ATUL MANOHARRAO YAMSANWAR,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE 2(1), NAGPUR

127 of the Act, after which the assessments were concluded. There is no mention of this important fact of transfer of cases from ACIT-1(1) to ACIT-2(1) in the Affidavits. The officers bluntly misrepresent that the case was discussed on real time basis with the ACIT-2(1) only, when, in fact, the assessee attended and submitted

ATUL MANOHARRAO YAMSANWAR,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE 2(1), NAGPUR

127 of the Act, after which the assessments were\nconcluded. There is no mention of this important fact of transfer of\ncases from ACIT-1(1) to ACIT-2(1) in the Affidavits. The officers bluntly\nmisrepresent that the case was discussed on real time basis with the\nACIT-2(1) only, when, in fact, the assessee attended and submitted

UMESH SADASHIV THAKRE ,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(1), NAGPUR

In the result, all the appeals filed by the assessee are allowed and all\nthe appeals filed by the Revenue are dismissed

127 of the Act, after which the assessments were\nconcluded. There is no mention of this important fact of transfer of\ncases from ACIT-1(1) to ACIT-2(1) in the Affidavits. The officers bluntly\nmisrepresent that the case was discussed on real time basis with the\nACIT-2(1) only, when, in fact, the assessee attended and submitted

UMESH SADASHIV THAKRE ,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(1), NAGPUR

127 of the Act, after which the assessments were concluded. There is no mention of this important fact of transfer of cases from ACIT-1(1) to ACIT-2(1) in the Affidavits. The officers bluntly misrepresent that the case was discussed on real time basis with the ACIT-2(1) only, when, in fact, the assessee attended and submitted

ATUL MANOHARRAO YAMSANWAR,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE 2(1), NAGPUR

2 days prior to the deadline\nthereby putting the approving authority under great pressure and not giving\nhim sufficient time to apply his mind; (ii) the final approval must be in\nwriting; (iii) The fact that approval has been obtained, should be mentioned\nin the body of the assessment order.”\n14. During the course of arguments, Id counsel

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), NAGPUR vs. ATUL YAMSANWAR , NAGPUR

In the result, all the appeals filed by the assessee are allowed and all\nthe appeals filed by the Revenue are dismissed

127 of the Act, after which the assessments were\nconcluded. There is no mention of this important fact of transfer of\ncases from ACIT-1(1) to ACIT-2(1) in the Affidavits. The officers bluntly\nmisrepresent that the case was discussed on real time basis with the\nACIT-2(1) only, when, in fact, the assessee attended and submitted

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), NAGPUR vs. ATUL YAMSANWAR , NAGPUR

In the result, all the appeals filed by the assessee are allowed and all\nthe appeals filed by the Revenue are dismissed

127 of the Act, after which the assessments were\nconcluded. There is no mention of this important fact of transfer of\ncases from ACIT-1(1) to ACIT-2(1) in the Affidavits. The officers bluntly\nmisrepresent that the case was discussed on real time basis with the\nACIT-2(1) only, when, in fact, the assessee attended and submitted

YRCE EDUCATE PVT. LTD,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(1), NAGPUR

127 of the Act, after which the assessments were\nconcluded. There is no mention of this important fact of transfer of\ncases from ACIT-1(1) to ACIT-2(1) in the Affidavits. The officers bluntly\nmisrepresent that the case was discussed on real time basis with the\nACIT-2(1) only, when, in fact, the assessee attended and submitted

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), NAGPUR vs. ATUL YAMSANWAR , NAGPUR

In the result, all the appeals filed by the assessee are allowed and all\nthe appeals filed by the Revenue are dismissed

2 days prior to the deadline thereby putting the\napproving authority under great pressure and not giving him sufficient time\nto apply his mind;\n(ii) the final approval must be in writing;\n(iii) The fact that approval has been obtained, should be mentioned in the\nbody of the assessment order.\n14. During the course of arguments, Id counsel

ATUL MANOHARRAO YAMSANWAR,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE 2(1), NAGPUR

In the result, all the appeals filed by the assessee are allowed and all\nthe appeals filed by the Revenue are dismissed

127 of the Act, after which the assessments were\nconcluded. There is no mention of this important fact of transfer of\ncases from ACIT-1(1) to ACIT-2(1) in the Affidavits. The officers bluntly\nmisrepresent that the case was discussed on real time basis with the\nACIT-2(1) only, when, in fact, the assessee attended and submitted

