NEERAJ AGRAWAL,,MIRZAPUR vs. DCIT, MIRZAPUR

Bench: Shrivijay Pal Rao & Shri Ramit Kochar

undisclosed stock and the purity of the silver bullion is taken as valued by the registered valuer (as mentioned on the inventory concerned), i.e. Rs. 2,38,702/-. Accordingly, the addition of Rs. 2,38,702/-is being made to the total income of the assessee u/s 69B of the Act. Penalty proceedings u/s 271

GYAN MATA RADHA SATYAM KRIYAYOG ASHRAM RESEARCH INSTITUTE, JHUSI, ALLAHABAD,ALLAHABAD vs. ITO, WARD-1(2), ALLAHABAD, ALLAHABAD

In the result, appeal filed by the assessee is allowed

Bench: Shri.Vijay Pal Raoassessment Years: 2011-12 Gyan Mata Radha Satyam Vs. Income Tax Officer, Kriyayog Ashram Research Ward 1(2), Institute, Jhusi, Allahabad Allahabad Tan/Pan:Airpr 1165L (Appellant) (Respondent) Appellant By: Shri Praveen Godbole, Ca Respondent By: Shri A.K. Singh, Cit (Dr) Date Of Hearing: 24.02.2021 Date Of Pronouncement: 25.02.2021 O R D E R

Income Tax Act, 1961 (In short the “Act”) for the AY 2011- 12. The assessee has raised the following grounds: “1. That in any view of the matter penalty imposed u/s 271(l)(b) of the IT Act by order dated 29/03/19 imposing a penalty of Rs. 10,000/- the is bad both on the facts

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

In the result the appeal of the assessee is partly allowed

undisclosed income was found on search, no additions or disallowances should have been made and thus additions and disallowances as made in the assessment u/s 153A(1)(b) of the I.T. Act should have been deleted and order quashed and the learned C.I.T.(A) has erred both in law as well as on facts in dismissing grounds

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

In the result the appeal of the assessee is partly allowed

undisclosed income was found on search, no additions or disallowances should have been made and thus additions and disallowances as made in the assessment u/s 153A(1)(b) of the I.T. Act should have been deleted and order quashed and the learned C.I.T.(A) has erred both in law as well as on facts in dismissing grounds

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

In the result the appeal of the assessee is partly allowed

undisclosed income was found on search, no additions or disallowances should have been made and thus additions and disallowances as made in the assessment u/s 153A(1)(b) of the I.T. Act should have been deleted and order quashed and the learned C.I.T.(A) has erred both in law as well as on facts in dismissing grounds

RAMJI VAISH,ALLAHABAD vs. DCIT(CC), ALLAHABAD

In the result, all the appeals filed by the assessees are held to be partly allowed as above, while the Departmental appeals in the matter of Vijay Stone

Bench: Sh. Sudhanshu Srivastava & Sh. Nikhil Choudhary

undisclosed income related appellant was found in search. Therefore the assessment framed is illegal and income determined at Rs. 1,19,62,290/- for the year under consideration as against Rs. 13,09,020/- as disclosed by the assessee is highly unjustified and against the provisions of the Act hence such order is nullify, void and liable to be declared

RAMJI VAISH,ALLAHABAD vs. DCIT, (CC), ALLAHABAD

In the result, all the appeals filed by the assessees are held to be partly allowed as above, while the Departmental appeals in the matter of Vijay Stone

Bench: Sh. Sudhanshu Srivastava & Sh. Nikhil Choudhary

undisclosed income related appellant was found in search. Therefore the assessment framed is illegal and income determined at Rs. 1,19,62,290/- for the year under consideration as against Rs. 13,09,020/- as disclosed by the assessee is highly unjustified and against the provisions of the Act hence such order is nullify, void and liable to be declared

SUBHASH STONE PRODUCT (P) LTD.,SONEBHADRA vs. ASSTT. COMMISSIONER OF INCOME TAX CENTRAL CIRCLE, ALLAHABAD

In the result, all the appeals filed by the assessees are held to be partly allowed as above, while the Departmental appeals in the matter of Vijay Stone

Bench: Sh. Sudhanshu Srivastava & Sh. Nikhil Choudhary

undisclosed income related appellant was found in search. Therefore the assessment framed is illegal and income determined at Rs. 1,19,62,290/- for the year under consideration as against Rs. 13,09,020/- as disclosed by the assessee is highly unjustified and against the provisions of the Act hence such order is nullify, void and liable to be declared

RAMJI VAISH,ALLAHABAD vs. DCIT(CC), ALLAHABAD

In the result, all the appeals filed by the assessees are held to be partly allowed as above, while the Departmental appeals in the matter of Vijay Stone

Bench: Sh. Sudhanshu Srivastava & Sh. Nikhil Choudhary

undisclosed income related appellant was found in search. Therefore the assessment framed is illegal and income determined at Rs. 1,19,62,290/- for the year under consideration as against Rs. 13,09,020/- as disclosed by the assessee is highly unjustified and against the provisions of the Act hence such order is nullify, void and liable to be declared

VIJAY STONE PRODUCT,SONEBHADRA vs. ASSTT. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, ALLAHABAD

In the result, all the appeals filed by the assessees are held to be partly allowed as above, while the Departmental appeals in the matter of Vijay Stone

