SUNIL RAMNARAYAN MANTRI,JALGAON vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1,JALGAON, JALGAON

In the result, the appeals of the assessee for both the AYs 206-17

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

house property’. Accordingly, the Ld. AO completed the assessment for AY 2016- 17 on 26.12.2018 and for AY 2017-18 on 15.12.2019 on total income of Rs.2,15,53,035/- and Rs.96,15,704/- u/s 143(3) of the Act including therein the impugned addition of Rs.52,83,945/-, respectively. 4. Aggrieved, the assessee filed appeal before

SUNIL RAMNARAYAN MANTIR,JALGAON vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1, JALGAON, JALGAON

In the result, the appeals of the assessee for both the AYs 206-17

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

house property’. Accordingly, the Ld. AO completed the assessment for AY 2016- 17 on 26.12.2018 and for AY 2017-18 on 15.12.2019 on total income of Rs.2,15,53,035/- and Rs.96,15,704/- u/s 143(3) of the Act including therein the impugned addition of Rs.52,83,945/-, respectively. 4. Aggrieved, the assessee filed appeal before

SATISH PANDURANG PAWAR,NASHIK vs. INCOME TAX OFFICER ITO WARD 2(1),NASHIK/, NASHIK

In the result, appeal of the assessee is allowed

Bench: Shri S.S.Godara & Dr. Dipak P. Ripoteआयकर अपील सं. / Ita No’S.361 & 362/Pun/2023 िनधा"रण वष" / Assessment Years : 2017-18 & 2018-19 Satish Pandurang Pawar, The Income Tax Officer, 602, Royal Orchid, Near Indian Vs Ward-2(1), Nashik. Oil Petrol Pump, Katraj Bypass, Ambegaon, Pune – 411046. Pan: Abfpp 1207 Q Appellant / Assessee Respondent / Revenue Assessee By Shri Yogesh Gawali – Ar Revenue By Shri M.G.Jasnani – Dr Date Of Hearing 03/05/2023 Date Of Pronouncement 05/07/2023 आदेश/ Order Per Dr. Dipak P. Ripote, Am: These Two Appeals Filed By The Assessee Are Directed Against The Separate Orders Of Ld.Commissioner Of Income Tax (Appeal)National Faceless Appeal Centre, Delhi Both Dated 27.02.2023 Emanating From The Penalty Order Dated 19.01.2022 & 18.01.2022 Under Section 270A Of The Income Tax Act, 1961 For The A.Y.2017-18 & 2018-19 Respectively. The Assessee For A.Y.2017- 18 Has Raised The Following Grounds Of Appeal: “1. The Learned Cit Is Not Justified In Raising Penalty U/S 270A Of Rs.1,57,400/- On The Ground That The Assesses Has Furnish

section 270A of the Income Tax Act, 1961 for the A.Y.2017-18 & 2018-19 respectively. The Assessee for A.Y.2017- 18 has raised the following grounds of appeal: “1. The learned CIT is not justified in raising penalty u/s 270A of Rs.1,57,400/- on the ground that the assesses has furnish ITA No.361 & 362/PUN/2023 Satish Pandurang Pawar [A] inaccurate particulars

SATISH PANDURANG PAWAR,NASHIK vs. INCOME TAX OFFICER ITO WARD 2(1),NASHIK/, NASHIK

In the result, appeal of the assessee is allowed

Bench: Shri S.S.Godara & Dr. Dipak P. Ripoteआयकर अपील सं. / Ita No’S.361 & 362/Pun/2023 िनधा"रण वष" / Assessment Years : 2017-18 & 2018-19 Satish Pandurang Pawar, The Income Tax Officer, 602, Royal Orchid, Near Indian Vs Ward-2(1), Nashik. Oil Petrol Pump, Katraj Bypass, Ambegaon, Pune – 411046. Pan: Abfpp 1207 Q Appellant / Assessee Respondent / Revenue Assessee By Shri Yogesh Gawali – Ar Revenue By Shri M.G.Jasnani – Dr Date Of Hearing 03/05/2023 Date Of Pronouncement 05/07/2023 आदेश/ Order Per Dr. Dipak P. Ripote, Am: These Two Appeals Filed By The Assessee Are Directed Against The Separate Orders Of Ld.Commissioner Of Income Tax (Appeal)National Faceless Appeal Centre, Delhi Both Dated 27.02.2023 Emanating From The Penalty Order Dated 19.01.2022 & 18.01.2022 Under Section 270A Of The Income Tax Act, 1961 For The A.Y.2017-18 & 2018-19 Respectively. The Assessee For A.Y.2017- 18 Has Raised The Following Grounds Of Appeal: “1. The Learned Cit Is Not Justified In Raising Penalty U/S 270A Of Rs.1,57,400/- On The Ground That The Assesses Has Furnish

section 270A of the Income Tax Act, 1961 for the A.Y.2017-18 & 2018-19 respectively. The Assessee for A.Y.2017- 18 has raised the following grounds of appeal: “1. The learned CIT is not justified in raising penalty u/s 270A of Rs.1,57,400/- on the ground that the assesses has furnish ITA No.361 & 362/PUN/2023 Satish Pandurang Pawar [A] inaccurate particulars

