M/S DEORA ELECTRIC WORKS,ALLAHABAD vs. DY. COMMISSIONER OF INCOME TAX, CIRCLE -1, ALLAHABAD

In the result, both appeals i

194A, also as contract receipt. The ld. CIT(A) recorded his finding that the actual amount of receipts were Rs.9,55,88,176/- which had been bifurcated in the profit and loss account under two heads of income as Rs.5,55,05,722/- under the contract A.Y.2009-10 M/s Deora Electric Works receipts and Rs.4,82,454/- under sales head

SAVLA AGENCIES,ALLAHABAD vs. JCIT, RANGE-I, , ALLAHABAD

In the result, the appeal of the assessee is partly allowed

Bench: Shri.Vijay Pal Raoassessment Year: 2011-12 Savla Agencies, V. Joint Commissioner Of Income Tax, 26, M.G. Marg, Civil Lines, Range-I, Allahabad Allahabad-211001 Pan-Aawfs0816J (Appellant) (Respondent) Appellant By: Mr. Tanmay Sadh, Adv Respondent By: Mr. A.K. Singh, Sr. Dr Date Of Hearing: 05.01.2023 Date Of Pronouncement: 06.01.2023 O R D E R

3,27,465 are duly considered. It is noted that while making the disallowance the Ld. AO observed that the appellant firm have 5 partners with each one having 20% share. On 05.04.2010 after unfortunate demise of one of the partners viz Shri Chetan Savla (who died unfortunately in an incident of robbery in which he was shot dead) partnership