CONSTRUCTION PROTAL PVT. LTD.,,PUNE vs. INCOME-TAX OFFICER,, PUNE

In the result, the appeal of the assessee is allowed

Bench: Shri D.Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर अपील सं. / Ita Nos. 1607 & 1608/Pun/2014 िनधा"रण वष" / Assessment Years : 2005-06 & 2006-07

unexplained money and is taxed under the head income from other sources without allowing the set off of brought forward business losses as claimed by the assessee in the revised return of income.” Similarly, the AO made addition of Rs.78 lakhs which was disclosed by the assessee as additional income during survey action for the A.Y. 2006-07 as deemed

GAJENDRA D PAWAR,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, the appeal of assessee for assessment year 2011-12 is partly allowed

Bench: Shri D. Karunakara Rao, Am & Shri Vikas Awasthy, Jm

depreciation and membership fee in the return of income filed in response to notice u/s. 153A of the Act. It is an undisputed fact that on the date of search the assessment in respect of return of income filed u/s. 139 for assessment year 2009-10 was pending. Thus, it is a case of abated assessment. The Hon’ble Jurisdictional

GAJENDRA D PAWAR,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, the appeal of assessee for assessment year 2011-12 is partly allowed

Bench: Shri D. Karunakara Rao, Am & Shri Vikas Awasthy, Jm

depreciation and membership fee in the return of income filed in response to notice u/s. 153A of the Act. It is an undisputed fact that on the date of search the assessment in respect of return of income filed u/s. 139 for assessment year 2009-10 was pending. Thus, it is a case of abated assessment. The Hon’ble Jurisdictional

NATHARAM PANAJI CHOUDHARY,PUNE vs. I.T.O. WARD 8(1), PUNE, PUNE

In the result, the appeal of the assessee is allowed for statistical purposes

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

unexplained money u/s 69A of the Act. 3. Aggrieved, the assessee preferred an appeal before the Ld. CIT(A)/NFAC challenging the above addition made by the Ld. AO. The Ld. CIT(A)/NFAC dismissed the appeal of the assessee and sustained the addition made by the Ld. AO by observing as under : “4.3 I have gone through the grounds

NATHARAM PANAJI CHOUDHARY,PUNE vs. I.T.O. WARD 8(1), PUNE, PUNE

In the result, the appeal of the assessee is allowed for statistical purposes

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

unexplained money u/s 69A of the Act. 3. Aggrieved, the assessee preferred an appeal before the Ld. CIT(A)/NFAC challenging the above addition made by the Ld. AO. The Ld. CIT(A)/NFAC dismissed the appeal of the assessee and sustained the addition made by the Ld. AO by observing as under : “4.3 I have gone through the grounds

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

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

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

unexplained money. In this regard, it is submitted that the assessee is a business man engaged in sale of Sarees and 5 advertising business and has disclosed taxable income of Rs.22,48,700/- during the period under consideration and out of the business cash receipt, Rs.1,88,000/- was deposited in bank. It was further submitted that on 04.04.2016 agricultural

ASSISTANT COMMISSIONER OF INCOME TAX vs. M/S. BHAAWANI SHANKAR GINNING FACTORY,, DHULE

In the result, both the appeal of Revenue and C

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am

unexplained money of Rs.2,20,44,732/- u/s 2(22)(e) of the Income Tax Act, 1961. 2. Whether on the facts and in the circumstances of the case, the Ld.CIT(A)-1, Nashik was justified in allowing deemed dividend of Rs.2,20,44,732/- u/s 2(22)(e) of the Income Tax Act, 1961 when the CBDT Circular No.495

GOPAL EXTRUSIONS PVT LTD,,JALGAON vs. INCOME-TAX OFFICER, WARD - 1(2),, JALGAON

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita. No.1633/Pun/2017 Assessment Year : 2008-09

money of Rs.8.40 crore from 15 share holding companies are unexplained credits and deserves to be added u/s.68 of the Act. Income assessed at Rs.8,40,49,890/-. 8. Aggrieved assessee preferred appeal before ld.CIT(A) challenging the validity of the reopening proceedings along with the addition made u/s.68 of the Act. However, assessee failed to succeed. Finding of ld.CIT

DY COMMISSIONER OF INCOME TAX CIRCLE 7 PUNE, PUNE vs. KUMAR HOUSING CORPORATION PRIVATE LIMITED, PUNE

In the result, both the appeals filed by the assessee are allowed and the appeal filed by the Revenue is dismissed

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2013-14

depreciation of Rs.10,74,599/-. However, since the assessee is not in appeal before us on these two issues, we are not concerned with the same. 9. So far as the addition of trade advances from customers of Rs.26,90,56,640/- is concerned, the Ld. CIT(A) / NFAC gave part relief to the assessee by observing as under

