ASSISTANT COMMISSIONER OF INCOME-TAX,CENTRAL CIRCLE - 2(2),, PUNE vs. M/S SINHGAD TECHNICAL EDUCATION SOCIETY (TRUST), PUNE

In the result, the appeal of the Revenue in ITA

Bench: Shri Inturi Rama Rao & Shri S. S. Viswanethra Ravisl. It(Ss)A No./ Name Of Appellant Name Of Respondent Asst. No.

search and seizure operations, was collected as capitation fees or donations for admission of the students under the management quota and the same was siphoned off by the President of the appellant society, namely, Shri Maruti N. Navale for personal enrichment. (iv) The appellant society challenged the findings of the Assessing Officer on violation of the provisions of section

DY COMMISSIONER OF INCOME-TAX, SANGLI CIRCLE,, SANGLI vs. ANAND DEVELOPERS, SANGLI

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

search and seizure operations in the case of M/s. Ramsina Group of cases, it is found that M/s. Anand Developers i.e. assessee firm had purchased a property bearing R.S.No.948/3, 948/7 and 948/10 at Kasaba Bavada, Kolhapur from one Ulpe Family for a consideration of Rs.2.76 crores. However, in the sale deed was executed and C.O. No.15/PUN/2023 registered

ANAND DEVELOPERS,SANGLI vs. INCOME-TAX OFFICER, WARD 2(1), SANGLI

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

search and seizure operations in the case of M/s. Ramsina Group of cases, it is found that M/s. Anand Developers i.e. assessee firm had purchased a property bearing R.S.No.948/3, 948/7 and 948/10 at Kasaba Bavada, Kolhapur from one Ulpe Family for a consideration of Rs.2.76 crores. However, in the sale deed was executed and C.O. No.15/PUN/2023 registered

GARWARE TECHNICAL FIBRES LIMITED,PUNE vs. DCIT, CC-1(3), PUNE

In the result, all the eight appeals filed by the assessee are partly allowed and the only appeal filed by the Revenue is dismissed

Bench: Shri Rama Kanta Panda & Ms. Astha Chandra

search & seizure proceedings. In the absence of any corroborative evidences and a finding that notings on such documents had materialized into transactions giving rise to income of the appellant which had not been disclosed in regular books of account, these documents are nothing but 'dumb documents" 9. Without prejudice to aforesaid grounds and on the facts and in circumstances

GARWARE TECHNICAL FIBRES LIMITED,PUNE vs. DCIT, CC-1(3), PUNE

In the result, all the eight appeals filed by the assessee are partly allowed and the only appeal filed by the Revenue is dismissed

Bench: Shri Rama Kanta Panda & Ms. Astha Chandra

search & seizure proceedings. In the absence of any corroborative evidences and a finding that notings on such documents had materialized into transactions giving rise to income of the appellant which had not been disclosed in regular books of account, these documents are nothing but 'dumb documents" 9. Without prejudice to aforesaid grounds and on the facts and in circumstances

GARWARE TECHNICAL FIBRES LIMITED,PUNE vs. DCIT, CC-1(3), PUNE

In the result, all the eight appeals filed by the assessee are partly allowed and the only appeal filed by the Revenue is dismissed

Bench: Shri Rama Kanta Panda & Ms. Astha Chandra

search & seizure proceedings. In the absence of any corroborative evidences and a finding that notings on such documents had materialized into transactions giving rise to income of the appellant which had not been disclosed in regular books of account, these documents are nothing but 'dumb documents" 9. Without prejudice to aforesaid grounds and on the facts and in circumstances

GARWARE TECHNICAL FIBRES LIMITED,PUNE vs. DCIT, CC-1(3), PUNE

In the result, all the eight appeals filed by the assessee are partly allowed and the only appeal filed by the Revenue is dismissed

Bench: Shri Rama Kanta Panda & Ms. Astha Chandra

search & seizure proceedings. In the absence of any corroborative evidences and a finding that notings on such documents had materialized into transactions giving rise to income of the appellant which had not been disclosed in regular books of account, these documents are nothing but 'dumb documents" 9. Without prejudice to aforesaid grounds and on the facts and in circumstances

GARWARE TECHNICAL FIBRES LIMITED,PUNE vs. DCIT, CC-1(3), PUNE

In the result, all the eight appeals filed by the assessee are partly allowed and the only appeal filed by the Revenue is dismissed

Bench: Shri Rama Kanta Panda & Ms. Astha Chandra

search & seizure proceedings. In the absence of any corroborative evidences and a finding that notings on such documents had materialized into transactions giving rise to income of the appellant which had not been disclosed in regular books of account, these documents are nothing but 'dumb documents" 9. Without prejudice to aforesaid grounds and on the facts and in circumstances

GARWARE TECHNICAL FIBRES LIMITED,PUNE vs. DCIT, CC-1(3), PUNE

In the result, all the eight appeals filed by the assessee are partly\nallowed and the only appeal filed by the Revenue is dismissed

seizure proceedings tallied with the cash\nbalance available with the appellant company's audited books of\naccounts, thus neither any unaccounted cash indicative of\nunaccounted cash receipts nor any shortage of cash indicative of\nunaccounted cash payments was found at the time of search.\n6. On the facts and in the circumstances of the appellant's case and in\nlaw

GARWARE TECHNICAL FIBRES LIMITED,PUNE vs. DCIT, CC-1(3), PUNE

seizure proceedings tallied with the cash\nbalance available with the appellant company's audited books of\naccounts, thus neither any unaccounted cash indicative of\nunaccounted cash receipts nor any shortage of cash indicative of\nunaccounted cash payments was found at the time of search.\n6. On the facts and in the circumstances of the appellant's case and in\nlaw

