SANJAY GULABCHAND GUPTA,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX,CIRCLE-4, NAGPUR

In the result, appeal by the assessee stands dismissed

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

disallowed for above reasons. Pertinent to note is that there is no dispute regarding cost of construction of residential House Property

DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-2, NAGPUR vs. M/S SAS DEVELOPERS & ENGINEERS `, NAGPUR

In the result, the appeal filed by department is dismissed

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

disallowed the interest amount at Rs.2,54,91,339/- and made the total addition of Rs.2,64,54,673/-. The assessee encloses herewith details of copy of account of interest on loan which is on Page-148 to 150 of the Paper Book. The assessee also encloses herewith interest certificate of Tata Capital Financial Services Ltd., which is on Page

SUSHILA BHAURAO DESHMUKH,AMRAVATI vs. PRINCIPAL COMMISSIONER OF INCOME TAX-1, NAGPUR

In the result, appeal filed by the assessee is allowed

Bench: Shri V. Durgarao & Shrik.M. Roy, Accountant, Member

house under construction with built–up area of 158.55 sq.mtrs. on the piece of plot measuring 19,200 sq.mtrs. in survey no.11/1, Mauja Navsari, District Amravati. The land is consistently used for agricultural purpose. It is beyond the scope of wildest imagination that usage of land is ambulatory even when character of land is agricultural. We are fortified

GIGEO CONSTRUCTION CO. PVT. LTD.,,NAGPUR vs. ACIT, CENTRAL CIRCLE- 1(3),, NAGPUR

In the result, appeal filed by the assessee for the A

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

house property. 3. Any other ground that may be urged at the time of hearing.” 3. For the assessment year 2008–09, the Revenue in its appeal has raised following grounds:– “1. On the facts and the circumstances of the case and in law, the Ld. CIT(A) has erred in deleting the disallowance

DY. C.I.T. CENTRAL CIR.-1(3), NAGPUR vs. M/S GIGEO CONSTRUCTION CO.PVT. LTD, NAGPUR

In the result, appeal filed by the assessee for the A

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

house property. 3. Any other ground that may be urged at the time of hearing.” 3. For the assessment year 2008–09, the Revenue in its appeal has raised following grounds:– “1. On the facts and the circumstances of the case and in law, the Ld. CIT(A) has erred in deleting the disallowance

DY. C.I.T. CENTRAL CIR.-1(3), NAGPUR vs. M/S GIGEO CONSTRUCTION CO.PVT. LTD, NAGPUR

In the result, appeal filed by the assessee for the A

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

house property. 3. Any other ground that may be urged at the time of hearing.” 3. For the assessment year 2008–09, the Revenue in its appeal has raised following grounds:– “1. On the facts and the circumstances of the case and in law, the Ld. CIT(A) has erred in deleting the disallowance

SMT . RAJANI SURENDRA ADAMANE ,NAGPUR vs. INCOME TAX OFFICER WARD 6(1), NAGPUR

In the result, Assessee’s appeal is allowed in the aforesaid terms

Bench: Shri Narender Kumar Choudhrysmt. Rajani Surendra Ito, Ward-4(4), Nagpur Adamane, Plot No.30, Near Ghodke School Surendra Vs. Nagar, Hudkeshwar Road, Nagpur-440024. Pan: Alapa 9897 L (Appellant) (Respondent)

disallowing the claim of LTCG. 5. The Ld. Commissioner, in appeal, granted the relief to the extent of 50% of Rs. 16,35,260/- being cost of new property by following the decision of Mumbai Bench of this Tribunal in the case of Mrs. Niharika M. Jhangiani vs. Addl. CIT in MA No. 349/MUM/2017 (arising out of ITA No.7208/MUM/2011), whereby

ASSISTANT COMMISSIONER OF INCOME TAX, NAGPUR vs. SHRI MUKESH D. GUPTA, NAGPUR

Bench: Shri Satbeer Singh Godara & Dr. Dipak P. Ripote

disallowance of interest paid on borrowed loan ignoring the fact that the assessee failed to produce bank certificate in support of his claim that the loan was for the purpose of house property

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

house property of Rs.1,10,250/- as\nbusiness income\n5. On the facts and circumstances of the case, the learned CIT(A) erred\nin deleting the disallowance

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

house property of Rs.1,10,250/- as\nbusiness income\n5. On the facts and circumstances of the case, the learned CIT(A) erred\nin deleting the disallowance

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

house property of Rs.1,10,250/- as\nbusiness income\n5. On the facts and circumstances of the case, the learned CIT(A) erred\nin deleting the disallowance

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

house property of Rs.1,10,250/- as\nbusiness income\n5. On the facts and circumstances of the case, the learned CIT(A) erred\nin deleting the disallowance

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

house property of Rs.1,10,250/- as\nbusiness income\n5. On the facts and circumstances of the case, the learned CIT(A) erred\nin deleting the disallowance

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

house property of Rs.1,10,250/- as\nbusiness income\n5. On the facts and circumstances of the case, the learned CIT(A) erred\nin deleting the disallowance

SHABBIR AHMED AHMED ALI,NAGPUR vs. NATIONAL E ASSESMENT CENTRY, DELHI

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

disallowance be modified considerably.” 3. The addition made by Assessing Officer is on account of long term capital gain arising from transfer of residential property. 4. Facts in Brief:– In the present case, the assessee is an individual who filed his return of income for the year under consideration electronically on 30/08/2018, declaring total income

VAISHALI ARVIND TAYADE,NAGPUR vs. INCOME TAX OFFICER, WARD-5, AMARAVATI

In the result, assessee’s appeal stands allowed

Bench: Shri V. Durga Rao

disallowed the deductions claimed by the assessee and she prayed to allow the deductions as claimed by her in her ITR. On perusal of housing loan interest certificate produced by the assessee, it can be clearly seen that the loan was taken by Sh. Arvind Arjun Rao Tayade (husband of the assessee). The assessee has not produced any document which

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

house property of Rs.75,408/- as business income.\n5. On the facts and circumstances of the case, the learned CIT(A) erred in\ndeleting the disallowance

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

house property of Rs.75,408/- as business income.\n5. On the facts and circumstances of the case, the learned CIT(A) erred in\ndeleting the disallowance