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51 results for “section 68”+ Section 253(4)clear

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Key Topics

Section 143(3)63Addition to Income44Section 12A36Section 133A32Section 153A25Section 10(20)24Section 1124Section 132(4)24Disallowance23Section 80I

ASSISTANT COMMISSIONER OF INCOME TAX,, ICHALKARANJI vs. PARIKH SHANKARLAL KUNDANMAL,, KOLHAPUR

In the result, appeals of Revenue and the Cross Objections by the assessee are partly allowed

ITA 733/PUN/2017[2004-05]Status: DisposedITAT Pune31 May 2018AY 2004-05

Bench: Ms. Sushma Chowla, Jm आयकर अपीऱ सं. / Ita Nos.733 To 736/Pun/2017 यििाारण वषा / Assessment Years : 2004-05 To 2006-07 & 2009-10

For Appellant: M.K. KulkarniFor Respondent: Dr. Vivek Aggarwal
Section 143(3)Section 80I

253) wherein the subsidy is treated as revenue receipt. 3. The appellant prays that the order of Ld. CIT(A) 2, Kolhapur be vacated and that of the Assessing Officer be restored. 4. The appellant leave to add, alter, amend and modify the above grounds raised at the time of proceedings before the Hon. Tribunal. ITA Nos.733 to 736/PUN/2017

ASSISTANT COMMISSIONER OF INCOME TAX,, ICHALKARANJI vs. PARIKH SHANKARLAL KUNDANMAL,, KOLHAPUR

Showing 1–20 of 51 · Page 1 of 3

18
Survey u/s 133A13
Deduction10

In the result, appeals of Revenue and the Cross Objections by the assessee are partly allowed

ITA 735/PUN/2017[2006-07]Status: DisposedITAT Pune31 May 2018AY 2006-07

Bench: Ms. Sushma Chowla, Jm आयकर अपीऱ सं. / Ita Nos.733 To 736/Pun/2017 यििाारण वषा / Assessment Years : 2004-05 To 2006-07 & 2009-10

For Appellant: M.K. KulkarniFor Respondent: Dr. Vivek Aggarwal
Section 143(3)Section 80I

253) wherein the subsidy is treated as revenue receipt. 3. The appellant prays that the order of Ld. CIT(A) 2, Kolhapur be vacated and that of the Assessing Officer be restored. 4. The appellant leave to add, alter, amend and modify the above grounds raised at the time of proceedings before the Hon. Tribunal. ITA Nos.733 to 736/PUN/2017

ASSISTANT COMMISSIONER OF INCOME TAX,, ICHALKARANJI vs. PARIKH SHANKARLAL KUNDANMAL,, KOLHAPUR

In the result, appeals of Revenue and the Cross Objections by the assessee are partly allowed

ITA 734/PUN/2017[2005-06]Status: DisposedITAT Pune31 May 2018AY 2005-06

Bench: Ms. Sushma Chowla, Jm आयकर अपीऱ सं. / Ita Nos.733 To 736/Pun/2017 यििाारण वषा / Assessment Years : 2004-05 To 2006-07 & 2009-10

For Appellant: M.K. KulkarniFor Respondent: Dr. Vivek Aggarwal
Section 143(3)Section 80I

253) wherein the subsidy is treated as revenue receipt. 3. The appellant prays that the order of Ld. CIT(A) 2, Kolhapur be vacated and that of the Assessing Officer be restored. 4. The appellant leave to add, alter, amend and modify the above grounds raised at the time of proceedings before the Hon. Tribunal. ITA Nos.733 to 736/PUN/2017

ASSISTANT COMMISSIONER OF INCOME TAX,, ICHALKARANJI vs. PARIKH SHANKARLAL KUNDANMAL,, KOLHAPUR

In the result, appeals of Revenue and the Cross Objections by the assessee are partly allowed

ITA 736/PUN/2017[2009-10]Status: DisposedITAT Pune31 May 2018AY 2009-10

Bench: Ms. Sushma Chowla, Jm आयकर अपीऱ सं. / Ita Nos.733 To 736/Pun/2017 यििाारण वषा / Assessment Years : 2004-05 To 2006-07 & 2009-10

For Appellant: M.K. KulkarniFor Respondent: Dr. Vivek Aggarwal
Section 143(3)Section 80I

253) wherein the subsidy is treated as revenue receipt. 3. The appellant prays that the order of Ld. CIT(A) 2, Kolhapur be vacated and that of the Assessing Officer be restored. 4. The appellant leave to add, alter, amend and modify the above grounds raised at the time of proceedings before the Hon. Tribunal. ITA Nos.733 to 736/PUN/2017

