M/S MAHESHWARI COAL BENEFICATION & INFRASTRUCTURE P. LTD,BILASPUR vs. ACIT CENTRAL CIRCLE-1(1), NAGPUR

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant Mmber

seizure action under section 132 of the Act was conducted on the assessee (i.e., Maheshwari Coal) situated at Bilaspur, on 11/07/2019, along with Shri Anil Mundra, director of the assessee, wherein some documents found/seized from the searched premises of the assessee. Notices dated 16/09/2020, under section 153A of the Act issued for the assessment year

M/S MAHESHWARI COAL BENEFICATION & INFRASTRUCTURE P LTD.,BILASPUR vs. ACIT CENTRAL CIRCLE 1(1), NAGPUR

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant Mmber

seizure action under section 132 of the Act was conducted on the assessee (i.e., Maheshwari Coal) situated at Bilaspur, on 11/07/2019, along with Shri Anil Mundra, director of the assessee, wherein some documents found/seized from the searched premises of the assessee. Notices dated 16/09/2020, under section 153A of the Act issued for the assessment year

M/S MAHESHWARI COAL BENEFICATION & INFRASTRUCTURE P LTD.,BILASPUR vs. ACIT CENTRAL CIRCLE 1(1), NAGPUR

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant Mmber

seizure action under section 132 of the Act was conducted on the assessee (i.e., Maheshwari Coal) situated at Bilaspur, on 11/07/2019, along with Shri Anil Mundra, director of the assessee, wherein some documents found/seized from the searched premises of the assessee. Notices dated 16/09/2020, under section 153A of the Act issued for the assessment year

M/S MAHESHWARI COAL BENEFICATION & INFRASTRUCTURE P LTD.,BILASPUR vs. ACIT CENTRAL CIRCLE 1(1), NAGPUR

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant Mmber

seizure action under section 132 of the Act was conducted on the assessee (i.e., Maheshwari Coal) situated at Bilaspur, on 11/07/2019, along with Shri Anil Mundra, director of the assessee, wherein some documents found/seized from the searched premises of the assessee. Notices dated 16/09/2020, under section 153A of the Act issued for the assessment year

DCIT-CC-1(3), NAGPUR, NAGPUR vs. R.B.S.D. AND F.N. DAS(EXPORT FIRM), VIZIANAGRAM

In the result, appeal filed by the Revenue is dismissed

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

search and seizure and survey operations no attempt should be made to obtain confession as to the undisclosed income. Any action on the contrary shall be viewed adversely. Further, in respect of pending assessment proceedings also, assessing officers should rely upon the evidences/materials gathered during the course of search/survey operations or thereafter while framing the relevant assessment orders

ACIT CENTRAL CIRCLE-1(3), NAGPUR vs. R.B.S.D. AND F.N. DAS (EXPORT FIRM), VIZIANAGARAM

In the result, appeal filed by the Revenue is dismissed

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

search and seizure and survey 9 R.B.S.D. And F.N. Das (Export Firm) ITA no.27/Nag./2024 operations no attempt should be made to obtain confession as to the undisclosed income. Any action on the contrary shall be viewed adversely. Further, In respect of pending assessment proceedings also, assessing officers should rely upon the evidences/materials gathered during the course of search/survey operations

ACIT-CENTRAL CIRCLE-1(3), NAGPUR vs. R.B.S.D. AND F.N. DAS (EXPORT FIRM), VIZIANAGARAM

In the result, appeal filed by the Revenue is dismissed

search and seizure action partner of the firm Shri Manvendra Mor in his\nstatement admitted the same expenditure as additional income of M/s RBSSD\n& FN Das for the relevant year. Such statements are reproduced by the\nAssessing Officer in his assessment order vide Page-21. Thus, the Assessing\nOfficer held that the explanation by the assessee with regard

DY. C.I.T. CENTRAL CIR.-2(2), NAGPUR vs. SHRI DHARAMPAL R.AGRAWAL, NAGPUR

In the result, Revenue’s appeal stands dismissed

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

search and seizure operations. Assessee has produced documents along with written explanation that this quotation was for Shree Agrawal Coal India P. Ltd. and the work of repairs to building was started in FY 2011-12. The AO has not made a finding based on any definite evidence that this expenditure was incurred by the assessee and the same

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), NAGPUR vs. M/S. AAKAR HOTELS, NAGPUR

In the result, appeal of the revenue is dismissed

TDS of Rs. 3,30,000/- on account of\npurchase of property from M/s Aakar Hotels.\n2.\nOn the facts and in circumstances of the case, the Ld CIT(A) erred in\ndeleting the addition of Rs.2,67,14,897/- on account of long term capital gain,\nwithout considering the fact that the sale deed /assignment deed itself shows\ncomplete

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, AKOLA, NAGPUR vs. RBSD AND FN DAS, NAGPUR

In the result, appeal by the Revenue stands dismissed

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

search and seizure operation in Radhika Group, a survey was conducted on 25/08/2021, at the office premises of the assessee situated at Vizianagram. The assessee filed original return of income under section 139(1) of the Act on 01/11/2017, declaring total income of ` 3,52,80,278. The case was selected for complete scrutiny and an assessment order was passed

DY. C.I.T. CENTRAL CIR2(2), NAGPUR vs. M/S SHREE AGRAWAL COAL INDIA PVT. LTD.,, NAGPUR

In the result, Revenue’s appeal stands dismissed

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

seizure operation conducted under section 132, on 24/09/2012, statutory notice under section 153A of the Act was issued. In the high pitched assessment under section 143(3) r/w section 153A, the Assessing Officer made various additions by examining the Profit & Loss Account, Tax Audit Report determining total assessed income at ` 41,20,69,270, by making following additions:– 1. Addition

DY. C.I.T. CENTRAL CIR.-2(2), NAGPUR vs. M/S SHREE AGRAWAL FINANCE INDIA P. LTD.,, NAGPUR

In the result, Revenue’s appeal is dismissed

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

search and seizure operation under section 132, notice under section 153A of the Act was issued on 24/09/2012. In the high pitched assessment under section 143(3) r/w section 153A of the Act the Assessing Officer made various additions by examining the Profit & Loss Account, Tax Audit Report and assessed income was computed at ` 8,14,83,740. Claim

SHAILESH CHAMPAKLAL VAKHARIA,NAGPUR vs. ASSISSTANT COMMISSIONER OF INCOME (CENTRAL) CIRCLE - 1(1), NAGPUR

In the result, appeal filed by the assessee stands allowed

Bench: Shri Narender Kumar Choudhry & Shri K.M. Roy, Accountant, Member

search and seizure action u/s 132 the Income Tax Act 1961 was conducted on 01-07-2019 in the case of Parag Vakharia in connection with the Swami Fuels Pvt. Ltd Group. Document Annexure A/3 Page 1to 143 was seized from residence of Parag Vakharia son of Suresh Vakharia. It is seen that page number 4 to 7 of document

ASSISTANT COMISSIONER CENTRAL CIRCLE 1(3), NAGPUR vs. M/S SHRIGOPAL RAMESHKUMAR SALES PVT. LTD , NAGPUR

In the result, appeal filed by the Revenue is dismissed

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

seizure action under section 132(1) of the Income Tax Act, 1961 ("the Act") was conducted on 12/02/2015, by the Investigation Wing at the office, residential and factory premises of Rander Group. During the course of action under section 132, at the office premises of the assessee, certain documents were seized. These documents allegedly contained information about cash payments made