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

section 68 only sets up a presumption against the assessee whenever unexplained credits are found in the books of account of the assessee. It cannot but be again said that the presumption is rebuttable. In refuting the presumption raised, the initial burden is on the assessee. This burden, which is placed on the assessee, shifts as soon as the assessee

PRAVIN MANSUKHLAL PATELIYA,HINGANGHAT vs. INCOME TAX OFFICER WARD-2, WARDHA

In the result, the appeal is allowed for statistical purpose

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

Section 143(3) of the Act, 1961 on 29.03.2014 determining total income at Rs.16,18,207. The AO passed the order u/s 144 r/w S.147 of the IT Act, 1961 and made disallowance

VIVIDHA KARYAKARI CO-OP SOCIETY,CHANDRAPUR vs. ITO WARD-2, CHANDRAPUR

In the result, appeal of the Assessee is allowed for statistical purposes

Bench: Shri Narender Kumar Choudhry

disallowances made by the A.O./CPC. Therefore, the assessee being aggrieved has preferred this instant appeal. 3. Admittedly, the jurisdictional High Court in the case of Trustee of Tulsidas Gopalji Charitable & Chaleshwar Temple Trust vs. CIT (207 ITR 368)(Bom–HC) has also dealt with an identical issue, wherein the return, by the assessee, was filed belatedly

DY. C.I.T. CENTRAL CIR.-2(2), NAGPUR vs. M/S SHREE AGRAWAL FINANCE INDIA P. LTD.,, NAGPUR

207, 2nd Floor\n216, Wardhman Nagar\nAayakar Bhavan, Civil Lines\nNagpur - 440008\nTelangkhedi Road\nNagpur - 440001\nPAN – AABCM6900C\n(Appellant)\n(Respondent)\nAssessee Represented by\nShri Sachin V. Luthra, CA\nRevenue Represented by\nShri Sandipkumar Salunke, CIT(DR)\nDate of conclusion of hearing\n23.01.2025\nDate of pronouncement of order\n21.03.2025\nORDER\nPER K.M. ROY, ACCOUNTANT MEMBER\nThe Revenue has filed

DY. C.I.T. CENTRAL CIR.-2(2), NAGPUR vs. M/S SHREE AGRAWAL FINANCE INDIA P. LTD.,, NAGPUR

In the result, appeals filed by the Revenue are dismissed

207, 2nd Floor\nAayakar Bhavan, Civil Lines\nTelangkhedi Road\nNagpur - 440001\n(Appellant)\nv. M/s. Mansa Agro Food Processing Pvt. Ltd.\n216, Wardhman Nagar\nNagpur - 440008\nPAN – AABCM6900C\n(Respondent)\nAssessee Represented by\nShri Sachin V. Luthra, CA\nRevenue Represented by\nShri Sandipkumar Salunke, CIT(DR)\nDate of conclusion of hearing\n23.01.2025\nDate of pronouncement of order\n21.03.2025\nORDER\nPER

DY. C.I.T. CENTRAL CIR.-2(2), NAGPUR vs. M/S MANSA AGRO FOOD PROCESSING PVT. LTD.,, NAGPUR

In the result, appeals filed by the Revenue are dismissed

207, 2nd Floor\nAayakar Bhavan, Civil Lines\nTelangkhedi Road\nNagpur - 440001\n(Appellant)\nv. M/s. Mansa Agro Food Processing Pvt. Ltd.\n216, Wardhman Nagar\nNagpur - 440008\nPAN – AABCM6900C\n(Respondent)\nAssessee Represented by\nShri Sachin V. Luthra, CA\nRevenue Represented by\nShri Sandipkumar Salunke, CIT(DR)\nDate of conclusion of hearing\n23.01.2025\nDate of pronouncement of order\n21.03.2025\nORDER\nPER

DY. C.I.T. CENTRAL CIR.-2(2), NAGPUR vs. M/S THANJAVUR COMMERCE PVT. LTD.,, NAGPUR

In the result, appeals filed by the Revenue are dismissed

207, 2nd Floor 216, Wardhman Nagar\nAayakar Bhavan, Civil Lines Nagpur - 440008\nTelangkhedi Road PAN – AABCM6900C\nNagpur - 440001\n(Appellant) (Respondent)\nAssessee Represented by : Shri Sachin V. Luthra, CA\nRevenue Represented by : Shri Sandipkumar Salunke, CIT(DR)\nDate of conclusion of hearing : 23.01.2025\nDate of pronouncement of order : 21.03.2025\nORDER\nPER K.M. ROY, ACCOUNTANT MEMBER\nThe Revenue has filed these

DY. C.I.T. CENTRAL CIR.-2(2), NAGPUR vs. M/S SHREE AGRAWAL FINANCE INDIA P. LTD.,, NAGPUR

In the result, appeals filed by the Revenue are dismissed

207, 2nd Floor\nAayakar Bhavan, Civil Lines\nTelangkhedi Road\nNagpur - 440001\n(Appellant)\nv. M/s. Mansa Agro Food Processing Pvt. Ltd.\n216, Wardhman Nagar\nNagpur - 440008\nPAN – AABCM6900C\n(Respondent)\nAssessee Represented by : Shri Sachin V. Luthra, CA\nRevenue Represented by : Shri Sandipkumar Salunke, CIT(DR)\nDate of conclusion of hearing : 23.01.2025\nDate of pronouncement of order : 21.03.2025\nORDER\nPER

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

In the result, appeals filed by the Revenue are dismissed

207, 2nd Floor\nAayakar Bhavan, Civil Lines\nTelangkhedi Road\nNagpur - 440001\n(Appellant)\nv. M/s. Mansa Agro Food Processing Pvt. Ltd.\n216, Wardhman Nagar\nNagpur - 440008\nPAN – AABCM6900C\n(Respondent)\nAssessee Represented by\nShri Sachin V. Luthra, CA\nRevenue Represented by\nShri Sandipkumar Salunke, CIT(DR)\nDate of conclusion of hearing\n23.01.2025\nDate of pronouncement of order\n21.03.2025\nORDER\nPER

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCEL-2(2), NAGPUR vs. AJAY VISHANDAS KAMNANI, NAGPUR

In the result, appeal filed by the Revenue is dismissed

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

207,385,901 226,603,279 1,906,424 0.84 2014–15 102,789,084 76,963,140 1,468,314 1.91 9. The Ld. A.O. ought to have considered the factual dictum of the case, nature of the assessee's business, the net profit margin of the assessee's business over the past years to conclude the net profit

SHRI KRUPA UDHYOG,AKOLA vs. DCIT AKOLA CIRCLE, AKOLA

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

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

section 133(6) of the Income Tax Act, 1961 ("the Act"). On being pointed out of the difference in amount confirmed vis–a–vis balance per books. The assessee furnished following submissions in support of its claim:– “1. Anis Traders Daryapur wer have purchase bill of amounting to ₹ 23,06,938/- in the last fifteen days of March