JAGDISH KUMAR MAHTO,RANCHI vs. RANCHI COMMISSIONER, RANCHI

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

Bench: Shri Sonjoy Sarma & Shri Ratnesh Nandan Sahayi.T.A. No.50/Ran/2025 Assessment Year: 2016-17 Jagdish Kumar Mahto….…………….…….…............................……….……Appellant Mukhiya House, Kanke Road Ranchi, Konge, Kanke Road, S.O Jharkhand-834008. [Pan: Acnpm5004H] Vs. Dcit/Acit, Circle-1, Ranchi...................................……........……...…..…..Respondent Appearances By: None Appeared On Behalf Of The Appellant. Shri Kanhaiya Lal Kanak, Dr, Appeared On Behalf Of The Respondent. Date Of Concluding The Hearing : January 12, 2026 Date Of Pronouncing The Order : January 14, 2026 Order Per Sonjoy Sarma: This Appeal Filed By The Assessee Is Directed Against The Order Of The Nfac, Delhi (Hereinafter Referred To As “Cit(A)”) Dated 25.1.2025 Passed Under Section 250 Of The Income-Tax Act, 1961 (Hereinafter Referred To As The “Act”).

Section 250 of the Income-tax Act, 1961 (hereinafter referred to as the “Act”). 2. Brief facts of the case are that the assessee is an Individual and filed Income Tax Return for A.Y. 2016-2017 declaring total income of Rs.10,06,440/-. During the assessment proceedings, the assessing officer had reasons to believe that the assessee had capital gains

DILIP KUMAR,DORANDA RANCHI vs. DCIT CIRCLE 1, RANCHI

In the result, this appeal of assessee is allowed

Bench: Shri Partha Sarathi Chaudhurydilip Kumar, D.C.I.T., 4B, Dr. K.D. Choudhury Apartment, Circle-1, Vs. South Office Para, Doranda, Ranchi. Ranchi-834002 (Jharkhand) Pan No. Adlpk 4085 H Appellant/ Assessee Respondent/ Revenue

50(C)(2) of the Act. Mr. Das vehemently contends that the assessee nowhere raised such a plea in the lower proceedings. I find no merit in Revenue's instant argument. Hon'ble Calcutta High Court decision in Sunil Kr. Agarwal Vs CIT reported in (2015) 372 ITR 83 (Cal) wherein it was held that the Assessing Officer

ACIT CIR-1 , DHANBAD vs. M/S BHARAT COOKING COAL LTD , DHANBAD

gains of\nsubsequent years without any limit whatsoever.\"\n8. In the light of the judicial precedents on the issue especially that\nof the Hon'ble Gujarat High court in the case of General Motors India\nPvt. Ltd. (supra), we find that the issue is covered in favour of the\nassessee, therefore, the ground taken by the revenue is rejected

ACIT CIRCLE-1 , DHANBAD vs. M/S BHARAT COOKING COAL LTD , DHANBAD

gains of\nsubsequent years without any limit whatsoever.\"\n8. In the light of the judicial precedents on the issue especially that\nof the Hon'ble Gujarat High court in the case of General Motors India\nPvt. Ltd. (supra), we find that the issue is covered in favour of the\nassessee, therefore, the ground taken by the revenue is rejected