M/S AVANTIKA INFRAVENTURE (P) LTD.,,ALLAHABAD vs. DCIT, CENTRAL CIRCLE,, VARANASI

In the result, the appeals of the assessee for the Assessment Years

Bench: Shri.Vijay Pal Rao & Shri Ramit Kochar

section 36(i)(iii) of the Act, turns out to be Rs. 12,10,134/-. In light of the facts presented in preceding paras, proportionate amount is being disallowed and added back to the income of the assessee. Penalty proceedings u/s 271

DY. C. I. T., CIRCLE - 1, GORAKHPUR vs. BARODA UTTAR PRADESH GRAMIN BANK NOW AMALGAMATED WITH BARODA U.P. BANK, GORAKHPUR

In the result, the appeals of the Revenue are dismissed and the Cross Objections of the assessee are allowed

Bench: Shri. B. R. Baskaran & Shri Amit Shukla

disallowed and added back to the total income. Penalty notice u/s 271(1) (c) is being issued separately. 6. Section

DY. C. I. T., CIRCLE - 1, GORAKHPUR vs. BARODA UTTAR PRADESH GRAMIN BANK NOW AMALGAMATED WITH BARODA U. P.. BANK, GORAKHPUR

In the result, the appeals of the Revenue are dismissed and the Cross Objections of the assessee are allowed

Bench: Shri. B. R. Baskaran & Shri Amit Shukla

disallowed and added back to the total income. Penalty notice u/s 271(1) (c) is being issued separately. 6. Section

DY. C. I. T., CIRCLE - 1, GORAKHPUR vs. BARODA UTTAR PRADESH GRAMIN BANK NOW AMALGAMATED WITH BARODA U.P. BANK, GORAKHPUR

In the result, the appeals of the Revenue are dismissed and the Cross Objections of the assessee are allowed

Bench: Shri. B. R. Baskaran & Shri Amit Shukla

disallowed and added back to the total income. Penalty notice u/s 271(1) (c) is being issued separately. 6. Section

DY. C. I. T., CIRCLE - 1, GORAKHPUR vs. BARODA UTTAR PRADESH GRAMIN BANK NOW AMALGAMATED WITH BARODA U.P. BANK, GORAKHPUR

In the result, the appeals of the Revenue are dismissed and the Cross Objections of the assessee are allowed

Bench: Shri. B. R. Baskaran & Shri Amit Shukla

disallowed and added back to the total income. Penalty notice u/s 271(1) (c) is being issued separately. 6. Section

DY. C. I. T., CIRCLE - 1, GORAKHPUR vs. BARODA UTTAR PRADESH GRAMIN BANK NOW AMALGAMATED WITH BARODA U.P. BANK, GORAKHPUR

In the result, the appeals of the Revenue are dismissed and the Cross Objections of the assessee are allowed

Bench: Shri. B. R. Baskaran & Shri Amit Shukla

disallowed and added back to the total income. Penalty notice u/s 271(1) (c) is being issued separately. 6. Section

DY. C. I. T., CIRCLE - 1, GORAKHPUR vs. BARODA UTTAR PRADESH GRAMIN BANK NOW AMALGAMATED WITH BARODA U.P. BANK, GORAKHPUR

In the result, the appeals of the Revenue are dismissed and the Cross Objections of the assessee are allowed

Bench: Shri. B. R. Baskaran & Shri Amit Shukla

disallowed and added back to the total income. Penalty notice u/s 271(1) (c) is being issued separately. 6. Section

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)

271 122. Tax (OSD), Circle-1, Gorakhpur PAN : AAACT8708R (Appellant) (Respondent) I.T.A. No. 13/VNS/2023 (A.Y. 2020-21) The Mahabir Jute Mills Ltd., Vs. Asst. Director of Income Tax, Sahjanwah, Gorakhpur 273 209. CPC, Bengaluru PAN : AAACT8708R (Appellant) (Respondent) I.T.A. No. 448/ALLD/2014 (A.Y. 2009-10) I.T.A. No. 217/ALLD/2017 (A.Y. 2014-15) Dy. Commissioner of Income Tax, Vs. The Mahabir Jute Mills

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)

