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

43,63,862/- for furnishing inaccurate particulars of income. 17. Being aggrieved with the above penalty order, the assessee preferred an appeal before Ld. CIT(A). After considering the submissions of the assessee, Ld. CIT(A) appeal dismissed the appeal filed by the assessee and confirmed the penalty of Rs.46,59,640/- imposed u/s 271(1

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

43,63,862/- for furnishing inaccurate particulars of income. 17. Being aggrieved with the above penalty order, the assessee preferred an appeal before Ld. CIT(A). After considering the submissions of the assessee, Ld. CIT(A) appeal dismissed the appeal filed by the assessee and confirmed the penalty of Rs.46,59,640/- imposed u/s 271(1

DCIT, CC-2(1), PUNE, PUNE vs. VINOD RAMCHANDRA JADHAV, PUNE

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

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2010-11 Dcit, Vinod Ramchandra Jadhav Central Circle 2(1), Vs. Plot No.42-44, Green Park Society, Pune Viman Nagar, Pune – 411014 Pan: Aanpj0592P (Appellant) (Respondent) Assessment Year : 2010-11 Vinod Ramchandra Jadhav Dcit, Plot No.42-44, Green Park Society, Vs. Central Circle 2(1), Pune Viman Nagar, Pune – 411014 Pan: Aanpj0592P (Appellant) (Respondent) Assessee By : Shri Kishor B Phadke Department By : Shri Ajay Kumar Keshari – Cit & Shri Arvind Desai, Addl Cit-Dr Date Of Hearing : 23-01-2025 Date Of Pronouncement : 21-04-2025 O R D E R

u/s 271(1)(c) as has been held in several cases including Rupam Mercantile Vs. DCIT [(2004) 91 ITD 237 (Ahd) (TM)] and Smt.Ramila Ratilal Shah Vs. ACIT [(1998) 60 TTJ (Ahd) 171]. The admission of substantial question of law by the Hon’ble High Court lends credence to the bona fides of the assessee in claiming deduction. Once

VINOD RAMCHANDRA JADHAV,PUNE vs. DCIT, CC-2(1), PUNE, PUNE

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

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2010-11 Dcit, Vinod Ramchandra Jadhav Central Circle 2(1), Vs. Plot No.42-44, Green Park Society, Pune Viman Nagar, Pune – 411014 Pan: Aanpj0592P (Appellant) (Respondent) Assessment Year : 2010-11 Vinod Ramchandra Jadhav Dcit, Plot No.42-44, Green Park Society, Vs. Central Circle 2(1), Pune Viman Nagar, Pune – 411014 Pan: Aanpj0592P (Appellant) (Respondent) Assessee By : Shri Kishor B Phadke Department By : Shri Ajay Kumar Keshari – Cit & Shri Arvind Desai, Addl Cit-Dr Date Of Hearing : 23-01-2025 Date Of Pronouncement : 21-04-2025 O R D E R

u/s 271(1)(c) as has been held in several cases including Rupam Mercantile Vs. DCIT [(2004) 91 ITD 237 (Ahd) (TM)] and Smt.Ramila Ratilal Shah Vs. ACIT [(1998) 60 TTJ (Ahd) 171]. The admission of substantial question of law by the Hon’ble High Court lends credence to the bona fides of the assessee in claiming deduction. Once

RAMCHANDRAUDAYSINGHJADHAVRAO,PUNE vs. ACIT, CIRCLE-3, PUNE

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

section 271(1)(c) of\nthe Act is clearly attracted in this case.\n07. From the facts of the case it has been brought on record that the assessee has\nconverted the land inherited by the assessee form capital asset to stock in trade.\nThe reply given by the assessee in his statement is reproduced below:\n\"This land

SANJAY D. KAKADE,,PUNE vs. ASSISTANT COMMISSIONER OF INCOME-TAX,, AHMEDNAGAR

In the result, all the appeals of the assessee for A

Bench: Sri D.Karunakara Rao, Am & Sri Vikas Awasthy, Jm आयकर आयकर अपील आयकर आयकर अपील अपील संसंसंसं. / Ita Nos.12 To 17/Pun/2013 अपील िनधा"रण िनधा"रण वष" िनधा"रण िनधा"रण वष" वष" / Assessment Years : 2003-04 To 2008-09 वष"

u/s 153A of the Act despite non- discovery of any incriminating materials during the search action on ITA Nos.100 to 102/PUN/2013 M/s. Kakade Construction Company the Assessee. From that point of view, the same additional income if AO were to make in assessment, the same needs to be deleted. Consequently, the penalty levied on the said sum of Rs.8

