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

16. The brief facts of the case are that the assessee during the year had sold shares of M/s. GCM Securities Ltd. (in short “GCM”) on which capital gains of Rs.50,29,839/- were earned, which were claimed Page 8 of 14 I.T.A. No.: 179 to 183/PAT/2023 Amar Kasera (HUF), AYs : 2011-12, 2013-14 to 2015-16 exempt from

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

16. The brief facts of the case are that the assessee during the year had sold shares of M/s. GCM Securities Ltd. (in short “GCM”) on which capital gains of Rs.50,29,839/- were earned, which were claimed Page 8 of 14 I.T.A. No.: 179 to 183/PAT/2023 Amar Kasera (HUF), AYs : 2011-12, 2013-14 to 2015-16 exempt from

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

16. The brief facts of the case are that the assessee during the year had sold shares of M/s. GCM Securities Ltd. (in short “GCM”) on which capital gains of Rs.50,29,839/- were earned, which were claimed Page 8 of 14 I.T.A. No.: 179 to 183/PAT/2023 Amar Kasera (HUF), AYs : 2011-12, 2013-14 to 2015-16 exempt from

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

16. The brief facts of the case are that the assessee during the year had sold shares of M/s. GCM Securities Ltd. (in short “GCM”) on which capital gains of Rs.50,29,839/- were earned, which were claimed Page 8 of 14 I.T.A. No.: 179 to 183/PAT/2023 Amar Kasera (HUF), AYs : 2011-12, 2013-14 to 2015-16 exempt from

KUMAR ARUNODAYA,PATNA vs. ASSISTANT COMMISSIONER OF INCOME TAX - 6, PATNA [NEW – DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE – 2, PATNA], PATNA

In the result, the appeals of the assessee are allowed, the appeals of the revenue is dismissed and the Cross-objections of the assessee are also dismissed

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]

section 147 and the issuance of Notice u/s 148 besides the alleged addition of Capital Gains and the purported assessment made u/s 143(3)r.w.s. 147 of the IT Act, 1961, that the Sale Deed dated 21.03.2012 incorporates the sale of agricultural land to M/s Chandramauli Developers (P) Ltd for a consideration of Rs.7,83,27,813 and the Sale

ACIT, CENTRAL CIRCLE-2, PATNA vs. KUMAR ARUNODAYA, PATNA

In the result, the appeals of the assessee are allowed, the appeals of the revenue is dismissed and the Cross-objections of the assessee are also dismissed

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]

section 147 and the issuance of Notice u/s 148 besides the alleged addition of Capital Gains and the purported assessment made u/s 143(3)r.w.s. 147 of the IT Act, 1961, that the Sale Deed dated 21.03.2012 incorporates the sale of agricultural land to M/s Chandramauli Developers (P) Ltd for a consideration of Rs.7,83,27,813 and the Sale

KUMAR ARUNOSAYA,PATNA vs. A.O., CIRCLE-6, PATNA

In the result, the appeals of the assessee are allowed, the appeals of the revenue is dismissed and the Cross-objections of the assessee are also dismissed

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]

section 147 and the issuance of Notice u/s 148 besides the alleged addition of Capital Gains and the purported assessment made u/s 143(3)r.w.s. 147 of the IT Act, 1961, that the Sale Deed dated 21.03.2012 incorporates the sale of agricultural land to M/s Chandramauli Developers (P) Ltd for a consideration of Rs.7,83,27,813 and the Sale

DCIT, CIRCLE-4, PATNA vs. KUMAR ARUNODAYA, PATNA

In the result, the appeals of the assessee are allowed, the appeals of the revenue is dismissed and the Cross-objections of the assessee are also dismissed

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]

section 147 and the issuance of Notice u/s 148 besides the alleged addition of Capital Gains and the purported assessment made u/s 143(3)r.w.s. 147 of the IT Act, 1961, that the Sale Deed dated 21.03.2012 incorporates the sale of agricultural land to M/s Chandramauli Developers (P) Ltd for a consideration of Rs.7,83,27,813 and the Sale

ACIT, CIRCLE-4, PATNA vs. KUMAR ARUNODAYA, PATNA

In the result, the appeals of the assessee are allowed, the appeals of the revenue is dismissed and the Cross-objections of the assessee are also dismissed

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]

section 147 and the issuance of Notice u/s 148 besides the alleged addition of Capital Gains and the purported assessment made u/s 143(3)r.w.s. 147 of the IT Act, 1961, that the Sale Deed dated 21.03.2012 incorporates the sale of agricultural land to M/s Chandramauli Developers (P) Ltd for a consideration of Rs.7,83,27,813 and the Sale

