DY. COMMISSIONER OF INCOME TAX (CENTRAL CIRCLE), MUZAFFARPUR, MUZAFFARPUR vs. RAJESH KUMAR AGARWAL HUF, MUZAFFARPUR

In the result, the appeals of the revenue as well as that of the\nassessee are dismissed

addition for bogus commission income, also deleted by the CIT(A).", "held": "The Tribunal noted that the assessee's food grain business turnover was fully disclosed and supported by documentation, and that the AO's approach of treating sales as non-genuine while accepting purchases

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, MUZAFFARPUR, MUZAFFARPUR vs. RAJESH KUMAR AGARWAL HUF, MUZAFFARPUR

In the result, the appeals of the revenue as well as that of the assessee are dismissed

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

addition of Rs. 8,96,750/- being bogus commission income. 3. That on the facts and in the circumstances of the case and in law, the Ld. CIT(A)-3, Patna erred in not considering the observation of the Special Auditor, in which he reported that no conclusive evidence regarding exempted sale, exempted purchase

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, MUZAFFARPUR, MUZAFFARPUR vs. RAJESH KUMAR AGARWAL HUF, MUZAFFARPUR

In the result, the appeals of the revenue as well as that of the assessee are dismissed

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

addition of Rs. 8,96,750/- being bogus commission income. 3. That on the facts and in the circumstances of the case and in law, the Ld. CIT(A)-3, Patna erred in not considering the observation of the Special Auditor, in which he reported that no conclusive evidence regarding exempted sale, exempted purchase

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1, PATNA, PATNA vs. SINCON INFRASTRUCTURE PRIVATE LIMITED, PATNA

In the result, the appeal of the Revenue is dismissed

addition of ₹4,98,11,922/- made by the AO concerning unsubstantiated purchases. The assessee, engaged in construction, made these purchases from suppliers who had not filed income tax returns and did not respond to notices. The AO treated these purchases as unproved and added them to the assessee's income.", "held": "The CIT(A) allowed the assessee's appeal

ITO, WARD-2(1), BEGUSARAI, BEGUSARAI vs. MANISH KUMAR MOTANI, KHAGARIA, BIHAR

In the result, the appeal of the Revenue and CO of the Assessee are dismissed

Bench: Shri Duvvuru Rl Reddy, Vp & Shri Rajesh Kumar, Am Ito, Ward 2(1), Begusarai Manish Kumar Motani, 3Rd Floor, G.S. Motors Building, Manish Kumar Motani, Hanuman Har Har Mahadev Chauk, Traders, Mill Road, Khagaria, Vs. Begusarai-851101, Begusarai, Khagaria, Bihari-851204 Bihar-851101 (Appellant) (Respondent) Pan No. Ajjpm4263D Co No. 02/Pat/2025 (Arising In Ita No. 442/Pat/2024 For A.Y. 2017-18) Ito, Ward 2(1), Begusarai Manish Kumar Motani, 3Rd Floor, G.S. Motors Building, Manish Kumar Motani, Hanuman Har Har Mahadev Chauk, Traders, Mill Road, Khagaria, Vs. Begusarai-851101, Begusarai, Khagaria, Bihari-851204 Bihar-851101 (Applicant) (Respondent) Assessee By : S/Shri A.K. Rastogi, S.K. Duta, Ars Revenue By : Shri A.H. Chowdhary, Dr Date Of Hearing: 24.11.2025 Date Of Pronouncement: 26.02.2026

additions and disallowances, hence the same are rejected." In the light of aforesaid observation, the AO ought to have estimated profit on entire turnover including turnover out of books which was incorporated in return of income. Once books were rejected, there was no scope of any other additions/disallowance. The purchase and sale of Matar/Mater Dal and Masoor/Masoor Dal as seen

YASHWANT SINGH,PATNA vs. DCIT, PATNA

In the result, the appeals of the assessee ITA Nos

purchased the agricultural produce from the\nassessee. However, the Assessing Officer was not satisfied with the aforesaid\nstatement given by Shri Ram Prakash Rai and also noted that the said\nstatement was given by Shri Ram Prakash Rai at the instance of the assessee.\nThe Assessing Officer concluded that the assessee had failed to establish that\nthe aforesaid income shown

