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

long term capital\ngain to which the assessee has replied and thereafter the Assessing Officer has\npassed the order u/s 143(3) r.w.s.153B of the Act accepting such exempt long term\ncapital gain. Therefore, the assessment in our opinion could not have been\nreopened u/s 148 of the Act for the same transaction in absence of any fresh\ntangible material

JAIBHAGWAN BANARASIDAS JINDAL,JALNA vs. THE INCOME TAX OFFICER, WARD-1, JALNA

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

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2016-17

long term capital gain / loss by received cash, This traded value was found suspicious and detailed investigation of this issue was undertaken by the DDIT (Inv). The information has been analysed and examined it has been found that Yamini Investment Co Ltd. (YICL) is a penny stock company wherein prices are artificially moved in a desired/required direction on time

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

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

gains from sale of shares of the penny stock company namely, PFLIL and made addition of Rs.7,68,24,174/- to the total income of the assessee. The Assessing Officer also made the consequential addition on account of commission paid for acquiring the accommodation entries of Rs.23,04,725/- u/s 69C being commission paid @ 3% of such bogus LTCG

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

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

gains from sale of shares of the penny stock company namely, PFLIL and made addition of Rs.7,68,24,174/- to the total income of the assessee. The Assessing Officer also made the consequential addition on account of commission paid for acquiring the accommodation entries of Rs.23,04,725/- u/s 69C being commission paid @ 3% of such bogus LTCG

DEPUTY COMMISSIONER OF INCOME TAX, JALGAON vs. TARADEVI RATANLAL BAFNA, JALGAON

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

gains from sale of shares of the penny stock company namely, PFLIL and made addition of Rs.7,68,24,174/- to the total income of the assessee. The Assessing Officer also made the consequential addition on account of commission paid for acquiring the accommodation entries of Rs.23,04,725/- u/s 69C being commission paid @ 3% of such bogus LTCG

ASHOK VIJAYKUMAR KOTECHA,JALGAON vs. ACIT, CIRCLE 1, JALGAON, JALGAON

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

Bench: Shri R. K. Panda & Shri Vinay Bhamoreassessment Year : 2011-12

long term capital gain claimed as exempt by the assessee u/s 10(38) of the Act as bogus. The Assessing Officer further made addition of Rs.9,15,732/- u/s 69C of the Act being the commission paid in cash for arranging such accommodation entries which has not been recorded in the books of account. Thus, the Assessing Officer determined

INCOME TAX OFFICER, WARD-1, JALNA, JALNA vs. OMPRAKASH ASARAM MANTRI, JALNA

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

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

Long Term Capital Gains on Sale of Share is credited to Capital Account, the Details are as under: Α.Υ. 2011-12 LTCG of Rs.1,44,35,357/- Α.Υ. 2012-13 LTCG of Rs.93,82,427/- Please give the details of Capital Gains Earned by him i.e. Name of Asset, Date of Purchase, Cost of Purchase, Date of Sale

INCOME TAX OFFICER, WARD-1, JALNA, JALNA vs. ATUL OMPRAKASH MANTRI, JALNA

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

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

Long Term Capital Gains on Sale of Share is credited to Capital Account, the Details are as under: Α.Υ. 2011-12 LTCG of Rs.1,44,35,357/- Α.Υ. 2012-13 LTCG of Rs.93,82,427/- Please give the details of Capital Gains Earned by him i.e. Name of Asset, Date of Purchase, Cost of Purchase, Date of Sale

INCOME TAX OFFICER, WARD-1, JALNA, JALNA vs. OMPRAKASH ASARAM MANTRI, JALNA

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

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

Long Term Capital Gains on Sale of Share is credited to Capital Account, the Details are as under: Α.Υ. 2011-12 LTCG of Rs.1,44,35,357/- Α.Υ. 2012-13 LTCG of Rs.93,82,427/- Please give the details of Capital Gains Earned by him i.e. Name of Asset, Date of Purchase, Cost of Purchase, Date of Sale

