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

In the result, all the above 6 appeals filed by the Revenue are dismissed and

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

132 was conducted in the case of the assessee on 02.05.2013. The assessee filed original return of income on 23.10.2015 declaring total income of Rs.1,23,93,990/-. Thereafter, assessment under section u/s 143(3) r.w.s.153B was completed on 30.11.2016 accepting the total income returned. 2. As per the information in possession of this office, the assessee had sold

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

In the result, all the above 6 appeals filed by the Revenue are dismissed and

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

132 was conducted in the case of the assessee on 02.05.2013. The assessee filed original return of income on 23.10.2015 declaring total income of Rs.1,23,93,990/-. Thereafter, assessment under section u/s 143(3) r.w.s.153B was completed on 30.11.2016 accepting the total income returned. 2. As per the information in possession of this office, the assessee had sold

JOSHI WADEWALE HADAPSAR,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, appeals in the case of Mrs

Bench: Ms. Sushma Chowla, Jm & Shri D. Karunakara Rao, Am आयकर अपीऱ सं. / Ita Nos.95 & 96/Pun/2016 यििाारण वषा / Assessment Years : 2009-10 & 2010-11

capital gains and thus, concealed the particulars of income and consequently, penalty proceedings under section 271(1)(c) of the Act were initiated separately by the Assessing Officer. The above said finding of the Assessing Officer is the deemed satisfaction recorded by the Assessing Officer before initiating penalty proceedings under section 271(1)(c) of the Act and in view

JOSHI WADEWALE PRABHAT CINEMA,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, appeals in the case of Mrs

Bench: Ms. Sushma Chowla, Jm & Shri D. Karunakara Rao, Am आयकर अपीऱ सं. / Ita Nos.95 & 96/Pun/2016 यििाारण वषा / Assessment Years : 2009-10 & 2010-11

capital gains and thus, concealed the particulars of income and consequently, penalty proceedings under section 271(1)(c) of the Act were initiated separately by the Assessing Officer. The above said finding of the Assessing Officer is the deemed satisfaction recorded by the Assessing Officer before initiating penalty proceedings under section 271(1)(c) of the Act and in view

JOSHI WADEWALE SHEWALWADI,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, appeals in the case of Mrs

Bench: Ms. Sushma Chowla, Jm & Shri D. Karunakara Rao, Am आयकर अपीऱ सं. / Ita Nos.95 & 96/Pun/2016 यििाारण वषा / Assessment Years : 2009-10 & 2010-11

capital gains and thus, concealed the particulars of income and consequently, penalty proceedings under section 271(1)(c) of the Act were initiated separately by the Assessing Officer. The above said finding of the Assessing Officer is the deemed satisfaction recorded by the Assessing Officer before initiating penalty proceedings under section 271(1)(c) of the Act and in view

JOSHI WADEWALE SHEWALWADI,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, appeals in the case of Mrs

Bench: Ms. Sushma Chowla, Jm & Shri D. Karunakara Rao, Am आयकर अपीऱ सं. / Ita Nos.95 & 96/Pun/2016 यििाारण वषा / Assessment Years : 2009-10 & 2010-11

capital gains and thus, concealed the particulars of income and consequently, penalty proceedings under section 271(1)(c) of the Act were initiated separately by the Assessing Officer. The above said finding of the Assessing Officer is the deemed satisfaction recorded by the Assessing Officer before initiating penalty proceedings under section 271(1)(c) of the Act and in view

MRS. VASUNDHARA SHAILESH JOSHI,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, appeals in the case of Mrs

Bench: Ms. Sushma Chowla, Jm & Shri D. Karunakara Rao, Am आयकर अपीऱ सं. / Ita Nos.95 & 96/Pun/2016 यििाारण वषा / Assessment Years : 2009-10 & 2010-11

capital gains and thus, concealed the particulars of income and consequently, penalty proceedings under section 271(1)(c) of the Act were initiated separately by the Assessing Officer. The above said finding of the Assessing Officer is the deemed satisfaction recorded by the Assessing Officer before initiating penalty proceedings under section 271(1)(c) of the Act and in view

