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252 results for “disallowance”+ Revision u/s 263clear

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Key Topics

Section 263236Section 143(3)142Addition to Income56Deduction50Disallowance44Section 14842Section 80P41Revision u/s 26332Section 80P(2)(a)30Section 80P(2)(d)

DESAI INFRA PROJECTS(I) PRIVATE LIMITED,PUNE vs. PCIT, CENTRAL PUNE, PUNE

In the result, appeal of the assessee is allowed

ITA 1851/PUN/2024[2020-21]Status: DisposedITAT Pune23 May 2025AY 2020-21

Bench: Dr. Manish Borad & Ms. Astha Chandra

For Appellant: Shri Nikhil S. Pathank, AdvocateFor Respondent: Shri Amol Khairnar, CIT-DR
Section 142(1)Section 143(2)Section 143(3)Section 14ASection 263Section 3Section 36(1)Section 36(1)(va)

263 revising the asst. order on the ground that the asst. order passed u/s 143(3) was erroneous and prejudicial to the interest of the revenue. 2. The learned Pr. CIT erred in holding that the learned A.O. had not verified the issue regarding the disallowance

Showing 1–20 of 252 · Page 1 of 13

...
29
Section 143(2)29
Section 143(1)25

AVINASH DATTATRAY MULEY,PUNE vs. PCIT, PUNE, PUNE

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

ITA 624/PUN/2025[2020-21]Status: DisposedITAT Pune22 Jul 2025AY 2020-21

Bench: Shri R. K. Panda & Ms Astha Chandraassessment Year : 2020-21

For Appellant: Shri Sarang GudhateFor Respondent: Shri Amol Khairnar, CIT-DR
Section 143(2)Section 143(3)Section 263Section 48Section 54B

disallowance u/s 54B of the Act. However, the subject matter of present proceedings u/s 263 of the Act is different from the subject matter of appeals with CIT (A) In the provision of section 263 of the Act, it 6 has been mentioned that the powers of Pr. Commissioner of Income Tax u/s 263 shall extend to such matters

SHRI SUNIL MANAKCHAND KOTECHA,,JALGAON vs. PR. COMMISSIONER OF INCOME-TAX, CENTRAL-NAGPUR, NAGPUR

Appeals of the assessee are disposed of as 14

ITA 1682/PUN/2018[2009-10]Status: DisposedITAT Pune13 Feb 2020AY 2009-10

Bench: Shri D. Karunakara Rao, Am & Shri Laliet Kumar, Jm आयकर अपील सं. / Ita Nos.1675 To 1679/Pun/2018 िनधा"रण वष" / Assessment Years : 2007-08 To 2011-12 Sunil Manakchand Kotecha, 4, Vardhaman Nagar, Near Sagar Park, Jalgaon-425001. .......अपीलाथ" / Appellant Pan : Abppk2141Q बनाम / V/S. Acit, Circle-1, ……""यथ" / Respondent Nashik. आयकर अपील सं. / Ita Nos.1680 To 1684/Pun/2018 िनधा"रण वष" / Assessment Years : 2007-08 To 2011-12 Sunil Manakchand Kotecha, 4, Vardhaman Nagar, Near Sagar Park, Jalgaon-425001. .......अपीलाथ" / Appellant Pan : Abppk2141Q बनाम / V/S. Pr.Cit, Central-Nagpur Nagpur. Assessee By : Shri Hari Krishan & Smt. Arrchena Shetty Revenue By : Shri Deepak Garg सुनवाई क" तारीख / Date Of Hearing : 12.02.2020 घोषणा क" तारीख / Date Of Pronouncement : 13.02.2020 आदेश / Order Per Bench : There Are 10 Appeals Under Consideration Involving The Assessment Years 2007-08 To 2011-12 (I.E. Five Assessment Years). Out Of 10 Appeals Of The Assessee, 5 Appeals Pertain To The Revision Order Passed By The Pr.Cit (Central), Nagpur U/S 263 Of The Act Dated 11.03.2016 For The Assessment Years 2007-08 To 2010-11 & 18.03.2016 For The Assessment Year 2011-12. The Rest Of 5 Appeals Pertain To The Fresh Assessment Order Made U/S 263 R.W.S. 143(3) Of The Act. 2. The Pr.Cit Passed The Revision Order Dated 11.03.2016 For The Assessment Years 2007-08 To 2010-11 & 18.03.2016 For The Assessment Year 2011-12 Whereas The Cit(A) Passed A Combined Appellate Order Commonly Dated 30.07.2018 Involving The Common Issues For All The Five Assessment Years. Otherwise, The Error Of Making A Revision Order By The Pr.Cit Is More Or Less Similar To All The 10 Appeals Under Consideration.

