SATISH VISHNU THOMBARE, INCOME TAX OFFICER, WARD-1, AHMEDNAGAR, AHMEDNAGAR vs. VARSHA PRAFULLA ZENDE, AHMEDNAGAR

In the result, the appeal of the Revenue is dismissed

Bench: Shri R.K. Panda & Ms. Astha Chandraआयकर अपील सं. / Ita No.1656/Pun/2024 धििाारण वर्ा / Assessment Year : 2010-11 Satish Vishnu Thombare, Varsha Prafulla Zende, Income Tax Officer, Prop Of Bleach Chem Enterprises, Ward-1, Ahmednagar Vs. Industrial Estate, Shrirampur, Maharashtra-413709 Pan : Aabpz2541C अपीलार्थी / Appellant प्रत्यर्थी / Respondent Assessee By : Miss Shivani Shah (Virtual) Department By : Shri Akhilesh Srivastva Date Of Hearing : 06-08-2025 Date Of 29-10-2025 Pronouncement : आदेश / Order

business of supply of chemicals. For AY 2010-11, the assessee had filed her original return of income on 17.09.2010 declaring total income at Rs.8,95,759/-. A search and seizure action u/s 132(1) of the Income Tax Act, 1961 (the “Act”) was conducted on 02.07.2013 in the case of one, Shri Anand Kumar Sharma. The Ld. Assessing Officer

TEJAS SHIVAJI ADSUL,KOLHAPUR vs. INCOME TAX OFFICER WARD 1(1), KOLHAPUR, KOLHAPUR

In the result, appeal of the assessee is allowed

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

business of agriculture. For A.Y. 2018- 19, the assessee did not file his return of income. The case of the assessee was reopened u/s 147 of the Income Tax Act, 1961 (the “Act”) by issue of notice u/s 148 on account of the sale of immovable property worth Rs. 80,00,000/- In response to the notice

BAJAJ HOUSING FINANCE LIMITED,PUNE vs. ITO, WARD-8(1), PUNE, PUNE

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

Bench: Dr.Manish Borad

reassessed has the effect of reducing the loss or converting such loss into income. 11. The assessees case would fall only in clause (g) of Section 270A(2) of the Act as the ultimate assessment had the effect of reducing the loss retuned by the assessee. It was further pointed out that under reporting of income has got certain exceptions

CAPGEMINI TECHNOLOGY SERVICES INDIA LIMITED ( SUCCESSOR OF ARICENT TECHNOLOGIES HOLDINGS LIMITED),PUNE vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE 1(1), PUNE, PUNE

In the result, the appeal of the assessee is allowed

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

business income, was enacted and came into force by the Finance Act, 2022-23, the assessee withdrew its claim of deduction of health and education cess in the subject AY 2020-21 amounting to Rs.5,34,01,866/- (pages 187 and 235 of the paper book refers). 5.1 Referring to the amended provisions inserted with Finance

ASHOK DHANRAJ CHORDIA ,PUNE vs. PCIT, PUNE-1, PUNE

reassess the income of the petitioner under Section 147 of the Act.\n13. As clearly seen from the record, to which, we have made a reference in the\naforesaid paragraphs, it appears to be quite clear that there was a search and\nseizure action on 4 October, 2018 on the business

DEPUTY COMMISSIONER OF INCOME TAX, NASHIK vs. CHAKRAHAR CONTRACTORS AND ENGINEERS PRIVATE LIMITED, JALGAON

In the result, both the appeals of the Revenue are

Bench: Shri Rama Kanta Panda & Shri Vinay Bhamore

business of construction. It filed it’s return of income on 13.02.2021 declaring total income of Rs.23,83,97,010/-. The return was processed u/s.143(1)(a) on 21.06.2021 determining the total income of the assessee at Rs.23,84,93,182/-. Subsequently, the case was selected for complete scrutiny under CASS to examine the following issues: (i) Default

