SONAL SANDEEP SATAV,PUNE vs. PCIT, PUNE-2, PUNE

In the result, the appeal of the assessee is dismissed

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

68 r.w.s. 115BBE of the Act should have been applied in this regard and the decision of the Ld. AO to not draw any adverse inference about the substantive loan of Rs.3,37,65,561/- was not only erroneous but also prejudicial to the interest of Revenue. 3.5 The assessee filed her detailed reply to the show cause notice issued

VINAYAK HANUMANTRAO GHORPADE,PUNE vs. VAISHNAVI SATISH BANKAR, PUNE

In the result, appeal in ITA No

Bench: Dr.Dipak P. Ripote & Shri Vinay Bhamoreआयकर अपऩल सं. / Ita Nos.1438 & 1439/Pun/2024 निर्धारण वषा / Assessment Years: 2019-20 & 2020-21 Vinayak Hanumantrao V Vaishnavi Satish Bankar, Ghorpade, S. Pune. F.No.7, Plot No.60/61, S.No.165/1B, Shivanjali, Near Central Circle-1(3), Pune. Mahadev Temple, Indira Nagar, Pune – 411033. Pan: Afdpg6919A Appellant/ Assessee Respondent / Revenue Assessee By Shri Pramod S Shingte Revenue By Shri Aviyogi Ambadkar –Addl.Cit Date Of Hearing 11/09/2025 Date Of Pronouncement 08/12/2025 आदेश/ Order Per Dr. Dipak P. Ripote, Am: These Two Appeals Filed By The Assessee Are Against The Common Order Of Ld.Commissioner Of Income Tax(Appeal), Pune-11 Passed Under Section 250 Of The Income Tax Act, 1961 For A.Y.2019-20 & 2020-21, Both Dated 02.05.2024 Emanating From Separate Assessment Order U/S.153A R.W.S 144 Of The I.T.Act, Both Dated 23.09.2021.For The Sake Of Convenience, These Two Appeals

292 without appreciating the facts of the case and further rejecting the appellant’s contention that copy of loan account statement wherein the interest paid is clearly reflected, should be sufficient compliance of the supporting documents called for. Your appellant prays for deleting the disallowance of such interest. 2. On the facts and in the circumstances of the case

VINAYAK HANUMANTRAO GHORPADE,PUNE vs. INCOME TAX OFFICER, PUNE

In the result, appeal in ITA No

Bench: Dr.Dipak P. Ripote & Shri Vinay Bhamoreआयकर अपऩल सं. / Ita Nos.1438 & 1439/Pun/2024 निर्धारण वषा / Assessment Years: 2019-20 & 2020-21 Vinayak Hanumantrao V Vaishnavi Satish Bankar, Ghorpade, S. Pune. F.No.7, Plot No.60/61, S.No.165/1B, Shivanjali, Near Central Circle-1(3), Pune. Mahadev Temple, Indira Nagar, Pune – 411033. Pan: Afdpg6919A Appellant/ Assessee Respondent / Revenue Assessee By Shri Pramod S Shingte Revenue By Shri Aviyogi Ambadkar –Addl.Cit Date Of Hearing 11/09/2025 Date Of Pronouncement 08/12/2025 आदेश/ Order Per Dr. Dipak P. Ripote, Am: These Two Appeals Filed By The Assessee Are Against The Common Order Of Ld.Commissioner Of Income Tax(Appeal), Pune-11 Passed Under Section 250 Of The Income Tax Act, 1961 For A.Y.2019-20 & 2020-21, Both Dated 02.05.2024 Emanating From Separate Assessment Order U/S.153A R.W.S 144 Of The I.T.Act, Both Dated 23.09.2021.For The Sake Of Convenience, These Two Appeals

292 without appreciating the facts of the case and further rejecting the appellant’s contention that copy of loan account statement wherein the interest paid is clearly reflected, should be sufficient compliance of the supporting documents called for. Your appellant prays for deleting the disallowance of such interest. 2. On the facts and in the circumstances of the case

DY. COMMISSIONER OF INCOME TAX, PUNE vs. INDUS BIOTECH PRIVATE LIMITED, PUNE

Appeal is dismissed

Bench: Shri R.K. Panda & Shri S.S. Godara"नधा"रण वष" / Assessment Year : 2018-19 Dcit, Vs. Indus Biotech Pvt. Ltd. Circle-1(1), 1, Rahul Residency, Pune Plot Nos.6 & 7, Off Salunke Vihar Road, Kondhwa, Kondhwa Bk B.O., Pune – 411048 Maharashtra Pan: Aaaci5708E Appellant Respondent

292 ITR 310 (Mad). It has also been held in the case of Ambica Mills Ltd vs CIT 54 ITR 167 (Guj) that liability shown in the balance sheet is a clear case of acknowledging the liability and such liability cannot be treated to have ceased so as to attract section 41(1). That being so, where

