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) &

house at Patna of Md. A.A. Karim. The income tax department not even saw those diaries which were seized by police and also without any explanation of the appellant without providing the copies of diaries for explanation. Therefore, failure of Income Tax Department for providing those diaries the basis of which the additions of undisclosed income by giving certain absolute

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) &

house at Patna of Md. A.A. Karim. The income tax department not even saw those diaries which were seized by police and also without any explanation of the appellant without providing the copies of diaries for explanation. Therefore, failure of Income Tax Department for providing those diaries the basis of which the additions of undisclosed income by giving certain absolute

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) &

house at Patna of Md. A.A. Karim. The income tax department not even saw those diaries which were seized by police and also without any explanation of the appellant without providing the copies of diaries for explanation. Therefore, failure of Income Tax Department for providing those diaries the basis of which the additions of undisclosed income by giving certain absolute

DCIT, CIRCLE-1, MUZAFFARPUR vs. M/S R.P.RAI ESTATE PVT LTD, PATNA

In the result, the appeal of the revenue is dismissed

Bench: Dr. Manish Borad, Hon’Ble & Shri Sonjoy Sarma, Hon’Bleassessment Year: 2017-18 Dcit, Circle-1, Muzaffarpur M/S. R.P. Rai Estate Pvt. Ltd. Vs 19, Goharua, Patliputra Colony, Patliputra, Patna- 800013. Pan: Aaccr 4972 P (Appellant) (Respondent) Present For: Appellant By : Shri Sushil Kumar Mishra, Jcit, Dr Respondent By : Shri Devesh Poddar, Advocate Date Of Hearing : 19.03.2024 Date Of Pronouncement : 03.04.2024 O R D E R Per Sonjoy Sarma, Jm: This Appeal Of The Revenue For The Assessment Year 2017-18 Is Directed Against The Order Dated 29.06.2020 Passed By The Ld. Commissioner Of Income-Tax (Appeal), Patna [Hereinafter Referred To As ‘The Ld. Cit(A)’].

loss account under the head of business receipt. However, submission of the assessee was not accepted by the AO. Accordingly, the ld. AO made an addition of Rs. 1,83,58,108/- as income from house property. Further, estimated the income of the assessee applying net profit of 8% on the gross contract receipts

SRIRAM ENTERPRISES,PATNA vs. PCIT (CENTRAL), PATNA

In the result, the appeal of the assessee is allowed

Bench: Dr. Manish Borad & Shri Sonjoy Sarmai.T.A. No. 76/Pat/2023 Assessment Year: 2018-2019 Sriram Enterprises,………………………..........Appellant C/O. Nirmal & Associates, Nepali Kothi, Opposite Gasoline Petrol Pump, Boring Road, Patna-800001 [Pan:Aarfs8853J] -Vs.- Principal Commissioner Of Income Tax (Central), Patna,…………………………………..……………..Respondent, Bihar-800001 Appearances By: Shri Nishant Maitin, C.A., Appeared On Behalf Of The Assessee Md. A.H. Chowdhary, Cit (D.R.), Appeared On Behalf Of The Revenue Date Of Concluding The Hearing : 5Th March, 2024 Date Of Pronouncing The Order: May 8Th, 2024 O R D E R

Housing Projects Limited (2012) 343 ITR 329, we need to inquire the facts of the case. Firstly, we examine whether ld. PCIT has rightly assumed jurisdiction under section 263 of the Act. Now for assuming jurisdiction ld. PCIT has to satisfy himself whether the order of ld. Assessing Officer is erroneous in so far as it is prejudicial

SHARDINDU PRASAD SINGH,PATNA vs. ITO, WARD-6(4), PATNA

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

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra

loss arises without a transaction in between the receiver & payer by making entries in the books of account of the receiver for the amount received or receivable and payer making entry in its books of account for any paid or payable. Also no profit/gain can accrue or arises only on entering into an agreement for doing certain project on exchange

SRIRAM ENTERPRISES,BHAGALPUR vs. ASST COMMISSIONER OF INCOME TAX CENTRAL CIRCLE 1, PATNA, PATNA

house property,\nprofit of ₹12,16,69,526/- from business and ₹1,12,438/- as income\nfrom other sources. There are two partners of the assessee-firm namely,\n1. Shri Shiv Kumar Agarwal and 2. Shri Roshan Kumar Agarwal. The\nreturn was selected for complete scrutiny under Computer Assisted\nScrutiny Selection (in short 'CASS') and statutory notices

AJAY KUMAR,PATNA vs. PR. CIT-1, PATNA

In the result, the appeal of the assessee is allowed

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

house property and income from other source, namely interest etc. As observed above, the ld. Assessing Officer has examined all these details and thereafter finalized the assessment. 4. The ld. Pr. Commissioner on perusal of the assessment record formed an opinion that assessment order is suffering from an apparent error and, therefore, it has caused a prejudice to the interest

DR. JAGANNATH MISHRA (HUF),PATNA vs. ACIT CENTRAL CIRCLE-1, PATNA

In the result, the appeals in ITA No

Bench: Shri Duvvuru R. L. Reddy, Vice- & Shri Rajesh Kumar]

loss of Rs. 56,270/-. The case of 3 I.T.A. Nos.125 to 132/Pat/2023 Assessment Years: 2000-01 to 2002-03 Dr. Jagannath Mishra (HUF) & Ors. the assessee was selected for scrutiny and statutory notices were duly issued and served upon the assessee. During the assessment proceedings, the AO observed that the assessee has shown agricultural income from agricultural operation