M/S KIRAN SANRAN ASSOCIATES,PUNE vs. PRINCIPAL COMMISSIONER OF INCOME TAX (CENTRAL), PUNE, PUNE

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

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

Housing Finance Ltd. vs. PCIT, 161 Taxmann.com 213 iv) Malabar Industrial Co Ltd. vs. CIT, 109 Taxmann 66 v) PCIT vs. Clix Finance India P Ltd., 160 taxmann.com 357 vi) PCIT vs. SPPL Property Management (P) Ltd., 151 taxmann.com 103 vii) PCIT vs. Delhi Airport Metro Express P Ltd., 398 ITR 08 viii) Nipro India Corporation Pvt Ltd vs PCIT

DEPUTY COMMISSIONER OF INCOME TAX CIRCLE 7 PUNE, PUNE vs. KOLTE PATIL INTEGRATED TOWNSHIPS LIMITED, PUNE

In the result, both the appeals filed by the Revenue are dismissed

house property.\n3.\nSubsequently, the Assessing Officer reopened the case as per the provisions\nof section 147 by issuing notice u/s 148A(d) of the Act on 25.07.2022 by recording\nas under:\n\"GOVERNMENT OF INDIA\nMINISTRY OF FINANCE\nINCOME TAX DEPARTMENT\nOFFICE OF THE ASSISTANT\nCOMMISSIONER OF INCOME TAX\nCIRCLE 7, PUNE\nTo\nKOLTE-PATIL\nLIMITED\nINTEGRATED\nTOWNSHIPS\nSURVEY

INCOME TAX OFFICER, WARD-1(1), NASHIK, NASHIK vs. MICO EMPLOYEES CREDIT COOP SOCIETY LTD., NASHIK

In the result, the appeal of the Revenue is dismissed

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

160 Taxmann 48 (SC), whereinthe Apex Court held that the investments made by banking concerns are part of the business of banking. Therefore the Income arising from such investment is attributable to the business of banking falling under the head of ‘ Profits and Gains of Business and Profession’ 2. Assessee Society would also like to bring to your honors notice

ACIT, CENTRAL CIRCLE-1, NASHIK, NASHIK vs. RAJENDRA RASIKLAL SHAH, NASHIK

In the result, the appeal of the Revenue is dismissed

160/-. Case processed u/s.143(1) of the Act. Thereafter, based on the information that the assessee along with 5 other persons have entered into an Agreement to purchase an immovable property for a consideration of Rs.72.00 lakh which\n2\nITA No.1016/PUN/2024\nRajendra Rasiklal Shah\nwas registered under Amnesty Scheme on 06.02.2016, the value of the property

MUSLIM EDUCATION SOCIETY,RATNAGIRI vs. INCOME TAX OFFICER, KOLHAPUR

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

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

houses under private management or by the other ways best adapted to the wants of people according to Government rules and regulations so far as these affect a recognized or aided school. For AY 2020-21, the assessee trust filed its return of income on 28.03.2021 declaring total income at Rs. Nil and claiming exemption

RUHI KHALID PARWANI,PUNE vs. ITO WARD 14(3) PUNE, PUNE

The appeal is ALLOWED FOR STATISTICAL PURPOSE

Bench: Hon’Ble Smt. Astha Chandra & Shri G. D. Padmahshaliआयकर अपऩल सं. / Ita No. 1553/Pun/2024 निर्धारण वषा / Assessment Year : 2014-15 Ruhi Khalid Parwani 9, Meher House, Kahun Rd., Camp, Pune-411001 Pan : Aovpp5464Q . . . . . . . अपीलार्थी / Appellant

property sale transactions entered/executed by the assessee and denying the exemption claimed thereagainst has assessed the total income of the assessee at ₹2,54,15,043/- as against the returned income on account of solitary addition made towards long term capital gain of ₹2,48,65,883/- and accordingly framed the assessment u/s 143(3) r.w.s. 147 r.w.s.144B

