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18 results for “house property”+ Section 13(1)(e)clear

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Key Topics

Section 143(3)24Section 80P24Section 2(15)12Addition to Income11Search & Seizure9Section 69B8Section 132A8Section 118Section 1325

VARANASI DEVELOPMENT AUTHORITY,VARANASEE vs. ASSISTANT COMMISSIONER OF INCOME TAX (EXEMPTION), LUCKNOW

In the result appeal filed by assessee in ITA no

ITA 266/ALLD/2017[2013-14]Status: DisposedITAT Varanasi06 Jul 2022AY 2013-14

Bench: Shri Vijay Pal Rao & Shri Ramit Kochar

For Appellant: ShriAshishBansal, AdvocateFor Respondent: ShriSunil Bajpai, CIT- D.R
Section 11Section 12Section 12ASection 143(3)Section 2(15)

properties, dues realizable etc. shall revert back to State Government. The ld. CIT(A) relied upon several judicial precedents to hold that the assessee is not entitled for deduction u/s 11 to 13 of the 1961 Act, as its activities/affairs are run on commercial lines with an intent to make profits, and clearly the assessee is hit by proviso

Section 142(1)4
Exemption4
Deduction3

VARANASI DEVELOPMENT AUTHORITY,VARANASEE vs. ASSISTANT COMMISSIONER OF INCOME TAX (EXEMPTION), LUCKNOW

In the result appeal filed by assessee in ITA no

ITA 267/ALLD/2017[2014-15]Status: DisposedITAT Varanasi06 Jul 2022AY 2014-15

Bench: Shri Vijay Pal Rao & Shri Ramit Kochar

For Appellant: ShriAshishBansal, AdvocateFor Respondent: ShriSunil Bajpai, CIT- D.R
Section 11Section 12Section 12ASection 143(3)Section 2(15)

properties, dues realizable etc. shall revert back to State Government. The ld. CIT(A) relied upon several judicial precedents to hold that the assessee is not entitled for deduction u/s 11 to 13 of the 1961 Act, as its activities/affairs are run on commercial lines with an intent to make profits, and clearly the assessee is hit by proviso

M/S. VARANASI DEVELOPMENT AUTHORITY,VARANASI vs. ASSISTANT COMMISSIONER OF INCOME TAX , VARANASI

In the result appeal filed by assessee in ITA no

ITA 264/ALLD/2017[2011-12]Status: DisposedITAT Varanasi06 Jul 2022AY 2011-12

Bench: Shri Vijay Pal Rao & Shri Ramit Kochar

For Appellant: ShriAshishBansal, AdvocateFor Respondent: ShriSunil Bajpai, CIT- D.R
Section 11Section 12Section 12ASection 143(3)Section 2(15)

properties, dues realizable etc. shall revert back to State Government. The ld. CIT(A) relied upon several judicial precedents to hold that the assessee is not entitled for deduction u/s 11 to 13 of the 1961 Act, as its activities/affairs are run on commercial lines with an intent to make profits, and clearly the assessee is hit by proviso

M/S. VARANASI DEVELOPMENT AUTHORITY,VARANASI vs. DEPUTY COMMISSIONER OF INCOME TAX (EXEMPTION), VARANASI

In the result appeal filed by assessee in ITA no

ITA 265/ALLD/2017[2012-13]Status: DisposedITAT Varanasi06 Jul 2022AY 2012-13

Bench: Shri Vijay Pal Rao & Shri Ramit Kochar

For Appellant: ShriAshishBansal, AdvocateFor Respondent: ShriSunil Bajpai, CIT- D.R
Section 11Section 12Section 12ASection 143(3)Section 2(15)

properties, dues realizable etc. shall revert back to State Government. The ld. CIT(A) relied upon several judicial precedents to hold that the assessee is not entitled for deduction u/s 11 to 13 of the 1961 Act, as its activities/affairs are run on commercial lines with an intent to make profits, and clearly the assessee is hit by proviso