For Appellant: Shri Hari Krishan &For Respondent: Shri Deepak Garg
Section 263Section 43(5)(d)

revised by the order u/s 263, the AO passed an order u/s 143(3) rws 153A rws 263 withdrawing the set off of loss from the speculative business as per directions given in the order passed u/s 263 by the Pr. CIT(Central) Nagpur. The appellant during the appellate proceedings contended that losses from trading in share derivatives

SHRI SUNIL MANAKCHAND KOTECHA,,JALGAON vs. PR. COMMISSIONER OF INCOME-TAX, CENTRAL-NAGPUR, NAGPUR

Appeals of the assessee are disposed of as 14

ITA 1681/PUN/2018[2008-09]Status: DisposedITAT Pune13 Feb 2020AY 2008-09

Bench: Shri D. Karunakara Rao, Am & Shri Laliet Kumar, Jm आयकर अपील सं. / Ita Nos.1675 To 1679/Pun/2018 िनधा"रण वष" / Assessment Years : 2007-08 To 2011-12 Sunil Manakchand Kotecha, 4, Vardhaman Nagar, Near Sagar Park, Jalgaon-425001. .......अपीलाथ" / Appellant Pan : Abppk2141Q बनाम / V/S. Acit, Circle-1, ……""यथ" / Respondent Nashik. आयकर अपील सं. / Ita Nos.1680 To 1684/Pun/2018 िनधा"रण वष" / Assessment Years : 2007-08 To 2011-12 Sunil Manakchand Kotecha, 4, Vardhaman Nagar, Near Sagar Park, Jalgaon-425001. .......अपीलाथ" / Appellant Pan : Abppk2141Q बनाम / V/S. Pr.Cit, Central-Nagpur Nagpur. Assessee By : Shri Hari Krishan & Smt. Arrchena Shetty Revenue By : Shri Deepak Garg सुनवाई क" तारीख / Date Of Hearing : 12.02.2020 घोषणा क" तारीख / Date Of Pronouncement : 13.02.2020 आदेश / Order Per Bench : There Are 10 Appeals Under Consideration Involving The Assessment Years 2007-08 To 2011-12 (I.E. Five Assessment Years). Out Of 10 Appeals Of The Assessee, 5 Appeals Pertain To The Revision Order Passed By The Pr.Cit (Central), Nagpur U/S 263 Of The Act Dated 11.03.2016 For The Assessment Years 2007-08 To 2010-11 & 18.03.2016 For The Assessment Year 2011-12. The Rest Of 5 Appeals Pertain To The Fresh Assessment Order Made U/S 263 R.W.S. 143(3) Of The Act. 2. The Pr.Cit Passed The Revision Order Dated 11.03.2016 For The Assessment Years 2007-08 To 2010-11 & 18.03.2016 For The Assessment Year 2011-12 Whereas The Cit(A) Passed A Combined Appellate Order Commonly Dated 30.07.2018 Involving The Common Issues For All The Five Assessment Years. Otherwise, The Error Of Making A Revision Order By The Pr.Cit Is More Or Less Similar To All The 10 Appeals Under Consideration.

For Appellant: Shri Hari Krishan &For Respondent: Shri Deepak Garg
Section 263Section 43(5)(d)

revised by the order u/s 263, the AO passed an order u/s 143(3) rws 153A rws 263 withdrawing the set off of loss from the speculative business as per directions given in the order passed u/s 263 by the Pr. CIT(Central) Nagpur. The appellant during the appellate proceedings contended that losses from trading in share derivatives

SHRI SUNIL MANAKCHAND KOTECHA,,JALGAON vs. PR. COMMISSIONER OF INCOME-TAX, CENTRAL-NAGPUR, NAGPUR

Appeals of the assessee are disposed of as 14

ITA 1684/PUN/2018[2011-12]Status: DisposedITAT Pune13 Feb 2020AY 2011-12

Bench: Shri D. Karunakara Rao, Am & Shri Laliet Kumar, Jm आयकर अपील सं. / Ita Nos.1675 To 1679/Pun/2018 िनधा"रण वष" / Assessment Years : 2007-08 To 2011-12 Sunil Manakchand Kotecha, 4, Vardhaman Nagar, Near Sagar Park, Jalgaon-425001. .......अपीलाथ" / Appellant Pan : Abppk2141Q बनाम / V/S. Acit, Circle-1, ……""यथ" / Respondent Nashik. आयकर अपील सं. / Ita Nos.1680 To 1684/Pun/2018 िनधा"रण वष" / Assessment Years : 2007-08 To 2011-12 Sunil Manakchand Kotecha, 4, Vardhaman Nagar, Near Sagar Park, Jalgaon-425001. .......अपीलाथ" / Appellant Pan : Abppk2141Q बनाम / V/S. Pr.Cit, Central-Nagpur Nagpur. Assessee By : Shri Hari Krishan & Smt. Arrchena Shetty Revenue By : Shri Deepak Garg सुनवाई क" तारीख / Date Of Hearing : 12.02.2020 घोषणा क" तारीख / Date Of Pronouncement : 13.02.2020 आदेश / Order Per Bench : There Are 10 Appeals Under Consideration Involving The Assessment Years 2007-08 To 2011-12 (I.E. Five Assessment Years). Out Of 10 Appeals Of The Assessee, 5 Appeals Pertain To The Revision Order Passed By The Pr.Cit (Central), Nagpur U/S 263 Of The Act Dated 11.03.2016 For The Assessment Years 2007-08 To 2010-11 & 18.03.2016 For The Assessment Year 2011-12. The Rest Of 5 Appeals Pertain To The Fresh Assessment Order Made U/S 263 R.W.S. 143(3) Of The Act. 2. The Pr.Cit Passed The Revision Order Dated 11.03.2016 For The Assessment Years 2007-08 To 2010-11 & 18.03.2016 For The Assessment Year 2011-12 Whereas The Cit(A) Passed A Combined Appellate Order Commonly Dated 30.07.2018 Involving The Common Issues For All The Five Assessment Years. Otherwise, The Error Of Making A Revision Order By The Pr.Cit Is More Or Less Similar To All The 10 Appeals Under Consideration.

