PRITAM SINGH CHARAN SINGH GUJJAR,NAGPUR vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-4,, NAGPUR

In the result, appeal filed by the assessee is allowed

Bench: Shri V. Durga Rao

gains arising on sale of property by the assessee. The Assessing officer has not brought any evidence on record to show that the assessee has received any money other than the sale consideration mentioned in the sale deed. The Assessing officer worked out the difference in sale consideration shown by assessee and market value of the property for stamp duty

DY COMMISSIONER OF INOCME TAX , CIRCLE -2, NAGPUR vs. M/S N KUMAR CONSTRUCTION CO .PVT.LTD , NAGPUR

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

197-199/2012 in case of Commissioner of Income Tax-Central –Vs.- Smt. Sunita Dhadda and others 3) Judgment of Hon‘ble Income Tax Appellate Tribunal, Jaipur bench ―A‖ Jaipur dated 30/12/2011 vide ITA No. 751 & 852/JP/2011 in case of Smt. Sunita Dhadda –Vs.- Deputy Commissioner of Income Tax, Central Circle-2, Jaipur During the course of appellate proceeding

TAJSHREE AUTOWHEELS PRIVATE LIMITED,NAGPUR vs. ACIT CIRCLE-4, NAGPUR

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

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

gains by understatement of the consideration. This was real object and purpose of the enactment of sub-section (2) and the interpretation of this sub-section must fall in line with the advancement of that object and purpose. We must, therefore, accept as the underlying assumption of subsection (2) that there is understatement of consideration in respect of the transfer

DY COMMISSIONER OF INOCME TAX , CIRCLE -2, NAGPUR vs. M/S N KUMAR CONSTRUCTION CO .PVT.LTD , NAGPUR

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

197-199/2012 in case of Commissioner of Income Tax-Central –Vs.- Smt. Sunita Dhadda and others 3) Judgment of Hon‘ble Income Tax Appellate Tribunal, Jaipur bench ―A‖ Jaipur dated 30/12/2011 vide ITA No. 751 & 852/JP/2011 in case of Smt. Sunita Dhadda –Vs.- Deputy Commissioner of Income Tax, Central Circle-2, Jaipur 6. During the course of appellate proceeding

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