ALLAHABAD DEVELOPMENT AUTHORITY,ALLAHABAD vs. ACIT (EXEMPTION), LUCKNOW

In the result all three appeals of the Assessee are partly allowed

Bench: Sh. Sudhanshu Srivastava & Sh. Nikhil Choudhary

54,93,137/- Income & Expenditure account (as exemption u/s 11 is denied) Grants and Funds 12,97,37,974/- received 19,52,31,111/- and in subjecting the same to taxation. 2. BECAUSE the learned CIT(A) erred in law and on facts in sustaining the denial of exemption under section 11 read with section

M/S. GOVIND STONE PRIVATE LIMITED ,HAMIRPUR vs. INCOME TAX OFFICER -5(4), BANDA

Bench: Shrivijay Pal Rao & Shri Ramit Kochar

section 68 of the Income-tax Act relating to cash credits. 51 Assessment Year: 2013-14 M/s. Govind Stone Pvt. Ltd. v. ITO Banda “The existing provisions of the aforesaid section 68 provide that where any sum is found credited in the books of an assessee maintained for any previous year, and the assessee offers no explanation about the nature

MEJA URJA NIGAM (P) LTD.,ALLAHABAD vs. INCOME TAX OFFICE WARD-2 (2), ALLAHABAD

In the result, both the appeals of the assessee for ay: 2015-16 and 2016-17

Bench: Shri.Vijay Pal Rao & Shri Ramit Kochar

54 & 55/Alld/2020 for assessment year’s(ay’s) : 2015-16 and 2016-17 respectively are directed against two separate appellate orders both dated 24.10.2019 in appeal no. CIT(A), Allahabad/10377/2017-18 for ay:2015-16 and CIT(A), Allahabad/10448/2018-19 for ay:2016-17 , both passed by learned Commissioner of Income-tax (Appeals), Allahabad, U.P. (hereinafter called “ the CIT(A)”) . The appellate