Bench: Sh. Sudhanshu Srivastava & Sh. Nikhil Choudhary

undisclosed income related appellant was found in search. Therefore the assessment framed is illegal and income determined at Rs. 1,19,62,290/- for the year under consideration as against Rs. 13,09,020/- as disclosed by the assessee is highly unjustified and against the provisions of the Act hence such order is nullify, void and liable to be declared

RAMJI VAISH,ALLAHABAD vs. DCIT(CC), ALLAHABAD

In the result, all the appeals filed by the assessees are held to be partly allowed as above, while the Departmental appeals in the matter of Vijay Stone

Bench: Sh. Sudhanshu Srivastava & Sh. Nikhil Choudhary

undisclosed income related appellant was found in search. Therefore the assessment framed is illegal and income determined at Rs. 1,19,62,290/- for the year under consideration as against Rs. 13,09,020/- as disclosed by the assessee is highly unjustified and against the provisions of the Act hence such order is nullify, void and liable to be declared

RAMJI VAISH,ALLAHABAD vs. DCIT, (CC), ALLAHABAD

In the result, all the appeals filed by the assessees are held to be partly allowed as above, while the Departmental appeals in the matter of Vijay Stone

Bench: Sh. Sudhanshu Srivastava & Sh. Nikhil Choudhary

undisclosed income related appellant was found in search. Therefore the assessment framed is illegal and income determined at Rs. 1,19,62,290/- for the year under consideration as against Rs. 13,09,020/- as disclosed by the assessee is highly unjustified and against the provisions of the Act hence such order is nullify, void and liable to be declared

VIJAY STONE PRODUCT,SONEBHADRA vs. ASSTT. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, ALLAHABAD

In the result, all the appeals filed by the assessees are held to be partly allowed as above, while the Departmental appeals in the matter of Vijay Stone

Bench: Sh. Sudhanshu Srivastava & Sh. Nikhil Choudhary

undisclosed income related appellant was found in search. Therefore the assessment framed is illegal and income determined at Rs. 1,19,62,290/- for the year under consideration as against Rs. 13,09,020/- as disclosed by the assessee is highly unjustified and against the provisions of the Act hence such order is nullify, void and liable to be declared

VIJAY STONE PRODUCT,SONEBHADRA vs. ASSTT. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, ALLAHABAD

In the result, all the appeals filed by the assessees are held to be partly allowed as above, while the Departmental appeals in the matter of Vijay Stone

Bench: Sh. Sudhanshu Srivastava & Sh. Nikhil Choudhary

undisclosed income related appellant was found in search. Therefore the assessment framed is illegal and income determined at Rs. 1,19,62,290/- for the year under consideration as against Rs. 13,09,020/- as disclosed by the assessee is highly unjustified and against the provisions of the Act hence such order is nullify, void and liable to be declared

VIJAY STONE PRODUCT,SONEBHADRA vs. ASSTT. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, ALLAHABAD

In the result, all the appeals filed by the assessees are held to be partly allowed as above, while the Departmental appeals in the matter of Vijay Stone

Bench: Sh. Sudhanshu Srivastava & Sh. Nikhil Choudhary

undisclosed income related appellant was found in search. Therefore the assessment framed is illegal and income determined at Rs. 1,19,62,290/- for the year under consideration as against Rs. 13,09,020/- as disclosed by the assessee is highly unjustified and against the provisions of the Act hence such order is nullify, void and liable to be declared

RAMJI VAISH,ALLAHABAD vs. DCIT(CC), ALLAHABAD

In the result, all the appeals filed by the assessees are held to be partly allowed as above, while the Departmental appeals in the matter of Vijay Stone

Bench: Sh. Sudhanshu Srivastava & Sh. Nikhil Choudhary

undisclosed income related appellant was found in search. Therefore the assessment framed is illegal and income determined at Rs. 1,19,62,290/- for the year under consideration as against Rs. 13,09,020/- as disclosed by the assessee is highly unjustified and against the provisions of the Act hence such order is nullify, void and liable to be declared

M/S SUBHASH STONE PRODUCT PRIVATE LIMITED,SONEBHADRA vs. ASSTT. COMMISSIONER OF INCOME TAX CENTRAL CIRCLE, ALLAHABAD

In the result, all the appeals filed by the assessees are held to be partly allowed as above, while the Departmental appeals in the matter of Vijay Stone

Bench: Sh. Sudhanshu Srivastava & Sh. Nikhil Choudhary

undisclosed income related appellant was found in search. Therefore the assessment framed is illegal and income determined at Rs. 1,19,62,290/- for the year under consideration as against Rs. 13,09,020/- as disclosed by the assessee is highly unjustified and against the provisions of the Act hence such order is nullify, void and liable to be declared

M/S JAI MAA SHARDA SERVICE STATION,ALLAHABAD vs. ACIT, CENTRAL CIRCLE, ALLAHABAD

In the result, all the appeals filed by the assessees are held to be partly allowed as above, while the Departmental appeals in the matter of Vijay Stone

Bench: Sh. Sudhanshu Srivastava & Sh. Nikhil Choudhary

undisclosed income related appellant was found in search. Therefore the assessment framed is illegal and income determined at Rs. 1,19,62,290/- for the year under consideration as against Rs. 13,09,020/- as disclosed by the assessee is highly unjustified and against the provisions of the Act hence such order is nullify, void and liable to be declared