For Appellant: Shri Hari Krishan &For Respondent: Shri Deepak Garg
Section 263Section 43(5)(d)

revised by the order u/s 263, the AO passed an order u/s 143(3) rws 153A rws 263 withdrawing the set off of loss from the speculative business as per directions given in the order passed u/s 263 by the Pr. CIT(Central) Nagpur. The appellant during the appellate proceedings contended that losses from trading in share derivatives

SHRI SUNIL MANAKCHAND KOTECHA,,JALGAON vs. PR. COMMISSIONER OF INCOME-TAX, CENTRAL-NAGPUR, NAGPUR

Appeals of the assessee are disposed of as 14

ITA 1680/PUN/2018[2007-08]Status: DisposedITAT Pune13 Feb 2020AY 2007-08

Bench: Shri D. Karunakara Rao, Am & Shri Laliet Kumar, Jm आयकर अपील सं. / Ita Nos.1675 To 1679/Pun/2018 िनधा"रण वष" / Assessment Years : 2007-08 To 2011-12 Sunil Manakchand Kotecha, 4, Vardhaman Nagar, Near Sagar Park, Jalgaon-425001. .......अपीलाथ" / Appellant Pan : Abppk2141Q बनाम / V/S. Acit, Circle-1, ……""यथ" / Respondent Nashik. आयकर अपील सं. / Ita Nos.1680 To 1684/Pun/2018 िनधा"रण वष" / Assessment Years : 2007-08 To 2011-12 Sunil Manakchand Kotecha, 4, Vardhaman Nagar, Near Sagar Park, Jalgaon-425001. .......अपीलाथ" / Appellant Pan : Abppk2141Q बनाम / V/S. Pr.Cit, Central-Nagpur Nagpur. Assessee By : Shri Hari Krishan & Smt. Arrchena Shetty Revenue By : Shri Deepak Garg सुनवाई क" तारीख / Date Of Hearing : 12.02.2020 घोषणा क" तारीख / Date Of Pronouncement : 13.02.2020 आदेश / Order Per Bench : There Are 10 Appeals Under Consideration Involving The Assessment Years 2007-08 To 2011-12 (I.E. Five Assessment Years). Out Of 10 Appeals Of The Assessee, 5 Appeals Pertain To The Revision Order Passed By The Pr.Cit (Central), Nagpur U/S 263 Of The Act Dated 11.03.2016 For The Assessment Years 2007-08 To 2010-11 & 18.03.2016 For The Assessment Year 2011-12. The Rest Of 5 Appeals Pertain To The Fresh Assessment Order Made U/S 263 R.W.S. 143(3) Of The Act. 2. The Pr.Cit Passed The Revision Order Dated 11.03.2016 For The Assessment Years 2007-08 To 2010-11 & 18.03.2016 For The Assessment Year 2011-12 Whereas The Cit(A) Passed A Combined Appellate Order Commonly Dated 30.07.2018 Involving The Common Issues For All The Five Assessment Years. Otherwise, The Error Of Making A Revision Order By The Pr.Cit Is More Or Less Similar To All The 10 Appeals Under Consideration.

For Appellant: Shri Hari Krishan &For Respondent: Shri Deepak Garg
Section 263Section 43(5)(d)

revised by the order u/s 263, the AO passed an order u/s 143(3) rws 153A rws 263 withdrawing the set off of loss from the speculative business as per directions given in the order passed u/s 263 by the Pr. CIT(Central) Nagpur. The appellant during the appellate proceedings contended that losses from trading in share derivatives

