SHRI P.M. CHORDIA,JALNA vs. INCOME-TAX OFFICER,, AURANGABAD

In the result, appeal of the assessee for assessment year 2006-07

depreciation claimed.” 20 25. During First Appellate proceedings, the assessee did not challenge this issue due to lack of knowledge and inadvertence. 26. Before us, Ld. Counsel for the assessee submitted that in assessment made in consequence of search and seizure

DCIT CIRCLE 1 NASHIK, NASHIK vs. SHREE SAI PROPERTIES, NASHIK

In the result, appeal of the Revenue is dismissed

Bench: Dr. Manish Borad & Shri Vinay Bhamore

seizure action u/s 132 of the Act was carried out on the Kokani Group on 08.09.2015 and a survey was simultaneously carried out on the appellant group. During the course of search u/s 132 of the Act, certain incriminating documents pertaining to M/s Shree Sai Properties (Appellant) were seized. As per para no. 2/pages 2 and 3 of the assessment

GHATGE PATIL INDUSTRIES LTD. vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, all the 3 appeals of the assessee are allowed

Bench: Shri D. Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर अपील सं आयकर अपील सं. / Ita Nos.1281 To 1284/Pun/2016 आयकर अपील सं आयकर अपील सं िनधा"रण वष" िनधा"रण वष" / Assessment Years: 2006-07 To 2009-10 िनधा"रण वष" िनधा"रण वष"

search and seizure action in the absence of any independent and corroborating/incriminating material is not to be relied upon. Assessee offered the undisclosed income to the extent the corroborating evidences were seized. It is not the case of the AO that total sum of Rs.8 crores is backed up by such incriminating material. Considering the above

ASSISTANT COMMISSIONER OF INCOME-TAX vs. M/S. GHATGE PATIL INDUSTRIES LTD.,, KOLHAPUR

In the result, all the 3 appeals of the assessee are allowed

Bench: Shri D. Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर अपील सं आयकर अपील सं. / Ita Nos.1281 To 1284/Pun/2016 आयकर अपील सं आयकर अपील सं िनधा"रण वष" िनधा"रण वष" / Assessment Years: 2006-07 To 2009-10 िनधा"रण वष" िनधा"रण वष"

search and seizure action in the absence of any independent and corroborating/incriminating material is not to be relied upon. Assessee offered the undisclosed income to the extent the corroborating evidences were seized. It is not the case of the AO that total sum of Rs.8 crores is backed up by such incriminating material. Considering the above

ASSISTANT COMMISSIONER OF INCOME-TAX vs. M/S. GHATGE PATIL INDUSTRIES LTD.,, KOLHAPUR

In the result, all the 3 appeals of the assessee are allowed

Bench: Shri D. Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर अपील सं आयकर अपील सं. / Ita Nos.1281 To 1284/Pun/2016 आयकर अपील सं आयकर अपील सं िनधा"रण वष" िनधा"रण वष" / Assessment Years: 2006-07 To 2009-10 िनधा"रण वष" िनधा"रण वष"

search and seizure action in the absence of any independent and corroborating/incriminating material is not to be relied upon. Assessee offered the undisclosed income to the extent the corroborating evidences were seized. It is not the case of the AO that total sum of Rs.8 crores is backed up by such incriminating material. Considering the above

GHATGE PATIL INDUSTRIES LTD. vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, all the 3 appeals of the assessee are allowed

Bench: Shri D. Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर अपील सं आयकर अपील सं. / Ita Nos.1281 To 1284/Pun/2016 आयकर अपील सं आयकर अपील सं िनधा"रण वष" िनधा"रण वष" / Assessment Years: 2006-07 To 2009-10 िनधा"रण वष" िनधा"रण वष"

search and seizure action in the absence of any independent and corroborating/incriminating material is not to be relied upon. Assessee offered the undisclosed income to the extent the corroborating evidences were seized. It is not the case of the AO that total sum of Rs.8 crores is backed up by such incriminating material. Considering the above

ASSISTANT COMMISSIONER OF INCOME-TAX vs. M/S. GHATGE PATIL INDUSTRIES LTD.,, KOLHAPUR

In the result, all the 3 appeals of the assessee are allowed

Bench: Shri D. Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर अपील सं आयकर अपील सं. / Ita Nos.1281 To 1284/Pun/2016 आयकर अपील सं आयकर अपील सं िनधा"रण वष" िनधा"रण वष" / Assessment Years: 2006-07 To 2009-10 िनधा"रण वष" िनधा"रण वष"

search and seizure action in the absence of any independent and corroborating/incriminating material is not to be relied upon. Assessee offered the undisclosed income to the extent the corroborating evidences were seized. It is not the case of the AO that total sum of Rs.8 crores is backed up by such incriminating material. Considering the above

