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

disallow exemption of section 11 of IT. Act merely on the addition of Rs.1,80,000/-received on rent, when the provisions of section 13(1)(c)(ii) read with section 13(3

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

disallow exemption of section 11 of IT. Act merely on the addition of Rs.1,80,000/-received on rent, when the provisions of section 13(1)(c)(ii) read with section 13(3

ITO WARD-1(1) NAGPUR, NAGPUR vs. ASHWAMI SALES AND MARKETING PVT.LTD, NAGPUR

In the result, appeal filed by the Revenue is dismissed

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

3. Facts in Brief:– The assessee respondent filed its return of income for the year under consideration on 29/09/2013, disclosing total loss of ` 1,98,082. The return of income was processed under section 143(1) of the Act and subsequently, the case was selected for scrutiny through CASS and the Assessing Officer, while completing the assessment, disallowance under section

ACIT, AMRAVATI CIRCLE, AMRAVATI vs. CHANDRAPUR DIST CENTRAL CO-OP BANK LTD, CHANDRAPUR

In the result, appeal filed by the Revenue is dismissed

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

13 Chandrapur District Central Co–operative Bank 21.40 crore. We also find that the assessee has claimed similar deduction in preceding assessment year which was disallowed by the Assessing Officer and confirmed by the learned CIT(A) and resultantly the authorities below levied penalty under section 271(1)(c) of the Act. When the matter in respect of levy

ACIT, CHANDRAPUR CIRCLE , CHANDRAPUR vs. CHANDRAPUR DISTT. CENTRAL CO-OP BANK LTD , CHANDRAPUR

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

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

section 36(1)(vii) of the Act, filed appeal before the first appellate authority. 12. The learned CIT(A) partly allowed the assessee’s claim by observing as under:– Chandrapur District Central Co–operative Bank “5.2 Ground No.2 to 4: In these grounds, the appellant has challenged the addition of Rs.1,86,04,975 on account of disallowance of deduction

ASSISTANT COMMISSIONER OF INCOME TAX , CHANDRAPUR CIRCLE , CHANDRAPUR vs. M/S CHANDRAPUR DISTRICT CENTRAL CO-OPRATIVE BANK LIMTED , CHANDRAPUR

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

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

section 36(1)(vii) of the Act, filed appeal before the first appellate authority. 12. The learned CIT(A) partly allowed the assessee’s claim by observing as under:– Chandrapur District Central Co–operative Bank “5.2 Ground No.2 to 4: In these grounds, the appellant has challenged the addition of Rs.1,86,04,975 on account of disallowance of deduction

DEPUTY COMMISSIONER OF INCOME TAX, AMRAVATI & CHANDRAPUR CIRCLE, AMRAVATI vs. CHANDRAPUR DISTRICT CENTRAL CO-OP BANK LTD., CHANDRAPUR

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

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

section 36(1)(vii) of the Act, filed appeal before the first appellate authority. 12. The learned CIT(A) partly allowed the assessee’s claim by observing as under:– Chandrapur District Central Co–operative Bank “5.2 Ground No.2 to 4: In these grounds, the appellant has challenged the addition of Rs.1,86,04,975 on account of disallowance of deduction

M/S BHAKTVASTAL SADGURU YOGIRAJ VASANTRAO GOPALRAO GHONGE MAHARAJ NYAS,,WARDHA vs. DY. C.I.T. CENTRL CIR.-1(1), NAGPUR

In the result, the appeals of assessee are allowed

Bench: Shri Sandeep Gosain, Jm & Shri Arun Khodpia, Am 1) Ita No.: 040/Nag/2017 - A.Y. 2011-12 2) Ita No.: 036/Nag/2017 - A.Y. 2007-08 3) Ita No.: 037/Nag/2017 - A.Y. 2008-09 4) Ita No.: 151/Nag/2017 - A.Y. 2009-10 5) Ita No.: 152/Nag/2017 - A.Y. 2010-11 6) Ita No.: 038/Nag/2017 - A.Y. 2009-10 (143 R.W.S. 263) 7) Ita No.: 039/Nag/2017 - A.Y. 2010-11 (143 R.W.S. 263) Bhaktvastal Sadguru Yogiraj Vasantrao Vs. The Dcit Gopalrao Ghonge Maharaj Nyas Central Circle 2(2) Mukteshwar, Behind Rashtrabhasha Nagpur Gharpure Layout, Nagri Bank Colony Wardha Pan No.:Aabtb 2675 F Appellant Respondent Assessee By: Shri K.P. Dewani, Ca Revenue By :Shri Piyush Kolhe (Cit-Dr) Date Of Hearing: 26/04/2022 Date Of Pronouncement: 28 /06 /2022 Order Per: Sandeep Gosain, J.M.