SHRI SUNIL MANAKCHAND KOTECHA,,JALGAON vs. PR. COMMISSIONER OF INCOME-TAX, CENTRAL-NAGPUR, NAGPUR

Appeals of the assessee are disposed of as 14

ITA 1683/PUN/2018[2010-11]Status: DisposedITAT Pune13 Feb 2020AY 2010-11

Bench: Shri D. Karunakara Rao, Am & Shri Laliet Kumar, Jm आयकर अपील सं. / Ita Nos.1675 To 1679/Pun/2018 िनधा"रण वष" / Assessment Years : 2007-08 To 2011-12 Sunil Manakchand Kotecha, 4, Vardhaman Nagar, Near Sagar Park, Jalgaon-425001. .......अपीलाथ" / Appellant Pan : Abppk2141Q बनाम / V/S. Acit, Circle-1, ……""यथ" / Respondent Nashik. आयकर अपील सं. / Ita Nos.1680 To 1684/Pun/2018 िनधा"रण वष" / Assessment Years : 2007-08 To 2011-12 Sunil Manakchand Kotecha, 4, Vardhaman Nagar, Near Sagar Park, Jalgaon-425001. .......अपीलाथ" / Appellant Pan : Abppk2141Q बनाम / V/S. Pr.Cit, Central-Nagpur Nagpur. Assessee By : Shri Hari Krishan & Smt. Arrchena Shetty Revenue By : Shri Deepak Garg सुनवाई क" तारीख / Date Of Hearing : 12.02.2020 घोषणा क" तारीख / Date Of Pronouncement : 13.02.2020 आदेश / Order Per Bench : There Are 10 Appeals Under Consideration Involving The Assessment Years 2007-08 To 2011-12 (I.E. Five Assessment Years). Out Of 10 Appeals Of The Assessee, 5 Appeals Pertain To The Revision Order Passed By The Pr.Cit (Central), Nagpur U/S 263 Of The Act Dated 11.03.2016 For The Assessment Years 2007-08 To 2010-11 & 18.03.2016 For The Assessment Year 2011-12. The Rest Of 5 Appeals Pertain To The Fresh Assessment Order Made U/S 263 R.W.S. 143(3) Of The Act. 2. The Pr.Cit Passed The Revision Order Dated 11.03.2016 For The Assessment Years 2007-08 To 2010-11 & 18.03.2016 For The Assessment Year 2011-12 Whereas The Cit(A) Passed A Combined Appellate Order Commonly Dated 30.07.2018 Involving The Common Issues For All The Five Assessment Years. Otherwise, The Error Of Making A Revision Order By The Pr.Cit Is More Or Less Similar To All The 10 Appeals Under Consideration.

For Appellant: Shri Hari Krishan &For Respondent: Shri Deepak Garg
Section 263Section 43(5)(d)

revised by the order u/s 263, the AO passed an order u/s 143(3) rws 153A rws 263 withdrawing the set off of loss from the speculative business as per directions given in the order passed u/s 263 by the Pr. CIT(Central) Nagpur. The appellant during the appellate proceedings contended that losses from trading in share derivatives

SUNIL MANAKCHAND KOTECHA,,JALGAON vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE - 1,, NASHIK

Appeals of the assessee are disposed of as 14

ITA 1675/PUN/2018[2007-08]Status: DisposedITAT Pune13 Feb 2020AY 2007-08

Bench: Shri D. Karunakara Rao, Am & Shri Laliet Kumar, Jm आयकर अपील सं. / Ita Nos.1675 To 1679/Pun/2018 िनधा"रण वष" / Assessment Years : 2007-08 To 2011-12 Sunil Manakchand Kotecha, 4, Vardhaman Nagar, Near Sagar Park, Jalgaon-425001. .......अपीलाथ" / Appellant Pan : Abppk2141Q बनाम / V/S. Acit, Circle-1, ……""यथ" / Respondent Nashik. आयकर अपील सं. / Ita Nos.1680 To 1684/Pun/2018 िनधा"रण वष" / Assessment Years : 2007-08 To 2011-12 Sunil Manakchand Kotecha, 4, Vardhaman Nagar, Near Sagar Park, Jalgaon-425001. .......अपीलाथ" / Appellant Pan : Abppk2141Q बनाम / V/S. Pr.Cit, Central-Nagpur Nagpur. Assessee By : Shri Hari Krishan & Smt. Arrchena Shetty Revenue By : Shri Deepak Garg सुनवाई क" तारीख / Date Of Hearing : 12.02.2020 घोषणा क" तारीख / Date Of Pronouncement : 13.02.2020 आदेश / Order Per Bench : There Are 10 Appeals Under Consideration Involving The Assessment Years 2007-08 To 2011-12 (I.E. Five Assessment Years). Out Of 10 Appeals Of The Assessee, 5 Appeals Pertain To The Revision Order Passed By The Pr.Cit (Central), Nagpur U/S 263 Of The Act Dated 11.03.2016 For The Assessment Years 2007-08 To 2010-11 & 18.03.2016 For The Assessment Year 2011-12. The Rest Of 5 Appeals Pertain To The Fresh Assessment Order Made U/S 263 R.W.S. 143(3) Of The Act. 2. The Pr.Cit Passed The Revision Order Dated 11.03.2016 For The Assessment Years 2007-08 To 2010-11 & 18.03.2016 For The Assessment Year 2011-12 Whereas The Cit(A) Passed A Combined Appellate Order Commonly Dated 30.07.2018 Involving The Common Issues For All The Five Assessment Years. Otherwise, The Error Of Making A Revision Order By The Pr.Cit Is More Or Less Similar To All The 10 Appeals Under Consideration.

