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

unexplained cash credit in the books and the assessee is unable to explain the nature and source to the satisfaction of the Assessing Officer and the same is treated as income. It means that the amount which are credited in the books of account and not shown as income, i.e. they have shown as liability or any other credit

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

unexplained cash credit in the books and the assessee is unable to explain the nature and source to the satisfaction of the Assessing Officer and the same is treated as income. It means that the amount which are credited in the books of account and not shown as income, i.e. they have shown as liability or any other credit

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

unexplained cash credit in the books and the assessee\nis unable to explain the nature and source to the satisfaction\nof the Assessing Officer and the same is treated as income. It\nmeans that the amount which are credited in the books of\naccount and not shown as income, i.e. they have shown as\nliability or any other credit

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

unexplained cash credit in the books and the assessee\nis unable to explain the nature and source to the satisfaction\nof the Assessing Officer and the same is treated as income. It\nmeans that the amount which are credited in the books of\naccount and not shown as income, i.e. they have shown as\nliability or any other credit

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

unexplained cash credit in the books and the assessee\nis unable to explain the nature and source to the satisfaction\nof the Assessing Officer and the same is treated as income. It\nmeans that the amount which are credited in the books of\naccount and not shown as income, i.e. they have shown as\nliability or any other credit

ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, NASHIK, NASHIK vs. MADANLAL LALCHAND JAIN, NANDURBAR

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

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2021-22 Madanlal Lalchand Jain Acit, Central Circle-2, Vibhare Building, Nashik Near City Police Station, Vs. Hat Darwaja Station Road, Nandurbar – 425412 Pan: Abkpj3633K (Appellant) (Respondent) Assessment Year : 2021-22 Acit, Central Circle-2, Madanlal Lalchand Jain Nashik Vibhare Building, Vs. Near City Police Station, Hat Darwaja Station Road, Nandurbar – 425412 Pan: Abkpj3633K (Appellant) (Respondent) Co No.42/Pun/2025 Assessment Year : 2021-22 Madanlal Lalchand Jain Acit, Central Circle-2, Vibhare Building, Nashik Near City Police Station, Vs. Hat Darwaja Station Road, Nandurbar – 425412 Pan: Abkpj3633K (Appellant) (Respondent) Assessment Year : 2022-23 Madanlal Lalchand Jain Acit, Central Circle-2, Vibhare Building, Nashik Near City Police Station, Vs. Hat Darwaja Station Road, Nandurbar – 425412 Pan: Abkpj3633K (Appellant) (Respondent) : Shri Nikhil S Pathak Department By : Shri Amol Khairnar, Cit-Dr Date Of Hearing : 03-11-2025 Date Of Pronouncement : 21-11-2025 O R D E R Per Bench:

unexplained investment under section 69B of the Act. 3. The Assessing Officer further noted that during the course of search action, loose paper of Annexure A-2 was found and seized from the office premise of the assessee. The pages from 22 to 47 contained various cash transactions entered by the assessee. In the search proceedings, the assessee had submitted

MADANLAL LALCHAND JAIN,NANDURBAR vs. ACIT CENTRAL CIRCLE 2, NASHIK

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

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2021-22 Madanlal Lalchand Jain Acit, Central Circle-2, Vibhare Building, Nashik Near City Police Station, Vs. Hat Darwaja Station Road, Nandurbar – 425412 Pan: Abkpj3633K (Appellant) (Respondent) Assessment Year : 2021-22 Acit, Central Circle-2, Madanlal Lalchand Jain Nashik Vibhare Building, Vs. Near City Police Station, Hat Darwaja Station Road, Nandurbar – 425412 Pan: Abkpj3633K (Appellant) (Respondent) Co No.42/Pun/2025 Assessment Year : 2021-22 Madanlal Lalchand Jain Acit, Central Circle-2, Vibhare Building, Nashik Near City Police Station, Vs. Hat Darwaja Station Road, Nandurbar – 425412 Pan: Abkpj3633K (Appellant) (Respondent) Assessment Year : 2022-23 Madanlal Lalchand Jain Acit, Central Circle-2, Vibhare Building, Nashik Near City Police Station, Vs. Hat Darwaja Station Road, Nandurbar – 425412 Pan: Abkpj3633K (Appellant) (Respondent) : Shri Nikhil S Pathak Department By : Shri Amol Khairnar, Cit-Dr Date Of Hearing : 03-11-2025 Date Of Pronouncement : 21-11-2025 O R D E R Per Bench:

unexplained investment under section 69B of the Act. 3. The Assessing Officer further noted that during the course of search action, loose paper of Annexure A-2 was found and seized from the office premise of the assessee. The pages from 22 to 47 contained various cash transactions entered by the assessee. In the search proceedings, the assessee had submitted

