SH. KULDEEP SRIVASTAVA,MATHURA vs. I.T.O., WARD-3(2), MATHURA

Appeal is dismissed

Bench: : Shri Satbeer Singh Godara & Shri Manoj Kumar Aggarwalassessment Year: 2009-10

deducted the cost of construction along with land computed by him for seven flats at Rs.1,00,67,743/- out of the total sale value of Rs.1,82,44,500/- and arrived to short term capital gain

YOGENDRA KUMAR GUPTA,GWALIOR vs. INCOME TAX OFFICER WARD 1(1) GWL, GWALIOR

In the result, appeal of the assessee is allowed for statistical

Bench: : Shri Ramit Kocharassessment Year: 2017-18

capital gain, which is required to be deducted while computing of capital gain, therefore, the orders passed by the authorities

GURDEEP SINGH,AGRA vs. PR.CIT.-1,, AGRA

In the result, appeal of assessee is allowed

Bench: Sh. Shamim Yahya & Shri Anubhav Sharmagurdeep Singh Vs. The Pr. Cit-1 33, Laxmi Nagar, Sikandra, Agra Agra, Uttar Pradesh-282007 Pan No. Aflps 7500 K (Appellant) (Respondent) Assessee By Shri Anil Verma, Adv. Revenue By Shri Surendra Pal, Cit(Dr) Date Of Hearing: 11.10.2023 Date Of Pronouncement: 25.10.2023

capital gain shown in computation of income. Deduction claimed under the Capital Gain: The asseseee has shown in computation of income

ABC PAPER PRODUCTS,AGRA vs. INCOME TAX OFFICER 1(1)(1) AGRA, AGRA

In the result, the appeal of the assessee is dismissed

capital gain has not allowed the deduction of cost of the\nasset, which, as per law, is liable to be allowed

BRIJESH PODDAR M/S KRISHAN KANHAIYA TEXTILES,HATHARS vs. ITO WARD 4(3)(4), HATHRAS

In the result, the appeal of the assessee is allowed

Bench: Shri M. Balaganeshshri Brijesh Poddar (Prop), Vs. Ito, M/S. Krishna Kanhiya Ward-4(3)(4), Poddar Textile, Hanuman Hathras Gali, Hathras, Up (Appellant) (Respondent) Pan: Azgpp1350B Assessee By : Shri Pankaj Gargh, Adv Revenue By: Shri Anil Kumar, Sr. Dr Date Of Hearing 21/01/2026 Date Of Pronouncement 03/02/2026

deduction while computing the short-term capital gains. The assessee actually claimed deduction on account of interest expenditure on loan

NITESH AGARWAL,AGRA vs. INCOME TAX OFFICER-2(1)(3), AGRA

Bench: : Shri S. Rifaur Rahman, Accoutant Member Nitesh Agarwal Vs Income Tax 29/81, Lakshmi Palace, Officer-2(1) (3), Namakkimandi, Agra- Agra 282003 Pan No Abnpa2197G Appellant Respondent

Capital Gain’ assessee is entitled to deduction of Rs.26,97,383/ - being the indexed cost of acquisition of the asset

SATISH PRAKASH AGARWAL,AGRA vs. THE ACIT, CIRCLE 1(2)(1), AGRA, AGRA

In the result, appeal of the assessee is allowed

Bench: : Shri Ramit Kocharassessment Year: 2016-17

deduction against incomeincome earned by the assessee cannot be allowed as per AO because of the fact that the genuineness of the interest expenses claimed are not established. 3.2 The Assessing Officer further disallowed loss of Rs.10,06,265/- claimed by the assessee under the head “ Profits and Gains of Business and profession”, which the assessee sought to adjust/set

BHAGVAN DAS L/H SHRI GAURI SHANKER,FIROZABAD vs. ITO WARD 2(2)1, FIROZABAD

In the result, both the appeals are allowed for statistical purposes

Bench: : Shri S. Rifaur Rahman & Shri Sunil Kumar Singh

deduction provided u/s. 54B of the Act, no capital gain arose on the sale of impugned property. The appellant 3 | P a g e ITA No. 260 & 259/Agr/2025

BHAGVAN DAS L/H SHRI GAURI SHANKER,FIROZABAD vs. ITO WARD 2(2)(1), FIROZABAD

In the result, both the appeals are allowed for statistical purposes

Bench: : Shri S. Rifaur Rahman & Shri Sunil Kumar Singh

deduction provided u/s. 54B of the Act, no capital gain arose on the sale of impugned property. The appellant 3 | P a g e ITA No. 260 & 259/Agr/2025

ACIT, CIRCLE-2(1)(1), AGRA vs. ASHOK KUMAR AGARWAL, AGRA

In the result, appeal of the Revenue is partly allowed

Bench: Shri Sunil Kumar Singh & Shri Manish Agarwalita No.52/Agr/2025 (Assessment Year: 2015-16) Ashok Kumar Agarwal Acit, 6/26, Barah Bhai Ki Circle 2(1)(1), Vs. Gali, Belanganj, Agra-282002 Uttar Pradesh. Pan-Abipa7741F (Appellant) (Respondent)

deduction for indexed costs of acquisition declared the remaining amount as long term capital gain. The AO did not accept