For Appellant: Shri Hari Krishan &For Respondent: Shri Deepak Garg
Section 263Section 43(5)(d)

revised by the order u/s 263, the AO passed an order u/s 143(3) rws 153A rws 263 withdrawing the set off of loss from the speculative business as per directions given in the order passed u/s 263 by the Pr. CIT(Central) Nagpur. The appellant during the appellate proceedings contended that losses from trading in share derivatives

SUNIL MANAKCHAND KOTECHA,,JALGAON vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE - 1,, NASHIK

Appeals of the assessee are disposed of as 14

ITA 1679/PUN/2018[2011-12]Status: DisposedITAT Pune13 Feb 2020AY 2011-12

Bench: Shri D. Karunakara Rao, Am & Shri Laliet Kumar, Jm आयकर अपील सं. / Ita Nos.1675 To 1679/Pun/2018 िनधा"रण वष" / Assessment Years : 2007-08 To 2011-12 Sunil Manakchand Kotecha, 4, Vardhaman Nagar, Near Sagar Park, Jalgaon-425001. .......अपीलाथ" / Appellant Pan : Abppk2141Q बनाम / V/S. Acit, Circle-1, ……""यथ" / Respondent Nashik. आयकर अपील सं. / Ita Nos.1680 To 1684/Pun/2018 िनधा"रण वष" / Assessment Years : 2007-08 To 2011-12 Sunil Manakchand Kotecha, 4, Vardhaman Nagar, Near Sagar Park, Jalgaon-425001. .......अपीलाथ" / Appellant Pan : Abppk2141Q बनाम / V/S. Pr.Cit, Central-Nagpur Nagpur. Assessee By : Shri Hari Krishan & Smt. Arrchena Shetty Revenue By : Shri Deepak Garg सुनवाई क" तारीख / Date Of Hearing : 12.02.2020 घोषणा क" तारीख / Date Of Pronouncement : 13.02.2020 आदेश / Order Per Bench : There Are 10 Appeals Under Consideration Involving The Assessment Years 2007-08 To 2011-12 (I.E. Five Assessment Years). Out Of 10 Appeals Of The Assessee, 5 Appeals Pertain To The Revision Order Passed By The Pr.Cit (Central), Nagpur U/S 263 Of The Act Dated 11.03.2016 For The Assessment Years 2007-08 To 2010-11 & 18.03.2016 For The Assessment Year 2011-12. The Rest Of 5 Appeals Pertain To The Fresh Assessment Order Made U/S 263 R.W.S. 143(3) Of The Act. 2. The Pr.Cit Passed The Revision Order Dated 11.03.2016 For The Assessment Years 2007-08 To 2010-11 & 18.03.2016 For The Assessment Year 2011-12 Whereas The Cit(A) Passed A Combined Appellate Order Commonly Dated 30.07.2018 Involving The Common Issues For All The Five Assessment Years. Otherwise, The Error Of Making A Revision Order By The Pr.Cit Is More Or Less Similar To All The 10 Appeals Under Consideration.

For Appellant: Shri Hari Krishan &For Respondent: Shri Deepak Garg
Section 263Section 43(5)(d)

revised by the order u/s 263, the AO passed an order u/s 143(3) rws 153A rws 263 withdrawing the set off of loss from the speculative business as per directions given in the order passed u/s 263 by the Pr. CIT(Central) Nagpur. The appellant during the appellate proceedings contended that losses from trading in share derivatives

SUNIL MANAKCHAND KOTECHA,,JALGAON vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE - 1,, NASHIK

Appeals of the assessee are disposed of as 14

ITA 1677/PUN/2018[2009-10]Status: DisposedITAT Pune13 Feb 2020AY 2009-10

Bench: Shri D. Karunakara Rao, Am & Shri Laliet Kumar, Jm आयकर अपील सं. / Ita Nos.1675 To 1679/Pun/2018 िनधा"रण वष" / Assessment Years : 2007-08 To 2011-12 Sunil Manakchand Kotecha, 4, Vardhaman Nagar, Near Sagar Park, Jalgaon-425001. .......अपीलाथ" / Appellant Pan : Abppk2141Q बनाम / V/S. Acit, Circle-1, ……""यथ" / Respondent Nashik. आयकर अपील सं. / Ita Nos.1680 To 1684/Pun/2018 िनधा"रण वष" / Assessment Years : 2007-08 To 2011-12 Sunil Manakchand Kotecha, 4, Vardhaman Nagar, Near Sagar Park, Jalgaon-425001. .......अपीलाथ" / Appellant Pan : Abppk2141Q बनाम / V/S. Pr.Cit, Central-Nagpur Nagpur. Assessee By : Shri Hari Krishan & Smt. Arrchena Shetty Revenue By : Shri Deepak Garg सुनवाई क" तारीख / Date Of Hearing : 12.02.2020 घोषणा क" तारीख / Date Of Pronouncement : 13.02.2020 आदेश / Order Per Bench : There Are 10 Appeals Under Consideration Involving The Assessment Years 2007-08 To 2011-12 (I.E. Five Assessment Years). Out Of 10 Appeals Of The Assessee, 5 Appeals Pertain To The Revision Order Passed By The Pr.Cit (Central), Nagpur U/S 263 Of The Act Dated 11.03.2016 For The Assessment Years 2007-08 To 2010-11 & 18.03.2016 For The Assessment Year 2011-12. The Rest Of 5 Appeals Pertain To The Fresh Assessment Order Made U/S 263 R.W.S. 143(3) Of The Act. 2. The Pr.Cit Passed The Revision Order Dated 11.03.2016 For The Assessment Years 2007-08 To 2010-11 & 18.03.2016 For The Assessment Year 2011-12 Whereas The Cit(A) Passed A Combined Appellate Order Commonly Dated 30.07.2018 Involving The Common Issues For All The Five Assessment Years. Otherwise, The Error Of Making A Revision Order By The Pr.Cit Is More Or Less Similar To All The 10 Appeals Under Consideration.

