VISHAL KANODIA,VARANASI vs. PCIT,, VARANASI

In the result, appeal of the assessee is allowed

14. In the result, appeal of the assessee is allowed. 15. In so far as appeal relating to A.Y.2015-16, exactly similar facts are permeating except that long term capital gain claimed by the assessee in this year was Rs.4,32,07,326/-. Our aforesaid finding given will apply mutatis mutandis in this year also. 16. In the result, appeals

GOPI KRISHNA VINOD KUMAR HUF,GORAKHPUR vs. PCIT,, GORAKHPUR

In the result, appeal of the assessee is allowed

14. In the result, appeal of the assessee is allowed. 15. In so far as appeal relating to A.Y.2015-16, exactly similar facts are permeating except that long term capital gain claimed by the assessee in this year was Rs.4,32,07,326/-. Our aforesaid finding given will apply mutatis mutandis in this year also. 16. In the result, appeals

VINOD KUMAR SARAF HUF,GORAKHPUR vs. PCIT,, GORAKHPUR

In the result, appeal of the assessee is allowed

14. In the result, appeal of the assessee is allowed. 15. In so far as appeal relating to A.Y.2015-16, exactly similar facts are permeating except that long term capital gain claimed by the assessee in this year was Rs.4,32,07,326/-. Our aforesaid finding given will apply mutatis mutandis in this year also. 16. In the result, appeals

SHAMIMUL FATIMA,GORAKHPUR vs. ACIT, RANGE - 02, GORAKHPUR

In the result the appeal of the assessee is allowed

14,00,000/- b. FY 2012-13 – 21,00,000/- c. FY 2013-14 – 58,94,781/- 4. According to the AO, the assessee should have purchased the new asset before one year of date of transaction or should have invested within two years from the date of transaction of sale when the capital gain has arisen. The assessee

RADHEY SHYAM,AGRA vs. INCOME TAX OFFICER, WARD 2(3), VARANASI

In the result, the appeal of the assesseein ITA No

Bench: Shrivijay Pal Rao & Shri Ramit Kocharassessment Year:2012-13 Shriradheyshyam Income Tax Officer, 308, Sector 16, Avasvikas Colony V. Ward-2(3),Aayakarbhawan, Sikandra,Agra-282007, U.P.. Maqboolalam Road Pan:Aikps7948H Varanasi-221002,U.P.. (Appellant) (Respondent)

Section 49(1)(iii)(a) of the 1961 Act , but the onus is on the assessee to produce credible evidences to substantiate cost of acquisition by the previous owners as is stipulated u/s 49(1). Thus, in the interest of justice and keeping in view facts and circumstances of the case, we are of the considered view that one more

M/S JAI AMBE AGRICULTURAL INDUSTRIES,VARANASI vs. D.C.I.T., CIRCLE - 2(1), VARANASI

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

Bench: Shri Ramit Kochar & Shri Pavan Kumar Gadaleassessment Year: 2019-2020 M/S Jai Ambe Agricultural The Dcit, Industries, Plot No. 211, V. Circle-2(1), Aayakar Bhawan, M A Marg, Churamanpur, Varanasi- Varanasi-221002,U.P. 221108,U.P. ( The Adi, Cpc, Bengaluru) Pan:Aahfj9428N (Appellant) (Respondent)

Section 14 provides head of income , wherein the income shall fall for being taxed depending upon nature of income such as Salaries, Rent, Business/ Professional Income , Capital gains

M/S RAJENDRA PRASAD SRIVASTAVA,AZAMGARH vs. ACIT, RANGE - AZAMGARH, AZAMGARH

In the result, the appeal of the assessee is dismissed

Bench: Shri.Vijay Pal Rao & Shri Ramit Kocharassessment Year: 2013-14 M/S Rajendra Prasad Srivastava, Vs. Asstt. Commissioner Of Income Sarfuddinpur, Near Railway Tax, Range-Azamgarh Station, Azamgarh-276001 Pan-Aakfr2986A (Appellant) (Respondent) Appellant By: Sh.Hari N. Singh Bisen, C.A. Respondent By: Sh. A.K. Singh, Sr. Dr Date Of Hearing: 11.01.2023 Date Of Pronouncement: 07.02.2023

section 145(2) is also a decision inasmuch as it amounts to un acceptance of the method of accounting on the ground that the income, profits and gains can be properly deduced therefrom. It is therefore open to the AAC to reject the assessee's books of account which have been accepted by the ITO. Hence, the books of account