ITO, WARD-1(1), SOLAPUR, SOLAPUR vs. MS. KSHIRSAGAR FABRICS, SOLAPUR

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

Bench: Shri R. K. Panda & Ms Astha Chandraassessment Year : 2009-10

purchases and sales of those stocks. Thereafter the officer has concluded that there is a loss of Rs. 19.56 crores and that the loss was speculative one. He has therefore come to a conclusion that the income chargeable to tax to the extent of Rs. 19.86 crores has escaped the assessment and that is how he has passed the order

DEPUTY COMMISSIONER OF INCOME, AURANGABAD vs. METAROLLS ISPAT PVT. LTD, JALNA

In the result, both the appeals filed by the Revenue are partly allowed

bogus / untested purchases. While dealing with the issue we have already\ndirected the Assessing Officer to adopt the profit rate of 5% on account of such\nbogus / untested purchases on the basis of the order for the preceding four years\nwhich were reopened

DEPUTY COMMISSIONER OF INCOME TAX, AURANGABAD vs. RATHI STEEL AND METAL PVT. LTD, JALNA

In the result, the appeal filed by the Revenue is partly allowed for statistical purposes

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2021-22 Dcit, Aurangabad Rathi Steel & Metal Pvt. Ltd. Plot No.F12, Addl Midc Area, Phase-Ii, Vs. Jalna – 431203 Pan : Aabcr5546A (Appellant) (Respondent) Assessee By : Shri Anand Partani Department By : Shri Ajay Kumar Keshari - Cit Date Of Hearing : 01-04-2025 Date Of Pronouncement : 27-05-2025 O R D E R

bogus purchases can be sustained or not. 16. From the various details furnished by the Ld. Counsel for the assessee, we find subsequent to the order passed by the Assessing Officer for assessment year 16 2021-22 in the case of the assessee, he has reopened

DEPUTY COMMISSIONER OF INCOME TAX, AURANGABAD vs. METAROLLS ISPAT PVT. LTD., JALNA

In the result, both the appeals filed by the Revenue are partly allowed

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2020-21

Assessing Officer to adopt the profit rate of 5% on account of such bogus / untested purchases on the basis of the order for the preceding four years which were reopened

AADHUNIK INFRASTRUCTURE DEVELOPMENT PRIVATE LIMITED,JALGAON vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1, JALGAON

In the result, the appeal filed by the assessee is allowed

Bench: Shri R. K. Panda & Shri Vinay Bhamoreassessment Year : 2012-13

reopening of the assessment by observing as under: “5. Ground Nos. 2, 3, 4 and 6 These grounds of appeal are against validity of proceedings u/s 147/148 of the Act. The appellant is engaged in trading in drip irrigation material and agricultural produce like onions. DEPARTMENT Income Tax Return in this case for the A.Y. 2012-13 declaring income

DY COMMISSIONER OF INCOME TAX, SATARA vs. KAY BOUVET ENGINEERING LIMITED, SATARA

In the result, both the appeals filed by the Revenue and both the COs filed\nby the assessee are dismissed

bogus purchases in the hands of the\ninvoice recipients by which profit of the recipients have been suppressed. The\nAssessing Officer, therefore, after recording reasons reopened the assessment

DEPUTY COMMISSIONER OF INCOME TAX, JALGAON vs. TARADEVI RATANLAL BAFNA, JALGAON

purchase of shares as disclosed\nin the ITR for assessment year 2015-16 were available before the Assessing\nOfficer at the time of original assessment u/s 153A r.w.s.143(3) of the Act,\ntherefore, in absence of any new tangible material available with the Assessing\nOfficer, he could not have reopened the case for assessment year 2015-16. Thus,\nthe decision

DY. COMMISSIONER OF INCOME TAX (EXEMPTIONS), CIRCLE, PUNE, SWARGATE, PUNE vs. SHREE CHANAKYA EDUCATION SOCIETY, AUNDH ,PUNE

In the result, both the appeals filed by the Revenue and the Cross Objection filed by the assessee are dismissed

Bench: Shri R. K. Panda & Ms Astha Chandraassessment Year : 2014-15

bogus purchase bills amounting to Rs.1,84,99,795/-. The Assessing Officer, therefore, reopened the assessment as per the provisions

DY. COMMISSIONER OF INCOME TAX (EXEMPTIONS), CIRCLE, PUNE, SWARGATE, PUNE vs. SHREE CHANAKYA EDUCATION SOCIETY, AUNDH, PUNE

In the result, both the appeals filed by the Revenue and the Cross Objection filed by the assessee are dismissed

Bench: Shri R. K. Panda & Ms Astha Chandraassessment Year : 2014-15

bogus purchase bills amounting to Rs.1,84,99,795/-. The Assessing Officer, therefore, reopened the assessment as per the provisions

ASSISTANT COMMISSIONER OF INCOME TAX, JALGAON vs. SIDHARTH RATANLAL BAFNA, JALGAON

purchase of shares as disclosed\nin the ITR for assessment year 2015-16 were available before the Assessing\nOfficer at the time of original assessment u/s 153A r.w.s.143(3) of the Act,\ntherefore, in absence of any new tangible material available with the Assessing\nOfficer, he could not have reopened the case for assessment year 2015-16. Thus,\nthe decision

