LEELAVATI VIJAYKUMAR KOTECHA,,JALGAON vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, appeal of the assessee for assessment year 2012-13 is

Bench: Shri D. Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर अपील सं. / Ita Nos. 1294 To 1297/Pun/2016 "नधा"रण वष" / Assessment Years : 2007-08, 2008-09, 2010-11, 2012-13

credit selling shares of Tapi Pre-stress Ltd. Assessment year 2012-13 7. Unexplained cash Personal cash from seized from Locker accumulated No. 98 at United 1,65,900/- savings (out of tax Western Bank Ltd. paid income) Navi Peth, Jalgaon during search. 5. Smt. Nirupama Kotru representing the Department vehemently relied on the impugned assessment orders confirming the additions

LEELAVATI VIJAYKUMAR KOTECHA,,JALGAON vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, appeal of the assessee for assessment year 2012-13 is

Bench: Shri D. Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर अपील सं. / Ita Nos. 1294 To 1297/Pun/2016 "नधा"रण वष" / Assessment Years : 2007-08, 2008-09, 2010-11, 2012-13

credit selling shares of Tapi Pre-stress Ltd. Assessment year 2012-13 7. Unexplained cash Personal cash from seized from Locker accumulated No. 98 at United 1,65,900/- savings (out of tax Western Bank Ltd. paid income) Navi Peth, Jalgaon during search. 5. Smt. Nirupama Kotru representing the Department vehemently relied on the impugned assessment orders confirming the additions

ASSISTANT COMMISSIONER OF INCOME TAX, JALGAON vs. SIDHARTH RATANLAL BAFNA, JALGAON

In the result, all the above 6 appeals filed by the Revenue are dismissed and

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

credit worthiness. They are either non-filers or have filed nominal return of income and have not paid tax. 4. Subsequent to the above information, the online data and old assessment records were analysed. This led to a conclusion that the assessee was dealing in shares of a penny stock company, namely, PFL Infotech Ltd. ALGPB5972R- SIDHARTH RATANLAL BAFNA

ASSISTANT COMMISSIONER OF INCOME TAX, JALGAON vs. SIDHARTH RATANLAL BAFNA, JALGAON

In the result, all the above 6 appeals filed by the Revenue are dismissed and

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

credit worthiness. They are either non-filers or have filed nominal return of income and have not paid tax. 4. Subsequent to the above information, the online data and old assessment records were analysed. This led to a conclusion that the assessee was dealing in shares of a penny stock company, namely, PFL Infotech Ltd. 4 ITA Nos.1555/PUN/2024

ASWAD JAIDAS PATIL,RAIGAD vs. DY, COMMISSIONER OF INCOME TAX, CIRCLE-PANVEL, PANVEL

In the result, the appeal filed by the Revenue is dismissed and the appeal filed by the assessee is partly allowed for statistical purposes

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2012-13

unexplained cash credit u/s 69A of the Act. He, however, restricted the addition on account of provision for routine expenses to Rs.2,83,000/-, restricted the addition to Rs.50 lakhs out of Rs.54 lakhs made by the Assessing Officer u/s 68 of the Act towards unsecured loans and restricted the disallowance

ASSISTANT COMMISSIONER OF INCOME TAX, PANVEL vs. ASWAD JAIDAS PATIL, PEZARI POST POYNAD

In the result, the appeal filed by the Revenue is dismissed and the appeal filed by the assessee is partly allowed for statistical purposes

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2012-13

unexplained cash credit u/s 69A of the Act. He, however, restricted the addition on account of provision for routine expenses to Rs.2,83,000/-, restricted the addition to Rs.50 lakhs out of Rs.54 lakhs made by the Assessing Officer u/s 68 of the Act towards unsecured loans and restricted the disallowance

AHMEDNAGAR AUTO AND ENGINEERING ASSOCIATION,AHMEDNAGAR vs. ITO, WARD 1, , AHMEDNAGAR

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

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2018-19

Disallowance u/s 37 - Rs.96,84,389/- b) Addition on account of capital reserve - Rs.96,30,542/- c) Unexplained cash credit

RAJARSHI SHAHU SHIKSHAN SANSTHA INAM DHAMANI,SANGLI vs. ITO EXEMPTION, KOLHAPUR, KOLHAPUR

In the result, all the appeals filed by the assessee are partly allowed as per terms indicated hereinabove

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita Nos.1121 To 1126/Pun/2024 Assessment Years : 2012-13 To 2017-18

unexplained cash credit in the books and the assessee is unable to explain the nature and source to the satisfaction of the Assessing Officer and the same is treated as income. It means that the amount which are credited in the books of account and not shown as income, i.e. they have shown as liability or any other credit

RAJARSHI SHAHU SHIKSHAN SANSTHA INAM DHAMANI,SANGLI vs. ITO EXEMPTION, KOLHAPUR, KOLHAPUR

In the result, all the appeals filed by the assessee are partly allowed as per terms indicated hereinabove

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita Nos.1121 To 1126/Pun/2024 Assessment Years : 2012-13 To 2017-18

unexplained cash credit in the books and the assessee is unable to explain the nature and source to the satisfaction of the Assessing Officer and the same is treated as income. It means that the amount which are credited in the books of account and not shown as income, i.e. they have shown as liability or any other credit

