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

section 68 of the Act. However, so far as the issue of assumption of jurisdiction u/s.147 of the Act is concerned, there is no specific finding by ld.CIT(A). 8. Now the assessee is in appeal before this Tribunal raising various issues including the legal issue and claimed that in view of judgment of Hon’ble Apex Court

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

section 68 of the Act. However, so far as the issue of assumption of jurisdiction u/s.147 of the Act is concerned, there is no specific finding by ld.CIT(A). 8. Now the assessee is in appeal before this Tribunal raising various issues including the legal issue and claimed that in view of judgment of Hon’ble Apex Court

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

section 68\nof the Act. However, so far as the issue of assumption of\njurisdiction u/s.147 of the Act is concerned, there is no\nspecific finding by ld.CIT(A).\n8. Now the assessee is in appeal before this Tribunal raising\nvarious issues including the legal issue and claimed that in\nview of judgment of Hon'ble Apex Court

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

section 68\nof the Act. However, so far as the issue of assumption of\njurisdiction u/s.147 of the Act is concerned, there is no\nspecific finding by ld.CIT(A).\n8. Now the assessee is in appeal before this Tribunal raising\nvarious issues including the legal issue and claimed that in\nview of judgment of Hon'ble Apex Court

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

section 68\nof the Act. However, so far as the issue of assumption of\njurisdiction u/s.147 of the Act is concerned, there is no\nspecific finding by ld.CIT(A).\n8. Now the assessee is in appeal before this Tribunal raising\nvarious issues including the legal issue and claimed that in\nview of judgment of Hon'ble Apex Court

M/S BALAJI DEVELOPERS ,DHULE vs. ITO, WARD 1, DHULE, DHULE

In the result, the appeal of the assessee is allowed

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita No.375/Pun/2024 Assessment Year : 2016-17

section 96 of the RFCTLAAR Act, 2013 : 7 M/s. Balaji Developers 1. Parasnath Vinimay Pvt. Ltd. v. CPC [ITA No. 151/Kol/2023] dated 06.07.2023. 2. Seema Jagdish Patil v. NHRC [(2022) 139 taxmann.com 249 (Bom)(HC)] 3. C. Nanda Kumar v. UOI [(2017) 396 ITR 21 (AP)] 4. Vishwanthan M. CCIT [WP No. 3227 of 2020 (C)/ Kerala HC] dated

ASSISTANT COMMISSIONER OF INCOME TAX, JALGAON vs. SIDHARTH RATANLAL BAFNA, JALGAON

68,24,174 at the special rate under section\n115BBE. Based on the facts, circumstances and legal issues brought out in the\nforegoing paragraphs, I allow the claim that the income in question is a bonafide\nLTCG arising from the sale of M/s. PFL Infotech Ltd. shares, which is exempt from\nincome-tax u/s.10(38) of the Act. Therefore

ASSISTANT COMMISSIONER OF INCOME TAX, JALGAON vs. SIDHARTH RATANLAL BAFNA, JALGAON

68,24,174 at the special rate under section\n115BBE. Based on the facts, circumstances and legal issues brought out in the\nforegoing paragraphs, I allow the claim that the income in question is a bonafide\nLTCG arising from the sale of M/s. PFL Infotech Ltd. shares, which is exempt from\nincome-tax u/s.10(38) of the Act. Therefore

GOPAL EXTRUSIONS PVT LTD,,JALGAON vs. INCOME-TAX OFFICER, WARD - 1(2),, JALGAON

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita. No.1633/Pun/2017 Assessment Year : 2008-09

section 68 5 Rick Lunsford Trade and 67 to 68 SLP dismissed upholding that it is Investment Ltd. Vs CIT [2017] open to the Revenue Department to 77 taxmann.com 110 (SC) make addition on account of alleged share capital u/s 68, where the assessee company has failed. genuineness of its shareholders to show genuineness of its shareholders 6 Navodaya

DEPUTY COMMISSIONER OF INCOME TAX, JALGAON vs. TARADEVI RATANLAL BAFNA, JALGAON

68,24, 174 at the special rate under section\n115BBE. Based on the facts, circumstances and legal issues brought out in the\nforegoing paragraphs, I allow the claim that the income in question is a bonafide\nLTCG arising from the sale of M/s. PFL Infotech Ltd. shares, which is exempt from\nincome-tax u/s.10(38) of the Act. Therefore

PREM GRAIN INDUSTRIES PVT. LTD,JALGOAN vs. DCIT CIRCLE 1, JALGAON, JALGAON

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

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2016-17 Prem Grain Industries Pvt. Ltd. Dcit, Circle – 1, Jalgaon E 2/1, Midc Area, Ahjantha Vs. Road, Jalgaon – 425003 Pan: Aadcp9598E (Appellant) (Respondent) Assessee By : Shri Suresh Anchaliya Department By : Shri S. Sadananda Singh, Jcit Date Of Hearing : 11-11-2025 Date Of Pronouncement : 20-11-2025 O R D E R Per R.K. Panda, Vp: This Appeal Filed By The Assessee Is Directed Against The Order Dated 22.07.2025 Of The Ld. Cit(A), Pune-12 Relating To Assessment Year 2016-17. 2. Facts Of The Case, In Brief, Are That The Assessee Is A Company & Filed Its Return Of Income On 01.09.2016 Declaring Total Income Of Rs.Nil. The Return Was Processed U/S 143(1) Of The Income Tax Act, 1961 (Hereinafter Referred To As ‘The Act’). The Case Was Selected For Limited Scrutiny Through Cass For The Following Issue: “Whether Unsecured Loans Are Genuine & From Disclosed Sources.”