271 122. Tax (OSD), Circle-1, Gorakhpur PAN : AAACT8708R (Appellant) (Respondent) I.T.A. No. 13/VNS/2023 (A.Y. 2020-21) The Mahabir Jute Mills Ltd., Vs. Asst. Director of Income Tax, Sahjanwah, Gorakhpur 273 209. CPC, Bengaluru PAN : AAACT8708R (Appellant) (Respondent) I.T.A. No. 448/ALLD/2014 (A.Y. 2009-10) I.T.A. No. 217/ALLD/2017 (A.Y. 2014-15) Dy. Commissioner of Income Tax, Vs. The Mahabir Jute Mills

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)

271 122. Tax (OSD), Circle-1, Gorakhpur PAN : AAACT8708R (Appellant) (Respondent) I.T.A. No. 13/VNS/2023 (A.Y. 2020-21) The Mahabir Jute Mills Ltd., Vs. Asst. Director of Income Tax, Sahjanwah, Gorakhpur 273 209. CPC, Bengaluru PAN : AAACT8708R (Appellant) (Respondent) I.T.A. No. 448/ALLD/2014 (A.Y. 2009-10) I.T.A. No. 217/ALLD/2017 (A.Y. 2014-15) Dy. Commissioner of Income Tax, Vs. The Mahabir Jute Mills

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)

271 122. Tax (OSD), Circle-1, Gorakhpur PAN : AAACT8708R (Appellant) (Respondent) I.T.A. No. 13/VNS/2023 (A.Y. 2020-21) The Mahabir Jute Mills Ltd., Vs. Asst. Director of Income Tax, Sahjanwah, Gorakhpur 273 209. CPC, Bengaluru PAN : AAACT8708R (Appellant) (Respondent) I.T.A. No. 448/ALLD/2014 (A.Y. 2009-10) I.T.A. No. 217/ALLD/2017 (A.Y. 2014-15) Dy. Commissioner of Income Tax, Vs. The Mahabir Jute Mills

SHAILESH MANI TRIPATHI,GORAKHPUR vs. ACIT, CIRCLE - 1,, GORAKHPUR

In the result, appeal of the assessee in ITA No

Bench: Shri.Vijay Pal Rao & Shri Ramit Kocharassessment Year: 2013-14 Shailesh Mani Tripathi, Acit, Circle-1 384-E Infront Of Var- V. Gorakhpur, U.P. Vadhu Marriage House,Aarogyamandir, Shahpurrapti Nagar, Gorakhpur-273001, U.P. Pan:Aefpt 5272A (Appellant) (Respondent)

disallowed to the tune of Rs.58,496/- and bringing to tax an interest income on refund of income-tax to the tune of Rs.5483/- which stood 5 Assessment Year: 2013-14 Shailesh Mani Tripathi v. ACIT added by the AO in the hands of the assessee as the same were not declared by the assessee in its return of income

M/S BANARAS SWARN KALA KENDRA PVT. LTD.,,VARANASI vs. ACIT, CC, VARANASI

Bench: Shri Vijay Pal Rao & Shri Ramit Kocharassessment Year: 2011-12 M/S. Banaras Swarn Kala Kendra Pvt. Ltd., The Assistant Commissioner Of Ck-65/70A, Bari Piari, V. Income Tax, Varanasi-221002, U.P. Central Circle, Aaykar Bhawan, M A Road, Varanasi-221002, U.P. Pan:Aaccb1623M (Appellant) (Respondent) Assesseeby: Shri A.K. Pandey, Advocate Revenue By: Shri Neeraj Kumar, Cit Dr Date Of Hearing: 25.08.2022 Date Of Pronouncement: 21.11.2022

disallowance of bad debts amounting to Rs. 1,85,572/- is concerned, the tribunal dismissed the ground raised by asessee as not being pressed. The order of the tribunal dated 05.01.2021 is reproduced hereunder: “4. We have heard the rival parties and have gone through the material placed on record. We find that a search & seizure operation

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

271(1) (c) is initiated separately for furnishing inaccurate particulars of income.” 7. The assessee challenged the action of the AO before the CIT(A) and contended that the AO has assessed the interest on FDR as income from other sources instead of part of net profit. It was contended that the assessee is a civil contractor and the FDRs