VEENA INDUSTRIES PVT LTD,PUNE vs. DCIT CENTRAL CIRCLE2(1), PUNE

In the result, the assessee's appeal is allowed

Bench: Shri R. K. Panda & Shri Vinay Bhamore

losses carried forward. What is relevant is whether a false claim has been made in the return of income, and in this case, there is positive evidence that the appellant's claims were unsustainable. 5.5.4 In view of the above facts, I hold that the appellant failed to substantiate its explanation, which is neither bona fide nor supported by material

VEENA INDUSTRIES PVT LTD,PUNE vs. DCIT CENTRAL CIRCLE2(1, PUNE

In the result, the assessee's appeal is allowed

Bench: Shri R. K. Panda & Shri Vinay Bhamore

losses carried forward. What is relevant is whether a false claim has been made in the return of income, and in this case, there is positive evidence that the appellant's claims were unsustainable. 5.5.4 In view of the above facts, I hold that the appellant failed to substantiate its explanation, which is neither bona fide nor supported by material

VEENA INDUSTRIES PVT LTD,PUNE vs. DCIT CENTRAL CIRCLE2(1), PUNE

In the result, the assessee's appeal is allowed

Bench: Shri R. K. Panda & Shri Vinay Bhamore

losses carried forward. What is relevant is whether a false claim has been made in the return of income, and in this case, there is positive evidence that the appellant's claims were unsustainable. 5.5.4 In view of the above facts, I hold that the appellant failed to substantiate its explanation, which is neither bona fide nor supported by material

VEENA INDUSTRIES PVT LTD,PUNE vs. DCIT CENTRAL CIRCLE2(1), PUNE

In the result, the assessee's appeal is allowed

Bench: Shri R. K. Panda & Shri Vinay Bhamore

losses carried forward. What is relevant is whether a false claim has been made in the return of income, and in this case, there is positive evidence that the appellant's claims were unsustainable. 5.5.4 In view of the above facts, I hold that the appellant failed to substantiate its explanation, which is neither bona fide nor supported by material

SHRI DATTA SHETKARI SAHAKARI SAKHAR KARKHANA LTD,KOLHAPUR vs. DCIT, CIR-1, KOLHAPUR, KOLHAPUR

In the result the appeal filed by the assessee in ITA

Bench: Shri Manish Borad & Shri Vinay Bhamoresl.

carry forwarded and unabsorbed losses to the extent of Rs.1,10,55,078/- to subsequent years. Vide order dated 30.12.2009, the Assessing Officer completed the assessment u/s 143(3) of the IT Act by determining total income at Rs.5,65,72,261/- after making additions on account of disallowance on the ground of excessive and unreasonable cane price paid

SHRI DATTA SHETKARI SAHAKARI SAKHAR KARKHANA LTD,SHIROL vs. DCIT, CIR-1, KOLHAPUR, KOLHAPUR

In the result the appeal filed by the assessee in ITA

Bench: Shri Manish Borad & Shri Vinay Bhamoresl.

carry forwarded and unabsorbed losses to the extent of Rs.1,10,55,078/- to subsequent years. Vide order dated 30.12.2009, the Assessing Officer completed the assessment u/s 143(3) of the IT Act by determining total income at Rs.5,65,72,261/- after making additions on account of disallowance on the ground of excessive and unreasonable cane price paid

SHRI DATTA SHETKARI SAHAKARI SAKHAR KARKHANA LTD,KOLHAPUR vs. DCIT, CIR-1, KOLHAPUR, KOLHAPUR

In the result the appeal filed by the assessee in ITA

Bench: Shri Manish Borad & Shri Vinay Bhamoresl.

carry forwarded and unabsorbed losses to the extent of Rs.1,10,55,078/- to subsequent years. Vide order dated 30.12.2009, the Assessing Officer completed the assessment u/s 143(3) of the IT Act by determining total income at Rs.5,65,72,261/- after making additions on account of disallowance on the ground of excessive and unreasonable cane price paid

