ACIT, CC, AGRA, AGRA vs. HMA AGRO INDUSTRIES LIMITED,, AGRA

In the result, appeal filed by the assessee for AY 2019-20 is\nallowed and appeals filed by the Revenue in AYs 2021-22, 2022-23 and\n2023-24 are dismissed

68 read with section 263, of the Income-tax Act,\n1961 - Cash credit (Gift) Assessment years 2007-08 and\n2008-09 - Assessee received certain amount as gifts from\nhis father and sister who were non-residents in India\nAssessing Officer after making detailed enquiries, took a\nview that assessee had duly proved identity, source and\ncreditworthiness of donors Commissioner

SHRI OM PRAKASH SINGH,MATHURA vs. ACIT CIRCLE-3, AGRA

In the result appeal is partly allowed

Bench: Shri Sudhanshu Srivastava & Dr. Mitha Lal Meena

29,32,732/- was disclosed which gives N.P rate of 2.04%. Thus, Net Profit of the assessee in filed Returns ranges from 1.88% to 2.04% in the consecutive three assessment years. In A.Y 2010-11, assessment was framed under section 143(3) of the Act vide order dated 2010-11 where income was estimated by application of N.P rate

AKHIL BHARTIYA GAHOI VAISHAY CHARITABLE TRUST,GWALIOR vs. INCOME TAX OFFICER, EXEMPTION, WARD EXEMPLTION

In the result, the appeal of the assessee is dismissed

29-12-2019 determining total income at Rs 25,60,360/- after making addition of Rs 25,44,579/- on account of unexplained cash credit under section 68

M/S VERMA SERVICE STATION,FIROZABAD vs. D.C.I.T., RANGE-5, FIROZABAD

In the result, the appeal of the assessee is dismissed

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

68 and added to the total income of the assessee. I.T.A No. 349/Agra/2018 4 & S.A. No.06/Agra/2018 (in I.T.A No. 349/Agra/2018) 5. Aggrieved by such addition in total income of the assessee, assesses has filed this appeal before CIT(A) -II, Agra in 2nd round where she has after going through the affidavit of both the partners regarding source of receipts

PRADEEP JAIN LEGAL HEIR OF JAY NARAYAN,FIROZABAD vs. INCOME TAX OFFICER, WARD 2(2)(2), FIROZABAD

sections": [ "147", "68", "2(29)", "2(11)", "159(4)" ], "issues": "Whether the appellant, treated as a \"legal heir\", was correctly

PRADEEP JAIN LEGAL HIER OF JAY NARAYAN,FIROZABAD vs. INCOME TAX OFFICER, WARD 2(2)(2),, FIROZABAD

section 68 unexplained cash deposits/credits\nin his hands, involving varying sums, respectively in his hands.\n4.\nThis being the clinching backdrop involved herein, we sought\nto know from the Revenue side as to whether this appellant Sh.\nPradip Jain has succeeded to the estate of the deceased assessee\nor not so as to be held as the “legal representative

PUSHPA,MATHURA vs. ITO-1(2)(3), MATHURA

In the result,both appeals are allowed

Bench: Shri Sudhanshu Srivastava & Dr. Mitha Lal Meenashri. Pushpendra Singh. Vs.. Income Tax Officer- 1(2)(3), M-22, Phase-I, Mahavidhya Colony. Agra. Mathura. Pan: Dldps6755P (Appellant) (Respondent) Smt. Pushpa Vs.. Income Tax Officer- 1(2)(3), M-22, Phase-I, Mahavidhya Colony. Agra. Mathura. Pan: Bcopd0484L (Appellant) (Respondent)

29 February, 2008, wherein no question of reopening was involved and the Hon’ble High Court , context of section 68

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

29- 09-2021 declaring total income of Rs. 4,10,340/- and claimed exemption of Rs. 94,59,175/- as exempt under Section 10(38) of the Act on account of long-term capital gain, in response to the notice under Section 148 of the Act dated 30-03-2021. The reassessment ultimately stood completed by treating

VEENA SINGH,GWALIOR vs. INCOME TAX OFFICER, WARD 2(3), GWALIOR, GWALIOR

In the result, appeal is allowed for statistical purposes

Bench: : Shri M. Balaganesh & Shri Sunil Kumar Singhassessment Year: 2015-16

29,470/- as unexplained opening capital under Section 68. 2 | P a g e Rs.1,13,000/- as unexplained

SHARAD MAHESHWARI,DELHI vs. INCOME TAX OFFICER, WARD 3(2), GWALIOR (M. P.), GWALIOR

In the result, the appeal of the assessee is allowed

Bench: Shri M. Balaganesh(Through Virtual Hearing) Sharad Maheshwari, Vs. Income Tax Officer, W-63, 3Rd Floor, Ward-3(2), Greater Kailash-2, Gwalior South Delhi (Appellant) (Respondent) Pan: Afepa7981H Assessee By : Shri Ashok Vijaywargiya, Ca Revenue By: Shri Anil Kumar, Sr. Dr Date Of Hearing 18/09/2025 Date Of Pronouncement 30/09/2025

Section 68 of the Act for not proving the creditworthiness of the donor. 5. With regard to gift received from Smt Manju Agarwal, sister of the assessee in the sum of Rs 6,25,000/-, the assessee submitted that the said amount was transferred by Smt Manju Agarwal out of her personal funds accumulated in the bank account