DEPUTY COMMISSIONER OF INCOME TAX, NASHIK vs. CHAKRADHAR CONTRACTORS AND ENGINEERS PRIVATE LIMITED, JALGAON

In the result, both the appeals of the Revenue are

Bench: Shri Rama Kanta Panda & Shri Vinay Bhamore

business of construction. It filed it’s return of income on 13.02.2021 declaring total income of Rs.23,83,97,010/-. The return was processed u/s.143(1)(a) on 21.06.2021 determining the total income of the assessee at Rs.23,84,93,182/-. Subsequently, the case was selected for complete scrutiny under CASS to examine the following issues: (i) Default

M/S MANILAL P. SAVLA & COMPANY,PUNE vs. ACIT, CIRCLE 5, PUNE

In the result, the appeal of the assessee is allowed

income or profits which can be said to have accrued,\narisen or received after the discontinuance of such business or dissolution\nof the firm.\n9. In the instant case, undisputedly the assessee firm was dissolved on\n31.08.2012 and there is nothing on record to show that any business\ntransaction has been carried out after its dissolution. The assessment order\nhas

DCIT CIRCLE 1 NASHIK, NASHIK vs. SHREE SAI PROPERTIES, NASHIK

In the result, appeal of the Revenue is dismissed

Bench: Dr. Manish Borad & Shri Vinay Bhamore

business of land development at Nashik. Regular assessment proceedings u/s.143(3) stands completed on 16.12.2016 for the year under appeal accepting the returned income. The search on the Kokani Group of Nashik conducted u/s.132 of the Act on 08.09.2015 and various incriminating material were found and seized. The one referred by ld. AO for carrying out the reassessment

RAJENDRA CHANDRAKANT CHINCHNIKAR,PUNE vs. CIT(A)-11, PUNE

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

Bench: Justice (Retd.) C V Bhadang & Shri R. K. Pandaassessment Year : 2019-20 Rajendra Chandrakant Chinchnikar Acit, Central Circle, 2165, B Ward, Koshti Galli, Vs. Kolhapur Mangalwar Peth, Pune – 416012 Pan: Acppc3559D (Appellant) (Respondent) Assessee By : Shri Tanzil Padvekar Department By : Shri Milind Debaje, Jcit Date Of Hearing : 25-08-2025 Date Of Pronouncement : 29-09-2025 O R D E R Per R.K. Panda, Vp:

business premises of the assessee from 5th to 7th February, 2020 during which certain registers were impounded containing the undisclosed professional receipts according to which such undisclosed receipts for the year under consideration were Rs.49,64,120/-. When confronted the assessee admitted that the receipts contained in the said registers are not recorded in the books of account and kept

M/S MANILAL P. SAVLA & COMPANY,PUNE vs. ACIT, CIRCLE 5 , PUNE

In the result, the appeal of the assessee is allowed

income or profits which can be said to have accrued,\narisen or received after the discontinuance of such business or dissolution\nof the firm.\n9. In the instant case, undisputedly the assessee firm was dissolved on\n31.08.2012 and there is nothing on record to show that any business\ntransaction has been carried out after its dissolution. The assessment order\nhas

M/S LORGAN LIFESTYLE LTD.,PUNE vs. ITO, WARD14(4), PUNE, PUNE

In the result, appeal of the assessee is allowed as per terms indicated above

Bench: Dr.Manish Borad & Ms.Astha Chandra

business. Owing to these financial difficulties, the company does not have any administrative team who can keep a track of the status of the appeal filed by it. The Appellant company came to know about the order passed by the CIT, Appeals only on receipt messages from Income Tax Department to avail Vivad Se Vishwas Scheme (VSVS) in December

MAHATMA GANDHI NAGRI SAHAKARI PAT SANSTHA MYDT UDGIR,LATUR vs. INCOME TAX OFFICER- WARD 1 -LATUR, LATUR

In the result, the appeal of the assessee is allowed

Income Tax\nAct, as not admissible being interest received on FDR's from the\ncooperative banks and nationalized banks.\n(v) lt is hence seen that this question of law is almost the same\nquestion of law, which is to be answered in impugned appeal. To be\nmore specific and precise, here the issue is only of deposit of surplus

PRASAD RAMCHANDRA PATIL,URAN, PANVEL vs. ITO - WARD 3, PANVEL, PANVEL

Accordingly, the grounds raised by the assessee are allowed for statistical purposes