MADANLAL LALCHAND JAIN,NANDURBAR vs. ACIT CENTRAL CIRCLE 2, NASHIK

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

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2021-22 Madanlal Lalchand Jain Acit, Central Circle-2, Vibhare Building, Nashik Near City Police Station, Vs. Hat Darwaja Station Road, Nandurbar – 425412 Pan: Abkpj3633K (Appellant) (Respondent) Assessment Year : 2021-22 Acit, Central Circle-2, Madanlal Lalchand Jain Nashik Vibhare Building, Vs. Near City Police Station, Hat Darwaja Station Road, Nandurbar – 425412 Pan: Abkpj3633K (Appellant) (Respondent) Co No.42/Pun/2025 Assessment Year : 2021-22 Madanlal Lalchand Jain Acit, Central Circle-2, Vibhare Building, Nashik Near City Police Station, Vs. Hat Darwaja Station Road, Nandurbar – 425412 Pan: Abkpj3633K (Appellant) (Respondent) Assessment Year : 2022-23 Madanlal Lalchand Jain Acit, Central Circle-2, Vibhare Building, Nashik Near City Police Station, Vs. Hat Darwaja Station Road, Nandurbar – 425412 Pan: Abkpj3633K (Appellant) (Respondent) : Shri Nikhil S Pathak Department By : Shri Amol Khairnar, Cit-Dr Date Of Hearing : 03-11-2025 Date Of Pronouncement : 21-11-2025 O R D E R Per Bench:

unexplained investment under section 69B of the Act. 3. The Assessing Officer further noted that during the course of search action, loose paper of Annexure A-2 was found and seized from the office premise of the assessee. The pages from 22 to 47 contained various cash transactions entered by the assessee. In the search proceedings, the assessee had submitted

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

unexplained cash credit under Section 68 of the Act. The\ntribunal while dismissing the appeals filed by the Revenue also observed\non facts that these shares were purchased by respondent on the floor of\nStock Exchange and not from the said broker, deliveries were taken,\ncontract notes were issued and shares were also sold on the floor of\nStock Exchange

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

unexplained cash credit under Section 68 of the Act. The\ntribunal while dismissing the appeals filed by the Revenue also observed\non facts that these shares were purchased by respondent on the floor of\nStock Exchange and not from the said broker, deliveries were taken,\ncontract notes were issued and shares were also sold on the floor of\nStock Exchange

BHADANES HITECH TECHNOLOGY COMPUTER PVT.LTD,,NASHIK vs. INCOME-TAX OFFICER, WARD - 1(1),, NASHIK

Appeal is partly allowed in above terms

Bench: Shri S.S. Godara & Dr. Dipak P. Ripoteनिर्धारण वषा / Assessment Year : 2013-14 Bhadanes Hitech Technology Vs. Ito, Ward Computer Pvt. Ltd. 1(1), Nashik Flat No.10, Padmavishwa Plaza, Nashik Pune Road, Tagore Nagar, Nashik – 422006 Pan : Aadcb9102E Appellant Respondent

Section 68 of the Act for the above amount. The appellant has submitted that all three ingredients such as, credit worthiness, genuineness and the identity of the share applicant have been proved and therefore, the addition should not have been made by the AO. During the course of appellate proceedings, the assessment records were also obtained from

M/S. L.B. KUNJIR,PUNE vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 7, PUNE, PUNE

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

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

section 115BBE no deduction is allowed against deemed income added u/s 68 and 69 to 69D. In this case excess stock of Rs.3,11.76,525/- has been added as unexplained investment

DCIT, PUNE vs. L B KUNJIR, PUNE

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

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

section 115BBE no deduction is allowed against deemed income added u/s 68 and 69 to 69D. In this case excess stock of Rs.3,11.76,525/- has been added as unexplained investment

M/S. L.B. KUNJIR,PUNE vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 7, PUNE, PUNE

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

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

section 115BBE no deduction is allowed against deemed income added u/s 68 and 69 to 69D. In this case excess stock of Rs.3,11.76,525/- has been added as unexplained investment

DCIT CIRCLE 7, BODHI TOWER SALISBURY PARK vs. L B KUNJIR, PUNE

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

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

section 115BBE no deduction is allowed against deemed income added u/s 68 and 69 to 69D. In this case excess stock of Rs.3,11.76,525/- has been added as unexplained investment

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-7, PUNE vs. LB KUNJIR, PUNE

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

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

section 115BBE no deduction is allowed against deemed income added u/s 68 and 69 to 69D. In this case excess stock of Rs.3,11.76,525/- has been added as unexplained investment

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

unexplained cash credit under Section 68 of the Act. The\ntribunal while dismissing the appeals filed by the Revenue also observed\non facts that these shares were purchased by respondent on the floor of\nStock Exchange and not from the said broker, deliveries were taken,\ncontract notes were issued and shares were also sold on the floor of\nStock Exchange

MOHAMMAD OSMAN MOHAMMAF HAROONMOTIWALA,AURANGANBAD vs. PCIT- NASHIK 1, NASHIK

In the result, the appeal of the assessee is allowed

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

unexplained investment u/s 69B of the Act. He, therefore, completed the assessment bringing the said amount of Rs.4,90,566/- to tax @ 60% under the provisions of section 115BBE of the Act vide his order dated 08.09.2021 passed u/s 143(3) r.w.s. 144B of the Act. 3 ITA No.1133/PUN/2024, AY 2019-20 4. The Ld. PCIT examined and verified

DEVENDRA P. SHAH,,PUNE vs. DEPUTY OMMISSIONER OF INCOME-TAX,,

In the result, all the appeals of the assessee are partly allowed for

Bench: Shri D. Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर अपील सं./ Ita Nos. 675 To 679/Pun/2016 िनधा#रण वष# / Assessment Years : 2007-08 To 2011-12

68,10,000 credit u/s.68 Unexplained 3,50,000 -- -- 1,58,06,000 4,00,000 expenditure u/s.69C Unexplained -- -- -- -- 38,41,000 money u/s.69A Unexplained -- -- -- -- 2,20,000 investment in jewellery Unexplained 2,30,970 -- -- -- -- investment in Fixed Deposit u/s.69 Unexplained -- -- 1,06,42,500 -- -- investment in land Excess claim