DY. COMMISSIONER OF INCOME TAX- CENTRAL-CIRCLE-2(1), NAGPUR, NAGPUR vs. JAYMAHAKALI SHIKSHAN SANSTHA, WARDHA

In the result, Revenue’s appeal for A

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

201 PAN – AAATJ1449G Assessee by : Shri Mahavir Atal Revenue by : Shri Sandipkumar Salunke Date of Hearing – 28/01/2025 Date of Order – 03/04/2025 O R D E R PER V. DURGA RAO, J.M. These appeals by the Revenue are directed against the impugned orders of even date 11/08/2023, passed by the learned Commissioner of Income Tax (Appeals)–3, Nagpur, [―learned

DY. COMMISSIONER OF INCOME TAX- CENTRAL-CIRCLE-2 (1), NAGPUR, NAGPUR vs. JAYMAHAKALI SHIKSHAN SANSTHA, WARDHA

In the result, Revenue’s appeal for A

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

201 PAN – AAATJ1449G Assessee by : Shri Mahavir Atal Revenue by : Shri Sandipkumar Salunke Date of Hearing – 28/01/2025 Date of Order – 03/04/2025 O R D E R PER V. DURGA RAO, J.M. These appeals by the Revenue are directed against the impugned orders of even date 11/08/2023, passed by the learned Commissioner of Income Tax (Appeals)–3, Nagpur, [―learned

ECONOMIC EXPLOSIVES LIMITED,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 1 (2), NAGPUR

In the result, appeal for the assessment year 2018–19 filed by the assessee is partly allowed

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

section 115JB of the Income-tax Act, 1961 as contended by the revenue by relying on the decision in the case of Appollo Tyres Ltd. (supra). 27. In this case since we have already held that in relevant assessment year 2010-11 the incentives "Interest subsidy' and 'Power subsidy' is a 'capital receipt and does not fall within the definition

ECONOMIC EXPLOSIVES LIMITED,NAGPUR vs. NATIONAL E ASSESSMENT CENTRE, NEW DELHI

In the result, appeal for the assessment year 2018–19 filed by the assessee is partly allowed

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

section 115JB of the Income-tax Act, 1961 as contended by the revenue by relying on the decision in the case of Appollo Tyres Ltd. (supra). 27. In this case since we have already held that in relevant assessment year 2010-11 the incentives "Interest subsidy' and 'Power subsidy' is a 'capital receipt and does not fall within the definition

ASSTT.COMMISSIONER OF INCOME TAX CIRCLE-5, NAGPUR vs. THE NIRMAL UJWAL CREDIT CO-OP SOCIETY LTD, NAGPUR

In the result, appeal for the A

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

depreciation, it clearly indicates the addition is made with the prejudice and unlawful way and therefore needs to be deleted. 18. Further not withstanding anything mentioned in above para, even otherwise, if the expenses on purchase of machines are disallowed, it would ultimately result in increase in gross total income, which is completely deductible under section 80P. Thus, the deduction

JEETENDRA CHANDRAKANT NAYAK,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOM TAX(OSD), NAGPUR

In the result, the appeal filed by the assessee is allowed

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

201 ITD 0829 (Mum. Trib.) Zainul Abedin Ghaswala vr. Commissioner of Income Tax (3) (2016) 159 ITD 0402 (Chen. Trib.) V.R.Usha vs. Income Tax Officer. (4) 2018 TaxPub (DT) 1319 (Mum. Trib.) Shri Jeetendra Chandrakant Nayak vs. ACIT (OSD) ITA no. 368/Nag./2023 Deputy Commissioner of Income Tax vs. Dawood Abdulhussain Gandhi (5) Judgment of Hon’ble Income Tax Appellate

ASSTT. COMMISSIONER OF INCOME TAX.CIRCLE-7, NAGPUR vs. M/S BALLARPUR INDUSTRIES LTD., GURGAON

Bench: Shri Shamim Yahya (Am) & Shri Ram Lal Negi (Jm) Assessment Year: 2008-09 The Acit, Circle-7, M/S Ballarpur Industries Ltd., Room No. 521, 5Th Floor, First India Palace, Gurgao Road, Mecl Building, Haryana Nagpur Vs. Pan : Aaacb5343E

201, 05,25,454/-. The return was processed u/s 143 (1) and order u/s 143 (3) was passed. Thereafter, notice u/s 148 was issued and in response thereof assessee asked the AO to treat the original return filed earlier as the return of income in response to notice u/s 148. Thereafter, notice u/s 143 (2) and the assessee was asked