ANUPAM MITTAL,AGRA vs. ITO WARD 2(1)(1), AGRA, AGRA

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

Bench: Shri Sunil Kumar Singh & Shri Brajesh Kumar Singh[Assessment Year: 2018-19]

section 68 of the I.T. Act, 1961 is hereby confirmed and the ground no. 1,2 and 6 are decided in negative and against the appellant.” 4.1. Similarly, the ld. CIT(A) also confirmed the disallowance of interest of Rs.2,40,000/- on the loan of Rs.71,08,000/- by observing in para no.5.1 and 5.2 as under

AGRA DEVELOPMENT AUTHORITY,AGRA vs. DCIT., CIRCLE-1, AGRA

The appeals of the assessee are allowed and the appeal of the revenue is dismissed

29,097/- was made in cash on a single day through unsigned voucher. ITA No.216/Agr/2016, 183/Agr/2014,439/Agr/2015 & ITA No. 177/Agr/2014 18 (vi) That, the Ld.CIT(A) has erred in law & on facts by deleting the addition of Rs.57,68,605/-, on account of under section

ACIT, CC, AGRA, AGRA vs. HMA AGRO INDUSTRIES LIMITED, AGRA

In the result, appeal filed by the assessee for AY 2019-20 is\nallowed and appeals filed by the Revenue in AYs 2021-22, 2022-23 and\n2023-24 are dismissed

68 read with section 263, of the Income-tax Act,\n1961 - Cash credit (Gift) Assessment years 2007-08 and\n2008-09 - Assessee received certain amount as gifts from\nhis father and sister who were non-residents in India\nAssessing Officer after making detailed enquiries, took a\nview that assessee had duly proved identity, source and\ncreditworthiness of donors Commissioner

PRADEEP JAIN LEGAL HEIR,FIROZABAD vs. INCOME TAX OFFICER, WARD 2(2)(2), FIROZABAD

Bench: Shri Satbeer Singh Godara & Shri M. Balaganesh(Through Video Conferencing)

68 unexplained cash deposits/credits in his hands, involving varying sums, respectively in his hands. 4. This being the clinching backdrop involved herein, we sought to know from the Revenue side as to whether this appellant Sh. Pradip Jain has succeeded to the estate of the deceased assessee or not so as to be held as the “legal representative” as defined

PRADEEP JAIN LEGAL HEIR OF JAY NARAYAN,FIROZABAD vs. INCOME TAX OFFICER, WARD-2(2)(2), FIROZABAD

Bench: Shri Satbeer Singh Godara & Shri M. Balaganesh(Through Video Conferencing)

68 unexplained cash deposits/credits in his hands, involving varying sums, respectively in his hands. 4. This being the clinching backdrop involved herein, we sought to know from the Revenue side as to whether this appellant Sh. Pradip Jain has succeeded to the estate of the deceased assessee or not so as to be held as the “legal representative” as defined

NAVEEN GULU MULANI,AGRA vs. ITO, AGRA

In the result, the appeal is allowed for statistical purposes

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

Section 2(24)/14 of the Income Tax Act, liable to be annulled; that while sustaining the addition at Rs.47,60,004/-, the learned CIT (Appeals) has not appreciated the facts and the submissions before him. 4. He has argued that the additions made of Rs.47,60,004/- u/s 68 and the addition of Rs.5,04,000/- made under

ANAND KUMAR JAIN,AGRA vs. INCOME TAX OFFICER, WARD-1(1)(1), AGRA

In the result, appeal filed by the assessee is allowed

Bench: : Shri S. Rifaur Rahmanassessment Year: 2017-18 Anand Kumar Jain Vs. Income-Tax Officer, 30/41, Chhipitola Ward-1 (1)(1), Agra Agra Pan :Aarpj3189L (Appellant) (Respondent) Assessee By Shri Gaurav Goyal , Ca Department By Shri Anil Kumar, Sr. Dr Date Of Hearing 16.02.2026 Date Of Pronouncement 20.02.2026 Order

68, and the source of cash was duly explained as out of regular business receipts. 5. That the Learned CIT(A) failed to appreciate that provisions of section 44AD were applicable and the appellant had declared income higher than 8%, hence no further scrutiny of books or rejection thereof was warranted. 6. That the CIT(A) erred in ignoring

JHANSI DEVELOPMENT AUTHORITY,JHANSI vs. ACIT CIRCLE-4, AGRA

In the result the appeal of the assessee is allowed and the appeal

Bench: Shri Laliet Kumar,And Dr. Mitha Lal Meenajhansi Development Authority Vs..Dcit Circle-4, Commissionerycompus, Agra. Jhansi. (Now The Dy. Cit Panno.Aaalj0068K (Exemption) Ghaziabad. (Assessee) (Revenue) Acit, 4(1), Vs..Jhansi Development Agra. Authority (Now The Dy. Cit Commissionerycompus, Jhansi. (Exemption) Ghaziabad. Panno.Aaalj0068K (Revenue) (Assessee)

Section 2(15) of the said Act would be that it carves out an exception from the charitable purpose of advancement of any other object of general public utility and that exception is limited to activities in the nature of trade, commerce or business or any activity of rendering any service in relation to any trade, commerce or business