SHIMLA PROPERTIES,LUCKNOW vs. PR. COMMISSIONER OF INCOME TAX, LUCKNOW

In the result, the appeal filed by the assessee is allowed

Bench: Shri. A. D. Jain & Shri T. S. Kapoorassessment Year: 2012-13 Shimla Properties V. The Pcit 30C, Datiya House Lucknow Khursheed Bagh Lucknow Tan/Pan:Ablfs9732M (Appellant) (Respondent) Appellant By: Shri P. K. Kapoor, C.A. Respondent By: Shri Neeraj Kumar, Cit (Dr) Date Of Hearing: 16 08 2022 Date Of Pronouncement: 01 09 2022 O R D E R

9. BECAUSE the order appealed against is contrary to the facts, law and principles of natural justice. 2. The assessee has also raised the following Additional Grounds: “10. BECAUSE the impugned order passed by the Pr. Commissioner of Income-tax, Lucknow-1 is barred by limitation as specified in sub-section (2) of section 263 of the Income

SANTOSH KUMAR SHUKLA,LUCKNOW vs. ASSESSMENT UNIT, NFAC, NFAC

Bench: Shri. Sudhanshu Srivastavaassessment Year: 2015-16 Santosh Kumar Shukla V. The Assessment Unit 11A/141, Vrindavan Colony Nfac Lucknow (U.P) Tan/Pan:Bawps5372J (Appellant) (Respondent) Appellant By: Shri Shalabh Singh, Advocate Respondent By: Shri Amit Kumar, D.R. O R D E R This Appeal Has Been Preferred By The Assessee Against The Order Dated 12.03.2025 Passed By The National Faceless Appeal Centre (Nfac), Delhi For Assessment Year 2015-16. 2. The Brief Facts Of The Case Are That The Assessee Was An Employee Of Planning Research & Action Division Of State Planning Institute, Since 1993. The Case Of The Assessee Was Reopened Under Section 147 Of The Income Tax Act, 1961 (Hereinafter Called “The Act’) After Issuing Notice Under Section 148A(B) Of The Act, Vide Dated 16.03.2022 For The Reason That The Assessee Had Made Cash Deposits/Time Deposits In His Bank Account. In Response To Notice Under Section Under Section 148 Of The Act, The Assessee Filed His Return Of Income For The Year Under Consideration On 29.04.2022, Declaring A Total Income Of

Properties vs. ACIT 340 CTR 690Bom; Kanakanala Ravinder Reddy v ITO 334 CTR 646 Telangna. Jasjit Singh and Others v Uol 340 CTR P&H Jatinder Singh Bhangu v Uol 339 CTR 473 P&H, Kulwant Singh v Uol 341 CTR 700 P&H. The income tax act being an All India statute the judgments and judicial pronouncements

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

9,00,000/- Stamp Duty value Rs. 82,35,000/- to his son AlokPandey (PAN-CZZPP5325B). Considering the provision of Sec. 50C, the liability of Long Term Capital Gain was computed amounting to Rs.68,98,817/- and claimed deduction u/s 54F of the Income Tax Act against the investment made in house property situated at 57, Laxmanpuri, Indira Nagar, Lucknow

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

9,00,000/- Stamp Duty value Rs. 82,35,000/- to his son AlokPandey (PAN-CZZPP5325B). Considering the provision of Sec. 50C, the liability of Long Term Capital Gain was computed amounting to Rs.68,98,817/- and claimed deduction u/s 54F of the Income Tax Act against the investment made in house property situated at 57, Laxmanpuri, Indira Nagar, Lucknow

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

9,00,000/- Stamp Duty value Rs. 82,35,000/- to his son AlokPandey (PAN-CZZPP5325B). Considering the provision of Sec. 50C, the liability of Long Term Capital Gain was computed amounting to Rs.68,98,817/- and claimed deduction u/s 54F of the Income Tax Act against the investment made in house property situated at 57, Laxmanpuri, Indira Nagar, Lucknow

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 boards, urban development authorities, various boards (like tea board, coffee board, rubber board etc.), enjoyed blanket exemption from tax under Section 10 of the Act and their incomes did not form part of the taxable income. These provisions were contained in clauses (20), (20A),(22A), (23) etc. Of Section 10 of the Act. 8. However, these provisions were omitted

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 boards, urban development authorities, various boards (like tea board, coffee board, rubber board etc.), enjoyed blanket exemption from tax under Section 10 of the Act and their incomes did not form part of the taxable income. These provisions were contained in clauses (20), (20A),(22A), (23) etc. Of Section 10 of the Act. 8. However, these provisions were omitted

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 boards, urban development authorities, various boards (like tea board, coffee board, rubber board etc.), enjoyed blanket exemption from tax under Section 10 of the Act and their incomes did not form part of the taxable income. These provisions were contained in clauses (20), (20A),(22A), (23) etc. Of Section 10 of the Act. 8. However, these provisions were omitted

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 boards, urban development authorities, various boards (like tea board, coffee board, rubber board etc.), enjoyed blanket exemption from tax under Section 10 of the Act and their incomes did not form part of the taxable income. These provisions were contained in clauses (20), (20A),(22A), (23) etc. Of Section 10 of the Act. 8. However, these provisions were omitted

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 boards, urban development authorities, various boards (like tea board, coffee board, rubber board etc.), enjoyed blanket exemption from tax under Section 10 of the Act and their incomes did not form part of the taxable income. These provisions were contained in clauses (20), (20A),(22A), (23) etc. Of Section 10 of the Act. 8. However, these provisions were omitted

