MR. GAURAV RAJENDRA MALU,JAYSINGPUR vs. PCIT, PUNE, PUNE

In the result, appeal of the assessee is dismissed

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita No.1206/Pun/2024 Assessment Year : 2017-18

bogus long term capital gain availed through a penny stock company namely Greencrest Financial Services Private Limited. Ld. AO observed that the assessee has also dealt in the very same scrip and has earned capital gain thereon. Accordingly, notice u/s.148 of the Act was issued followed by validly serving of notices u/s.143(2) of the Act. Assessee raised objections against

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

purchased by respondent on the floor of\nStock Exchange and not from the said broker, deliveries were taken,\ncontract notes were issued and shares were also sold on the floor of\nStock Exchange. The ITAT therefore, in our view, rightly concluded that\nthere was no merit in the appeal.\"\n\nThe facts of the case at hand are similar

KAY POWER AND PAPER LIMITED,SATARA vs. INCOME TAX OFFICER, WARD-2, SATARA

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

Bench: Shri R. K. Panda & Shri Vinay Bhamore

purchased and sold scripts at a price which are very less as compared to the market price on that particular day. During the FY 2014-15, M/s Kay Power and Paper Ltd. has made the transactions and booked the profit of Rs. 2,67,66,250/-. During the F.Y 2014-15, M/s Kay Power and Paper Ltd has made such

KAY POWER AND PAPER LIMITED,SATARA vs. INCOME TAX OFFICER, WARD-2, SATARA

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

Bench: Shri R. K. Panda & Shri Vinay Bhamore

purchased and sold scripts at a price which are very less as compared to the market price on that particular day. During the FY 2014-15, M/s Kay Power and Paper Ltd. has made the transactions and booked the profit of Rs. 2,67,66,250/-. During the F.Y 2014-15, M/s Kay Power and Paper Ltd has made such

VIDYARTHI VIKAS PRATISHTHAN JALGAON,JALGAON vs. INCOME TAX DEPARTMENT (NFAC), DELHI

Bench: Shri S.S.Godara & Dr. Dipak P. Ripoteआयकरअपीलसं. / Ita No.1194/Pun/2023 िनधा"रणवष" / Assessment Year : 2020-21 Vidyarthi Vikas Pratishthan Assessment Unit, Income Jalgaon, V Tax Department(Nfac) Gat No.148, Yashwant Nagar, S Ramanand Nagar, Maharashtra – 425001. Pan: Aaatv6624R Appellant/ Assessee Respondent /Revenue Assessee By Shri Hari Krishnan – Ar Revenue By Shri Sourabh Nayak – Jcit-Dr Date Of Hearing 01/02/2024 Date Of Pronouncement 02/02/2024 आदेश/ Order Per Dr. Dipak P. Ripote, Am: This Is An Appeal Filed By The Assessee Against The Order Of Ld.Commissioner Of Income Tax(Appeal)[Nfac], Delhi Under Section 250 Of The Income Tax Act, 1961 For A.Y.2020-21 Passed On 20.09.2023 Emanating From Order Under Section 143(3) R.W.S 144B Of The Income Tax Act, 1961 Dated 20.09.2022. The Assessee Has Raised The Following Grounds Of Appeal : “1. The Learned Cit(A) Has Erred In Dismissing The Grounds Of Appeal Filed Before Him By The Assessee & In Vidyarthi Vikas Pratishthan Jalgaon[A]

144B of the Income Tax Act, 1961 dated 20.09.2022. The assessee has raised the following grounds of appeal : “1. The Learned CIT(A) has erred in dismissing the grounds of appeal filed before him by the assessee and in Vidyarthi Vikas Pratishthan Jalgaon[A] confirming the arbitrary and adhoc disallowance of Rs.53,56,317/- being the 50% of expenditure claimed

DATTATRAY HANMANTRAO DESAI,KARAD vs. PRINCIPAL COMMISSIONER OF INCOME TAX, PUNE

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

Bench: Shri R. K. Panda & Ms Astha Chandraassessment Year : 2018-19

144B of the Act is erroneous in so far as it is prejudicial to the interest of Revenue. He, therefore, partly set aside the order of the Assessing Officer for the limited purpose of examining the transaction involving unsecured loans and other financial transactions. He further directed the Assessing Officer to specifically examine the following aspects: i) The AO shall

AMIT DHANOMAL HARYANI,KOLHAPUR vs. THE INCOME TAX OFFICER WARD 1(1), KOLHAPUR

In the result, the appeal of the assessee is allowed for statistical purposes

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

purchases amounting to Rs.16,70,12,650/-; (ii) addition towards unsecured loans u/s 68 amounting to Rs.12,49,500/-; (iii) disallowance of carriage outward expenses amounting to Rs.3,86,322/- and (iv) disallowance of interest expenses amounting to Rs.10,740/-. Penalty proceedings were thereafter initiated by issue of show cause notice dated 23.12.2022 which was duly served upon the assessee