ACIT, CIRCLE 2(1)(1), AGRA vs. ASHOK KUMAR AGARWAL, AGRA

In the result, appeal of the Revenue is partly allowed

Bench: Shri Sunil Kumar Singh & Shri Manish Agarwalita No.52/Agr/2025 (Assessment Year: 2015-16) Ashok Kumar Agarwal Acit, 6/26, Barah Bhai Ki Circle 2(1)(1), Vs. Gali, Belanganj, Agra-282002 Uttar Pradesh. Pan-Abipa7741F (Appellant) (Respondent)

deduction for indexed costs of acquisition declared the remaining amount as long term capital gain. The AO did not accept

GAYATRI,AGRA vs. INCOME TAX OFFICER 2(1)(5), AGRA

In the result, the appeal of the assessee is partly allowed

capital gain at Rs 4,79,993/- as assessee's share\nis 1/11th on account of sale of above land after substituting the sale\nconsideration at Rs 60.20 lakhs and after giving deduction

RAMJI DAS GUPTA,GWALIOR vs. ASSTT. COMMISSIONER OF INCOME TAX CIRCLE 1 GWALIOR , GWALIOR

The appeal stand partly allowed

Bench: Hon’Ble Shri Satbeer Singh Godara, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकरअपीलसं./ Ita No. 81/Agr/2021 (िनधा"रणवष" / Assessment Year: 2011-12) & 2. आयकरअपीलसं./ Ita No.82/Agr/2021 (िनधा"रणवष" / Assessment Year: 2012-13) & 3. आयकरअपीलसं./ Ita No.83/Agr/2021 (िनधा"रणवष" / Assessment Year: 2013-14) Shri Ramji Das Gupta Acit-Circle-1, बनाम/ 27, Madhav Nagar, Gwalior Vs. Gwalior "थायीलेखासं./जीआइआरसं./Pan/Gir No.Acopg-5414-C (अपीलाथ"/Appellant) : (""थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri Gourav Goyal, Ca- Ld. Ar ""थ"कीओरसे/Respondent By : Shri Shailendra Shrivastava – Ld. Sr. Dr सुनवाईकीतारीख/Date Of Hearing : 12-02-2025 घोषणाकीतारीख /Date Of Pronouncement : 28-03-2025 आदेश / O R D E R Manoj Kumar Aggarwal () 1. Aforesaid Appeals By Assessee For Assessment Years (Ay) 2011- 12 To 2013-14 Arises Out Of Separate Orders Of First Appellate Authority. The Facts & Issues Are Admittedly The Same. First, We Take Up Appeal For Ay 2011-12 Which Arises Out Of An Order Of Learned Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre (Nfac)

deduction while computing capital gains. The gains are to be computed on sale consideration as mentioned in the sale deed

RAMJI DAS GUPTA,GWALIOR vs. ASSTT. COMMISSIONER OF INCOME TAX, CIRCLE 1 GWALIOR

The appeal stand partly allowed

Bench: Hon’Ble Shri Satbeer Singh Godara, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकरअपीलसं./ Ita No. 81/Agr/2021 (िनधा"रणवष" / Assessment Year: 2011-12) & 2. आयकरअपीलसं./ Ita No.82/Agr/2021 (िनधा"रणवष" / Assessment Year: 2012-13) & 3. आयकरअपीलसं./ Ita No.83/Agr/2021 (िनधा"रणवष" / Assessment Year: 2013-14) Shri Ramji Das Gupta Acit-Circle-1, बनाम/ 27, Madhav Nagar, Gwalior Vs. Gwalior "थायीलेखासं./जीआइआरसं./Pan/Gir No.Acopg-5414-C (अपीलाथ"/Appellant) : (""थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri Gourav Goyal, Ca- Ld. Ar ""थ"कीओरसे/Respondent By : Shri Shailendra Shrivastava – Ld. Sr. Dr सुनवाईकीतारीख/Date Of Hearing : 12-02-2025 घोषणाकीतारीख /Date Of Pronouncement : 28-03-2025 आदेश / O R D E R Manoj Kumar Aggarwal () 1. Aforesaid Appeals By Assessee For Assessment Years (Ay) 2011- 12 To 2013-14 Arises Out Of Separate Orders Of First Appellate Authority. The Facts & Issues Are Admittedly The Same. First, We Take Up Appeal For Ay 2011-12 Which Arises Out Of An Order Of Learned Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre (Nfac)

deduction while computing capital gains. The gains are to be computed on sale consideration as mentioned in the sale deed