AADHUNIK INFRASTRUCTURE DEVELOPMENT PRIVATE LIMITED,JALGAON vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1, JALGAON

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

ITA 439/PUN/2023[2012-13]Status: DisposedITAT Pune18 Sept 2024AY 2012-13

Bench: Shri R. K. Panda & Shri Vinay Bhamoreassessment Year : 2012-13

For Appellant: Shri Kishor B PhadkeFor Respondent: Shri Ramnath P Murkunde
Section 143(3)Section 14ASection 271(1)(c)Section 68

section 147 of the Act as on the basis of the facts of the case the AO had the basis to believe that claim of exempt income u/s 10(38) of the Act in the return of income was not allowable. 11. Keeping in view above facts and discussion, it is held that the AO has drawn his satisfaction

DEPUTY COMMISSIONER OF INCOME-TAX vs. SHRI SHAHAJI BHANUDAS BHAD,, PUNE

In the result, the appeal is partly allowed

ITA 950/PUN/2016[2008-09]Status: DisposedITAT Pune08 Nov 2019AY 2008-09

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Raviआयकर अपील सं. / Ita Nos. 813 To 818/Pun/2016 िनधा"रण वष" / Assessment Years : 2007-08 To 2012-13

Section 132Section 132(4)Section 133ASection 143(3)Section 153A

section 132(4), which delineates that the statement made by the assessee may or may not be used as evidence in the assessment proceedings. The nitty gritty of the matter is that though a statement made u/s 132(4) carries immense weight and works as an evidence, but the same is not conclusive in so far as the legal

SHAHAJI BHANUDAS BHAD,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, the appeal is partly allowed

ITA 815/PUN/2016[2009-10]Status: DisposedITAT Pune08 Nov 2019AY 2009-10

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Raviआयकर अपील सं. / Ita Nos. 813 To 818/Pun/2016 िनधा"रण वष" / Assessment Years : 2007-08 To 2012-13

Section 132Section 132(4)Section 133ASection 143(3)Section 153A

section 132(4), which delineates that the statement made by the assessee may or may not be used as evidence in the assessment proceedings. The nitty gritty of the matter is that though a statement made u/s 132(4) carries immense weight and works as an evidence, but the same is not conclusive in so far as the legal

SHAHAJI BHANUDAS BHAD,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, the appeal is partly allowed

ITA 816/PUN/2016[2010-11]Status: DisposedITAT Pune08 Nov 2019AY 2010-11

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Raviआयकर अपील सं. / Ita Nos. 813 To 818/Pun/2016 िनधा"रण वष" / Assessment Years : 2007-08 To 2012-13

Section 132Section 132(4)Section 133ASection 143(3)Section 153A

section 132(4), which delineates that the statement made by the assessee may or may not be used as evidence in the assessment proceedings. The nitty gritty of the matter is that though a statement made u/s 132(4) carries immense weight and works as an evidence, but the same is not conclusive in so far as the legal

DEPUTY COMMISSIONER OF INCOME-TAX vs. SHRI SHAHAJI BHANUDAS BHAD,, PUNE

In the result, the appeal is partly allowed

ITA 953/PUN/2016[2011-12]Status: DisposedITAT Pune08 Nov 2019AY 2011-12

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Raviआयकर अपील सं. / Ita Nos. 813 To 818/Pun/2016 िनधा"रण वष" / Assessment Years : 2007-08 To 2012-13

Section 132Section 132(4)Section 133ASection 143(3)Section 153A

section 132(4), which delineates that the statement made by the assessee may or may not be used as evidence in the assessment proceedings. The nitty gritty of the matter is that though a statement made u/s 132(4) carries immense weight and works as an evidence, but the same is not conclusive in so far as the legal

SHAHAJI BHANUDAS BHAD,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, the appeal is partly allowed

ITA 817/PUN/2016[2011-12]Status: DisposedITAT Pune08 Nov 2019AY 2011-12

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Raviआयकर अपील सं. / Ita Nos. 813 To 818/Pun/2016 िनधा"रण वष" / Assessment Years : 2007-08 To 2012-13

Section 132Section 132(4)Section 133ASection 143(3)Section 153A

section 132(4), which delineates that the statement made by the assessee may or may not be used as evidence in the assessment proceedings. The nitty gritty of the matter is that though a statement made u/s 132(4) carries immense weight and works as an evidence, but the same is not conclusive in so far as the legal

SHAHAJI BHANUDAS BHAD,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, the appeal is partly allowed

ITA 814/PUN/2016[2008-09]Status: DisposedITAT Pune08 Nov 2019AY 2008-09

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Raviआयकर अपील सं. / Ita Nos. 813 To 818/Pun/2016 िनधा"रण वष" / Assessment Years : 2007-08 To 2012-13

