A.C.I.T., CIRCLE-2,, AGRA vs. M/S SAKSHI TAIRI & CHHAYA BATTAD, MORENA

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

Bench: : Shri Laliet Kumar & Dr. Mitha Lal Meena

gain under section 10(38) the following conditions are required to be fulfilled by the assessee: 1. That the capital assets must have been held by the assessee in term of law. 2. There has been transfer or sale of capital assets as define u/s 2(47

A.C.I.T., CIRCLE-2, GWALIOR vs. M/S SHYAM SUNDER & MANISH TAORI, MORENA

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

Bench: : Shri Laliet Kumar & Dr. Mitha Lal Meena

gain under section 10(38) the following conditions are required to be fulfilled by the assessee: 1. That the capital assets must have been held by the assessee in term of law. 2. There has been transfer or sale of capital assets as define u/s 2(47

A.C.I.T.,CIRCLE-2, GWALIOR vs. M/S VANDANA JAIN & RAMA BANSAL, MORENA

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

Bench: : Shri Laliet Kumar & Dr. Mitha Lal Meena

gain under section 10(38) the following conditions are required to be fulfilled by the assessee: 1. That the capital assets must have been held by the assessee in term of law. 2. There has been transfer or sale of capital assets as define u/s 2(47

SMT SUMAN AGARWAL,MATHURA vs. ITO 3(4), MATHURA

Bench: Shri A. D. Jain

47) of Income tax Act, 1961. 5. That the learned CIT (A)-l, Agra has erred in law and on facts in not appreciating the fact that the 'right to conveyance of immovable property' was obtained by the power of attorney holder Sri Anil Kumar Kaushik from the owners of the property through registered power of attorney dated

GOVIND SHARMA,MATHURA vs. ITO, WARD 1(3)(1), MATHURA

In the result, the assessee’s appeal is allowed

Capital Gain and claiming exemption u/s 10(38) of the I.T. Act. Assessee’s 2 | P a g e case was reopened u/s. 147 of the Act and notice u/s 148 dated 31.03.2021 was issued to the appellant after obtaining necessary approvals and after following the due procedure of law. Show-cause Notice dated 27-03-2022, wherein, a draft

CHANDRAPAL SINGH,MATHURA vs. INCOME TAX OFFICER SHIVPURI, GWALIOR

In the result, all the three appeals of the assessee are allowed for

Bench: : Shri Ramit Kochar

gains are concerned. However, the Assessing Officer was not satisfied with the explanation of the assessee with regard to the sources of making investments to the tune of Rs. 32,30,790/-(peak investment) made by the assessee for conducting business of share trading as the assessee did not produce any documents such as demat account, purchase-sale details, statement

CHANDRAPAL SINGH,MATHURA vs. INCOME TAX OFICER SHIVPURI, SHIVPURI

In the result, all the three appeals of the assessee are allowed for

Bench: : Shri Ramit Kochar

gains are concerned. However, the Assessing Officer was not satisfied with the explanation of the assessee with regard to the sources of making investments to the tune of Rs. 32,30,790/-(peak investment) made by the assessee for conducting business of share trading as the assessee did not produce any documents such as demat account, purchase-sale details, statement

CHANDRAPAL SINGH,MATHURA vs. INCOME TAX OFFICER SHIVPURI, SHIPURI

In the result, all the three appeals of the assessee are allowed for

Bench: : Shri Ramit Kochar

gains are concerned. However, the Assessing Officer was not satisfied with the explanation of the assessee with regard to the sources of making investments to the tune of Rs. 32,30,790/-(peak investment) made by the assessee for conducting business of share trading as the assessee did not produce any documents such as demat account, purchase-sale details, statement

SANJAY CHOBEY,JHANSI vs. ACIT CIRCLE-2(3)(1), JHANSI

In the result, appeal of the assessee is partly allowed

Bench: : Shri A.D. Jain & Shri Dr. Mitha Lal Meenaassessment Year: 2013-14 Vs. Acit, Circle –2(3)( 1), Dr. Sanjay Chobey, (Huf) Opp. Ware House, Shivpuri Aayakar Bhawan, Road, Nandpura, Jhansi 1090, Civil Lines, Pan : Aahhd7844 Q Jhansi (Appellant) (Respondent)