ATUL MANOHARRAO YAMSANWAR,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE 2(1), NAGPUR

In the result, all the appeals filed by the assessee are allowed and all\nthe appeals filed by the Revenue are dismissed

127 of the Act, after which the assessments were\nconcluded. There is no mention of this important fact of transfer of\ncases from ACIT-1(1) to ACIT-2(1) in the Affidavits. The officers bluntly\nmisrepresent that the case was discussed on real time basis with the\nACIT-2(1) only, when, in fact, the assessee attended and submitted

YRCE EDUCATE PVT. LTD,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(1), NAGPUR

In the result, all the appeals filed by the assessee are allowed and all\nthe appeals filed by the Revenue are dismissed

127 of the Act, after which the assessments were\nconcluded. There is no mention of this important fact of transfer of\ncases from ACIT-1(1) to ACIT-2(1) in the Affidavits. The officers bluntly\nmisrepresent that the case was discussed on real time basis with the\nACIT-2(1) only, when, in fact, the assessee attended and submitted

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCEL-2(1), NAGPUR vs. M/S. METROCITY HOMES, NAGPUR

In the result, appeal filed by the Revenue is dismissed

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

capital account of Shri Prashant Bongirwar, the common partner in both the firms. Hence, no addition ought to have been 9 M/s. Metrocity Homes A.Y. 2017–18 made on account of unexplained expenditure by the assessee. The assessee had mentioned the same during the assessment proceedings but had not been considered by the learned A.O while passing the assessment order

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), NAGPUR vs. ATUL YAMSANWAR , NAGPUR

127 of the Act, after which the assessments were\nconcluded. There is no mention of this important fact of transfer of\ncases from ACIT-1(1) to ACIT-2(1) in the Affidavits. The officers bluntly\nmisrepresent that the case was discussed on real time basis with the\nACIT-2(1) only, when, in fact, the assessee attended and submitted

PRECISION COMPONENT HIGHTECH LTD.,NAGPUR vs. ACIT CENTRAL CIRCLE 2(2), NAGPUR

In the result, assessee’s appeal is allowed as above for all the seven years

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

127 of the Act was passed by the learned PCIT–2, Nagpur, on 07/06/2018, and the case was centralized with the DCIT/ACiT, Central Circle–2(2), Nagpur. 6. During the search and seizure action under section 132 of the Act, in the case of M/s.Techno Precision Engineers Pvt. Ltd., it was noticed that Precision Component Hightech Ltd. ITA no.91

PRECISION COMPONENT HIGHTECH LTD,NAGPUR vs. ACIT CENTRAL CIRCLE 2(2), NAGPUR

In the result, assessee’s appeal is allowed as above for all the seven years

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

127 of the Act was passed by the learned PCIT–2, Nagpur, on 07/06/2018, and the case was centralized with the DCIT/ACiT, Central Circle–2(2), Nagpur. 6. During the search and seizure action under section 132 of the Act, in the case of M/s.Techno Precision Engineers Pvt. Ltd., it was noticed that Precision Component Hightech Ltd. ITA no.91

PRECISION COMPONENT HIGHTECH LTD,NAGPUR vs. ACIT CENTRAL CIRCLE 2(2), NAGPUR

In the result, assessee’s appeal is allowed as above for all the seven years

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

127 of the Act was passed by the learned PCIT–2, Nagpur, on 07/06/2018, and the case was centralized with the DCIT/ACiT, Central Circle–2(2), Nagpur. 6. During the search and seizure action under section 132 of the Act, in the case of M/s.Techno Precision Engineers Pvt. Ltd., it was noticed that Precision Component Hightech Ltd. ITA no.91

PRECISION COMPONENT HIGHTECH LTD.,NAGPUR vs. ACIT CENTRAL CIRCLE 2(2), NAGPUR

In the result, assessee’s appeal is allowed as above for all the seven years

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

127 of the Act was passed by the learned PCIT–2, Nagpur, on 07/06/2018, and the case was centralized with the DCIT/ACiT, Central Circle–2(2), Nagpur. 6. During the search and seizure action under section 132 of the Act, in the case of M/s.Techno Precision Engineers Pvt. Ltd., it was noticed that Precision Component Hightech Ltd. ITA no.91