N.E. RAILWAY EMPLOYEES MULTI STATE PRIMARY COOPARATIVE BANK LTD.,,GORAKHPUR vs. ACIT, RANGE - 01,, GORAKHPUR

In the result, the appeals of the assessee for the assessment years 2009-

ITA 82/VNS/2018[2014-2015]Status: DisposedITAT Varanasi09 Jun 2022AY 2014-2015

Bench: Hon’Ble Sh. Vijay Pal Rao & Hon’Ble Sh. Ramit Kocharay: 2009-10 Ay: 2013-14 Ay: 2014-15 N.E. Railway Employees Multi State V. Acit, Primary Co-Operative Bank Ltd., Range-1, Gorakhpur Railway Colony, Mohaddipur Road, Gorakhpur, U.P. Pan-Aaajn0595P (Appellant) (Respondent) Appellant By: Anil Kumar Pandey, Advocate Respondent By: Sh. A.K. Singh, Sr. D.R. Date Of Hearing: 24.05.2022 Date Of Pronouncement: 09.06.2022 O R D E R

For Appellant: Anil Kumar Pandey, AdvocateFor Respondent: Sh. A.K. Singh, Sr. D.R
Section 142(1)Section 143(3)Section 156Section 4Section 80PSection 80P(2)(a)

e) in respect of any income derived by the co-operative society from the letting of godowns or warehouses82 for storage, processing or facilitating the marketing of commodities82, the whole of such income; (f) in the case of a co-operative society, not being a housing society or an urban consumers' society or a society carrying on transport business

N.E. RAILWAY EMPLOYEES MULTI STATE PRIMARY CO-OPRATIVE BANK LTD., ,GORAKHPUR vs. ACIT, RANGE - 01,, GORAKHPUR

In the result, the appeals of the assessee for the assessment years 2009-

ITA 80/VNS/2018[2009-2010]Status: DisposedITAT Varanasi09 Jun 2022AY 2009-2010

Bench: Hon’Ble Sh. Vijay Pal Rao & Hon’Ble Sh. Ramit Kocharay: 2009-10 Ay: 2013-14 Ay: 2014-15 N.E. Railway Employees Multi State V. Acit, Primary Co-Operative Bank Ltd., Range-1, Gorakhpur Railway Colony, Mohaddipur Road, Gorakhpur, U.P. Pan-Aaajn0595P (Appellant) (Respondent) Appellant By: Anil Kumar Pandey, Advocate Respondent By: Sh. A.K. Singh, Sr. D.R. Date Of Hearing: 24.05.2022 Date Of Pronouncement: 09.06.2022 O R D E R

For Appellant: Anil Kumar Pandey, AdvocateFor Respondent: Sh. A.K. Singh, Sr. D.R
Section 142(1)Section 143(3)Section 156Section 4Section 80PSection 80P(2)(a)

e) in respect of any income derived by the co-operative society from the letting of godowns or warehouses82 for storage, processing or facilitating the marketing of commodities82, the whole of such income; (f) in the case of a co-operative society, not being a housing society or an urban consumers' society or a society carrying on transport business

N.E. RAILWAY EMPLOYEES MULTI STATE PRIMARY COOPERATIVE BANK LTD.,,GORAKHPUR vs. ACIT, RANGE - 01, GORAKHPUR

In the result, the appeals of the assessee for the assessment years 2009-

ITA 81/VNS/2018[2013-2014]Status: DisposedITAT Varanasi09 Jun 2022AY 2013-2014

Bench: Hon’Ble Sh. Vijay Pal Rao & Hon’Ble Sh. Ramit Kocharay: 2009-10 Ay: 2013-14 Ay: 2014-15 N.E. Railway Employees Multi State V. Acit, Primary Co-Operative Bank Ltd., Range-1, Gorakhpur Railway Colony, Mohaddipur Road, Gorakhpur, U.P. Pan-Aaajn0595P (Appellant) (Respondent) Appellant By: Anil Kumar Pandey, Advocate Respondent By: Sh. A.K. Singh, Sr. D.R. Date Of Hearing: 24.05.2022 Date Of Pronouncement: 09.06.2022 O R D E R

For Appellant: Anil Kumar Pandey, AdvocateFor Respondent: Sh. A.K. Singh, Sr. D.R
Section 142(1)Section 143(3)Section 156Section 4Section 80PSection 80P(2)(a)

e) in respect of any income derived by the co-operative society from the letting of godowns or warehouses82 for storage, processing or facilitating the marketing of commodities82, the whole of such income; (f) in the case of a co-operative society, not being a housing society or an urban consumers' society or a society carrying on transport business

