THE DY. C.I.T., CENTRAL CIR. 2(1),, NAGPUR vs. M/S MAHAVIR COAL RESOURCES PVT. LTD.,,

In the result, appeal filed by the Revenue for A

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

section 68 of the Act is unjustified and unsustainable. Various judicial precedents relied upon in the submission of assessee are as under:– i) CIT v/s Lovely Exports Pvt. Ltd. [2008] 216

THE DY. C.I.T., CENTRAL CIR. 2(1),, NAGPUR vs. M/S MAHAVIR COAL RESOURCES PVT. LTD.,,

In the result, appeal filed by the Revenue for A

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

section 68 of the Act is unjustified and unsustainable. Various judicial precedents relied upon in the submission of the assessee are as under:– i) CIT v/s Lovely Exports Pvt. Ltd. [2008] 216

DY COMMISSIONER OF INOCME TAX , CIRCLE -2, NAGPUR vs. M/S N KUMAR CONSTRUCTION CO .PVT.LTD , NAGPUR

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

216 CTR (SC) 195, as also by this Court in CIT Vs. Creative World Telefilms Ltd., (2011) 333 ITR 100 (Bom.). In such circumstances, we are of the view that the Tribunal‘s finding that there is no justification in the addition made under Section 68

DY COMMISSIONER OF INOCME TAX , CIRCLE -2, NAGPUR vs. M/S N KUMAR CONSTRUCTION CO .PVT.LTD , NAGPUR

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

216 CTR (SC) 195, as also in CIT vs Creative World Telefilms Ltd (2011) 333 ITR 100 (Bom). In such situation there is no justification in making addition made under section 68

DY COMMISSIONER OF INCOME TAX , CIRCLE-1, NAGPUR vs. M/S NIHAL GITS PVT.LTD , NAGPUR

In the result, appeal filed by the Revenue is dismissed

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

216 CTR (SC) 195, as also by this Court in CIT vs. Creative World Telefilms Ltd., (2011) 333 ITR 100 (Bom.). In such circumstances, we are of the view that the Tribunal's finding that there is no justification in the addition made under Section 68

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE -1, NAGPUR vs. M/S RAGHAV FINVEST PVT LTD , NAGPUR

In the result, appeal filed by the Revenue is dismissed

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

216 CTR (SC) 195, as also by this Court in CIT vs. Creative World Telefilms Ltd., (2011) 333 ITR 100 (Bom.). In such circumstances, we are of the view that the Tribunal's finding that there is no justification in the addition made under Section 68

ASSTT.COMMISSIONER OF INCOME TAX CIRCLE-1, NAGPUR vs. VISHNU GILTS PVT.LT, NAGPUR

In the result, appeal filed by the Revenue is dismissed

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

216 CTR (SC) 195, as also by this Court in CIT vs. Creative World Telefilms Ltd., (2011) 333 ITR 100 (Bom.). In such circumstances, we are of the view that the Tribunal's finding that there is no justification in the addition made under Section 68

DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1(3), NAGPUR vs. M/S. FUELCO COAL INDIA LTD., NAGPUR

Appeal of the Revenue is dismissed

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

section 40(a)(ia) are applicable in appellant's case and therefore the addition made by the AO was not warranted. The addition of Rs 1,50,000/- made u/s 40(a)(ia) may be deleted only if the appellant's AR submits necessary documentary evidence in support of his contention. Hence, this ground of appeal is 'partly allowed

DAYAL COTSPIN LIMITED,AKOLA vs. ACIT, AKOLA CIRCLE, AKOLA

In the result, appeal filed by the assessee is allowed

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

68 of the Act is unjustified and is directed to be deleted. 19. It is seen that the regular assessment was framed under section 143(3) of the Act on 23/03/2015. In the course of regular assessment, notice under section 142(1) of the Act was issued seeking details of share capital (Pages 166 & 167) dated 16/12/2014. Details

