GANADHIPATI CONSTRUCTION PVT LTD,PATNA vs. PCIT, CENTRAL, PATNA

In the result, all the appeals of the assessee bearing

Bench: Shri Rajpal Yadav, Vice-(Kz) & Dr. Manish Borad

263 of the Act by the ld. PCIT for AY 2017-18 to 2021-22. 7. Ld. Counsel for the assessee firstly made reference to the paper book containing 623 pages, which contains the notice under section 142(1) of the Act issued by the ld. Assessing Officer for the impugned assessment years from 2017-18 to 2021-22 under

GANADHIPATI CONSTRUCTION PRIVATE LTD,PATNA vs. PCIT, CENTRAL, PATNA

In the result, all the appeals of the assessee bearing

Bench: Shri Rajpal Yadav, Vice-(Kz) & Dr. Manish Borad

263 of the Act by the ld. PCIT for AY 2017-18 to 2021-22. 7. Ld. Counsel for the assessee firstly made reference to the paper book containing 623 pages, which contains the notice under section 142(1) of the Act issued by the ld. Assessing Officer for the impugned assessment years from 2017-18 to 2021-22 under

GANADHIPATI CONSTRUCTION PRIVATE LIMITED,PATNA vs. PCIT, CENTRAL, PATNA

In the result, all the appeals of the assessee bearing

Bench: Shri Rajpal Yadav, Vice-(Kz) & Dr. Manish Borad

263 of the Act by the ld. PCIT for AY 2017-18 to 2021-22. 7. Ld. Counsel for the assessee firstly made reference to the paper book containing 623 pages, which contains the notice under section 142(1) of the Act issued by the ld. Assessing Officer for the impugned assessment years from 2017-18 to 2021-22 under

BIHAR STATE ROAD DEVELOPMENT CORPN. LTD.,PATNA vs. ACIT, CIRCLE 2, PATNA

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

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra

disallowing Rs.33,05,28,937/- on the account of deduction claimed u/s 801A of the Act due to interest income from Fixed Deposit, Saving Account and other income. 11. For that the appellant shall place any other point/points at the time of hearing of the appeal.” III. ITA No. 332/PAT/2024; AY 2014-15: “1. For that the grounds of appeal

BIHAR STATE ROAD DEVELOPMENT CORPORATION LIMITED,PATNA vs. ACIT, COR-2, PATNA

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

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra

disallowing Rs.33,05,28,937/- on the account of deduction claimed u/s 801A of the Act due to interest income from Fixed Deposit, Saving Account and other income. 11. For that the appellant shall place any other point/points at the time of hearing of the appeal.” III. ITA No. 332/PAT/2024; AY 2014-15: “1. For that the grounds of appeal

BIHAR STATE ROAD DEVELOPMENT CORPN.LTD.,PATNA vs. CIT (APPEAL), DELHI

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

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra

disallowing Rs.33,05,28,937/- on the account of deduction claimed u/s 801A of the Act due to interest income from Fixed Deposit, Saving Account and other income. 11. For that the appellant shall place any other point/points at the time of hearing of the appeal.” III. ITA No. 332/PAT/2024; AY 2014-15: “1. For that the grounds of appeal

BIHAR STATE ROAD DEVELOPMENT CORPORATION LTD,PATNA vs. ACIT, CIR-2, P)ATNA

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

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra

disallowing Rs.33,05,28,937/- on the account of deduction claimed u/s 801A of the Act due to interest income from Fixed Deposit, Saving Account and other income. 11. For that the appellant shall place any other point/points at the time of hearing of the appeal.” III. ITA No. 332/PAT/2024; AY 2014-15: “1. For that the grounds of appeal

BIHAR STATE ROAD DEVELOPMENT CORPORATION LIMITED,PATNA vs. ITO WARD 2(1) PATNA, PATNA

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

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra

disallowing Rs.33,05,28,937/- on the account of deduction claimed u/s 801A of the Act due to interest income from Fixed Deposit, Saving Account and other income. 11. For that the appellant shall place any other point/points at the time of hearing of the appeal.” III. ITA No. 332/PAT/2024; AY 2014-15: “1. For that the grounds of appeal

BIHAR STATE ROAD DEVELOPMENT CORPN. LTD.,PATNA vs. ACIT, CIRCLE 2, PATNA

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

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra

disallowing Rs.33,05,28,937/- on the account of deduction claimed u/s 801A of the Act due to interest income from Fixed Deposit, Saving Account and other income. 11. For that the appellant shall place any other point/points at the time of hearing of the appeal.” III. ITA No. 332/PAT/2024; AY 2014-15: “1. For that the grounds of appeal