ACIT, CENTRAL CIRCLE-2, PATNA vs. M/S AL-KARIM EDUCATIONAL TRUST, PATNA

In the result, all the appeals of the revenue i

Bench: Shri Rajpal Yadav, Hon’Ble & Dr. Manish Borad, Hon’Blei.T.A. Nos. 67 & 68/Pat/2021 Assessment Years: 2013-14 & 2014-15 Acit, Central Circle-2, Patna Vs. M/S. A1-Karim Educational Trust Katihar Lane, Bailey Road, Khajpura Patna-800014 (Pan: Aaatm6309G) (Appellant) (Respondent) &

bogus claim for exemption U/s. 10(23C) of the Income Tax Act, 1961. A letter for cancellation of registration for exemption has been written by the concerned Assessing Officer, Central Circle - 2, Patna to the Principle Chief Commissioner of Income Tax, Bihar & Jharkhand (copy enclosed for kind reference).” This part of the remand report relating to the AI-Karim Educational

ACIT, CENTRAL CIRCLE-2, PATNA vs. NUZHAT NASREEN, L/H AHMAD ASHFAQUEKARIM OF NUZHAT NASREEN, PATNA

In the result, all the appeals of the revenue i

Bench: Shri Rajpal Yadav, Hon’Ble & Dr. Manish Borad, Hon’Blei.T.A. Nos. 67 & 68/Pat/2021 Assessment Years: 2013-14 & 2014-15 Acit, Central Circle-2, Patna Vs. M/S. A1-Karim Educational Trust Katihar Lane, Bailey Road, Khajpura Patna-800014 (Pan: Aaatm6309G) (Appellant) (Respondent) &

bogus claim for exemption U/s. 10(23C) of the Income Tax Act, 1961. A letter for cancellation of registration for exemption has been written by the concerned Assessing Officer, Central Circle - 2, Patna to the Principle Chief Commissioner of Income Tax, Bihar & Jharkhand (copy enclosed for kind reference).” This part of the remand report relating to the AI-Karim Educational

ACIT, CENTRAL CIRCLE-2, PATNA vs. M/S AL-KARIM EDUCATIONAL TRUST, PATNA

In the result, all the appeals of the revenue i

Bench: Shri Rajpal Yadav, Hon’Ble & Dr. Manish Borad, Hon’Blei.T.A. Nos. 67 & 68/Pat/2021 Assessment Years: 2013-14 & 2014-15 Acit, Central Circle-2, Patna Vs. M/S. A1-Karim Educational Trust Katihar Lane, Bailey Road, Khajpura Patna-800014 (Pan: Aaatm6309G) (Appellant) (Respondent) &

bogus claim for exemption U/s. 10(23C) of the Income Tax Act, 1961. A letter for cancellation of registration for exemption has been written by the concerned Assessing Officer, Central Circle - 2, Patna to the Principle Chief Commissioner of Income Tax, Bihar & Jharkhand (copy enclosed for kind reference).” This part of the remand report relating to the AI-Karim Educational

ACIT CENTRAL CIRCLE-2, PATNA vs. AHMAD ASHFAQUE KARIM, PATNA

In the result, all the appeals of the revenue i

Bench: Shri Rajpal Yadav, Hon’Ble & Dr. Manish Borad, Hon’Blei.T.A. Nos. 67 & 68/Pat/2021 Assessment Years: 2013-14 & 2014-15 Acit, Central Circle-2, Patna Vs. M/S. A1-Karim Educational Trust Katihar Lane, Bailey Road, Khajpura Patna-800014 (Pan: Aaatm6309G) (Appellant) (Respondent) &

bogus claim for exemption U/s. 10(23C) of the Income Tax Act, 1961. A letter for cancellation of registration for exemption has been written by the concerned Assessing Officer, Central Circle - 2, Patna to the Principle Chief Commissioner of Income Tax, Bihar & Jharkhand (copy enclosed for kind reference).” This part of the remand report relating to the AI-Karim Educational

M/S PSP TRADING PVT LTD,PATNA vs. ITO, WARD- 2 (1), PATNA

In the result, the appeal of the assessee is allowed

bogus and fictitious purchases worth of\n₹49,98,500/- during the year from Divine Alloys & Power Co. Ltd. without actual supply of materials . The assessee filed the return of income on 07.10.2022, declaring total income of ₹48,13,280/-. The assessee replied the detailed questionnaire issued by the learned AO by furnishing all the evidences in support