INCOME TAX OFFICER, WARD -1, JALNA, JALNA vs. PRAMILA OMPRAKASH MANTRI, JALNA

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

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

Long Term Capital Gains on Sale of Share is credited to Capital Account, the Details are as under: Α.Υ. 2011-12 LTCG of Rs.1,44,35,357/- Α.Υ. 2012-13 LTCG of Rs.93,82,427/- Please give the details of Capital Gains Earned by him i.e. Name of Asset, Date of Purchase, Cost of Purchase, Date of Sale

INCOME TAX OFFICER, WARD-1, JALNA, JALNA vs. PRAMILA OMPRAKASH MANTRI, JALNA

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

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

Long Term Capital Gains on Sale of Share is credited to Capital Account, the Details are as under: Α.Υ. 2011-12 LTCG of Rs.1,44,35,357/- Α.Υ. 2012-13 LTCG of Rs.93,82,427/- Please give the details of Capital Gains Earned by him i.e. Name of Asset, Date of Purchase, Cost of Purchase, Date of Sale

INCOME TAX OFFICER, WARD-1, JALNA, JALNA vs. ATUL OMPRAKASH MANTRI, JALNA

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

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

Long Term Capital Gains on Sale of Share is credited to Capital Account, the Details are as under: Α.Υ. 2011-12 LTCG of Rs.1,44,35,357/- Α.Υ. 2012-13 LTCG of Rs.93,82,427/- Please give the details of Capital Gains Earned by him i.e. Name of Asset, Date of Purchase, Cost of Purchase, Date of Sale

INCOME TAX OFFICER, WARD-1, JALNA, JALNA vs. ASHISH OMPRAKASH MANTRI, JALNA

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

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

Long Term Capital Gains on Sale of Share is credited to Capital Account, the Details are as under: Α.Υ. 2011-12 LTCG of Rs.1,44,35,357/- Α.Υ. 2012-13 LTCG of Rs.93,82,427/- Please give the details of Capital Gains Earned by him i.e. Name of Asset, Date of Purchase, Cost of Purchase, Date of Sale

INCOME TAX OFFICER, WARD 1, JALNA, JALNA vs. ASHISH OMPRAKASH MANTRI, JALNA

Long Term Capital Gains on Sale of Share is credited to Capital\nAccount, the Details are as under:\nA.Y. 2011-12 LTCG of Rs.1,44,35,357/-\nA.Y. 2012-13 LTCG of Rs.93,82,427/-\nAns. Please give the details of Capital Gains Earned by him i.e. Name of\nAsset, Date of Purchase, Cost of Purchase, Date of Sale

ITO, NASHIK vs. ANKIT NARESH TULSIAN, NASHIK

In the result, appeal of the Revenue is dismissed

Long Term Capital Gains (LTCG) of Rs.1,00,08,355/- from the sale of 200,000 shares of Mishkafin Finance and Trading Ltd. (MFTL), claiming exemption under Section 10(38). The Assessing Officer (AO) treated this as unexplained money under Section 69A and added it to the income.", "held": "The Tribunal held that the reassessment

VAISHALI KESHAV KULKARNI,PUNE vs. ITO WARD 13(2), PUNE

In the result the Grounds Numbers 2, 3 and 4 raised by the assessee are allowed

Reassessment Order]\nIn fact, the impugned immovable property is sold by my father Mr. Dilipkumar Hiralal Agarwal Saraf\n[PAN: AELPA1854K], who has offered the same to taxation fully and paid the relevant capital gains tax as Your Honors can clearly see from the ITR return filed by Mr. Dilipkumar for AY 2015-16 (Pages 54 onwards of the Paperbook

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

capital gain’ as has been originally declared it as ‘business income’ in the books. It is clearly a case of re-classification of income and cannot be considered as under reporting or misreporting of income. 7 Bajaj Housing Finance Limited 11. Though assessee has referred various decisions in the case law paper book referred (supra), I however taking note

ANIL BANSILAL LODHA,NASHIK vs. PRINCIPAL COMMISSIONER OF INCOME TAX, NASHIK - 1, NASHIK

In the result, it is directed that the order passed under section 263 be set aside

Bench: Dr.Manish Borad & Ms. Astha Chandra

long term capital gain was to be taxed u/s. 112A of the Act, particularly when the exemption u/s. 10(38) was withdrawn from the next assessment year and the provisions of section 112A were inserted from next assessment year. 4. On the basis of the facts, in the circumstances of the case and as per law, the order passed