ASSISTANT COMMISSIONER OF INCOME-TAX vs. M/S. GHATGE PATIL INDUSTRIES LTD.,, KOLHAPUR

In the result, all the 3 appeals of the assessee are allowed

Bench: Shri D. Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर अपील सं आयकर अपील सं. / Ita Nos.1281 To 1284/Pun/2016 आयकर अपील सं आयकर अपील सं िनधा"रण वष" िनधा"रण वष" / Assessment Years: 2006-07 To 2009-10 िनधा"रण वष" िनधा"रण वष"

search and seizure action in the absence of any independent and corroborating/incriminating material is not to be relied upon. Assessee offered the undisclosed income to the extent the corroborating evidences were seized. It is not the case of the AO that total sum of Rs.8 crores is backed up by such incriminating material. Considering the above

GHATGE PATIL INDUSTRIES LTD. vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, all the 3 appeals of the assessee are allowed

Bench: Shri D. Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर अपील सं आयकर अपील सं. / Ita Nos.1281 To 1284/Pun/2016 आयकर अपील सं आयकर अपील सं िनधा"रण वष" िनधा"रण वष" / Assessment Years: 2006-07 To 2009-10 िनधा"रण वष" िनधा"रण वष"

search and seizure action in the absence of any independent and corroborating/incriminating material is not to be relied upon. Assessee offered the undisclosed income to the extent the corroborating evidences were seized. It is not the case of the AO that total sum of Rs.8 crores is backed up by such incriminating material. Considering the above

INCOME TAX OFFICER, PUNE vs. SAGAR CONSTRUCTION COMPANY, PUNE

In the result, the appeal filed by the Revenue is dismissed and the CO filed by the assessee is allowed

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2017-18

depreciation allowance or any other allowance or deduction for such assessment year and for which a prior notice under Section 148 would be required to be issued. Section 147 does not contemplate an eventuality which Section 153A or Section 153C contemplates, the basis of which is inter alia a search action under Section 132 being resorted as noted hereinabove. Thus

VISHWA INFRAWAYS PVT. LTD. vs. COMMISSIONER OF INCOME-TAX (CENTRAL),,

In the result, appeals of assessee in ITA Nos

Bench: Ms. Sushma Chowla, Jm & Shri D. Karunakara Rao, Am आयकर अपीऱ सं. / Ita Nos.596, 597 & 599/Pun/2015 यििाारण वषा / Assessment Years :2009-10, 2010-11 & 2011-12 Vishwa Infraways Pvt. Ltd., A-2/3, Pramukh Vihar, Naroli Road, अऩीऱाथी/Appellant Silvasa – 396230 …. Pan: Aaccv7999Q Vs. The Commissioner Of Income Tax (Central), …. प्रत्यथी / Respondent Nagpur आयकर अपीऱ सं. / Ita No.598/Pun/2015 यििाारण वषा / Assessment Year : 2011-12 Vishwa Infraways Pvt. Ltd., A-2/3, Pramukh Vihar, Naroli Road, अऩीऱाथी/Appellant Silvasa – 396230 …. Pan: Aaccv7999Q Vs. The Asst. Commissioner Of Income Tax, …. प्रत्यथी / Respondent Circle-1, Nashik

seizure operation, warrant was combinely executed in the case of (i) M/s. B U Bhandari Landmarks, (ii) M/s. B U Bhandari Schemes, (iii) M/s. B U Bhandari Enterprises and (iv) M/s. B U Bhandari Real Estate and the office premises of assessee was covered. During the course of search operations, cash of ₹ 3,05,080/- was found and seized

VISHWA INFRAWAYS PVT. LTD. vs. COMMISSIONER OF INCOME-TAX (CENTRAL),,

In the result, appeals of assessee in ITA Nos

Bench: Ms. Sushma Chowla, Jm & Shri D. Karunakara Rao, Am आयकर अपीऱ सं. / Ita Nos.596, 597 & 599/Pun/2015 यििाारण वषा / Assessment Years :2009-10, 2010-11 & 2011-12 Vishwa Infraways Pvt. Ltd., A-2/3, Pramukh Vihar, Naroli Road, अऩीऱाथी/Appellant Silvasa – 396230 …. Pan: Aaccv7999Q Vs. The Commissioner Of Income Tax (Central), …. प्रत्यथी / Respondent Nagpur आयकर अपीऱ सं. / Ita No.598/Pun/2015 यििाारण वषा / Assessment Year : 2011-12 Vishwa Infraways Pvt. Ltd., A-2/3, Pramukh Vihar, Naroli Road, अऩीऱाथी/Appellant Silvasa – 396230 …. Pan: Aaccv7999Q Vs. The Asst. Commissioner Of Income Tax, …. प्रत्यथी / Respondent Circle-1, Nashik

seizure operation, warrant was combinely executed in the case of (i) M/s. B U Bhandari Landmarks, (ii) M/s. B U Bhandari Schemes, (iii) M/s. B U Bhandari Enterprises and (iv) M/s. B U Bhandari Real Estate and the office premises of assessee was covered. During the course of search operations, cash of ₹ 3,05,080/- was found and seized

