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7 results for “transfer pricing”+ Section 4(4)(c)clear

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Key Topics

Section 143(3)11Section 270A8Survey u/s 133A7Section 2635Capital Gains5Long Term Capital Gains5Penny Stock5Revision u/s 2635Section 143(2)

KAHM PROPERTIES PVT. LTD.,VARANASI vs. DC/ACIT, CENTRAL CIRCLE, VARANASI

In the result, the appeal of the assessee is allowed

ITA 63/VNS/2023[2018-2019]Status: DisposedITAT Varanasi26 Sept 2023AY 2018-2019

Bench: Shri. B. R. Baskaran & Shri Amit Shuklaassessment Year:2018-19 M/S Kahm Properties Pvt. Ltd. V. The Dc/Acit B-21/192, Kamaccha Central Circle Varanasai Varanasi Tan/Pan:Aacck7739F (Appellant) (Respondent) Appellant By: Shri V. K. Jindal Respondent By: Shri A. K. Singh, D.R. Date Of Hearing: 26 09 2023 Date Of Pronouncement: 29 09 2023

For Appellant: Shri V. K. JindalFor Respondent: Shri A. K. Singh, D.R
Section 133ASection 139(1)Section 143(2)Section 270ASection 270A(9)

4) shall be deemed to be amount of income under-reported for the preceding year in the following order— :-7-: (a) the preceding year immediately before the year in which the receipt, deposit or investment appears, being the first preceding year; and (b) where the amount added or deducted in the first preceding year is not sufficient to cover

3
Section 133A2
Addition to Income2

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

In the result, appeal of the assessee is allowed

ITA 252/VNS/2019[2015-2016]Status: DisposedITAT Varanasi07 Dec 2023AY 2015-2016
Section 143(3)Section 263

4. Notice under section 142(1) dated 28.06.2017 179 5. - Reply to above referred notice dated 28.06.2017, 180-181 submitted on 29.06.2017 , along with Copies of : (i) Income & Expenditure Account of appellant HUF 182 as on 31.03.2015 183 (ii) Capital Account of HUF as on 31.03.2015 184 (iii) Balance Sheet as on 31.03.2015 6. 185 Additional information sought

VISHAL KANODIA,VARANASI vs. PCIT,, VARANASI

In the result, appeal of the assessee is allowed

ITA 85/VNS/2019[2014-2015]Status: DisposedITAT Varanasi07 Dec 2023AY 2014-2015
Section 143(3)Section 263

4. Notice under section 142(1) dated 28.06.2017 179 5. - Reply to above referred notice dated 28.06.2017, 180-181 submitted on 29.06.2017 , along with Copies of : (i) Income & Expenditure Account of appellant HUF 182 as on 31.03.2015 183 (ii) Capital Account of HUF as on 31.03.2015 184 (iii) Balance Sheet as on 31.03.2015 6. 185 Additional information sought

ANJU JHUNJHUNWALA,VARANASI vs. PCIT, VARANASI

In the result, appeal of the assessee is allowed

ITA 198/VNS/2019[2015-2016]Status: DisposedITAT Varanasi07 Dec 2023AY 2015-2016
Section 143(3)Section 263

4. Notice under section 142(1) dated 28.06.2017 179 5. - Reply to above referred notice dated 28.06.2017, 180-181 submitted on 29.06.2017 , along with Copies of : (i) Income & Expenditure Account of appellant HUF 182 as on 31.03.2015 183 (ii) Capital Account of HUF as on 31.03.2015 184 (iii) Balance Sheet as on 31.03.2015 6. 185 Additional information sought

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

In the result, appeal of the assessee is allowed

ITA 112/VNS/2020[2015-2016]Status: DisposedITAT Varanasi07 Dec 2023AY 2015-2016
Section 143(3)Section 263

4. Notice under section 142(1) dated 28.06.2017 179 5. - Reply to above referred notice dated 28.06.2017, 180-181 submitted on 29.06.2017 , along with Copies of : (i) Income & Expenditure Account of appellant HUF 182 as on 31.03.2015 183 (ii) Capital Account of HUF as on 31.03.2015 184 (iii) Balance Sheet as on 31.03.2015 6. 185 Additional information sought

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

In the result, appeal of the assessee is allowed

ITA 111/VNS/2020[2015-2016]Status: DisposedITAT Varanasi07 Dec 2023AY 2015-2016
Section 143(3)Section 263

4. Notice under section 142(1) dated 28.06.2017 179 5. - Reply to above referred notice dated 28.06.2017, 180-181 submitted on 29.06.2017 , along with Copies of : (i) Income & Expenditure Account of appellant HUF 182 as on 31.03.2015 183 (ii) Capital Account of HUF as on 31.03.2015 184 (iii) Balance Sheet as on 31.03.2015 6. 185 Additional information sought

DY. COMMISSIONER OF INCOME TAX, CIRCLE - 01,, VARANASI vs. M/S RATANDEEP GOLD & DIAMOND PVT. LTD., CHANDAULI

ITA 136/VNS/2020[2017-2018]Status: DisposedITAT Varanasi03 Feb 2023AY 2017-2018

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.

For Appellant: Shri Shishir Bajpai, CAFor Respondent: Shri Amalendu Nath Mishra, CIT DR
Section 143(3)Section 69A

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