AJAY KUMAR GUPTA,FATEHPUR vs. CIT(A), NFAC, DELHI (AO:ITO-2(4),FATEHPUR, FATEHPUR

In the result, appeal filed by assessee in ITA No

Bench: Shri Vijay Pal Rao & Shri Ramit Kochar

CAPITAL GAINS- (i) Sales Consideration - Rs. 5,00,000.00 (ii) Stamp Duty Valuation - Rs. 15,78,000.00 (iii) Cost of Acquisition- .5260x2,80,000/1.3350-Rs.1,10,332.00 (iv) Indexed Cost of Acquisition( 2001-02) =1,10332x426/389- Rs.1,20,815.00 (v) As per New calculation of Indexed Cost- 1,20.815x264/100= Rs. 3,18,953.00 (vi) LONG TERM CAPITALGAINS

KAILASH JAISWAL,GORAKHPUR vs. ACIT(CC), ALLAHABAD

In the result, all the appeals are allowed

Bench: Shri Anadee Nath Misshra & Shri Subhash Malguria, Ju Dicial Member

80,000/- as made by the assessing officer as per para 4 of the assessment order and his action as confirmed by CIT(A) is highly unjustified. 5. That in any view of the matter addition of Rs.11,89,805/- on account of capital gain as made by the assessing officer which was reduced to Rs.8

KAILASH JAISWAL,GORAKHPUR vs. ACIT(CC), ALLAHABAD

In the result, all the appeals are allowed

Bench: Shri Anadee Nath Misshra & Shri Subhash Malguria, Ju Dicial Member

80,000/- as made by the assessing officer as per para 4 of the assessment order and his action as confirmed by CIT(A) is highly unjustified. 5. That in any view of the matter addition of Rs.11,89,805/- on account of capital gain as made by the assessing officer which was reduced to Rs.8

KAILASH JAISWAL,GORAKHPUR vs. ACIT(C.C.), ALLAHABAD

In the result, all the appeals are allowed

Bench: Shri Anadee Nath Misshra & Shri Subhash Malguria, Ju Dicial Member

80,000/- as made by the assessing officer as per para 4 of the assessment order and his action as confirmed by CIT(A) is highly unjustified. 5. That in any view of the matter addition of Rs.11,89,805/- on account of capital gain as made by the assessing officer which was reduced to Rs.8

KAILASH JAISWAL,GORAKHPUR vs. ACIT(C.C.), ALLAHABAD

In the result, all the appeals are allowed

Bench: Shri Anadee Nath Misshra & Shri Subhash Malguria, Ju Dicial Member

80,000/- as made by the assessing officer as per para 4 of the assessment order and his action as confirmed by CIT(A) is highly unjustified. 5. That in any view of the matter addition of Rs.11,89,805/- on account of capital gain as made by the assessing officer which was reduced to Rs.8

KAILASH JAISWAL,GORAKHPUR vs. ACIT (CC), ALLAHABAD

In the result, all the appeals are allowed

Bench: Shri Anadee Nath Misshra & Shri Subhash Malguria, Ju Dicial Member

80,000/- as made by the assessing officer as per para 4 of the assessment order and his action as confirmed by CIT(A) is highly unjustified. 5. That in any view of the matter addition of Rs.11,89,805/- on account of capital gain as made by the assessing officer which was reduced to Rs.8

RAMESH CHANDRA VAISH ,ALLAHABAD vs. ASSTT. COMMISSIONER OF INCOME TAX CENTRAL CIRCLE , ALLAHABAD

Bench: Shri Vijay Pal Rao & Shri Ramit Kochar

section 50 of the Act as short term capital gain on sale of assets in the hands of the assessee. 4b. There is one more addition with respect to gift of Rs. 1,80

RAMESH CHANDRA VAISH,ALLAHABAD vs. ACIT, CENTRAL CIRCLE , ALLAHABAD

Bench: Shri Vijay Pal Rao & Shri Ramit Kochar

section 50 of the Act as short term capital gain on sale of assets in the hands of the assessee. 4b. There is one more addition with respect to gift of Rs. 1,80