VISHWA INFRAWAYS PVT. LTD. vs. COMMISSIONER OF INCOME-TAX (CENTRAL),,

In the result, appeals of assessee in ITA Nos

Bench: Ms. Sushma Chowla, Jm & Shri D. Karunakara Rao, Am आयकर अपीऱ सं. / Ita Nos.596, 597 & 599/Pun/2015 यििाारण वषा / Assessment Years :2009-10, 2010-11 & 2011-12 Vishwa Infraways Pvt. Ltd., A-2/3, Pramukh Vihar, Naroli Road, अऩीऱाथी/Appellant Silvasa – 396230 …. Pan: Aaccv7999Q Vs. The Commissioner Of Income Tax (Central), …. प्रत्यथी / Respondent Nagpur आयकर अपीऱ सं. / Ita No.598/Pun/2015 यििाारण वषा / Assessment Year : 2011-12 Vishwa Infraways Pvt. Ltd., A-2/3, Pramukh Vihar, Naroli Road, अऩीऱाथी/Appellant Silvasa – 396230 …. Pan: Aaccv7999Q Vs. The Asst. Commissioner Of Income Tax, …. प्रत्यथी / Respondent Circle-1, Nashik

seizure operation, warrant was combinely executed in the case of (i) M/s. B U Bhandari Landmarks, (ii) M/s. B U Bhandari Schemes, (iii) M/s. B U Bhandari Enterprises and (iv) M/s. B U Bhandari Real Estate and the office premises of assessee was covered. During the course of search operations, cash of ₹ 3,05,080/- was found and seized

VISHWA INFRAWAYS PVT. LTD. vs. ASSISTANT COMMISISONER OF INCOME-TAX ,,

In the result, appeals of assessee in ITA Nos

Bench: Ms. Sushma Chowla, Jm & Shri D. Karunakara Rao, Am आयकर अपीऱ सं. / Ita Nos.596, 597 & 599/Pun/2015 यििाारण वषा / Assessment Years :2009-10, 2010-11 & 2011-12 Vishwa Infraways Pvt. Ltd., A-2/3, Pramukh Vihar, Naroli Road, अऩीऱाथी/Appellant Silvasa – 396230 …. Pan: Aaccv7999Q Vs. The Commissioner Of Income Tax (Central), …. प्रत्यथी / Respondent Nagpur आयकर अपीऱ सं. / Ita No.598/Pun/2015 यििाारण वषा / Assessment Year : 2011-12 Vishwa Infraways Pvt. Ltd., A-2/3, Pramukh Vihar, Naroli Road, अऩीऱाथी/Appellant Silvasa – 396230 …. Pan: Aaccv7999Q Vs. The Asst. Commissioner Of Income Tax, …. प्रत्यथी / Respondent Circle-1, Nashik

seizure operation, warrant was combinely executed in the case of (i) M/s. B U Bhandari Landmarks, (ii) M/s. B U Bhandari Schemes, (iii) M/s. B U Bhandari Enterprises and (iv) M/s. B U Bhandari Real Estate and the office premises of assessee was covered. During the course of search operations, cash of ₹ 3,05,080/- was found and seized

RAJDEEP BUILDCON PVT LTD, AHMEDNAGAR,AHMEDNAGAR vs. DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 1(2), PUNE, PUNE

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

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

depreciation earlier not claimed in original return of income. 17. Thus, the law is clear that for an unabated assessment year, completed assessment attains finality which cannot be disturbed except on the basis of any incriminating material unearthed during the course of search action. In other words, an assessee cannot make fresh claims in the returns filed u/s 1534, particularly

RAJDEEP BUILDCON PRIVAT LIMITED, AHMEDNAGAR,AHMEDNAGAR vs. DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 1(2), PUNE, PUNE

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

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

depreciation earlier not claimed in original return of income. 17. Thus, the law is clear that for an unabated assessment year, completed assessment attains finality which cannot be disturbed except on the basis of any incriminating material unearthed during the course of search action. In other words, an assessee cannot make fresh claims in the returns filed u/s 1534, particularly

RAJDEEP BUILDCOM PRIVATE LIMITED,AHMEDNAGAR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 1(2), PUNE, PUNE

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

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

depreciation earlier not claimed in original return of income. 17. Thus, the law is clear that for an unabated assessment year, completed assessment attains finality which cannot be disturbed except on the basis of any incriminating material unearthed during the course of search action. In other words, an assessee cannot make fresh claims in the returns filed u/s 1534, particularly

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, AURANGABAD., AURANGABAD. vs. TAPADIYA CONSTRUCTION LTD, AURANGABAD

In the result, appeal of the Revenue is dismissed

Bench: Dr. Manish Borad & Shri Vinay Bhamore

seizure operations were carried out against Tapadia Group at Aurangabad, which covered the Assessee. The search lasted for four consecutive days and was concluded on 24.08.2018 at 10:45 pm. 3.2 In course of the search, a diary was seized (Annexure A, Item No. 3), which included two pages in which certain 8 ITA.No.1375/PUN./2024 (Tapadiya Construction Ltd.) details