DCIT, CENTRAL CIRCLE-1, AURANGABAD, AURANGABAD vs. SMT. ASHA BHAGWANRAO KADAM, PUNE

In the result, all the appeals filed by the Revenue as well as the assessee are allowed for statistical purposes

Bench: Shri R. K. Panda & Ms. Astha Chandrait(Ss)A Nos.39 & 40/Pun/2024 Assessment Year : 2019-20

68 r.w.s 115BBE of the Act as unexplained credit. The action of Learned Assessing Officer is contrary to his own presumption that cash receipts from Dattatray N. Kotgire are cash loan entries therefore he initiated independent proceedings for initiating penalty under section 271D and 271E

DCIT, CENTRAL CIRCLE-1, AURANGABAD vs. SMT. ASHA B. KADAM, PUNE

In the result, all the appeals filed by the Revenue as well as the assessee are allowed for statistical purposes

Bench: Shri R. K. Panda & Ms. Astha Chandrait(Ss)A Nos.39 & 40/Pun/2024 Assessment Year : 2019-20

68 r.w.s 115BBE of the Act as unexplained credit. The action of Learned Assessing Officer is contrary to his own presumption that cash receipts from Dattatray N. Kotgire are cash loan entries therefore he initiated independent proceedings for initiating penalty under section 271D and 271E

SMT ASHA BHAGWANRAO KADAM,PUNE vs. DCIT CENTRAL CIRCLE 1, AURANGABAD

In the result, all the appeals filed by the Revenue as well as the assessee are allowed for statistical purposes

Bench: Shri R. K. Panda & Ms. Astha Chandrait(Ss)A Nos.39 & 40/Pun/2024 Assessment Year : 2019-20

68 r.w.s 115BBE of the Act as unexplained credit. The action of Learned Assessing Officer is contrary to his own presumption that cash receipts from Dattatray N. Kotgire are cash loan entries therefore he initiated independent proceedings for initiating penalty under section 271D and 271E

DCIT, CENTRAL CIRCLE-1, AURANGABAD vs. SMT. ASHA BHAGWANRAO KADAM, PUNE

In the result, all the appeals filed by the Revenue as well as the assessee are allowed for statistical purposes

Bench: Shri R. K. Panda & Ms. Astha Chandrait(Ss)A Nos.39 & 40/Pun/2024 Assessment Year : 2019-20

68 r.w.s 115BBE of the Act as unexplained credit. The action of Learned Assessing Officer is contrary to his own presumption that cash receipts from Dattatray N. Kotgire are cash loan entries therefore he initiated independent proceedings for initiating penalty under section 271D and 271E

SMT ASHA BHAGWANRAO KADAM,PUNE vs. DCIT CENTRAL CIRCLE 1, AURANGABAD

In the result, all the appeals filed by the Revenue as well as the assessee are allowed for statistical purposes

Bench: Shri R. K. Panda & Ms. Astha Chandrait(Ss)A Nos.39 & 40/Pun/2024 Assessment Year : 2019-20

68 r.w.s 115BBE of the Act as unexplained credit. The action of Learned Assessing Officer is contrary to his own presumption that cash receipts from Dattatray N. Kotgire are cash loan entries therefore he initiated independent proceedings for initiating penalty under section 271D and 271E

SMT ASHA BHAGWANRAO KADAM,PUNE vs. DCIT CENTRAL CIRCLE 1, AURANGABAD

In the result, all the appeals filed by the Revenue as well as the assessee are allowed for statistical purposes

Bench: Shri R. K. Panda & Ms. Astha Chandrait(Ss)A Nos.39 & 40/Pun/2024 Assessment Year : 2019-20

68 r.w.s 115BBE of the Act as unexplained credit. The action of Learned Assessing Officer is contrary to his own presumption that cash receipts from Dattatray N. Kotgire are cash loan entries therefore he initiated independent proceedings for initiating penalty under section 271D and 271E

SMT ASHA BHAGWANRAO KADAM,PUNE vs. DCIT CENTRAL CIRCLE 1, AURANGABAD

In the result, all the appeals filed by the Revenue as well as the assessee are allowed for statistical purposes

