DCIT, CIRCLE-2, NAGPUR, NAGPUR vs. NARESH LAXMINARAYAN GROVER, NAGPUR

In the result, all these three appeals for the A

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

invested during the peak then sale those shares at low value thereby claiming either Long Term Capital Loss or Short Term Capital Loss. d. Thus, on carefully reading and analyzing the modus operandi stated in the investigation report, it is clearly seen that investors has transacted in penny stock either to earn exempt LTCG or bogus LTCL / STCL. Nowhere

DCIT, CIRCLE-2, NAGPUR, NAGPUR vs. NARESH LAXMINARAYAN GROVER, NAGPUR

In the result, all these three appeals for the A

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

invested during the peak then sale those shares at low value thereby claiming either Long Term Capital Loss or Short Term Capital Loss. d. Thus, on carefully reading and analyzing the modus operandi stated in the investigation report, it is clearly seen that investors has transacted in penny stock either to earn exempt LTCG or bogus LTCL / STCL. Nowhere

ACIT-CENTRAL CIRCLE -2(1), NAGPUR vs. SHRI NANDKUMAR KHATTUMAL HARCHANDANI , NAGPUR

In the result, appeal of the Revenue stands dismissed

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

capital gain and to avoid paying taxes and have also been forwarded the details of transactions entered into by the assessee. The learned assessing officer has not any provided the details forwarded by Investigation Wing, Kolkatta as well as statement of persons, whose statement were recorded during the course of investigation made by the Pr. Director of Income Tax (Investigation

ACIT-CENTRAL CIRCLE -2(1), NAGPUR vs. SHRI NANDKUMAR KHATTUMAL HARCHANDANI , NAGPUR

capital gain and to avoid paying taxes and have also been forwarded the details of transactions entered into by the assessee. The learned assessing officer has not any provided the details forwarded by Investigation Wing, Kolkatta as well as statement of persons, whose statement were recorded during the course of investigation made by the Pr. Director of Income Tax (Investigation

RAJESH SARDA,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(2), NAGPUR

In the result, the addition of undisclosed income under section 68 is deleted

Bench: Shri Pawan Singh & Shri Khettra Mohan Roy(Physical Hearing) Rajesh Sarda, Acit, Central Circle – 2(2), Nagpur 14, Daga Lay–Out, Ambazari Road, Vs Aayakar Bhawan, Civil Lines, Nagpur – 440033. Maharashtra – 440001. [Pan: Ahaps4925M] Appellant / Assessee Respondent / Revenue Assessee By Shri K.P. Dewani, Advocate Revenue By Shri Pankaj Kumar, Cit–Dr Date Of Hearing 16.02.2026 Date Of Pronouncement 24.02.2026 Order Under Section 254(1) Of Income Tax Act

gain on sale of shares of Kailash Auto Finance Ltd. and Premier Capital Services Ltd. is genuine, the assessee has Rajesh Sarda (AY2015-16) ITA 44/Nag/2022 furnished complete documentary evidence during the assessment which includes Sauda Summary Report, copy of client ID, allotment letter of shares, consent letter of assessee, contract notes of Premier Capital Securities Ltd., purchase of share

DY. COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1(1), NAGPUR vs. SHRI SANJAY GAURISHANKAR AGRAWAL , NAGPUR

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

capital gains amounting to ` 94,60,989, on the sale of the said equity shares. On 11/04/2011, the assessee purchased 20,000 shares of Esaar (India) Ltd. @ ` 5 per share aggregating to ` 1,00,000, through a broker M/s Uttam Commodities Pvt. Ltd. Payment for purchase of these shares was made by cheque bearing 8 Shri Sanjay Gaurishankar Agrawal

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

In the result, Revenue’s appeal being ITA no

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

capital gain of Rs.17.33.880/- on sale of shares claimed exempt u/s.10(38). 7. On the facts and in the circumstances of the case and in law, the learned CIT(A) has erred in deleting the addition made by the Assessing Officer on account of disallowance of legal and professional charges of Rs. 2,25,310/-. 8. On the facts

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

In the result, Revenue’s appeal being ITA no

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

capital gain of Rs.17.33.880/- on sale of shares claimed exempt u/s.10(38). 7. On the facts and in the circumstances of the case and in law, the learned CIT(A) has erred in deleting the addition made by the Assessing Officer on account of disallowance of legal and professional charges of Rs. 2,25,310/-. 8. On the facts

