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

property was converted into freehold through registered deed on 24/10/2017. During the assessment proceeding of AY 2014-15, AO has referred the valuation of said property u/s 50C/142A in response to which Valuation Officer, Allahabad has estimated the FMV of lease property as on 04/10/2013 at Rs. 43,46,000/- against actual consideration of Rs. 31,45,000/- vide valuation

ASTT. COMMISSIONER OF INCOME TAX (EXEMPTION), LUCKNOW vs. M/S U.P AWAS EVAM VIKAS PARISHAD, LUCKNOW

In the result, all the grounds taken in the appeals and ground 1 of additional grounds of the Revenue stand dismissed and additional ground

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

section 12AA of the Act, which would be very much indifference to the intention of the legislature. In fact, the assessee authority is working on commercial pattern like a big Page 47 of 242 (UP AWAS EVAM VIKAS PARISHAD) businessman. Even otherwise, if some plots are reserved for economically weaker sections of the society, firstly, there is no parameter that

ASTT. COMMISSIONER OF INCOME TAX (EXEMPTION), LUCKNOW vs. M/S U.P AWAS EVAM VIKAS PARISHAD, LUCKNOW

In the result, all the grounds taken in the appeals and ground 1 of additional grounds of the Revenue stand dismissed and additional ground

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

section 12AA of the Act, which would be very much indifference to the intention of the legislature. In fact, the assessee authority is working on commercial pattern like a big Page 47 of 242 (UP AWAS EVAM VIKAS PARISHAD) businessman. Even otherwise, if some plots are reserved for economically weaker sections of the society, firstly, there is no parameter that

ASTT. COMMISSIONER OF INCOME TAX (EXEMPTION), LUCKNOW vs. M/S U.P AWAS EVAM VIKAS PARISHAD, LUCKNOW

In the result, all the grounds taken in the appeals and ground 1 of additional grounds of the Revenue stand dismissed and additional ground

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

section 12AA of the Act, which would be very much indifference to the intention of the legislature. In fact, the assessee authority is working on commercial pattern like a big Page 47 of 242 (UP AWAS EVAM VIKAS PARISHAD) businessman. Even otherwise, if some plots are reserved for economically weaker sections of the society, firstly, there is no parameter that

ASTT. COMMISIONER OF INCOME TAX (EXEMPTION), LUCKNOW vs. M/S U.P AWAS EVAM VIKAS PARISHAD, LUCKNOW

In the result, all the grounds taken in the appeals and ground 1 of additional grounds of the Revenue stand dismissed and additional ground

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

section 12AA of the Act, which would be very much indifference to the intention of the legislature. In fact, the assessee authority is working on commercial pattern like a big Page 47 of 242 (UP AWAS EVAM VIKAS PARISHAD) businessman. Even otherwise, if some plots are reserved for economically weaker sections of the society, firstly, there is no parameter that

ASTT. COMMISIONER OF INCOME TAX (EXEMPTION), LUCKNOW vs. M/S U.P AWAS EVAM VIKAS PARISHAD, LUCKNOW

In the result, all the grounds taken in the appeals and ground 1 of additional grounds of the Revenue stand dismissed and additional ground

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

section 12AA of the Act, which would be very much indifference to the intention of the legislature. In fact, the assessee authority is working on commercial pattern like a big Page 47 of 242 (UP AWAS EVAM VIKAS PARISHAD) businessman. Even otherwise, if some plots are reserved for economically weaker sections of the society, firstly, there is no parameter that

ASTT. COMMISSIONER OF INCOME TAX (EXEMPTION), LUCKNOW vs. M/S U.P AWAS EVAM VIKAS PARISHAD, LUCKNOW

In the result, all the grounds taken in the appeals and ground 1 of additional grounds of the Revenue stand dismissed and additional ground

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

section 12AA of the Act, which would be very much indifference to the intention of the legislature. In fact, the assessee authority is working on commercial pattern like a big Page 47 of 242 (UP AWAS EVAM VIKAS PARISHAD) businessman. Even otherwise, if some plots are reserved for economically weaker sections of the society, firstly, there is no parameter that

ASTT. COMMISIONER OF INCOME TAX (EXEMPTION), LUCKNOW vs. M/S U.P AWAS EVAM VIKAS PARISHAD, LUCKNOW

In the result, all the grounds taken in the appeals and ground 1 of additional grounds of the Revenue stand dismissed and additional ground

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

section 12AA of the Act, which would be very much indifference to the intention of the legislature. In fact, the assessee authority is working on commercial pattern like a big Page 47 of 242 (UP AWAS EVAM VIKAS PARISHAD) businessman. Even otherwise, if some plots are reserved for economically weaker sections of the society, firstly, there is no parameter that

ASTT. COMMISIONER OF INCOME TAX (EXEMPTION), LUCKNOW vs. M/S U.P AWAS EVAM VIKAS PARISHAD, LUCKNOW

In the result, all the grounds taken in the appeals and ground 1 of additional grounds of the Revenue stand dismissed and additional ground

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

section 12AA of the Act, which would be very much indifference to the intention of the legislature. In fact, the assessee authority is working on commercial pattern like a big Page 47 of 242 (UP AWAS EVAM VIKAS PARISHAD) businessman. Even otherwise, if some plots are reserved for economically weaker sections of the society, firstly, there is no parameter that

M/S AYODHYA DEVELOPMENT AUTHORITY(FORMERLY AYODHYA FAIZABAD DEVELOPMENT AUTHORITY),AYODHYA vs. THE DY. COMMISSIONER OF INCOME TAX (EXEMPTION), LUCKNOW