MEENAMANI GANGA BUILDER LLP,PUNE vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(3), PUNE

In the result, all the three appeals filed by the assessee are partly allowed

Housing Pvt. Ltd., Shree Balaji Realty, Shri\nSiddhivinayak Developers, Meenamani Ganga Builder LLP, Ganraj Homes\nLLP, Shree Balaji Associates, Goel Properties, Kappa Realtors LLP on\n12/01/2019.\nStatement commenced on 12/01/2019 at 08:30 PM.\nOATH ADMINISTERED\n\"I swear in the name of God that I will speak truth, only truth and nothing but\nthe truth. I further confirm that

MEENAMANI GANGA BUILDER LL,PUNE vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(3), PUNE

In the result, all the three appeals filed by the assessee are partly allowed

Housing Pvt. Ltd., Shree Balaji Realty, Shri\nSiddhivinayak Developers, Meenamani Ganga Builder LLP, Ganraj Homes\nLLP, Shree Balaji Associates, Goel Properties, Kappa Realtors LLP on\n12/01/2019.\nStatement commenced on 12/01/2019 at 08:30 PM.\nOATH ADMINISTERED\n\"I swear in the name of God that I will speak truth, only truth and nothing but\nthe truth. I further confirm that

SHREE BALAJI REALTY,PUNE vs. INCOME TAX, CENTRAL CIRCLE 2(3), PUNE, PUNE

In the result, appeals for assessment years 2017-18 and 2018-19 are allowed and the appeal for assessment year 2019-20 is partly allowed

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

Housing Pvt. Ltd., Shree Balaji Realty, Shri Siddhivinayak Developers, Meenamani Ganga Builder LLP, Ganraj Homes LLP, Shree Balaji Associates, Goel Properties, Kappa Realtors LLP on 12/01/2019. Statement commenced on 12/01/2019 at 08:30 PM. OATH ADMINISTERED "I swear in the name of God that I will speak truth, only truth and nothing but the truth. I further confirm that

SHREE BALAJI REALTY ,PUNE vs. INCOME TAX, CENTRAL CIRCLE 2(3), PUNE , PUNE

In the result, appeals for

Housing Pvt. Ltd., Shree Balaji Realty, Shri\nSiddhivinayak Developers, Meenamani Ganga Builder LLP, Ganraj Homes\nLLP, Shree Balaji Associates, Goel Properties, Kappa Realtors LLP on\n12/01/2019.\nStatement commenced on 12/01/2019 at 08:30 PM.\nOATH ADMINISTERED\n\"I swear in the name of God that I will speak truth, only truth and nothing but\nthe truth. I further confirm that

SHREE BALAJI REALTY ,PUNE vs. INCOME TAX, CENTRAL CIRCLE 2(3), PUNE , PUNE

Housing Pvt. Ltd., Shree Balaji Realty, Shri\nSiddhivinayak Developers, Meenamani Ganga Builder LLP, Ganraj Homes\nLLP, Shree Balaji Associates, Goel Properties, Kappa Realtors LLP on\n12/01/2019.\nStatement commenced on 12/01/2019 at 08:30 PM.\nOATH ADMINISTERED\n\"I swear in the name of God that I will speak truth, only truth and nothing but\nthe truth. I further confirm that

MEENAMANI GANGA BUILDER LLP,PUNE vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(3), PUNE

In the result, all the three appeals filed by the assessee are partly allowed

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

Housing Pvt. Ltd., Shree Balaji Realty, Shri Siddhivinayak Developers, Meenamani Ganga Builder LLP, Ganraj Homes LLP, Shree Balaji Associates, Goel Properties, Kappa Realtors LLP on 12/01/2019. Statement commenced on 12/01/2019 at 08:30 PM. OATH ADMINISTERED "I swear in the name of God that I will speak truth, only truth and nothing but the truth. I further confirm that

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

160 taxmann.com 608 (SC). In that case,\nthe assessing officer made additions undersections 68 and 69 by relying on\nstatements from 'entry operators', by rejectingthe assessee's revised return claiming\nexemption under section 10(38) for long-term capital gains. On appeal,\nCommissioner (Appeals) accepted assessee's claim, noting that shares were\npurchased via Account Payee Cheques, held

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

160 taxmann.com 608 (SC). In that case,\nthe assessing officer made additions undersections 68 and 69 by relying on\nstatements from 'entry operators', by rejectingthe assessee's revised return claiming\nexemption under section 10(38) for long-term capital gains. On appeal,\nCommissioner (Appeals) accepted assessee's claim, noting that shares were\npurchased via Account Payee Cheques, held