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

business receipts of the assessee. Considering the totality of the facts and in the circumstances of the case, in our view, adoption of the profit rate of 10% on the total deposits in the bank account will meet the ends of justice. The Ld. AO is accordingly directed to modify the assessment and estimate the income of the assessee

PRASAD RAMCHANDRA PATIL,URAN, PANVEL vs. ITO WARD 3, PANVEL, PANVEL

Accordingly, the grounds raised by the assessee are allowed for statistical purposes

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

business receipts of the assessee. Considering the totality of the facts and in the circumstances of the case, in our view, adoption of the profit rate of 10% on the total deposits in the bank account will meet the ends of justice. The Ld. AO is accordingly directed to modify the assessment and estimate the income of the assessee

PRASAD RAMCHANDRA PATIL,URAN, PANVEL vs. ITO WARD 3, PANVEL, PANVEL

Accordingly, the grounds raised by the assessee are allowed for statistical purposes

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

business receipts of the assessee. Considering the totality of the facts and in the circumstances of the case, in our view, adoption of the profit rate of 10% on the total deposits in the bank account will meet the ends of justice. The Ld. AO is accordingly directed to modify the assessment and estimate the income of the assessee

SUNANDA CONSTRUCTIONS,PUNE vs. DCIT, CENTRAL CIRCLE 2(2), PUNE, PUNE

In the result, both the appeals filed by the assessee are allowed

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

business activity of builder and developer under the name and style of "Prithvi Suidera". The assessee has filled return of income for A.Y. 2013-14 on 31/07/2013, declaring total income of Rs. 2,59,310/-. No regular assessment was done in this case. 2. Brief details of information collected/received by the AO: A search and seizure u/s 132 of Income

SUNAND CONSTRUCTIONS,PUNE vs. DCIT CENTRAL CIRCLE 2(2), PUNE, PUNE

In the result, both the appeals filed by the assessee are allowed

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

business activity of builder and developer under the name and style of "Prithvi Suidera". The assessee has filled return of income for A.Y. 2013-14 on 31/07/2013, declaring total income of Rs. 2,59,310/-. No regular assessment was done in this case. 2. Brief details of information collected/received by the AO: A search and seizure u/s 132 of Income

MARATHA SEVA SANGH SANCHLIT DHULE DIST NAGARI SAHAKARI PATSANSTHA LTD,DHULE vs. ASSESSMENT UNIT, ITD, DELHI

In the result, appeal of the assessee is allowed

Bench: Ms.Astha Chandra & Dr.Dipak P. Ripoteआयकर अपऩल सं. / Ita No.2183/Pun/2025 निर्धारण वषा / Assessment Year: 2015-16 Maratha Seva Sangh Sanchlit V Assessment Unit, Dhule Dist Nagari Sahakari S Itd. Patsanstha Ltd., Plot No.148, Chudamani, Jay Hind Colony, Deopur Dhule, Dhule – 424002. Pan: Aactm4087D Appellant/ Assessee Respondent / Revenue Assessee By Shri Sharad A Shah Revenue By Shri Pawan Bharti (Virtual Hearing) Date Of Hearing 13/11/2025 Date Of Pronouncement 14/11/2025 आदेश/ Order Per Dr. Dipak P. Ripote, Am: This Is An Appeal Filed By The Assessee Against The Order Of Ld.Commissioner Of Income Tax(Appeal)[Nfac] Passed Under Section 250 Of The Income Tax Act, 1961 For The A.Y.2015-16 Dated 23.07.2025 Emanating From The Assessment Order Passed Under Section 147 R.W.S 144B Of The Act, Dated 21.02.2024. The Assessee Has Raised The Following Grounds Of Appeal :

income of Rs.2,09,173/-which is far less than Rs.50,00,000/-. GROUND NO.2 :- On the facts, circumstances and position of law, the learned A.O. erred in making various additions of Rs.2,09,173/-on account of disallowance of interest from nationalized bank & co- operative bank which are other than the information on the basis of which notice u/s.148A