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7 results for “capital gains”+ Demonetizationclear

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Chennai71Jaipur40Panaji29Hyderabad27Delhi23Bangalore17Mumbai17Visakhapatnam13Ahmedabad12Kolkata8Pune8Lucknow7Agra6Rajkot5Cuttack5Surat4Amritsar3Indore3Jodhpur3Raipur3Dehradun2Chandigarh2Cochin1Patna1

Key Topics

Section 689Section 2638Section 143(3)7Addition to Income5Section 115B4Cash Deposit4Section 54F3Deduction3Section 133A2Section 69

SUBHASH JAISWAL ASSOCIATES,BAREILLY vs. PCIT BAREILLY, BAREILLY

ITA 100/LKW/2022[2017-18]Status: DisposedITAT Lucknow11 Dec 2025AY 2017-18
Section 143(3)Section 263

demonetization period.\nii) AO did not enquire about the details of license issued to him for the\ntrading of liquor.\niii) AO did not examine about genuineness and creditworthiness of the\npersons who had id given given unsecured unsecured loans of Rs.2.99\ncrores to the assessee. Further, no enquiry were made by the AO\nregarding the genuineness and correctness

MR. ADITYA KUMAR,LUCKNOW vs. ITO-1(1), LUCKNOW

In the result, the appeal of the assessee stands allowed for statistical purposes

ITA 22/LKW/2024[2017-18]Status: DisposedITAT Lucknow28 May 2024AY 2017-18

Bench: Shri Sudhanshu Srivastavaa.Y. 2017-18 Mr. Aditya Kumar, Vs. Income Tax Officer-1(1), 1, Anora, Amausi, Lucknow Lucknow-226008 Pan Bfapok 7298L (Appellant) (Respondent) Appellant By Shri Siddharth Kohli, Advocate Respondent By Shri Sanjeev Krishna Sharma, Addl. Cit(Dr) Date Of Hearing 16/05/2024 Date Of Pronouncement 28/05/2024 O R D E R

2
Section 69A2
Long Term Capital Gains2
Section 115BSection 142(1)(i)Section 144Section 45Section 50CSection 69Section 69A

capital gains arising out of the demonetization period viz. 08-11-2016 to 30-12-2016. Accordingly, the capital gains

AYYUB JAFRI,LUCKNOW vs. DY. COMMISSIONER OF INCOME TAX-6, LUCKNOW

In the result, the appeal of the assessee is allowed for statistical purposes

ITA 177/LKW/2025[2016-17]Status: DisposedITAT Lucknow26 Sept 2025AY 2016-17

Bench: SH. SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER AND SH. NIKHIL CHOUDHARY (Accountant Member)

For Appellant: NoneFor Respondent: Sh. Amit Kumar, DR
Section 143(3)Section 54FSection 80J

capital gain and having fulfilled all prescribed conditions and investment made in construction of residential house amounting to Rs.12033877.00/- in the present case during March 2015 F.Y. 2015-16 as well as till 31st July 2016 which is within prescribed period of sometime before and three years from the date of sale. 3. Because on the facts

PRADEEP KUMAR,LUCKNOW vs. ACIT-1, LUCKNOW

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

ITA 198/LKW/2024[2017-18]Status: DisposedITAT Lucknow04 Sept 2024AY 2017-18

Bench: Shri G. D. Padamahshali & Shri Subhash Malguriaassessment Year: 2017-18 Pradeep Kumar V. The Acit-1 A-1/46, Vikas Khand Lucknow Gomti Nagar Lucknow Pan:Ablpk8392B (Appellant) (Respondent) Appellant By: Shri Vijay Prakash Agrawal, Adv. Respondent By: Shri Sanjeev Krishna Sharma, D.R. Date Of Hearing: 10 07 2024 Date Of Pronouncement: 04 09 2024 O R D E R

