DCIT,, GORAKHPUR vs. M/S MAHABIR JITE MILLS, LTD., GORAKHPUR

In the result, (i) the appeal of the assessee for AY 2009-10 is partly allowed and for AY 2020-21 is treated as allowed

Bench: Shri B.R. Baskaran (Am) & Shri Amit Shukla (Jm)

disallowed the above said expenses of Rs.29,91,430/- and allowed depreciation @ 10%. Hence the net disallowance made by the AO worked

THE MAHABIR JUTE MILLS LTD.,GORAKHPUR vs. ASST. DIRECTOR OF INCOME TAX, CPC, BENGALURU

In the result, (i) the appeal of the assessee for AY 2009-10 is partly allowed and for AY 2020-21 is treated as allowed

Bench: Shri B.R. Baskaran (Am) & Shri Amit Shukla (Jm)

disallowed the above said expenses of Rs.29,91,430/- and allowed depreciation @ 10%. Hence the net disallowance made by the AO worked

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2 , GORAKHPUR vs. THE MAHABIR JUTE MILLS LIMITED, GORAKHPUR

In the result, (i) the appeal of the assessee for AY 2009-10 is partly allowed and for AY 2020-21 is treated as allowed

Bench: Shri B.R. Baskaran (Am) & Shri Amit Shukla (Jm)

disallowed the above said expenses of Rs.29,91,430/- and allowed depreciation @ 10%. Hence the net disallowance made by the AO worked

THE MAHABIR JUTE MILLS LIMITED,GORAKHPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2 , GORAKHPUR

In the result, (i) the appeal of the assessee for AY 2009-10 is partly allowed and for AY 2020-21 is treated as allowed

Bench: Shri B.R. Baskaran (Am) & Shri Amit Shukla (Jm)

disallowed the above said expenses of Rs.29,91,430/- and allowed depreciation @ 10%. Hence the net disallowance made by the AO worked

OBEETEE TEXTILES PVT. LTD.,MIRZAPUR vs. NATIONAL FACELESS ASSESSMENT CENTER, DELHI

In the result the appeal of the assessee is allowed

Bench: Br Baskaran & Shri Amit Shuklaobeetee Textiles Pvt. Ltd. Vs. National Faceless 93, Ward-9, Assessment Centre, Bisunderpur, Civil Lines, Delhi Mirzapur, Uttarpradesh-231312 स्थायी लेखा सं./जीआइआर सं./ Pan/Gir No: Aaaco2596C Appellant .. Respondent

depreciation and delete the short disallowance of ₹ 3,39,505/-. 5. The next issue relates to deposits made in government

DY. COMMISSIONER OF INCOME TAX CIRCLE, SULTANPUR vs. M/S KANPUR KSHETRIYA GRAMIN BANK, KANPUR

In the result, the appeal filed by the Revenue is dismissed

Bench: Shri B.R. Baskaran & Shri Amit Shuklaassessment Year: 2000-01 Dcit, Vs M/S Baroda Up Bank Circle-1, (Earlier Known As Kanpur Kshatriya Gorakhpur. Gramin Bank & Since Amalgamated With Baroda Up Bank) Gorakhpur. Pan: Aabck0383Q (Appellant) (Respondent) Assessee By : Shri S.K. Garg, Ca Revenue By : Shri Robin Chaudhary, Cit-Dr Date Of Hearing : 25.09.2023 Date Of Pronouncement : 26.09.2023 Order Per B.R. Baskaran, Am: The Revenue Has Filed This Appeal Challenging The Order Dated 02.07.2008 Passed By The Ld.Cit(A)-Ii, Kanpur & It Relates To The Assessment Year 2000-01. The Only Ground Raised By The Revenue Reads As Under:- “That The Ld.Cit(Appeal) Ii, Kanpur Has Erred In Law & On Facts In Deleting The Entire Income Of The Assesse As Exempt & Without Appreciating That The Addition By The Ao On The Points Of Depreciation, Gratuity, P.F., Penalty Provisions For Npa & Disallowance Of Share Capital Deposits Are Not Covered U/S 80P(2)(A)(I) Of The I.T. Act.” 2. We Have Heard The Parties & Perused The Record. The Assesse Was Earlier Known As Kanpur Kshatriya Gramin Bank. It Has Been Amalgamated Into Baroda U.P. Bank. The Assessee Filed The Return Of Income For The Year Under Consideration Declaring Nil Income After Claiming Deduction U/S 80P(2)(A)(I) Of The Act. The Ao Took The View That The Assessee Is Not Eligible For The Above-Said Deduction For The Reason That The Assessee Had Engaged Itself During The Year In Normal Banking Business. Accordingly, He Rejected The Claim For Deduction U/S 80P(2)(A)(I) Of The Act. The Ao Also Made Various Additions To The Business Income Returned By The Assessee. The Assessee Had Declared A Net Profit Of Rs.5.69 Crores & The Ao Computed Total Income At Rs.10.85 Crores.

depreciation, gratuity, P.F., penalty provisions for NPA and disallowance of share capital deposits are not covered u/s 80P(2)(a)(i) of the I.T. Act.” 2. We have

DY. COMMISSIONER OF INCOME TAX, CIRCLE - 01,, VARANASI vs. M/S RATANDEEP GOLD & DIAMOND PVT. LTD., CHANDAULI

Bench: Shri Vijay Pal Rao & Shri Ramit Kocharassessment Year: 2017-18 The Deputy Commissioner M/S Ratandeep Gold & Diamond Of Income Tax, V. Pvt. Ltd. Circle-1, M A Road, 19, New Mohal, Varanasi-211001, U.P. Near Balika Inter College, Mugalsarai, Chandauli- 232101, U.P. Pan:Aahcr4764Q (Appellant) (Respondent) C.O. No. 02/Vns/2021 (Arising Out Of Ita No. 136/Vns/2020) Assessment Year: 2017-18 M/S Ratandeep Gold & The Deputy Commissioner Of Diamond Pvt. Ltd. V. Income Tax,Circle-1, M.A. Road 19, New Mohal, Varanasi-211001, U.P. Near Balika Inter College, Mugalsarai, Chandauli- 232101, U.P.

depreciation of Rs. 5,70,537/-). Hence, the remaining AY:2017-18 DCIT , Circle-1, Varanasi , U.P. v. M/s. Ratandeep Gold & Diamond Pvt. Ltd.,Chandauli,U.P. expenses debited after date of survey viz. 05.10.2017 were disallowed

MOUSAMI CHOUDHURY,VARANASI vs. DY. CIT, RANGE - 02,, VARANASI

In the result , the appeal filed the assessee in ITA No

Bench: Shri Vijay Pal Rao & Shri Ramit Kochar

disallowance of loss claimed, if return of the previous year for which set off of loss is claimed was furnished beyond the due date specified under sub-section (1) of section 139; (iv) disallowance of expenditure indicated in the audit report but not taken into account in computing the total income in the return; (v) disallowance of deduction claimed under

MOUSAMI CHOUDHURY,VARANASI vs. DY. CIT, RANGE - 2, VARANASI

In the result , the appeal filed the assessee in ITA No

Bench: Shri Vijay Pal Rao & Shri Ramit Kochar

disallowance of loss claimed, if return of the previous year for which set off of loss is claimed was furnished beyond the due date specified under sub-section (1) of section 139; (iv) disallowance of expenditure indicated in the audit report but not taken into account in computing the total income in the return; (v) disallowance of deduction claimed under