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3 results for “depreciation”+ Demonetizationclear

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Key Topics

Section 1545Section 683Section 143(2)3Section 142(1)3Section 1442Section 2632Section 143(3)2Section 133(6)2Addition to Income2

ACIT, CIRCLE-2, PUNE, PUNE vs. BHIKSHU GRANIMART, PUNE

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

ITA 1158/PUN/2024[2017-18]Status: DisposedITAT Pune29 Jul 2025AY 2017-18

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

For Appellant: S/Shri Nikhil S Pathak & P D KudvaFor Respondent: Shri Ramnath P Murkunde
Section 133(6)Section 142(1)Section 143(2)Section 270A

demonetization, a sum of Rs.40,00,000/- out of the total cash deposits in the firm of SBNs during the period of 08-11-2016 to 31-12-2016 is hereby treated as made from undisclosed sources and added to the total income of the assessee as unexplained money u/s 69A of the Income Tax Act, 1961 and taxed accordingly

SONAL SANDEEP SATAV,PUNE vs. PCIT, PUNE-2, PUNE

In the result, the appeal of the assessee is dismissed

ITA 945/PUN/2024[2018-19]Status: DisposedITAT Pune03 Dec 2024AY 2018-19

Bench: Ms. Astha Chandra & Shree G.D. Padmahshali

For Appellant: Shri Sarang GudhateFor Respondent: Shri Ajay Kumar Keshari
Section 142(1)Section 143(2)Section 143(3)Section 263

depreciation on UPS. Finally, paragraph 7 deals with computation on the basis of the opinion in paragraphs 4.5 and 6. Thus, on the issue of deduction under section 100 of the IT Act, there is absolutely no consideration and yet, the AO has allowed such deduction. This is, according to us, is a case of ho consideration' as opposed

MAGARAJ MISHRIMAL RATHI,PUNE vs. ACIT, CIRCLE-5, PUNE, PUNE

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

ITA 734/PUN/2024[2017-18]Status: DisposedITAT Pune10 Oct 2024AY 2017-18

Bench: SHRI R. K. PANDA (Vice President), SHRI VINAY BHAMORE (Judicial Member)

For Appellant: Shri Suhas P. Bora
Section 10Section 143(2)Section 144Section 154Section 68

depreciation of Rs.2,43,596/-, municipal taxes of Rs.59,661/-, vehicle expenses of Rs.94,398/- and vehicle insurance of Rs.64,687/- was produced before the ld. CIT(A)/NFAC but the same was neither considered 7 nor discussed in the first appellate order and the addition made by the Assessing Officer was simply sustained. Under these circumstances, it was prayed