GAJANAND FINANCIAL CONSULTANCY PRIVATE LIMITED,NAGPUR vs. PRINCIPAL COMMISSIONER OF INCOME TAX (CENTRAL) NAGPUR, NAGPUR

In the result, assessee’s appeal is allowed

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

68 of the Act of ` 5,57,10,000. The contentions of the assessee were incisively examined during the assessment proceedings in case of both the other companies namely M/s. Tapadia Polyester Pvt. Ltd. and Antriksh Barter Pvt. Ltd. However, the additions were again made by the Assessing Officer on a protective basis which tantamount to double taxation

SUSHILA BHAURAO DESHMUKH,AMRAVATI vs. PRINCIPAL COMMISSIONER OF INCOME TAX-1, NAGPUR

In the result, appeal filed by the assessee is allowed

Bench: Shri V. Durgarao & Shrik.M. Roy, Accountant, Member

68 of 1988) or by the Rural Electrification Corporation Limited, a company formed and registered under the Companies Act, 1956 (1 of 1956) or any other bond notified in the Official Gazette by the Central Government in this behalf.‖ 15. We also find that the issue in hand is covered in favour of the assessee by the judgment

ASSTT. CIT, CIR- 7, NAGPUR vs. M/S. NEWQUEST CORPORATION LTD., CHANDRAPUR

Bench: Shri Sandeep Gosain, Jm & Shri Arun Khodpia, Am Assessment Year: 2008-2009 The Acit Vs. M/S.Newquest Corporation Ltd. Circle-7, (Now Known As M/S. Avantha Nagpur Holding Ltd. Ballalrpur Paper Mills P.O. Ballarpur, Distt. Chandrapur Pan No.:Aabcb 6134 E Appellant Respondent

68,734/- on sale of its investment without appreciating the fact that mere showing of shares under investment do not tantamount to investment surplus on sale of which would be capital gains.? 3. Whether on the facts and in the circumstances of the case and in law the ld. CIT(A) was right in allowing assessee’s claim of Brand

ASSTT. C.I.T, CENTRAL CIR, -2(1), NAGPUR vs. M/S GUPTA GLOBAL RESOURCES LTD(EAELIER KNOWN AS GUPTA COALFIELDS 7 WASHHERIES LTD), NAGPUR

In the result, cross objections No

Bench: Shri D. Karunakara Rao, Am & Shri Partha Sarathi Chaudhury, Jm

68. Ground No.1 raised in this appeal is identical to ground No.1 of the Revenue‟s appeal being ITA No.477/NAG/2014. Since we have dismissed the ground No.1 of the Revenue‟s appeal and answered the issue in favour of the assessee, ground No.1 raised in this appeal is also dismissed. 69. Ground No.2, 3 and 4 raised in this appeal

ASSTT. C.I.T, CENTRAL CIR, -2(1), NAGPUR vs. M/S GUPTA GLOBAL RESOURCES LTD(EAELIER KNOWN AS GUPTA COALFIELDS & WASHHERIES LTD), NAGPUR

In the result, cross objections No

Bench: Shri D. Karunakara Rao, Am & Shri Partha Sarathi Chaudhury, Jm

68. Ground No.1 raised in this appeal is identical to ground No.1 of the Revenue‟s appeal being ITA No.477/NAG/2014. Since we have dismissed the ground No.1 of the Revenue‟s appeal and answered the issue in favour of the assessee, ground No.1 raised in this appeal is also dismissed. 69. Ground No.2, 3 and 4 raised in this appeal

ASSTT. C.I.T, CENTRAL CIR, -2(1), NAGPUR vs. M/S GUPTA COAL(INDIA) LTD, NAGPUR

In the result, cross objections No

Bench: Shri D. Karunakara Rao, Am & Shri Partha Sarathi Chaudhury, Jm

68. Ground No.1 raised in this appeal is identical to ground No.1 of the Revenue‟s appeal being ITA No.477/NAG/2014. Since we have dismissed the ground No.1 of the Revenue‟s appeal and answered the issue in favour of the assessee, ground No.1 raised in this appeal is also dismissed. 69. Ground No.2, 3 and 4 raised in this appeal

ASSTT. C.I.T, CENTRAL CIR, -2(1), NAGPUR vs. M/S GUPTA COAL(INDIA) LTD, NAGPUR

In the result, cross objections No

Bench: Shri D. Karunakara Rao, Am & Shri Partha Sarathi Chaudhury, Jm

68. Ground No.1 raised in this appeal is identical to ground No.1 of the Revenue‟s appeal being ITA No.477/NAG/2014. Since we have dismissed the ground No.1 of the Revenue‟s appeal and answered the issue in favour of the assessee, ground No.1 raised in this appeal is also dismissed. 69. Ground No.2, 3 and 4 raised in this appeal