SMT. SEEMA SHAH,VARANASI vs. ITO, WARD-2(2), VARANASI

In the result, appeal of the assessee in ITA No

ITA 211/ALLD/2017[2014-15]Status: DisposedITAT Varanasi27 May 2022AY 2014-15

Bench: Shri Vijay Pal Rao & Shri Ramit Kocharassessment Year: 2014-15 Smt. Seema Shah, Income Tax Officer, B-37/1F 2Kh, Haijnatha, Ward –2(2) V. Birdopur, Varanasi, U.P. Varanasi- 221010,Uttar Pradesh Pan:Aqpps9465C (Appellant) (Respondent)

For Appellant: NoneFor Respondent: Shri A.K. Singh, Sr. DR
Section 143(3)

1. That in any view of the matter addition of Rs. 13,99,840/- under the head 'Capital Gain’ made by the assessing officer and his action as confirmed by the Commissioner of Income Tax (Appeal) is highly, unjustified, incorrect and the appellant is liable to get benefit for investment made in the construction of another property while determining

DY. COMMISSIONER OF INCOME TAX, CIRCLE - 01,, VARANASI vs. SHRI GANESH PRASAD,, VARANASI

The appeal of the Revenue is allowed for statistical purposes

ITA 138/VNS/2020[2017-2018]Status: DisposedITAT Varanasi07 Feb 2023AY 2017-2018

Bench: Shri Vijay Pal Rao & Shri Ramit Kocharassessment Year: 2017-18 The Deputy Commissioner Of Income - Mr. Ganesh Prasad, Tax, V. S-6/108, Golghar Katchhari, Circle-1, Aayakarbhawan, Varanasi-221002, U.P. Maqboolalam Road Varanasi-221002, U.P.

For Appellant: Shri Subash Chand Adv. & Sh. Ashutosh BhardwajFor Respondent: Shri A.K. Singh, Sr. DR
Section 142(1)Section 143(2)Section 143(3)Section 69A

section 69. Could it be validly contended that the department has merely to allege that an assessee has made an investment, say, in house property or in shares or in bonds, without proving the factual existence of such an investment? There must be some starting point. It would be all too easy (and oppressive (sic) for an Income-tax Officer

PRAMOD KUMAR,BALLIA vs. DC/ACIT, CENTRAL CIRCLE, VARANASI

In the result, the appeals of the assessees are allowed

ITA 84/VNS/2023[2018-2019]Status: DisposedITAT Varanasi05 Oct 2023AY 2018-2019

Bench: Shri. B. R. Baskaran & Shri Amit Shuklaassessment Year:2018-19 Pramod Kumar V. The Dc/Acit, C/O D.P. Jewellers Central Circle Station Road, Chowk Varanasi Ballia Tan/Pan:Amypk5524D (Appellant) (Respondent) Assessment Year:2018-19 Kanchan Sarraf V. The Dc/Acit, C/O D.P. Jewellers Central Circle Station Road, Chowk Varanasi Ballia Tan/Pan:Ahnpd1118Q (Appellant) (Respondent) Assessment Year:2018-19 Yogesh Kumar Verma V. The Dc/Acit, C/O D.P. Jewellers Central Circle Station Road, Chowk Varanasi Ballia Tan/Pan:Amypk5523E (Appellant) (Respondent) Appellant By: S/Shri V.K. Jindal & Ashish Jindal, C.A. Respondent By: Shri Robin Chaudhary, Cit Date Of Hearing: 27 09 2023 Date Of Pronouncement: 05 10 2023 O R D E R

For Appellant: S/Shri V.K. Jindal & Ashish Jindal, C.AFor Respondent: Shri Robin Chaudhary, CIT
Section 132Section 142ASection 143(3)Section 69B

E R PER AMIT SHUKLA, J.M.: The aforesaid appeals have been filed by the above mentioned assessees against separate impugned orders dated :-2-: 8.8.2023 in the case of Pramod Kumar and Kanchan Sarraf for Assessment Year 2018-19; and order dated 17.10.2022 in the case of Yogsh Kumar Verma for Assessment Year 2018-19; passed