Section 50C(2) should be read as ‘must’ by the Assessing Officer in the matter of reference of valuation of capital assets to the DVO, if the assessee objects adoption of stamp duty or circle rates. For this purpose, he placed reliance on the judgment of Hon’ble Calcutta High Court in the case of Sunil ITA 140/Agr/2018 5 Kumar

BAJWA RUBBER INDUSTRIES,AGRA vs. ITO-1(2)(2), AGRA/NFAC., DELHI, AGRA

In the result all the appeals filed by the

Bench: : Shri Anil Chaturvedi & Sh. Laliet Kumarassessment Year: 2018-19 M/S. Krishna Kanha Shelters Pvt. Ltd. Vs. Acit Circle – 2(1)(2) Pushpanjali Palace Delhi Gate Sanjay Place, Agra U.P. Agra U.P. Pan: Aacck7160L (Appellant) (Respondent) Assessment Year: 2008-09 M/S Banmoreelecticals Pvt Ltd Vs. Dcit Behind Park Hotel, Moti Mahal, Road City Centre Gwalior M.P. Gwalior M.P. Pan: Aabcb4242M (Respondent) (Appellant)

Capital Pvt. Ltd. vs. DCIT/ACIT -1(1) Udaygiri Bhaskar lane Gwalior M.P. Gwalior M.P. PAN: AADCR7430F (Appellant) (Respondent) Assessment year: 2018-19 M/s. B.P. Oils Mills Ltd. vs. J.O. Circle 2(1)(1) Maithan Agra U.P. Agra U.P. 282001 PAN: AAACB6524H (Appellant) (Respondent) ITA No. 53 /Agra/2021 & Others (58) ITA No.86&105/Agr/2021 Assessment year: 2018-19 & 2019-20 Sh. Danvir

ASHIRWAD FOOD AND BEVERAGES ,BHIND vs. J.A.O., DCIT/ACIT., CIRCLE-1(1), GWALIOR

In the result all the appeals filed by the

Bench: : Shri Anil Chaturvedi & Sh. Laliet Kumarassessment Year: 2018-19 M/S. Krishna Kanha Shelters Pvt. Ltd. Vs. Acit Circle – 2(1)(2) Pushpanjali Palace Delhi Gate Sanjay Place, Agra U.P. Agra U.P. Pan: Aacck7160L (Appellant) (Respondent) Assessment Year: 2008-09 M/S Banmoreelecticals Pvt Ltd Vs. Dcit Behind Park Hotel, Moti Mahal, Road City Centre Gwalior M.P. Gwalior M.P. Pan: Aabcb4242M (Respondent) (Appellant)

Capital Pvt. Ltd. vs. DCIT/ACIT -1(1) Udaygiri Bhaskar lane Gwalior M.P. Gwalior M.P. PAN: AADCR7430F (Appellant) (Respondent) Assessment year: 2018-19 M/s. B.P. Oils Mills Ltd. vs. J.O. Circle 2(1)(1) Maithan Agra U.P. Agra U.P. 282001 PAN: AAACB6524H (Appellant) (Respondent) ITA No. 53 /Agra/2021 & Others (58) ITA No.86&105/Agr/2021 Assessment year: 2018-19 & 2019-20 Sh. Danvir

B.P. OIL MILLS LIMITED,AGRA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 2(1)(1), AGRA

In the result all the appeals filed by the

Bench: : Shri Anil Chaturvedi & Sh. Laliet Kumarassessment Year: 2018-19 M/S. Krishna Kanha Shelters Pvt. Ltd. Vs. Acit Circle – 2(1)(2) Pushpanjali Palace Delhi Gate Sanjay Place, Agra U.P. Agra U.P. Pan: Aacck7160L (Appellant) (Respondent) Assessment Year: 2008-09 M/S Banmoreelecticals Pvt Ltd Vs. Dcit Behind Park Hotel, Moti Mahal, Road City Centre Gwalior M.P. Gwalior M.P. Pan: Aabcb4242M (Respondent) (Appellant)

Capital Pvt. Ltd. vs. DCIT/ACIT -1(1) Udaygiri Bhaskar lane Gwalior M.P. Gwalior M.P. PAN: AADCR7430F (Appellant) (Respondent) Assessment year: 2018-19 M/s. B.P. Oils Mills Ltd. vs. J.O. Circle 2(1)(1) Maithan Agra U.P. Agra U.P. 282001 PAN: AAACB6524H (Appellant) (Respondent) ITA No. 53 /Agra/2021 & Others (58) ITA No.86&105/Agr/2021 Assessment year: 2018-19 & 2019-20 Sh. Danvir

