NITIN MADANLAL KHANDELWAL,AKOLA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE - AKOLA, AKOLA

In the result, appeal filed by the assessee stands dismissed

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

disallowance of interest under section 57(ul) made by tHPAOP 2. Whether on the facts and circumstances of the case, the CIT (A) erred by not admitting additional evidence under rule 46A

ACIT, AKOLA CIRCLE, AKOLA vs. M/S. SHAHEEN FROZEN FOODS, AKOLA

In the result, appeal of the Revenue is allowed for statistical purpose

Bench: S.S.Godara & Dr. Dipak P. Ripoteआयकरअपीलसं. / Ita No.196/Nag/2017 िनधा"रणवष" / Assessment Year : 2013-14 The Assistant M/S.Shaheen Frozen Foods, Commissioner Of Income Vs C/O.Syedainuddin Khatib, Tax, Akola Circle, Akola. Syed Pur, Ward No.19, Balapur, Dist.Akola – 444302. Pan: Abtfs 3422 J Appellant/ Revenue Respondent /Assessee

disallowed assessee’s claim of deduction under section 35AD of Rs.10,39,93,933/-. The AO has given following reasons : i) Expenditure has not been incurred prior to the commencement of operations. ii) The cold storage plant was not ready as on 01.04.2012, but the business was started from 02.04.2012. iii) Assessee had not furnished documentary evidence like permission from

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

disallowance of interest expenses by admitting additional evidence under rule 46A of the I.T. Rules. 15. 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 of Rs. 22,39,003/-on account of unexplained investment in lands, by admitting additional evidence

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

disallowance of interest expenses by admitting additional evidence under rule 46A of the I.T. Rules. 15. 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 of Rs. 22,39,003/-on account of unexplained investment in lands, by admitting additional evidence

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 is dismissed

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

section 153A of the Act the Assessing Officer made various additions by examining the Profit & Loss Account, Tax Audit Report and assessed income was computed at ` 8,14,83,740. Claim u/s 24(a) from house property income (i) ` 1,36,709 disallowed Agricultural income has been treated as business (ii) ` 2,52,393 income Dividend income claimed exempt

THE VIDARBHA REGION LIFE INSURANCE CORPORATION EMPLOYEES CO OP SOCIETY LTD, ,NAGPUR vs. INCOME TAX OFFICER WARD 2(2), NAGPUR

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 80P of the Act is, therefore, questionable. The Assessing Officer, therefore, issued a show cause notice dated 20/12/2019 to The Vidarbha Region Life Insurance Corp. Employees Co–operative Society Ltd. ITA no.419/Nag./2023 the assessee society asking as to why the exemption claimed under Chapter VI of ` 1,97,83,227 should not be disallowed. The assessee

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

In the result, Revenue’s appeal stands dismissed

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

section 153A of the Act by making following additions after examining the Profit & Loss Account, Tax Audit Report determining total income of ` 20,88,76,440. Gold ornaments, Silver articles found at residence. 1. ` 65,62,158 Protective addition Gold ornaments, Silver articles etc. found in bank ` 50,47,355 2. locker and cash. Addition on protective basis Estimation

ACIT, CIRCLE- 3, NAGPUR vs. M/S SOLARIES HOLDING LTD.,, NEW DELHI

In the result, the appeal of the Revenue is dismissed

Bench: Shri Sandeep Gosain, Jm & Shri Arun Khodpia, Am Assessment Year: 2008-2009 The Acit Vs. M/S. Solaries Holdings Ltd. Circle-3, Thapar House, 124, Nagpur Janpath, New Delhi Panno.:Aahcs 59040 B Appellant Respondent Revenue By :Shripiyushkolhe (Cit-Dr) Assessee By: Shri K.P. Dewani (Adv.) Date Of Hearing: 18/04/2022 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-Ii, Nagpur Dated 01/09/2014 Passed U/S 143(3) Of The Income Tax Act, 1961 For The A.Y. 2008-09 Wherein The Department Has Raised The Following Grounds Of Appeal.

46A of the IT Rules. The said issue has already been elaborated upon in para 4.5 above wherein the reasons for remanding the matter are discussed. It is evident that the Id. AO has used unverified evidences in making the disallowance of purchase/sales as the statements of the parties, which were recorded and relied upon by the Id. AO during

DEPUTY COMMISSIONER OF INCOME TAX , CIRCLE-2, NAGPUR vs. M/S CENTRAL CABLES LTD, NAGPUR

In the result, appeal of the Revenue is allowed for statistical purpose

Bench: Shri S.S.Godara & Dr. Dipak P. Ripoteआयकर अपील सं. / Ita No.83/Nag/2020 िनधा"रण वष" / Assessment Year :2014-15 The Dy.Cit, M/S.Central Cables Ltd., Circle-2, Nagpur. V 5, Temple Road, Civil Lines, S Nagpur – 440001. Pan: Aaacc7036R Appellant / Revenue Respondent / Assessee Assessee By Shri Sunil Surana, Ca – Ar Revenue By Shri Kailash G.Kanojiya – Cit-Dr Date Of Hearing 24/01/2024 Date Of Pronouncement 31/01/2024 आदेश/ Order Per Dr. Dipak P. Ripote, Am: This Is An Appeal Filed By The Revenue Against The Order Of Ld.Commissioner Of Income Tax(Appeals)-2, Nagpur Dated 31.01.2020 Emanating From Assessment Order Under Section 143(3) Dated 28.12.2016 For A.Y.2014-15. The Grounds Of Appeal Raised By The Revenue Are As Under : “1. "Whether On The Facts & In The Circumstances Of The Case & In Law, The Ld Cit(A) -2, Was Justified On Account Of Allowing & Accepting The Trading Result Of The Assessee Despite Central Cables Ltd., [R]

disallowance of travelling expenses despite the audited books of accounts and supporting documents were not furnished before the A.O for verification and examination"? 3. "Whether in the facts and in the circumstances of the case and in law, the Ld,CIT(A)-2, Nagpur was justified on account of allowing the bad debts written off by the assessee