For Appellant: Shri Hari Krishan &For Respondent: Shri Deepak Garg
Section 263Section 43(5)(d)

revised by the order u/s 263, the AO passed an order u/s 143(3) rws 153A rws 263 withdrawing the set off of loss from the speculative business as per directions given in the order passed u/s 263 by the Pr. CIT(Central) Nagpur. The appellant during the appellate proceedings contended that losses from trading in share derivatives

SUNIL MANAKCHAND KOTECHA,,JALGAON vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE - 1,, NASHIK

Appeals of the assessee are disposed of as 14

ITA 1678/PUN/2018[2010-11]Status: DisposedITAT Pune13 Feb 2020AY 2010-11

Bench: Shri D. Karunakara Rao, Am & Shri Laliet Kumar, Jm आयकर अपील सं. / Ita Nos.1675 To 1679/Pun/2018 िनधा"रण वष" / Assessment Years : 2007-08 To 2011-12 Sunil Manakchand Kotecha, 4, Vardhaman Nagar, Near Sagar Park, Jalgaon-425001. .......अपीलाथ" / Appellant Pan : Abppk2141Q बनाम / V/S. Acit, Circle-1, ……""यथ" / Respondent Nashik. आयकर अपील सं. / Ita Nos.1680 To 1684/Pun/2018 िनधा"रण वष" / Assessment Years : 2007-08 To 2011-12 Sunil Manakchand Kotecha, 4, Vardhaman Nagar, Near Sagar Park, Jalgaon-425001. .......अपीलाथ" / Appellant Pan : Abppk2141Q बनाम / V/S. Pr.Cit, Central-Nagpur Nagpur. Assessee By : Shri Hari Krishan & Smt. Arrchena Shetty Revenue By : Shri Deepak Garg सुनवाई क" तारीख / Date Of Hearing : 12.02.2020 घोषणा क" तारीख / Date Of Pronouncement : 13.02.2020 आदेश / Order Per Bench : There Are 10 Appeals Under Consideration Involving The Assessment Years 2007-08 To 2011-12 (I.E. Five Assessment Years). Out Of 10 Appeals Of The Assessee, 5 Appeals Pertain To The Revision Order Passed By The Pr.Cit (Central), Nagpur U/S 263 Of The Act Dated 11.03.2016 For The Assessment Years 2007-08 To 2010-11 & 18.03.2016 For The Assessment Year 2011-12. The Rest Of 5 Appeals Pertain To The Fresh Assessment Order Made U/S 263 R.W.S. 143(3) Of The Act. 2. The Pr.Cit Passed The Revision Order Dated 11.03.2016 For The Assessment Years 2007-08 To 2010-11 & 18.03.2016 For The Assessment Year 2011-12 Whereas The Cit(A) Passed A Combined Appellate Order Commonly Dated 30.07.2018 Involving The Common Issues For All The Five Assessment Years. Otherwise, The Error Of Making A Revision Order By The Pr.Cit Is More Or Less Similar To All The 10 Appeals Under Consideration.

For Appellant: Shri Hari Krishan &For Respondent: Shri Deepak Garg
Section 263Section 43(5)(d)

revised by the order u/s 263, the AO passed an order u/s 143(3) rws 153A rws 263 withdrawing the set off of loss from the speculative business as per directions given in the order passed u/s 263 by the Pr. CIT(Central) Nagpur. The appellant during the appellate proceedings contended that losses from trading in share derivatives

SHRI SUNIL MANAKCHAND KOTECHA,,JALGAON vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE - 1, , NASHIK

Appeals of the assessee are disposed of as 14

ITA 1676/PUN/2018[2008-09]Status: DisposedITAT Pune13 Feb 2020AY 2008-09

Bench: Shri D. Karunakara Rao, Am & Shri Laliet Kumar, Jm आयकर अपील सं. / Ita Nos.1675 To 1679/Pun/2018 िनधा"रण वष" / Assessment Years : 2007-08 To 2011-12 Sunil Manakchand Kotecha, 4, Vardhaman Nagar, Near Sagar Park, Jalgaon-425001. .......अपीलाथ" / Appellant Pan : Abppk2141Q बनाम / V/S. Acit, Circle-1, ……""यथ" / Respondent Nashik. आयकर अपील सं. / Ita Nos.1680 To 1684/Pun/2018 िनधा"रण वष" / Assessment Years : 2007-08 To 2011-12 Sunil Manakchand Kotecha, 4, Vardhaman Nagar, Near Sagar Park, Jalgaon-425001. .......अपीलाथ" / Appellant Pan : Abppk2141Q बनाम / V/S. Pr.Cit, Central-Nagpur Nagpur. Assessee By : Shri Hari Krishan & Smt. Arrchena Shetty Revenue By : Shri Deepak Garg सुनवाई क" तारीख / Date Of Hearing : 12.02.2020 घोषणा क" तारीख / Date Of Pronouncement : 13.02.2020 आदेश / Order Per Bench : There Are 10 Appeals Under Consideration Involving The Assessment Years 2007-08 To 2011-12 (I.E. Five Assessment Years). Out Of 10 Appeals Of The Assessee, 5 Appeals Pertain To The Revision Order Passed By The Pr.Cit (Central), Nagpur U/S 263 Of The Act Dated 11.03.2016 For The Assessment Years 2007-08 To 2010-11 & 18.03.2016 For The Assessment Year 2011-12. The Rest Of 5 Appeals Pertain To The Fresh Assessment Order Made U/S 263 R.W.S. 143(3) Of The Act. 2. The Pr.Cit Passed The Revision Order Dated 11.03.2016 For The Assessment Years 2007-08 To 2010-11 & 18.03.2016 For The Assessment Year 2011-12 Whereas The Cit(A) Passed A Combined Appellate Order Commonly Dated 30.07.2018 Involving The Common Issues For All The Five Assessment Years. Otherwise, The Error Of Making A Revision Order By The Pr.Cit Is More Or Less Similar To All The 10 Appeals Under Consideration.

