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. The ld. AO pointed out to the assessee that additional documents were required to examine the claim such as sale / purchase deeds, documents in support of claimed costs of improvement, evidence of deposit of sale consideration into capital gain accounts, bills and vouchers pertaining to cost of house constructed by you, details of parties to whom payments were

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

54F\nof Income Tax Act, 1961.\n\nI.T.A. No.608/Lkw/2024, A.Y. 2020-21 (Revenue’s Appeal)\n\n1. Whether on facts and circumstances of the case and in law, the CIT(A) erred in\ndeleting the addition of Rs.93,93,846/- on account of applying NP rate @ 11% on\ntotal turnover after rejecting the book result shown, in section

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

1,00,000/- being bonafide gift received from his father Shri Surya Narayan Pandey (PAN- BWPPP5138L)who is agriculturist and given such gift on the occasion of construction of residential house under construction and native place Gonda considering the supporting documents placed on record and genuineness of transaction. Issue No. 10 – AY 2021-22 Disallowance of claimed deduction u/s 54F

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

1,00,000/- being bonafide gift received from his father Shri Surya Narayan Pandey (PAN- BWPPP5138L)who is agriculturist and given such gift on the occasion of construction of residential house under construction and native place Gonda considering the supporting documents placed on record and genuineness of transaction. Issue No. 10 – AY 2021-22 Disallowance of claimed deduction u/s 54F

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

1,00,000/- being bonafide gift received from his father Shri Surya Narayan Pandey (PAN- BWPPP5138L)who is agriculturist and given such gift on the occasion of construction of residential house under construction and native place Gonda considering the supporting documents placed on record and genuineness of transaction. Issue No. 10 – AY 2021-22 Disallowance of claimed deduction u/s 54F

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

Bench: Shri Anadee Nath Misshra & Shri Subhash Malguria

disallowance of deduction claimed u/s 54F of the Act, on account of investment in new house property situated at Lucknow without appreciating that the assessee had owned property more than three houses prior to the new investment in house property donated by violation of provisions of section 54F of Income Tax Act, 1961. I.T.A. No.608/Lkw/2024, A.Y. 2020-21 (Revenue

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

1 \nIN THE INCOME TAX APPELLATE TRIBUNAL \nLUCKNOW BENCH ‘A’, LUCKNOW \nBEFORE SHRI ANADEE NATH MISSHRA, ACCOUNTANT MEMBER \nAND \nSHRI SUBHASH MALGURIA, JUDICIAL MEMBER \nI.T.A. Nos.347 to 353/Lkw/2025) \n Assessment year:2014-15 to 19-20 & 22-23 \nRakesh Kumar Pandey, \nS/o Shri Surya Narayan Pandey, \nVill-Devarda, Block-Belsar, \nGonda-271401 \nPAN:ATIPP6520B \n(Appellant) \nVs. A.C.I.T., \nCentral Circle

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

54F\nof Income Tax Act, 1961.\n\nI.T.A. No.608/Lkw/2024, A.Y. 2020-21 (Revenue’s Appeal)\n\n4. Whether on facts and circumstances of the case and in law, the CIT(A) erred in\ndeleting the addition of Rs.1,74,492/- on account of applying NP rate @ 11% on\ntotal turnover, after rejecting the book result shown, as per section

DCIT, CENTRAL CIRCLE-2, LUCKNOW, LUCKNOW vs. RAKESH KUMAR PANDEY, GONDA UP

54F\nof Income Tax Act, 1961.\nI.T.A. No.608/Lkw/2024, A.Y. 2020-21 (Revenue’s Appeal)\n1. Whether on facts and circumstances of the case and in law, the CIT(A) erred in\ndeleting the addition of Rs.1,45,53,688/- on account of applying NP rate @ 11% on\ntotal turnover after rejecting the book result shown, in section

DCIT, CENTRAL CIRCLE-2, LUCKNOW, LUCKNOW vs. RAKESH KUMAR PANDEY, GONDA UP

1 3164654X100/12460146), which is over and above 10%.\n3. Whether on facts and circumstances of the case and in law, the CIT(A) erred in\ndeleting the addition of Rs.68,98,817/- being disallowance of deduction claimed u/s\n54F of the Act, 1961 on account of investment in new house property situated at\nLucknow without appreciating the fact that

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

1. Because the CIT(A) has erred on facts and in law in upholding the order passed under 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