KUMAR URBAN DEVELOPMENT PVT. LTD (SUCCESSOR KUMAR HOUSING CORPN. PVT LTD),PUNE vs. DCIT CIRCLE 14, PUNE

In the result, both the appeals filed by the assessee are allowed and the appeal filed by the Revenue is dismissed

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2013-14

depreciation of Rs.10,74,599/-. However, since the assessee is not in appeal before us on these two issues, we are not concerned with the same. 9. So far as the addition of trade advances from customers of Rs.26,90,56,640/- is concerned, the Ld. CIT(A) / NFAC gave part relief to the assessee by observing as under

KUMAR URBAN DEVELOPMENT PVT. LTD (SUCCESSOR KUMAR HOUSING CORPORATION PVT LTD),PUNE vs. DCIT CIRCLE 14, PUNE

In the result, both the appeals filed by the assessee are allowed and the

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

depreciation of Rs.10,74,599/-. However, since the assessee is not in appeal before us on these two issues, we are not concerned with the same. 9. So far as the addition of trade advances from customers of Rs.26,90,56,640/- is concerned, the Ld. CIT(A) / NFAC gave part relief to the assessee by observing as under

A.C.I.T ,WARDHA CIRCLE , WARDHA , WARDHA vs. M/S KAPIL SOLVEX PVT .LTD , YAVATMAL

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

Bench: Shri R. K. Panda & Ms Astha Chandraassessment Year : 2009-10

unexplained cash credits u/s 68 of the Act. An addition of Rs.4,55,00,000/- is therefore made to the income of the assessee. [Addition: Rs. 4,55,00,000/-] 6. Before the CIT(A) the assessee, apart from challenging the addition on merit, challenged the validity of reopening of the assessment on the ground that the reasons for reopening

M/S. SUN POLYMERS,,JALNA vs. INCOME-TAX OFFICER,, JALNA

In the result, the appeal is partly allowed

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Raviनिर्धारण वषा / Assessment Year : 2009-10 M/S. Sun Polymers Vs. Ito, Ward-1, Jalna D-55/2, Additional Midc Area, Jalna – 431203 Pan: Aapfs4537H Appellant Respondent Assessee By Shri Kishor Phadke Revenue By Shri S.P. Walimbe Date Of Hearing 05-08-2020 Date Of Pronouncement 05-08-2020 आदेश / Order

money from whom these were taken, after deducting commission. The Asst. Commissioner of Sales-tax (Investigation), Mumbai also carried out investigation in the hawala matter and recorded statements, inter alia, of the persons representing the concerns from whom the assessee had shown to have made purchase of machines. Such persons, in their statements, specifically admitted on oath that they

DHAS KISHOR RAMCHANDRA, AURANGABAD vs. DWARKAPRASAD BHIKULAL SONI, JALNA

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

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

unexplained expenditure in his statement recorded on oath u/s 132(4) of the Act, which has an evidentiary value until not proven otherwise along with supporting documentary evidences. 11. Whether on the facts and circumstances of the case and in law, the Ld. CIT (A) erred in deleting the disallowance made of Rs.1,49,910/- out of agricultural income only

M/S. L.B. KUNJIR,PUNE vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 7, PUNE, PUNE

In the result, the two appeals filed by the assessee are allowed and the three appeals filed by Revenue are dismissed

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

money found to have been received by the assessee is on him. However, if the taxpayer disputes the levy of tax on the same then it is up to him to show either the receipt is not income, or it is exempt from taxation under the provisions of the Act. In the absence of proof, the tax officer is entitled

M/S. L.B. KUNJIR,PUNE vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 7, PUNE, PUNE

In the result, the two appeals filed by the assessee are allowed and the three appeals filed by Revenue are dismissed

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

money found to have been received by the assessee is on him. However, if the taxpayer disputes the levy of tax on the same then it is up to him to show either the receipt is not income, or it is exempt from taxation under the provisions of the Act. In the absence of proof, the tax officer is entitled

DCIT CIRCLE 7, BODHI TOWER SALISBURY PARK vs. L B KUNJIR, PUNE

In the result, the two appeals filed by the assessee are allowed and the three appeals filed by Revenue are dismissed

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

money found to have been received by the assessee is on him. However, if the taxpayer disputes the levy of tax on the same then it is up to him to show either the receipt is not income, or it is exempt from taxation under the provisions of the Act. In the absence of proof, the tax officer is entitled

DCIT, PUNE vs. L B KUNJIR, PUNE

In the result, the two appeals filed by the assessee are allowed and the three appeals filed by Revenue are dismissed

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

money found to have been received by the assessee is on him. However, if the taxpayer disputes the levy of tax on the same then it is up to him to show either the receipt is not income, or it is exempt from taxation under the provisions of the Act. In the absence of proof, the tax officer is entitled