TAJSHREE AUTOWHEELS PRIVATE LIMITED,NAGPUR vs. ACIT CIRCLE-4, NAGPUR

In the result, assessee’s appeal is allowed for statistical purposes

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

68,690 14.35 Total 7,50,090 63.81 3. Details of shareholders from whom amount of Rs.1,00,00,000 was raised is as follows- Total Sr.No. Name No. of shares allotted amount received 1. Avinash Bhute 1,00,000 50,00,000 2. Nitin Bhute 50,000 25,00,000 3. Prashant Bhute

DY. C.I.T. CENTRAL CIR2(2), NAGPUR vs. M/S SHREE AGRAWAL COAL INDIA PVT. LTD.,, NAGPUR

In the result, Revenue’s appeal stands dismissed

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

216, Devi Kripa Society ……………. Respondent Wardhaman Nagar, Nagpur 440 008 PAN – AAFCS6709L Assessee by : Shri Sachin V. Luthra Revenue by : Shri Harshad S. Vengurlekar Date of Hearing – 14/05/2025 Date of Order – 15/05/2025 O R D E R PER K.M. ROY, A.M. The aforesaid appeal by the Revenue is directed against the impugned order dated 18/12/2015, passed by the learned Commissioner

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 is dismissed

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

216, Devi Kripa Society ……………. Respondent Wardhaman Nagar, Nagpur 440 008 PAN – AABCA4981E Assessee by : Shri Sachin V. Luthra Revenue by : Harshad S. Vengurlekar Date of Hearing – 14/05/2025 Date of Order – 15/05/2025 O R D E R PER K.M. ROY, A.M. The instant appeal by the Revenue is emanating from the impugned order dated 21/01/2016, passed by the learned Commissioner

ACIT, CIRCLE-1, NAGPUR vs. SMT DISHA DEVEN MALVIYA , NAGPUR

Bench: Shri Satbeer Singh Godara & Dr. Dipak Ripote

section as such. On the facts and circumstances of the case and in law, the addition as held to be made U/s 69 makes the entire addition made by the AO illegal and liable to be deleted as per law. 3. The addition made by the AO, if held to be made U/s 68

ACIT, CIRCLE-1, NAGPUR vs. SMT DISHA DEVEN MALVIYA L/H OF LATE SHRI DEVEN MALVIYA , NAGPUR

Bench: Shri Satbeer Singh Godara & Dr. Dipak Ripote

section as such. On the facts and circumstances of the case and in law, the addition as held to be made U/s 69 makes the entire addition made by the AO illegal and liable to be deleted as per law. 3. The addition made by the AO, if held to be made U/s 68

ACIT, CIRCLE -1, NAGPUR vs. SMT DESHA DEVEN MALVIYA L/H OF LATE SHRI DEVEN MALVIYA, NAGPUR

Bench: Shri Satbeer Singh Godara & Dr. Dipak Ripote

section as such. On the facts and circumstances of the case and in law, the addition as held to be made U/s 69 makes the entire addition made by the AO illegal and liable to be deleted as per law. 3. The addition made by the AO, if held to be made U/s 68

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

216, DevKripa Society, Wardhman Nagar Nagpur 440 008 PAN – AABCT8675J Assessee by : Shri Sachin V. Luthra Revenue by : Shri Harshad S. Vengurlekar Date of Hearing – 14/05/2025 Date of Order – 15/05/2025 O R D E R PER K.M. ROY, A.M. The instant appeals by the Revenue are emanating from the separate impugned orders passed by the first appellate authority, the details

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

216, DevKripa Society, Wardhman Nagar Nagpur 440 008 PAN – AABCT8675J Assessee by : Shri Sachin V. Luthra Revenue by : Shri Harshad S. Vengurlekar Date of Hearing – 14/05/2025 Date of Order – 15/05/2025 O R D E R PER K.M. ROY, A.M. The instant appeals by the Revenue are emanating from the separate impugned orders passed by the first appellate authority, the details