SMT. SITA KHANDELWAL,BAREILLY vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, BAREILLY

In the result, the appeal of the assessee stands dismissed

Bench: Shri Anadee Nath Misshra & Shri Subhash Malguria

section 54(2) of the Act to deposit whole capital gain in capital gains account but the assessee failed to do so. In view of these facts, the Assessing Officer held that assessee is not eligible for deduction u/s 54F

PREM MANOHAR GUPTA,KANPUR vs. DY. COMMISSIONER OF INCOME TAX-2, KANPUR

In the result, appeal in I

Bench: Shri A. D. Jain & Shri T. S. Kapoor

Capital Gain. The only dispute was that whether against such gains, the assessee could claim deduction under section 54F of the Act on account

PREM MANOHAR GUPTA,KANPUR vs. DY. COMMISSIONER OF INCOME TAX-2, KANPUR

In the result, appeal in I

Bench: Shri A. D. Jain & Shri T. S. Kapoor

Capital Gain. The only dispute was that whether against such gains, the assessee could claim deduction under section 54F of the Act on account

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

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

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

Section 54F claimed in respect of long term capital gain and having fulfilled all prescribed conditions and investment made in construction

SMT. MEENU MALHOTRA,KANPUR vs. INCOME TAX OFFICER- 2(2), KANPUR

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

Bench: Shri T. S. Kapoor

section 143(3) of the Income-tax Act, 1961 dated 10.03.2016 which order is bad in law and be quashed. 2. Because the CIT(A) has erred on facts and in law in upholding the disallowance of Rs.23,59,223/- earned on account of long term capital gains, invested in purchase of residential house claimed exempt u/s.54F, without any basis

KARUNESH KUMAR SHUKLA,LUCKNOW vs. INCOME TAX OFFICER-1(1), LUCKNOW

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

Capital gain when from the deeds it is clear that the share of sale consideration assessable in the hands of the assessee is Rs. 3,38,50,000/- (Total of Rs. 2,41,00,000.00 and Rs. 97,50,000.00). 3. Because without considering the facts and circumstances of the case, the Ld. CIT(A) has erred

KASHMIRI LAL,KANPUR vs. ITO WARD-2(2), KANPUR

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

Bench: Shri. Sudhanshu Srivastavaassessment Year: 2013-14 Kashmiri Lal V. The Ito 126/33, Block Q Ward 2(2) Govind Nagar Kanpur Kanpur Tan/Pan:Asarpl8577C (Appellant) (Respondent) Appellant By: None (Adjournment Application) Respondent By: Shri Sanjeev Krishna Sharma, D.R. Date Of Hearing: 23 07 2024 Date Of Pronouncement: 30 08 2024 O R D E R

capital gains. 3. Aggrieved, the assessee preferred an appeal before the ld. CIT(A). The Addl./JCIT(A)-2, Coimbatore partly allowed the appeal of the assessee, observing that “…..1/4th of the expenses (appellant’s share in the property) is allowed for the purpose of ITA No.293/LKW/2024 Page 2 of 5 deduction under section 54F

AVNEEDRA SINGH RATHORE,KANPUR vs. ITO-1(1), KANPUR, KANPUR

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

Bench: Shri T. S. Kapoor

section 151(2) of the Income Tax Act from the JCIT, the entire assessment are void-abinito and be quashed. 2. Because there being no reason to believe nor there being any material assessment proceeding initiated are bad in law and be quashed. 3. Because the AO as well as CIT(A) has failed to appreciate the fact

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

Capital Gain was computed amounting to Rs.68,98,817/- and claimed deduction u/s 54F of the Income Tax Act against the investment made in house property situated at 57, Laxmanpuri, Indira Nagar, Lucknow. However, Ld. AO rejected the claim of assessee on following ground being details filed in ITR in AL schedule:- i. opp. VikasBhawan, Pant Nagar, Civil Lines, Gonda

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

Capital Gain was computed amounting to Rs.68,98,817/- and claimed deduction u/s 54F of the Income Tax Act against the investment made in house property situated at 57, Laxmanpuri, Indira Nagar, Lucknow. However, Ld. AO rejected the claim of assessee on following ground being details filed in ITR in AL schedule:- i. opp. VikasBhawan, Pant Nagar, Civil Lines, Gonda

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

Capital Gain was computed amounting to Rs.68,98,817/- and claimed deduction u/s 54F of the Income Tax Act against the investment made in house property situated at 57, Laxmanpuri, Indira Nagar, Lucknow. However, Ld. AO rejected the claim of assessee on following ground being details filed in ITR in AL schedule:- i. opp. VikasBhawan, Pant Nagar, Civil Lines, Gonda