YOGESH KUMAR VERMA,BALLIA vs. DC/ACIT, CC, VARANASI

In the result, the appeals of the assessees are allowed

ITA 44/VNS/2022[2018-2019]Status: DisposedITAT Varanasi05 Oct 2023AY 2018-2019

Bench: Shri. B. R. Baskaran & Shri Amit Shuklaassessment Year:2018-19 Pramod Kumar V. The Dc/Acit, C/O D.P. Jewellers Central Circle Station Road, Chowk Varanasi Ballia Tan/Pan:Amypk5524D (Appellant) (Respondent) Assessment Year:2018-19 Kanchan Sarraf V. The Dc/Acit, C/O D.P. Jewellers Central Circle Station Road, Chowk Varanasi Ballia Tan/Pan:Ahnpd1118Q (Appellant) (Respondent) Assessment Year:2018-19 Yogesh Kumar Verma V. The Dc/Acit, C/O D.P. Jewellers Central Circle Station Road, Chowk Varanasi Ballia Tan/Pan:Amypk5523E (Appellant) (Respondent) Appellant By: S/Shri V.K. Jindal & Ashish Jindal, C.A. Respondent By: Shri Robin Chaudhary, Cit Date Of Hearing: 27 09 2023 Date Of Pronouncement: 05 10 2023 O R D E R

For Appellant: S/Shri V.K. Jindal & Ashish Jindal, C.AFor Respondent: Shri Robin Chaudhary, CIT
Section 132Section 142ASection 143(3)Section 69B

E R PER AMIT SHUKLA, J.M.: The aforesaid appeals have been filed by the above mentioned assessees against separate impugned orders dated :-2-: 8.8.2023 in the case of Pramod Kumar and Kanchan Sarraf for Assessment Year 2018-19; and order dated 17.10.2022 in the case of Yogsh Kumar Verma for Assessment Year 2018-19; passed

KANCHAN SARRAF,BALLIA vs. DC/ACIT, CENTRAL CIRCLE, VARANASI

In the result, the appeals of the assessees are allowed

ITA 85/VNS/2023[2018-2019]Status: DisposedITAT Varanasi05 Oct 2023AY 2018-2019

Bench: Shri. B. R. Baskaran & Shri Amit Shuklaassessment Year:2018-19 Pramod Kumar V. The Dc/Acit, C/O D.P. Jewellers Central Circle Station Road, Chowk Varanasi Ballia Tan/Pan:Amypk5524D (Appellant) (Respondent) Assessment Year:2018-19 Kanchan Sarraf V. The Dc/Acit, C/O D.P. Jewellers Central Circle Station Road, Chowk Varanasi Ballia Tan/Pan:Ahnpd1118Q (Appellant) (Respondent) Assessment Year:2018-19 Yogesh Kumar Verma V. The Dc/Acit, C/O D.P. Jewellers Central Circle Station Road, Chowk Varanasi Ballia Tan/Pan:Amypk5523E (Appellant) (Respondent) Appellant By: S/Shri V.K. Jindal & Ashish Jindal, C.A. Respondent By: Shri Robin Chaudhary, Cit Date Of Hearing: 27 09 2023 Date Of Pronouncement: 05 10 2023 O R D E R

For Appellant: S/Shri V.K. Jindal & Ashish Jindal, C.AFor Respondent: Shri Robin Chaudhary, CIT
Section 132Section 142ASection 143(3)Section 69B

E R PER AMIT SHUKLA, J.M.: The aforesaid appeals have been filed by the above mentioned assessees against separate impugned orders dated :-2-: 8.8.2023 in the case of Pramod Kumar and Kanchan Sarraf for Assessment Year 2018-19; and order dated 17.10.2022 in the case of Yogsh Kumar Verma for Assessment Year 2018-19; passed

