HARIHAR PRASAD,PATNA vs. ITO WARD 4 (4), PATNA

In the result, the appeal filed by the assessee is partly allowed for statistical purposes

Bench: Shri George Mathan & Shri Rakesh Mishra

TDS. The case was selected for scrutiny assessment. The Assessing Office has issued notices under section 143 (2), 143 (2) and 142 (1). 3. The Authorized Representative of the assessee appeared time to time before Assessing Officer and filed written submission also. It was explained before A.O that the compensation received by assessee is exempted from tax as per section

ASHA DEVI L/H OF LATE GYAN CHAND PRASAD,PATNA vs. PR.CIT-1, PATNA

In the result, the appeal of the assessee is allowed

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]

TDS return filed by acquirer but the assessee did not declare any capital gains in its ITR. Accordingly, statutory notices were issued to the assessee and in compliance to such notices, assessee has furnished the following documents at the time of hearing before the AO: “i. Assessee is a farmer and the land which was compulsory on acquisition and compensation

DINA NATH YADAV,PATNA vs. ITO WARD - 4(2), PATNA

Appeal of the assessee is allowed for statistical purposes

Bench: SHRI PRADIP KUAMR CHOUBEY, JUDICIAL MEMBER SHRI SANJAY AWASTHI (Accountant Member)

TDS u/s 194LA 2 Dina Nath Yadav of the Act done by the District Land Acquisition Officer was attracted only when non-agricultural land was involved. The second ground taken by the Ld. CIT(A) was that enquiries made by the Ld. AO u/s 133(6) of the Act revealed that the said land was within the municipal area even

DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE-1, PATNA, PATNA vs. NORTH BIHAR POWER DISTRIBUTION COMPANY LIMITED, PATNA

In the result, the appeals of the Revenue and COs of the assessee are dismissed

Bench: Shri Duvvuru Rl Reddy, Vp & Shri Rajesh Kumar, Am

section. Considering the same, the addition is deleted. Ground No. 8 is allowed.” 8.3. We have heard the rival contentions and perused the materials available on record. We note that the learned CIT (A) in his finding stated that the said amount represented the interest received on advance given to Bajaj Electrical Ltd. It was not a contractual receipt

DCIT, CIRCLE-1, MUZAFFARPUR vs. M/S ASHA REALTY DEVELOPERS PVT LTD, MUZAFFARPUR

In the result, the appeal of the Revenue is dismissed

96,94,221/-.\"\n\n3.4. After hearing the rival contentions and perusing the materials\navailable on record, we find that the learned CIT (A) has recorded a\nfinding that there was no difference between the learned AO and the\nappellant with regard to Percentage Completion stage,salable area,\nbooked area, percentage of booked area as compared to total salable\narea

ACIT, CENTRAL CIRCLE-3, PATNA vs. BROADSON COMMODITIES PVT LTD, DHANBAD

In the result, both the appeals of Revenue are dismissed, whereas the Cross Objections filed by the assessee are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

TDS, TCS and self- assessment tax. Ground No. 10-General in nature. During the course of appellate proceedings appellant raised additional ground which is as under: - “That on the facts and circumstances of the case, the Assessing officer erred in making an addition of Rs. 5,50,00,000/- on the basis of seized documents found in third party

ACIT, CENTRAL CIRCLE-3, PATNA vs. BROADSON COMMODITIES PVT LTD, DHANBAD

In the result, both the appeals of Revenue are dismissed, whereas the Cross Objections filed by the assessee are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

TDS, TCS and self- assessment tax. Ground No. 10-General in nature. During the course of appellate proceedings appellant raised additional ground which is as under: - “That on the facts and circumstances of the case, the Assessing officer erred in making an addition of Rs. 5,50,00,000/- on the basis of seized documents found in third party

JOINT COMMISSIONER INCOME-TAX(IN-SITU), CIRCLE-1, PATNA, PATNA vs. NORTH BIHAR POWER DISTRIBUTION COMPANY LIMITED, PATNA

In the result, the appeals of the Revenue and COs of the\nassessee are dismissed

TDS only in\ncase of income offered to tax, the AO treated remaining interest receipts\nRs.40,96,45,696/- as income of the appellant.”\n12.1.We have heard the rival contentions and perused the\nmaterials available on record. We find that the Id. CIT(A) has\nrecorded the finding the interest has accrued on the grants or\nfunds received from

JCIT(IN-SITU), CIRCLE-1, PATNA., PATNA vs. NORTH BIHAR POWER DISTRIBUTION COMPANY LIMITED, PATNA

In the result, the appeals of the Revenue and COs of the\nassessee are dismissed

TDS only in\ncase of income offered to tax, the AO treated remaining interest receipts\nRs.40,96,45,696/- as income of the appellant.”\n12.1. We have heard the rival contentions and perused the\nmaterials available on record. We find that the Id. CIT(A) has\nrecorded the finding the interest has accrued on the grants or\nfunds received from

I.T.O. vs. M/S KUMAR CONSTRUCLTION,

In the result, the appeal of the Revenue is partly allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

section 271(1)(b) for non-compliance of the notices at the end of the assessee. Ultimately the ld. Assessing Officer gone through the books of account submitted before her and made these two additions by recording the following finding:- “Addition u/s 40A(3) for payments exceeding Rs.20,000/- through bearer cheques:- On perusal of Books

RAVI LOCHAN SINGH,PATNA vs. ACIT, CIRCLE-5, PATNA

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

Bench: SHRI DUVVURU RL REDDY, VICE PRESIDENT SHRI SANJAY AWASTHI (Accountant Member)

96,289/- is confirmed and the appeal of the appellant is dismissed on this ground. Ground No-7 regarding disallowance of Rs. 3,72,000/- on account of legal fee and court expenses on the purchase of property 5D, The Malayalaya. The appellant debited amount of Rs. 1,12,000/- and amount of Rs. 2,60,000/- on account