i.e. learned DCIT, Central Circle, Karnal on 29.12.2018. This is for the precise reason that the learned senior counsel has invited our attention to the relevant panchnama herein dated 22.06.2016 (page 5 of the paper book) wherein the corresponding incriminating evidence inventorized is "original copy of Hard Disc" whose transcriptions; as deciphered by the departmental authorities under the provi....

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.... is that these are accommodation entry providers of various fixed assets whose depreciation as well as cost of acquisition and interest etc. has been rightly disallowed, forming subject matter of our adjudication on merits. 4. We have given our thoughtful consideration to the assessee's and the Revenue's foregoing vehement rival submissions. There is hardly any dispute between the parties that ....

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.... contents thereof. We thus reject the Revenue's vehement contentions and quash all the impugned assessments forming subject matter of adjudication in these four assessment years going by their lordships' landmark hereinabove. Ordered accordingly. The assessee succeeds in its first and foremost legal ground in very terms. All other pleadings on merits between the parties stand rendered academic.....