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

80G(5)(vi) was also sent simultaneously. Both the orders were effective from 01.04.2014. However, Hon’ble ITAT restored the Page 26 of 87 I.T.A. No.619 & 620/Lkw/2024 Assessment year:2015-16 & 16-17 registration and the assessment for AY 2015-16 was completed under section 143(3) at NIL income. Hence on the basis of above facts and circumstances

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

80G(5)(vi) was also sent simultaneously. Both the orders were effective from 01.04.2014. However, Hon’ble ITAT restored the Page 26 of 87 I.T.A. No.619 & 620/Lkw/2024 Assessment year:2015-16 & 16-17 registration and the assessment for AY 2015-16 was completed under section 143(3) at NIL income. Hence on the basis of above facts and circumstances

RAKESH KUMAR PANDEY,GONDA vs. DCIT/ACIT (CENTRAL)-2, LUCKNOW

In the result, the outcome of the appeals and Cross Objections are as under:

Bench: Shri Anadee Nath Misshra & Shri Subhash Malguria

vi)(2) without any revenue effect. Therefore, addition sustained to the extent of Rs. 12,01,000/- u/s 56(2)(vii)(b) may kindly be deleted. Issue No. 3 – AY 2015-16 Ld. CIT(A)-3 sustained the addition Rs. 4738700/- (Rs. 7738700- 3000000) That assessee has acquired lease hold plot measuring at 1279.06 sqm. situated at Khata no. 192/2

RAKESH KUMAR PANDEY,GONDA vs. DCIT/ACIT (CENTRAL)-2, LUCKNOW

In the result, the outcome of the appeals and Cross Objections are as under:

Bench: Shri Anadee Nath Misshra & Shri Subhash Malguria

vi)(2) without any revenue effect. Therefore, addition sustained to the extent of Rs. 12,01,000/- u/s 56(2)(vii)(b) may kindly be deleted. Issue No. 3 – AY 2015-16 Ld. CIT(A)-3 sustained the addition Rs. 4738700/- (Rs. 7738700- 3000000) That assessee has acquired lease hold plot measuring at 1279.06 sqm. situated at Khata no. 192/2

ACIT, CENTRAL CIRCLE-II, LUCKNOW, LUCKNOW vs. RAKESH KUMAR PANDEY, GONDA U.P.

In the result, the outcome of the appeals and Cross Objections are as under:

Bench: Shri Anadee Nath Misshra & Shri Subhash Malguria

vi)(2) without any revenue effect. Therefore, addition sustained to the extent of Rs. 12,01,000/- u/s 56(2)(vii)(b) may kindly be deleted. Issue No. 3 – AY 2015-16 Ld. CIT(A)-3 sustained the addition Rs. 4738700/- (Rs. 7738700- 3000000) That assessee has acquired lease hold plot measuring at 1279.06 sqm. situated at Khata no. 192/2

RAKESH KUMAR PANDEY,GONDA vs. DCIT/ACIT(CENTRAL)-2, LUCKNOW

vi)(2) without any revenue effect.\n32 \nIssue No. 3 – AY 2015-16\nLd. CIT(A)-3 sustained the addition Rs.4738700/- (Rs.7738700-\n3000000)\nThat assessee has acquired lease hold plot measuring at 1279.06 sqm.\nsituated at Khata no. 192/2,Gata no. 447/2, (Part) Civil line, Gonda for\nconsideration of Rs.30,00,000/- against value for stamp duty