Section 132Section 132(4)Section 133ASection 143(3)Section 153A

section 132(4), which delineates that the statement made by the assessee may or may not be used as evidence in the assessment proceedings. The nitty gritty of the matter is that though a statement made u/s 132(4) carries immense weight and works as an evidence, but the same is not conclusive in so far as the legal

DEPUTY COMMISSIONER OF INCOME-TAX vs. SHRI SHAHAJI BHANUDAS BHAD,, PUNE

In the result, the appeal is partly allowed

ITA 951/PUN/2016[2009-10]Status: DisposedITAT Pune08 Nov 2019AY 2009-10

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Raviआयकर अपील सं. / Ita Nos. 813 To 818/Pun/2016 िनधा"रण वष" / Assessment Years : 2007-08 To 2012-13

Section 132Section 132(4)Section 133ASection 143(3)Section 153A

section 132(4), which delineates that the statement made by the assessee may or may not be used as evidence in the assessment proceedings. The nitty gritty of the matter is that though a statement made u/s 132(4) carries immense weight and works as an evidence, but the same is not conclusive in so far as the legal

SHAHAJI BHANUDAS BHAD,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, the appeal is partly allowed

ITA 813/PUN/2016[2007-08]Status: DisposedITAT Pune08 Nov 2019AY 2007-08

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Raviआयकर अपील सं. / Ita Nos. 813 To 818/Pun/2016 िनधा"रण वष" / Assessment Years : 2007-08 To 2012-13

Section 132Section 132(4)Section 133ASection 143(3)Section 153A

section 132(4), which delineates that the statement made by the assessee may or may not be used as evidence in the assessment proceedings. The nitty gritty of the matter is that though a statement made u/s 132(4) carries immense weight and works as an evidence, but the same is not conclusive in so far as the legal

DEPUTY COMMISSIONER OF INCOME-TAX vs. SHRI SHAHAJI BHANUDAS BHAD,, PUNE

In the result, the appeal is partly allowed

ITA 952/PUN/2016[2010-11]Status: DisposedITAT Pune08 Nov 2019AY 2010-11

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Raviआयकर अपील सं. / Ita Nos. 813 To 818/Pun/2016 िनधा"रण वष" / Assessment Years : 2007-08 To 2012-13

Section 132Section 132(4)Section 133ASection 143(3)Section 153A

section 132(4), which delineates that the statement made by the assessee may or may not be used as evidence in the assessment proceedings. The nitty gritty of the matter is that though a statement made u/s 132(4) carries immense weight and works as an evidence, but the same is not conclusive in so far as the legal

SHAHAJI BHANUDAS BHAD,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, the appeal is partly allowed

ITA 818/PUN/2016[2012-13]Status: DisposedITAT Pune08 Nov 2019AY 2012-13

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Raviआयकर अपील सं. / Ita Nos. 813 To 818/Pun/2016 िनधा"रण वष" / Assessment Years : 2007-08 To 2012-13

Section 132Section 132(4)Section 133ASection 143(3)Section 153A

section 132(4), which delineates that the statement made by the assessee may or may not be used as evidence in the assessment proceedings. The nitty gritty of the matter is that though a statement made u/s 132(4) carries immense weight and works as an evidence, but the same is not conclusive in so far as the legal

M/S OM NAMAH SHIVAY TRADING COMPANY,,PARAOLA vs. DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE -1,, JALGAON

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

ITA 511/PUN/2023[2017-18]Status: DisposedITAT Pune29 Apr 2024AY 2017-18

Bench: Shri R. K. Panda & Shri S.S. Godaraassessment Year : 2017-18

For Appellant: Shri Sanket M JoshiFor Respondent: Shri Ramnath P Murkunde
Section 131Section 131(1)(d)Section 133(6)Section 143(2)Section 68

section 68 the recipient has to prove identity, creditworthiness and genuineness of the transaction. In the present case only identity has been proved as Mr Harish Kantilal Shah in a statement before the investigation wing Mumbai and on the overall perspective of evidence furnished by the appellant do not seem to have much creditworthiness. As regards as genuineness

