SACHIN VERMA,HAPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - II, KANPUR

In the result, all the appeals are allowed

Bench: Shri Anadee Nath Misshra & Shri Subhash Malguria

bogus entries of Long Term Capital Gains (LTCG) by way of sale of shares. It is also the case of the Revenue that during the course of the search operations and post-search investigation, various incriminating documents were found and seized which disclosed that income from sale of shares of penny stock companies was disclosed as LTCG by its beneficiaries

ROSHANI TRIPATHI,LUCKNOW vs. DCIT RANGE 1, LUCKNOW

In the result, the appeal of the assessee stands partly allowed

Bench: Shri Kul Bharat & Shri Anadee Nath Misshra

purchase as bogus if sales are genuine. Revised Additional Grounds of appeal We have to humbly submit that we have filed the above said appeal before the Hon'ble bench, which has now been fixed for hearing on dated 06th March 2024. It is submitted that the ground of appeals as taken are narrative in nature and we wish

ALLIANCE NIRMAAN LIMITED,BAREILLY vs. PCIT, BAREILLY

In the result, the appeal of the assessee is allowed

127 Taxman 87\n(Mag.)(Chd.)(Tribunal)\n20.\nRatlam Coal Ash Co. vs. CIT 171 ITR 141 (MP)\n21.\nBagaria Vegetable Products Ltd. vs. JCIT [2008] 303 ITR (AT)\n278 (Pune)]\n22.\nSaw Pipes Ltd. vs. CIT [2005] 3 SOT 327 (Delhi)\n23.\nBrij Bhushan Agarwal vs. CIT (Agra) 2 SOT 811 (2005)\n24.\nCIT vs. Associated Food Products

KHANDELWAL SOYA INDUSTRIES LIMITED ,RAMPUR vs. ACIT(CENTERAL), BAREILLY

In the result, appeal of the assessee is partly allowed in the\nterms indicated hereinbefore

127 of the Act. The\nassessee is engaged in the business of raw material to make\n'Panjiri' to supply to Government of Uttar Pradesh. The assessee\nhad filed a return of income declaring total income of\nRs.85,88,523/- on 29.10.2002. In this case, a search & seizure\naction was carried out u/s 132 of the Income

KASHI NATH SETH SARRAF PRIVATE LIMITED,HARDOI vs. ACIT, SITAPUR, SITAPUR

In the result, the appeal of the assessee is partly allowed for\nstatistical purposes

127 of the Income Tax Act, 1961 for\ntransferring of Jurisdiction from ITO Hardoi to ACIT Sitapur without which\nthe order passed u/s 143(3) is bad in law.\n\nPRAYER\nAccordingly, the aforesaid ground is purely a legal plea and deserves to be\nadmitted by this Hon'ble Tribunal in view of the decisions as stated below

MOHD. ASFAND AKHTAR,KANPUR vs. DEPUTI COMMISSIONER OF INCOME TAX CC-2, KANPUR

In the result, the appeal of Revenue in ITA

Bench: Shri Sudhanshu Srivastava & Shri Anadee Nath Misshraassessment Year: 2018-19 Dcit, Cc-2 V. Shri Mohammad Asfand Laxmi Niwas, 10/503, Akhtar Allenganj, Kanpur-208001. Plot No.02, Block-B, Scheme-39, Ram Rai Ki Sarai, Jajmau, Kanpur Nagar-208010. Tan/Pan: Aempa0823R (Appellant) (Respondent) Assessment Year: 2018-19 Shri Mohammad Asfand Akhtar V. Dcit, Central Circle-Ii Plot No.02, Block-B, Scheme-39, 10/503, Allenganj, Kanpur- Ram Rai Ki Sarai, Jajmau, 208001. Kanpur Nagar-208010. Tan/Pan: Aempa0823R (Appellant) (Respondent) Appellant By: Shri Ashish Jaiswal, Advocate Respondent By: Shri R. K. Agarwal, Cit(Dr) O R D E R

127 of the IT Act, 1961 dated 24.10.2017 which further was centralized to DCIT, CC-2, Kanpur. 3. The appellant has filed his return of income at Rs. Rs.5,05,50,660/- and the case was selected for scrutiny u/s 143(2) of the IT Act, 1961. 4. That the assessment has been completed u/s 143(3) of the Income

DY.COMMISSIONER OF INCOME TAX,CC-2,, KANPUR vs. SHRI.MOHAMMAD ASFAND AKHTAR, KANPUR

In the result, the appeal of Revenue in ITA

Bench: Shri Sudhanshu Srivastava & Shri Anadee Nath Misshraassessment Year: 2018-19 Dcit, Cc-2 V. Shri Mohammad Asfand Laxmi Niwas, 10/503, Akhtar Allenganj, Kanpur-208001. Plot No.02, Block-B, Scheme-39, Ram Rai Ki Sarai, Jajmau, Kanpur Nagar-208010. Tan/Pan: Aempa0823R (Appellant) (Respondent) Assessment Year: 2018-19 Shri Mohammad Asfand Akhtar V. Dcit, Central Circle-Ii Plot No.02, Block-B, Scheme-39, 10/503, Allenganj, Kanpur- Ram Rai Ki Sarai, Jajmau, 208001. Kanpur Nagar-208010. Tan/Pan: Aempa0823R (Appellant) (Respondent) Appellant By: Shri Ashish Jaiswal, Advocate Respondent By: Shri R. K. Agarwal, Cit(Dr) O R D E R

127 of the IT Act, 1961 dated 24.10.2017 which further was centralized to DCIT, CC-2, Kanpur. 3. The appellant has filed his return of income at Rs. Rs.5,05,50,660/- and the case was selected for scrutiny u/s 143(2) of the IT Act, 1961. 4. That the assessment has been completed u/s 143(3) of the Income