VECTUS INDUSTRIES LTD.,,GWALIOR vs. DCIT/ACIT 1(1) , GWALIOR

In the result, the appeal of the assessee is allowed

Bench: Shri M. Balaganesh(Through Virtual Hearing)

disallowance of a claim of deduction. Reliance in this regard is placed on the decision of Hon‟ble Supreme Court in the case of Reliance Petroproducts Ltd reported in 322 ITR 158 (SC). Though this decision was rendered in the context of penalty under section 271(1

VECTUS INDUSTRIES LTD.,GWALIOR vs. DCIT/ACIT 1(1), GWALIOR

In the result, the appeal of the assessee is allowed

Bench: Shri M. Balaganesh(Through Virtual Hearing)

disallowance of a claim of deduction. Reliance in this regard is placed on the decision of Hon‟ble Supreme Court in the case of Reliance Petroproducts Ltd reported in 322 ITR 158 (SC). Though this decision was rendered in the context of penalty under section 271(1

D.C.I.T., CENTRAL CIRCLE, AGRA vs. M/S PNC INFRATECH LTD., AGRA

Appeal is dismissed

Bench: : Shri Satbeer Singh Godara & Shri Manoj Kumar Aggarwalassessment Year: 2011-12

section 271(1)(c) penalty of Rs.2,25,00,000/- imposed by the Assessing Officer vide order dated 20.06.2019, holding the assessee to have concealed and furnished inaccurate particulars of income. He further quotes (2024) 169 taxmann.com 16 (Delhi) Pawan Kumar Jaggi vs. ACIT to buttress the point that even in case of adhoc disallowances

VINOD KUMAR GUPTA,JHANSI vs. ITO, WARD-2(3)(1), JHANSI

In the result, the appeals of the assessee in ITA Nos

271(1)(b) of the\nIncome-tax Act, 1961 (hereinafter referred to as 'the Act') by the Assessing\nOfficer, NFAC, Delhi (hereinafter referred to as 'Id. AO').\n2. Appeals in ITA Nos. 388 to 391/AGR/2025 involve identical issues and\nhence they are taken up together and disposed of by this common order for the\nsake of convenience. Similarly, the appeals

VINOD KUMAR GUPTA,JHANSI vs. ITO, WARD-2(3)(1), JHANSI

In the result, the appeals of the assessee in ITA Nos

1\nPage | 2\nPage | 3\nPage | 4", "summary": { "facts": "The assessee filed returns for AYs 2014-15 to 2017-18. For AY 2017-18, reassessment proceedings were initiated under section 147 after identifying un-explained bank credits. Additions were made for disallowing house property loss, unexplained money, and denying Chapter VIA deductions. The CIT(A) dismissed the appeal without admitting

VINOD KUMAR GUPTA,JHANSI vs. ITO, WARD-2(3)(1), JHANSI

In the result, the appeals of the assessee in ITA Nos

1\nPage | 2\nPage | 3\nPage | 4", "summary": { "facts": "The assessee filed returns for AYs 2014-15 to 2017-18. For AY 2017-18, reassessment proceedings were initiated under section 148 due to alleged unexplained cash/credit entries in the bank account. Additions were made for disallowance of loss from house property, unexplained money, and denial of Chapter VIA deduction

TOMAR & BROTHERS,ETAWAH vs. INCOME TAX OFFICER 2(2)(5) ETAWAH, ETAWAH

In the result, the appeal preferred by the assessee is allowed

Bench: : Shri S. Rifaur Rahman & Shri Sunil Kumar Singhassessment Year: 2014-15

271(1)(c) is attracted on disallowance of expenditure u/s. 40(a)(ia) of the Act. With regard to disallowance made by the Assessing Officer towards sundry creditors/debtors, we observe that the Assessing Officer has not quoted the relevant section

K P ENTERPRISES,ETAWAH vs. ASSISTANT COMMISSIONER OF INCOME TAX , FIROZABAD

In the result, the appeal filed by the assessee is allowed

Bench: SHRIS.RIFAUR RAHMAN (Accountant Member), SHRI SUNIL KUMAR SINGH (Judicial Member)

section 271(1)(c) the Act. In the penalty order, the AO observed that the assessee firm was in the business of civil contracts and working for Government department during the period relevant to the AY 2014-15 and it filed its return of income on 26.11.2014 for the year under consideration declaring total income at Rs.41,98,630/-. Subsequently

VINOD KUMAR GUPTA,JHANSI vs. ITO, WARD-2(3)(1), JHANSI

In the result, the appeals of the assessee in ITA Nos

271(1)(b) of the\nIncome-tax Act, 1961 (hereinafter referred to as 'the Act') by the Assessing\nOfficer, NFAC, Delhi (hereinafter referred to as 'Id. AO').\nAppeals in ITA Nos. 388 to 391/AGR/2025 involve identical issues and\nhence they are taken up together and disposed of by this common order for the\nsake of convenience. Similarly, the appeals

