ACIT, CENTRAL CIRCLE-3, PATNA vs. BROADSON COMMODITIES PVT LTD, DHANBAD

In the result, both the appeals of Revenue are dismissed, whereas the Cross Objections filed by the assessee are allowed

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

94,532/- as on 31.03.2016 is paper company. The assessee never produced clarification and documentary evidence even after repeated requests during the assessment proceedings. 6. That the order of the Ld.CIT(A) being erroneous in law and on facts to be vacated and the order of the A.O. be restored. 7. That the applicant craves leave to add, alter, delete

ACIT, CENTRAL CIRCLE-3, PATNA vs. BROADSON COMMODITIES PVT LTD, DHANBAD

In the result, both the appeals of Revenue are dismissed, whereas the Cross Objections filed by the assessee are allowed

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

94,532/- as on 31.03.2016 is paper company. The assessee never produced clarification and documentary evidence even after repeated requests during the assessment proceedings. 6. That the order of the Ld.CIT(A) being erroneous in law and on facts to be vacated and the order of the A.O. be restored. 7. That the applicant craves leave to add, alter, delete

PARAS NATH GUPTA,RAMNA ROAD , GAYA vs. ASSISTANT COMMISSIONER OF INCOME TAX, DC/AC CIRCLE-I

In the result, the appeal filed by the assessee is partly allowed in\nview of the above directions

94,88,142/- i.e. @ 2% of the gross turnover of\nRs. 97,44,07,126/- after considering expenses debited in the trading\nand profit and loss account and a sum of Rs. 1,65,09,996/- was added\nto the total income of the assessee and the total income was assessed\nat Rs. 1,93,38,146/-.\n3.1 Aggrieved with

LORD VISHNU CONSTRUCTION PVT LTD,PATNA vs. PR. CIT-1, PATNA

In the result, appeal of the assessee is partly allowed

Bench: Shri Sonjoy Sarma, Hon’Blei.T.A. No. 23/Pat/2022 Assessment Year: 2017-18 Lord Vishnu Constructions Principal Commissioner Of Income Tax-1, Private Limited Vs Patna 101, Lotus Apartment New Patliputra Colony Patna - 800013 [Pan: Aabcc5141M] अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri Nishant Maitin, C.A. Revenue By : Shri Sushil Kumar Mishra, Jcit D/R सुनवाई क" तारीख/Date Of Hearing : 07/03/2024 घोषणा क" तारीख /Date Of Pronouncement: 22/05/2024 आदेश/O R D E R Per, Dr. Manish Borad: The Present Appeal Is Directed At The Instance Of The Assessee Against The Order Of The Learned Principal Commissioner Of Income Tax, Patna -1 (Hereinafter The “Ld. Pr. Cit”) Dt. 18/10/2022, Passed U/S 263 Of The Income Tax Act, 1961 (“The Act”) For The Assessment Year 2017-18. 2. Through Various Grounds Of Appeal, The Assessee Has Assailed The Order Of The Ld. Pr. Cit Framed U/S 263 Of The Act. Facts In Brief Are That The Assessee Is A Private Limited Company Engaged In Construction Business. The Regular Return Of Income Furnished Was Selected For Scrutiny Through Cass On Account Of Two Reasons, Namely, “Abnormal Increase In Cash Deposit During

68,481/-. Thereafter, the ld. Pr. CIT called for the assessment records under the powers conferred to him u/s 263 of the Act and observed that the assessee had made cash payments in excess of Rs. 20,000/- each day for a total amount of Rs.27,28,439/- and the same is apparently in contravention to the provisions of Section

THE SIWAN CENTRAL CO.-OPERATIVE BANK LTD,SIWAN vs. DCIT, CIRCLE-2, MUZAFFARPUR

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

Bench: Sri Rajpal Yadav & Dr. Manish Borad

7. For that the Ld. CIT(A) has erred in disallowing Rs. 1,40,675/- u/s 40a(ia) for non deduction of tax on expenses under the head advertisement and publicity. 8. For that the Ld. CIT(A) has erred in sustaining addition of Rs. 3,68,41,943/-on account of provisions made for various items listed

THE SIWAN CENTRAL CO.-OPERATIVE BANK LTD,SIWAN vs. DCIT, CIRCLE-2, MUZAFFARPUR

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

Bench: Sri Rajpal Yadav & Dr. Manish Borad

7. For that the Ld. CIT(A) has erred in disallowing Rs. 1,40,675/- u/s 40a(ia) for non deduction of tax on expenses under the head advertisement and publicity. 8. For that the Ld. CIT(A) has erred in sustaining addition of Rs. 3,68,41,943/-on account of provisions made for various items listed

DCIT, CIRCLE-1, MUZAFFARPUR vs. M/S ASHA REALTY DEVELOPERS PVT LTD, MUZAFFARPUR

In the result, the appeal of the Revenue is dismissed

68,000\nPlaza\nS.G.\n97.37%\n19825\n14684\n74.07\n4,75,58,147\n3,74,24,102\n3,84,34,500\n10,10,398\nSmriti\nB.L.\n27.12%\n22355\n7641\n34.18\n1,79,05,051\n65,21,687\n2,40,47,530\n1,75,25,843\nSinghania\nAsha\n22.11%\n46165\n8754\n18.98\n19069421\nNil

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

68 days. An application seeking condonation of delay has been filed by the assessee stating as under: “The appellant filed this appeal before the Hon'ble Income Tax Appellate Tribunal, Patna Bench, Patna on 30/10/24 after delay of 69 days. The main I.T.A. No.: 630/PAT/2024 Assessment Year: 2016-17 Shardindu Prasad Singh. reason of delay in filing of memorandum