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

143(3) r.w.s. 153A of the Act on 22.03.2016 determining the total income of the assessee at Rs.16,79,230/- as against the returned income of Rs.15,08,324/-. The Assessing Officer in the said order has allowed the claim of long term capital gain of Rs.1,44,35,387/- claimed as exempt u/s 10(38) of the Act after

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

143(3) r.w.s. 153A of the Act on 22.03.2016 determining the total income of the assessee at Rs.16,79,230/- as against the returned income of Rs.15,08,324/-. The Assessing Officer in the said order has allowed the claim of long term capital gain of Rs.1,44,35,387/- claimed as exempt u/s 10(38) of the Act after

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

143(3) r.w.s. 153A of the Act on 22.03.2016 determining the total income of the assessee at Rs.16,79,230/- as against the returned income of Rs.15,08,324/-. The Assessing Officer in the said order has allowed the claim of long term capital gain of Rs.1,44,35,387/- claimed as exempt u/s 10(38) of the Act after

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

143(3) r.w.s. 153A of the Act on 22.03.2016 determining the total income of the assessee at Rs.16,79,230/- as against the returned income of Rs.15,08,324/-. The Assessing Officer in the said order has allowed the claim of long term capital gain of Rs.1,44,35,387/- claimed as exempt u/s 10(38) of the Act after

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

143(3) r.w.s. 153A of the Act on 22.03.2016 determining the total income of the assessee at Rs.16,79,230/- as against the returned income of Rs.15,08,324/-. The Assessing Officer in the said order has allowed the claim of long term capital gain of Rs.1,44,35,387/- claimed as exempt u/s 10(38) of the Act after

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

143(3) r.w.s. 153A of the Act on 22.03.2016 determining the total income of the assessee at Rs.16,79,230/- as against the returned income of Rs.15,08,324/-. The Assessing Officer in the said order has allowed the claim of long term capital gain of Rs.1,44,35,387/- claimed as exempt u/s 10(38) of the Act after

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

143(3) r.w.s. 153A of the Act on 22.03.2016 determining the total income of the assessee at Rs.16,79,230/- as against the returned income of Rs.15,08,324/-. The Assessing Officer in the said order has allowed the claim of long term capital gain of Rs.1,44,35,387/- claimed as exempt u/s 10(38) of the Act after

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

143(3) r.w.s.147 of the Act on 24.12.2018 assessing the total\nincome at Rs.1,64,35,230/- by making addition of Rs.1,44,35,387/- on account of\ndisallowance of capital gain u/s 10(38) of the Act and Rs.3,20,614/- on account of\nunexplained expenditure u/s 69C of the Act.\n8. Before the Ld. CIT(A) the assessee

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

143(3) r.w.s.153A\nof the Act, the Assessing Officer has raised specific queries on the issue of long\nterm capital gain from sale of shares of NITSL and the assessee had replied to the\nsame, therefore, the reopening the assessment in absence of any tangible material\nis not in accordance with law.\n\n43. He accordingly submitted that once

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

143(3) r.w.s.153A\nof the Act, the Assessing Officer has raised specific queries on the issue of long\nterm capital gain from sale of shares of NITSL and the assessee had replied to the\nsame, therefore, the reopening the assessment in absence of any tangible material\nis not in accordance with law.\n\n36\nITA Nos.1555/PUN/2024 & Ors\nCO Nos.2

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

143(3) r.w.s.153A\nof the Act, the Assessing Officer has raised specific queries on the issue of long\nterm capital gain from sale of shares of NITSL and the assessee had replied to the\nsame, therefore, the reopening the assessment in absence of any tangible material\nis not in accordance with law.\n\n43. He accordingly submitted that once

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

143(3) was completed on 09/12/2018, computing total income at Rs.11,64,870/- Reasons for the reopening In this case information has been received through insight portal from DDIT(Inv.) Unit 3(3), Delhi through insight portal that the assessee has traded the scrips of shell company viz, M/s. Yamini Investments Co. Ltd.(YICL). This is proved

RAJANI PRAKASH KASHID,KOLHAPUR vs. ITO, WARD 1(4), KOLHAPUR, KOLHAPUR

In the result, the appeal of assessee is allowed

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

143(3) r.w.s. 147 of the Act on 20.12.2018 on total income of Rs.49,41,380/- including therein an addition of Rs.49,32,500/- on account of long term capital gain. 4. Aggrieved, the assessee filed an appeal before the Ld. CIT(A)/NFAC who dismissed the appeal of the assessee and endorsed the findings

QUBIX BUSINESS PARK PRIVATE LIMITED,PUNE vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-8, PUNE, PUNE

In the result, Ground No.2 of the assessee is allowed for statistical purpose

Bench: DR.DIPAK P. RIPOTE (Accountant Member), SHRI VINAY BHAMORE (Judicial Member)

3 5.2 The NFAC / Ld.AO has erred in not taking cognizance of the submissions made during assessment proceedings that adjustment carried out in the intimation under section 143(1) of the Act is on account of non-consideration of the revised Tax Audit Report filed by the Assessee. 6. Provisions of Chapter XIIB are independent and TP adjustments

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

143(3) of the Act, issue as to whether gain from sale of right to purchase of a plot was capital gain or casual income was not addressed, reopening of assessment to treat the long term capital gain as casual income could not be said to be based on change of opinion. Accordingly, the re-assessment proceedings were held

INCOME TAX OFFICER, PUNE vs. PRAKASH RAMKRISHNA POPHALE, PUNE

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

Bench: Shri R. K. Panda & Shri Vinay Bhamoreassessment Year : 2017-18

143(2) of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) and 142(1) of the Act were issued and served on the assessee, to which the assessee replied from time to time. 2 3. During the course of assessment proceedings, the Assessing Officer noted that the assessee has e-mailed Deed of Assignment dated

MR POPATRAO DASHRATHRAO SURYAWANSHI,PUNE vs. INCOME TAX OFFICER, WARD-7(4), PUNE, PUNE

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

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2017-18 Mr. Popatrao Dashrathrao Suryawanshi Ito, Ward 7(4), Pune S.No.38, Tingre Nagar, Havaldar Mala, Vs. Vishrantwadi, Pune – 411015 Pan: Adhps2643F (Appellant) (Respondent) Assessee By : Shri Suhas Bora Department By : Shri Manish Mehta, Addl.Cit Date Of Hearing : 19-01-2026 Date Of Pronouncement : 21-01-2026 O R D E R

143(2) of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) was issued and served on the assessee. Subsequently the Assessing Officer issued notices u/s 142(1) of the Act which were also duly served on the assessee. 3. During the course of assessment proceedings the Assessing Officer noted that the assessee had entered into a joint

MR. RAJESH ANIRUDHA PATIL,PUNE vs. DCIT, CIRCLE 7, PUNE, PUNE

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

Bench: Shri R. K. Panda & Shri Vinay Bhamoreassessment Year : 2020-21

3). 4 4] The learned CIT(A) erred in not appreciating that the learned CPC had adopted the stamp duty valuation as per section 50C for computing the income from long term capital gain on sale of land without appreciating that such an adjustment was outside the purview of the provisions of section 143