SHRI GHANSHYAM JAISWAL,AZAMGARH vs. DY. CIT, CIRCLE - 01, GORAKHPUR

In the result, the appeals of the assessee in ITA No

ITA 17/VNS/2020[2012-2013]Status: DisposedITAT Varanasi16 Jan 2023AY 2012-2013

Bench: Ramit Kochar

Section 132ASection 143(3)(ii)Section 153ASection 250

E R These four appeals in I.T.A. No.14-17/VNS/2020 for assessment year’s(ay): 2009-10 to 2012-13 have been filed by the assessee challenging separate appellate orders all dated 22.10.2019 passed by learned Commissioner of Income-tax (Appeals)-Gorakhpur (Hereinafter called “CIT(A)” ) under section 250 of the Income-tax Act, 1961(hereinafter called “the Act”). These appeals were

SHRI GHANSHYAM JAISWAL,,AZAMGARH vs. DY. C.I.T., CIRCLE - 1, GORAKHPUR

In the result, the appeals of the assessee in ITA No

ITA 14/VNS/2020[2009-2010]Status: DisposedITAT Varanasi16 Jan 2023AY 2009-2010

Bench: Ramit Kochar

Section 132ASection 143(3)(ii)Section 153ASection 250

E R These four appeals in I.T.A. No.14-17/VNS/2020 for assessment year’s(ay): 2009-10 to 2012-13 have been filed by the assessee challenging separate appellate orders all dated 22.10.2019 passed by learned Commissioner of Income-tax (Appeals)-Gorakhpur (Hereinafter called “CIT(A)” ) under section 250 of the Income-tax Act, 1961(hereinafter called “the Act”). These appeals were

SHRI GHANSHYAM JAISWAL,AZAMGARH vs. DY.CIT, CIRCLE - 1,, GORAKHPUR

In the result, the appeals of the assessee in ITA No

ITA 15/VNS/2020[2010-2011]Status: DisposedITAT Varanasi16 Jan 2023AY 2010-2011

Bench: Ramit Kochar

Section 132ASection 143(3)(ii)Section 153ASection 250

E R These four appeals in I.T.A. No.14-17/VNS/2020 for assessment year’s(ay): 2009-10 to 2012-13 have been filed by the assessee challenging separate appellate orders all dated 22.10.2019 passed by learned Commissioner of Income-tax (Appeals)-Gorakhpur (Hereinafter called “CIT(A)” ) under section 250 of the Income-tax Act, 1961(hereinafter called “the Act”). These appeals were

SHRI GHANSHYAM JAISWAL,AZAMGARH vs. DY. CIT, CIRCLE - 1, GORAKHPUR

In the result, the appeals of the assessee in ITA No

ITA 16/VNS/2020[2011-2012]Status: DisposedITAT Varanasi16 Jan 2023AY 2011-2012

Bench: Ramit Kochar

Section 132ASection 143(3)(ii)Section 153ASection 250

E R These four appeals in I.T.A. No.14-17/VNS/2020 for assessment year’s(ay): 2009-10 to 2012-13 have been filed by the assessee challenging separate appellate orders all dated 22.10.2019 passed by learned Commissioner of Income-tax (Appeals)-Gorakhpur (Hereinafter called “CIT(A)” ) under section 250 of the Income-tax Act, 1961(hereinafter called “the Act”). These appeals were

ACIT, CC,, VARANASI vs. M/S D.S. INFRAHEIGHTS PVT. LTD.,, VARANASI

In the result, both the appeals of the revenue are dismissed

ITA 114/VNS/2020[2015-2016]Status: DisposedITAT Varanasi23 Nov 2023AY 2015-2016

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

Section 132Section 153CSection 69B

houses named Urban Woods I and Urban Woods II. As per the agreement, APIL shall hand over the possession of the land to the assessees herein after payment of 20-30% of the agreed consideration. APIL will allow marketing of the flats after payment of 50% of the agreed consideration. It was submitted that both the assesees have entered into

ACIT, CC, VARANASI vs. M/S VATIKA NIRMAN PVT. LTD.,, LUCKNOW

In the result, both the appeals of the revenue are dismissed

ITA 115/VNS/2020[2015-2016]Status: DisposedITAT Varanasi23 Nov 2023AY 2015-2016

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

Section 132Section 153CSection 69B

houses named Urban Woods I and Urban Woods II. As per the agreement, APIL shall hand over the possession of the land to the assessees herein after payment of 20-30% of the agreed consideration. APIL will allow marketing of the flats after payment of 50% of the agreed consideration. It was submitted that both the assesees have entered into