SHRI DATTA SHETKARI SAHAKARI SAKHAR KARKHANA LTD,KOLHAPUR vs. DCIT, CIR-1, KOLHAPUR, KOLHAPUR

In the result the appeal filed by the assessee in ITA

Bench: Shri Manish Borad & Shri Vinay Bhamoresl.

carry forwarded and unabsorbed losses to the extent of Rs.1,10,55,078/- to subsequent years. Vide order dated 30.12.2009, the Assessing Officer completed the assessment u/s 143(3) of the IT Act by determining total income at Rs.5,65,72,261/- after making additions on account of disallowance on the ground of excessive and unreasonable cane price paid

SHRI DATTA SHETKARI SAHAKARI SAKHAR KARKHANA LTD,KOLHAPUR vs. DCIT, CIR-1, KOLHAPUR, KOLHAPUR

In the result the appeal filed by the assessee in ITA

Bench: Shri Manish Borad & Shri Vinay Bhamoresl.

carry forwarded and unabsorbed losses to the extent of Rs.1,10,55,078/- to subsequent years. Vide order dated 30.12.2009, the Assessing Officer completed the assessment u/s 143(3) of the IT Act by determining total income at Rs.5,65,72,261/- after making additions on account of disallowance on the ground of excessive and unreasonable cane price paid

ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(1), PUNE, PUNE vs. GIRIRAJ ENTERPRISES, PUNE

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

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2021-22

Loss Account for assessment year 2021-22. Referring to some of the sample copies of the relevant seized material, he submitted that there are notings on the seized papers containing the total number of bags sold and the total sale amount for a particular month etc. and a perusal of the seized documents would show that the rate

M/S GIRIRAJ ENTERPRISES,PUNE vs. DCIT, CC.1(1), PUNE, PUNE

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

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2021-22

Loss Account for assessment year 2021-22. Referring to some of the sample copies of the relevant seized material, he submitted that there are notings on the seized papers containing the total number of bags sold and the total sale amount for a particular month etc. and a perusal of the seized documents would show that the rate

SAKAL PAPER LTD. vs. DEPUTY COMMSSIONER OF INCOME-TAX,,

In the result, both the appeals of assessee are allowed

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपील सं. / Ita Nos.347 & 348/Pun/2015 "नधा"रण वष" / Assessment Year : 2007-08 & 2008-09 Sakal Papers Ltd., ………. अपीलाथ" / 595, Budhwar Peth, Appellant Pune – 411 002. Pan : Aaccs7605Q. बनाम V/S

carried the matter before Ld.CIT(A), who vide consolidated order dt.15.01.2015 (in appeal No.PN/CIT(A)-4/Cir.6/103/13-14) 430/09-10) granted partial relief to the assessee for A.Y. 2007-08 and dismissed the appeal of the assessee for A.Y. 2008-09. Aggrieved by the order of Ld.CIT(A), assessee and Revenue are now in appeal before us. The grounds raised by the assessee

DY.COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, AURANGABAD, AURANGABAD. vs. SHREEHARI ASSOCIATES PRIVATE LIMITED, AURANGABAD

The appeals of the REVENUE are ALLOWED

Bench: Hon’Ble Shri G. D. Padmahshali & Hon’Ble Shri Vinay Bhamore

carried on the assessee group on 21/08/2018 it revealed that, the assessee had sub-contracted certain projects/contracts to twelve sub-contractors for total sub-contracted price/value of ₹96,82,03,013/- which were spread-over more than one year. The demographical subcontract-wise details and subcontract value were provided in answer to question 27 of the statement

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, AURANAGBAD., AURANGABAD. vs. SHREEHARI ASSOCIATES PVT LTD, AURANGABAD.