DR. JAGANNATH MISHRA THROUGH L/H NITISH MISHRA,PATNA vs. ACIT CENTRAL CIRCLE-1, PATNA

In the result, the appeals in ITA No

Bench: Shri Duvvuru R. L. Reddy, Vice- & Shri Rajesh Kumar]

loss of Rs. 56,270/-. The case of 3 I.T.A. Nos.125 to 132/Pat/2023 Assessment Years: 2000-01 to 2002-03 Dr. Jagannath Mishra (HUF) & Ors. the assessee was selected for scrutiny and statutory notices were duly issued and served upon the assessee. During the assessment proceedings, the AO observed that the assessee has shown agricultural income from agricultural operation

SMT. VEENA MISHRA THROUGH NITISH MISHRA,PATNA vs. ACIT CENTRAL CIRCLE-1, PATNA

In the result, the appeals in ITA No

Bench: Shri Duvvuru R. L. Reddy, Vice- & Shri Rajesh Kumar]

loss of Rs. 56,270/-. The case of 3 I.T.A. Nos.125 to 132/Pat/2023 Assessment Years: 2000-01 to 2002-03 Dr. Jagannath Mishra (HUF) & Ors. the assessee was selected for scrutiny and statutory notices were duly issued and served upon the assessee. During the assessment proceedings, the AO observed that the assessee has shown agricultural income from agricultural operation

SMT. VEENA MISHRA THROUGH NITISH MISHRA,PATNA vs. ACIT CENTRAL CIRCLE-1, PATNA

In the result, the appeals in ITA No

Bench: Shri Duvvuru R. L. Reddy, Vice- & Shri Rajesh Kumar]

loss of Rs. 56,270/-. The case of 3 I.T.A. Nos.125 to 132/Pat/2023 Assessment Years: 2000-01 to 2002-03 Dr. Jagannath Mishra (HUF) & Ors. the assessee was selected for scrutiny and statutory notices were duly issued and served upon the assessee. During the assessment proceedings, the AO observed that the assessee has shown agricultural income from agricultural operation

SMT. VEENA MISHRA THROUGH NITISH MISHRA,PATNA vs. ACIT CENTRAL CIRCLE-1, PATNA

In the result, the appeals in ITA No

Bench: Shri Duvvuru R. L. Reddy, Vice- & Shri Rajesh Kumar]

loss of Rs. 56,270/-. The case of 3 I.T.A. Nos.125 to 132/Pat/2023 Assessment Years: 2000-01 to 2002-03 Dr. Jagannath Mishra (HUF) & Ors. the assessee was selected for scrutiny and statutory notices were duly issued and served upon the assessee. During the assessment proceedings, the AO observed that the assessee has shown agricultural income from agricultural operation

DR. JAGANNATH MISHRA THROUGH L/H NITISH MISHRA,PATNA vs. ACIT CENTRAL CIRCLE-1, PATNA

In the result, the appeals in ITA No

Bench: Shri Duvvuru R. L. Reddy, Vice- & Shri Rajesh Kumar]

loss of Rs. 56,270/-. The case of 3 I.T.A. Nos.125 to 132/Pat/2023 Assessment Years: 2000-01 to 2002-03 Dr. Jagannath Mishra (HUF) & Ors. the assessee was selected for scrutiny and statutory notices were duly issued and served upon the assessee. During the assessment proceedings, the AO observed that the assessee has shown agricultural income from agricultural operation

DR. JAGANNATH MISHRA (HUF),PATNA vs. ACIT CENTRAL CIRCLE-1, PATNA

In the result, the appeals in ITA No

Bench: Shri Duvvuru R. L. Reddy, Vice- & Shri Rajesh Kumar]

loss of Rs. 56,270/-. The case of 3 I.T.A. Nos.125 to 132/Pat/2023 Assessment Years: 2000-01 to 2002-03 Dr. Jagannath Mishra (HUF) & Ors. the assessee was selected for scrutiny and statutory notices were duly issued and served upon the assessee. During the assessment proceedings, the AO observed that the assessee has shown agricultural income from agricultural operation

DR. JAGANNATH MISHRA THROUGH L/H NITISH MISHRA,PATNA vs. ACIT CENTRAL CIRCLE-1, PATNA

In the result, the appeals in ITA No

Bench: Shri Duvvuru R. L. Reddy, Vice- & Shri Rajesh Kumar]

loss of Rs. 56,270/-. The case of 3 I.T.A. Nos.125 to 132/Pat/2023 Assessment Years: 2000-01 to 2002-03 Dr. Jagannath Mishra (HUF) & Ors. the assessee was selected for scrutiny and statutory notices were duly issued and served upon the assessee. During the assessment proceedings, the AO observed that the assessee has shown agricultural income from agricultural operation

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]

housing loan of Rs. 1,97,16,393/- on 22.03.2016 which is presumably related to any other property as the cost of properly acquired from M/s Bestech (erroneously referred to as Ms Unitech in the show cause notice) itself is merely Rs. 1,11,53, 500/- e. Notwithstanding above, the assessee has claimed total exemption u/s 54F for an amount

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]

housing loan of Rs. 1,97,16,393/- on 22.03.2016 which is presumably related to any other property as the cost of properly acquired from M/s Bestech (erroneously referred to as Ms Unitech in the show cause notice) itself is merely Rs. 1,11,53, 500/- e. Notwithstanding above, the assessee has claimed total exemption u/s 54F for an amount