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

Section 45. [(1)] Any profits or gains arising from the transfer91 of a capital asset91 effected91 in the previous year shall, save as otherwise provided in sections92[***] 93[54, 54B

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

Section 45. [(1)] Any profits or gains arising from the transfer91 of a capital asset91 effected91 in the previous year shall, save as otherwise provided in sections92[***] 93[54, 54B

A.C.I.T., CIRCLE-2, GWALIOR vs. M/S SUNIL KUMAR MITTAL & MAMTA MITTAL, MORENA

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

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

Section 45. [(1)] Any profits or gains arising from the transfer91 of a capital asset91 effected91 in the previous year shall, save as otherwise provided in sections92[***] 93[54, 54B

SHRI BASANT MAKHIJA,GWALIOR vs. A.C.I.T. CIRCLE-I, GWALIOR

In the result, the appeals and Cross objection are allowed for statistical purposes

Bench: : Shri Laliet Kumar & Dr. Mitha Lal Meenaassessment Year: 2008-09

capital gain. But there are some reasons according to income tax law on which the rebate/exemption taken by assessee can be disallowed. According to section 54B

AJIT SINGH,SHIVPURI vs. PRINCIPAL COMMISSIONER OF INCOME TAX, GWALIOR

In the result, assessee’s appeal ITA No 263/Agr/2025 is allowed

gains arising from the transfer of land used for agricultural purposes under Section 54B, subject to conditions. While Section 54B deals with capital

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

Gain is dealt with by the Assessing Officer, which reproduced as under: Office Note “The case was selected for Limited Scrutiny under CASS on the reasons given as under: i). Large deduction u/s 54B, 54C, 54D, 54G and 54GA ii). Mismatch in sales turnover reported in Audit Report and ITR Jii). Substantial increase in capital in a year

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

capital gain is confirmed.” 6. The first appeal was accordingly dismissed by the first appellate authority. 7. This second appeal has been filed on the ground, in addition to others, that Ld. CIT(Appeals) erred in dismissing the appeal without properly considering the additional evidences filed during the first appellate proceedings, wrongly denying the benefit of section 54B

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

capital gain is confirmed.” 6. The first appeal was accordingly dismissed by the first appellate authority. 7. This second appeal has been filed on the ground, in addition to others, that Ld. CIT(Appeals) erred in dismissing the appeal without properly considering the additional evidences filed during the first appellate proceedings, wrongly denying the benefit of section 54B

HARI SINGH,MATHURA vs. ITO WARD-3(2), MATHURA

In the result, the appeal of the assessee for statistical purposes treated as

Bench: Shri Laliet Kumar,And Dr. Mitha Lal Meena

capital gains I.T.A No.440/Agra/2017 2 tax was chargeable in this case being 85% of net consideration invested in assets u/s 54B of the IT Act 1961. 2. Because the Ld CIT(A) has erred in law as well as on facts in holding that the order passed by the AO u/s 144 of the IT Act 1961 was in order

MARSHAL SECURITY SERVICES,AGRA vs. ASSISTANT COMMISSIONER OF INCOME TAX, AGRA

In the result, the appeal is allowed

section 54B, 54C, 54D, 54G, 54GA\n2. Large value sale of consideration of property in ITR is less than sale\nconsideration of property.\n3. Large cash deposits in savings bank account and assessee has also\ntransferred one or more property(ies) during the year\nOrder passed by A.O:-AO passed the order u/s 154 and made addition on the\nissue

PRAMOD KUMAR GOYAL,GWALIOR vs. INCOME TAX OFFICER, WARD 2(3) GWALIOR, GWALIOR

In the result, the appeal is allowed for statistical purposes

Bench: : Shri Sunil Kumar Singh & Shri Brajesh Kumar Singhassessment Year: 2013-14

54B of the Act out of the long term capital gains, which arose on sale of agricultural land. The Assessing Officer further added an amount of Rs.1,00,000/- on account of disallowance of expenses debited in the profit and loss account for want of supportive documentary evidences. 3. Aggrieved, the assessee preferred an appeal before the learned CIT(Appeals