DCIT-CC-2(1), NAGPUR, NAGPUR vs. INDRAKUMAR GHISULAL AGRAWAL, NAGPUR

In the result, appeal by the assessee stands allowed

Bench: Shri Pawan Singh & Shri Khettra Mohan Roy

capital gain was wrongly claimed. 6.1 On the facts of case, no question of law much less substantial question of law arises. 7. Resultantly, appeal is dismissed.” [17] In view of the above, we are of the opinion that no question of law much less any substantial question of law arises from the impugned order passed by the Tribunal

DAYAL COTSPIN LIMITED,AKOLA vs. ACIT, AKOLA CIRCLE, AKOLA

In the result, appeal filed by the assessee is allowed

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

Gain (LTCG). Please explain in detail all such modes employed by you for providing accommodation entries. Ans. Sir, The modes employed by me for providing accommodation entries against commission are as under: 1. Subscription to share capital at premium:- Sir, in such cases shares of the companies of clients/beneficiaries are subscribed at high premium by the companies floated/managed/controlled

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

171 taxmann.com 842 (26/12/2024). In Maheshwari Coal, exactly same order under section 153D has been passed by the same authority, having same format, and exhibiting similar non-application of mind by the Approving Authority. For the sake of brevity, we are producing relevant portion of the said order:- “58. We have carefully considered the rival contentions, perused the orders

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

171 taxmann.com 842 (26/12/2024). In Maheshwari Coal, exactly\nsame order under section 153D has been passed by the same authority,\nhaving same format, and exhibiting similar non-application of mind by the\nApproving Authority. For the sake of brevity, we are producing relevant\nportion of the said order:-\n41\nUmesh Sadashiv Thakre

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

171 taxmann.com 842 (26/12/2024). In Maheshwari Coal, exactly\nsame order under section 153D has been passed by the same authority,\nhaving same format, and exhibiting similar non-application of mind by the\nApproving Authority. For the sake of brevity, we are producing relevant\nportion of the said order:-\n41\nUmesh Sadashiv Thakre

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

171 taxmann.com 842 (26/12/2024). In Maheshwari Coal, exactly same order under section 153D has been passed by the same authority, having same format, and exhibiting similar non-application of mind by the Approving Authority. For the sake of brevity, we are producing relevant portion of the said order:- “58. We have carefully considered the rival contentions, perused the orders

YRCE EDUCATE PVT. LTD,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\nassessee 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

171 taxmann.com 842 (26/12/2024). In Maheshwari Coal, exactly\nsame order under section 153D has been passed by the same authority,\nhaving same format, and exhibiting similar non-application of mind by the\nApproving Authority. For the sake of brevity, we are producing relevant\nportion of the said order:-\n“58. We have carefully considered the rival contentions, perused the orders

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

171 taxmann.com 842 (26/12/2024). In Maheshwari Coal, exactly\nsame order under section 153D has been passed by the same authority,\nhaving same format, and exhibiting similar non-application of mind by the\nApproving Authority. For the sake of brevity, we are producing relevant\nportion of the said order:-\n“58. We have carefully considered the rival contentions, perused the orders

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

171 taxmann.com 842 (26/12/2024). In Maheshwari Coal, exactly\nsame order under section 153D has been passed by the same authority,\nhaving same format, and exhibiting similar non-application of mind by the\nApproving Authority. For the sake of brevity, we are producing relevant\nportion of the said order:-\n41\nUmesh Sadashiv Thakre

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

171 taxmann.com 842 (26/12/2024). In Maheshwari Coal, exactly\nsame order under section 153D has been passed by the same authority,\nhaving same format, and exhibiting similar non-application of mind by the\nApproving Authority. For the sake of brevity, we are producing relevant\nportion of the said order:-\n“58. We have carefully considered the rival contentions, perused the orders

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

171 taxmann.com 842 (26/12/2024). In Maheshwari Coal, exactly\nsame order under section 153D has been passed by the same authority,\nhaving same format, and exhibiting similar non-application of mind by the\nApproving Authority. For the sake of brevity, we are producing relevant\nportion of the said order:-\n34\nUmesh Sadashiv Thakre

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

171 taxmann.com 842 (26/12/2024). In Maheshwari Coal, exactly\nsame order under section 153D has been passed by the same authority,\nhaving same format, and exhibiting similar non-application of mind by the\nApproving Authority. For the sake of brevity, we are producing relevant\nportion of the said order:-\n“58. We have carefully considered the rival contentions, perused the orders

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

171 taxmann.com 842 (26/12/2024). In Maheshwari Coal, exactly\nsame order under section 153D has been passed by the same authority,\nhaving same format, and exhibiting similar non-application of mind by the\nApproving Authority. For the sake of brevity, we are producing relevant\nportion of the said order:-\n41\nUmesh Sadashiv Thakre

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

171 taxmann.com 842 (26/12/2024). In Maheshwari Coal, exactly\nsame order under section 153D has been passed by the same authority,\nhaving same format, and exhibiting similar non-application of mind by the\nApproving Authority. For the sake of brevity, we are producing relevant\nportion of the said order:-\n“58. We have carefully considered the rival contentions, perused the orders