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

iii) The basic composition of assessee bank is very close to composition of a company. iv) Regional Rural Bank Act prohibits introduction of any other shareholder. v) Regional Rural Bank is a profit earning organization whereas a co-operative society is a non-profit entity functioning on the principles of mutuality. vi) The assessee bank is functioning at par with

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

iii) The basic composition of assessee bank is very close to composition of a company. iv) Regional Rural Bank Act prohibits introduction of any other shareholder. v) Regional Rural Bank is a profit earning organization whereas a co-operative society is a non-profit entity functioning on the principles of mutuality. vi) The assessee bank is functioning at par with

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

iii) The basic composition of assessee bank is very close to composition of a company. iv) Regional Rural Bank Act prohibits introduction of any other shareholder. v) Regional Rural Bank is a profit earning organization whereas a co-operative society is a non-profit entity functioning on the principles of mutuality. vi) The assessee bank is functioning at par with

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

iii) The basic composition of assessee bank is very close to composition of a company. iv) Regional Rural Bank Act prohibits introduction of any other shareholder. v) Regional Rural Bank is a profit earning organization whereas a co-operative society is a non-profit entity functioning on the principles of mutuality. vi) The assessee bank is functioning at par with

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

iii) The basic composition of assessee bank is very close to composition of a company. iv) Regional Rural Bank Act prohibits introduction of any other shareholder. v) Regional Rural Bank is a profit earning organization whereas a co-operative society is a non-profit entity functioning on the principles of mutuality. vi) The assessee bank is functioning at par with

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.

1. During the Course of Survey proceedings u/s 133A conducted on 05.10.2018, in your statement u/s 133A which was recorded on 05/10/2018(sic. 05.10.2017) in Q. 21, you were asked to explain undisclosed profit in your accounts during the FY 2016- 17 on the basis of data retrieved from your computer amounting to Rs 6,81,81,364/- in reference