INCOME TAX OFFICER, WARD 7(1), PUNE, PUNE vs. ANIL JAIRAM GOEL, PUNE

In the result, the appeal filed by the Revenue in ITA

Bench: SHRI MANISH BORAD (Accountant Member), SHRI VINAY BHAMORE (Judicial Member)

37,366/- instead of Rs.2,53,72,426/- without considering the decision of Hon'ble Supreme Court of India in the case of N.K. proteins Ltd vs Deputy Commissioner of Income Tax (769 of 2017) wherein the apex court has confirmed 100% addition made on account of bogus purchases rather than considering only the profit margin on the addition made

INCOME TAX OFFICER, PUNE vs. ANIL JAIRAM GOEL, PUNE

In the result, the appeal filed by the Revenue in ITA

Bench: SHRI MANISH BORAD (Accountant Member), SHRI VINAY BHAMORE (Judicial Member)

37,366/- instead of Rs.2,53,72,426/- without considering the decision of Hon'ble Supreme Court of India in the case of N.K. proteins Ltd vs Deputy Commissioner of Income Tax (769 of 2017) wherein the apex court has confirmed 100% addition made on account of bogus purchases rather than considering only the profit margin on the addition made

ASSISTANT COMMISSIONER OF INCOME TAX, KOLHAPUR vs. NATHMAL RUPCHAND JAIN, KOLHAPUR

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

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

bogus purchase entries from M/s. Rishabh Trading Company, which the Ld. CIT(A) / NFAC had admitted therefore, without appreciating the facts properly the Ld. CIT(A) / NFAC was not justified in deleting the addition made by the Assessing Officer u/s 69A. He accordingly submitted that the order of the Ld. CIT(A) / NFAC be reversed and that of the Assessing

ACIT, CIRCLE-1, NASHIK, NASHIK vs. TAPARIA TOOLS LIMITED, NASHIK

In the result, both the appeal of the Revenue as well as Cross Objection of the assessee are allowed for statistical purposes as per the terms indicated above

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita No.1337/Pun/2025 Assessment Year : 2017-18

bogus purchases amounting to Rs.87,64,74,079/-is being made u/s 37(1) of the Act, and added to the total income of the assessee. Penalty u/s 270A(9) of misreporting of income is being initiated. Section

DCIT-CIRCLE 7 PUNE, BODHI TOWER SALISBURY PARK PUNE vs. TRIO CHEMSUCROTECH ENG. PROJECTS PVT. LTD, PUNE

purchases and expenses and also based on the information collected from the assessee observed that the assessee company has arranged bogus expenses of Rs.24.24 crore which inter alia included bogus commission expenses also. When the assessee was confronted, it was submitted that these bogus losses have been arranged to cover up the inflated project value invoiced to TIL by Rs.26.55

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

37,86,354/-. He observed that as per report received from the 5 CO No.12/PUN/2025 investigation wing of the department, M/s. Dev Shreem Solutions was a shell company and was providing accommodation entry / bogus bills without actual purchases. He referred to the information received from the Investigation Wing, the statement of Mr. Joginder Pal Gupta, the details found from

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

37,86,354/-. He observed that as per report received from the 5 CO No.12/PUN/2025 investigation wing of the department, M/s. Dev Shreem Solutions was a shell company and was providing accommodation entry / bogus bills without actual purchases. He referred to the information received from the Investigation Wing, the statement of Mr. Joginder Pal Gupta, the details found from

ALNESH AKIL SOMJI,PUNE vs. ASSISTANT COMMISSIONER OF INCOME TAX, PUNE

In the result, both the appeals filed by the assessee are partly allowed for statistical purposes

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

bogus expenditure in the garb of interest expenses. 10. We are of the view that it is not necessary that the expenditure incurred must have been obligatory; it is enough to show that the money was expended not necessary with a view to an immediate benefit to the assessee but voluntarily and on the ground of necessity and in order

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

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]

Purchase bills are attached herewith] Rs.46,89,549/- Less: Closing Stock Rs.5,61,225/- Total Rs.1,08,75,308/- 3. Assessee also claimed during the assessment proceedings, which is mentioned in the assessment order that assessee could not file Return of Income for the year in ITR-7 due to some technical reasons, as a result, assessee filed Return