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 being ITA no

capital gain of Rs.17.33.880/- on sale of shares\nclaimed exempt u/s.10(38).\n7. On the facts and in the circumstances of the case and in law, the learned\nCIT(A) has erred in deleting the addition made by the Assessing Officer on\naccount of disallowance of legal and professional charges of Rs. 2,25,310/-.\n8. On the facts

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

In the result, Revenue's appeal being ITA no

capital gain of Rs.17.33.880/- on sale of shares\nclaimed exempt u/s.10(38).\n7. On the facts and in the circumstances of the case and in law, the learned\nCIT(A) has erred in deleting the addition made by the Assessing Officer on\naccount of disallowance of legal and professional charges of Rs. 2,25,310/-.\n8. On the facts

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 being ITA no

capital gain of Rs.17.33.880/- on sale of shares\nclaimed exempt u/s.10(38).\n7. On the facts and circumstances of the case and in law, the learned\nCIT(A) has erred in deleting the addition made by the Assessing Officer on\naccount of disallowance of legal and professional charges of Rs. 2,25,310/-.\n8. On the facts and circumstances

M/S. FATEMA SHOEB HUSSAIN,,NAGPUR vs. ITO, WARD- 2(4),, NAGPUR

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

investment / deposit in cash and/or by cheques in bank account, etc., and (ii) by estimating income of construction business of M/s.Maria Construction. With regard to assessee's travel business of M.B. Travels also, the Assessing Officer made two types of addition – (i) on account of alleged unexplained deposit/receipt; and (ii) by estimating income of Travel business. Thus, in respect

MISS FATEMA SHOEB HUSSAIN,,NAGPUR vs. ITO, WARD- 2(4),, NAGPUR

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

investment / deposit in cash and/or by cheques in bank account, etc., and (ii) by estimating income of construction business of M/s.Maria Construction. With regard to assessee's travel business of M.B. Travels also, the Assessing Officer made two types of addition – (i) on account of alleged unexplained deposit/receipt; and (ii) by estimating income of Travel business. Thus, in respect

M/S. FATEMA SHOEB HUSSAIN,,NAGPUR vs. ITO, WARD- 2(4),, NAGPUR

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

investment / deposit in cash and/or by cheques in bank account, etc., and (ii) by estimating income of construction business of M/s.Maria Construction. With regard to assessee's travel business of M.B. Travels also, the Assessing Officer made two types of addition – (i) on account of alleged unexplained deposit/receipt; and (ii) by estimating income of Travel business. Thus, in respect

M/S. FATEMA SHOEB HUSSAIN,,NAGPUR vs. ITO, WARD- 2(4),, NAGPUR

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

investment / deposit in cash and/or by cheques in bank account, etc., and (ii) by estimating income of construction business of M/s.Maria Construction. With regard to assessee's travel business of M.B. Travels also, the Assessing Officer made two types of addition – (i) on account of alleged unexplained deposit/receipt; and (ii) by estimating income of Travel business. Thus, in respect

M/S. FATEMA SHOEB HUSSAIN,,NAGPUR vs. ITO, WARD- 2(4),, NAGPUR

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

investment / deposit in cash and/or by cheques in bank account, etc., and (ii) by estimating income of construction business of M/s.Maria Construction. With regard to assessee's travel business of M.B. Travels also, the Assessing Officer made two types of addition – (i) on account of alleged unexplained deposit/receipt; and (ii) by estimating income of Travel business. Thus, in respect

MISS FATEMA SHOEB HUSSAIN,,NAGPUR vs. ITO, WARD- 2(4),, NAGPUR

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

investment / deposit in cash and/or by cheques in bank account, etc., and (ii) by estimating income of construction business of M/s.Maria Construction. With regard to assessee's travel business of M.B. Travels also, the Assessing Officer made two types of addition – (i) on account of alleged unexplained deposit/receipt; and (ii) by estimating income of Travel business. Thus, in respect

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

Capital Gain declared by the assessee and computed by the Assessing Officer after considering the DVO‟s valuation report. It is an undisputed fact that the assessee has disclosed sale consideration of the land as Rs.1,10,00,000/-. During the scrutiny assessment proceedings reference was made to DVO for the valuation of property. The DVO vide report dated