SANJAY D. KAKADE,,PUNE vs. ASSISTANT COMMISSIONER OF INCOME-TAX,, AHMEDNAGAR

In the result, all the appeals of the assessee for A

Bench: Sri D.Karunakara Rao, Am & Sri Vikas Awasthy, Jm आयकर आयकर अपील आयकर आयकर अपील अपील संसंसंसं. / Ita Nos.12 To 17/Pun/2013 अपील िनधा"रण िनधा"रण वष" िनधा"रण िनधा"रण वष" वष" / Assessment Years : 2003-04 To 2008-09 वष"

u/s 153A of the Act despite non- discovery of any incriminating materials during the search action on ITA Nos.100 to 102/PUN/2013 M/s. Kakade Construction Company the Assessee. From that point of view, the same additional income if AO were to make in assessment, the same needs to be deleted. Consequently, the penalty levied on the said sum of Rs.8

SANJAY D. KAKADE,,PUNE vs. ASSISTANT COMMISSIONER OF INCOME-TAX,, AHMEDNAGAR

In the result, all the appeals of the assessee for A

Bench: Sri D.Karunakara Rao, Am & Sri Vikas Awasthy, Jm आयकर आयकर अपील आयकर आयकर अपील अपील संसंसंसं. / Ita Nos.12 To 17/Pun/2013 अपील िनधा"रण िनधा"रण वष" िनधा"रण िनधा"रण वष" वष" / Assessment Years : 2003-04 To 2008-09 वष"

u/s 153A of the Act despite non- discovery of any incriminating materials during the search action on ITA Nos.100 to 102/PUN/2013 M/s. Kakade Construction Company the Assessee. From that point of view, the same additional income if AO were to make in assessment, the same needs to be deleted. Consequently, the penalty levied on the said sum of Rs.8

SANJAY D. KAKADE,,PUNE vs. ASSISTANT COMMISSIONER OF INCOME-TAX,, AHMEDNAGAR

In the result, all the appeals of the assessee for A

Bench: Sri D.Karunakara Rao, Am & Sri Vikas Awasthy, Jm आयकर आयकर अपील आयकर आयकर अपील अपील संसंसंसं. / Ita Nos.12 To 17/Pun/2013 अपील िनधा"रण िनधा"रण वष" िनधा"रण िनधा"रण वष" वष" / Assessment Years : 2003-04 To 2008-09 वष"

u/s 153A of the Act despite non- discovery of any incriminating materials during the search action on ITA Nos.100 to 102/PUN/2013 M/s. Kakade Construction Company the Assessee. From that point of view, the same additional income if AO were to make in assessment, the same needs to be deleted. Consequently, the penalty levied on the said sum of Rs.8

SANJAY D. KAKADE,,PUNE vs. ASSISTANT COMMISSIONER OF INCOME-TAX,, AHMEDNAGAR

In the result, all the appeals of the assessee for A

Bench: Sri D.Karunakara Rao, Am & Sri Vikas Awasthy, Jm आयकर आयकर अपील आयकर आयकर अपील अपील संसंसंसं. / Ita Nos.12 To 17/Pun/2013 अपील िनधा"रण िनधा"रण वष" िनधा"रण िनधा"रण वष" वष" / Assessment Years : 2003-04 To 2008-09 वष"

u/s 153A of the Act despite non- discovery of any incriminating materials during the search action on ITA Nos.100 to 102/PUN/2013 M/s. Kakade Construction Company the Assessee. From that point of view, the same additional income if AO were to make in assessment, the same needs to be deleted. Consequently, the penalty levied on the said sum of Rs.8

M/S KAKADE CONSTRUCTION COMPANY,PUNE vs. ACIT, PUNE

In the result, all the appeals of the assessee for A

Bench: Sri D.Karunakara Rao, Am & Sri Vikas Awasthy, Jm आयकर आयकर अपील आयकर आयकर अपील अपील संसंसंसं. / Ita Nos.12 To 17/Pun/2013 अपील िनधा"रण िनधा"रण वष" िनधा"रण िनधा"रण वष" वष" / Assessment Years : 2003-04 To 2008-09 वष"

u/s 153A of the Act despite non- discovery of any incriminating materials during the search action on ITA Nos.100 to 102/PUN/2013 M/s. Kakade Construction Company the Assessee. From that point of view, the same additional income if AO were to make in assessment, the same needs to be deleted. Consequently, the penalty levied on the said sum of Rs.8

