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

109/- made\non account of disallowance of expenses on ad-hoc basis.\n10.\nOn the facts and in the circumstances of the case and in law, the\nlearned CIT(A) has erred in deleting the addition on account of deemed\ndividend of Rs.2,69,20,275/- (after rectification Rs.44.94.814/-).”\nPage | 5\nITA Nos. 173, 174 & 175/NAG/2016\nM/s. Shree Agrawal Finance

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

109/- made\non account of disallowance of expenses on ad-hoc basis.\n10. on the facts and in the circumstances of the case and in law, the\nlearned CIT(A) has erred in deleting the addition on account of deemed\ndividend of Rs.2,69,20,275/- (after rectification Rs.44.94.814/-).\nPage | 5\nITA Nos. 173, 174 & 175/NAG/2016\nM/s. Shree Agrawal Finance

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

109/- made\non account of disallowance of expenses on ad-hoc basis.\n10. on the facts and in the circumstances of the case and in law, the\nlearned CIT(A) has erred in deleting the addition on account of deemed\ndividend of Rs.2,69,20,275/- (after rectification Rs.44.94.814/-).\nPage | 5\nITA Nos. 173, 174 & 175/NAG/2016\nM/s. Shree Agrawal Finance

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

109/- made\non account of disallowance of expenses on ad-hoc basis.\n10. on the facts and in the circumstances of the case and in law, the\nlearned CIT(A) has erred in deleting the addition on account of deemed\ndividend of Rs.2,69,20,275/- (after rectification Rs.44.94.814/-).\nPage | 5\nITA Nos. 173, 174 & 175/NAG/2016\nM/s. Shree Agrawal Finance

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

109/- . 4. On the facts and circumstances of the case, the learned CIT(A) has erred in deleting the addition made u/s 43B of Rs. 1,27,653/-. 5. On the facts and circumstances of the case, the learned CIT(A) has erred in deleting the addition made on account of deemed dividend

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

In the result, Revenue's appeal being ITA no

109/- .\n4. On the facts and circumstances of the case, the learned CIT(A) has erred in\ndeleting the addition made u/s 43B of Rs. 1,27,653/-.\n5. On the facts and circumstances of the case, the learned CIT(A) has erred in\ndeleting the addition made on account of deemed dividend

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

109/- .\n4. On the facts and circumstances of the case, the learned CIT(A) has erred in\ndeleting the addition made u/s 43B of Rs. 1,27,653/-.\n5. On the facts and circumstances of the case, the learned CIT(A) has erred in\ndeleting the addition made on account of deemed dividend

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

109/- .\n4. On the facts and circumstances of the case, the learned CIT(A) has erred in\ndeleting the addition made u/s 43B of Rs. 1,27,653/-.\n5. On the facts and circumstances of the case, the learned CIT(A) has erred in\ndeleting the addition made on account of deemed dividend

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

109/- .\n4. On the facts and circumstances of the case, the learned CIT(A) has erred in\ndeleting the addition made u/s 43B of Rs. 1,27,653/-.\n5. On the facts and circumstances of the case, the learned CIT(A) has erred in\ndeleting the addition made on account of deemed dividend

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

109/- . 4. On the facts and circumstances of the case, the learned CIT(A) has erred in deleting the addition made u/s 43B of Rs. 1,27,653/-. 5. On the facts and circumstances of the case, the learned CIT(A) has erred in deleting the addition made on account of deemed dividend

SHAILESH CHAMPAKLAL VAKHARIA,NAGPUR vs. ASSISSTANT COMMISSIONER OF INCOME (CENTRAL) CIRCLE - 1(1), NAGPUR

In the result, appeal filed by the assessee stands allowed

Bench: Shri Narender Kumar Choudhry & Shri K.M. Roy, Accountant, Member

House No. 1366, ward no. 23, City Survey No. 208, Mouza Hiwari, Wardhaman Nagar, Nagpur was Seized and annexed as page no. 4 to 7, Annexure A/3. The DAS is between late Shri Suresh Vakharia, late Shri Shailesh Vakharia (assessee) and Shri Mahaveer Vakharia as sellers and Shri Brindesh Goverdhandas Agrawal as purchaser for a consideration

SUFALAM INFRA PROJECTS LTD ,NAGPUR vs. PR. CIT (CENTRAL ), NAGPUR

In the result, the departmental appeal is dismissed

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

Property Developers. On perusal of balance sheet as on 31/03/2014, it is seen that assessee company has issued 2,00,000 shares (40%) to M/s Anubhav Vinimay Pvt. Ltd having value of Rs. 100 per share. The balance sheet of assessee showed receipt of Rs. 2,00,00,000/- as share capital from M/s Anubhav Vinimay Pvt. Ltd. The Balance

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(1), NAGPUR, NAGPUR vs. M/S. SUFLAM INFRA PROJECT LTD, NAGPUR

In the result, the departmental appeal is dismissed

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

Property Developers. On perusal of balance sheet as on 31/03/2014, it is seen that assessee company has issued 2,00,000 shares (40%) to M/s Anubhav Vinimay Pvt. Ltd having value of Rs. 100 per share. The balance sheet of assessee showed receipt of Rs. 2,00,00,000/- as share capital from M/s Anubhav Vinimay Pvt. Ltd. The Balance

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

House, 425 Mumbai-04). On 6-5-10 the assessee issued che.No.265949 amounting to Rs.20 lakhs being cheque to Daksh Diamonds towards refund of loans. Further, on 22-6- 10 the assessee issued che.No.263943 amounting to Rs.30 lakhs being cheque to Daksh Diamonds towards refund of loans. The transactions were routed through Vijay Bank. The ledger confirmation

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

House, 425 Mumbai-04). On 6-5-10 the assessee issued che.No.265949 amounting to Rs.20 lakhs being cheque to Daksh Diamonds towards refund of loans. Further, on 22-6- 10 the assessee issued che.No.263943 amounting to Rs.30 lakhs being cheque to Daksh Diamonds towards refund of loans. The transactions were routed through Vijay Bank. The ledger confirmation

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

House, 425 Mumbai-04). On 6-5-10 the assessee issued che.No.265949 amounting to Rs.20 lakhs being cheque to Daksh Diamonds towards refund of loans. Further, on 22-6- 10 the assessee issued che.No.263943 amounting to Rs.30 lakhs being cheque to Daksh Diamonds towards refund of loans. The transactions were routed through Vijay Bank. The ledger confirmation

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

House, 425 Mumbai-04). On 6-5-10 the assessee issued che.No.265949 amounting to Rs.20 lakhs being cheque to Daksh Diamonds towards refund of loans. Further, on 22-6- 10 the assessee issued che.No.263943 amounting to Rs.30 lakhs being cheque to Daksh Diamonds towards refund of loans. The transactions were routed through Vijay Bank. The ledger confirmation

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

House, 425 Mumbai-04). On 6-5-10 the assessee issued che.No.265949 amounting to Rs.20 lakhs being cheque to Daksh Diamonds towards refund of loans. Further, on 22-6- 10 the assessee issued che.No.263943 amounting to Rs.30 lakhs being cheque to Daksh Diamonds towards refund of loans. The transactions were routed through Vijay Bank. The ledger confirmation