AMAR KASERA (HUF),PATNA vs. ACIT CENTRAL CIRCLE-1, PATNA

In the result, all the captioned appeals of the assessee stand allowed

Bench: Sri Sanjay Garg & Shri Sanjay Awasthi

purchased shares via private placement from a company that later amalgamated with another listed company on Bombay Stock Exchange - After amalgamation, share prices rose sharply due to speculative activities - Based on findings from Investigation Wing which identified listed company as a bogus penny stock, Assessing Officer added assessee's Long-Term Capital Gains as undisclosed income under section 68 - Commissioner

AMAR KASERA (HUF),PATNA vs. ACIT CENTRAL CIRCLE-1, PATNA

In the result, all the captioned appeals of the assessee stand allowed

Bench: Sri Sanjay Garg & Shri Sanjay Awasthi

purchased shares via private placement from a company that later amalgamated with another listed company on Bombay Stock Exchange - After amalgamation, share prices rose sharply due to speculative activities - Based on findings from Investigation Wing which identified listed company as a bogus penny stock, Assessing Officer added assessee's Long-Term Capital Gains as undisclosed income under section 68 - Commissioner

AMAR KASERA (HUF),PATNA vs. ACIT CENTRAL CIRCLE-1, PATNA

In the result, all the captioned appeals of the assessee stand allowed

Bench: Sri Sanjay Garg & Shri Sanjay Awasthi

purchased shares via private placement from a company that later amalgamated with another listed company on Bombay Stock Exchange - After amalgamation, share prices rose sharply due to speculative activities - Based on findings from Investigation Wing which identified listed company as a bogus penny stock, Assessing Officer added assessee's Long-Term Capital Gains as undisclosed income under section 68 - Commissioner

AMAR KASERA (HUF),PATNA vs. ACIT CENTRAL CIRCLE-1, PATNA

In the result, all the captioned appeals of the assessee stand allowed

Bench: Sri Sanjay Garg & Shri Sanjay Awasthi

purchased shares via private placement from a company that later amalgamated with another listed company on Bombay Stock Exchange - After amalgamation, share prices rose sharply due to speculative activities - Based on findings from Investigation Wing which identified listed company as a bogus penny stock, Assessing Officer added assessee's Long-Term Capital Gains as undisclosed income under section 68 - Commissioner

AMAR KASERA (HUF),PATNA vs. ACIT CENTRAL CIRCLE-1, PATNA

In the result, all the captioned appeals of the assessee stand allowed

Bench: Sri Sanjay Garg & Shri Sanjay Awasthi

purchased shares via private placement from a company that later amalgamated with another listed company on Bombay Stock Exchange - After amalgamation, share prices rose sharply due to speculative activities - Based on findings from Investigation Wing which identified listed company as a bogus penny stock, Assessing Officer added assessee's Long-Term Capital Gains as undisclosed income under section 68 - Commissioner

ACIT, CIRCLE-2, PATNA vs. SHREE NANAK FERRO ALLOYS PVT LTD, JAMSHEDPUR

In the result, the appeal of the Revenue is dismissed

Bench: Shri Duvvuru Rl Reddy, Vp & Shri Rajesh Kumar, Am Shree Nanak Ferro Alloys Pvt. Ltd. Acit, Circle-2 Room No.205, 2Nd Floor, Avrtar Acit, Circle-2, Patna, Bihar Vs. Building, Bisturpur, Jamshedpur, Jharkhand (Appellant) (Respondent) Pan No. Aaics1706N Assessee By : S/Shri A.K. Rastogi Rakesh Kumar, Ar Revenue By : Shri Md Ah Chowdhary, Dr Date Of Hearing: 27.11.2025 Date Of Pronouncement: 09.12.2025

purchase of plot. 5.3.4 In view of the above factual discussion and relying on the case laws cited above, the AO is directed to delete the addition made of Rs.4,16,27,400/-.” 2.3. After hearing the rival contentions and perusing the materials available on record, we find that the assessee is engaged in the business of manufacturing of Ferro

YASHWANT SINGH,PATNA vs. DCIT, CIRCLE-1, PATNA

In the result, the appeals of the assessee ITA Nos

Bench: Sri Sanjay Garg & Shri Sanjay Awasthi

purchased the agricultural produce from the assessee. However, the Assessing Officer was not satisfied with the aforesaid statement given by Shri Ram Prakash Rai and also noted that the said statement was given by Shri Ram Prakash Rai at the instance of the assessee. The Assessing Officer concluded that the assessee had failed to establish that the aforesaid income shown