INCOME TAX OFFICER, PUNE vs. SAGAR CONSTRUCTION COMPANY, PUNE

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

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2017-18

reassess the income of the petitioner under Section 147 of the Act. 13. As clearly seen from the record, to which, we have made a reference in the aforesaid paragraphs, it appears to be quite clear that there was a search and seizure

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

search and seizure action. The PCIT's order invoking Section 263 was therefore infructuous and quashed.", "result": "Allowed", "sections": [ "147", "148", "143(1)", "143(2)", "263", "132", "153C", "153A", "69A", "139", "142", "149", "151", "153", "132A", "153B" ], "issues": "Whether the reassessment

DEEPAK KANTILAL JAIN,PUNE vs. ACIT, CENTRAL CIRCLE 2(1), PUNE , PUNE

seizure action was conducted on 26.09.2017 in the case of\nShri Yuvraj Dhamale and his related concerns including M/s Wellbuild\nMerchants Pvt. Limited. The appellant has booked a flat in one of the\nschemes (viz. Rajgruhi Residency) of this entity.\nii. During the search action at the residential premises of Shri Yuvraj\nDhamale as well as his trusted employees namely

ADISH SHANTILAL SOLANKI,PUNE vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), PUNE, PUNE

seizure action was conducted on 26.09.2017 in the case of\nShri Yuvraj Dhamale and his related concerns including M/s Wellbuild\nMerchants Pvt. Limited. The appellant has booked a flat in one of the\nschemes (viz. Rajgruhi Residency) of this entity.\nii. During the search action at the residential premises of Shri Yuvraj\nDhamale as well as his trusted employees namely

ASHOK BHARTI GOSWAMI ,PUNE vs. ACIT, CENTRAL CIRCLE 2(1), PUNE, PUNE

In the result, all the appeals filed by the respective assessees are allowed

seizure action was conducted on 26.09.2017 in the case of\nShri Yuvraj Dhamale and his related concerns including M/s Wellbuild\nMerchants Pvt. Limited. The appellant has booked a flat in one of the\nschemes (viz. Rajgruhi Residency) of this entity.\nii. During the search action at the residential premises of Shri Yuvraj\nDhamale as well as his trusted employees namely

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

In the result, the appeal of the assessee is allowed

search and seizure proceedings had\nadmitted that the firm had given cash loans to the extent of Rs 66,50,000/. As p\ncash loans to the extent of Rs 66,50,000/-. As per Section 189 of the IT Act,\nwhere any business siness or profession carried on by a firm has been\ndiscontinued or where a firm

HETAL RAKESH MEHTA ,MUMBAI vs. ACIT, CC-1(2), PUNE

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

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2018-19 Hetal Rakesh Mehta Acit, Central Circle 1(2), 9/10, Vidya Nagar, 60 Feet Road, Vs. Pune Ghatkopar East, Mumbai – 400077 Pan: Ammpm9670L (Appellant) (Respondent)

seizure action u/s 132 of the Act was also carried out in the cases of Rakesh Mehta, Hetal Mehta and Rakesh Mehta HUF. During the search action, Shri Rakesh Mehta was asked to state the details regarding all the steps and procedure involved in his business, along with details of documents prepared thereof. However, the assessee was not able

DEEPAK KANTILAL JAIN ,PUNE vs. ACIT, CENTRAL CIRCLE 2(1), PUNE , PUNE

In the result, all the appeals filed by the respective assessees are allowed

seizure action was conducted on 26.09.2017 in the case of\nShri Yuvraj Dhamale and his related concerns including M/s Wellbuild\nMerchants Pvt. Limited. The appellant has booked a flat in one of the\nschemes (viz. Rajgruhi Residency) of this entity.\nii. During the search action at the residential premises of Shri Yuvraj\nDhamale as well as his trusted employees namely

ASHISH RAMESH OSWAL,PUNE vs. ACIT, CENTRAL CIRCLE 2(1), PUNE , PUNE

In the result, all the appeals filed by the respective assessees are allowed

seizure action was conducted on 26.09.2017 in the case of\nShri Yuvraj Dhamale and his related concerns including M/s Wellbuild\nMerchants Pvt. Limited. The appellant has booked a flat in one of the\nschemes (viz. Rajgruhi Residency) of this entity.\n\nii.\nDuring the search action at the residential premises of Shri Yuvraj\nDhamale as well as his trusted employees

BORA AGRO FOODS,PUNE vs. DCIT, CIR-5, PUNE, PUNE

In the result, all the appeals filed by the Assessee are partly\nallowed

seizure\noperation was conducted at premises of 'SJP' and its associate concerns\nas well as key individuals of group During search, incriminating\nevidences in form of various loose papers and data back-ups of various\nelectronic devices were found and seized It was revealed that assessee\nhad accepted accommodation entries towards huge unsecured loans\nfrom a shell/paper company/entity On basis