INCOME TAX OFFICER, WARD-1, JALNA, JALNA vs. OMPRAKASH ASARAM MANTRI, JALNA

In the result, all the appeals filed by the Revenue are dismissed

Bench: Shri R. K. Panda & Ms Astha Chandra

bogus long term capital gain. We find when the assessee challenged the action of the Assessing Officer, the Ld. CIT(A) quashed the re-assessment proceedings, the reasons of which have already been reproduced in the preceding paragraphs. 31. We do not find any infirmity in the order of the Ld. CIT(A) on this issue. Admittedly the original assessment

INCOME TAX OFFICER, WARD -1, JALNA, JALNA vs. PRAMILA OMPRAKASH MANTRI, JALNA

In the result, all the appeals filed by the Revenue are dismissed

Bench: Shri R. K. Panda & Ms Astha Chandra

bogus long term capital gain. We find when the assessee challenged the action of the Assessing Officer, the Ld. CIT(A) quashed the re-assessment proceedings, the reasons of which have already been reproduced in the preceding paragraphs. 31. We do not find any infirmity in the order of the Ld. CIT(A) on this issue. Admittedly the original assessment

INCOME TAX OFFICER, WARD-1, JALNA, JALNA vs. ATUL OMPRAKASH MANTRI, JALNA

In the result, all the appeals filed by the Revenue are dismissed

Bench: Shri R. K. Panda & Ms Astha Chandra

bogus long term capital gain. We find when the assessee challenged the action of the Assessing Officer, the Ld. CIT(A) quashed the re-assessment proceedings, the reasons of which have already been reproduced in the preceding paragraphs. 31. We do not find any infirmity in the order of the Ld. CIT(A) on this issue. Admittedly the original assessment

INCOME TAX OFFICER, WARD-1, JALNA, JALNA vs. ATUL OMPRAKASH MANTRI, JALNA

In the result, all the appeals filed by the Revenue are dismissed

Bench: Shri R. K. Panda & Ms Astha Chandra

bogus long term capital gain. We find when the assessee challenged the action of the Assessing Officer, the Ld. CIT(A) quashed the re-assessment proceedings, the reasons of which have already been reproduced in the preceding paragraphs. 31. We do not find any infirmity in the order of the Ld. CIT(A) on this issue. Admittedly the original assessment

INCOME TAX OFFICER, WARD-1, JALNA, JALNA vs. PRAMILA OMPRAKASH MANTRI, JALNA

In the result, all the appeals filed by the Revenue are dismissed

Bench: Shri R. K. Panda & Ms Astha Chandra

bogus long term capital gain. We find when the assessee challenged the action of the Assessing Officer, the Ld. CIT(A) quashed the re-assessment proceedings, the reasons of which have already been reproduced in the preceding paragraphs. 31. We do not find any infirmity in the order of the Ld. CIT(A) on this issue. Admittedly the original assessment

INCOME TAX OFFICER, WARD-1, JALNA, JALNA vs. OMPRAKASH ASARAM MANTRI, JALNA

In the result, all the appeals filed by the Revenue are dismissed

Bench: Shri R. K. Panda & Ms Astha Chandra

bogus long term capital gain. We find when the assessee challenged the action of the Assessing Officer, the Ld. CIT(A) quashed the re-assessment proceedings, the reasons of which have already been reproduced in the preceding paragraphs. 31. We do not find any infirmity in the order of the Ld. CIT(A) on this issue. Admittedly the original assessment

INCOME TAX OFFICER, WARD-1, JALNA, JALNA vs. ASHISH OMPRAKASH MANTRI, JALNA

In the result, all the appeals filed by the Revenue are dismissed

Bench: Shri R. K. Panda & Ms Astha Chandra

bogus long term capital gain. We find when the assessee challenged the action of the Assessing Officer, the Ld. CIT(A) quashed the re-assessment proceedings, the reasons of which have already been reproduced in the preceding paragraphs. 31. We do not find any infirmity in the order of the Ld. CIT(A) on this issue. Admittedly the original assessment

DY. COMMISSIONER OF INCOME TAX,SATARA CIRCLE,SATARA, SATARA vs. KAY BOUVET ENGINEERING LIMITED, SATARA

In the result, both the appeals filed by the Revenue and both the COs filed by the assessee are dismissed

Bench: Shri R. K. Panda & Ms. Astha Chandra

bogus purchases in the hands of the invoice recipients by which profit of the recipients have been suppressed. The Assessing Officer, therefore, after recording reasons reopened

ASSISTANT COMMISSIONER OF INCOME TAX, JALGAON vs. SIDHARTH RATANLAL BAFNA, JALGAON

purchase of shares as disclosed\nin the ITR for assessment year 2015-16 were available before the Assessing\nOfficer at the time of original assessment u/s 153A r.w.s.143(3) of the Act,\ntherefore, in absence of any new tangible material available with the Assessing\nOfficer, he could not have reopened the case for assessment year 2015-16. Thus,\nthe decision