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

penny stock company. As per details on record, the company, of which, shares were transacted by assessee was having name as M/s S V Electricals Limited. Kindly note the relevant dates matrix summarized in the above Events Chart (first 4-5 entries therein). Now, as per facts revealing from Events Chart, Assessee has acquired shares of M/s S V Electricals

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

penny stock company. As per details on record, the company, of which, shares were transacted by assessee was having name as M/s S V Electricals Limited. Kindly note the relevant dates matrix summarized in the above Events Chart (first 4-5 entries therein). Now, as per facts revealing from Events Chart, Assessee has acquired shares of M/s S V Electricals

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

penny stock company. As per details on record, the company, of which, shares were transacted by assessee was having name as M/s S V Electricals Limited. Kindly note the relevant dates matrix summarized in the above Events Chart (first 4-5 entries therein). Now, as per facts revealing from Events Chart, Assessee has acquired shares of M/s S V Electricals

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

penny stock company. As per details on record, the company, of which, shares were transacted by assessee was having name as M/s S V Electricals Limited. Kindly note the relevant dates matrix summarized in the above Events Chart (first 4-5 entries therein). Now, as per facts revealing from Events Chart, Assessee has acquired shares of M/s S V Electricals

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

penny stock company. As per details on record, the company, of which, shares were transacted by assessee was having name as M/s S V Electricals Limited. Kindly note the relevant dates matrix summarized in the above Events Chart (first 4-5 entries therein). Now, as per facts revealing from Events Chart, Assessee has acquired shares of M/s S V Electricals

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

penny stock company. As per details on record, the company, of which, shares were transacted by assessee was having name as M/s S V Electricals Limited. Kindly note the relevant dates matrix summarized in the above Events Chart (first 4-5 entries therein). Now, as per facts revealing from Events Chart, Assessee has acquired shares of M/s S V Electricals

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

In the result, all the above 6 appeals filed by the Revenue are dismissed and

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

147 are applicable to facts of this case and the assessment year under consideration is deemed to be case where income chargeable to tax has escaped assessment. Please acknowledge receipt of this letter BHARAT DEVRAJ SHEGAONKAR ACIT CEN CIR 2, NASHIK 5. He, therefore, issued notice u/s 148 of the Act on 19.03.2020. The assessee in response to the same

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

In the result, all the above 6 appeals filed by the Revenue are dismissed and

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

147 are applicable to facts of this case and the assessment year under consideration is deemed to be case where income chargeable to tax has escaped assessment. Please acknowledge receipt of this letter BHARAT DEVRAJ SHEGAONKAR ACIT CEN CIR 2, NASHIK 5. He, therefore, issued notice u/s 148 of the Act on 19.03.2020. The assessee in response to the same

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

In the result, all the above 6 appeals filed by the Revenue are dismissed and

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

147 are applicable to facts of this case and the assessment year under consideration is deemed to be case where income chargeable to tax has escaped assessment. Please acknowledge receipt of this letter BHARAT DEVRAJ SHEGAONKAR ACIT CEN CIR 2, NASHIK 5. He, therefore, issued notice u/s 148 of the Act on 19.03.2020. The assessee in response to the same

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

penny stock and therefore, such transaction is clearly ‘adventure in the nature of trade’. He accordingly made addition of Rs.1,52,62,200/- u/s 68 of the Act treating the 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

MANOJ MADANLAL CHHAJED,PUNE vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(1), PUNE

reassessment\nproceedings are initiated on the basis of report of Investigation wing Kolkata and\nincriminating material found in the search of appellant and then the provisions of\nSec.153C of the Act are applicable which override the applicability of Sec. 147\nand Sec. 148 of the Act.”\n14\nITA No.1178/PUN/2023\nITA No.2017/PUN/2024\n10. The ld. Counsel for the assessee submitted that

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

u/s 147 has to be quashed. 16. Referring to the decision of the Hon’ble Bombay High Court in the case of PCIT v. Shodiman Investments (P) Ltd, 93 taxmann.com 153, he submitted that the Hon’ble High Court in the said decision has held that where Assessing Officer had issued a reassessment notice on the basis of intimation from

SHRI MANOJ MADANLAL CHHAJED,PUNE vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(1), PUNE

Bench: Shri R. K. Panda & Shri Vinay Bhamore

reassessment proceedings are initiated on the basis of report of Investigation wing Kolkata and incriminating material found in the search of appellant and then the provisions of Sec.153C of the Act are applicable which override the applicability of Sec. 147 and Sec. 148 of the Act.” 14 ITA No.1178/PUN/2023 ITA No.2017/PUN/2024 10. The ld. Counsel for the assessee submitted that

SHEETAL SANDEEP MEHER,JALGAON vs. ITO, WARD1(2), , JALGAON

In the result, the appeal filed by the assessee is allowed for statistical purposes

Bench: Shri G. D. Padmahshali & Shri Vinay Bhamoreआयकर अपील सं. / Ita No.1000/Pun/2024 िनधा"रण वष" / Assessment Year : 2013-14 Sheetal Sandeep Meher, Vs. Ito, Ward-1(2), 3Rd Floor, Pitruchaya Jalgaon. Building, Nehru Chowk, Navi Peth, Jalgaon- 425001. Pan : Aqupm5982D Appellant Respondent Assessee By : Shri Sanket Joshi Revenue By : Shri Umashankar Prasad Date Of Hearing : 22.07.2024 Date Of Pronouncement : 31.07.2024 आदेश / Order Per Vinay Bhamore, Jm: This Appeal Filed By The Assessee Is Directed Against The Order Dated 27.02.2024 Passed By Ld Cit(A)/Nfac For The Assessment Year 2013-14. 2. The Present Appeal Is Filed Belatedly I.E. With The Delay Of 13 Days. The Appellant Furnished An Affidavit Praying For Condonation Of Delay In The Circumstances Mentioned Therein.

penny stock transactions & shown some exempted income u/s 10(38) of the IT Act from bogus long term capital gain. After recording reasons & prior approval from competent authority, notice u/s 148 was issued to the assessee requiring him to furnish return of income. The assessee furnished its return of income & made compliance to the notices issued u/s

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

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

147 of the Act by recording the following reasons: CO Nos.2 to 5/PUN/2025 5. He, therefore, issued notice u/s 148 of the Act on 19.03.2020. The assessee in response to the same filed his return of income on 30.04.2020 declaring the income returned originally i.e. Rs.1,23,93,990/-. Subsequently notices u/s

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

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

147 of the Act by recording the following reasons: CO Nos.2 to 5/PUN/2025 5. He, therefore, issued notice u/s 148 of the Act on 19.03.2020. The assessee in response to the same filed his return of income on 30.04.2020 declaring the income returned originally i.e. Rs.1,23,93,990/-. Subsequently notices u/s

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

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

147 of the Act by recording the following reasons: CO Nos.2 to 5/PUN/2025 5. He, therefore, issued notice u/s 148 of the Act on 19.03.2020. The assessee in response to the same filed his return of income on 30.04.2020 declaring the income returned originally i.e. Rs.1,23,93,990/-. Subsequently notices u/s