DCIT CIRCLE 1 NASHIK, NASHIK vs. SHREE SAI PROPERTIES, NASHIK

In the result, appeal of the Revenue is dismissed

Bench: Dr. Manish Borad & Shri Vinay Bhamore

reassessment in cases where assets belonging to the assessee or books of account or documents, which contain information pertaining to the assessee are found pursuant to a search conducted under Section 132 of the Act or requisition made under Section 132A of the Act, in respect of a person other than the assessee.” Accordingly, it is to submit that

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

4) of the IT Act, 1961 on 04/08/2017 of Shri Sachin\nNahar as well as related documents regarding cash loan taken by the party alongwith\nthe related pages of Shri Sachin Nahar's submission containing name of the above\nmentioned person and the Assessment Years in which the transactions were made are\nenclosed herewith for reference and necessary action

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

147 of the Act had not made the addition of\nRs.7,62,67,463/- which was returned back to these shell companies. Since the\n8\nITA No.1178/PUN/2023\nITA No.2017/PUN/2024\nassessee in his statement recorded /s 132(4) of the Act at the time of search u/s 132\nhad admitted to the fact that he had taken accommodation entries from

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

147 of the Act had not made the addition of\nRs.7,62,67,463/- which was returned back to these shell companies. Since the\n8\nITA No.1178/PUN/2023\nITA No.2017/PUN/2024\nassessee in his statement recorded /s 132(4) of the Act at the time of search u/s 132\nhad admitted to the fact that he had taken accommodation entries from

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

4 ITA No.1260/PUN/2025, AY 2020-21 notwithstanding any contained in subsection (6) of section 270A. In view of this specific carve out, the claim of the appellant is not acceptable and the ground is dismissed.‖ 5. The Ld. AR submitted that the assessee has already accepted the disallowance made by the Ld. AO on account of claim on health

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

4. The learned AO, while concluding the 147 assessments, held that, the donations offered as taxable income in the Income and expenditure of various years, are 'Anonymous Donation' and as such, taxed the same, u/s 115BBC. 5. Appellant filed appeal before the learned CIT(A) raising various objections on technical aspects as well as on merits. However, Learned

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

4. The learned AO, while concluding the 147 assessments, held that, the donations offered as taxable income in the Income and expenditure of various years, are 'Anonymous Donation' and as such, taxed the same, u/s 115BBC. 5. Appellant filed appeal before the learned CIT(A) raising various objections on technical aspects as well as on merits. However, Learned

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

4. The learned AO, while concluding the 147 assessments, held that, the donations offered as taxable income in the Income and expenditure of various years, are 'Anonymous Donation' and as such, taxed the same, u/s 115BBC. 5. Appellant filed appeal before the learned CIT(A) raising various objections on technical aspects as well as on merits. However, Learned

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

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

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

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

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

147 order, appears to have proceeded on the\nanalogy that, some taxable income has escaped assessment. As\nagainst, vide Section 115BBC, mere rate of tax is differentiated from\nnormal income. As stated earlier, entire charge of the learned AO at\nthe stage of formation of belief of 'escapement of income' by resorting\nto Section

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

147 order, appears to have proceeded on the\nanalogy that, some taxable income has escaped assessment. As\nagainst, vide Section 115BBC, mere rate of tax is differentiated from\nnormal income. As stated earlier, entire charge of the learned AO at\nthe stage of formation of belief of 'escapement of income' by resorting\nto Section

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

147 order, appears to have proceeded on the\nanalogy that, some taxable income has escaped assessment. As\nagainst, vide Section 115BBC, mere rate of tax is differentiated from\nnormal income. As stated earlier, entire charge of the learned AO at\nthe stage of formation of belief of 'escapement of income' by resorting\nto Section

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

ARUNA SINGH ,THANE vs. ITO WARD 3(1), KALYAN

In the result, the appeal of the assessee is allowed for statistical\npurposes

147, the assessment so made shall be\nregarded as a regular assessment for the purposes of this section. 5\nExplanation 3.- In Explanation 1 and in sub- section (3),\" tax on the total\nincome determined under sub- section (1) of section 143\" shall not include the\nadditional income-tax, if any, payable under section 143.]\"\nSection 208\n\"208. Conditions