RAJARSHI SHAHU SHIKSHAN SANSTHA INAM DHAMANI,SANGLI vs. ITO EXEMPTION, KOLHAPUR

In the result, all the appeals filed by the assessee are partly allowed as per terms indicated hereinabove

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita Nos.1121 To 1126/Pun/2024 Assessment Years : 2012-13 To 2017-18

unexplained cash credit in the books and the assessee is unable to explain the nature and source to the satisfaction of the Assessing Officer and the same is treated as income. It means that the amount which are credited in the books of account and not shown as income, i.e. they have shown as liability or any other credit

SHIVAJI LAXMAN SAHANE,,NASHIK vs. ASSISTANT COMMISSIONER OF INCOME-TAX,,

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

unexplained cash credit u/s. 68 of the Act, disallowance of interest of Rs.3,42,022/- paid to Mr. Rangnath Dattatraya

GUNAI SHIKSHAN PRASARAK MANDAL,UDGIR vs. DEPUTY COMMISSIONER OF INCOME-TAX, AURANGABAD

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

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

disallowing the above said anonymous donations amounting to Rs.2,12,84,180/- u/s 115BBC of the Act and also made an addition of the above said cash deposits amounting to Rs.80,18,423/- as unexplained cash credits

DEPUTY COMMISSIONER OF INCOME TAX, EXEMPTIONS CIRCLE, AURANGABAD, AURANGABAD. vs. GUNAI SHIKSHAN PRASARAK MANDAL, LATUR

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

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

disallowing the above said anonymous donations amounting to Rs.2,12,84,180/- u/s 115BBC of the Act and also made an addition of the above said cash deposits amounting to Rs.80,18,423/- as unexplained cash credits

RUHEENA BEGUM SHAIKH AMIR,,JALNA vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE,, JALNA

In the result, appeal of the assessee is allowed

Bench: Shri Partha Sarathi Chaudhury

disallowed Rs. 7,64,304/- as excess cash accepted and deposited after 03-12-2016, as unexplained cash credit u/s 68 of the Act, which

SARIKA ASHOK SATAV,,PUNE vs. INCOME-TAX OFFICER, WARD - 12(4),, PUNE

Appeal is partly allowed for statistical purposes in above terms

Bench: Shri S.S.Godara, Jm & Shri G.D. Padmahshali, Am आयकर अपील सं. / Ita No.1952/Pun/2017 धनधाारण वषा / Assessment Year : 2013-14

unexplained cash credits /unsecured loans of Rs.1,42,61,756/- during the course of assessment dated 18.03.2016 as upheld in the CIT(A)’ s order as follows. “ 4.6. The A.O. vide his Remand Report dt. 09.01.2017 submitted as under :- “In this connection, detailed report on the subject is submitted as under: a) Assessee is an individual stated to be running

INCOME TAX OFFICER, DHULE vs. DHULE ZILHA PARISHAD KARMACHARI SAHAKARI PATPEDHI MARYADIT DHULE, DHULE

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

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

unexplained cash credits u/s 68 r.w.s. 115BBE of the Act and disallowing the claim of deduction u/s 80P(2)(a)(i) of the Act of Rs.80

KUMAR BUILDERS,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE - 7,, PUNE

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

Bench: Shri R.S.Syal & Shri S.S. Viswanethra Raviआयकर अपील सं. / Ita No. 567/Pun/2018 धनधाारण वषा / Assessment Year : 2014-15 Kumar Builders, 10Th Floor, Kumar Business Centre (Kbc) Opp. Pune Central, Bund Garden Road, Pune-411 001. Pan : Aacfk1478L .......अपीलाथी / Appellant बनाम / V/S.

unexplained cash credit, disallowance of expenditure u/s.36(1)(iii) of the Act, disallowance on commission payment, disallowance of income from

DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE - 5,, PUNE vs. RAKESH MOTILAL SHARMA,, PUNE

Appeals are partly allowed in above terms

Bench: Shri S.S.Godara, Jm & Shri Dr. Dipak P. Ripote, Am आयकर अपीऱ सं. / Ita No.2123 & 2124/Pun/2017 ननधधारण वषा / Assessment Year : 2013-14 & 2014-15

disallowance /addition as follows :- 5.3 DECISION; - I have perused the assessment order and the submission made by the appellant as above carefully. I find that the AO treated tin amount of Rs.1,64,86,847/- as appellant‟s unexplained cash credit

DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE - 5,, PUNE vs. RAKESH MOTILAL SHARMA,, PUNE

Appeals are partly allowed in above terms

Bench: Shri S.S.Godara, Jm & Shri Dr. Dipak P. Ripote, Am आयकर अपीऱ सं. / Ita No.2123 & 2124/Pun/2017 ननधधारण वषा / Assessment Year : 2013-14 & 2014-15

disallowance /addition as follows :- 5.3 DECISION; - I have perused the assessment order and the submission made by the appellant as above carefully. I find that the AO treated tin amount of Rs.1,64,86,847/- as appellant‟s unexplained cash credit