DY.COMMISSIONER OF INCOME TAX CIRCLE-1 NASSHIK, NASHIK vs. HARSH CONSTRUCTIONS PRIVATE LIMITED, NASHIK

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

Bench: Shri R. K. Panda & Ms Astha Chandraassessment Year : 2014-15 Dcit, Circle – 1, Harsh Constructions Pvt. Ltd. Nashik Sanskruti, Murkute Colony, Vs. New Pandit Colony, Sharanpur Road, Nashik – 422002 Pan: Aacch2277H (Appellant) (Respondent) Assessee By : Shri Dhiraj S. Dandgaval Department By : Shri Ramnath P Murkunde Date Of Hearing : 03-07-2024 Date Of Pronouncement : 10-07-2024 O R D E R Per R.K. Panda, Vp : This Appeal Filed By The Revenue Is Directed Against The Order Dated 20.12.2023 Of The Cit(A) / Nfac, Delhi Relating To Assessment Year 2014-15. 2. The Revenue In The Grounds Of Appeal Has Challenged The Order Of The Ld. Cit(A) In Restricting The Disallowance To Rs.2,24,191/- As Against Rs.1,25,51,607/- Proposed By The Assessing Officer In The Remand Report As Against Rs.4,38,96,880/- Added By Him In The Order Passed U/S.143(3) Of The Income Tax Act, 1961 (Hereinafter Referred To As ‘The Act’).

bogus and non- genuine due to non compliance of notices issued u/s 133(6) of the Income Tax Act, 1961 issued to various sub-contractor. Further, during the remand report proceeding, the Ld. Assessing officer has proposed the addition of Rs.1,25,51,607/-instead of addition of Rs.4,41,21,079/- as earlier made after due verification, details

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

37,88,400-30,00,000) with him which was mentioned as deposit with him against the purchase and also shown as amount received through cheque. Later on sales of shares the operator recorded sale proceeds which was given through cheque at Rs 5,75,22,500. For purchasing the accommodation entries, the operator charged commission

DINESHKUMAR RAMCHANDRA TULSYAN (HUF),,NASHIK vs. INCOME-TAX OFFICER, WARD - 1(5),, NASHIK

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

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2014-15 Dineshkumar Ramchandra Tulsyan (Huf) Ito, Ward 1(5), 214B, Laxmi Niwas, Mahatma Nagar, Vs. Nashik Nashik – 422007 Pan: Aachd5953R (Appellant) (Respondent) Assessment Year : 2014-15 Smt. Sumandevi Dineshkumar Tulsyan Ito, Ward 1(5), 214B, Laxmi Niwas, Mahatma Nagar, Vs. Nashik Nashik – 422007 Pan: Ackpt1322Q (Appellant) (Respondent)

section 68, therefore the addition of alleged commission payment is also deleted. This ground of assessee is also allowed." 7. Considering the aforesaid observations and findings recorded by the Tribunal, we notice that the transaction of the assessee was doubted by the authority on the basis of the report of the Investigating Wing, Kolkata. It is pertinent to note

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

purchase and sale of share as sham transactions and sale proceeds of shares were treated as undisclosed income under section 68, since payments were received through account payee cheques and transactions were done through recognized stock exchange, and there was no evidence that assessee had paid cash in return of receipt through cheque Tribunal rightly deleted addition holding that transactions

SMT. SUMANDEVI DINESHKUMAR TULSYAN,,NASHIK vs. INCOME-TAX OFFICER, WARD - 1(5),, NASHIK

section 68 is deleted. Considering the fact\nthat I have accepted the LTCG by deleting the addition made under\nsection 68, therefore the addition of alleged commission payment is\nalso deleted. This ground of assessee is also allowed.\"\n7. Considering the aforesaid observations and findings recorded by the\nTribunal, we notice that the transaction of the assessee was doubted

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

bogus purchases over and above rate of gross profit of 4.63 per cent declared by assessee and passed assessment order, since assessee had produced all necessary details of purchase, sales, audited books of account, quantity details and there was no discrepancy between purchase and sales declined, Assessing Officer had taken one possible view out of two assumption and thus