SH. SUKHVINDER SINGH,KANPUR vs. PR CIT, CENTRAL, KANPUR

In the result, both appeals filed by the assessee are allowed for statistical purposes

gain on sale of shares of M/s. Blue Circle Services Ltd on face value, without independent inquiry. The Ld. PCIT was of the view that the assessment order passed by the Assessing Officer showed non-application of mind on the documents and materials on record. The Ld. PCIT passed order dated 17.03.2020 under section 263 of the Act whereby

SH. SUKHVINDER SINGH,KANPUR vs. PR CIT, CENTRAL, KANPUR

In the result, both appeals filed by the assessee are allowed for statistical purposes

Bench: Shri Kul Bharat & Shri Anadee Nath Misshra

gain on sale of shares of M/s. Blue Circle Services Ltd on face value, without independent inquiry. The Ld. PCIT was of the view that the assessment order passed by the Assessing Officer showed non-application of mind on the documents and materials on record. The Ld. PCIT passed order dated 17.03.2020 under section 263 of the Act whereby

DCIT, RANGE-6, LUCKNOW vs. M/S. U.P. STATE SUGAR CORPORATION LTD.,, LUCKNOW

In the result, the appeals of the Revenue are dismissed and the appeal of the assessee is partly allowed for statistical purposes

Bench: Shri Kul Bharat & Shri Anadee Nath Misshra

282 (Delhi)/(2014) 90 CCH 081- DEL (vide order dated 05/09/2014 in I.T.A. No.486 and 299/2014). It will be helpful to read the following portion of the order of Hon'ble Delhi High Court in the case of CIT vs. Holcim India P. Ltd. (supra): “14. On the issue whether the respondent-assessee could have earned dividend income and even

DCIT, LUCKNOW vs. M/S U.P. STATE SUGAR CORPORATION LTD., LUCKNOW

In the result, the appeals of the Revenue are dismissed and the appeal of the assessee is partly allowed for statistical purposes

Bench: Shri Kul Bharat & Shri Anadee Nath Misshra

282 (Delhi)/(2014) 90 CCH 081- DEL (vide order dated 05/09/2014 in I.T.A. No.486 and 299/2014). It will be helpful to read the following portion of the order of Hon'ble Delhi High Court in the case of CIT vs. Holcim India P. Ltd. (supra): “14. On the issue whether the respondent-assessee could have earned dividend income and even

DCIT, LUCKNOW vs. M/S U.P. STATE SUGAR CORPORATION LTD., LUCKNOW

In the result, the appeals of the Revenue are dismissed and the appeal of the assessee is partly allowed for statistical purposes

Bench: Shri Kul Bharat & Shri Anadee Nath Misshra

282 (Delhi)/(2014) 90 CCH 081- DEL (vide order dated 05/09/2014 in I.T.A. No.486 and 299/2014). It will be helpful to read the following portion of the order of Hon'ble Delhi High Court in the case of CIT vs. Holcim India P. Ltd. (supra): “14. On the issue whether the respondent-assessee could have earned dividend income and even

DCIT, LUCKNOW vs. M/S U.P. STATE SUGAR CORPORATION LTD., LUCKNOW

In the result, the appeals of the Revenue are dismissed and the appeal of the assessee is partly allowed for statistical purposes

Bench: Shri Kul Bharat & Shri Anadee Nath Misshra

282 (Delhi)/(2014) 90 CCH 081- DEL (vide order dated 05/09/2014 in I.T.A. No.486 and 299/2014). It will be helpful to read the following portion of the order of Hon'ble Delhi High Court in the case of CIT vs. Holcim India P. Ltd. (supra): “14. On the issue whether the respondent-assessee could have earned dividend income and even

U.P. STATE SUGAR CORPORATION LTD.,LUCKNOW vs. DCIT, RANGE-VI, LUCKNOW

In the result, the appeals of the Revenue are dismissed and the appeal of the assessee is partly allowed for statistical purposes

Bench: Shri Kul Bharat & Shri Anadee Nath Misshra

282 (Delhi)/(2014) 90 CCH 081- DEL (vide order dated 05/09/2014 in I.T.A. No.486 and 299/2014). It will be helpful to read the following portion of the order of Hon'ble Delhi High Court in the case of CIT vs. Holcim India P. Ltd. (supra): “14. On the issue whether the respondent-assessee could have earned dividend income and even

INCOME TAX OFFICER, GONDA vs. M/S. CANE DEVELOPMENT COUNCIL, BALRAMPUR

In the result, all the appeals of the Revenue in ITA Nos

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

gains of the business”. However, the assessee had earned income from commission and interest on deposits of surplus funds available with it. Thereafter, the ld. AO applying the case of the Hon’ble Supreme Court in the case of Totgars Cooperative Sale Society Limited vs. Income Tax Officer (2010) 322 ITR 283, held that since the two incomes

INCOME TAX OFFICER, GONDA vs. M/S COOPERATIVE CANE DEVELOPMENT UNION LTD, BALRAMPUR, BALRAMPUR

In the result, all the appeals of the Revenue in ITA Nos

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

gains of the business”. However, the assessee had earned income from commission and interest on deposits of surplus funds available with it. Thereafter, the ld. AO applying the case of the Hon’ble Supreme Court in the case of Totgars Cooperative Sale Society Limited vs. Income Tax Officer (2010) 322 ITR 283, held that since the two incomes

INCOME TAX OFFICER, GONDA vs. M/S. CANE DEVELOPMENT COUNCIL, BALRAMPUR

In the result, all the appeals of the Revenue in ITA Nos

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

gains of the business”. However, the assessee had earned income from commission and interest on deposits of surplus funds available with it. Thereafter, the ld. AO applying the case of the Hon’ble Supreme Court in the case of Totgars Cooperative Sale Society Limited vs. Income Tax Officer (2010) 322 ITR 283, held that since the two incomes

M/S RAJ KUMAR SINGH & CO.,LUCKNOW vs. DY. COMMISSIONER OF INCOME TAX, LUCKNOW

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

Bench: Shri Sudhanshu Srivastava & Shri Anadee Nath Misshra

gains and, hence for considering the actual credit or debit balances of the partners of the appellant firm as on 1.4.1989 these entries were, therefore, to be ignored. I hold sc. Now the second question arises whether after ignoring these entries the net result of the partners accounts as on 1.4.1989 gives a credit balance or a debit balance