MOHD. ARIF PATEL,,RAIGAD vs. ASSISTANT COMMISSIONER OF INCOME-TAX,, PANVEL

In the result, the appeal of assessee is allowed

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita No.604/Pun/2016 यििाारण वषा / Assessment Year : 2008-09 Mr. Mohd Arif Patel, Patel Mohalla, Panvel, अऩीऱाथी/Appellant Dist. Raigad …. Pan: Abypp0492L Vs. The Asst. Commissioner Of Income Tax, …. प्रत्यथी / Respondent Panvel Circle

68 of the Act and the same was brought to tax as Income from other sources. 3 Mohd Arif Patel Since the said income had not offered by the assessee in his return of income, penalty proceedings under section 271(1)(c) of the Act for concealing the income or furnishing inaccurate particulars of income were initiated by issuing

JAYDEV MAHADEV ARYA,LATUR vs. ITO WARD 1, LATUR, LATUR

In the result, all the three appeals filed by the assessee are partly allowed

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

section 68/ 69 of the IT Act, 1961.In many cases, the depositors may be mere name-lenders. 4. Details of your assessee: Details as provided in the enclosed excel sheet contains Name (surname first) and PAN of the assessees along with their account numbers of account held by them in the Society. Financial Year-wise credits have been provided

JAYDEV MAHADEV ARYA,LATUR vs. ITO WARD 1, LATUR, LATUR

In the result, all the three appeals filed by the assessee are partly allowed

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

section 68/ 69 of the IT Act, 1961.In many cases, the depositors may be mere name-lenders. 4. Details of your assessee: Details as provided in the enclosed excel sheet contains Name (surname first) and PAN of the assessees along with their account numbers of account held by them in the Society. Financial Year-wise credits have been provided

INCOME TAX OFFICER WARD 1 , LATUR vs. VIMAL JAYDEV ARYA, LATUR

In the result, the appeal filed by the Revenue is partly allowed and the CO filed by the assessee is dismissed

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2015-16

section 68/ 69 of the IT Act, 1961.In many cases, the depositors may be mere name-lenders. 4. Details of your assessee: Details as provided in the enclosed excel sheet contains Name (surname first) and PAN of the assessees along with their account numbers of account held by them in the Society. Financial Year-wise credits have been provided

ASSISTANT COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE - 1,, AURANGABAD vs. M/S. M.B. PATIL CONSTRUCTION LTD,, AURANGABAD

In the result, the cross appeal filed by the Revenue in ITA

Bench: SHRI MANISH BORAD (Accountant Member), SHRI VINAY BHAMORE (Judicial Member)

section 2(22)(e) limits the amount of deemed dividend to the extent of accumulated profits of the lender company (i.e. M/s. Patil Construction & Infrastructure Ltd. Since the accumulated profits in audit report of M/s. Patil Construction & Infrastructure Ltd. was Rs.49,59,14,779/- accordingly deemed dividend in the hands of the assessee company M/s M. B. Patil Construction

M/S. M.B.PATIL CONSTRUCTIONS LTD,,AURANGABAD vs. DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE - 1,, AURANGABAD

In the result, the cross appeal filed by the Revenue in ITA

Bench: SHRI MANISH BORAD (Accountant Member), SHRI VINAY BHAMORE (Judicial Member)

section 2(22)(e) limits the amount of deemed dividend to the extent of accumulated profits of the lender company (i.e. M/s. Patil Construction & Infrastructure Ltd. Since the accumulated profits in audit report of M/s. Patil Construction & Infrastructure Ltd. was Rs.49,59,14,779/- accordingly deemed dividend in the hands of the assessee company M/s M. B. Patil Construction

ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE - 3 , PUNE vs. SHRI. PRITAM SUBHASH MAHALE, PUNE

Bench: Shri S. S. Godara & Shri G. D. Padmahshaliआयकर अपऩल सं. / Ita No.183/Pun/2020 निर्धारण वर्ा / Assessment Year : 2009-2010 Asstt. Commissioner Of Income Tax, Circle-3, Pune. . . . . . . . अपऩलधथी / Appellant बनाम / V/S. Shri Pritam S Mahale F.No-01, Nihar Apartment, Mayur Colony, Kothrud, Pune-29. . . . . . . . प्रत्यथी / Respondent द्वारा / Appearances Assessee By : None For The Assessee Revenue By : Shri M. G. Jasnani सपिवधई की तधरऩख / Date Of Conclusive Hearing : 03/10/2022 घोर्णध की तधरऩख / Date Of Pronouncement : 15/11/2022 आदेश / Order Per G. D. Padmahshali, Am; The Present Appeal Of The Revenue Is Assailed Against The Order Of The Commissioner Of Income Tax (Appeals)-3, Pune [For Short “Cit(A)”] Dt. 20/11/2019 Passed U/S 250 Of The Income-Tax Act, 1961 [For Short “The Act”] Which Emanated Out Of The Assessment Order Dt. 09/03/2015 Passed U/S 143(3) R.W.S. 147 Of The Act, By The Dy. Commissioner Of Income Tax-Circle-3, Pune [For Short “Ao”] For The Assessment Year 2009-10. 2. The Grounds As Raised In The Memorandum Are;

