DCIT-CC-2(1), NAGPUR, NAGPUR vs. INDRAKUMAR GHISULAL AGRAWAL, NAGPUR

In the result, appeal by the assessee stands allowed

Bench: Shri Pawan Singh & Shri Khettra Mohan Roy

section 68 of the Act. 27. The learned Departmental Representative has referred to judicial precedent in Suman Poddar which has been referred to as that of the Hon’ble Kolkata High Court. The aforesaid decision in fact is rendered by the Hon’ble Delhi High Court and is reported as 423 ITR 480 (Del). The aforesaid decision of Suman

UMESH SADASHIV THAKRE ,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(1), NAGPUR

206, 2nd Floor, AayakarBhawan,\nCivil Lines, Nagpur 440 001\nF.No. Addl.CIT CR-2/NGP/Yamsanwar Gr./AMY/2021-22\nDated: 16.07.2021 CONFIDENTIAL\nTo\nSir,\nThe Addl. Director of Income Tax (Inv.), Nagpur\nSub: Search u/s 132(1) conducted in Yamsanwar Group of cases - deviation\nnote in the case of Shri Atul Manohar Yamsanwar reg.-\n2.\nKindly refer to the above subject.\nKindly find

ATUL MANOHARRAO YAMSANWAR,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE 2(1), NAGPUR

206, 2nd Floor, AayakarBhawan, Civil Lines, Nagpur 440 001 F.No. Addl.CIT CR-2/NGP/Yamsanwar Gr./AMY/2021-22 Dated: 16.07.2021 CONFIDENTIAL To Sir, The Addl. Director of Income Tax (Inv.), Nagpur Sub: Search u/s 132(1) conducted in Yamsanwar Group of cases deviation note in the case of Shri Atul Manohar Yamsanwar reg.- Kindly refer to the above subject. 2. Kindly find

UMESH SADASHIV THAKRE ,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(1), NAGPUR

206, 2nd Floor, AayakarBhawan, Civil Lines, Nagpur 440 001 F.No. Addl.CIT CR-2/NGP/Yamsanwar Gr./AMY/2021-22 Dated: 16.07.2021 CONFIDENTIAL To Sir, The Addl. Director of Income Tax (Inv.), Nagpur Sub: Search u/s 132(1) conducted in Yamsanwar Group of cases deviation note in the case of Shri Atul Manohar Yamsanwar reg.- Kindly refer to the above subject. 2. Kindly find

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), NAGPUR vs. ATUL YAMSANWAR , NAGPUR

206, 2nd Floor, AayakarBhawan,\nCivil Lines, Nagpur 440 001\nF.No. Addl.CIT CR-2/NGP/Yamsanwar Gr./AMY/2021-22\nDated: 16.07.2021\nCONFIDENTIAL\nTo\nSir,\nThe Addl. Director of Income Tax (Inv.),\nNagpur\nSub: Search u/s 132(1) conducted in Yamsanwar Group of cases\nnote in the case of Shri Atul Manohar Yamsanwar reg.-\ndeviation\nKindly refer to the above subject.\n2. Kindly find

UMESH SADASHIV THAKRE ,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(1), NAGPUR

In the result, all the appeals filed by the assessee are allowed and all\nthe appeals filed by the Revenue are dismissed

206, 2nd Floor, AayakarBhawan,\nCivil Lines, Nagpur 440 001\nF.No. Addl.CIT CR-2/NGP/Yamsanwar Gr./AMY/2021-22\nDated: 16.07.2021\nCONFIDENTIAL\nTo\nSir,\nThe Addl. Director of Income Tax (Inv.),\nNagpur\n2.\nSub: Search u/s 132(1) conducted in Yamsanwar Group of cases\nnote in the case of Shri Atul Manohar Yamsanwar reg.-\ndeviation\nKindly refer to the above subject.\n2.\nKindly

ATUL MANOHARRAO YAMSANWAR,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE 2(1), NAGPUR

