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

In the result the appeal of the assessee is partly allowed

carried out upon the assessee on 27.08.2009. Subsequent to the search being made, a notice under section 153A was issued on 7.07.2010 and finally an assessment was completed under section 153A rws 143(3) at a total income of Rs.1,82,70,440/-. Penalty proceedings under section 271(1)(c) were initiated. During the course of assessment, the following additions

YOGI SATYAM,ALLAHABAD vs. ITO, WARD- 1 (5), ALLAHABAD

The appeals are partly allowed

Bench: Shri. Sudhanshu Srivastava & Shri Nikhil Choudhary

carry forward of excess of expenditure over receipts to be adjusted against future excess receipts. 13.10 He reiterated that both the authorities below have accepted the source of receipts and deposits, activities of Kriyayoga, requirement of day-to-day expenses, fact of non-profit institute, sacrifices of monks residing in the campus for the betterment of the society

YOGI SATYAM,ALLAHABAD vs. ITO, WARD- 1(5), ALLAHABAD

The appeals are partly allowed

Bench: Shri. Sudhanshu Srivastava & Shri Nikhil Choudhary

carry forward of excess of expenditure over receipts to be adjusted against future excess receipts. 13.10 He reiterated that both the authorities below have accepted the source of receipts and deposits, activities of Kriyayoga, requirement of day-to-day expenses, fact of non-profit institute, sacrifices of monks residing in the campus for the betterment of the society

SANJANA,ALLAHABAD vs. ITO, WARD-1(5), ALLAHABAD

The appeals are partly allowed

Bench: Shri. Sudhanshu Srivastava & Shri Nikhil Choudhary

carry forward of excess of expenditure over receipts to be adjusted against future excess receipts. 13.10 He reiterated that both the authorities below have accepted the source of receipts and deposits, activities of Kriyayoga, requirement of day-to-day expenses, fact of non-profit institute, sacrifices of monks residing in the campus for the betterment of the society

YOGI SATYAM,ALLAHABAD vs. ITO, WARD- 1(5), ALLAHABAD

The appeals are partly allowed

Bench: Shri. Sudhanshu Srivastava & Shri Nikhil Choudhary

carry forward of excess of expenditure over receipts to be adjusted against future excess receipts. 13.10 He reiterated that both the authorities below have accepted the source of receipts and deposits, activities of Kriyayoga, requirement of day-to-day expenses, fact of non-profit institute, sacrifices of monks residing in the campus for the betterment of the society

YOGI SATYAM,ALLAHABAD vs. ITO, WARD-1(5), ALLAHABAD

The appeals are partly allowed

Bench: Shri. Sudhanshu Srivastava & Shri Nikhil Choudhary

carry forward of excess of expenditure over receipts to be adjusted against future excess receipts. 13.10 He reiterated that both the authorities below have accepted the source of receipts and deposits, activities of Kriyayoga, requirement of day-to-day expenses, fact of non-profit institute, sacrifices of monks residing in the campus for the betterment of the society

SANJANA,ALLAHABAD vs. ITO, WARD-1(5), ALLAHABAD

The appeals are partly allowed

Bench: Shri. Sudhanshu Srivastava & Shri Nikhil Choudhary

carry forward of excess of expenditure over receipts to be adjusted against future excess receipts. 13.10 He reiterated that both the authorities below have accepted the source of receipts and deposits, activities of Kriyayoga, requirement of day-to-day expenses, fact of non-profit institute, sacrifices of monks residing in the campus for the betterment of the society

SANJANA,ALLAHABAD vs. ITO, WARD- 1 (5), ALLAHABAD

The appeals are partly allowed

Bench: Shri. Sudhanshu Srivastava & Shri Nikhil Choudhary

carry forward of excess of expenditure over receipts to be adjusted against future excess receipts. 13.10 He reiterated that both the authorities below have accepted the source of receipts and deposits, activities of Kriyayoga, requirement of day-to-day expenses, fact of non-profit institute, sacrifices of monks residing in the campus for the betterment of the society

SANJANA,ALLAHABAD vs. ITO, WARD- 1 (5), ALLAHABAD

The appeals are partly allowed

Bench: Shri. Sudhanshu Srivastava & Shri Nikhil Choudhary

carry forward of excess of expenditure over receipts to be adjusted against future excess receipts. 13.10 He reiterated that both the authorities below have accepted the source of receipts and deposits, activities of Kriyayoga, requirement of day-to-day expenses, fact of non-profit institute, sacrifices of monks residing in the campus for the betterment of the society

SANJANA,ALLAHABAD vs. ITO, WARD- 1(5), ALLAHABAD

The appeals are partly allowed

Bench: Shri. Sudhanshu Srivastava & Shri Nikhil Choudhary

carry forward of excess of expenditure over receipts to be adjusted against future excess receipts. 13.10 He reiterated that both the authorities below have accepted the source of receipts and deposits, activities of Kriyayoga, requirement of day-to-day expenses, fact of non-profit institute, sacrifices of monks residing in the campus for the betterment of the society

YOGI SATYAM,ALLAHABAD vs. ITO, WARD- 1 (5), ALLAHABAD

The appeals are partly allowed

Bench: Shri. Sudhanshu Srivastava & Shri Nikhil Choudhary

carry forward of excess of expenditure over receipts to be adjusted against future excess receipts. 13.10 He reiterated that both the authorities below have accepted the source of receipts and deposits, activities of Kriyayoga, requirement of day-to-day expenses, fact of non-profit institute, sacrifices of monks residing in the campus for the betterment of the society

DEEPAK AUTO SALES KUNDA PRATAPGARH,PRATAPGARH vs. INCOME TAX OFFICER PRATAPGARH, PRATAPGARH

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

Bench: Shri Anadee Nath Misshra & Shri Subhash Malguria

carried the matter in appeal before the learned CIT(A). The learned CIT(A), vide impugned appellate order dated 29/03/20225 has dismissed the appeal of the assessee. Being aggrieved further, the assessee is in appeal before the Income Tax Appellate Tribunal. 3. We have heard the rival parties and have gone through the material placed on record. The learned Counsel