SIDDHESHWAR INDUSTRIES PVT. LTD.,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

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

Bench: Shri Inturi Rama Rao & Shri S. S. Viswanethra Raviआयकर अपील सं. / Ita No.760/Pun/2016 िनधा"रण वष" / Assessment Year: 2008-09 Siddheshwar Industries Pvt. Vs. Dcit, Central Circle- Ltd., 2(2), Pune. Plot No.A-50, H- Block, Midc, Pimpri, Pune- 411018. Pan : Aagcs4976E Appellant Respondent Assessee By : Shri Hari Krishan Revenue By : Shri Piyushkumar Singh Yadav Date Of Hearing 09.03.2022 : Date Of Pronouncement : 20.04.2022 आदेश / Order Per Inturi Rama Rao, Am: This Is An Appeal Filed By The Assessee Directed Against The Order Of Ld. Commissioner Of Income Tax (Appeals)- 12, Pune [‘Cit(A)’ For Short] Dated 23.10.2015 For The Assessment Year 2008-09. 2. The Appellant Raised The Following Grounds Of Appeal :- “1. In The Facts & Circumstances Of The Case & In Law, The Learned C.I.T. [A] 12 Has Erred By Wrongly Enhance The Amount Of Rs.2,95,00,000/- By Disallowing The Claim Of Deduction U/S 43B In Revised Return Of Income Filed U/S 153A Of The I T Act. The Aforesaid Addition Being Arbitrary, Perverse, Based On Surmises & Conjecture

search and seizure operations, certain incriminating material was stated to have been found. The statement of the appellant was recorded under the provisions of section 132(4) of the Act, wherein, it is stated that the appellant had made gross disclosure of Rs.10,72,84,798/- which inter-alia include disallowance

GARWARE TECHNICAL FIBRES LIMITED,PUNE vs. DCIT, CC-1(3), PUNE

seizure proceedings tallied with the cash\nbalance available with the appellant company's audited books of\naccounts, thus neither any unaccounted cash indicative of\nunaccounted cash receipts nor any shortage of cash indicative of\nunaccounted cash payments was found at the time of search.\n\n6. On the facts and in the circumstances of the appellant's case

DCIT, CENTRAL CIRCLE- 1(3), PUNE, INCOME TAX, PUNE vs. GARWARE TECHNICAL FIBRES LIMITED, MAHARASHTRA

In the result, all the eight appeals filed by the assessee are partly\nallowed and the only appeal filed by the Revenue is dismissed

seizure proceedings tallied with the cash\nbalance available with the appellant company's audited books of\naccounts, thus neither any unaccounted cash indicative of\nunaccounted cash receipts nor any shortage of cash indicative of\nunaccounted cash payments was found at the time of search.\n\n6. On the facts and in the circumstances of the appellant's case

HETAL RAKESH MEHTA ,MUMBAI vs. ACIT, CC-1(2), PUNE

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

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2018-19 Hetal Rakesh Mehta Acit, Central Circle 1(2), 9/10, Vidya Nagar, 60 Feet Road, Vs. Pune Ghatkopar East, Mumbai – 400077 Pan: Ammpm9670L (Appellant) (Respondent)

seizure action u/s 132 of the Act was also carried out in the cases of Rakesh Mehta, Hetal Mehta and Rakesh Mehta HUF. During the search action, Shri Rakesh Mehta was asked to state the details regarding all the steps and procedure involved in his business, along with details of documents prepared thereof. However, the assessee was not able

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

disallowed the same u/s 37 of the Act. Thus, the Assessing Officer computed the total income of the assessee at Rs.2,22,86,304/-. 6. Before the Ld. CIT(A) / NFAC the assessee submitted that the reasons for reopening were communited to the assessee after 11 months of issue of notice u/s 148 of the Act although the assessee

ASHOK VIJAYKUMAR KOTECHA,,JALGAON vs. ASSISTANT COMMISSIONER OF INCOME-TAX,,

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

Bench: Shri Inturi Rama Rao & Shri S. S. Viswanethra Ravisl.

disallowances in assessment u/s 153A in the absence of any incriminating material and without appreciating the fact that original assessment made u/s 143(1)(a) which is completed on the date of initiation of search get abated. 3) In the facts and circumstances of the case and in law. the learned Assessing Officer erred in adding

ASHOK VIJAYKUMAR KOTECHA,,JALGAON vs. ASSISTANT COMMISSIONER OF INCOME-TAX,,

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

Bench: Shri Inturi Rama Rao & Shri S. S. Viswanethra Ravisl.

disallowances in assessment u/s 153A in the absence of any incriminating material and without appreciating the fact that original assessment made u/s 143(1)(a) which is completed on the date of initiation of search get abated. 3) In the facts and circumstances of the case and in law. the learned Assessing Officer erred in adding

ASHOK VIJAYKUMAR KOTECHA,,JALGAON vs. ASSISTANT COMMISSIONER OF INCOME-TAX,,

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

Bench: Shri Inturi Rama Rao & Shri S. S. Viswanethra Ravisl.

disallowances in assessment u/s 153A in the absence of any incriminating material and without appreciating the fact that original assessment made u/s 143(1)(a) which is completed on the date of initiation of search get abated. 3) In the facts and circumstances of the case and in law. the learned Assessing Officer erred in adding

M/S. MAHAVIR CIVIL ENGINEERING & SERVICES PVT. LTD.,,JALGAON vs. PRINCIPAL COMMISSIONER OF INCOME-TAX (CENTRAL),

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

search and seizure operations, the claim cannot be disallowed. It is further contended that the claim came to be allowed