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

19 and 20 all of 2022 arise from the Assessment Orders for Assessment Year 2012-13, 2013-14, 2015-16, 2016-17 and 2014-15 respectively, whereas the :-4-: Income Tax Appeal No. 23 of 2022 and Income Tax Appeals (Defective) Nos. 17, 21, 24 and 22 all of 2022 arise from the Penalty orders under Section 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

19 and 20 all of 2022 arise from the Assessment Orders for Assessment Year 2012-13, 2013-14, 2015-16, 2016-17 and 2014-15 respectively, whereas the :-4-: Income Tax Appeal No. 23 of 2022 and Income Tax Appeals (Defective) Nos. 17, 21, 24 and 22 all of 2022 arise from the Penalty orders under Section 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

19 and 20 all of 2022 arise from the Assessment Orders for Assessment Year 2012-13, 2013-14, 2015-16, 2016-17 and 2014-15 respectively, whereas the :-4-: Income Tax Appeal No. 23 of 2022 and Income Tax Appeals (Defective) Nos. 17, 21, 24 and 22 all of 2022 arise from the Penalty orders under Section 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

19 and 20 all of 2022 arise from the Assessment Orders for Assessment Year 2012-13, 2013-14, 2015-16, 2016-17 and 2014-15 respectively, whereas the :-4-: Income Tax Appeal No. 23 of 2022 and Income Tax Appeals (Defective) Nos. 17, 21, 24 and 22 all of 2022 arise from the Penalty orders under Section 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

19 and 20 all of 2022 arise from the Assessment Orders for Assessment Year 2012-13, 2013-14, 2015-16, 2016-17 and 2014-15 respectively, whereas the :-4-: Income Tax Appeal No. 23 of 2022 and Income Tax Appeals (Defective) Nos. 17, 21, 24 and 22 all of 2022 arise from the Penalty orders under Section 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

19 and 20 all of 2022 arise from the Assessment Orders for Assessment Year 2012-13, 2013-14, 2015-16, 2016-17 and 2014-15 respectively, whereas the :-4-: Income Tax Appeal No. 23 of 2022 and Income Tax Appeals (Defective) Nos. 17, 21, 24 and 22 all of 2022 arise from the Penalty orders under Section 271

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

Penalty proceedings u/s 271AAA is being initiated separately on this point. (Addition of Rs. 8,06,04,299/-) That is how the addition of Rs. 8,06,04,299/- was made by the AO, which was the first addition made by the AO , w.r.t. differential in value of stock based on seized material vis-à-vis stock found

SANJAY TIWARI,GORAKHPUR vs. INCOME TAX OFFICER, WARD - 2(1), GORAKHPUR

In the result, the appeal of the assessee is allowed for statistical purposes

Bench: Shri. Vijay Pal Rao & Shri Ramit Kocharassessment Year: 2015-16 Sanjay Tiwari V. The Ito Prop. Tiwari Automobiles Ward 2(1) Bewari Chowk, Gola Bazar Gorakhpur Gorakhpur Pan:Agupt4822H (Appellant) (Respondent) Appellant By: None Respondent By: Shri A. K. Singh, D.R. Date Of Hearing: 09 02 2023 Date Of Pronouncement: 13 02 2023 O R D E R

2) of the Act on 21.9.2017, but there was no response from the assessee. Thereafter, a notice under section 142(1) of the Act was issued on 25.9.2017, in response to which the ld. A. R. of the assessee appeared and sought adjournment. Thereafter, the Assessing Officer issued notices under section 142(1) of the Act, but there

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

2 arid para 3 respectively of its reply dated 02.11.2018 has failed to state M/s Avantika Infraventures (P) Ltd. any reason or establish any relation for advancement of such loan. Again in its reply dated 22.11.2018 the assessee has submitted that, "It is pertinent to mention that the assessee company has received/made interest free loan/advances from Tulsiani Construction & Developers

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

2 arid para 3 respectively of its reply dated 02.11.2018 has failed to state M/s Avantika Infraventures (P) Ltd. any reason or establish any relation for advancement of such loan. Again in its reply dated 22.11.2018 the assessee has submitted that, "It is pertinent to mention that the assessee company has received/made interest free loan/advances from Tulsiani Construction & Developers