TaxTMI 
TaxTMI 
2026 (4) TMI 557
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....A No. 4143/Del/2025, ITA No. 3879/Del/2025, ITA No. 3881/Del/2025, ITA No. 3880/Del/2025, ITA No. 4095/Del/2025, ITA No. 3891/Del/2025, ITA Nos. 3892 to 3900/Del/2025, ITA No. 3901/Del/2025, ITA No. 3902/Del/2025, ITA No. 4109/Del/2025, ITA No. 3903/Del/2025, ITA No. 4107/Del/2025, ITA Nos. 3913 to 3921 & 3925/Del/2025, ITA No. 4087/Del/2025 - -<br>Income Tax<br>SHRI SATBEER SINGH GODARA, JUDICIAL MEMBER AND SHRI M. BALAGANESH, ACCOUNTANT MEMBER For the Assessee : Shri Rohit Kapoor, Adv, Shri Virsain Aggarwal, Adv, Shri Madhav Kapur, Adv For the Revenue : Ms. Monika Singh, CIT DR ORDER PER BENCH: 1. The instant batch of forty cases involves nine assessee and the relevant details thereof stand tabulated as follows:- Sr. No.....
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.... 147/144 11. 3892/Del/2025 AY 2014-15 KL Vegetable Oil Products Pvt. Ltd ACIT, Ghaziabad CIT(A)-3, Noida order dated 15.04.2025 147/144 12 3893/Del/2025 AY 2015-16 KL Vegetable Oil Products Pvt. Ltd ACIT, Ghaziabad CIT(A)-3, Noida order dated 15.04.2025 147/144 13 3894/Del/2025 AY 2016-17 KL Vegetable Oil Products Pvt. Ltd ACIT Ghaziabad CIT(A)-3, Noida order dated 15.04.2025 147/144 14 3895/Del/2025 AY 2017-18 KL Vegetable Oil Products Pvt. Ltd ACIT Ghaziabad CIT(A)-3, Noida order dated 15.04.2025 147/144 15 3896/Del/2025 AY 2018-19 KL Vegetable Oil Products Pvt. Ltd ACIT Ghaziabad CIT(A)-3, Noida order dated 15.04.2025 147/144 16 3901/Del2025....
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....da order dated 15.04.2025 147/144 28 3911/Del/2025 AY 2021-22 JK trading Company ACIT, Ghaziabad CIT(A)-3, Noida order dated 15.04.2025 147/144 29 3912/Del/2025 AY 2022-23 JK trading Company ACIT, Ghaziabad CIT(A)-3, Noida order dated 15.04.2025 147/144 30 3913/Del/2025 AY 2014-15 Ravinder Oil & Ginning Mills ACIT, Ghaziabad CIT(A)-3, Noida order dated 15.04.2025 147/144 31 3914/Del/2025 AY 2015-16 Ravinder Oil & Ginning Mills ACIT, Ghaziabad CIT(A)-3, Noida order dated 15.04.2025 147/144 32 3915/Del/2025 AY 2016-17 Ravinder Oil & Ginning Mills ACIT, Ghaziabad CIT(A)-3, Noida order dated 15.04.2025 147/144 33 3916/Del/2025 AY 2017-18 Ravind....
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....r.w.s 147 than that u/s 143(3) of the Act. 3. Learned CIT-DR vehemently objects to assessees instant identical application(s) regarding both the foregoing additional grounds. Ms. Singh's case is that it was the assessees' bounden duty to have raised the same before the CIT(A) so as to get an comprehensive adjudication thereupon u/s 250(6) of the Act. She further opposes the assessees' aforesaid plea for want of all the corresponding supportive material/ evidence before the tribunal as well. 4. We hardly see any reason to accept the Revenue's foregoing objections against the assessees respective applications seeking to admit the foregoing twin additional substantive grounds. We wish to make it clear that hon'ble apex court in NTPC Limi....
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....prescribed authority or not. The Revenue's stand in the said RTI matters intimated to these assessees reads "upon verification of the records all the case presently available; it is observed that no formal communication/ correspondence in this regard are placed on record".] 6. [This clinching factual position has gone unrebutted from the Revenue side. We are of the considered view in these facts that both the learned lower authorities; and, more particularly, the learned Assessing Officer as well as the Additional CIT have failed to comply with this statutory mandate of a valid approval u/s 148B of the Act i.e a provision parimateria to Section 153D and not sustenable in law as per PCIT v. Siddarth Gupta (2023) 450 ITR 534 (All), ACIT v.....
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....ined investment to property addition of Rs. 3,42,34,540/- made to Ms. Sonika and Shammi Agarwal's hands forming subject matter of our apt adjudication. Both the learned lower authorities have considered the total investment at Rs. 6,53,38,873/- in the twin properties in question. Coming to the impugned sumn of Rs. 3.42 (crores), learned counsel takes us to the seized document "Sanjeev Kumar Agarwal" indicating the same to be Rs. 1,69,13,950/- only. We thus reject the Revenue's vehement contentions and hold the assessee as entitled for further relief of Rs. 1,73,20,590/- in above terms. Necessary computation shall follow. 9. Lastly comes the final issue of cash addition of Rs. 4,55,93,004/- made in the assessee namely Ravinder Kumar Agarw....