VINOD KUMAR GUPTA,JHANSI vs. ITO, WARD-2(3)(1), JHANSI

In the result, the appeals of the assessee in ITA Nos

Bench: Shri M. Balaganesh(Through Virtual Hearing)

271(1)(b) of the Income-tax Act, 1961 (hereinafter referred to as ‘the Act’) by the Assessing Officer, NFAC, Delhi (hereinafter referred to as ‘ld. AO’). 2. Appeals in ITA Nos. 388 to 391/AGR/2025 involve identical issues and hence they are taken up together and disposed of by this common order for the sake of convenience. Similarly, the appeals

VINOD KUMAR GUPTA,JHANSI vs. ITO, WARD-2(3)(1), JHANSI

In the result, the appeals of the assessee in ITA Nos

Bench: Shri M. Balaganesh(Through Virtual Hearing)

271(1)(b) of the Income-tax Act, 1961 (hereinafter referred to as ‘the Act’) by the Assessing Officer, NFAC, Delhi (hereinafter referred to as ‘ld. AO’). 2. Appeals in ITA Nos. 388 to 391/AGR/2025 involve identical issues and hence they are taken up together and disposed of by this common order for the sake of convenience. Similarly, the appeals

VINOD KUMAR GUPTA,JHANSI vs. ITO, WARD-2(3)(1), JHANSI

In the result, the appeals of the assessee in ITA Nos

Bench: Shri M. Balaganesh(Through Virtual Hearing)

271(1)(b) of the Income-tax Act, 1961 (hereinafter referred to as ‘the Act’) by the Assessing Officer, NFAC, Delhi (hereinafter referred to as ‘ld. AO’). 2. Appeals in ITA Nos. 388 to 391/AGR/2025 involve identical issues and hence they are taken up together and disposed of by this common order for the sake of convenience. Similarly, the appeals

MANISH KUMAR CHATURVEDI,JHANSI vs. ITO WARD 2(3)(2), JHANSI

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

Bench: Shri M. Balaganesh(Through Virtual Hearing) Manish Kumar Chaturvedi, Vs. Income Tax Officer, 1882, Shivaji Nagar, Jhansic Ward-2(3)(2), 284001 Jhansi 284 001 (Appellant) (Respondent) Pan:Akkpc5294Q Assessee By : None Revenue By: Shri Shailender Shrivastava, Sr. Dr Date Of Hearing 06/02/2025 Date Of Pronouncement 06/02/2025

271 of the Act and under section 270A(2) (b) and 271F of the Act is unwarranted. Manish Kumar Chaturvedi 9. That the appellate order dated 01.12.2023 passed by the Ld. CIT (A) is against the law and facts of the appellant's case.” 3. None appeared on behalf of the assessee despite issuance of notice of hearing. Hence

NEETA AGARWAL,AGRA vs. INCOME TAX OFFICER, 2(1)(2), AGRA, AGRA

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

Bench: Shri M. Balaganesh & Shri Sunil Kumar Singh(Through Virtual Hearing) Neeta Agarwal, Vs. Income Tax Officer, E-23, New Agra, Agra Ward-2(1)(2), Agra (Appellant) (Respondent) Pan: Aaxpa0936E Assessee By : Shri Amit Goyal, Adv Shri Nitin Goyal, Adv Revenue By: Shri Anil Kumar, Sr. Dr Date Of Hearing 16/09/2025 Date Of Pronouncement 04/12/2025

disallowance of exemption of Rs. 95,20,372 being the long term capital gain arising on transfer of shares Capital Trade Link Ltd. Under section 10(38) of I.T.Act, 1961. 5. That on the facts and in the circumstances of the case and in law, the Ld. Commissioner of Income Tax (Appeals), NFAC has erred in enhancing the income

HARDAYAL MILK PRODUCTS PRIVATE LIMITED,SHIKOHABAD vs. DCIT, CIRCLE-2(2)(1), FIROZABAD, FIROZABAD

In the result, the appeal preferred by the assessee is partly

Bench: : Shri S. Rifaur Rahman & Shri Sunil Kumar Singhassessment Year: 2013-14

disallowance on fixed assets. The perusal of the impugned assessment order would reveal that the ld. Assessing Officer while considering the net profit rate of the assessee has given a comparative analysis of the turnover and profits of the appellant for the three assessment years as under: A.Y. Sales (Rs.) GP (Rs) G.P. Rate NP(Rs.) N.P. Rate