292 CTR 354 (SC), the revenue is in appeal on the grounds set in para 2 herein before. 4. When the matter called up at physical hearing, none represented the assessee, in the interest of justice we proceeded to adjudicate the matter following rule 25 of the ITAT-Rules, which empowers this Tribunal to decide the appeal ex–parte

BRAHM PRECISION MATERIALS PVT LTD,AURANGABAD vs. CIT(A), NATIONAL FACELESS APPEAL CENTRE (NFAC) DELHI

In the result, appeal of the assessee for A

section\n115BBE may be vacated/cancelled/quashed.\n4. The Ld. CIT (A) has erred in upholding the action of the\nAssessing Officer in making the ad-hoc addition on account of the\nexcess cost of raw material consumed, and in confirming the addition\nto the extent of Rs.1,14,55,271/- on ad-hoc basis at the rate

BRAHM PRECISION MATERIALS PVT. LTD.,AURANGABAD vs. COMMISSIONER OF INCOME TAX (APPEALS), NATIONAL FACELESS APPEAL CENTRE, NEW DELHI

In the result, appeal of the assessee for A

section\n115BBE may be vacated/cancelled/quashed.\n\n4. The Ld. CIT (A) has erred in upholding the action of the\nAssessing Officer in making the ad-hoc addition on account of the\nexcess cost of raw material consumed, and in confirming the addition\nto the extent of Rs.1,14,55,271/- on ad-hoc basis at the rate

INTERVALVE POONAWALLA PVT. LTD. ,PUNE vs. DCIT, CENTRAL CIRCLE 1(1), PUNE, PUNE

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

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2014-15 Intervalve Poonawalla Pvt. Ltd. Dcit, Central Circle 1(1), Fin Div. 16/B-1, Sarosh Bhavan, Pune Vs. 2Nd Floor, Dr. Ambedkar Road, Opp. Niv, Pune – 411001 Pan: Aaaci3917P (Appellant) (Respondent) Assessee By : Shri Nikhil S Pathak & Vishnu Bhutada Department By : Shri Ramnath P Murkunde Date Of Hearing : 14-05-2025 Date Of Pronouncement : 04-06-2025 O R D E R

68,970/-. The case was selected for scrutiny and statutory notices u/s 143(2) and 142(1) of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) were issued and served on the assessee in response to which the AR of the assessee appeared before the Assessing Officer from time to time and filed the requisite details

JAWAHAR LAL NEHRU PORT TRUST,NAVI MUMBAI vs. ACIT PANVEL, PANVEL

In the result, all the three appeals filed by the Revenue are dismissed and all the three appeals filed by the assessee are partly allowed

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

section 43B of the Act. He similarly noted that the assessee had also made payment of Rs.6.40 crores to LIC on account of employees’ gratuity fund from the date of its incorporation till 31.03.2003 whereas the expenses for the year was only Rs.1.10 crores. Thus the assessee has made additional claim of Rs.5.30crores. According to the Assessing Officer since

DEPUTY COMMISSIONER OF INCOME-TAX vs. THE JAWAHARLAL NEHRU PORT TRUST,, RAIGAD

In the result, all the three appeals filed by the Revenue are dismissed and all the three appeals filed by the assessee are partly allowed

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

section 43B of the Act. He similarly noted that the assessee had also made payment of Rs.6.40 crores to LIC on account of employees’ gratuity fund from the date of its incorporation till 31.03.2003 whereas the expenses for the year was only Rs.1.10 crores. Thus the assessee has made additional claim of Rs.5.30crores. According to the Assessing Officer since

JAWAHAR LAL NEHRU PORT TRUST,NAVI MUMBAI vs. ACIT PANVEL, PANVEL

In the result, all the three appeals filed by the Revenue are dismissed and all the three appeals filed by the assessee are partly allowed

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

section 43B of the Act. He similarly noted that the assessee had also made payment of Rs.6.40 crores to LIC on account of employees’ gratuity fund from the date of its incorporation till 31.03.2003 whereas the expenses for the year was only Rs.1.10 crores. Thus the assessee has made additional claim of Rs.5.30crores. According to the Assessing Officer since

JAWAHAR LAL NEHRU PORT TRUST,NAVI MUMBAI vs. ACIT PANVEL, PANVEL

In the result, all the three appeals filed by the Revenue are dismissed and all the three appeals filed by the assessee are partly allowed

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

section 43B of the Act. He similarly noted that the assessee had also made payment of Rs.6.40 crores to LIC on account of employees’ gratuity fund from the date of its incorporation till 31.03.2003 whereas the expenses for the year was only Rs.1.10 crores. Thus the assessee has made additional claim of Rs.5.30crores. According to the Assessing Officer since