BRAHTAKAR KRISHI SAKH SAHAKARI SAMITI MARYADIT,SAHAJPUR vs. INCOME TAX OFFICER WARD 1(2), JABALPUR

In the result, all the three appeals in ITA Nos

Bench: SH. KUL BHARAT, VICE PRESIDENT AND SH. NIKHIL CHOUDHARY (Accountant Member)

83,23,784/- as against shown in the return of income filed at Rs. 34,53,548 without appreciating that appellant is maintaining proper books of accounts and even otherwise appellant is entitled for deduction under section 80P of the act. 4. The learned Commissioner of Income tax (Appeal) NFAC was not justified in confirming the action of AO with

M/S SAMPOORNA SAMITI,JABALPUR vs. COMMISSIONER OF INCOME TAX (EX), BHOPAL

Bench: Shri N.R.S. Ganesan & Shri Sanjay Arora

83, Tagore Nagar, (Exemptions), 2nd floor, Metro Walk Building, Gwarighat, Jabalpur, Opposite Bittan Market, (M.P.) - 482001 Bhopal (M.P.) - 462016 [PAN: AAIAS 4765K] (Appellant) (Respondent) Assessee by Shri Himanshu Khemuka, Adv. Revenue by Shri Sarabjeet Singh, CIT-DR Date of hearing 24/11/2020 Date of pronouncement 05/02/2021 ORDER Per Sanjay Arora, AM: This is an Appeal by the Assessee directed against

SHRI VINOD KUMAR CHATE,JABALPUR vs. COMMISSIONER OF INCOME TAX-2, JABALPUR

section 50C. In fact, the land had been awarded to the assessee’s father (MC) in 1961 by the State Government, even as the title deed was executed only in 1987. The date of acquisition by him and, thus, the assessee (s. 49), is prior to 1981, so that it is the fair market value (fmv) as on 1.4.1981 that

INCOME TAX OFFICER, WARD-2 (3), JABALPUR vs. SHRI VINOD KUMAR CHATE, JABALPUR

section 50C. In fact, the land had been awarded to the assessee’s father (MC) in 1961 by the State Government, even as the title deed was executed only in 1987. The date of acquisition by him and, thus, the assessee (s. 49), is prior to 1981, so that it is the fair market value (fmv) as on 1.4.1981 that