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

INCOME TAX OFFICER-2(3), LUCKNOW vs. U.P AWAS EVAM VIKAS PARISHAD, LUCKNOW

In the result ITA Nos.532 & 533/Lkw/2014 and ITA Nos

44,732/- for the assessment year 2007-08 and at\nRs.225,45,17,400/- in the assessment year 2008-09. The ld. AO analyzed the\nfunctions and powers of the Board as laid down in section 15 of the Uttar Pradesh\nAwas Evam Vikas Parishad Adhiniyam, 1965 (hereinafter known as UPAEVPA,\n1965) and came to the conclusion that a plain

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. 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

M/S K.M.GASES PVT.LTD.(NOW K.M.VYAPAR PVT.LTD),KANPUR vs. DY. CIT-VI, KANPUR

In the result, the appeal of the assessee stands allowed

Bench: Shri. Sudhanshu Srivastava & Shri Nikhil Choudharyassessment Year: 2015-16 M/S K.M. Gases Pvt. Ltd. V. The Dcit-Vi (Now Known As K.M. Vyapar Pvt. Ltd.) Kanpur 11, Moti Bhawan, 52/1, Collectorgant Kanpur (U.P) Tan/Pan: (Appellant) (Respondent) Appellant By: Shri Saurabh Gupta, C.A. Respondent By: Shri R.R.N. Shukla, D.R. O R D E R

house property at Rs.57,41,669/- after claiming deductions under section 24 of the Income Tax Act, 1961 (hereinafter called “the Act’) and had also shown loss of Rs.4,68,861/- from Business/Profession. The Computation of Income filed by the assessee during the course of assessment proceedings also revealed that the assessee had claimed deduction under section

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, KANPUR., KANPUR vs. M/S. SUSHRUT INSTITUTE OF PLASTIC SURGERY PRIVATE LIMITED, LUCKNOW

The appeal of the Department stands dismissed whereas the Cross Objection of the assessee stands allowed

Bench: Shri. Sudhanshu Srivastava & Shri Nikhil Choudharyassessment Year: 2019-20 The Acit V. M/S Sushrut Institute Of Plastic Central Circle 2 Surgery Private Limited Kanpur 29, Shahmeena Road Lucknow Tan/Pan:Aaics2582G (Appellant) (Respondent) C.O. No.15/Lkw/2023 [Arising Out Of Ita No.30/Lkw/2023] Assessment Year: 2019-20 M/S Sushrut Institute Of Plastic V. The Acit Surgery Private Limited Central Circle 2 29, Shahmeena Road Kanpur Lucknow Tan/Pan:Aaics2582G (Cross - Objector) (Respondent)

44,49,581/-, thus totaling to Rs.24,58,88,989/- and this amount is more than Rs.16,82,01,789/- which is sum total of BK-08 to BK-11. Thus after demonetization year i.e. 31.03.2017, total cash receipts shown by appellant are much more than the cash receipts found in these impounded material. Therefore the conclusion

INCOME TAX OFFICER-2(3), LUCKNOW vs. U.P AWAS EVAM VIKAS PARISHAD, LUCKNOW

In the result ITA Nos.532 & 533/Lkw/2014 and ITA Nos

44,732/- for the assessment year 2007-08 and at\nRs.225,45,17,400/- in the assessment year 2008-09. The ld. AO analyzed the\nfunctions and powers of the Board as laid down in section 15 of the Uttar Pradesh\nAwas Evam Vikas Parishad Adhiniyam, 1965 (hereinafter known as UPAEVPA,\n1965) and came to the conclusion that a plain

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

44,22,212\n1,58,87,444\n6.50\n11%\n7%\nErstwhile Scrutiny u/s\n143(3) dt. 23.04.2021\nby NeFAC and adhoc\naddition of Rs.\n25,00,000/- and 43B\ndisallowances of Rs.\n2,57,43,209/-, Ld.\nCIT(A) allowed the\nappeal against original\norder.\n23 \n2019-20\n68,80,79,147\n4,52,65,423\n6.58\n11%\n7%\n2020

TAFSEER AHMAD,LUCKNOW vs. DDIT/ADIT(INTL TAX)LKN, LUCKNOW

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

Bench: Shri. Sudhanshu Srivastava

house property and from other sources. The case of the assessee was selected for scrutiny under CASS. During the course of assessment proceedings, while going through the bank statements, it was noticed by the Assessing Officer (AO) that the assessee had made cash deposits ITA(IT) No.517/LKW/2025 Page 2 of 8 of Rs.14,44,000/- in his bank account No.126301075021

SHYAM SUNDER GUPTA,KANPUR vs. DY. COMMISSIONER OF INCOME TAX-1, KANPUR

In the result, the appeal of the assessee is dismissed

House Property and other source income. The business activities\ncarried out by the assessee remained identical as to those in several\npreceding year and were operated and controlled from the following\nplaces;\n(a) 74/02, Collectorganj. (Office)\n(b) J-9, Site-3, Panki Industrial Area, Kanpur (Godown)\nFollowing grounds have been raised:-\n1. That the assessment famed u/s.143

U.P HOUSING & DEVELOPMENT BOARD,LUCKNOW vs. INCOME TAX OFFICER-2(3), LUCKNOW

In the result ITA Nos.532 & 533/Lkw/2014 and ITA Nos

44,732/- for the assessment year 2007-08 and at Rs.225,45,17,400/- in the assessment year 2008-09. The ld. AO analyzed the functions and powers of the Board as laid down in section 15 of the Uttar Pradesh Awas Evam Vikas Parishad Adhiniyam, 1965 (hereinafter known as UPAEVPA, 1965) and came to the conclusion that a plain