BORA AGRO FOODS,PUNE vs. DCIT, CIR-5, PUNE, PUNE

In the result, all the appeals filed by the Assessee are partly\nallowed

seizure\noperation was conducted at premises of 'SJP' and its associate concerns\nas well as key individuals of group During search, incriminating\nevidences in form of various loose papers and data back-ups of various\nelectronic devices were found and seized It was revealed that assessee\nhad accepted accommodation entries towards huge unsecured loans\nfrom a shell/paper company/entity On basis

BORA AGRO FOODS,PUNE vs. DCIT, CIR-5, PUNE, PUNE

In the result, all the appeals filed by the Assessee are partly\nallowed

seizure\noperation was conducted at premises of 'SJP' and its associate concerns\nas well as key individuals of group During search, incriminating\nevidences in form of various loose papers and data back-ups of various\nelectronic devices were found and seized It was revealed that assessee\nhad accepted accommodation entries towards huge unsecured loans\nfrom a shell/paper company/entity On basis

SOMNATH RAMDAS JADHAV,AHMEDNAGAR vs. ITO WARD 2, AHMEDNAGAR

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

search & Seizure\naction u/s 132 of the IT Act, 1961 carried out in case of the M/s.\nShri Renuka Mate Multi State Urban Co-operative Credit Society\nLtd. (in short Society/SRMSCS) on 26.05.2017, it was found that\nthe huge money was deposited in the bank accounts maintained\nin the society and during the course of assessment proceedings\nthe society could

SOMNATH RAMDAS JADHAV,AHMEDNAGAR vs. ITO WARD 2, AHMEDNAGAR, AHMEDNAGAR

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

search & Seizure\naction u/s 132 of the IT Act, 1961 carried out in case of the M/s.\nShri Renuka Mate Multi State Urban Co-operative Credit Society\nLtd. (in short Society/SRMSCS) on 26.05.2017, it was found that\nthe huge money was deposited in the bank accounts maintained\nin the society and during the course of assessment proceedings\nthe society could

SOMNATH RAMDAS JADHAV,AHMEDNAGAR vs. ITO, WARD 2, AHMEDNAGAR, AHMEDNAGAR

Accordingly, the appeal in ITA No.1092/PUN/2025 for A.Y. 2013-14 involving the issue of penalty u/s 271(1)(c) of the Act is allowed

Bench: Shri Manish Borad & Shri Vinay Bhamore

seizure operation was carried out on 26.05.2017, reopened the assessment u/s 147 of the Act, reasons of which are already reproduced in the preceding paragraphs. It is the submission of the assessee through the additional ground that since the information came to light during the course of search in the case of M/s. Shri Renuka Mata Multistate Credit Society

SOMNATH RAMDAS JADHAV,AHMEDNAGAR vs. ITO WARD 2, AHMEDNAGAR

Accordingly, the appeal in ITA No.1092/PUN/2025 for A.Y. 2013-14 involving the issue of penalty u/s 271(1)(c) of the Act is allowed

Bench: Shri Manish Borad & Shri Vinay Bhamore

seizure operation was carried out on 26.05.2017, reopened the assessment u/s 147 of the Act, reasons of which are already reproduced in the preceding paragraphs. It is the submission of the assessee through the additional ground that since the information came to light during the course of search in the case of M/s. Shri Renuka Mata Multistate Credit Society

SOMNATH RAMDAS JADHAV,AHMEDNAGAR vs. ITO WARD2, AHMEDNAGAR

Accordingly, the appeal in ITA No.1092/PUN/2025 for A.Y. 2013-14 involving the issue of penalty u/s 271(1)(c) of the Act is allowed

Bench: Shri Manish Borad & Shri Vinay Bhamore

seizure operation was carried out on 26.05.2017, reopened the assessment u/s 147 of the Act, reasons of which are already reproduced in the preceding paragraphs. It is the submission of the assessee through the additional ground that since the information came to light during the course of search in the case of M/s. Shri Renuka Mata Multistate Credit Society

SOMNATH RAMDAS JADHAV,AHMEDNAGAR vs. ITO, WARD 2, AHMEDNAGAR, AHMEDNAGAR

Accordingly, the appeal in ITA No.1092/PUN/2025 for A.Y. 2013-14 involving the issue of penalty u/s 271(1)(c) of the Act is allowed

Bench: Shri Manish Borad & Shri Vinay Bhamore

seizure operation was carried out on 26.05.2017, reopened the assessment u/s 147 of the Act, reasons of which are already reproduced in the preceding paragraphs. It is the submission of the assessee through the additional ground that since the information came to light during the course of search in the case of M/s. Shri Renuka Mata Multistate Credit Society

ASHISH RAMESH OSWAL,PUNE vs. ACIT, CENTRAL CIRCLE 2(1), PUNE, PUNE

In the result, all the appeals filed by the respective assessees are allowed

seizure action was conducted on 26.09.2017 in the case of\nShri Yuvraj Dhamale and his related concerns including M/s Wellbuild\nMerchants Pvt. Limited. The appellant has booked a flat in one of the\nschemes (viz. Rajgruhi Residency) of this entity.\nii. During the search action at the residential premises of Shri Yuvraj\nDhamale as well as his trusted employees namely