SHIVAJI VISHNU CHAVAN,PUNE vs. UITO WARD-5(4), PUNE, PUNE
In the result, appeal of the assessee is allowed
ITA 1143/PUN/2025[2011-12]Status: DisposedITAT Pune13 Aug 2025AY 2011-12
Bench: Dr.Dipak P. Ripote & Shri Vinay Bhamoreआयकर अपील सं. / Ita No.1143/Pun/2025 िनधा"रण वष" / Assessment Year: 2011-12 Shivaji Vishnu Chavan, V The Income Tax Officer, Gomukh, 92/2, Gangtok, S Ward-5(4), Pune. Narsapur, Pune – 411004. Maharashtra. Pan: Aaspc1061B Appellant/ Assessee Respondent / Revenue Assessee By Shri Pramod S Shingte – Ar Revenue By Shri Arvind Renge – Addl.Cit(Dr) Date Of Hearing 31/07/2025 Date Of Pronouncement 13/08/2025 आदेश/ Order Per Dr. Dipak P. Ripote, Am: This Is An Appeal Filed By The Assessee Shivaji Vishnu Chavan In Form No.36 Against The Order Of Ld.Commissioner Of Income Tax(Appeal)[Nfac] Passed Under Section 250 Of The Act, Dated 31.05.2024 For The A.Y.2011-12 Emanating From Assessment Order U/S.147 R.W.S 144 Of The Income Tax Act, 1961 For A.Y.2011-12, Dated 12.12.2018. The Assessee Has Raised The Following Grounds Of Appeal :
Section 147Section 148Section 250Section 274Section 50CSection 68
section 50C of the Income tax Act, 1961. Hence, assessee’s share of Rs.5,42,000 is treated as his income of the year under the head Income from capital gain and unexplained money u/s.
68 of the Act and brought to tax . Penalty proceedings u/s. 274 r.w.s.
271(l)(c ) of the Act has been initiated separately by issuing
