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

transfer plots, building and other properties of the Board or of the State Government placed under the control and management of the Board. f) To organize and run workshops and stores for the manufacture and stock piling of building materials. g) On such terms and conditions as may be agreed upon between the Board and the State Government, to declare

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

transfer plots, building and other properties of the Board or of the State Government placed under the control and management of the Board. f) To organize and run workshops and stores for the manufacture and stock piling of building materials. g) On such terms and conditions as may be agreed upon between the Board and the State Government, to declare

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

transfer plots, building and other properties of the Board or of the State Government placed under the control and management of the Board. f) To organize and run workshops and stores for the manufacture and stock piling of building materials. g) On such terms and conditions as may be agreed upon between the Board and the State Government, to declare

RAJDHANI NAGAR SAHKARI BANK LTD,LUCKNOW vs. DY.CIT RANGE-6, LUCKNOW

In the result, both the appeals in ITA Nos

price\nmore than its face value. Therefore, the premium paid had to be amortized over the\nperiod Held to Maturity (HTM) investment. The ld. ARs quoted from CBDT\nInstruction No. 17 dated 26.11.2008 and pointed out that the said instructions of the\nCBDT had been followed in the case of CIT and Other vs. Vysya Bank Limited 186\nDTR Page

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

viii. Without prior approval of State Government, no regulations and bye laws can be made - Section 56 and Section 57 of UPUPDA. Learned counsel for the assessee submitted that the assessee is engaged in providing houses and public utility services in the area of Lucknow and is empowered to acquire lands and develop them into plots and houses

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

viii. Without prior approval of State Government, no regulations and bye laws can be made - Section 56 and Section 57 of UPUPDA. Learned counsel for the assessee submitted that the assessee is engaged in providing houses and public utility services in the area of Lucknow and is empowered to acquire lands and develop them into plots and houses

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

viii. Without prior approval of State Government, no regulations and bye laws can be made - Section 56 and Section 57 of UPUPDA. Learned counsel for the assessee submitted that the assessee is engaged in providing houses and public utility services in the area of Lucknow and is empowered to acquire lands and develop them into plots and houses

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

viii. Without prior approval of State Government, no regulations and bye laws can be made - Section 56 and Section 57 of UPUPDA. Learned counsel for the assessee submitted that the assessee is engaged in providing houses and public utility services in the area of Lucknow and is empowered to acquire lands and develop them into plots and houses

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

viii. Without prior approval of State Government, no regulations and bye laws can be made - Section 56 and Section 57 of UPUPDA. Learned counsel for the assessee submitted that the assessee is engaged in providing houses and public utility services in the area of Lucknow and is empowered to acquire lands and develop them into plots and houses

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

price has all the elements of being an activity in the nature of trade, commerce or business. (Para 8 of A.O.’s order) The Respondent has also put to auction certain properties viii. which are detailed in Para 9 of A.O.’s order. Though details of all auction properties were not furnished, yet the A.O. after examining what ever little

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

price has all the elements of being an activity in the nature of trade, commerce or business. (Para 8 of A.O.’s order) The Respondent has also put to auction certain properties viii. which are detailed in Para 9 of A.O.’s order. Though details of all auction properties were not furnished, yet the A.O. after examining what ever little

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

price has all the elements of being an activity in the nature of trade, commerce or business. (Para 8 of A.O.’s order) The Respondent has also put to auction certain properties viii. which are detailed in Para 9 of A.O.’s order. Though details of all auction properties were not furnished, yet the A.O. after examining what ever little

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

price has all the elements of being an activity in the nature of trade, commerce or business. (Para 8 of A.O.’s order) The Respondent has also put to auction certain properties viii. which are detailed in Para 9 of A.O.’s order. Though details of all auction properties were not furnished, yet the A.O. after examining what ever little

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

price has all the elements of being an activity in the nature of trade, commerce or business. (Para 8 of A.O.’s order) The Respondent has also put to auction certain properties viii. which are detailed in Para 9 of A.O.’s order. Though details of all auction properties were not furnished, yet the A.O. after examining what ever little

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

price has all the elements of being an activity in the nature of trade, commerce or business. (Para 8 of A.O.’s order) The Respondent has also put to auction certain properties viii. which are detailed in Para 9 of A.O.’s order. Though details of all auction properties were not furnished, yet the A.O. after examining what ever little

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

price has all the elements of being an activity in the nature of trade, commerce or business. (Para 8 of A.O.’s order) The Respondent has also put to auction certain properties viii. which are detailed in Para 9 of A.O.’s order. Though details of all auction properties were not furnished, yet the A.O. after examining what ever little

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

price has all the elements of being an activity in the nature of trade, commerce or business. (Para 8 of A.O.’s order) The Respondent has also put to auction certain properties viii. which are detailed in Para 9 of A.O.’s order. Though details of all auction properties were not furnished, yet the A.O. after examining what ever little

DCIT, RANGE-3, LUCKNOW vs. M/S. PRAYAGRAJ POWER GENERATION COMPANY LTD.,, NOIDA

In the result, ground no. 1 of appeal is dismissed and ground no

Bench: Shri Kul Bharat & Shri Anadee Nath Misshra

6 I.T.A. No.393/Lkw/2020 Assessment Year:2016-17 7 I.T.A. No.393/Lkw/2020 Assessment Year:2016-17 8 (B.1) In the aforesaid assessment order, the book profit was determined at Rs.24,89,78,030/- as against loss of Rs.20,39,17,618/- shown by the assessee in the return filed. In the aforesaid assessment order, the Assessing Officer made an addition of Rs.42

INCOME TAX OFFICER-3(4), KANPUR vs. SHRI SANTOSH KUMAR AGARWAL, KANPUR

In the result, the appeal of the Revenue is dismissed

Bench: Shri T. S. Kapoor

10(38) of tie Income Tax Act, 1961 was disallowed by invoking section 69A from IT Act but AO did not evolve the matter further to prove as to how these sections are applicable on facts of this case to tax this amount as income from the undisclosed sources of the assessee. No addition can be made in assessment without