13 ITA 40,36,37,151,152,38 & 39/NAG/2017 BHAKTVASTAL SADGURU YOGIRAJ VASANTRAO GOPALRAO GHONGE MAHARAJ NYAS VS DCIT,CC-1(1), NAGPUR “A) Various observations on merits of trust being not valid by A.O. & CIT(A) are unjustified. B) Reliance on Gist of submission for Asstt. Year 2011-12 to submit that trust is valid trust and its income

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

C–2, Yogeshwar Ganga ..………. Appellant Apartments, Ramdaspeth, Nagpur 440 010 PAN – AETPS5421E v/s Asstt. Commissioner of Income Tax Central Circle–2(2), Aayakar Bhawan ..………. Respondent Civil Lines, Nagpur 440 001 ` Assessee by :Shri Sudesh Banthia Revenue by :Shri Piyush Kolhe Date of Hearing – 19.04.2022 Date of Order – 25.07.2022 O R D E R PER BENCH The captioned appeals have been

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

C–2, Yogeshwar Ganga ..………. Appellant Apartments, Ramdaspeth, Nagpur 440 010 PAN – AETPS5421E v/s Asstt. Commissioner of Income Tax Central Circle–2(2), Aayakar Bhawan ..………. Respondent Civil Lines, Nagpur 440 001 ` Assessee by :Shri Sudesh Banthia Revenue by :Shri Piyush Kolhe Date of Hearing – 19.04.2022 Date of Order – 25.07.2022 O R D E R PER BENCH The captioned appeals have been

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

C–2, Yogeshwar Ganga ..………. Appellant Apartments, Ramdaspeth, Nagpur 440 010 PAN – AETPS5421E v/s Asstt. Commissioner of Income Tax Central Circle–2(2), Aayakar Bhawan ..………. Respondent Civil Lines, Nagpur 440 001 ` Assessee by :Shri Sudesh Banthia Revenue by :Shri Piyush Kolhe Date of Hearing – 19.04.2022 Date of Order – 25.07.2022 O R D E R PER BENCH The captioned appeals have been

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

C–2, Yogeshwar Ganga ..………. Appellant Apartments, Ramdaspeth, Nagpur 440 010 PAN – AETPS5421E v/s Asstt. Commissioner of Income Tax Central Circle–2(2), Aayakar Bhawan ..………. Respondent Civil Lines, Nagpur 440 001 ` Assessee by :Shri Sudesh Banthia Revenue by :Shri Piyush Kolhe Date of Hearing – 19.04.2022 Date of Order – 25.07.2022 O R D E R PER BENCH The captioned appeals have been

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

C–2, Yogeshwar Ganga ..………. Appellant Apartments, Ramdaspeth, Nagpur 440 010 PAN – AETPS5421E v/s Asstt. Commissioner of Income Tax Central Circle–2(2), Aayakar Bhawan ..………. Respondent Civil Lines, Nagpur 440 001 ` Assessee by :Shri Sudesh Banthia Revenue by :Shri Piyush Kolhe Date of Hearing – 19.04.2022 Date of Order – 25.07.2022 O R D E R PER BENCH The captioned appeals have been

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

C–2, Yogeshwar Ganga ..………. Appellant Apartments, Ramdaspeth, Nagpur 440 010 PAN – AETPS5421E v/s Asstt. Commissioner of Income Tax Central Circle–2(2), Aayakar Bhawan ..………. Respondent Civil Lines, Nagpur 440 001 ` Assessee by :Shri Sudesh Banthia Revenue by :Shri Piyush Kolhe Date of Hearing – 19.04.2022 Date of Order – 25.07.2022 O R D E R PER BENCH The captioned appeals have been

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

3. Having gone through the first appellate order, we find that the issue raised is fully covered by the decision of Hon‟ble Jurisdictional High Court in the case of CIT Vs. Gem Plus Jewellery India Ltd. in ITA No. 2426 of 2009 dated 21.03.2010 holding that the appellant was eligible for additional claim u/s. 10A due to enhancement

M/S MAHESHWARI COAL BENEFICATION & INFRASTRUCTURE P LTD.,BILASPUR vs. ACIT CENTRAL CIRCLE 1(1), NAGPUR

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

disallowed by AO and added as undisclosed income Total ` 15,99,600 ` 4,42,757 ` 2,68,490 5. The issue involved in ground no.3, 4, 5 and 6, in the assessment year 2014–15, relates to the addition made on account of unexplained cash credit 3 Maheshwari Coal Beneficatgion & Infrastructure Pvt. Ltd. A.Y. 2014–15 to 2020–21 under

M/S MAHESHWARI COAL BENEFICATION & INFRASTRUCTURE P. LTD,BILASPUR vs. ACIT CENTRAL CIRCLE-1(1), NAGPUR

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

disallowed by AO and added as undisclosed income Total ` 15,99,600 ` 4,42,757 ` 2,68,490 5. The issue involved in ground no.3, 4, 5 and 6, in the assessment year 2014–15, relates to the addition made on account of unexplained cash credit 3 Maheshwari Coal Beneficatgion & Infrastructure Pvt. Ltd. A.Y. 2014–15 to 2020–21 under

M/S MAHESHWARI COAL BENEFICATION & INFRASTRUCTURE P LTD,BILASPUR vs. ACIT CENTRAL CIRCLE 1(1), NAGPUR

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

disallowed by AO and added as undisclosed income Total ` 15,99,600 ` 4,42,757 ` 2,68,490 5. The issue involved in ground no.3, 4, 5 and 6, in the assessment year 2014–15, relates to the addition made on account of unexplained cash credit 3 Maheshwari Coal Beneficatgion & Infrastructure Pvt. Ltd. A.Y. 2014–15 to 2020–21 under