SHRI PURAN SINGH VERMA,DEHRADUN vs. DEPUTY COMMISSIONER OF INCOME-TAX, DEHRADUN

In the result, appeal in ITA No

Bench: Dr. B. R. R. Kumar & Shri Yogesh Kumar U.S.

exemption u/s 54 with respect to the purchase of above land from Durga verma but sold the land before the completion of statutory time as given in the provisions of section 54, the entire amount of Rs.50 lakhs is liable for taxation. Penalty u/s 271

SHRI PURAN SINGH VERMA,DEHRADUN vs. DEPUTY COMMISSIONER OF INCOME-TAX, DEHRADUN

In the result, appeal in ITA No

Bench: Dr. B. R. R. Kumar & Shri Yogesh Kumar U.S.

exemption u/s 54 with respect to the purchase of above land from Durga verma but sold the land before the completion of statutory time as given in the provisions of section 54, the entire amount of Rs.50 lakhs is liable for taxation. Penalty u/s 271

U.C. JAIN & SONS,HARIDWAR vs. THE INCOME TAX OFFICER, WARD-3, HARIDWAR

In the result, the appeal filed by the assessee is allowed

271(1) (C) of Rs. 1370000/- has been imposed against the assessee. (2) It is hereby submitted that penalty has been imposed against the Law & Fact of case while assessee has applied completion certificate as on 24.03.2012, but the H.D.A Haridwar has been issued compounding certificate, which is the nature of completion certificate since the extra floor which has constructed

M/S. UTTARAKHAND PURV SAINIK KALYAN NIGAM LTD.,DEHRADUN vs. ITO, DEHRADUN

In the result, both the appeals of the assessee are allowed

exempting the income of Rs 6,84,52,829/- for the Assessment Year 2011-12 in terms of the said Section. 4. That in the facts and circumstances of the case, the order U/s 143(3)/147 dated 25/02/2015 is merely change in opinion'. The action of the Ld. Assessing Officer u/s 148 of the Income

M/S. UTTARAKHAND PURV SAINIK KALYAN NIGAM LTD.,DEHRADUN vs. ITO, DEHRADUN

In the result, both the appeals of the assessee are allowed

exempting the income of Rs 6,84,52,829/- for the Assessment Year 2011-12 in terms of the said Section. 4. That in the facts and circumstances of the case, the order U/s 143(3)/147 dated 25/02/2015 is merely change in opinion'. The action of the Ld. Assessing Officer u/s 148 of the Income