The appeals of the REVENUE are ALLOWED

Bench: Hon’Ble Shri G. D. Padmahshali & Hon’Ble Shri Vinay Bhamore

carried on the assessee group on 21/08/2018 it revealed that, the assessee had sub-contracted certain projects/contracts to twelve sub-contractors for total sub-contracted price/value of ₹96,82,03,013/- which were spread-over more than one year. The demographical subcontract-wise details and subcontract value were provided in answer to question 27 of the statement

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, AURANGABAD, AURANGABAD vs. SHREEHARI ASSOCIATES PVT LTD, AURANGABAD

The appeals of the REVENUE are ALLOWED

Bench: Hon’Ble Shri G. D. Padmahshali & Hon’Ble Shri Vinay Bhamore

carried on the assessee group on 21/08/2018 it revealed that, the assessee had sub-contracted certain projects/contracts to twelve sub-contractors for total sub-contracted price/value of ₹96,82,03,013/- which were spread-over more than one year. The demographical subcontract-wise details and subcontract value were provided in answer to question 27 of the statement

ASTER PREMISES PVT.LTD,,PUNE vs. JOINT COMMISSIONER OF INCOME-TAX, (OSD), CIRCLE -1(1),, PUNE

In the result, the appeal of assessee is allowed

Bench: Shri S.S. Viswanethra Ravi & Shri G.D. Padmahshali

carry forward long term capital loss being wrong claim. At the same time, the AO held that the assessee furnished inaccurate particulars of income vide its order dated 30-10-2015 passed u/s. 143(3) of the Act. 5. In pursuance of said finding the AO initiated penalty proceedings u/s. 271

DCIT CIRCLE-7, PUNE vs. THAKUR HASARAM MULCHANDANI, PUNE

Appeal is dismissed in above terms

Bench: Shri S. S. Godara & Shri Dr. Dipak P. Ripoteआयकर अपील सं. / Ita No.55/Pun/2020 िनधा"रण वष" / Assessment Year: 2015-16 Dcit, Circle-7, Pune. Vs. Thakur Hasaram Mulchandani, Flat No.1, Building No.1, Sukhasagar Terrace, Sadhu Vaswani Chowk, Opp. Gpo, Pune- 411001. Pan : Aaxpm9871G Appellant Respondent Revenue By : Shri Arvind Desai Assessee By : Shri Hari Krishan Date Of Hearing : 13.06.2022 Date Of Pronouncement : 20.06.2022 आदेश / Order Per S. S. Godara, Jm: This Revenue’S Appeal For Assessment Year 2015-16 Arises Against The Cit(A)-5, Pune’S Order Dated 15.10.2019 Passed In Case No. Pn/Cit(A)-5/Dcit, Cir. 7, Pune/10020/2018-19 Involving Proceedings U/S 271(1)(C) Of The Income Tax Act, 1961; In Short The Act. Heard Both The Parties. Case Files Perused. 2. The Revenue’S Sole Substantive Grievance Raised Herein Challenges Correctness Of The Cit(A)’S Action Reversing The Penalty

loss carried forward has been reflected by the assessee to the tune of Rs. 33,69,239/-. Non filing of revised return is hypothetical assumption by the Department that the assessee intends to conceal the income which is however not demonstrated by any evidence on record. Hence this cannot be accepted. Once penalty has been imposed for furnishing inaccurate particulars

SHRI DATTA SHETKARI SAHAKARI SAKHAR KARKHANA LTD,KOLHAPUR vs. DCIT, CIR-1, KOLHAPUR, KOLHAPUR

In the result the appeal filed by the assessee in ITA\nNo

penalty u/s 271(1)(c) of Rs.68,32,010/-\nwithout appreciating the facts of the case, and the fact that all\nthe material facts regarding the issue of sale of sugar at\nconcessional rate to members, are part of the record before Ld.\nAO, and the issue of allowability is highly debatable issue, in\nview of the same your appellant

SHRI DATTA SHETKARI SAHAKARI SAKHAR KARKHANA LTD,KOLHAPUR vs. DCIT, CIR-1, KOLHAPUR, KOLHAPUR

In the result the appeal filed by the assessee in ITA\nNo

penalty u/s 271(1)(c) of Rs.68,32,010/-\nwithout appreciating the facts of the case, and the fact that all\nthe material facts regarding the issue of sale of sugar at\nconcessional rate to members, are part of the record before Ld.\nAO, and the issue of allowability is highly debatable issue, in\nview of the same your appellant