DIVYA PRAKASH,BHOJPUR vs. PR. CIT-1, PATNA

In the result, the appeal of the assessee is dismissed

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

disallowance under section 40A(3), therefore, no inquiry has been made by the ld. Assessing Officer while accepting the accounts of the assessee. Ld. Commissioner has rightly exercised power under section 263 of the Income Tax Act. Accordingly this appeal devoids of any merit, hence dismissed. 12 Assessment Year: 2017-2018 Divya Prakash 10. In the result, the appeal

M/S KUMAR PIYUSH CONSTRUCTION PRIVATE LTD,NALANDA vs. PR. CIT-1, PATNA

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

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

disallowance also.” 2.0. Aggrieved with the action of Ld. PCIT, the assessee is in appeal before us with the following grounds of appeal: 3 M/s Kumar Piyush Construction Private Limited “Ground number 1 Was not justified in initiating proceedings under Section 263

NORTH BIHAR POWER DISTRUBUTION CO. LTD,PATNA vs. PR. CIT-1, PATNA

In the result, appeal of the assessee is allowed

Bench: Shri Sanjay Garg & Shri Girish Agrawalassessment Year: 2017-18

section (1) after the expiry of two 3 North Bihar Power Distribution Co. Ltd. AY 2017-18 years from the end of the financial year in which the order sought to be revised was passed.” 4. Ground 4: The learned PCIT has erred in law, and passed an order u/s 263 of Income Tax Act, 1961 by non-considering replies

PRABHAKAR JHA,MADHUBANI vs. PR.CIT-1, PATNA

In the result, the appeal of the assessee is allowed

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

1 Assessment Year: 2017-2018 Prabhakar Jha Tax, Patna-1 dated 12.03.2022 passed under section 263 of the Income Tax Act in Assessment Year 2017-18. 2. The assessee has taken five grounds of appeal, but in brief his grievances revolve around a single issue, namely ld. CIT has erred in taking cognizance under section 263 and thereby setting aside

SAJJAN BAJAJ vs. PR. C. I. T.,

In the result, the appeal of the assessee is allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Dr. Manish Borad

1 Assessment Year: 2011-2012 Sajjan Bajaj, Bhagalpur 2. The solitary grievance of the assessee is that ld. CIT(Appeals) has erred in taking cognizance under section 263 and thereby setting aside the assessment order for passing a fresh assessment. 3. Brief facts of the case are that a survey under section 133A was conducted in the business premises

LAKSHMI MANDAL,MADHUBANI vs. INCOME TAX OFFICER, MADHUBANI

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

Bench: SHRI SONJOY SARMA, JUDICIAL MEMBER SHRI RAKESH MISHRA (Accountant Member)

1) of the Income-tax Act, 1961. Subsequently, the case was selected for scrutiny and assessment was completed under section 143(3), determining total income of ₹4,81,780/-, after making an addition of ₹ 78,890/-. On examination of the records, the Principal CIT invoked 2 Lakshmi Mandal revisional jurisdiction under section 263 of the Act. He observed that statutory

KUMAR SUMAN SINGH,PATNA vs. DCIT CENTRAL CIRCLE-2, PATNA

263 of the Act passed by\nthe ld. CIT(Central), Patna had already upheld by the ITAT in its order\ndated 01.02.2008 and the order passed by the Tribunal attained finality\nas it was not challenged before any higher forum. Therefore, this ground\ntaken by the assessee is hereby dismissed.\n10. Ground No.2 In respect of ground no.2 which

RADHA GOVIND PUBLIC WELFARE SOCIETY,RAMGARH vs. CIT(EXEMPTION), PATNA

In the result, appeal of the assessee is allowed

Bench: Shri Sanjay Garg & Shri Girish Agrawalassessment Year: 2015-16

section 263 of the Act. 4.2. Ld. Counsel also submitted that Ld. CIT has conducted the revisionary proceeding in a mechanical manner without any independent findings.He stated that out of twelve issues raised by the Ld. CIT, ten of them are the observations made by the auditor in the notes on account in Schedule I and audit report in Form

DEEPAK SHRAWAN BUDHIA,MUMBAI vs. PR. COMMISSIONER OF I.T., PATNA-1, PATNA

In the result, appeal of the assessee is dismissed

Bench: SHRI LAXMI PRASAD SAHU, ACCOUNTANT MEMBER SHRI SONJOY SARMA (Judicial Member)

263 of the I.T. Act, 1961 on account of disallowance of expenditure on account of non-deduction of TDS on freight as per provisions of section 40(a)(ia) of the 1