SMT. ANITA DEVI,PATNA vs. ACIT, CENTRAL CIRCLE-2, PATNA

In the result, all the appeals of the assessee are allowed

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm

68,293/- with Punjab National bank, Doctor’s Colony, Kankarbagh, patna, which according to the ld. AO could not be explained and accordingly, the same was added to the income of the assessee. The ld. AO noted that the assessee replied that the deposits were made out of the agricultural income of Shri Sushil Kumar, HUF, having no bank account

SMT. ANITA DEVI,PATNA vs. ACIT, CENTRAL CIRCLE-2, PATNA

In the result, all the appeals of the assessee are allowed

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm

68,293/- with Punjab National bank, Doctor’s Colony, Kankarbagh, patna, which according to the ld. AO could not be explained and accordingly, the same was added to the income of the assessee. The ld. AO noted that the assessee replied that the deposits were made out of the agricultural income of Shri Sushil Kumar, HUF, having no bank account

SMT. ANITA DEVI,PATNA vs. ACIT, CENTRAL CIRCLE-2, PATNA

In the result, all the appeals of the assessee are allowed

68,293/- with Punjab National bank, Doctor's Colony,\nKankarbagh, patna, which according to the Id. AO could not be\nexplained and accordingly, the same was added to the income of the\nassessee. The Id. AO noted that the assessee replied that the deposits\nwere made out of the agricultural income of Shri Sushil Kumar, HUF,\nhaving no bank account

SMT. ANITA DEVI,PATNA vs. ACIT, CENTRAL CIRCLE-2, PATNA

In the result, all the appeals of the assessee are allowed

68,293/- with Punjab National bank, Doctor's Colony,\nKankarbagh, patna, which according to the Id. AO could not be\nexplained and accordingly, the same was added to the income of the\nassessee. The Id. AO noted that the assessee replied that the deposits\nwere made out of the agricultural income of Shri Sushil Kumar, HUF,\nhaving no bank account

SMT. ANITA DEVI,PATNA vs. ACIT, CENTRAL CIRCLE-2, PATNA

In the result, all the appeals of the assessee are allowed

68,293/- with Punjab National bank, Doctor's Colony,\nKankarbagh, patna, which according to the Id. AO could not be\nexplained and accordingly, the same was added to the income of the\nassessee. The Id. AO noted that the assessee replied that the deposits\nwere made out of the agricultural income of Shri Sushil Kumar, HUF,\nhaving no bank account

SITARAM SULTANIA,PATNA vs. DCIT/ACIT, CIR-6, PATNA, PATNA

Appeal of the assessee is partly allowed

Bench: SHRI DUVVURU RL REDDY, VICE PRESIDENT SHRI RAJESH KUMAR (Accountant Member)

Section 50C(2) of the Act at Rs. 86,72,000/-. Accordingly, the Assessing Officer computed the short-term capital gain at Rs. 25,43,630/- on the basis of DVO report and added the same to the in- come of the assessee. We note that the DVO in its report dated 26.03.2015 categorically mentioned the method of valuation