M/S AMBICA SHEETGRAH PVT. LTD.,AGRA vs. CPC., BENGALURU/ A.O., CIRCLE-2(1)(1), AGRA

In the result all the appeals filed by the

Bench: : Shri Anil Chaturvedi & Sh. Laliet Kumarassessment Year: 2018-19 M/S. Krishna Kanha Shelters Pvt. Ltd. Vs. Acit Circle – 2(1)(2) Pushpanjali Palace Delhi Gate Sanjay Place, Agra U.P. Agra U.P. Pan: Aacck7160L (Appellant) (Respondent) Assessment Year: 2008-09 M/S Banmoreelecticals Pvt Ltd Vs. Dcit Behind Park Hotel, Moti Mahal, Road City Centre Gwalior M.P. Gwalior M.P. Pan: Aabcb4242M (Respondent) (Appellant)

Capital Pvt. Ltd. vs. DCIT/ACIT -1(1) Udaygiri Bhaskar lane Gwalior M.P. Gwalior M.P. PAN: AADCR7430F (Appellant) (Respondent) Assessment year: 2018-19 M/s. B.P. Oils Mills Ltd. vs. J.O. Circle 2(1)(1) Maithan Agra U.P. Agra U.P. 282001 PAN: AAACB6524H (Appellant) (Respondent) ITA No. 53 /Agra/2021 & Others (58) ITA No.86&105/Agr/2021 Assessment year: 2018-19 & 2019-20 Sh. Danvir

M/S OOM SHOE COMPONENTS,AGRA vs. NFAC.,/ ITO., WARD 1(1)(1),AGRA, AGRA

In the result all the appeals filed by the

Bench: : Shri Anil Chaturvedi & Sh. Laliet Kumarassessment Year: 2018-19 M/S. Krishna Kanha Shelters Pvt. Ltd. Vs. Acit Circle – 2(1)(2) Pushpanjali Palace Delhi Gate Sanjay Place, Agra U.P. Agra U.P. Pan: Aacck7160L (Appellant) (Respondent) Assessment Year: 2008-09 M/S Banmoreelecticals Pvt Ltd Vs. Dcit Behind Park Hotel, Moti Mahal, Road City Centre Gwalior M.P. Gwalior M.P. Pan: Aabcb4242M (Respondent) (Appellant)

Capital Pvt. Ltd. vs. DCIT/ACIT -1(1) Udaygiri Bhaskar lane Gwalior M.P. Gwalior M.P. PAN: AADCR7430F (Appellant) (Respondent) Assessment year: 2018-19 M/s. B.P. Oils Mills Ltd. vs. J.O. Circle 2(1)(1) Maithan Agra U.P. Agra U.P. 282001 PAN: AAACB6524H (Appellant) (Respondent) ITA No. 53 /Agra/2021 & Others (58) ITA No.86&105/Agr/2021 Assessment year: 2018-19 & 2019-20 Sh. Danvir

ASHIRWAD FOOD AND BEVERAGES ,BHIND vs. J.A.O., DCIT/ACIT, CIRCLE-1(1), GWALIOR

In the result all the appeals filed by the

Bench: : Shri Anil Chaturvedi & Sh. Laliet Kumarassessment Year: 2018-19 M/S. Krishna Kanha Shelters Pvt. Ltd. Vs. Acit Circle – 2(1)(2) Pushpanjali Palace Delhi Gate Sanjay Place, Agra U.P. Agra U.P. Pan: Aacck7160L (Appellant) (Respondent) Assessment Year: 2008-09 M/S Banmoreelecticals Pvt Ltd Vs. Dcit Behind Park Hotel, Moti Mahal, Road City Centre Gwalior M.P. Gwalior M.P. Pan: Aabcb4242M (Respondent) (Appellant)

Capital Pvt. Ltd. vs. DCIT/ACIT -1(1) Udaygiri Bhaskar lane Gwalior M.P. Gwalior M.P. PAN: AADCR7430F (Appellant) (Respondent) Assessment year: 2018-19 M/s. B.P. Oils Mills Ltd. vs. J.O. Circle 2(1)(1) Maithan Agra U.P. Agra U.P. 282001 PAN: AAACB6524H (Appellant) (Respondent) ITA No. 53 /Agra/2021 & Others (58) ITA No.86&105/Agr/2021 Assessment year: 2018-19 & 2019-20 Sh. Danvir

