ACIT, RANGE-I, LUCKNOW vs. M/S APCO INFRATECH PVT. LTD.,, LUCKNOW

dividend income\"\nCIT Vs. Gujrat Power Corporation Ltd. [2013] 352 ITR 583 (Gujarat)- It\nis held if the borrowed funds have not been diverted to earn tax free\nincome provisions section 14A would not apply\nThe Pr. Commissioner of Income Tax vs GVK Project and Technical\nServices Ltd. [2019] 264 Taxman 76 (SC) - The Hon'ble Supreme Court it\nwas

M/S. APCO INFRATECH PVT. LTD.,,LUCKNOW vs. ACIT-I, LUCKNOW

In the result, appeals vide I

dividend income\"\n\nCIT Vs. Gujrat Power Corporation Ltd. [2013] 352 ITR 583 (Gujarat)- It\nis held if the borrowed funds have not been diverted to earn tax free\nincome provisions section 14A would not apply\n\nThe Pr. Commissioner of Income Tax vs GVK Project and Technical\nServices Ltd. [2019] 264 Taxman 76 (SC) - The Hon'ble Supreme Court

ACIT CIRCLE 3, LUCKNOW vs. RAJDHANI NAGAR SAHKARI BANK LTD, LUCKNOW

In the result, the appeal of the assessee in ITA

Bench: Shri Kul Bharat & Before Shri Kul Bharat & Before Shri Kul Bharat & Shri Nikhil Choudharyshri Nikhil Choudharyshri Nikhil Choudharyita Nos. 112 To 114/Lkw/2024 A.Ys. 2015-16 To 2017-18 Rajdhani Nagar Sahkari Rajdhani Nagar Sahkari Vs. Dcit Bank Ltd P.K. Complex, Raja Ram Mohan P.K. Complex, Raja Ram Mohan 555Ga/86, Sardari Khera, 555Ga/86, Sardari Khera, Rai Marg, Lucknow-226001. 226001. Alambagh, Lucknow-226006 226006 Pan:Aaaar1269D (Appellant) (Respondent) (Respondent) A.Y.2016-17 Acit Circle-3 Vs. Rajdhani Nagar Sahkari Bank Rajdhani Nagar Sahkari Bank 57 Ram Tirath Marg Pratyaksh 57 Ram Tirath Marg Pratyaksh Ltd Kar Bhawan, Lucknow Kar Bhawan, Lucknow-226001 555Ga/86, Sardari Khera, 555Ga/86, Sardari Khera, Alambagh, Lucknow-226006 226006 Pan: Aaaar1269D (Appellant) (Respondent) (Respondent) Assessee By: Sh. K.R. Rastogi, C.A. Sh. Shubham Rastogi, C.A. Revenue By: Sh. Sanjeev Krishna Sharma, Addl. Addl. Cit- Dr Date Of Hearing: 28.04.2025 Date Of Pronouncement: Date Of Pronouncement: 22.05.2025 O R D E R Per Bench.: These Four Appeals Have Been Have Been Filed For The Assessment Years 2015 For The Assessment Years 2015-16, 2016- 17 & 2017-18 By The Assessee & Revenue Ssessee & Revenue Against The Respective Orders Of The Respective Orders Of The Ld. Cit(A)/Nfac, Delhi Dated 02.02.2024, 05.02.2024 & 05.02.2024 Delhi Dated 02.02.2024, 05.02.2024 & 05.02.2024. While The Delhi Dated 02.02.2024, 05.02.2024 & 05.02.2024 Assessee Is In Appeal In Assessment Years 2015 Assessee Is In Appeal In Assessment Years 2015-16, 2016-17 & 2017-18, The Revenue 18, The Revenue

deem it appropriate to restore this matter back to the file of the Assessing Officer, with a direction to the Ld. AO to consider the claim in the light of the CBDT Instruction No. 17 dated 26.11.2008 and the case laws cited by the assessee before us and thereafter pass a fresh assessment order in accordance with law. Ground

RAJDHANI NAGAR SAHKARI BANK LTD,LUCKNOW vs. DY.CIT, LUCKNOW

deem it appropriate to restore this matter back to the file of the\nAssessing Officer, with a direction to the Ld. AO to consider the claim in the light of\nthe CBDT Instruction No. 17 dated 26.11.2008 and the case laws cited by the\nassessee before us and thereafter pass a fresh assessment order in accordance with\nlaw. Ground

RAJDHANI NAGAR SAHKARI BANK LTD,LUCKNOW vs. DY. CIT, LUCKNOW

In the result, the appeal of the assessee in ITA

deem it appropriate to restore this matter back to the file of the\nAssessing Officer, with a direction to the Ld. AO to consider the claim in the light of\nthe CBDT Instruction No. 17 dated 26.11.2008 and the case laws cited by the\nassessee before us and thereafter pass a fresh assessment order in accordance with\nlaw. Ground

RAJDHANI NAGAR SAHKARI BANK LTD,LUCKNOW vs. DY.CIT, LUCKNOW

In the result, the appeal of the assessee in ITA

deem it appropriate to restore this matter back to the file of the Assessing Officer, with a direction to the Ld. AO to consider the claim in the light of the CBDT Instruction No. 17 dated 26.11.2008 and the case laws cited by the assessee before us and thereafter pass a fresh assessment order in accordance with law. Ground

ACIT(E), LUCKNOW vs. M/S. BHAGWANT INSTITUTE OF TECHNOLOGY, BIJNOR

In the result, the appeal of the Revenue is partly allowed

dividends to its shareholders. But it does not follow that the Board\nmay not and need not earn of its for the purpose of performing its duties\nand discharging its obligations der the statute. It stands to common sense\nthat the Board must manage. its affairs on sound economic principles.\nHaving ventured into the field of Commerce, no public service

ASSISTANT COMMISSIONER OF INCOME TAX (CENTRAL CIRCLE), BAREILLY vs. VARUNARJUN TRUST, LUCKNOW

In the result, both the appeals are dismissed

Bench: Shri Anadee Nath Misshra & Shri Subhash Malguria

deemed to have been used or applied for the benefit of a person referred to in sub- section (3),— (a) if any part of the income or property of the trust or institution is, or continues to be, lent to any person referred to in sub- section (3) for any period during the previous year without either adequate security

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, BAREILLY, BAREILLY vs. VARUNARJUN TRUST, LUCKNOW

In the result, both the appeals are dismissed

Bench: Shri Anadee Nath Misshra & Shri Subhash Malguria

deemed to have been used or applied for the benefit of a person referred to in sub- section (3),— (a) if any part of the income or property of the trust or institution is, or continues to be, lent to any person referred to in sub- section (3) for any period during the previous year without either adequate security