M/S MAHESHWARI COAL BENEFICATION & INFRASTRUCTURE P. LTD,BILASPUR vs. DCIT CENTRAL CIRCLE-1(1), NAGPUR

In the result, appeals for the assessment year 2009–10 to 2013–14 are partly allowed

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

property being land or building or both, shares and securities, loans and advances, deposits in bank account.” “Section 153C. Assessment of income of any other person- (1) Notwithstanding anything contained in sec139, 147, 148, 149, 151 and 153, where the AO is satisfied that,- (a) any money, bullion, jewellery or other valuable article or thing, seized or requisitioned, belongs

M/S MAHESHWARI COAL BENEFICATION & INFRASTRUCTURE P. LTD,BILASPUR vs. DCIT CENTRAL CIRCLE-1(1), NAGPUR

In the result, appeals for the assessment year 2009–10 to 2013–14 are partly allowed

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

property being land or building or both, shares and securities, loans and advances, deposits in bank account.” “Section 153C. Assessment of income of any other person- (1) Notwithstanding anything contained in sec139, 147, 148, 149, 151 and 153, where the AO is satisfied that,- (a) any money, bullion, jewellery or other valuable article or thing, seized or requisitioned, belongs

M/S MAHESHWARI COAL BENEFICATION& INFRASTRUCTURE P. LTD,BILASPUR vs. DCIT CENTRAL CIRCLE-1(1), NAGPUR

In the result, appeals for the assessment year 2009–10 to 2013–14 are partly allowed

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

property being land or building or both, shares and securities, loans and advances, deposits in bank account.” “Section 153C. Assessment of income of any other person- (1) Notwithstanding anything contained in sec139, 147, 148, 149, 151 and 153, where the AO is satisfied that,- (a) any money, bullion, jewellery or other valuable article or thing, seized or requisitioned, belongs

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

property discovered in the course of search which were\nnot produced or not already disclosed or made known in the course of original\nassessment.\"\n10.\nThus, on a plain reading of the propositions laid down by the Hon'ble\nHigh Courts cited supra, one can analyse that the Hon'ble Rajasthan High\nCourt concurs with the view

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

property discovered in the course of search which were\nnot produced or not already disclosed or made known in the course of original\nassessment.\"\n10. Thus, on a plain reading of the propositions laid down by the Hon'ble\nHigh Courts cited supra, one can analyse that the Hon'ble Rajasthan High\nCourt concurs with the view

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

property discovered in the course of search which were\nnot produced or not already disclosed or made known in the course of original\nassessment.\"\n10.\nThus, on a plain reading of the propositions laid down by the Hon'ble\nHigh Courts cited supra, one can analyse that the Hon'ble Rajasthan High\nCourt concurs with the view

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

property discovered in the course of search which were not produced or not already disclosed or made known in the course of original assessment." 10. Thus, on a plain reading of the propositions laid down by the Hon’ble High Courts cited supra, one can analyse that the Hon'ble Rajasthan High Court concurs with the view

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

property discovered in the course of search which were not produced or not already disclosed or made known in the course of original assessment." 10. Thus, on a plain reading of the propositions laid down by the Hon’ble High Courts cited supra, one can analyse that the Hon'ble Rajasthan High Court concurs with the view

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

In the result, Revenue's appeal being ITA no

property discovered in the course of search which were\nnot produced or not already disclosed or made known in the course of original\nassessment.\"\n10.\nThus, on a plain reading of the propositions laid down by the Hon'ble\nHigh Courts cited supra, one can analyse that the Hon'ble Rajasthan High\nCourt concurs with the view

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

149 taxmann.com 399 (SC) dt.24-4- 23, held as under: “7.2. Thereafter in Saumya Construction (Guj), the Guj HC, while referring Kabul Chawla (Del HC) and after considering the entire scheme of block assessment u/s153A, had held that in case of completed assessment/ unabated assessment, in absence of any incriminating material, no additional can be made

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

149 taxmann.com 399 (SC) dt.24-4- 23, held as under: “7.2. Thereafter in Saumya Construction (Guj), the Guj HC, while referring Kabul Chawla (Del HC) and after considering the entire scheme of block assessment u/s153A, had held that in case of completed assessment/ unabated assessment, in absence of any incriminating material, no additional can be made

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

149 taxmann.com 399 (SC) dt.24-4- 23, held as under: “7.2. Thereafter in Saumya Construction (Guj), the Guj HC, while referring Kabul Chawla (Del HC) and after considering the entire scheme of block assessment u/s153A, had held that in case of completed assessment/ unabated assessment, in absence of any incriminating material, no additional can be made

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

149 taxmann.com 399 (SC) dt.24-4- 23, held as under: “7.2. Thereafter in Saumya Construction (Guj), the Guj HC, while referring Kabul Chawla (Del HC) and after considering the entire scheme of block assessment u/s153A, had held that in case of completed assessment/ unabated assessment, in absence of any incriminating material, no additional can be made

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

149 taxmann.com 399 (SC) dt.24-4- 23, held as under: “7.2. Thereafter in Saumya Construction (Guj), the Guj HC, while referring Kabul Chawla (Del HC) and after considering the entire scheme of block assessment u/s153A, had held that in case of completed assessment/ unabated assessment, in absence of any incriminating material, no additional can be made

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

149 taxmann.com 399 (SC) dt.24-4- 23, held as under: “7.2. Thereafter in Saumya Construction (Guj), the Guj HC, while referring Kabul Chawla (Del HC) and after considering the entire scheme of block assessment u/s153A, had held that in case of completed assessment/ unabated assessment, in absence of any incriminating material, no additional can be made