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

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

SHRI VISHWAKARAMA JEWELLERS ,AKOLA vs. DCIT AKOLA CIRCLE, AKOLA

In the result, assessee’s appeal is allowed

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

58,55,236 Undisclosed investment in platinum jewellery ` 62,993 Total undisclosed investment ` 69,37,859 5. The learned CIT(A) partially allowed the appeal by holding as follows:– “Accordingly, the arguments of the appellant that the surrendered income is to be treated as its business income is not acceptable and the additions made u/s 69B is upheld. However

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

Property is plot. no. 51, NIT Municipal house no. 1366, MausaHivari, Wardhaman Nagar to Brindesh Agrawal for consideration of 5.21 Cr on October 2016. Govardhan Das 3 Shailesh Champaklal Vakharia ITA no.344/Nag./2023 V. As regards to Shri Mahavir Vakharia, the power of attorney is held by our assessee, Shri Shailesh Vakharia. vi. Since the document is sale agreement

MISS FATEMA SHOEB HUSSAIN,,NAGPUR vs. ITO, WARD- 2(4),, NAGPUR

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

58,05,622 Unexplained credit ` 12,59,000 2007–08 Tour & Travel Ticket booking ` 6,01,915 business income ` 18,60,915 ` 18,60,915 2008–09 Re: Maria Unexplained credit ` 25,63,755 Construction in Bank Estimated business ` 6,51,850 income Unexplained ` 15,60,000 Investment Unexplained credit in bank a/c ` 33,01,509 ` 33,01,509 (reduced

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

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

58,05,622 Unexplained credit ` 12,59,000 2007–08 Tour & Travel Ticket booking ` 6,01,915 business income ` 18,60,915 ` 18,60,915 2008–09 Re: Maria Unexplained credit ` 25,63,755 Construction in Bank Estimated business ` 6,51,850 income Unexplained ` 15,60,000 Investment Unexplained credit in bank a/c ` 33,01,509 ` 33,01,509 (reduced

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

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

58,05,622 Unexplained credit ` 12,59,000 2007–08 Tour & Travel Ticket booking ` 6,01,915 business income ` 18,60,915 ` 18,60,915 2008–09 Re: Maria Unexplained credit ` 25,63,755 Construction in Bank Estimated business ` 6,51,850 income Unexplained ` 15,60,000 Investment Unexplained credit in bank a/c ` 33,01,509 ` 33,01,509 (reduced

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

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

58,05,622 Unexplained credit ` 12,59,000 2007–08 Tour & Travel Ticket booking ` 6,01,915 business income ` 18,60,915 ` 18,60,915 2008–09 Re: Maria Unexplained credit ` 25,63,755 Construction in Bank Estimated business ` 6,51,850 income Unexplained ` 15,60,000 Investment Unexplained credit in bank a/c ` 33,01,509 ` 33,01,509 (reduced

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

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

58,05,622 Unexplained credit ` 12,59,000 2007–08 Tour & Travel Ticket booking ` 6,01,915 business income ` 18,60,915 ` 18,60,915 2008–09 Re: Maria Unexplained credit ` 25,63,755 Construction in Bank Estimated business ` 6,51,850 income Unexplained ` 15,60,000 Investment Unexplained credit in bank a/c ` 33,01,509 ` 33,01,509 (reduced

MISS FATEMA SHOEB HUSSAIN,,NAGPUR vs. ITO, WARD- 2(4),, NAGPUR

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

58,05,622 Unexplained credit ` 12,59,000 2007–08 Tour & Travel Ticket booking ` 6,01,915 business income ` 18,60,915 ` 18,60,915 2008–09 Re: Maria Unexplained credit ` 25,63,755 Construction in Bank Estimated business ` 6,51,850 income Unexplained ` 15,60,000 Investment Unexplained credit in bank a/c ` 33,01,509 ` 33,01,509 (reduced

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

58,442 30-9-16 completed on 22-12-17 and no assessment was pending on the date of search on 11-7-19 Unabated assessment as scrutiny assessment u/s143(3) has been 2016-17 5-10-16 2,23,56,280 27-1-21 2,23,56,280 30-9-17 completed on 28-12-18 and no 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

58,442 30-9-16 completed on 22-12-17 and no assessment was pending on the date of search on 11-7-19 Unabated assessment as scrutiny assessment u/s143(3) has been 2016-17 5-10-16 2,23,56,280 27-1-21 2,23,56,280 30-9-17 completed on 28-12-18 and no 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

58,442 30-9-16 completed on 22-12-17 and no assessment was pending on the date of search on 11-7-19 Unabated assessment as scrutiny assessment u/s143(3) has been 2016-17 5-10-16 2,23,56,280 27-1-21 2,23,56,280 30-9-17 completed on 28-12-18 and no 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

58,442 30-9-16 completed on 22-12-17 and no assessment was pending on the date of search on 11-7-19 Unabated assessment as scrutiny assessment u/s143(3) has been 2016-17 5-10-16 2,23,56,280 27-1-21 2,23,56,280 30-9-17 completed on 28-12-18 and no 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

58,442 30-9-16 completed on 22-12-17 and no assessment was pending on the date of search on 11-7-19 Unabated assessment as scrutiny assessment u/s143(3) has been 2016-17 5-10-16 2,23,56,280 27-1-21 2,23,56,280 30-9-17 completed on 28-12-18 and no assessment