MRS. VASUNDHARA SHAILESH JOSHI,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, appeals in the case of Mrs

Bench: Ms. Sushma Chowla, Jm & Shri D. Karunakara Rao, Am आयकर अपीऱ सं. / Ita Nos.95 & 96/Pun/2016 यििाारण वषा / Assessment Years : 2009-10 & 2010-11

capital gains and thus, concealed the particulars of income and consequently, penalty proceedings under section 271(1)(c) of the Act were initiated separately by the Assessing Officer. The above said finding of the Assessing Officer is the deemed satisfaction recorded by the Assessing Officer before initiating penalty proceedings under section 271(1)(c) of the Act and in view

ASSISTANT COMMISSIONER OF INCOME-TAX,CENTRAL CIRCLE - 2(2),, PUNE vs. M/S SINHGAD TECHNICAL EDUCATION SOCIETY (TRUST), PUNE

In the result, the appeal of the Revenue in ITA

Bench: Shri Inturi Rama Rao & Shri S. S. Viswanethra Ravisl. It(Ss)A No./ Name Of Appellant Name Of Respondent Asst. No.

132(4) of the I.T. Act carries more evidentiary value and cannot be discarded. 30. Further, the Assessing Officer also brought corroborative evidence in the form of the evidence showing refund of capitation fees, recommendation letters given by VIPs of the locality seeking waiver/reduction in the capitation fees/donations, exchange the SMS messages between Shri Arvind Deshpande and Shri Sharad

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

capital gain on sale of share at Rs.1,44,35,387/- was claimed as exempt u/s 10(38) of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’). A search & seizure action u/s 132 of the I.T. Act was carried out at the business and residential premises of Mantri Group of Jalna on 02.05.2013 wherein the assessee

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

capital gain on sale of share at Rs.1,44,35,387/- was claimed as exempt u/s 10(38) of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’). A search & seizure action u/s 132 of the I.T. Act was carried out at the business and residential premises of Mantri Group of Jalna on 02.05.2013 wherein the assessee

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

capital gain on sale of share at Rs.1,44,35,387/- was claimed as exempt u/s 10(38) of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’). A search & seizure action u/s 132 of the I.T. Act was carried out at the business and residential premises of Mantri Group of Jalna on 02.05.2013 wherein the assessee

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

capital gain on sale of share at Rs.1,44,35,387/- was claimed as exempt u/s 10(38) of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’). A search & seizure action u/s 132 of the I.T. Act was carried out at the business and residential premises of Mantri Group of Jalna on 02.05.2013 wherein the assessee

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

capital gain on sale of share at Rs.1,44,35,387/- was claimed as exempt u/s 10(38) of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’). A search & seizure action u/s 132 of the I.T. Act was carried out at the business and residential premises of Mantri Group of Jalna on 02.05.2013 wherein the assessee

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

capital gain on sale of share at Rs.1,44,35,387/- was claimed as exempt u/s 10(38) of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’). A search & seizure action u/s 132 of the I.T. Act was carried out at the business and residential premises of Mantri Group of Jalna on 02.05.2013 wherein the assessee

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

capital gain on sale of share at Rs.1,44,35,387/- was claimed as exempt u/s 10(38) of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’). A search & seizure action u/s 132 of the I.T. Act was carried out at the business and residential premises of Mantri Group of Jalna on 02.05.2013 wherein the assessee

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

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

132 of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) was conducted in the case of the assessee on 10.09.2014. Accordingly notice u/s 153A of the Act was issued to the assessee in response to which the assessee filed his return of income on 23.10.2015 declaring total income of Rs.1,23,93,990/-. The Assessing Officer completed

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

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

132 of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) was conducted in the case of the assessee on 10.09.2014. Accordingly notice u/s 153A of the Act was issued to the assessee in response to which the assessee filed his return of income on 23.10.2015 declaring total income of Rs.1,23,93,990/-. The Assessing Officer completed

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

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

132 of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) was conducted in the case of the assessee on 10.09.2014. Accordingly notice u/s 153A of the Act was issued to the assessee in response to which the assessee filed his return of income on 23.10.2015 declaring total income of Rs.1,23,93,990/-. The Assessing Officer completed