M/S OOM SHOE COMPONENTS,AGRA vs. NFAC,/WARD 1(1)(1), AGRA

In the result all the appeals filed by the

Bench: : Shri Anil Chaturvedi & Sh. Laliet Kumarassessment Year: 2018-19 M/S. Krishna Kanha Shelters Pvt. Ltd. Vs. Acit Circle – 2(1)(2) Pushpanjali Palace Delhi Gate Sanjay Place, Agra U.P. Agra U.P. Pan: Aacck7160L (Appellant) (Respondent) Assessment Year: 2008-09 M/S Banmoreelecticals Pvt Ltd Vs. Dcit Behind Park Hotel, Moti Mahal, Road City Centre Gwalior M.P. Gwalior M.P. Pan: Aabcb4242M (Respondent) (Appellant)

Capital Pvt. Ltd. vs. DCIT/ACIT -1(1) Udaygiri Bhaskar lane Gwalior M.P. Gwalior M.P. PAN: AADCR7430F (Appellant) (Respondent) Assessment year: 2018-19 M/s. B.P. Oils Mills Ltd. vs. J.O. Circle 2(1)(1) Maithan Agra U.P. Agra U.P. 282001 PAN: AAACB6524H (Appellant) (Respondent) ITA No. 53 /Agra/2021 & Others (58) ITA No.86&105/Agr/2021 Assessment year: 2018-19 & 2019-20 Sh. Danvir

GANESH CHANDRA AGARWAL,FIROZABAD vs. ITO.,WARD 2(2)(1), FIROZABAD

In the result all the appeals filed by the

Bench: : Shri Anil Chaturvedi & Sh. Laliet Kumarassessment Year: 2018-19 M/S. Krishna Kanha Shelters Pvt. Ltd. Vs. Acit Circle – 2(1)(2) Pushpanjali Palace Delhi Gate Sanjay Place, Agra U.P. Agra U.P. Pan: Aacck7160L (Appellant) (Respondent) Assessment Year: 2008-09 M/S Banmoreelecticals Pvt Ltd Vs. Dcit Behind Park Hotel, Moti Mahal, Road City Centre Gwalior M.P. Gwalior M.P. Pan: Aabcb4242M (Respondent) (Appellant)

Capital Pvt. Ltd. vs. DCIT/ACIT -1(1) Udaygiri Bhaskar lane Gwalior M.P. Gwalior M.P. PAN: AADCR7430F (Appellant) (Respondent) Assessment year: 2018-19 M/s. B.P. Oils Mills Ltd. vs. J.O. Circle 2(1)(1) Maithan Agra U.P. Agra U.P. 282001 PAN: AAACB6524H (Appellant) (Respondent) ITA No. 53 /Agra/2021 & Others (58) ITA No.86&105/Agr/2021 Assessment year: 2018-19 & 2019-20 Sh. Danvir

MRS. ARCHANA BHARGAVA,ALIGARH vs. J.A.O., WORD 4(1)(4), ALIGARH, ALIGARH

In the result all the appeals filed by the

Bench: : Shri Anil Chaturvedi & Sh. Laliet Kumarassessment Year: 2018-19 M/S. Krishna Kanha Shelters Pvt. Ltd. Vs. Acit Circle – 2(1)(2) Pushpanjali Palace Delhi Gate Sanjay Place, Agra U.P. Agra U.P. Pan: Aacck7160L (Appellant) (Respondent) Assessment Year: 2008-09 M/S Banmoreelecticals Pvt Ltd Vs. Dcit Behind Park Hotel, Moti Mahal, Road City Centre Gwalior M.P. Gwalior M.P. Pan: Aabcb4242M (Respondent) (Appellant)

Capital Pvt. Ltd. vs. DCIT/ACIT -1(1) Udaygiri Bhaskar lane Gwalior M.P. Gwalior M.P. PAN: AADCR7430F (Appellant) (Respondent) Assessment year: 2018-19 M/s. B.P. Oils Mills Ltd. vs. J.O. Circle 2(1)(1) Maithan Agra U.P. Agra U.P. 282001 PAN: AAACB6524H (Appellant) (Respondent) ITA No. 53 /Agra/2021 & Others (58) ITA No.86&105/Agr/2021 Assessment year: 2018-19 & 2019-20 Sh. Danvir