206, 2nd Floor, AayakarBhawan,\nCivil Lines, Nagpur 440 001\nF.No. Addl.CIT CR-2/NGP/Yamsanwar Gr./AMY/2021-22\nDated: 16.07.2021\nCONFIDENTIAL\nTo\nSir,\nThe Addl. Director of Income Tax (Inv.),\nNagpur\nSub: Search u/s 132(1) conducted in Yamsanwar Group of cases\nnote in the case of Shri Atul Manohar Yamsanwar reg.-\ndeviation\n2.\nKindly refer to the above subject.\nKindly find

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), NAGPUR vs. ATUL YAMSANWAR , NAGPUR

In the result, all the appeals filed by the assessee are allowed and all\nthe appeals filed by the Revenue are dismissed

206, 2nd Floor, AayakarBhawan,\nCivil Lines, Nagpur 440 001\nF.No. Addl.CIT CR-2/NGP/Yamsanwar Gr./AMY/2021-22\nDated: 16.07.2021\nCONFIDENTIAL\nTo\nSir,\nThe Addl. Director of Income Tax (Inv.),\nNagpur\nSub: Search u/s 132(1) conducted in Yamsanwar Group of cases - deviation\nnote in the case of Shri Atul Manohar Yamsanwar reg.-\n2.\nKindly refer to the above subject.\nKindly find

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), NAGPUR vs. ATUL YAMSANWAR , NAGPUR

In the result, all the appeals filed by the assessee are allowed and all\nthe appeals filed by the Revenue are dismissed

206, Telangkhedi Road, Civil Lines, Nagpur - 440 001\nF.No. Addl. CIT/CR-2/NGP/153D/Atul M Yamsanwar/2021-22\nDate: 18.08.2021\nTo,\nThe Asstt. Commissioner of Income-Tax\nCentral Circle -2(1), Nagpur\nSub.: Approval U/s 153D of the I.T. Act in the case of Shri Atul\nManoharrao Yamsanwar, PAN: AAEPY4543Q for A.Y. 2014-15-reg.\nRef.: Letter F.No.\nACIT.Cen.Cir-2(1)/NGP/AY/Draft/21-22\ndated\n04.08.2021

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), NAGPUR vs. ATUL YAMSANWAR , NAGPUR

In the result, all the appeals filed by the assessee are allowed and all\nthe appeals filed by the Revenue are dismissed

206, 2nd Floor, AayakarBhawan,\nCivil Lines, Nagpur 440 001\nF.No. Addl.CIT CR-2/NGP/Yamsanwar Gr./AMY/2021-22\nDated: 16.07.2021\nCONFIDENTIAL\nTo\nSir,\nThe Addl. Director of Income Tax (Inv.),\nNagpur\n2.\nSub: Search u/s 132(1) conducted in Yamsanwar Group of cases\nnote in the case of Shri Atul Manohar Yamsanwar reg.-\ndeviation\nKindly refer to the above subject.\nKindly find

ATUL MANOHARRAO YAMSANWAR,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE 2(1), NAGPUR

206, 2nd Floor, AayakarBhawan,\nCivil Lines, Nagpur 440 001\nF.No. Addl.CIT CR-2/NGP/Yamsanwar Gr./AMY/2021-22\nDated: 16.07.2021\nCONFIDENTIAL\nTo\n2.\nSir,\nThe Addl. Director of Income Tax (Inv.),\nNagpur\nSub: Search u/s 132(1) conducted in Yamsanwar Group of cases - deviation\nnote in the case of Shri Atul Manohar Yamsanwar reg.-\nKindly refer to the above subject.\nKindly find

YRCE EDUCATE PVT. LTD,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(1), NAGPUR

In the result, all the appeals filed by the assessee are allowed and all\nthe appeals filed by the Revenue are dismissed