M/S KAKADE CONSTRUCTION COMPANY,PUNE vs. ACIT, PUNE

In the result, all the appeals of the assessee for A

Bench: Sri D.Karunakara Rao, Am & Sri Vikas Awasthy, Jm आयकर आयकर अपील आयकर आयकर अपील अपील संसंसंसं. / Ita Nos.12 To 17/Pun/2013 अपील िनधा"रण िनधा"रण वष" िनधा"रण िनधा"रण वष" वष" / Assessment Years : 2003-04 To 2008-09 वष"

u/s 153A of the Act despite non- discovery of any incriminating materials during the search action on ITA Nos.100 to 102/PUN/2013 M/s. Kakade Construction Company the Assessee. From that point of view, the same additional income if AO were to make in assessment, the same needs to be deleted. Consequently, the penalty levied on the said sum of Rs.8

M/S KAKADE CONSTRUCTION COMPANY,PUNE vs. ACIT, PUNE

In the result, all the appeals of the assessee for A

Bench: Sri D.Karunakara Rao, Am & Sri Vikas Awasthy, Jm आयकर आयकर अपील आयकर आयकर अपील अपील संसंसंसं. / Ita Nos.12 To 17/Pun/2013 अपील िनधा"रण िनधा"रण वष" िनधा"रण िनधा"रण वष" वष" / Assessment Years : 2003-04 To 2008-09 वष"

u/s 153A of the Act despite non- discovery of any incriminating materials during the search action on ITA Nos.100 to 102/PUN/2013 M/s. Kakade Construction Company the Assessee. From that point of view, the same additional income if AO were to make in assessment, the same needs to be deleted. Consequently, the penalty levied on the said sum of Rs.8

AMAN CHHOTE VYAPARI SAHAKARI PATSANSTHA MARYADIT,,ICHALKRANJI vs. आयकर अधिकारी, वार्ड - 4,, ICHALKARANJI

In the result, all the three appeals of assessee are allowed on legal grounds

Bench: Shri D. Karunakara Rao & Shri S.S. Viswanethra Raviआयकर अपीऱ सं. / Ita Nos.142 To 144/Pun/2018 नििाारण वषा / Assessment Years : 2000-01, 2005-06 & 2006-07 Aman Chhote Vyapari Sahakari Patsanshta Maryadit, Gala No.61, 62 & 63, Weekly Market, Ichalkaranji. Pan: Aabta0044M .......अऩीऱाथी / Appellant बिाम / V/S. The Income Tax Officer, Ward 4, Ichalkaranji ……प्रत्यथी / Respondent Assessee By : Shri M.K. Kulkarni Revenue By : Shri S.P. Walimbe

section 132(1) of the Act was conducted in the case of assessee on 18.05.2005. Accordingly, in response to notice u/s 153A(a) of the Act, the assessee filed return of income declaring total income of Rs.32,630/- on 24.10.2005. Finally, assessment u/s 143(3) r.w.s. 153A(b) of the Act was completed on 31.12.2007 by making various additions

AMAN CHHOTE VYAPARI SAHAKARI PATSANSTHA MARYADIT,,ICHALKRANJI vs. आयकर अधिकारी, वार्ड - 4,, ICHALKARANJI

In the result, all the three appeals of assessee are allowed on legal grounds

Bench: Shri D. Karunakara Rao & Shri S.S. Viswanethra Raviआयकर अपीऱ सं. / Ita Nos.142 To 144/Pun/2018 नििाारण वषा / Assessment Years : 2000-01, 2005-06 & 2006-07 Aman Chhote Vyapari Sahakari Patsanshta Maryadit, Gala No.61, 62 & 63, Weekly Market, Ichalkaranji. Pan: Aabta0044M .......अऩीऱाथी / Appellant बिाम / V/S. The Income Tax Officer, Ward 4, Ichalkaranji ……प्रत्यथी / Respondent Assessee By : Shri M.K. Kulkarni Revenue By : Shri S.P. Walimbe

section 132(1) of the Act was conducted in the case of assessee on 18.05.2005. Accordingly, in response to notice u/s 153A(a) of the Act, the assessee filed return of income declaring total income of Rs.32,630/- on 24.10.2005. Finally, assessment u/s 143(3) r.w.s. 153A(b) of the Act was completed on 31.12.2007 by making various additions

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

section 271(1)(c)/271AAB of the Act, where the income is assessed on the basis of material seized in search & seizure action carried out u/s 132 of the Act and further such addition is buoyed by the declaration on oath u/s 131 of the Act. 3. Since the facts and solitary issue delt in these bunch of appeals

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

section 271(1)(c)/271AAB of the Act, where the income is assessed on the basis of material seized in search & seizure action carried out u/s 132 of the Act and further such addition is buoyed by the declaration on oath u/s 131 of the Act. 3. Since the facts and solitary issue delt in these bunch of appeals

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

section 271(1)(c)/271AAB of the Act, where the income is assessed on the basis of material seized in search & seizure action carried out u/s 132 of the Act and further such addition is buoyed by the declaration on oath u/s 131 of the Act. 3. Since the facts and solitary issue delt in these bunch of appeals