BABULAL ROSHANLAL PATNI,NAGPUR vs. DCIT, CENCIR 1(2), NAGPUR

In the result, appeals of the assessee’s are allowed

Bench: Shri V. Durga Rao

Housing Private The DCIT, Circle-1(2), Limited, Dharpude Bldg., Aaykar Bhavan, Balraj Marg, Patwardhan Civil Lines, Telangkhedi vs. Ground S.O. NAGPUR Road, NAGPUR – 440 001. (URBAN) - 440 012 Maharashtra. PAN AACCP2303G Maharashtra. (Appellant) (Respondent) ITA.No.196/NAG./2024 Assessment Year 2015-2016 Babulal Roshanlal Patni, The DCIT, Circle-1(2), Near Digambar Jain Aaykar Bhavan, Mandir, Bapurao Galli, Civil Lines

TARADEVI BABULAL PATNI,NAGPUR vs. DCIT,CIRCLE-3, NAGPUR

In the result, appeals of the assessee’s are allowed

Bench: Shri V. Durga Rao

Housing Private The DCIT, Circle-1(2), Limited, Dharpude Bldg., Aaykar Bhavan, Balraj Marg, Patwardhan Civil Lines, Telangkhedi vs. Ground S.O. NAGPUR Road, NAGPUR – 440 001. (URBAN) - 440 012 Maharashtra. PAN AACCP2303G Maharashtra. (Appellant) (Respondent) ITA.No.196/NAG./2024 Assessment Year 2015-2016 Babulal Roshanlal Patni, The DCIT, Circle-1(2), Near Digambar Jain Aaykar Bhavan, Mandir, Bapurao Galli, Civil Lines

THE AMRAVATI PEOPLE CO-OP BANK LTD ( NOW MERGED IN THE COSMOS CO-OP BANK LTD),AMARAVATI vs. D.C.I.T. AMRAVATI CIRCLE, AMARAVATI

Bench: Shri Ravish Sood & Shri Jamlappa D Battullआयकरअपीलसं. / Ita No. 309/Nag/2015 "नधा"रणवष" / Assessment Year : 2008-09 The Amravati Peoples Co-Op. Bank Limited (Now Merged In The Cosmos Co-Op. Bank Ltd.) C/O. Cosmos Co-Op Bank Ltd. Jawahar Road, Amravati-444601. Pan : Aaact5899B .......अपीलाथ" / Appellant बनाम / V/S. The Deputy Commissioner Of Income Tax, Amravati Circle, Amravati. ……""यथ" / Respondent Assessee By : Shri S.G. Gandhi, Ar Revenue By : Smt. Agnes P. Thomas, Dr सुनवाईक"तार"ख / Date Of Hearing : 18.02.2022 घोषणाक"तार"ख / Date Of Pronouncement : 09.05.2022

reopened by the AO on the basis of the following “reasons to believe” : “Details of losses to be carried forward to future years as per schedule BFLA with the return for A.Y.2008-09 Sl. Assessment Date of House Loss from Loss from Short Long Other Other No. year filing ( property

DY. COMMISSIONER OF INCOME TAX, CIRCLE-3, NAGPUR, NAGPUR vs. VINODKUMAR RAJENDRALAL KOCHHAR, KAMPTEE

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

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

House Property, Income from Business, Income from Capital Gains and Income from other sources. 2. That the assessee has during the captioned assessment year opted for computation of his income U/s. 44AD in respect of his business activity. That the assessee while filing his return of Income u/s. 139(1) has filled the PART A-BS - Balance Sheet

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

reopening of an assessment and reliance was placed upon CBDT Circular No.359 dated 10thMay, 1983 in the context of Section 54E of the Act. 7. Mr.Bajpayee, learned Counsel for the Revenue very fairly points out that the Revenue had preferred an appeal against the order of the Tribunal in Bhikulal Chandak HUF (supra) to this Court (Nagpur Bench) being Income

SHREE MAYA REAL ESTATE PVT. LTD.,NAGPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), NAGPUR

In the result, appeal filed by the assessee is allowed

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

Reopening of the assessment and resultant assessment proceeding as completed is illegal, invalid violative of the principal of natural justice and deserve to be quashed as per law. 2. On the facts and circumstances of the case & in law, the learned AO has grossly erred and CIT (A) has grossly erred in confirming the addition