96,067/- b) Risa International Rs.1,15,00,000/- 5. He, therefore, asked the assessee to produce the authorized person of the loan creditors for verification along with documentary evidence. The assessee in response to the same filed the details like copy of return of income, computation of income, copy of audit report, copy of unsecured loans along with confirmation

DATTATRAY HANMANTRAO DESAI,KARAD vs. PRINCIPAL COMMISSIONER OF INCOME TAX, PUNE

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

Bench: Shri R. K. Panda & Ms Astha Chandraassessment Year : 2018-19

section 68. 4 Dadaraje 5,21,96,958/- Unsigned copy No document in support of 6 Anandrao ITR-V for AY identity

DASHRATH KISHANRAO CHOUDHARY,GANGAKHED vs. THE INCOME TAX OFFICER, WARD-1, JALNA

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

Bench: Shri Manish Borad & Ms. Astha Chandra

96,500 + Rs.12,03,000) should not be treated as unexplained cash credit under the provisions of section 68

ANANT KESHAV RAJEGAONKAR,NASHIK vs. THE ASSTT. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 2, NASHIK, NASHIK

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita Nos.1249 To 1252/Pun/2024 Assessment Years : 2013-14, 2014-15 & 2015-16

section 68 of the Act, which were taxed by the AO as business profit, particularly when no notice u/s. 251(2) was issued by the CIT(A). 5. On the basis of facts and in the circumstances of the case and as per law, the Commissioner of Income Tax (Appeals) is not justified in confirming the addition of Rs.7

ANANT KESHAV RAJEGAONKAR,NASHIK vs. THE ASSTT. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 2, NASHIK, NASHIK

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita Nos.1249 To 1252/Pun/2024 Assessment Years : 2013-14, 2014-15 & 2015-16

section 68 of the Act, which were taxed by the AO as business profit, particularly when no notice u/s. 251(2) was issued by the CIT(A). 5. On the basis of facts and in the circumstances of the case and as per law, the Commissioner of Income Tax (Appeals) is not justified in confirming the addition of Rs.7

ANANT KESHAV RAJEGAONKAR,NASHIK vs. THE ASSTT. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 2, NASHIK, NASHIK

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita Nos.1249 To 1252/Pun/2024 Assessment Years : 2013-14, 2014-15 & 2015-16

section 68 of the Act, which were taxed by the AO as business profit, particularly when no notice u/s. 251(2) was issued by the CIT(A). 5. On the basis of facts and in the circumstances of the case and as per law, the Commissioner of Income Tax (Appeals) is not justified in confirming the addition of Rs.7

ANANT KESHAV RAJEGAONKAR,NASHIK vs. THE ASSTT. COMMISSIONER OF OF INCOME TAX , CENTRAL CIRCLE - 2, NASHIK, NASHIK

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita Nos.1249 To 1252/Pun/2024 Assessment Years : 2013-14, 2014-15 & 2015-16

section 68 of the Act, which were taxed by the AO as business profit, particularly when no notice u/s. 251(2) was issued by the CIT(A). 5. On the basis of facts and in the circumstances of the case and as per law, the Commissioner of Income Tax (Appeals) is not justified in confirming the addition of Rs.7

ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE - 1, , NASHIK vs. SMT. PRIYA K. JAGTIYANI, LEGAL HEIR OF LATE SHRI KISHOR C. JAGTIYANI, NASHIK

In the result, the appeal of Revenue is dismissed

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita No.336/Pun/2016 यििाारण वषा / Assessment Year : 2011-12 The Asst. Commissioner Of Income Tax, अऩीऱाथी/Appellant Circle – 1, Nashik …. Vs. Smt. Priya K. Jagtiyani L/H Of Late Kishor Chelaram Jagtiyani Office No.1, Shalimar Towers, Shalimar Chowk, Shivaji Road, …. प्रत्यथी / Respondent Nashik – 422001 Pan: Adepj7743C

section 68 of the Act being loan taken from wife. 5) The appellant prays the order of the Assessing Officer may be restored. 6) The appellant prays to adduce such further evidence to substantiate his case. 3. The issue raised in the present appeal vide ground of appeal No.1 is against deletion of addition of ₹ 98,96

SHRI PARSHWANATH NAGARI SAHAKARI PATHSANSTH,SATARA vs. DCIT, CENTRAL CIRCLE 2(4), PUNE, PUNE

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

Bench: Shri Rama Kanta Panda & Ms. Astha Chandra

96 taxmann 355 (Kerala) wherein it was held that the assesses being a primary agricultural credit cooperative society would not be entitled to benefit of exemption under section 80(P)(2)(a)(i) in respect of cash credit brought to tax under section 68