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

In the result, Revenue's appeal being ITA no

depreciation of Rs.\n47,53,025/-.\n8. On the facts and circumstances of the case, the learned CIT(A) has erred in\ndeleting the addition made on account of unsecured loans being unexplained\ncredits Rs. 6,45,38,278/-.\n5\nM/s. Shree Agarwal\nCoal India Pvt. Ltd. & Group Cases\n9. On the facts and circumstances of the case, the learned

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

depreciation of Rs.\n47,53,025/-.\n8. On the facts and circumstances of the case, the learned CIT(A) has erred in\ndeleting the addition made on account of unsecured loans being unexplained\ncredits Rs. 6,45,38,278/-.\n5\nM/s. Shree Agarwal\nCoal India Pvt. Ltd. & Group Cases\n9. On the facts and circumstances of the case, the learned

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

depreciation of Rs.\n47,53,025/-.\n8. On the facts and circumstances of the case, the learned CIT(A) has erred in\ndeleting the addition made on account of unsecured loans being unexplained\ncredits Rs. 6,45,38,278/-.\n5\nM/s. Shree Agarwal\nCoal India Pvt. Ltd. & Group Cases\n9. On the facts and circumstances of the case, the learned

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

depreciation of Rs.\n47,53,025/-.\n8. On the facts and circumstances of the case, the learned CIT(A) has erred in\ndeleting the addition made on account of unsecured loans being unexplained\ncredits Rs. 6,45,38,278/-.\n4\nM/s. Shree Agarwal\nCoal India Pvt. Ltd. & Group Cases\n9. On the facts and circumstances of the case, the 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

unexplained money under section 69A to the interest income under head income from other sources, assessable as per normal provisions of the statute. The learned CIT(A) was of the opinion that invoking provisions of section 69A of the Act is 13 Jaymahakali Shikshan Sanstha A.Y. 2017–18, 2018–19 & 2019–20 unjustified as the source of interest is known

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

unexplained money under section 69A to the interest income under head income from other sources, assessable as per normal provisions of the statute. The learned CIT(A) was of the opinion that invoking provisions of section 69A of the Act is 13 Jaymahakali Shikshan Sanstha A.Y. 2017–18, 2018–19 & 2019–20 unjustified as the source of interest is known

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

unexplained money under section 69A to the interest income under head income from other sources, assessable as per normal provisions of the statute. The learned CIT(A) was of the opinion that invoking provisions of section 69A of the Act is 13 Jaymahakali Shikshan Sanstha A.Y. 2017–18, 2018–19 & 2019–20 unjustified as the source of interest is known

RAVINDRA MADANLAL KHANDELWAL,AKOLA vs. DCIT/ACIT CIRCLE , AKOLA

In the result, appeal filed by the assessee is allowed for statistical purposes

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

Depreciation 237031.00 6455114.65 Investments H 151015.00 Current Assets, Loans & Advances A Inventories I 6061250.00 B Sundry Debtors J 69813542.00 C Cash and Bank Balances K 605920.06 D Other Current Assets L 13197195.26 E Loans and Advances M 29524126.15 119202034.47 125808164.12 36 Ravindra Madanlal Khandelwal ITA no.375/Nag./2024 29. It is not clear as to how the Assessing Officer has rightfully

DY. C.I.T. CENTRAL CIR.-2(2), NAGPUR vs. SMT. ANJU A. SARAF, NAGPUR

In the result, all the appeals of the revenue, cross objections of the assessee are dismissed and appeals filed by the assessee are allowed

Bench: Shrisandeepgosain & Shriarunkhodpia

investment in plant and machinery was made in F.Y.2000-01 relevant to AY 2001-02 which is supported by books of accounts, bills and invoices etc. The machines like crushers, screening plant & excavators required for contention raised by the AR of the appellant that once the conditions stipulated u/s 80IB have been complied and eligibility stands determined in the initial year

DY. C.I.T. CENTRAL CIR.-2(2), NAGPUR vs. SMT. ANJU A. SARAF, NAGPUR

In the result, all the appeals of the revenue, cross objections of the assessee are dismissed and appeals filed by the assessee are allowed