For Appellant: Shri Vijay Prakash Agrawal, AdvFor Respondent: Shri Sanjeev Krishna Sharma, D.R
Section 143(3)Section 37Section 68

capital gain at Rs.5,90,244/-. On the total turnover of Rs.31,47,84,794/-, assessee declared gross profit at Rs.1,97,08,882/- and net profit at Rs.1,60,82,364/-. The ITA No.198/LKW/2024 Page 3 of 13 Assessing Officer completed the assessment under section 143(3) of the Act by making addition of Rs.1,50,00,000/- under

M/S. MAA RAKLTDANTIKA CONTRACTORS AND SUPPLIERS PVT. LTD.,,LUCKNOW vs. THE DCIT/ACIT, RANGE-4, LUCKNOW

In the result, the appeal filed by the Revenue is dismissed and the appeal filed by the assessee is allowed for statistical purposes

ITA 384/LKW/2020[2017-18]Status: DisposedITAT Lucknow30 Sept 2024AY 2017-18

Bench: Shri Anadee Nath Misshra & Shri Subhash Malguria

Section 143(3)Section 28(2)(i)Section 68

demonetization and sale proceeds were already being deposited in bank on a regular basis. The sales have been made from the period 07/09/2016 to 06/11/2016. Month Cash Sales Deposited in Bank September, 2016 Rs.7,07,20,900 October, 2016 Rs.3,37,34,209 November, 2016 Rs.13,57,68,200 Moreover, there can be no comparison of cash sales with that

ACIT, RANGE-1, LUCKNOW vs. MAA RAKTDANTIKA CONTRACTORS AND SUPPLIERS PVT. LTD., LUCKNOW

In the result, the appeal filed by the Revenue is dismissed and the appeal filed by the assessee is allowed for statistical purposes

ITA 437/LKW/2020[2017-18]Status: DisposedITAT Lucknow30 Sept 2024AY 2017-18

Bench: Shri Anadee Nath Misshra & Shri Subhash Malguria

Section 143(3)Section 28(2)(i)Section 68

demonetization and sale proceeds were already being deposited in bank on a regular basis. The sales have been made from the period 07/09/2016 to 06/11/2016. Month Cash Sales Deposited in Bank September, 2016 Rs.7,07,20,900 October, 2016 Rs.3,37,34,209 November, 2016 Rs.13,57,68,200 Moreover, there can be no comparison of cash sales with that

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, KANPUR., KANPUR vs. M/S. SUSHRUT INSTITUTE OF PLASTIC SURGERY PRIVATE LIMITED, LUCKNOW

The appeal of the Department stands dismissed whereas the Cross Objection of the assessee stands allowed

ITA 30/LKW/2023[2019-20]Status: DisposedITAT Lucknow31 Jul 2025AY 2019-20

Bench: Shri. Sudhanshu Srivastava & Shri Nikhil Choudharyassessment Year: 2019-20 The Acit V. M/S Sushrut Institute Of Plastic Central Circle 2 Surgery Private Limited Kanpur 29, Shahmeena Road Lucknow Tan/Pan:Aaics2582G (Appellant) (Respondent) C.O. No.15/Lkw/2023 [Arising Out Of Ita No.30/Lkw/2023] Assessment Year: 2019-20 M/S Sushrut Institute Of Plastic V. The Acit Surgery Private Limited Central Circle 2 29, Shahmeena Road Kanpur Lucknow Tan/Pan:Aaics2582G (Cross - Objector) (Respondent)

For Appellant: Shri Ashish Jaiswal AdvocateFor Respondent: Shri Sunil Kumar Rajwanshi, D.R
Section 115BSection 133ASection 142ASection 143(3)Section 2(24)(x)Section 271ASection 36(1)(va)Section 69Section 69A

demonetization year i.e. 31.03.2017, total cash receipts shown by appellant are much more than the cash receipts found in these impounded material. Therefore the conclusion of Ld. AO that the entire amount reflected in these impounded annexures was unaccounted is baseless and hence the same is hereby discarded. 6.12 Looking to the facts and circumstances of the case addition