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

reassessment in respect of all 6 years can be made even if original returns are already processed u/s 143(1)(a) and the Assessing Officer has power u/s 153A to make assessment for all six years and compute total income of assessee, including undisclosed income, notwithstanding that returns for these years have already been processed u/s

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

u/s 263 from the PCIT, Pune, challenging an order that dropped proceedings initiated under Section 147. The original proceedings under Section 147 were based on information from a search and seizure action where cash loans of Rs.1,40,00,000/- were allegedly taken by the assessee from one Sachin Nahar.", "held": "The Tribunal held that the initiation of proceedings under

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

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 (“AO”) received information on 31.03.2017 from the office of ACIT, Central Circle-2(1), Kolkata regarding the accommodation entries taken by the assessee from Shri Anand Kumar Sharma

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

seizure action u/s 132 of the Act on 10.11.2012. Therefore, the case\nof the assessee is re-assessed on the basis of search in case of other person and\ntherefore, the provisions of section 153C of the Act should have been adopted and\nnot the provisions of section 147 of the Act. The Ld. Counsel for the assessee\ndrew

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

seizure action u/s 132 of the Act on 10.11.2012. Therefore, the case\nof the assessee is re-assessed on the basis of search in case of other person and\ntherefore, the provisions of section 153C of the Act should have been adopted and\nnot the provisions of section 147 of the Act. The Ld. Counsel for the assessee\ndrew

INCOME TAX OFFICER,WARD-1,AHMEDNAGAR, AHMEDNAGAR vs. NARENDRA SAMPATLAL BAFNA, AHMEDNAGAR

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

Bench: Shri R. K. Panda & Shri Vinay Bhamoreassessment Year : 2017-18

seizure action u/s 132 of the Act in the premises of Shri Sachin Nahar, some incriminating documents showing that Shri Sachin Nahar had provided cash loans to various parties were found. The Assessing Officer of Shri Sachin Nahar passed on the information to the Assessing 6 CO No.25/PUN/2024 Officer of the assessee. Since the information contained fresh material, the Assessing

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

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 WARD 2, AHMEDNAGAR

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

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

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

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

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

RAJDEEP BUILDCON PRIVAT LIMITED, AHMEDNAGAR,AHMEDNAGAR vs. DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 1(2), PUNE, PUNE

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

Bench: SHRI R. K. PANDA (Vice President), SHRI VINAY BHAMORE (Judicial Member)

search and seizure action u/s 132 of the IT Act was conducted on 27.10.2010, the assessee filed its return of income u/s 139 of the IT Act on 29.09.2011, declaring total income at Rs.21,64,09,080/-. Being specified previous year, the assessment u/s 143(3) was completed on 25.03.2013 by assessing income at Rs.21

RAJDEEP BUILDCOM PRIVATE LIMITED,AHMEDNAGAR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 1(2), PUNE, PUNE

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

Bench: SHRI R. K. PANDA (Vice President), SHRI VINAY BHAMORE (Judicial Member)

search and seizure action u/s 132 of the IT Act was conducted on 27.10.2010, the assessee filed its return of income u/s 139 of the IT Act on 29.09.2011, declaring total income at Rs.21,64,09,080/-. Being specified previous year, the assessment u/s 143(3) was completed on 25.03.2013 by assessing income at Rs.21

RAJDEEP BUILDCON PVT LTD, AHMEDNAGAR,AHMEDNAGAR vs. DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 1(2), PUNE, PUNE

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

Bench: SHRI R. K. PANDA (Vice President), SHRI VINAY BHAMORE (Judicial Member)

search and seizure action u/s 132 of the IT Act was conducted on 27.10.2010, the assessee filed its return of income u/s 139 of the IT Act on 29.09.2011, declaring total income at Rs.21,64,09,080/-. Being specified previous year, the assessment u/s 143(3) was completed on 25.03.2013 by assessing income at Rs.21

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

In the result, the appeal of the assessee is allowed

reassessment order u/s 147 is without jurisdiction and bad in law\nbecause the assessing officer has wrongly invoked the provisions of section 189\nwhich do not copower him to assess any income arising post dissolution of the\nfirm\". The Ld. CIT(A)/NFAC dismissed the appeal of the assessee including the\nadditional ground raised before him by observing as under

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

search & seizure action u/s 132 of the I.T. Act was carried out at the business and residential premises of Mantri Group of Jalna on 02.05.2013 wherein the assessee was also covered. Accordingly assessment u/s 143(3) r.w.s. 153A of the Act was completed on 22.03.2016 by determining the total income at Rs.16,79,230/- and agricultural income at Rs.54

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

search & seizure action u/s 132 of the I.T. Act was carried out at the business and residential premises of Mantri Group of Jalna on 02.05.2013 wherein the assessee was also covered. Accordingly assessment u/s 143(3) r.w.s. 153A of the Act was completed on 22.03.2016 by determining the total income at Rs.16,79,230/- and agricultural income at Rs.54

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

search & seizure action u/s 132 of the I.T. Act was carried out at the business and residential premises of Mantri Group of Jalna on 02.05.2013 wherein the assessee was also covered. Accordingly assessment u/s 143(3) r.w.s. 153A of the Act was completed on 22.03.2016 by determining the total income at Rs.16,79,230/- and agricultural income at Rs.54