PANCHAM PAL,PATNA vs. I.T.O, WARD- 6 (4), PATNA

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra

section 147 in the case of the appellant without appreciating that no income has escaped assessment. 14. For that the learned Commissioner of Income-tax (Appeals) has erred in not considering the fact that invocation of proceedings u/s 147/148 is ab initio void and without jurisdiction. 15. For that the learned Commissioner of Income-tax (Appeals) has erred in confirming

ITO, WARD-4(1), PATNA vs. JAGDISH RAY, PATNA

In the result, the appeal of revenue-ITA No

Capital gains" arising from the transfer of agricultural land, where— (i) such land is situate in any area referred to in item (a) or item (b) of sub-clause (iii) of clause (14) of section 2; (ii) such land, during the period of two years immediately preceding the date of transfer, was being used for agricultural purposes by such Hindu

RAJ KUMAR SINGH ,PATNA vs. ITO,WARD-6(4),PATNA , PATNA

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

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra

16,333.5 sq.ft. encompassing total floor area of 32,667 square feet. As per the land development agreement registered, the total value of Land was ₹ 2,97,00,000/-. As a bundle of ownership rights over his share of land was relinquished by the assessee in terms of the land ITA No.: 341/PAT/2025 Assessment Year: 2016-17 Raj Kumar Singh

SHEKHAR NARAYAN,PATNA vs. NFAC, DELHI

In the result, both the appeals filed by the assessee are partly allowed for statistical purposes

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra

capital gain. 16. For that the appellant reserves its right to furnish detailed written submission along with evidences and documents on or before the date of hearing. 17. For that the appellant may be given opportunity of personal hearing physically or virtually as the law permits at the time of hearing of the appeal. 18. For that the charging

SHEKHAR NARAYAN,PATNA vs. NFAC, DELHI

In the result, both the appeals filed by the assessee are partly allowed for statistical purposes

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra

capital gain. 16. For that the appellant reserves its right to furnish detailed written submission along with evidences and documents on or before the date of hearing. 17. For that the appellant may be given opportunity of personal hearing physically or virtually as the law permits at the time of hearing of the appeal. 18. For that the charging

ZAIMUR RAHMAN,EAST CHAMPARAN vs. INCOME TAX DEPARTMENT, NFAC, DELHI

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

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra

16,118/- u/s 68 of the Act for unexplained capital, ₹21,08,600/- for unsubstantiated agricultural income treated as income from other sources, ₹33,20,000/- for Short Term Capital Gain on sale of immovable property and the total income was computed at ₹4,62,56,388 /-. Aggrieved with the assessment order, the assessee filed an appeal before

VIKASH KUMAR,PATNA vs. ITO, WARD- 6 (4), PATNA

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

Bench: This Tribunal. The Assessee Has Filed An Application Supported By An Affidavit, Explaining The Reasons For The Delay. After Considering The Submissions & Going Through The Petition, We Are Satisfied That The Assessee Was Prevented By Sufficient Cause In Filing The 2 Vikash Kumar Appeal Within The Prescribed Time. Accordingly, The Delay Is Condoned & The Appeal Is Admitted For Adjudication.

section 148 of the Act. In response, the assessee filed return of income. During the course of assessment proceedings, the assessee sought reasons for reopening and filed written submissions along with objections. The Assessing Officer, however, was not satisfied with the submissions and proceeded to compute long-term capital gains of ₹8,16

SUNIL KUMAR SINGH,PATNA vs. ITO, WARD- 6 (1), PATNA

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

Bench: the sale of immovable properties on which long term capital gain was derived.

capital gain. 9. For that the Ld. CIT(A), NFAC has erred in upholding addition of Rs.2,05,609/-being the difference between cost of acquisition of the property as per Rol amounting to Rs. 14.42 lakhs vis-a-vis Rs. 12,36,730/- without appreciating the fact that the claim of Rs.12.36 lakhs as per circle rate of F.Y.2001-02

AMRENDRA PRATAP SINGH,VARANASI vs. INCOME TAX OFFICER WARD- 3(1), GAYA

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

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra

capital gain under the Act. 11. For that the ld. Commissioner of Income Tax (Appeal) as well as the ld. assessing officer has erred in holding that the interest aggregating to Rs.1,77,580, being Rs.99,913 credited in ICICI Bank and Rs.77,667 credited in Canara Bank, during the Previous Year 2011-12 corresponding to the Assessment Year