Bench: Shri R. K. Panda & Ms. Astha Chandrait(Ss)A Nos.39 & 40/Pun/2024 Assessment Year : 2019-20

68 r.w.s 115BBE of the Act as unexplained credit. The action of Learned Assessing Officer is contrary to his own presumption that cash receipts from Dattatray N. Kotgire are cash loan entries therefore he initiated independent proceedings for initiating penalty under section 271D and 271E

UNIQUE AUTOMOBILES ,,SANGLI vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE - 2,, SANGLI

In the result, the appeal stands dismissed

Bench: Shri S.S.Godara & Dr. Dipak P. Ripoteआयकर अपीलसं. / Ita No.477/Pun/2018 िनधा"रणवष" / Assessment Year : 2004-05 Unique Automobiles, The Cit(A), Kolhapur. 32, Jayraj, Near Tata Petrol Vs Pump, Vishrambag, Sangli – . 416416. Pan: Aaafu 3563 A Appellant/ Assessee Respondent /Revenue Assessee By None. Revenue By Shri M.G.Jansnani - Dr Date Of Hearing 11/07/2022 Date Of Pronouncement 05/08/2022 आदेश/ Order Per S.S.Godara, Jm: This Assessee’S Appeal For Assessment Year 2004-05 Is Directed Against The Commissioner Of Income Tax(Appeals)-1, Kolhapur’S Order Dated 01.11.2017 Passed In Appeal No. Sli/093/10- 11, In Proceedings U/S.271B Of The Income Tax Act, 1961 [In Short “The Act”].

271E , 28 [ section 271F. 29 1 section 271 FA ,] 30[ section 271FB, ] 3.1 [ section 271G.1] clause (c) or clause (d) of sub-section (1) or sub-section (2) of section 272A. sub- section (1) of section 272AA1 or 32 [ section 272B or] 33 [sub- section (1) of section

DY.COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 1, AURANGBAD, AURANGBAD vs. SANJAY SUGANCHAND KASLIWAL, AURANGABAD

In the result, the appeal filed by the Revenue is dismissed\nand the Cross Objection filed by the assessee is partly allowed as\nper terms indicated above

271E of the Act.\nAgain, the assessee filed reply on 14.03.2022 and stated that the\nstatement given by him before the police authorities was under\ncoercion, threat and undue pressure and even that statement\nwas not signed and thus he denied the contents of his statement\nrecorded by the police authorities. It was also stated that Mr.\nPankaj Radheshyam Agrawal

INCOME TAX OFFICER, RATNAGIRI vs. JAGRUT MOTORS, RATNAGIRI

Appeal of the Revenue is DISMISSED

Bench: Hon’Ble Shri S. S. Godara & Shri G. D. Padmahshaliassessment Year : 2012-13 Income Tax Officer, Ratnagiri . . . . . . . . Appellant बनाम / V/S. M/S Jagrut Motors, D-25, Midc, Mirjole, Ratnagiri– 415 639 Pan : Aadfj1431D . . . . . . Respondent Appearances Assessee By : None For The Assessee Revenue By : Mr Ramnath Murkunde [‘Ld. Dr’] सुनवाई की तारीख / Date Of Conclusive Hearing : 28/05/2024 घोषणा की तारीख / Date Of Pronouncement : 28/05/2024 Order Per G.D. Padmahshali, Am; The Present Appeal Of The Revenue Anent To Assessment Year 2012-13 [For Short ‘Ay’] Is Assailed Against The First Appellate Order Of National Faceless Appeal Centre, Delhi [For Short ‘Cit(A) /Nfac’] Dt. 19/12/2023 Passed U/S 250 Of The Income- Tax Act, 1961 [For Short ‘The Act’], Which Ascended Out Of Order Of Penalty Dt. 14/03/2019 Passed U/S 271E By The Jcit Ratnagiri Range, Ratnagiri [For Short ‘Ao’]

68,90,000/- in cash to its sister concern against the repayment of loans/advance ₹75,34,545/- taken by it in discharging its Maharashtra Value Added Tax [in short ‘MVAT’] Liability which was paid by its sister concern. 3.3 On a reference from the assessing officer, the Ld. AO initiated the penalty proceedings by issue of show cause notice