ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(1), NAGPUR, NAGPUR vs. M/S. SUFLAM INFRA PROJECT LTD, NAGPUR

In the result, the departmental appeal is dismissed

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

144A; (ii) an order made by the [Joint] Commissioner in exercise of the powers or in the performance of the functions of an Assessing Officer conferred on, or assigned to, him under the orders or directions issued by the Board or by the [Principal Chief Commissioner or] Chief Commissioner or [Principal Director General or ] Director ITA NO.97/NAG/2019 & ITA NO. 46/NAG/2021

ASSISTANT COMMISSIONER OF INCOME TAX , CIRCLE-5, NAGPUR vs. SHRI MUKESH CHAMPALAL MALVIYA, NAGPUR

In the result, assessee's appeal is allowed for statistical purposes

gaining his confidence, Shri Deven Malviya, asked him to open an account in the assessee's name. Being a teacher in a Government Schools and as a Government employee he was unable to do so. But since Deven Malviya had shown a very rosy picture to the assessee, he fell under his influence and, therefore, on his suggestion, the appellant

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

capital gains because these\nwere created out of bank deposits made in the bank accounts of the\nassessees after the money transferred from the account of M/s. Alfa India.\nNo telescopic benefit have been given as it was out of the source deposited\nin the bank accounts of the assessees. Netting of the money left have also\nnot been considered

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

capital gains because these\nwere created out of bank deposits made in the bank accounts of the\nassessees after the money transferred from the account of M/s. Alfa India.\nNo telescopic benefit have been given as it was out of the source deposited\nin the bank accounts of the assessees. Netting of the money left have also\nnot been considered

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

capital gains because these\nwere created out of bank deposits made in the bank accounts of the\nassessees after the money transferred from the account of M/s. Alfa India.\nNo telescopic benefit have been given as it was out of the source deposited\nin the bank accounts of the assessees. Netting of the money left have also\nnot been considered

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

capital gains because these\nwere created out of bank deposits made in the bank accounts of the\nassessees after the money transferred from the account of M/s. Alfa India.\nNo telescopic benefit have been given as it was out of the source deposited\nin the bank accounts of the assessees. Netting of the money left have also\nnot been considered

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

capital gains because these\nwere created out of bank deposits made in the bank accounts of the\nassessees after the money transferred from the account of M/s. Alfa India.\nNo telescopic benefit have been given as it was out of the source deposited\nin the bank accounts of the assessees. Netting of the money left have also\nnot been considered