206, 2nd Floor, AayakarBhawan,\nCivil Lines, Nagpur 440 001\nF.No. Addl.CIT CR-2/NGP/Yamsanwar Gr./AMY/2021-22\nDated: 16.07.2021\nCONFIDENTIAL\nTo\n2.\nSir,\nThe Addl. Director of Income Tax (Inv.),\nNagpur\nSub: Search u/s 132(1) conducted in Yamsanwar Group of cases\nnote in the case of Shri Atul Manohar Yamsanwar reg.-\nKindly refer to the above subject.\ndeviation\nKindly find

YRCE EDUCATE PVT. LTD,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(1), NAGPUR

206, 2nd Floor, AayakarBhawan,\nCivil Lines, Nagpur 440 001\nF.No. Addl.CIT CR-2/NGP/Yamsanwar Gr./AMY/2021-22\nDated: 16.07.2021\nCONFIDENTIAL\nTo\nSir,\nThe Addl. Director of Income Tax (Inv.),\nNagpur\n2.\nSub: Search u/s 132(1) conducted in Yamsanwar Group of cases\nnote in the case of Shri Atul Manohar Yamsanwar reg.-\ndeviation\nKindly refer to the above subject.\nKindly find

YRCE EDUCATE PVT. LTD,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(1), NAGPUR

206, 2nd Floor, AayakarBhawan,\nCivil Lines, Nagpur 440 001\nF.No. Addl.CIT CR-2/NGP/Yamsanwar Gr./AMY/2021-22\nDated: 16.07.2021\nCONFIDENTIAL\nTo\nSir,\nThe Addl. Director of Income Tax (Inv.),\nNagpur\nSub: Search u/s 132(1) conducted in Yamsanwar Group of cases\nnote in the case of Shri Atul Manohar Yamsanwar reg.-\ndeviation\n2.\nKindly refer to the above subject.\nKindly find

ATUL MANOHARRAO YAMSANWAR,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE 2(1), NAGPUR

In the result, all the appeals filed by the assessee are allowed and all\nthe appeals filed by the Revenue are dismissed

206, 2nd Floor, AayakarBhawan,\nCivil Lines, Nagpur 440 001\nF.No. Addl.CIT CR-2/NGP/Yamsanwar Gr./AMY/2021-22\nDated: 16.07.2021\nCONFIDENTIAL\nTo\nSir,\nThe Addl. Director of Income Tax (Inv.),\nNagpur\nSub: Search u/s 132(1) conducted in Yamsanwar Group of cases\nnote in the case of Shri Atul Manohar Yamsanwar reg.-\ndeviation\n2.\nKindly refer to the above subject.\nKindly find

ATUL MANOHARRAO YAMSANWAR,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE 2(1), NAGPUR

In the result, all the appeals filed by the assessee are allowed and all\nthe appeals filed by the Revenue are dismissed

206, 2nd Floor, AayakarBhawan,\nCivil Lines, Nagpur 440 001\nF.No. Addl.CIT CR-2/NGP/Yamsanwar Gr./AMY/2021-22\nDated: 16.07.2021\nCONFIDENTIAL\nTo\nSir,\nThe Addl. Director of Income Tax (Inv.),\nNagpur\n2.\nSub: Search u/s 132(1) conducted in Yamsanwar Group of cases\nnote in the case of Shri Atul Manohar Yamsanwar reg.-\ndeviation\nKindly refer to the above subject.\n2.\nKindly

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

206 6 Shri Vishwakarma Jewellers ITA no.99/Nag./2025 ITD 289, and had propounded their meticulous findings as narrated below vide their judgment dated 23/01/2024. “13. Heard. To appreciate the aforesaid rival positions, we refer to the provisions of Section 69A of the Act. Section 69A provides that where in any financial year the Assessee is found

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCEL-2(2), NAGPUR vs. AJAY VISHANDAS KAMNANI, NAGPUR

In the result, appeal filed by the Revenue is dismissed

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

206 187,714,155 6,372,490 3.39 2018–19 221,608,352 241,335,770 3,876,403 1.61