For Appellant: Shri Hari Krishan &For Respondent: Shri Deepak Garg
Section 263Section 43(5)(d)

revised by the order u/s 263, the AO passed an order u/s 143(3) rws 153A rws 263 withdrawing the set off of loss from the speculative business as per directions given in the order passed u/s 263 by the Pr. CIT(Central) Nagpur. The appellant during the appellate proceedings contended that losses from trading in share derivatives

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

In the result, appeals of assessee in ITA Nos

ITA 598/PUN/2015[2011-12]Status: DisposedITAT Pune28 Nov 2018AY 2011-12

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

For Appellant: Shri Pramod ShingteFor Respondent: Shri S.B. Prasad, CIT
Section 143(3)Section 153CSection 153DSection 263

u/s 263. 5. The assessee in ITA Nos.596, 597 & 599/PUN/2015 has challenged the exercise of jurisdiction by the Commissioner under section 263 of the Act against assessment order passed under section 143(3) r.w.s. 153C of the Act. 6. The learned Authorized Representative for the assessee pointed out that the jurisdictional issue of exercise of revisionary power by the Commissioner

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

In the result, appeals of assessee in ITA Nos

ITA 597/PUN/2015[2010-11]Status: DisposedITAT Pune28 Nov 2018AY 2010-11

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

For Appellant: Shri Pramod ShingteFor Respondent: Shri S.B. Prasad, CIT
Section 143(3)Section 153CSection 153DSection 263

u/s 263. 5. The assessee in ITA Nos.596, 597 & 599/PUN/2015 has challenged the exercise of jurisdiction by the Commissioner under section 263 of the Act against assessment order passed under section 143(3) r.w.s. 153C of the Act. 6. The learned Authorized Representative for the assessee pointed out that the jurisdictional issue of exercise of revisionary power by the Commissioner

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

In the result, appeals of assessee in ITA Nos

ITA 596/PUN/2015[2009-10]Status: DisposedITAT Pune28 Nov 2018AY 2009-10

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

For Appellant: Shri Pramod ShingteFor Respondent: Shri S.B. Prasad, CIT
Section 143(3)Section 153CSection 153DSection 263

u/s 263. 5. The assessee in ITA Nos.596, 597 & 599/PUN/2015 has challenged the exercise of jurisdiction by the Commissioner under section 263 of the Act against assessment order passed under section 143(3) r.w.s. 153C of the Act. 6. The learned Authorized Representative for the assessee pointed out that the jurisdictional issue of exercise of revisionary power by the Commissioner

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

In the result, appeals of assessee in ITA Nos

ITA 599/PUN/2015[2011-12]Status: DisposedITAT Pune28 Nov 2018AY 2011-12

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

For Appellant: Shri Pramod ShingteFor Respondent: Shri S.B. Prasad, CIT
Section 143(3)Section 153CSection 153DSection 263

u/s 263. 5. The assessee in ITA Nos.596, 597 & 599/PUN/2015 has challenged the exercise of jurisdiction by the Commissioner under section 263 of the Act against assessment order passed under section 143(3) r.w.s. 153C of the Act. 6. The learned Authorized Representative for the assessee pointed out that the jurisdictional issue of exercise of revisionary power by the Commissioner

M/S SUNIL CHETNDAS KATARIYA, HUF,NASHIK vs. PRINCIPAL COMMISSIONER OF INCOME-TAX-1, , NASHIK

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

ITA 261/PUN/2022[2011-12]Status: DisposedITAT Pune21 Aug 2023AY 2011-12

Bench: Shri Inturi Rama Rao & Shri S. S. Viswanethra Raviआयकर अपील सं. / Ita No.261/Pun/2022 िनधा"रण वष" / Assessment Year : 2011-12 M/S. Sunil Chetandas Vs. Pr.Cit-1, Nashik. Katariya, 649, Sai Villa, Lam Road, Deolali Camp, Nashik- 422401. Pan : Aaths6634R Appellant Respondent Assessee By : Shri Sanket Joshi Revenue By : Shri Ajay Kumar Kesari Date Of Hearing : 10.08.2023 Date Of Pronouncement : 21.08.2023 आदेश / Order Per Inturi Rama Rao, Am: This Is An Appeal Filed By The Assessee Directed Against The Order Of Ld. Pr. Commissioner Of Income Tax-1, Nashik [‘Pcit’] Dated 12.03.2021 For The Assessment Year 2011-12. 2. The Appellant Raised The Following Grounds Of Appeal :- “1. The Learned Pcit Erred In Holding That The Asst. Order Passed U/S 143(3) R.W.S. 147 In The Case Of The Assessee For A.Y.2011 - 12 Was Erroneous & Prejudicial To The Interest Of Revenue & Thereby

