CHANDRA SURESH KOTHARI,NAGPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, NAGPUR

In the result, both these appeals of the assessee are allowed

Bench: Shri Sandeep Gosain, Jm & Shri O.P. Kant, Am

search and seizure operation U/s 132 of the Act was carried out at the residential premises of the assessee on 10/09/2014. The A.O. completed the assessment vide order dated 29/12/2016 determining total income of the assessee at Rs. 43,66,100/-. Thereafter proceedings U/s 271(1)(c) of the Act was initiated and the A.O. levied penalty

M/S FUEL CORPORATION OF INDIA,NAGPUR vs. COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1(1), NAGPUR

In the result, assessee’s appeal is ordered to be allowed

Bench: Shri P.K. Bansal & Shri Amarjit Singh

271(1)(c) of the Act. It was further held that in case there is nothing to the contrary in the statement recorded u/s 132(4) of the Act in the absence of any specific statement about the manner in which such income has been derived, it can be inferred that such undisclosed income was derived from the business which

M/S. REGENCY EQUIFIN PVT.LTD,NAGPUR vs. DY.CIT,CENTRAL CIRCLE-2(3), NAGPUR

In the result, the appeal of the assessee in ITA

search and seizure operations. Considering the said remand report, the CIT(A) confirmed the penalty imposed by the Assessing Officer u/s 271

M/S REGENCY EQUIFIN PVT LTD.,NAGPUR vs. D.C.I.T, CENTRAL CIRCULE -2(3) , NAGPUR

In the result, the appeal of the assessee in ITA

search and seizure operations. Considering the said remand report, the CIT(A) confirmed the penalty imposed by the Assessing Officer u/s 271

M/S. REGENCY EQUIFIN PVT.LTD,NAGPUR vs. DY.CIT,CENTRAL CIRCLE-2(3), NAGPUR

In the result, the appeal of the assessee in ITA

search and seizure operations. Considering the said remand report, the CIT(A) confirmed the penalty imposed by the Assessing Officer u/s 271

M/S. REGENCY EQUIFIN PVT.LTD,NAGPUR vs. DY.CIT,CENTRAL CIRCLE-2(3), NAGPUR

In the result, the appeal of the assessee in ITA

search and seizure operations. Considering the said remand report, the CIT(A) confirmed the penalty imposed by the Assessing Officer u/s 271

M/S. REGENCY EQUIFIN PVT.LTD,NAGPUR vs. DY.CIT,CENTRAL CIRCLE-2(3), NAGPUR

In the result, the appeal of the assessee in ITA

search and seizure operations. Considering the said remand report, the CIT(A) confirmed the penalty imposed by the Assessing Officer u/s 271

M/S. REGENCY EQUIFIN PVT.LTD,NAGPUR vs. DY.CIT,CENTRAL CIRCLE-2(3), NAGPUR

In the result, the appeal of the assessee in ITA

search and seizure operations. Considering the said remand report, the CIT(A) confirmed the penalty imposed by the Assessing Officer u/s 271

M/S. REGENCY EQUIFIN PVT.LTD,NAGPUR vs. DY.CIT,CENTRAL CIRCLE-2(3), NAGPUR

In the result, the appeal of the assessee in ITA

search and seizure operations. Considering the said remand report, the CIT(A) confirmed the penalty imposed by the Assessing Officer u/s 271

BHAKTVATSAL SADGURU YOGIRAJ VASANTRAO GOPALRAO GHONGE MAHARAJ TRUST,WARDHA vs. ACIT CENTRAL CIRCLE-1(1), NAGPUR

In the result, assessee’s appeal stands allowed

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

search and seizure operation was carried out in the case of the appellant trust during which several incriminating documents were found consequent to which assessment was completed u/s 143(3) r.w.s 153C of the Act whereby, the exemption U/s 11 of the Act claimed by the appellant was denied and expenses incurred towards the object of the trust was disallowed

SHRI SANJAY DHANRAJ JAIN,NAGPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(3), NAGPUR

In the result, assessee' appeal for A

seizure operation was conducted in the premises of the\nassessee on 26-7-2016. As per the learned AO, in connection with the search,\na survey action u/s 133A was also carried out at the official premises of\nassessee M/s. SNJ & Associates at 1st Floor, Mangalam Icon, Ramnagar\nSquare, Nagpur. During the course of survey, an Excel Sheet Annexure

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

search on 11/07/2019 which has been accepted by the Revenue and thus, it cannot be added under section 68 on this count also. However, this vital fact has also not been cared by the Addl.CIT and granted approval without even reading the draft assessment order and without perusing the assessment records and facts of the assessee. ii) The Addl.CIT

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

search on 11/07/2019 which has been accepted by the Revenue and thus, it cannot be added under section 68 on this count also. However, this vital fact has also not been cared by the Addl.CIT and granted approval without even reading the draft assessment order and without perusing the assessment records and facts of the assessee. ii) The Addl.CIT

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

search on 11/07/2019 which has been accepted by the Revenue and thus, it cannot be added under section 68 on this count also. However, this vital fact has also not been cared by the Addl.CIT and granted approval without even reading the draft assessment order and without perusing the assessment records and facts of the assessee. ii) The Addl.CIT

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

search on 11/07/2019 which has been accepted by the Revenue and thus, it cannot be added under section 68 on this count also. However, this vital fact has also not been cared by the Addl.CIT and granted approval without even reading the draft assessment order and without perusing the assessment records and facts of the assessee. ii) The Addl.CIT

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

search on 11/07/2019 which has been accepted by the Revenue and thus, it cannot be added under section 68 on this count also. However, this vital fact has also not been cared by the Addl.CIT and granted approval without even reading the draft assessment order and without perusing the assessment records and facts of the assessee. ii) The Addl.CIT

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

search on 11/07/2019 which has been accepted by the Revenue and thus, it cannot be added under section 68 on this count also. However, this vital fact has also not been cared by the Addl.CIT and granted approval without even reading the draft assessment order and without perusing the assessment records and facts of the assessee. ii) The Addl.CIT

M/S ABHIJIT CONSTRUCTION CO.,NAGPUR vs. A,C.I.T CENT CIR. 1(4), NAGPUR

In the result, assessee’s appeal for the assessment year 2007–08

Bench: Shri P.K. Bansal & Shri Amarjit Singh

seizure action under section 132(1) was conducted on 14th October 2011, by the Investigation Wing in the Abhijit Group of cases. The assessee being one of the members of this group was also covered under section 132(1) of the Act by virtue of authorization. Subsequent to the action under section 132(1) of the Act, statutory notices under