2018 (8) TMI 728

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....ham Agarwal ORDER ( Per: Dinesh Kumar Singh, J.) 1. Present appeal under Section 260A of the Income Tax Act, 1961 (hereinafter referred to as "the Act") has been filed by the appellant-assessee against the order dated 28th September, 2015 passed by the Income Tax Appellate Tribunal, Allahabad Bench, Allahabad (hereinafter referred to as "Tribunal") in ITA Nos. 09, 10, 11/Alld/2015. 2. The rele....

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....gulate its functions, a policy was formulated whereby Tahbazari, Tahbazari-Vahan Stand and Balu-Morang, Gitti Bolder-Vahan Shulk is auctioned and authority letter is issued to the highest bidder. 5. The Assessing Officer (hereinafter referred to as "A.O." conducted a survey under Section 133-B of the Act on 3rd May, 2012. It was noticed that there were three kinds of auctions: (i) Tahbazari (ii) ....

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.... 764 Tahbazari 13,20,100/- 26,402/- 8,448/- 34,850/- 765 Tahbazari-Vahan Stand 29,91,600/- 59,832/- 19,146/- 78,978/- 766 Balu, Morang, Gitti vahan Shulk 19,04,000/- 38,080/- 12,186/- 50,266/- Totol 62,15,700/- 1,24,314/- 39,780/- 1,64,094/-   FY 2011-12   Amt Tax Int Total 764 Tahbazari 41,21200/- 82,424/- 16,485/- 98,909/- 765 Tahb....

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....to a contract or otherwise transfers any right or interest either in whole or in part in any parking lot or toll plaza or mine or quarry, to another person, other than a public sector company (hereafter in this section referred to as "licensee or lesse") for the use of such parking lot or toll plaza or mine or quarry for the purpose of business shall, at the time of debiting of the amount payable ....