ASSTT. C.I.T, CENTRAL CIR, -2(1), NAGPUR vs. M/S GUPTA COAL(INDIA) LTD, NAGPUR

In the result, cross objections No

Bench: Shri D. Karunakara Rao, Am & Shri Partha Sarathi Chaudhury, Jm

68. Ground No.1 raised in this appeal is identical to ground No.1 of the Revenue‟s appeal being ITA No.477/NAG/2014. Since we have dismissed the ground No.1 of the Revenue‟s appeal and answered the issue in favour of the assessee, ground No.1 raised in this appeal is also dismissed. 69. Ground No.2, 3 and 4 raised in this appeal

ASSTT. C.I.T, CENTRAL CIR, -2(1), NAGPUR vs. M/S GUPTA COAL(INDIA) LTD, NAGPUR

In the result, cross objections No

Bench: Shri D. Karunakara Rao, Am & Shri Partha Sarathi Chaudhury, Jm

68. Ground No.1 raised in this appeal is identical to ground No.1 of the Revenue‟s appeal being ITA No.477/NAG/2014. Since we have dismissed the ground No.1 of the Revenue‟s appeal and answered the issue in favour of the assessee, ground No.1 raised in this appeal is also dismissed. 69. Ground No.2, 3 and 4 raised in this appeal

ASSTT. C.I.T, CENTRAL CIR, -2(1), NAGPUR vs. M/S GUPTA GLOBAL RESOURCES LTD(EAELIER KNOWN AS GUPTA COALFIELDS & WASHHERIES LTD), NAGPUR

In the result, cross objections No

Bench: Shri D. Karunakara Rao, Am & Shri Partha Sarathi Chaudhury, Jm

68. Ground No.1 raised in this appeal is identical to ground No.1 of the Revenue‟s appeal being ITA No.477/NAG/2014. Since we have dismissed the ground No.1 of the Revenue‟s appeal and answered the issue in favour of the assessee, ground No.1 raised in this appeal is also dismissed. 69. Ground No.2, 3 and 4 raised in this appeal

ASSTT. C.I.T, CENTRAL CIR, -2(1), NAGPUR vs. M/S GUPTA GLOBAL RESOURCES LTD(EAELIER KNOWN AS GUPTA COALFIELDS & WASHHERIES LTD), NAGPUR

In the result, cross objections No

Bench: Shri D. Karunakara Rao, Am & Shri Partha Sarathi Chaudhury, Jm

68. Ground No.1 raised in this appeal is identical to ground No.1 of the Revenue‟s appeal being ITA No.477/NAG/2014. Since we have dismissed the ground No.1 of the Revenue‟s appeal and answered the issue in favour of the assessee, ground No.1 raised in this appeal is also dismissed. 69. Ground No.2, 3 and 4 raised in this appeal

ASSTT.C,I,.T, CENTRAL CIR, -2(3), NAGPUR vs. M/S GUPTA COALFIELDS & WASHERIES LTD., NAGPUR

In the result, cross objections No

Bench: Shri D. Karunakara Rao, Am & Shri Partha Sarathi Chaudhury, Jm

68. Ground No.1 raised in this appeal is identical to ground No.1 of the Revenue‟s appeal being ITA No.477/NAG/2014. Since we have dismissed the ground No.1 of the Revenue‟s appeal and answered the issue in favour of the assessee, ground No.1 raised in this appeal is also dismissed. 69. Ground No.2, 3 and 4 raised in this appeal

ASTT.COMMISSIONER OF INCOME TAX,CENTRAL CIR 2(3) R, NAGPUR vs. M GUPTA COALFIELDS & WASHERIES LTD., NAGPUR

In the result, cross objections No

Bench: Shri D. Karunakara Rao, Am & Shri Partha Sarathi Chaudhury, Jm

68. Ground No.1 raised in this appeal is identical to ground No.1 of the Revenue‟s appeal being ITA No.477/NAG/2014. Since we have dismissed the ground No.1 of the Revenue‟s appeal and answered the issue in favour of the assessee, ground No.1 raised in this appeal is also dismissed. 69. Ground No.2, 3 and 4 raised in this appeal

ASSTT. C.I.T, CENTRAL CIR, -2(1), NAGPUR vs. M/S GUPTA COAL(INDIA) LTD, NAGPUR

In the result, cross objections No

Bench: Shri D. Karunakara Rao, Am & Shri Partha Sarathi Chaudhury, Jm

68. Ground No.1 raised in this appeal is identical to ground No.1 of the Revenue‟s appeal being ITA No.477/NAG/2014. Since we have dismissed the ground No.1 of the Revenue‟s appeal and answered the issue in favour of the assessee, ground No.1 raised in this appeal is also dismissed. 69. Ground No.2, 3 and 4 raised in this appeal

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), NAGPUR vs. M/S. NEEL INFRATECH, NAGPUR

In the result, the appeal filed by the department is dismissed

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

section u/s 151. The appellant is partnership firm engaged in marketing associate in the field of Real Estate Business. The appellant filed his original return of income u/s 139(1) for A.Y. 2019-20 on 23/07/2019 declaring total income of Rs. 14,47,930/-. In response to notice u/s 148 of the Act which was issued on 17/02/2021