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

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

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

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

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

housing accommodation of various sections of the people and especially for planning and development in the cities, towns and villages. Page 35 of 242 (UP AWAS EVAM VIKAS PARISHAD) It was therefore that they pointed out that they acquired land at nominal rates, developed the same and sell it to general public. It was also their case that they

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

housing accommodation of various sections of the people and especially for planning and development in the cities, towns and villages. Page 35 of 242 (UP AWAS EVAM VIKAS PARISHAD) It was therefore that they pointed out that they acquired land at nominal rates, developed the same and sell it to general public. It was also their case that they

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

housing accommodation of various sections of the people and especially for planning and development in the cities, towns and villages. Page 35 of 242 (UP AWAS EVAM VIKAS PARISHAD) It was therefore that they pointed out that they acquired land at nominal rates, developed the same and sell it to general public. It was also their case that they

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

housing accommodation of various sections of the people and especially for planning and development in the cities, towns and villages. Page 35 of 242 (UP AWAS EVAM VIKAS PARISHAD) It was therefore that they pointed out that they acquired land at nominal rates, developed the same and sell it to general public. It was also their case that they

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

housing accommodation of various sections of the people and especially for planning and development in the cities, towns and villages. Page 35 of 242 (UP AWAS EVAM VIKAS PARISHAD) It was therefore that they pointed out that they acquired land at nominal rates, developed the same and sell it to general public. It was also their case that they

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

housing accommodation of various sections of the people and especially for planning and development in the cities, towns and villages. Page 35 of 242 (UP AWAS EVAM VIKAS PARISHAD) It was therefore that they pointed out that they acquired land at nominal rates, developed the same and sell it to general public. It was also their case that they

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

housing accommodation of various sections of the people and especially for planning and development in the cities, towns and villages. Page 35 of 242 (UP AWAS EVAM VIKAS PARISHAD) It was therefore that they pointed out that they acquired land at nominal rates, developed the same and sell it to general public. It was also their case that they

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

housing accommodation of various sections of the people and especially for planning and development in the cities, towns and villages. Page 35 of 242 (UP AWAS EVAM VIKAS PARISHAD) It was therefore that they pointed out that they acquired land at nominal rates, developed the same and sell it to general public. It was also their case that they

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

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

36,00,000/- on sale of immovable property, made time deposits of Rs. 85 Lacs, made cash deposits of Rs. 29,91,000/- and earned interest of Rs. 4,17,667/-, the ld. AO initiated proceedings for reassessment by issue of notice under section 148 after following the prescribed procedure. The ld. AO records that several opportunities were given

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

In the result, the appeals of the assessee are partly allowed whereas the Cross Objections of the Revenue are partly allowed for statistical purposes

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

section 15 of the said very enactment under the head (function of the Board) (c)Through the appellant Parishad it was the Government of Uttar Pradesh itself that had been carrying on the objects of General Public Utility, in due discharge of its [States] own functions and (d) The State Government had not given up its right to the property

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

In the result, the appeals of the assessee are partly allowed whereas the Cross Objections of the Revenue are partly allowed for statistical purposes

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

section 15 of the said very enactment under the head (function of the Board) (c)Through the appellant Parishad it was the Government of Uttar Pradesh itself that had been carrying on the objects of General Public Utility, in due discharge of its [States] own functions and (d) The State Government had not given up its right to the property

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

In the result, the appeals of the assessee are partly allowed whereas the Cross Objections of the Revenue are partly allowed for statistical purposes

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

section 15 of the said very enactment under the head (function of the Board) (c)Through the appellant Parishad it was the Government of Uttar Pradesh itself that had been carrying on the objects of General Public Utility, in due discharge of its [States] own functions and (d) The State Government had not given up its right to the property

(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

House, IIM Road (Land Only) 30,00,000 Om Narain Singh (iv) PPPL Excess stock 60,00,000 (v) 40,00,000 Baijnath Construction & acquisition of Capital Charitable & ITA No.390 to 396/LKW/2014 Page 29 of 40 (vi) Sanatan Construction & acquisition of Capital 25,00,000 (vii) Cash Seiuzed At various places 25,00,000 (viii) Maa Construction of Building

(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

House, IIM Road (Land Only) 30,00,000 Om Narain Singh (iv) PPPL Excess stock 60,00,000 (v) 40,00,000 Baijnath Construction & acquisition of Capital Charitable & ITA No.390 to 396/LKW/2014 Page 29 of 40 (vi) Sanatan Construction & acquisition of Capital 25,00,000 (vii) Cash Seiuzed At various places 25,00,000 (viii) Maa Construction of Building

(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

House, IIM Road (Land Only) 30,00,000 Om Narain Singh (iv) PPPL Excess stock 60,00,000 (v) 40,00,000 Baijnath Construction & acquisition of Capital Charitable & ITA No.390 to 396/LKW/2014 Page 29 of 40 (vi) Sanatan Construction & acquisition of Capital 25,00,000 (vii) Cash Seiuzed At various places 25,00,000 (viii) Maa Construction of Building

(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

House, IIM Road (Land Only) 30,00,000 Om Narain Singh (iv) PPPL Excess stock 60,00,000 (v) 40,00,000 Baijnath Construction & acquisition of Capital Charitable & ITA No.390 to 396/LKW/2014 Page 29 of 40 (vi) Sanatan Construction & acquisition of Capital 25,00,000 (vii) Cash Seiuzed At various places 25,00,000 (viii) Maa Construction of Building