For Appellant: Shri Sanket JoshiFor Respondent: Shri Ajay Kumar Kesari
Section 139Section 143(3)Section 147Section 148Section 263Section 269S

revision is sought to be made. Therefore, the assessment order passed by the Assessing Officer cannot be termed “erroneous and prejudicial to the interests of the Revenue”. In the light of the law laid down by the Hon’ble Bombay High Court in the case of CIT vs. Jet Airways (I) Ltd., 331 ITR 236 (Bom.), the Hon’ble Delhi

VIVEK NATHURAM GAVHANE,PUNE vs. THE PR. COMMISSIONER OF INCOME TAX, CENTRAL, PUNE

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

ITA 849/PUN/2025[2020-21]Status: DisposedITAT Pune04 Nov 2025AY 2020-21

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita No.849/Pun/2025 Assessment Year : 2020-21

For Appellant: Shri Nikhil S. PathakFor Respondent: Shri Amit Bobde
Section 133ASection 143(2)Section 143(3)Section 263Section 32Section 69C

disallow the depreciation at Rs.81,24,101/- claimed by the assessee alleging use of properties for business purposes. 4. In response to notice u/s.263 of the Act, assessee filed written submissions wherein it has been stated that the properties in question were rented for part of the year and thereafter they have been utilized for business purposes and therefore

DHARMAVEER SAMBHAJI NAGARI SAHAKARI PAT MARYADIT,PUNE vs. PCIT, PUNE

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

ITA 1217/PUN/2025[2020-21]Status: DisposedITAT Pune16 Jan 2026AY 2020-21

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2020-21 Dharmaveer Sambhaji Nagari Pcit-3, Pune Sahakari Pat Maryadit Vs. A/P Manchar, Tal-Ambegaon, Dist. Pune – 410503 Pan: Aaaad5228N (Appellant) (Respondent) Assessee By : Shri Sandip Argade Department By : Shri Amol Khairnar, Cit-Dr Date Of Hearing : 13-01-2026 Date Of Pronouncement : 16-01-2026

For Appellant: Shri Sandip ArgadeFor Respondent: Shri Amol Khairnar, CIT-DR
Section 143(1)Section 143(3)Section 263Section 3Section 56Section 80PSection 80P(2)(a)

disallow the deduction u/s 80P of the Act to the extent of net interest income. 11. Relying on the following decisions he submitted that when the Assessing Officer has taken a plausible view on an issue, the Ld.PCIT cannot assume jurisdiction u/s 263 of the Act to revise

ANIL SHRICHAND SADHWANI,NASHIK vs. ITO, WARD 2(1), NASHIK

Appeal is allowed

ITA 2443/PUN/2024[2015-16]Status: DisposedITAT Pune20 May 2025AY 2015-16

Bench: Dr.Dipak P. Ripote & Shri Vinay Bhamoreआयकर अपील सं. / Ita No.2443/Pun/2024 िनधा"रण वष" / Assessment Year: 2015-16 Anil Shrichand Sadhwani, V The Income Tax Officer, Chhatrapati Shivaji Hsg Soc, S Ward-2(1), Pune. Nashik Road, Jailroad, Nashik – 422101. Maharashtra. Pan: Annps1615D Appellant/ Assessee Respondent / Revenue Assessee By Shri Sanket M Joshi – Ar Revenue By Shri Ramnath P Murkunde – Dr Date Of Hearing 23/04/2025 Date Of Pronouncement 20/05/2025 आदेश/ Order Per Dr. Dipak P. Ripote, Am: Thisappeal Filed By The Assessee Is Against The Order Of Ld.Commissioner Of Income Tax(Appeals)[Nfac], Passed Under Section 250Of The Income Tax Act, 1961; Dated 23.09.2024 For Assessment Year 2015-16. The Assessee Has Raised The Following Grounds Of Appeal : “1. The Learned Ctt(A) Erred In Confirming The Addition U/S 50C Of Rs.6,15,600 By Taxing The Appellant'S Share In Difference Between Govt. Valuation Of Rs.2,52,31,000 & Actual Consideration Of Rs 2,40,00,000 Received On Sale Of Immovable Property As Income U/S 50C Without

Section 143(3)Section 250oSection 263Section 50CSection 54ESection 54F

revision order u/s 263, is outside the scope of the present appeal arising against the asst, order u/s 143(3) r.w.s. 263 which is impugned before Hon'ble Bench. Copy of the original Asst. Order u/s 143(3) dated 24.12.2017 is attached herewith as Annexure 6. 5] It is further clarified that the total cost of construction of the bunglow