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

In the result appeal filed by assessee in ITA no

Bench: Shri Vijay Pal Rao & Shri Ramit Kochar

31. But, in our opinion, the proviso under Section 2(15) is notretrospective. It has been added by the Finance Act, 2008 w.e.f. 1.4.2009 i.e. from A.Y. 2009-10. A provision can be regarded to be clarificatorywhen there is an ambiguity in the interpretation of the provision. Section 2(15), as it stood prior to the insertion of the proviso

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

In the result appeal filed by assessee in ITA no

Bench: Shri Vijay Pal Rao & Shri Ramit Kochar

31. But, in our opinion, the proviso under Section 2(15) is notretrospective. It has been added by the Finance Act, 2008 w.e.f. 1.4.2009 i.e. from A.Y. 2009-10. A provision can be regarded to be clarificatorywhen there is an ambiguity in the interpretation of the provision. Section 2(15), as it stood prior to the insertion of the proviso

VINOD KUMAR SARAF HUF,GORAKHPUR vs. PCIT,, GORAKHPUR

In the result, appeal of the assessee is allowed

2,00,000 (exit entries) shares in M/s Kailash Auto Finance Ltd. m. Copy of ledger A/c of Gopi Krishna Vinod Kumar (HUF) 247-249 maintained by Anuriti Multy Broking Pvt. Ltd. in their books. 250-251 n. Copy of Consolidated Statement of Sales and payment of 252 consideration to appellant, as provided by Anuriti Multy Broking

ANJU JHUNJHUNWALA,VARANASI vs. PCIT, VARANASI

In the result, appeal of the assessee is allowed

2,00,000 (exit entries) shares in M/s Kailash Auto Finance Ltd. m. Copy of ledger A/c of Gopi Krishna Vinod Kumar (HUF) 247-249 maintained by Anuriti Multy Broking Pvt. Ltd. in their books. 250-251 n. Copy of Consolidated Statement of Sales and payment of 252 consideration to appellant, as provided by Anuriti Multy Broking

SARVESH KUMAR AGARWAL HUF,VARANASI vs. PCIT,, VARANASI

In the result, appeal of the assessee is allowed

2,00,000 (exit entries) shares in M/s Kailash Auto Finance Ltd. m. Copy of ledger A/c of Gopi Krishna Vinod Kumar (HUF) 247-249 maintained by Anuriti Multy Broking Pvt. Ltd. in their books. 250-251 n. Copy of Consolidated Statement of Sales and payment of 252 consideration to appellant, as provided by Anuriti Multy Broking

VISHAL KANODIA,VARANASI vs. PCIT,, VARANASI

In the result, appeal of the assessee is allowed

2,00,000 (exit entries) shares in M/s Kailash Auto Finance Ltd. m. Copy of ledger A/c of Gopi Krishna Vinod Kumar (HUF) 247-249 maintained by Anuriti Multy Broking Pvt. Ltd. in their books. 250-251 n. Copy of Consolidated Statement of Sales and payment of 252 consideration to appellant, as provided by Anuriti Multy Broking

GOPI KRISHNA VINOD KUMAR HUF,GORAKHPUR vs. PCIT,, GORAKHPUR

In the result, appeal of the assessee is allowed

2,00,000 (exit entries) shares in M/s Kailash Auto Finance Ltd. m. Copy of ledger A/c of Gopi Krishna Vinod Kumar (HUF) 247-249 maintained by Anuriti Multy Broking Pvt. Ltd. in their books. 250-251 n. Copy of Consolidated Statement of Sales and payment of 252 consideration to appellant, as provided by Anuriti Multy Broking

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.

price of unregistered purchase is already less than other purchases there remains no scope for suppression of profit in this respect. I have gone through the facts and circumstances of the case. Appellant submitted the reconciliation of the value of the stock found during the survey with the value of actual stock as per audited statement and no adverse inference