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

u/s 147 of the Act, the Hon’ble Bombay High Court accepted the contention of the petitioner and quashed the re-assessment proceedings by observing as under: “12. We have heard learned counsel for the parties and with their assistance, we have perused the record. At the outset, we may observe that the (2023) 149 taxmann.com

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

45,000\n60,000\n9\n1500\n1500000\nASHOK C\nASHOK D CHORDIYA\n1,75,500\n45,000\n14.\nReferring to the papers enclosed with the chart submitted by the ACIT,\nCentral Circle 1(1), Pune, the details of which are placed at pages 8 to 13 of the\npaper book, the Ld. Counsel for the assessee drew the attention

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

45,690/-\n7.\nThe assessee filed an appeal before the Ld. CIT(A) against this order also.\nThe Ld. CIT(A) in the consolidated order dated 10.10.2023 passed the order i.e. in\nrespect of order passed u/s 143(3) r.w.s.147 and u/s 143(3) r.w.s.263 of the Act\nand dismissed both the appeals.\n8.\nAggrieved with such order

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

45,690/-\n7.\nThe assessee filed an appeal before the Ld. CIT(A) against this order also.\nThe Ld. CIT(A) in the consolidated order dated 10.10.2023 passed the order i.e. in\nrespect of order passed u/s 143(3) r.w.s.147 and u/s 143(3) r.w.s.263 of the Act\nand dismissed both the appeals.\n8.\nAggrieved with such order

RAJARSHI SHAHU SHIKSHAN SANSTHA INAM DHAMANI,SANGLI vs. ITO EXEMPTION, KOLHAPUR

In the result, all the appeals filed by the assessee are partly allowed as per terms indicated hereinabove

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita Nos.1121 To 1126/Pun/2024 Assessment Years : 2012-13 To 2017-18

reassessment u/s 147, the 'reason' has to be specific and the same can't be extended / enhanced /supplemented, etc. This ratio emerges from the celebrated decision in the case of Hindustan Lever v. R B Wadkar- 268 ITR 332 (Bom)... (copy enclosed and marked as Annexure-6.) 14. Conention-3-Erroneous/Improper charge of escapement of income As per facts

RAJARSHI SHAHU SHIKSHAN SANSTHA INAM DHAMANI,SANGLI vs. ITO EXEMPTION, KOLHAPUR, KOLHAPUR

In the result, all the appeals filed by the assessee are partly allowed as per terms indicated hereinabove

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita Nos.1121 To 1126/Pun/2024 Assessment Years : 2012-13 To 2017-18

reassessment u/s 147, the 'reason' has to be specific and the same can't be extended / enhanced /supplemented, etc. This ratio emerges from the celebrated decision in the case of Hindustan Lever v. R B Wadkar- 268 ITR 332 (Bom)... (copy enclosed and marked as Annexure-6.) 14. Conention-3-Erroneous/Improper charge of escapement of income As per facts

RAJARSHI SHAHU SHIKSHAN SANSTHA INAM DHAMANI,SANGLI vs. ITO EXEMPTION, KOLHAPUR, KOLHAPUR

In the result, all the appeals filed by the assessee are partly allowed as per terms indicated hereinabove

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita Nos.1121 To 1126/Pun/2024 Assessment Years : 2012-13 To 2017-18

reassessment u/s 147, the 'reason' has to be specific and the same can't be extended / enhanced /supplemented, etc. This ratio emerges from the celebrated decision in the case of Hindustan Lever v. R B Wadkar- 268 ITR 332 (Bom)... (copy enclosed and marked as Annexure-6.) 14. Conention-3-Erroneous/Improper charge of escapement of income As per facts

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

45,890) after adjusting the incremental liability that may arise on disallowing health and education Cess. He, therefore, submitted that there is no basis for holding that the assessee has under-reported its income or done any act without good faith and due diligence and hence the provisions of section 270A of the Act do not apply 5 ITA No.1260/PUN/2025

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)

reassessment’ used in this section has to be understood in the context of section 153A alone. The word 'assessment’ is used in a number of provisions in a comprehensive sense and if can comprehend the whole procedure for ascertaining and imposing liability upon the taxpayer and the machinery for enforcement thereof. The concept of expression ‘assessment’ is used

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)

reassessment’ used in this section has to be understood in the context of section 153A alone. The word 'assessment’ is used in a number of provisions in a comprehensive sense and if can comprehend the whole procedure for ascertaining and imposing liability upon the taxpayer and the machinery for enforcement thereof. The concept of expression ‘assessment’ is used

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)

reassessment’ used in this section has to be understood in the context of section 153A alone. The word 'assessment’ is used in a number of provisions in a comprehensive sense and if can comprehend the whole procedure for ascertaining and imposing liability upon the taxpayer and the machinery for enforcement thereof. The concept of expression ‘assessment’ is used

GULAMAHEMAD HAMIDULLA KHAN,PUNE vs. ITO WARD 14(3), PUNE

In the result, the appeal of the assessee is allowed for statistical purposes

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

45,130/- and as such the nature and sources of the credits cannot be ascertained during the year under consideration. Hence, the nature and sources of the credits of Rs. 2,20,79,550/- made in his bank account remains unexplained in view of the provisions of section 69A of the Act. In the above context

