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

house property situated at \nLucknow at the time of transfer of property that violates the provisions of section 54F \nof Income Tax Act, 1961. \n\n6. Whether on facts and circumstances of the case and in law, the CIT(A) erred in \ndeleting the addition of Rs.1,00,000/- in respect of gift received from father Shri \nSurya Narayan Pandey

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

2)(vii)(b) of the Act, without appreciating that the \nassessee had owned property more than three houses prior to the new \ninvestment in house property donated by violation of provisions of section 54F of \nIncome Tax Act. \n5. Whether on facts and circumstances of the case and in law, the CIT(A) erred in \ndeleting the addition of Rs.37

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

house property\nsituated at 57, Laxmanpuri, Indira Nagar, Lucknow. However, Ld. AO\nrejected the claim of assessee on following ground being details filed in ITR\nin AL schedule:-\ni. opp. VikasBhawan, Pant Nagar, Civil Lines, Gonda\nii. Balrampur\niii. Poly opp. VikasBhawan, Pant Nagar, Civil Lines, Gonda\niv. 57, Laxmanpuri, Indira Nagar, Lucknow\n37\nIgnoring the submission of assessee

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

2,30,000/- 1.3597 Hect. b) (PAN/Aadhar-243864686286) (Mother) Smt. LalitaPandey (PAN-BWPPP5188L) (Spouse) Rs. 1,10,000/- 0.6340 Hect. c) Rakesh Kumar Pandey (PAN: ATIPP6520B) Rs. 34,30,000/- 20.176 Hect. d) Total Rs. 46,60,000/- Further, while declaring agricultural income for relevant year of whole family, assessee offered the same on its Gross Value could not deduct agricultural

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

2,30,000/- 1.3597 Hect. b) (PAN/Aadhar-243864686286) (Mother) Smt. LalitaPandey (PAN-BWPPP5188L) (Spouse) Rs. 1,10,000/- 0.6340 Hect. c) Rakesh Kumar Pandey (PAN: ATIPP6520B) Rs. 34,30,000/- 20.176 Hect. d) Total Rs. 46,60,000/- Further, while declaring agricultural income for relevant year of whole family, assessee offered the same on its Gross Value could not deduct agricultural

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

2,30,000/- 1.3597 Hect. b) (PAN/Aadhar-243864686286) (Mother) Smt. LalitaPandey (PAN-BWPPP5188L) (Spouse) Rs. 1,10,000/- 0.6340 Hect. c) Rakesh Kumar Pandey (PAN: ATIPP6520B) Rs. 34,30,000/- 20.176 Hect. d) Total Rs. 46,60,000/- Further, while declaring agricultural income for relevant year of whole family, assessee offered the same on its Gross Value could not deduct agricultural

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

house under construction and native place Gonda\nconsidering the supporting documents placed on record and genuineness of\ntransaction.\n9. Whether on facts and circumstances of the case and in law, the CIT(A) erred in\ndeleting the addition of Rs.68,98,817/- claimed deduction u/s 54F of the Act – Rs.\n68,98,817/-.\n10. Whether on facts and circumstances

KASHI NATH SETH SARRAF PRIVATE LIMITED,HARDOI vs. ACIT, SITAPUR, SITAPUR

In the result, the appeal of the assessee is partly allowed for\nstatistical purposes

40A(3) and no defect has been pointed out\nby the learned assessing officer in respect of any of\nthe purchase bill.\n\n11.\nThe sales receipts are below Rs 2 lac and are in\naccordance with the Income Tax provisions.There is no\nrequirement of KYC below Rs 2 lac sale and all the\nsales bills are in accordance with