DCIT-CC-1(3), NAGPUR, NAGPUR vs. R.B.S.D. AND F.N. DAS(EXPORT FIRM), VIZIANAGRAM

In the result, appeal filed by the Revenue is dismissed

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

House was not used for the business purpose of the assessee. The AO has, in the assessment order, nowhere doubted about the source of expenditure of ₹74,51,358/-. Therefore, the addition should have been made u/s 37 and not u/s. 69C r.w.s. 115BBE of the Act. Section 69C is reproduced hereunder for kind reference- “Unexplained expenditure, etc. Where

ACIT-CENTRAL CIRCLE -2(1), NAGPUR vs. SHRI NANDKUMAR KHATTUMAL HARCHANDANI , NAGPUR

115.\n5. The assessee made investment in shares amounting to ₹ 20,61,59,037. The assessee has borrowed fund of ₹12,89,09,181, on which interest amounting to ₹ 17,07,742, has been paid. The assessee received dividend amounting to ₹ 48,899, which was claimed exempt under section 10(34) of the Act and claimed expenditure

ACIT-CENTRAL CIRCLE -2(1), NAGPUR vs. SHRI NANDKUMAR KHATTUMAL HARCHANDANI , NAGPUR

In the result, appeal of the Revenue stands dismissed

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

house property, income from business and income from other sources. The assessee has also shown income from exempt capital gains from transfer of equity shares. 7 Shri Nandkumar Khatumal Harchandani ITA no.410/Nag./2019 A.Y. 2014–15 The assessee has purchased 422500 shares of Swift IT Infrastructure and Services Ltd. by cheque on 16/03/2012 during the previous year relevant to Asstt

INCOME TAX OFFICER WARD-2, CHANDRAPUR vs. NITIN SUBHASH SHARMA, CHANDRAPUR

In the result, appeals by the Revenue for the A

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

section 44AD of the Act whereas for contractors having higher turnover there is no bar on estimating under profit at a higher rate. As has been held in the judgment of J.J. Associates vs. CIT, ITA No. 404 of 2006 (Delhi HC), the contractors executing bigger civil contract have certain distinct advantages in the form of infrastructural facilities and better

INCOME TAX OFFICER WARD-2, CHANDRAPUR vs. NITIN SUBHASH SHARMA, CHANDRAPUR

In the result, appeals by the Revenue for the A

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

section 44AD of the Act whereas for contractors having higher turnover there is no bar on estimating under profit at a higher rate. As has been held in the judgment of J.J. Associates vs. CIT, ITA No. 404 of 2006 (Delhi HC), the contractors executing bigger civil contract have certain distinct advantages in the form of infrastructural facilities and better

INCOME TAX OFFICER WARD-2, CHANDRAPUR vs. NITIN SUBHASH SHARMA, CHANDRAPUR

In the result, appeals by the Revenue for the A

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

section 44AD of the Act whereas for contractors having higher turnover there is no bar on estimating under profit at a higher rate. As has been held in the judgment of J.J. Associates vs. CIT, ITA No. 404 of 2006 (Delhi HC), the contractors executing bigger civil contract have certain distinct advantages in the form of infrastructural facilities and better

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

property of the tax payer, however, same can be easily fetched by the department by issue of summons. j) Copy of documentary evidences to substantiate genuineness of the lenders:- The fact that the transaction was indeed in a realm of a loan, is apparent from the fact that almost all the loans borrowed from the third parties were repaid

SYED NAZIM MOINUDDIN QUAZI,NAGPUR vs. ITO WARD 2(3), NAGPUR, NAGPUR

In the result, the appeal filed by the assessee is allowed for statistical purposes

Bench: Shri Pavan Kumar Gadalesayed Nazim Maoinuddin Quazi, Pltono.11–A & House Noquadri Enclave, Opp. Suri Laws Behind Police Line Takli ……………. Appellant Nagpur 440 013, Maharashtra. Pan–Aaapq2442A V/S Income Tax Officer ……………. Respondent Ward–2(3), Nagpur, Maharashtra. Assessee By:Ms.Alfiya Rozie, A.R. Revenue By :Shri Surjit Kumar Saha, Sr.Dr

House Noquadri Enclave, Opp. Suri Laws Behind Police Line Takli ……………. Appellant Nagpur 440 013, Maharashtra. PAN–AAAPQ2442A v/s Income Tax Officer ……………. Respondent Ward–2(3), Nagpur, Maharashtra. Assessee by:Ms.Alfiya Rozie, A.R. Revenue by :Shri Surjit Kumar Saha, Sr.DR Date of Hearing – 10/10/2025 Date of Order – 10/10/2025 O R D E R The assessee has filed the appeal against