Bench: Shrisandeepgosain & Shriarunkhodpia

investment in plant and machinery was made in F.Y.2000-01 relevant to AY 2001-02 which is supported by books of accounts, bills and invoices etc. The machines like crushers, screening plant & excavators required for contention raised by the AR of the appellant that once the conditions stipulated u/s 80IB have been complied and eligibility stands determined in the initial year

DY. C.I.T. CENTRAL CIR.-2(2), NAGPUR vs. SMT. ANJU SARAF, NAGPUR

In the result, all the appeals of the revenue, cross objections of the assessee are dismissed and appeals filed by the assessee are allowed

Bench: Shrisandeepgosain & Shriarunkhodpia

investment in plant and machinery was made in F.Y.2000-01 relevant to AY 2001-02 which is supported by books of accounts, bills and invoices etc. The machines like crushers, screening plant & excavators required for contention raised by the AR of the appellant that once the conditions stipulated u/s 80IB have been complied and eligibility stands determined in the initial year

DY. C.I.T. CENTRAL CIR.-2(2), NAGPUR vs. SMT. ANJU SARAF, NAGPUR

In the result, all the appeals of the revenue, cross objections of the assessee are dismissed and appeals filed by the assessee are allowed

Bench: Shrisandeepgosain & Shriarunkhodpia

investment in plant and machinery was made in F.Y.2000-01 relevant to AY 2001-02 which is supported by books of accounts, bills and invoices etc. The machines like crushers, screening plant & excavators required for contention raised by the AR of the appellant that once the conditions stipulated u/s 80IB have been complied and eligibility stands determined in the initial year

SMT. ANJU SARAF,,NAGPUR vs. A,C.I.T CENT CIR. 2(2), NAGPUR

In the result, all the appeals of the revenue, cross objections of the assessee are dismissed and appeals filed by the assessee are allowed

Bench: Shrisandeepgosain & Shriarunkhodpia

investment in plant and machinery was made in F.Y.2000-01 relevant to AY 2001-02 which is supported by books of accounts, bills and invoices etc. The machines like crushers, screening plant & excavators required for contention raised by the AR of the appellant that once the conditions stipulated u/s 80IB have been complied and eligibility stands determined in the initial year

SMT. ANJU SARAF,,NAGPUR vs. A,C.I.T CENT CIR. 2(2), NAGPUR

In the result, all the appeals of the revenue, cross objections of the assessee are dismissed and appeals filed by the assessee are allowed

Bench: Shrisandeepgosain & Shriarunkhodpia

investment in plant and machinery was made in F.Y.2000-01 relevant to AY 2001-02 which is supported by books of accounts, bills and invoices etc. The machines like crushers, screening plant & excavators required for contention raised by the AR of the appellant that once the conditions stipulated u/s 80IB have been complied and eligibility stands determined in the initial year

ACIT ,CIRCLE (EXEMPTION ),NAGPUR , NAGPUR vs. M/S SIPNA SHIKSHAN PRASARAK MANDAL ,AMRAVAI , AMRAVATI

In the result, the appeal filed by the Department is dismissed

Bench: Shri Sandeep Gosain, Jm & Shri Arun Khodpia, Am Assessment Year: 2013-14 The Acit, Vs. M/S. Sipnashikshan Prasarak Mandal Circle (Exemption), Badnera Road Amravati Amravati Pan No.:Aacts 1266 J Appellant Respondent Revenue By :Shripiyushkolhe (Cit-Dr) Assessee By: Shrihimeshdemble (Ca) Date Of Hearing: 26/04/2022 Date Of Pronouncement: 28/06/2022 Order Per: Sandeep Gosain, J.M. This Appeal Has Been Filed By The Department Against The Order Of The Ld. Cit (A)-4, Nagpur Dated 27/03/2017 Passed U/S 143(3) Of The Income Tax Act, 1961 For The A.Y. 2013-14 Wherein The Department Has Raised The Following Grounds Of Appeal.

unexplained corpus donation were deleted. We accordingly set aside the order of CIT(A) and delete the addition.” 14(C) Therefore, relying on the judgment of Hon’ble ITAT, Delhi in case of Hans Raj Samyak Society Vs. ADIT, ITA No. 882/Del/2011(A.Y 2007-08) Which has been upheld by the Hon’ble Delhi High Court in ITA No. 534/2012