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

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

disallowance made out of expenditure claimed of Rs. 73,11,786/-on account of bad debts &EMD lapsed. iv) On the facts and circumstances of the case, the Id. CIT(A) erred in restricting to 10% the addition of Rs.88,30,079/- made by the AO on account of unaccounted purchases. v) The appellant craves to add, amend or delete

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

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

disallowance made out of expenditure claimed of Rs. 73,11,786/-on account of bad debts &EMD lapsed. iv) On the facts and circumstances of the case, the Id. CIT(A) erred in restricting to 10% the addition of Rs.88,30,079/- made by the AO on account of unaccounted purchases. v) The appellant craves to add, amend or delete

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

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

disallowance made out of expenditure claimed of Rs. 73,11,786/-on account of bad debts &EMD lapsed. iv) On the facts and circumstances of the case, the Id. CIT(A) erred in restricting to 10% the addition of Rs.88,30,079/- made by the AO on account of unaccounted purchases. v) The appellant craves to add, amend or delete

I..T.O. WARD 1(1), NAGPUR vs. SHRI ASHOK GULABCHAND CHANDAK, NAGPUR

Bench: Shri Shamim Yahya & Shri Ram Lal Negi

46A(c) of the l.T.Rules in as much as the assessee has failed to establish with evidence that he was prevented by sufficient cause in not producing the evidence which was called upon by the AO and which was relevant to the grounds of appeal raised before the CIT (A); 2 Shri Ashok Gulabchand Chandak 2. On the facts

DY. C.I.T. CIR-.2, NAGPUR vs. SHRI GOVINDDAS GOVERDHAN DAGA, NAGPUR

In the result, appeal filed by the Revenue for A

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

section 35(1)(ii) etc.” 8. Consequently, we hold that the grounds no.1 and 2, raised by the assessee do not contain any merits which are accordingly dismissed. 9. Insofar as grounds no.3 and 4, are concerned, the issue raised by the assessee relates to the addition of ` 2,17,500, on account of agricultural income treating the same

SHRI GO0VINDDAS GOVARDHANDAS DAGA,NAGPUR vs. A.C.I.T. CIRCLE 2, NAGPUR

In the result, appeal filed by the Revenue for A

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

section 35(1)(ii) etc.” 8. Consequently, we hold that the grounds no.1 and 2, raised by the assessee do not contain any merits which are accordingly dismissed. 9. Insofar as grounds no.3 and 4, are concerned, the issue raised by the assessee relates to the addition of ` 2,17,500, on account of agricultural income treating the same

ASSTT. COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2(2) , NAGPUR vs. M/S. R.B.SETH SHREERAM NARSINGDAS , NAGPUR

In the result, the appeal filed by the Revenue in ITA

Bench: Shri Inturi Rama Rao & Shri S. S. Viswanethra Raviआयकर अपील सं. / Ita No.36/Nag/2018 िनधा"रण वष" / Assessment Year : 2014-15 Acit, Central Circle-2(2), Vs. M/S. R.B. Seth Shreeram Nagpur. Narsingdas, Flat No.C-2, Yogeshwar Ganga Apartment, Ramdaspeth, Nagpur- 440025. Pan : Aacfr0227N Appellant Respondent C.O. No.05/Nag/2018 (Arising Out Of Ita No.36/Nag/2018) िनधा"रण वष" / Assessment Year : 2014-15 M/S. R.B. Seth Shreeram Vs. Acit, Central Circle- Narsingdas, 2(2), Nagpur. Flat No.C-2, Yogeshwar Ganga Apartment, Ramdaspeth, Nagpur- 440025. Pan : Aacr0227N Revenue By : Smt. Rashmi Mathur Assessee By : Shri Sudesh Bandhia Date Of Hearing : 20.07.2023 Date Of Pronouncement : 31.07.2023 आदेश / Order Per Inturi Rama Rao, Am: This Is An Appeal Filed By The Revenue Directed Against The Order Of Ld. Commissioner Of Income Tax (Appeals)-3, Nagpur [‘The 2 C.O. No.05/Nag/2018 Cit(A)’] Dated 28.12.2017 For The Assessment Year 2014-15. The Cross Objection Filed By The Assessee Against The Appeal Of The Revenue.

disallowed the same by holding to be a capital expenditure and it is an application of income not a business expenditure incurred wholly and exclusively for the purpose of business. On appeal before the ld. CIT(A), the ld. CIT(A) allowed the expenditure by holding that it is an expenditure incurred wholly and exclusively for the purpose of business

INCOME TAX OFFICER WARD-7(2), NAGPUR vs. M/S SHIVPRAKASH RAJNARAYAN MISHRA(HUF), NAGPUR

In the result, Revenue’s appeal is dismissed and assessee’s

Bench: Shri Sandeep Gosain & Shri G. Manjunatha

disallowance of undisclosed transportation receipts at ` 1,04,73,178 made by the Assessing Officer though the deductors have rightly debited the receipts in the account of the assessee as freight charges. 3. On the facts and in the circumstances of the case and in law, the learned CIT(A) erred in considering that if all receipts are taken