RAMJI DAS GUPTA ,GWALIOR vs. ASSTT. COMMISSIONER OF INCOME TAX CIRCLE 1 GWALIOR , GWALIOR

The appeal stand partly allowed

Bench: Hon’Ble Shri Satbeer Singh Godara, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकरअपीलसं./ Ita No. 81/Agr/2021 (िनधा"रणवष" / Assessment Year: 2011-12) & 2. आयकरअपीलसं./ Ita No.82/Agr/2021 (िनधा"रणवष" / Assessment Year: 2012-13) & 3. आयकरअपीलसं./ Ita No.83/Agr/2021 (िनधा"रणवष" / Assessment Year: 2013-14) Shri Ramji Das Gupta Acit-Circle-1, बनाम/ 27, Madhav Nagar, Gwalior Vs. Gwalior "थायीलेखासं./जीआइआरसं./Pan/Gir No.Acopg-5414-C (अपीलाथ"/Appellant) : (""थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri Gourav Goyal, Ca- Ld. Ar ""थ"कीओरसे/Respondent By : Shri Shailendra Shrivastava – Ld. Sr. Dr सुनवाईकीतारीख/Date Of Hearing : 12-02-2025 घोषणाकीतारीख /Date Of Pronouncement : 28-03-2025 आदेश / O R D E R Manoj Kumar Aggarwal () 1. Aforesaid Appeals By Assessee For Assessment Years (Ay) 2011- 12 To 2013-14 Arises Out Of Separate Orders Of First Appellate Authority. The Facts & Issues Are Admittedly The Same. First, We Take Up Appeal For Ay 2011-12 Which Arises Out Of An Order Of Learned Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre (Nfac)

deduction while computing capital gains. The gains are to be computed on sale consideration as mentioned in the sale deed

GULAB SINGH,AGRA vs. INCOME TAX OFFICER 1(1)(1) AGRA, AGRA

In the result, the appeal of the assessee is partly allowed

Bench: Shri M. Balaganesh(Through Virtual Hearing) Gulab Singh, Vs. Income Tax Officer, 50C, Ladamada Ward-1(1)(1), Bichpuri Sadar, Agra Agra (Appellant) (Respondent) Pan: Faeps1251N Assessee By : Shri Rajendra Sharma, Adv Revenue By: Shri Anil Kumar, Sr. Dr Date Of Hearing 20/11/2025 Date Of Pronouncement 26/11/2025

capital gain at Rs 4,79,993/- as assessee’s share is 1/11th on account of sale of above land after substituting the sale consideration at Rs 60.20 lakhs and after giving deduction

PIYUSH KUMAR BAGLA,HATHRAS vs. JURISDICTION ASSESSING OFFICER, WD.-4(3)(4), HATHRAS

The appeal stand allowed

Bench: Hon’Ble Shri Satbeer Singh Godara, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपीलसं./ Ita No. 43/Agr/2021 (िनधा"रणवष" / Assessment Year: 2018-19) Shri Piyush Kumar Bagla Ito, Nfac बनाम/ 2, Court Of Wards Compound Delhi Vs. Aligarh "थायीलेखासं./जीआइआरसं./Pan/Gir No.Agqpb-8087-J (अपीलाथ"/Appellant) : (""थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri Deepak (Advocate) - Ld. Ar ""थ"कीओरसे/Respondent By : Shri Shailendra Shrivastava – Ld. Sr. Dr सुनवाईकीतारीख/Date Of Hearing : 12-02-2025 घोषणाकीतारीख /Date Of Pronouncement : 28-03-2025 आदेश / O R D E R Manoj Kumar Aggarwal () 1. Aforesaid Appeal By Assessee For Assessment Year (Ay) 2018-19 Arises Out Of An Order Of Learned Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre (Nfac), Delhi [Cit(A)] Dated 12-04-2021 In The Matter Of An Intimation Issued By Cpc U/S 143(1) On 21-05-2019. Having Heard Rival Submissions, The Appeal Is Disposed-Off As Under. 2. From Impugned Order, It Could Be Seen That The Assessee Sold 4 Properties During The Year & Reflected Long Term Capital Gains Of Rs.12.15 Lacs. However, Cpc Computed Capital Gains Of Rs.16.85 Lacs Thereby Increasing The Gains By Rs.4.69 Lacs. The Ld. Cit(A)

Capital Gain of Rs.7.90 Lacs on third property against which the assessee claimed deduction u/s 54F for Rs.7.90 Lacs and thus

RAMESH KUMAR SONI,SHIVPURI vs. AO, ASHOKNAGAR

In the result, the appeal of the assessee is allowed for statistical purposes

Bench: Shri M. Balaganesh(Through Virtual Hearing) Ramesh Kumar Soni, Vs. Ao, Near Nagar Palika, Gandhi Road, Neac Karera, Distt Shivpuri (Appellant) (Respondent) Pan: Azzps6156K Assessee By : Shri Rajendra Sharma, Adv Revenue By: Shri Shalenndra Srivastava, Sr. Dr Date Of Hearing 05/02/2025 Date Of Pronouncement 05/02/2025

deduction of cost of improvement of Rs. 5735771/- and expenditure on transfer of Rs. 413419/-thereby affirming Ao's order computing the short term capital gains