INCOME-TAX OFFICER vs. AKASH FARMS PVT. LTD.,, AURANGABAD

In the result, the appeal of the Revenue is dismissed

ITA 1482/PUN/2016[2012-13]Status: DisposedITAT Pune12 Jul 2019AY 2012-13

Bench: Shri D. Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर अपील सं. / Ita No.1482/Pun/2016 िनधा"रण वष" / Assessment Year : 2012-13 Ito, Ward-1(1), .......अपीलाथ" / Appellant Aurangabad. बनाम / V/S. M/S. Akash Farms Llp, Nath House, Paithan Road, Aurangabad. ……""यथ" / Respondent Pan : Aadca3303J Revenue By : Smt. Shabana Parveen Assessee By : Shri N. R. Agarwal सुनवाई क" तारीख / Date Of Hearing : 15.05.2019 घोषणा क" तारीख / Date Of Pronouncement : 12.07.2019 आदेश / Order Per D. Karunakara Rao, Am: This Appeal Is Filed By The Revenue Against The Order Of The Cit(A)- 1, Aurangabad Dated 29.04.2016 For The Assessment Year 2012-13. 2. The Revised Grounds Raised By The Revenue Are As Under :- “1. The Ld. Commissioner Of Income-Tax (A)-1 Erred In Passing The Order Both On The Facts Of The Case & In Law. 2. The Ld. Commissioner Of Income-Tax (A)-1 Erred In Failing To Give To The A.O. Reasonable Opportunity Required To Be Given To The A.O. As Per Rule 46A(3) As Only Seven Days Were Given To The A.O. For Examining & Rebutting The Considerable Additional Evidence Produced By The Assessee & For Submitting The Remand Report & The Order Was Passed By Cit(A) On The Very Next Day After The Remand Report Was Due. 3. The Ld. Commissioner Of Income-Tax (A)-1 Erred In Not Upholding The Addition Of Rs.42608528/- In Light Of The Decision By The Hon’Ble Supreme Court In The Case Of Pcit Vs Nra Iron & Steel (P) Ltd. (Reported In 103 Taxmann.Com 48) As In The Instant Case The Investor Company Was In Loss Of Rs.65,459/- & Had Negative Figures Of Reserve & Surplus Of Rs.3.60 Crores.

For Appellant: Shri N. R. AgarwalFor Respondent: Smt. Shabana Parveen
Section 143(3)Section 68

4 of the Paper Book-1 constitute ledger copies of the shareholders in the books of M/s Nath Securities Ltd.. The relevant financial statements are available at pages 5 to 15 of Paper Book-1. Referring to pages 16 to 23 of Paper Book-1, ld. Counsel submitted that these are the copies of affidavits filed by the representatives

KAPIL ALCOTECH LLP,AURANGABAD vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE - 1, AURANGABAD

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

ITA 557/PUN/2024[2020-21]Status: DisposedITAT Pune09 Aug 2024AY 2020-21

Bench: Shri R. K. Panda & Ms Astha Chandraassessment Year : 2020-21

For Appellant: Shri K P DewaniFor Respondent: Shri Pankaj Kumar
Section 143(2)Section 143(3)Section 250Section 250(1)Section 68Section 69C

4 10) The addition made by learned A.O. and upheld by CIT(A) at Rs.1,18,82,797/- on account of credit in capital account of partner Shri Harleensingh Sethi u/s 68 of I.T. Act, 1961 is unjustified, unwarranted and excessive. 11) The addition made by learned A.O. and upheld by CIT(A) at Rs.22,66,14,480/- on account

GOODYEAR SOUTH ASIA TYRES PVT.LTD,,AURNAGABAD vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE - 1,, AURANGABAD

In the result, both the appeals are partly allowed

ITA 1763/PUN/2019[2015-16]Status: DisposedITAT Pune21 Oct 2020AY 2015-16

Bench: Shri R.S. Syal & Shri Partha Sarathi Chaudhuryिनधा"रण वष" / Assessment Year : 2014-15

Section 143(3)

4. Succinctly, the factual panorama of the case is that the assessee is an Indian company engaged in the manufacturing of Goodyear branded Medium, Commercial truck tyres, Wire built tyres, Road tyres and Rear farm tyres. Return of income was furnished declaring total income of Rs.75.83 crore. After set-off of brought forward depreciation/loss of Rs.56.74 crore, income was arrived

GOODYEAR SOUTH ASIA TYRES PVT.LTD,,AURANGABAD vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE - 1,, AURANGABAD

In the result, both the appeals are partly allowed

ITA 1736/PUN/2018[2014-15]Status: DisposedITAT Pune21 Oct 2020AY 2014-15

Bench: Shri R.S. Syal & Shri Partha Sarathi Chaudhuryिनधा"रण वष" / Assessment Year : 2014-15

Section 143(3)

4. Succinctly, the factual panorama of the case is that the assessee is an Indian company engaged in the manufacturing of Goodyear branded Medium, Commercial truck tyres, Wire built tyres, Road tyres and Rear farm tyres. Return of income was furnished declaring total income of Rs.75.83 crore. After set-off of brought forward depreciation/loss of Rs.56.74 crore, income was arrived