KESARWANI & C0.,ALLAHABAD vs. JT.CIT., ALLAHABAD

In the result the appeal of the assessee is partly allowed

391,392,425, 630 & 631/Alld/2014 AYs.2005-06, 2007-08, 2008-09, 2009-10, 2005-06, 2004-05 & 2006-07 Kesarwani & Company, Sahson, Joint Commissioner of Income Allahabad vs. Tax, Central Circle, Allahabad PAN:AADFK6562C (Appellant) (Respondent) C.O. Nos.20/Alld/2014 A.Y. 2005-06 (A/o ITA No. 425/Alld/2014) Joint Commissioner of Income Tax, Kesarwani & Company, Central Circle, Allahabad vs. Sahson, Allahabad PAN:AADFK6562C (Appellant

SANKAR LAL JAISWAL,,ALLAHABAD vs. ITO- 1(5), ALLAHABAD

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

Bench: SH. SUBHASH MALGURIA, JUDICIAL MEMBER AND SH. NIKHIL CHOUDHARY (Accountant Member)

391/-, which he decided to treat as total turnover of the assessee. On this total deposit / turnover, a net profit rate of 8% was applied and the net profit of the assessee’s business was worked out at Rs.11,69,631/- which was then added to the total income of the assessee. With regard to the savings bank account

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

In the result, both appeals i

391 (Delhi). The ld. DR pointed out that in all these judgments, it had been held that an audit objection can constitute information on the basis of which re-assessment proceeding could be initiated. That the audit note was only drawing the attention of A.Y.2009-10 M/s Deora Electric Works the ITO to a fact or to a law which

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

In the result, both appeals i

391 (Delhi). The ld. DR pointed out that in all these judgments, it had been held that an audit objection can constitute information on the basis of which re-assessment proceeding could be initiated. That the audit note was only drawing the attention of A.Y.2009-10 M/s Deora Electric Works the ITO to a fact or to a law which

GAYA PRASAD BAJAJ,ALLAHABAD vs. ITO, ALLAHABAD

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

Bench: Shri.Vijay Pal Raoassessment Year: 2012-13 Gaya Prasad Bajaj, V. Income Tax Officer, 34-A, Chak Zero Road, Ward-1(2) Allahabad, U.P. Allahabad, U.P. Pan-Aampb9895N (Appellant) (Respondent) Appellant By: Mr. Abhinav Mehrotra, C.A. Respondent By: Mr. A.K. Singh, Sr. Dr Date Of Hearing: 05.07.2021 Date Of Pronouncement: 04.08.2021

disallowance made is patently illegal and contrary to the true and correct facts and circumstances of the case and liable to be deleted. 3. Because, on the facts and in the circumstances of the case, the impugned order passed by the Ld. CIT(A) as also that of the Assessing Officer, is unsustainable and bad in law as the right