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 boards, urban development authorities, various boards (like tea board, coffee board, rubber board etc.), enjoyed blanket exemption from tax under Section 10 of the Act and their incomes did not form part of the taxable income. These provisions were contained in clauses (20), (20A),(22A), (23) etc. Of Section 10 of the Act. 8. However, these provisions were omitted

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 boards, urban development authorities, various boards (like tea board, coffee board, rubber board etc.), enjoyed blanket exemption from tax under Section 10 of the Act and their incomes did not form part of the taxable income. These provisions were contained in clauses (20), (20A),(22A), (23) etc. Of Section 10 of the Act. 8. However, these provisions were omitted

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 boards, urban development authorities, various boards (like tea board, coffee board, rubber board etc.), enjoyed blanket exemption from tax under Section 10 of the Act and their incomes did not form part of the taxable income. These provisions were contained in clauses (20), (20A),(22A), (23) etc. Of Section 10 of the Act. 8. However, these provisions were omitted

SHRI KINGSHUK GHOSHAL,LUCKNOW vs. INCOME TAX OFFICER-6(5), LUCKNOW

The appeal of the assessee stands allowed

Bench: Shri. Sudhanshu Srivastavaassessment Year: 2012-13 Shri Kinghshuk Ghoshal V. The Ito 6(5) E-402, Halwasiya Utsav Enclave Lucknow Opposite Hal, Faizabad Road Lucknow Tan/Pan:Affpg3258L (Appellant) (Respondent) Appellant By: Shri P. K. Kapoor, C.A. Respondent By: Shri Sunil Kumar Rajwanshi, D.R. O R D E R This Appeal Has Been Preferred By The Assessee Against Order Dated 26.12.2017, Passed By The Learned Commissioner Of Income Tax (Appeal), Lucknow-3 (Ld. Cit(A)) For Assessment Year 2012-13. 2.0 The Brief Facts Of The Case Are That The Assessee Filed His Return Of Income For The Year Under Consideration On 29.11.2012, Declaring A Total Income Of Rs.1,05,233/-. The Case Of The Assessee Was Selected For Scrutiny Under Cass. During The Course Of Assessment Proceedings, The Assessing Officer (Ao) Noticed That The Assessee Was Earning Interest Income From Saving Bank Deposits & Fdrs & That The Assessee Had Claimed Exemption Of Rs.71,54,619/- Under Section 54 Of The Income Tax Act, 1961 (Hereinafter Called “The Act’). During The

section 54F of the Act was a beneficial provision and the Hon'ble Courts have time and again held that such provision has to be construed in a liberal manner for the simple reason that tax payers should be encouraged for either purchasing or for constructing new residential property. The Ld. A.R. also placed reliance on numerous judicial precedents

SHAILENDRA KUMAR SINGH ,HARDOI vs. ITO-3(2),HARDOI-1, HARDOI

In the result, these appeals of the assessee are partly allowed for statistical purposes

Bench: Shri Kul Bharat & Shri Anadee Nath Misshrait(Ss) A. Nos. 795 To 798/Lkw/2024 Assessment Year: 2021-22 Shailendra Kumar Singh Ito-3(2) V. Subhan Khera Sandila, Hardoi- Hardoi-1 241305. Uttar Pradesh-241305. Pan:Cvqps4275L (Appellant) (Respondent) Appellants By: Shri Naeem Khan, Ca Respondent By: Shri Sanjeev Krishna Sharma, Addl. Cit(Dr) O R D E R

House Property’. In support of this assertion, a Interest Certificate has been included. d) Disallowance of Rs 30,614/was made on account of disallowance of deduction under chapter V1-A Actual Facts: The claim referenced above is valid, and supporting documentation has been included for your reference. c) An addition of Rs 7,54,892/was made with respect to agricultural

LUCKNOW DEVELOPMENT AUTHORITY ,LUCKNOW vs. ACIT (E), LUCKNOW

In the result, all the appeals are partly allowed

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

9. Sub-section (2) of Section 20 of UPUPD Act debars the Authority to apply the funds for any purpose other than meeting the expenses in administration of UPUPD Act. 10. Section 41 of UPUPD Act deals with control of State Government of the Authority. 11. Sections 55, 56 and 57 of UPUPD Act deals with the power

LUCKNOW DEVELOPMENT AUTHORITY,LUCKNOW vs. ASSISTANT COMMISSIONER OF INCOME TAX (EXEMPTION), LUCKNOW

In the result, all the appeals are partly allowed

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

9. Sub-section (2) of Section 20 of UPUPD Act debars the Authority to apply the funds for any purpose other than meeting the expenses in administration of UPUPD Act. 10. Section 41 of UPUPD Act deals with control of State Government of the Authority. 11. Sections 55, 56 and 57 of UPUPD Act deals with the power

LUCKNOW DEVELOPMENT AUTHORITY ,LUCKNOW vs. DCIT (E), LUCKNOW

In the result, all the appeals are partly allowed

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

9. Sub-section (2) of Section 20 of UPUPD Act debars the Authority to apply the funds for any purpose other than meeting the expenses in administration of UPUPD Act. 10. Section 41 of UPUPD Act deals with control of State Government of the Authority. 11. Sections 55, 56 and 57 of UPUPD Act deals with the power

LUCKNOW EVELOPMENT AUTHORITY,LUCKNOW vs. I.T.O., LUCKNOW

In the result, all the appeals are partly allowed

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

9. Sub-section (2) of Section 20 of UPUPD Act debars the Authority to apply the funds for any purpose other than meeting the expenses in administration of UPUPD Act. 10. Section 41 of UPUPD Act deals with control of State Government of the Authority. 11. Sections 55, 56 and 57 of UPUPD Act deals with the power