Mr. Ranjeet Singh, Gurgaon DCIT, New Delhi

This order consolidates four income tax appeals filed by J.S. Gujral, Ranjeet Singh, Sanjiv Narayan, and Krishna Kumar Pant for the assessment year 2005-06. All appellants are directors of M/s SGS Tekniks Pvt. Ltd. and are challenging identical orders from the CIT (Appeals)-XI, New Delhi, regarding assessments made under sections 147 and 143(3). The appeals were heard together due to common facts and reasoning from the Assessing Officer and CIT (Appeals).

IN THE INCOME TAX APPELLATE TRIBUNAL
DELHI BENCH “Friday” NEW DELHI

BEFORE SHRI G.S. PANNU, VICE PRESIDENT
AND
SHRI AMIT SHUKLA, JUDICIAL MEMBER
(Through Video Conferencing)
ITA No.5512/DEL/2011
Assessment Year 2005-06

Mr. J.S. Gujral,
K-165, Sourth City 1,
Gurgaon Haryana
TAN/PAN: AAAPG4124F
(Appellant) 

vs. 

DCIT,
Circle-8(1),
New Delhi.
(Respondent)

ITA No.5513/DEL/2011
Assessment Year 2005-06

Ranjeet Singh,
V-32/5, DLF Phase-III,
Gurgaon
TAN/PAN: AAAPL0885C
(Appellant) 

vs. 

DCIT,
Circle-8(1),
New Delhi.
(Respondent)

ITA No.5546/DEL/2011
Assessment Year 2005-06

Sanjiv Narayan,
F-225A,
Sainik Farm,
New Delhi.
TAN/PAN: AAAPN0933B
(Appellant) 

vs. 

DCIT,
Circle-8(1),
New Delhi.
(Respondent)

ITA No.5574/DEL/2011
Assessment Year 2005-06

Mr. Krishna Kumar Pant,
373, Vikas Kunj,
Vikas Puri,
New Delhi.
TAN/PAN: AAAPP 3981D
(Appellant) 

vs. 

DCIT,
Circle-8(1),
New Delhi.
(Respondent)

Appellant by: Shri Tarandeep Singh, CA
Respondent by: Shri Vipul Kashyap, Sr.D.R.
Date of hearing: 19 11 2020
Date of pronouncement: 21 12 2020

O R D E R

PER AMIT SHUKLA, JUDICIAL MEMBER:

In the aforesaid appeals of different assessees identical issues are involved and are aggrieved by separate impugnedorders of even date, 29th September, 2011, passed by the Ld.CIT (Appeals)-XI, New Delhi for the quantum of assessment passed u/s 147/143(3) for the A.Y. 2005-06. Both the representatives appearing before us have fairly stated that facts in all the four appeals are common and the reasoning given by the Assessing Officer and CIT (A) are also identical, therefore same were heard together and are being disposed off by way of this consolidated order. All four appellants are Directors of M/s SGS Tekniks Pvt. Ltd. (hereinafter referred to as “M/s SGS”). With consent of parties, we shall consider appeal of Shri J. S. Gujral in ITA No.5512/Del/2011 as the lead matter and our finding given therein will apply mutatis mutandis in other 3 appeals.

2. Appellant has challenged the impugned order on following grounds:-

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