RAISONI BAGRECHA DIAMONDS PRIVATE LIMITED,JALGAON vs. PNE-C-(25)(1), CIRCLE 1, JALGAON, JALGAON

In the result, the appeals of the assessee in ITA No

Bench: Shri R.K. Panda & Ms. Astha Chandraआयकर अपील सं. / Ita No.2548 & 2550/Pun/2025 धििाारण वर्ा / Assessment Year : 2015-16 & 2016-17 Raisoni Bagrecha Diamonds Pne-C-(25)(1), Pvt. Ltd. 288, Baliram Peth, Circle-1, Jalgaon Jalgaon-425001, Maharashtra Vs. Pan : Aadcr 7439 N अपीलार्थी / Appellant प्रत्यर्थी / Respondent Assessee By : Shri Sanjay T. Tupe, Ca Department By : : Smt. Indira R. Adakil –Addl. Cit Date Of Hearing : 04-12-2025 Date Of Pronouncement : 01-01-2026 आदेश / Order Per Astha Chandra, Jm : The Appeals Filed By The Assessee Is Directed Against The Separate Order(S) Both Dated 14.08.2025 Of The Ld. Commissioner Of Income Tax (Appeals), Nfac, Delhi [“Cit(A)/Nfac”] Pertaining To Assessment Year (“Ay”) 2015-16 & 2016-17. 2. The Assessee Has Raised The Following Grounds Of Appeal :-

purchases and Rs. 2,55,498/- as alleged suppressed sales, without properly appreciating the documentary evidence, accounting principles, and provisions of Section 145A of the Income Tax Act, 1961. GROUND NO. 4: GROSS VIOLATION OF PRINCIPLES OF NATURAL JUSTICE 6. The Ld. CIT(A) has grossly violated the principles of natural Justice by deliberately not intimating the defect in Form

RAISONI BAGRECHA DIAMONDS PRIVATE LIMITED,JALGAON vs. PNE-C-(25)(1), CIRCLE 1, JALGAON, JALGAON

In the result, the appeals of the assessee in ITA No

Bench: Shri R.K. Panda & Ms. Astha Chandraआयकर अपील सं. / Ita No.2548 & 2550/Pun/2025 धििाारण वर्ा / Assessment Year : 2015-16 & 2016-17 Raisoni Bagrecha Diamonds Pne-C-(25)(1), Pvt. Ltd. 288, Baliram Peth, Circle-1, Jalgaon Jalgaon-425001, Maharashtra Vs. Pan : Aadcr 7439 N अपीलार्थी / Appellant प्रत्यर्थी / Respondent Assessee By : Shri Sanjay T. Tupe, Ca Department By : : Smt. Indira R. Adakil –Addl. Cit Date Of Hearing : 04-12-2025 Date Of Pronouncement : 01-01-2026 आदेश / Order Per Astha Chandra, Jm : The Appeals Filed By The Assessee Is Directed Against The Separate Order(S) Both Dated 14.08.2025 Of The Ld. Commissioner Of Income Tax (Appeals), Nfac, Delhi [“Cit(A)/Nfac”] Pertaining To Assessment Year (“Ay”) 2015-16 & 2016-17. 2. The Assessee Has Raised The Following Grounds Of Appeal :-

purchases and Rs. 2,55,498/- as alleged suppressed sales, without properly appreciating the documentary evidence, accounting principles, and provisions of Section 145A of the Income Tax Act, 1961. GROUND NO. 4: GROSS VIOLATION OF PRINCIPLES OF NATURAL JUSTICE 6. The Ld. CIT(A) has grossly violated the principles of natural Justice by deliberately not intimating the defect in Form

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

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

144B dt 28/09/2021 is certainly bad in law, being passed on basis of said illegal notice 148 and proceedings u/s.147 of IT Act. Thus, it is requested that assessment order may be quashed. The appellant craves right to add, amend, alter, modify or substitute any or all the grounds of cross objection at the time of hearing. CO Nos.2

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

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

144B dt 28/09/2021 is certainly bad in law, being passed on basis of said illegal notice 148 and proceedings u/s.147 of IT Act. Thus, it is requested that assessment order may be quashed. The appellant craves right to add, amend, alter, modify or substitute any or all the grounds of cross objection at the time of hearing. CO Nos.2

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

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

144B dt 28/09/2021 is certainly bad in law, being passed on basis of said illegal notice 148 and proceedings u/s.147 of IT Act. Thus, it is requested that assessment order may be quashed. The appellant craves right to add, amend, alter, modify or substitute any or all the grounds of cross objection at the time of hearing. CO Nos.2

KALAVATHI DEVI SHARMA,HYDERABAD vs. ITO, WARD-1, NANDED, NANDED

In the result, appeal of the assessee is dismissed

Bench: Dr.Manish Borad

144B of the Act. 2. When the appeal called for, none appeared on behalf of the assessee despite service of notice of hearing. A perusal of the record indicates that in the past assessee had failed to appear on the following dates of hearing viz.19.09.2024, 14.11.2024, 11.03.2025, 16.04.2025 and 07.05.2024. From the above details of notices of hearing which have

JAYDEV MAHADEV ARYA,LATUR vs. ITO WARD 1, LATUR, LATUR

In the result, all the three appeals filed by the assessee are partly allowed

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

144B of the IT Act wherein the assessment was completed after making addition of Rs.32,25,000/-. The appellant did not reply to the notices issued and failed to materialize the opportunities offered to the appellant during the assessment proceedings. Now, the appellant has filed appeal before me. The appellant was given another opportunity by issuing a notice asking Copy

JAYDEV MAHADEV ARYA,LATUR vs. ITO WARD 1, LATUR, LATUR

In the result, all the three appeals filed by the assessee are partly allowed

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

144B of the IT Act wherein the assessment was completed after making addition of Rs.32,25,000/-. The appellant did not reply to the notices issued and failed to materialize the opportunities offered to the appellant during the assessment proceedings. Now, the appellant has filed appeal before me. The appellant was given another opportunity by issuing a notice asking Copy