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

purchase and\nsale of shares were a part of accommodation entry and represents unexplained\ninvestment made by assessee in cash to obtain an equivalent amount of bogus\nprofit on sale of shares.\n7. We find nothing to indicate failure to disclose any material fact. Upon\nexamining the order u/s 143(3) we find that the AO has considered these very

PRO-ARC WELDINGS & CUTTING SYSTEMS PVT.LTD,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE - 10,, PUNE

In the result, the appeal of assessee is allowed

Bench: Ms. Sushma Chowla, Jm आयकर अपीऱ सं. / Ita No.2365/Pun/2017 यििाारण वषा / Assessment Year : 2009-10 Pro-Arc Welding & Cutting Systems Pvt. Ltd., Gat No.246, Chimbali, अऩीऱाथी/Appellant Khed, Pune – 412501 …. Pan: Aaecp1289M Vs.

section 143(3) r.w.s. 147 of the Income-tax Act, 1961 (in short ‘the Act’). 2. The assessee has raised the following grounds of appeal:- 1. The learned CIT(A) erred in law and on facts in sustaining the addition of Rs.3,35,516/- made by the learned AO on account of alleged bogus purchases, and thereby sustaining the assessed

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

section 68 of the Act. The\nappellant strongly objected to it in Grounds No. 5 and 6.\n\n8.1 The appellant submitted all the documents to the assessing officer at the\nassessment stage that pertain to the sale and purchase of the shares of M/s PFL\nInfotech Ltd., like DEMAT account statement, copy of bank statement reflecting the\nsale

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

section 68 of the Act. The\nappellant strongly objected to it in Grounds No. 5 and 6.\n\n8.1 The appellant submitted all the documents to the assessing officer at the\nassessment stage that pertain to the sale and purchase of the shares of M/s PFL\nInfotech Ltd., like DEMAT account statement, copy of bank statement reflecting the\nsale

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

section 68 of the Act. The\nappellant strongly objected to it in Grounds No. 5 and 6.\n\n8.1 The appellant submitted all the documents to the assessing officer at the\nassessment stage that pertain to the sale and purchase of the shares of M/s PFL\nInfotech Ltd., like DEMAT account statement, copy of bank statement reflecting the\nsale

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

151 of the Act. In response to the notice u/s 148, the assessee filed the return of income on 20.04.2018 declaring total income at Rs.16,79,227/-. The assessee requested the Assessing Officer to provide reasons for re-opening of the case which were provided to the assessee on 10.05.2018. Further, the assessee vide letter dated 01.06.2018 objected

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

151 of the Act. In response to the notice u/s 148, the assessee filed the return of income on 20.04.2018 declaring total income at Rs.16,79,227/-. The assessee requested the Assessing Officer to provide reasons for re-opening of the case which were provided to the assessee on 10.05.2018. Further, the assessee vide letter dated 01.06.2018 objected

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

151 of the Act. In response to the notice u/s 148, the assessee filed the return of income on 20.04.2018 declaring total income at Rs.16,79,227/-. The assessee requested the Assessing Officer to provide reasons for re-opening of the case which were provided to the assessee on 10.05.2018. Further, the assessee vide letter dated 01.06.2018 objected

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

151 of the Act. In response to the notice u/s 148, the assessee filed the return of income on 20.04.2018 declaring total income at Rs.16,79,227/-. The assessee requested the Assessing Officer to provide reasons for re-opening of the case which were provided to the assessee on 10.05.2018. Further, the assessee vide letter dated 01.06.2018 objected

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

151 of the Act. In response to the notice u/s 148, the assessee filed the return of income on 20.04.2018 declaring total income at Rs.16,79,227/-. The assessee requested the Assessing Officer to provide reasons for re-opening of the case which were provided to the assessee on 10.05.2018. Further, the assessee vide letter dated 01.06.2018 objected

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

151 of the Act. In response to the notice u/s 148, the assessee filed the return of income on 20.04.2018 declaring total income at Rs.16,79,227/-. The assessee requested the Assessing Officer to provide reasons for re-opening of the case which were provided to the assessee on 10.05.2018. Further, the assessee vide letter dated 01.06.2018 objected

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

151 of the Act. In response to the notice u/s 148, the assessee filed the return of income on 20.04.2018 declaring total income at Rs.16,79,227/-. The assessee requested the Assessing Officer to provide reasons for re-opening of the case which were provided to the assessee on 10.05.2018. Further, the assessee vide letter dated 01.06.2018 objected

JAIBHAGWAN BANARASIDAS JINDAL,JALNA vs. THE INCOME TAX OFFICER, WARD-1, JALNA

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

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2016-17

section 151(2) r.w.s.149(1)(a) of the Income tax Act 1961.” 5. During the course of assessment proceedings the Assessing Officer noted that a search and survey operation u/s 132/133 of the Income Tax Act, 1961 was conducted on 16.05 2018 by the office of the DDIT (Inv.), Unit 3-(3), Delhi on Dutta and Tyagi group and during

GOPAL EXTRUSIONS PVT LTD,,JALGAON vs. INCOME-TAX OFFICER, WARD - 1(2),, JALGAON

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita. No.1633/Pun/2017 Assessment Year : 2008-09

151 is obtained on the reasons recorded. C. The Approval alongwith proposal clearly shows that it was only proposal and there is no finding about the reason to believe. D. The appellant has discharged the burden u/s 68 by furnishing the supporting documents. E. There is no material to show that the money is unaccounted income of the appellant

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

section 147 of the Act. Notice u/s 148 was issued on 28.03.2019 after obtaining approval of Pr. Commissioner of Income Tax. 8. During the appellate proceedings, it was stated by the Ld. AR that there was no material before the AO on the basis of which such belief could have been made and therefore, such reasons were arbitrary. Approval

SANGEETA BASAVRAJ MANGRULE,,AURANGABAD vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE - 2,, AURANGABAD

Appeal is dismissed in above terms

purchasing the premises. In this backdrop of facts, their Hon‟ble Supreme Court held that although the apparent must be considered as real, but if there are reasons to believe that the apparent is not real, as is the case under consideration as well, then the apparent should be ignored to unearth the harsh reality. 14. Similar view has been

ASHOK VIJAYKUMAR KOTECHA,JALGAON vs. ACIT, CIRCLE 1, JALGAON, JALGAON

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

Bench: Shri R. K. Panda & Shri Vinay Bhamoreassessment Year : 2011-12

151 of the Act. In view of the above facts and circumstances, I have, therefore, reason to believe that the income chargeable to tax to the extent of Rs.1,52,62,200/- has escaped assessment for the relevant assessment year within the meaning of Explanation 2(c) to section 147 of the Income Tax Act, 1961. Thus, notice

ASST. COMMISSIONER OF INCOME TAX, PANVEL CIRCLE PANVEL vs. OUTABOX MEDIA SOLUTIONS LLP, GHATKOPAR MUMBAI

In the result, the appeal filed by the Revenue is partly allowed

Bench: Shri R. K. Panda & Ms Astha Chandraassessment Year : 2017-18

151 taxmann.com 434 (SC), he submitted that the Hon'ble Supreme Court in the said decision has held that when the assessee had participated in the assessment proceedings pursuant to the notice issued u/s 142(1) of the Act and had not questioned the jurisdiction of the Assessing Officer, therefore, provisions of section 124(3)(a) precludes the assessee from