INCOME TAX APPEAL No. 86 of 2015 at Allahabad

1 IT Appeal No.86 of 2015 (Umang Agarwal vs. The Commissioner of Income Tax Central Circle and Anr.) Neutral Citation No. - 2025:AHC:43600-DB Reserved on 19.03.2025 Delivered on 26.03.2025 A.F.R. In Chamber Case :- INCOME TAX APPEAL No. - 86 of 2015 Appellant :- Umang Agarwal Respondent :- The Commissioner of Income Tax Central Circle and anr. Counsel for Appellant :- Rakesh Ranjan Agrawal,Suyash Agarwal Counsel for Respondent :- C.S.C.,Shubham Agrawal Hon'ble Shekhar B. Saraf,J. Hon'ble Kshitij Shailendra,J. (Delivered by Kshitij Shailendra,J.) 1. Heard Shri Manish Goyal, along with Shri Rakesh Ranjan Agrawal, both learned Senior Advocates, assisted by Shri Suyash Agarwal and Shri Nitin Kumar Kesarwani for the appellant and Shri Ashish Agrawal, learned counsel for the respondent-Income Tax Department. 2. The instant appeal under Section 260-A of the Income Tax Act, 1961 (in short ‘the Act’) has been filed by the assessee 2 IT Appeal No.86 of 2015 (Umang Agarwal vs. The Commissioner of Income Tax Central Circle and Anr.) challenging the judgement and order dated 25.08.2014 whereby the Income Tax Appellate Tribunal, Allahabad Bench, Allahabad has partly allowed ITA No.464/Alld./2005