CHANDRAKANT VITHTHAL BHOPI,RAIGAD vs. ITO WARD 1 , PANVEL

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

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2016-17 Chandrakant Viththal Bhopi Ito, Ward-1, Panvel At Chinchpada, Post Panvel, Tal. Vs. Panvel, Dist. Raigad – 410206 Pan: Bjdpb7610L (Appellant) (Respondent) Assessee By : Shri Nikhil S Pathak & Ajinkya M Vaishampayan Department By : Shri Ramnath P Murkunde Date Of Hearing : 05-05-2025 Date Of Pronouncement : 07-05-2025 O R D E R

iv) gives benefit of 50% deduction on amounts mentioned in Sec 56(2)(viii). Interest on compensation or enhanced compensation is the amount mentioned in Section 56(2)(viii). Therefore, in accordance with the above, 50% of Rs.2,60,05,088 amounting to Rs.1,30,02,544/- is treated as deduction and the balance amount of Rs.1

MADHAV PANDHARINATH KANDE,,LATUR vs. INCOME-TAX OFFICER ,,

Appeal is dismissed

Bench: Shri S.S. Godara & Dr. Dipak P. Ripoteshri Madhav Pandharinath The Income Tax Officer Kande Ward -3 Vs. A/P Dhanora, Tal. Ahmedpur Latur Latur 413515 Pan – Cbwpp1670A Appellant Respondent Appellant By: Shri Bharat Shah Respondent By: Shri S.P. Walimbe Date Of Hearing: 25.04.2022 Date Of Pronouncement: 28.04.2022 O R D E R Per S.S. Godara, Jm This Assessee’S Appeal For Ay 2013-14 Is Against The Order Of The Cit(A) 2, Aurangabad Dated 04.07.2017 Passed In Case No. Pn/Cit (A)-2/Set Aside/Pn/66/2011-12.755 Involving Proceedings Under Section 143(3) R.W.S. 260A Of The Income Tax Act, 1961 In Short The Act.

Capital gains” of the previous year in which the final order of such court, Tribunal or other authority is made; to state that since the interest which was received by the assessee was in pursuance of an interim order of the Honourable High Court, the said interest amount cannot be taxable till the Honourable High Court delivers its final judgement

R&DE (ENGRS) EMPLOYEES CO-OP. CREDIT SOCIETY,PUNE vs. ITO, WARD 7(3), PUNE, PUNE

In the result, the appeal of the assessee is allowed

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

iv) CIT v. Nawanshahar Central Co-op Bank Ltd. 289 ITR 6 (SC). (v) Bori Urban Co-operative Credit Society Ltd vs ITO, ITA NO. 200 & 221/PAN/2019 dated 27.12.2022. (vi) Hon'ble Karnataka High Court in the case of Pr.CIT & another vs Totagars Co-operative Sales Society, (2017) 392 ITR 0074 (Karn). On the other hand, the Id. DR relied

MAHATMA GANDHI NAGRI SAHAKARI PAT SANSTHA MYDT UDGIR,LATUR vs. INCOME TAX OFFICER- WARD 1 -LATUR, LATUR

In the result, the appeal of the assessee is allowed

iv) the\npurchase of agricultural implements, seeds, livestock or other articles\nintended for agriculture for the purpose of supplying them to its\nmembers, or (v) the processing, without the aid of power, of the\nagricultural produce of its members, the whole of the amount of profits\nand gains of business attributable to any one or more of such\nactivities

RAJESH MOHANLAL BORA,,NASHIK vs. INCOME-TAX OFFICER, WARD - 1 (1),, NASHIK

Bench: Hon’Ble Shri S. S. Godara & Shri G. D. Padmahshaliआयकर अपऩल सं. / Ita No.1609/Pun/2019 निर्धारण वर्ा / Assessment Year : 2014-15 Rajesh Mohanlal Bora, 401, Rushiraj House, Thatte Nagar, College Road, Nashik – 422 005 Pan : Abcpb5526F . . . . . . . अपऩलधथी / Appellant बनाम / V/S. Ito Ward- 1(1) Nashik . . . . . . . प्रत्यथी / Respondent द्वारा/ Appearances Assessee By : Shri Pramod Shingte Revenue By : Shri M. G. Jasnani सपिवधई की तधरऩख / Date Of Conclusive Hearing : 03/10/2022 घोर्णध की तधरऩख / Date Of Pronouncement : 20/12/2022 आदेश / Order Per G. D. Padmahshali, Am; The Present Appeal Of The Assessee Is Assailed Against The Order Of Commissioner Of Income Tax (Appeals)-1, Nashik [For Short “Cit(A)”] Dt. 23/08/2019 Passed U/S 250 Of The Income-Tax Act, 1961 [For Short “The Act”] Which Dove Out Of Order Of Assessment Dt. 29/12/2016 Passed U/S 143(3) Of The Act By Income Tax Officer 1(1), Nashik [For Short “Ao”] For The Assessment Year [For Short “Ay”] 2014-15. Itat-Pune Page 1 Of 8

capital gain with respect to sale consideration, iii) Unsecured loans from persons who have not filed their return of income iv) Huge interest paid not commensurate with loans raised v) Less turnover, large business loss set off against other head vi) Cash deposit in bank accounts 2.2 During the course of assessment proceedings, upon a perusal of profit & loss account