SHREE MAYA REAL ESTATE PVT. LTD.,NAGPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), NAGPUR

In the result, appeal filed by the assessee is allowed

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

Reopening of the assessment and resultant assessment proceeding as completed is illegal, invalid violative of the principal of natural justice and deserve to be quashed as per law. 2. On the facts and circumstances of the case & in law, the learned AO has grossly erred and CIT (A) has grossly erred in confirming the addition

VINAY RAMSHARANDAS AGRAWAL,NAGPUR vs. PRINCIPAL COMMISSIONER OF INCOME TAX-II, NAGPUR

In the result, appeal by the assessee stands allowed

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

reopening of assessment in the case of VinayAgrawal, PAN ABGPA3839E,A.Y.2017-18-Approval U/s 263 of the I. Tax Act-reg Kindly refer to the subject above. The assessee Shri Vinay Agrawal, (PAN ABGPA3839E) has filed his return of income for A.Y. 2017-18 on 31.03.2018 showing returned income of Rs. 12,96,33,940/-. The assessment

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

property discovered in the course of search which were not produced or not already disclosed or made known in the course of original assessment." 14. Since the findings of the ITAT are factual, based on the documents placed on record and have not been shown to be perverse by the Revenue and are consistent with the settled legal position

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

property discovered in the course of search which were not produced or not already disclosed or made known in the course of original assessment." 14. Since the findings of the ITAT are factual, based on the documents placed on record and have not been shown to be perverse by the Revenue and are consistent with the settled legal position

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

property discovered in the course of search which were not produced or not already disclosed or made known in the course of original assessment." 14. Since the findings of the ITAT are factual, based on the documents placed on record and have not been shown to be perverse by the Revenue and are consistent with the settled legal position

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

property discovered in the course of search which were not produced or not already disclosed or made known in the course of original assessment." 14. Since the findings of the ITAT are factual, based on the documents placed on record and have not been shown to be perverse by the Revenue and are consistent with the settled legal position

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

property discovered in the course of search which were not produced or not already disclosed or made known in the course of original assessment." 14. Since the findings of the ITAT are factual, based on the documents placed on record and have not been shown to be perverse by the Revenue and are consistent with the settled legal position

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

property discovered in the course of search which were not produced or not already disclosed or made known in the course of original assessment." 14. Since the findings of the ITAT are factual, based on the documents placed on record and have not been shown to be perverse by the Revenue and are consistent with the settled legal position

SHRI PRAKASH JIWANDAS WANJARI,NAGPUR vs. JOINT COMMISSIONER OF INCOME TAX, NAGPUR

In the result, we are of the considered view that the case on hand does not warrant levy of penalty under Section 271D of the Act

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

reopening of the case and accordingly issuing notice u/s 148 was, that the appellant had made cash deposits aggregating to Rs.14,90,000/- in his bank account. 2.3 In response to the same, the appellant made a detailed written submission to the AO in the scrutiny assessment, stating that all these 3 Prakash Jiwandas Wanjari ITA no.232/Nag./2022 deposits were

M/S. FATEMA SHOEB HUSSAIN,,NAGPUR vs. ITO, WARD- 2(4),, NAGPUR

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

reopen the assessment. The said notice and reassessment proceedings are bad in law. 2] Learned A.O. erred in holding that the assessee was the owner of the Maria Construction. Said Maria Construction was the Proprietory concern of Shri Shabbir Hussain Taherali. The learned C.I.T.(A)-I has not accepted assessee's submission and confirm the finding

M/S. FATEMA SHOEB HUSSAIN,,NAGPUR vs. ITO, WARD- 2(4),, NAGPUR

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

reopen the assessment. The said notice and reassessment proceedings are bad in law. 2] Learned A.O. erred in holding that the assessee was the owner of the Maria Construction. Said Maria Construction was the Proprietory concern of Shri Shabbir Hussain Taherali. The learned C.I.T.(A)-I has not accepted assessee's submission and confirm the finding

M/S. FATEMA SHOEB HUSSAIN,,NAGPUR vs. ITO, WARD- 2(4),, NAGPUR

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

reopen the assessment. The said notice and reassessment proceedings are bad in law. 2] Learned A.O. erred in holding that the assessee was the owner of the Maria Construction. Said Maria Construction was the Proprietory concern of Shri Shabbir Hussain Taherali. The learned C.I.T.(A)-I has not accepted assessee's submission and confirm the finding