RAJARSHI SHAHU SHIKSHAN SANSTHA INAM DHAMANI,SANGLI vs. ITO EXEMPTION, KOLHAPUR, KOLHAPUR

In the result, all the appeals filed by the assessee are\npartly allowed as per terms indicated hereinabove

reassessment u/s 147, the\n'reason' has to be specific and the same can't be extended /\nenhanced /supplemented, etc. This ratio emerges from the\ncelebrated decision in the case of Hindustan Lever v. R B Wadkar-\n268 ITR 332 (Вот)... (сору enclosed and marked as Annexure-6.)\n14. Conention-3-Erroneous/Improper charge of escapement of\nincome\nAs per facts

RAJARSHI SHAHU SHIKSHAN SANSTHA INAM DHAMANI,SANGLI vs. ITO EXEMPTION , KOLHAPUR, KOLHAPUR

In the result, all the appeals filed by the assessee are\npartly allowed as per terms indicated hereinabove

reassessment u/s 147, the\n'reason' has to be specific and the same can't be extended /\nenhanced /supplemented, etc. This ratio emerges from the\ncelebrated decision in the case of Hindustan Lever v. R B Wadkar-\n268 ITR 332 (Вот)... (сору enclosed and marked as Annexure-6.)\n14. Conention-3-Erroneous/Improper charge of escapement of\nincome\nAs per facts

RAJARSHI SHAHU SHIKSHAN SANSTHA INAM DHAMANI,SANGLI vs. ITO EXEMPTION, KOLHAPUR

In the result, all the appeals filed by the assessee are\npartly allowed as per terms indicated hereinabove

reassessment u/s 147, the\n'reason' has to be specific and the same can't be extended /\nenhanced /supplemented, etc. This ratio emerges from the\ncelebrated decision in the case of Hindustan Lever v. R B Wadkar-\n268 ITR 332 (Bom)... (сору enclosed and marked as Annexure-6.)\n14. Conention-3-Erroneous/Improper charge of escapement of\nincome\nAs per facts

ITO, WARD-1(1), SOLAPUR, SOLAPUR vs. MS. KSHIRSAGAR FABRICS, SOLAPUR

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

Bench: Shri R. K. Panda & Ms Astha Chandraassessment Year : 2009-10

reassessment notice as the AO has not established that new facts material or information came the knowledge of the AO which was not on record and available at the time of assessment. It is clear that on account of the audit objection that a remedial action of reopening the assessment by an action u/s 148 of the Act was taken

INCOME TAX OFFICER WARD-1(5), AURANGABAD, AURANGABAD, MAHARASHTRA vs. ROYAL ESTATES, AURANGABAD, MAHARASHTRA

In the result, the appeals of Revenue for AYs 2011-12 and 2012-13

Bench: Ms. Astha Chandra & Shree G.D. Padmahshali

45,86,962/- and Rs.3,78,29,953/- in AYs 2011-12 and 2012-13 respectively between cost of construction declared by the assessee as per the books and cost of construction estimated by the DVO, to the income of the assessee. 8. Aggrieved, the assessee carried the matter in appeal before the Ld. CIT(A). Before

INCOME TAX OFFICER, WARD-1(5), AURANGABAD., AURANGABAD, MAHARASHTRA vs. ROYAL ESTATES, AURANGABAD, MAHARASHTRA

In the result, the appeals of Revenue for AYs 2011-12 and 2012-13

Bench: Ms. Astha Chandra & Shree G.D. Padmahshali

45,86,962/- and Rs.3,78,29,953/- in AYs 2011-12 and 2012-13 respectively between cost of construction declared by the assessee as per the books and cost of construction estimated by the DVO, to the income of the assessee. 8. Aggrieved, the assessee carried the matter in appeal before the Ld. CIT(A). Before

ATUL VIJAY MADAN ,NASHIK vs. DCIT, CIRCLE -1, NASHIK

In the result, appeal of the assessee is allowed

Bench: Dr.Dipak P. Ripote & Shri Vinay Bhamoreआयकर अपील सं. / Ita No.1529/Pun/2024 िनधा"रण वष" / Assessment Year: 2012-13 Atul Vijay Madan, V The Dcit, 2 Pooja Apartment, Behind S Circle-1, Nashik. Karwa Mangal Karyalay, Sharanpur Road, Nashik-422002. Maharashtra. Pan: Appellant/ Assessee Respondent / Revenue Assessee By Shri Sanket M Joshi – Ar Revenue By Shri Ramnath P Murkunde– Dr Date Of Hearing 23/04/2025 Date Of Pronouncement 07/05/2025 आदेश/ Order Per Dr. Dipak P. Ripote, Am: This Appeal Filed By The Assessee Is Against The Order Of Ld.Commissioner Of Income Tax(Appeals)[Nfac], Passed Under Section 250 Of The Income Tax Act, 1961; Dated 13.05.2024 For Assessment Year 2012-13. The Assessee Has Raised The Following Grounds Of Appeal : “1. The Learned Cit(A) Erred In Confirming The Addition Of Rs.45,00,000 Made By The A.O. U/S 69 Towards Alleged Unexplained Loan

45 lacs in cash from Mr. Atul Vijay Madan during the F.Y. 2011-12. Further, a summon u/s 131 of the ITA No.1529/PUN/2024 [A] I.T. Act, 1961 issued to assessee by the DDIT(Inv) but assessee did not attended neither submitted submission. ON perusal of Balance-Sheet, P&L Account, Return of Income and Audit-Report on ITD, transaction