Bench: Sh. Sudhanshu Srivastava & Sh. Nikhil Choudhary

105/- made by applying the provisions of section 11(6) of Income-tax Act when more than 85% of income was utilized without considering the depreciation as application of funds. 10. The Ld. Commissioner of Income-tax (Appeals) has erred in law and on facts in passing assessment order which is contrary to the facts and law. 11. The appellant

(SMT.) ANJU SINGH,LUCKNOW vs. ASSTT. COMMISSIONER OF INCOME TAX, LUCKNOW

In the result, the appeals for assessment year 2003-04 to 2008-09

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

105, Gaura Bagh, Kursi Road Central Circle 1 Lucknow Lucknow TAN/PAN:AMNPS2089Q (Appellant) (Respondent) Appellant by: Shri Rakesh Garg, Advocate Ms. Sweta Mittal, FCA Respondent by: Shri S. K. Madhuk, CIT (DR) Date of hearing: 07 02 2019 Date of pronouncement: 08 03 2019 O R D E R PER BENCH: This is a group of seven appeals filed

(SMT.) ANJU SINGH,LUCKNOW vs. ASSTT. COMMISSIONER OF INCOME TAX, LUCKNOW

In the result, the appeals for assessment year 2003-04 to 2008-09

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

105, Gaura Bagh, Kursi Road Central Circle 1 Lucknow Lucknow TAN/PAN:AMNPS2089Q (Appellant) (Respondent) Appellant by: Shri Rakesh Garg, Advocate Ms. Sweta Mittal, FCA Respondent by: Shri S. K. Madhuk, CIT (DR) Date of hearing: 07 02 2019 Date of pronouncement: 08 03 2019 O R D E R PER BENCH: This is a group of seven appeals filed

(SMT.) ANJU SINGH,LUCKNOW vs. ASSTT. COMMISSIONER OF INCOME TAX, LUCKNOW

In the result, the appeals for assessment year 2003-04 to 2008-09

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

105, Gaura Bagh, Kursi Road Central Circle 1 Lucknow Lucknow TAN/PAN:AMNPS2089Q (Appellant) (Respondent) Appellant by: Shri Rakesh Garg, Advocate Ms. Sweta Mittal, FCA Respondent by: Shri S. K. Madhuk, CIT (DR) Date of hearing: 07 02 2019 Date of pronouncement: 08 03 2019 O R D E R PER BENCH: This is a group of seven appeals filed

(SMT.) ANJU SINGH,LUCKNOW vs. ASSTT. COMMISSIONER OF INCOME TAX, LUCKNOW

In the result, the appeals for assessment year 2003-04 to 2008-09

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

105, Gaura Bagh, Kursi Road Central Circle 1 Lucknow Lucknow TAN/PAN:AMNPS2089Q (Appellant) (Respondent) Appellant by: Shri Rakesh Garg, Advocate Ms. Sweta Mittal, FCA Respondent by: Shri S. K. Madhuk, CIT (DR) Date of hearing: 07 02 2019 Date of pronouncement: 08 03 2019 O R D E R PER BENCH: This is a group of seven appeals filed

(SMT.) ANJU SINGH,LUCKNOW vs. ASSTT. COMMISSIONER OF INCOME TAX, LUCKNOW

In the result, the appeals for assessment year 2003-04 to 2008-09

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

105, Gaura Bagh, Kursi Road Central Circle 1 Lucknow Lucknow TAN/PAN:AMNPS2089Q (Appellant) (Respondent) Appellant by: Shri Rakesh Garg, Advocate Ms. Sweta Mittal, FCA Respondent by: Shri S. K. Madhuk, CIT (DR) Date of hearing: 07 02 2019 Date of pronouncement: 08 03 2019 O R D E R PER BENCH: This is a group of seven appeals filed

(SMT.) ANJU SINGH,LUCKNOW vs. ASSTT. COMMISSIONER OF INCOME TAX, LUCKNOW

In the result, the appeals for assessment year 2003-04 to 2008-09

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

105, Gaura Bagh, Kursi Road Central Circle 1 Lucknow Lucknow TAN/PAN:AMNPS2089Q (Appellant) (Respondent) Appellant by: Shri Rakesh Garg, Advocate Ms. Sweta Mittal, FCA Respondent by: Shri S. K. Madhuk, CIT (DR) Date of hearing: 07 02 2019 Date of pronouncement: 08 03 2019 O R D E R PER BENCH: This is a group of seven appeals filed

(SMT.) ANJU SINGH,LUCKNOW vs. ASSTT. COMMISSIONER OF INCOME TAX, LUCKNOW

In the result, the appeals for assessment year 2003-04 to 2008-09

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

105, Gaura Bagh, Kursi Road Central Circle 1 Lucknow Lucknow TAN/PAN:AMNPS2089Q (Appellant) (Respondent) Appellant by: Shri Rakesh Garg, Advocate Ms. Sweta Mittal, FCA Respondent by: Shri S. K. Madhuk, CIT (DR) Date of hearing: 07 02 2019 Date of pronouncement: 08 03 2019 O R D E R PER BENCH: This is a group of seven appeals filed

M/S AYODHYA FAIZABAD DEVELOPEMENT AUTHORITY,FAIZABAD vs. DY. COMMISSIONER OF INCOME TAX (EXEMPTION), LUCKNOW

105/- made by applying the provisions of section \n11(6) of Income-tax Act when more than 85% of income was utilized without considering \nthe depreciation as application of funds. \n10. The Ld. Commissioner of Income-tax (Appeals) has erred in law and on facts in passing \nassessment order which is contrary to the facts and law. \n11. The appellant