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

reopening the assessment u/s 147 of the Act for the A.Y.2015-16 are\nreproduced as under:-\n\n1. The assessee is an individual having share income from business profits being Partner in the firms M/s\nBafna Builders and Land Developers, Jalgaon and M/s United Buildcon, Pune, as also having salary income from\nM/s R.C. Bafna Jewellers, a proprietary concern

DCIT CIRCLE 1 NASHIK, NASHIK vs. SHREE SAI PROPERTIES, NASHIK

In the result, appeal of the Revenue is dismissed

Bench: Dr. Manish Borad & Shri Vinay Bhamore

reopening has been carried out on the basis of the incriminating material found in the case of search where the information pertaining to the person other than the searched person, i.e. assessee then the only recourse left with the AO was to frame the assessment u/s.153C r.w.s.143(3) and not u/s.147 of the Act. 18. Based on the above referred

SHRI GANESH SERVA SEVA SANGHA SHRIPUR,SOLAPUR vs. CIT(E), PUNE, PUNE

In the result, the appeal of the assessee is dismissed

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita No.1230/Pun/2024 Assessment Year : 2016-17

Transfer Pricing Officer" shall have the same meaning as assigned to it in the Explanation to section 92CA.] (2) No order shall be made under sub-section (1) after the expiry of two years from the end of the financial year in which the order sought to be revised was passed. (3) Notwithstanding anything contained in sub-section

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

reopening the assessment u/s 147 of the Act for the A.Y.2015-16 are\nreproduced as under:-\n\n1. The assessee is an individual having share income from business profits being Partner in the firms M/s\nBafna Builders and Land Developers, Jalgaon and M/s United Buildcon, Pune, as also having salary income from\nM/s R.C. Bafna Jewellers, a proprietary concern

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

reopening the assessment u/s 147 of the Act for the A.Y.2015-16 are\nreproduced as under:-\n1.\nThe assessee is an individual having share income from business profits being Partner in the firms M/s\nBafna Builders and Land Developers, Jalgaon and M/s United Buildcon, Pune, as also having salary income from\nM/s R.C. Bafna Jewellers, a proprietary concern of Smt Taradevi

ASHOK SOMNATH SONAWANE,NASHIK vs. ITO WARD 2(1) NASHIK, NASHIK MAHARASHTRA

Bench: Shri Manish Borad & Ms. Astha Chandraआयकर अपील सं. / Ita No.2154/Pun/2024 धििाारण वर्ा / Assessment Year : 2013-14 Ashok Somnath Sonawane, Ito, Ward-2(1), Nashik Tara Kutir Bunglow, Mahatma Nagar, Nashik-422005 Vs. Pan : Alops7734A अपीलार्थी / Appellant प्रत्यर्थी / Respondent Assessee By : Shri Suhas Vadulekar (Virtual) Department By : Shri Ramnath P. Murkunde Date Of Hearing : 23-07-2025 Date Of 30-09-2025 Pronouncement : आदेश / Order

price on which actual stamp duty was paid and collected is given, such value has to be adopted as sale consideration irrespective of actual valuation for which the lands were transferred. Therefore, I agree to the Assessing Officer that the consideration of sale has to be 50% of the value assessed by the stamp duty assessor in case

M/S ACCORD MEDIPLUS PVT LTD,PUNE vs. INCOME TAX OFFICER, WARD-1(1), PUNE, PUNE

Bench: Dr.Manish Borad & Shri Vinay Bhamore

reopened the assessment and validly issued the notices required for carrying out the re-assessment proceedings. During the course of re-assessment proceedings, ld. AO only focussed to the issue of Fair Market Value (FMV) of the shares issued by the assessee company and the application of section 56(2)(viib) of the Act. Ld. AO observed that the assessee

M/S ACCORD MEDIPLUS PVT LTD,PUNE vs. INCOME TAX OFFICER, WARD-1(1), PUNE, PUNE

Bench: Dr.Manish Borad & Shri Vinay Bhamore

reopened the assessment and validly issued the notices required for carrying out the re-assessment proceedings. During the course of re-assessment proceedings, ld. AO only focussed to the issue of Fair Market Value (FMV) of the shares issued by the assessee company and the application of section 56(2)(viib) of the Act. Ld. AO observed that the assessee

M/S ACCORD MEDIPLUS PVT LTD,PUNE vs. INCOME TAX OFFICER, WARD-1(1), PUNE, PUNE

Bench: Dr.Manish Borad & Shri Vinay Bhamore

reopened the assessment and validly issued the notices required for carrying out the re-assessment proceedings. During the course of re-assessment proceedings, ld. AO only focussed to the issue of Fair Market Value (FMV) of the shares issued by the assessee company and the application of section 56(2)(viib) of the Act. Ld. AO observed that the assessee

M/S ACCORD MEDIPLUS PVT LTD,PUNE vs. INCOME TAX OFFICER, WARD-1(1), PUNE, PUNE

Bench: Dr.Manish Borad & Shri Vinay Bhamore

reopened the assessment and validly issued the notices required for carrying out the re-assessment proceedings. During the course of re-assessment proceedings, ld. AO only focussed to the issue of Fair Market Value (FMV) of the shares issued by the assessee company and the application of section 56(2)(viib) of the Act. Ld. AO observed that the assessee

M/S ACCORD MEDIPLUS PVT LTD,PUNE vs. INCOME TAX OFFICER, WARD-1(1), PUNE, PUNE

reopened the assessment and validly issued the\nnotices required for carrying out the re-assessment\nproceedings. During the course of re-assessment proceedings,\nld. AO only focussed to the issue of Fair Market Value (FMV) of\nthe shares issued by the assessee company and the application\nof section 56(2)(viib) of the Act. Ld. AO observed that the\nassessee

MARUTI NIVRUTTI BHUJBAL,PUNE vs. ITO, WARD 14(1), PUNE, PUNE

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

Bench: Dr.Manish Borad

reopened for assessment u/s 147 on the basis of certain information about concealment of income related to capital gains on sale of immovable property and assessment completed u/s 143(3) read with sec. 147 of the Act by considering the value of the property sold as assessed by stamp duty valuation authority as the deemed sale consideration received

PUNE MATHADI HAMAL AND OTHER MANUAL WORKERS BOARD,PUNE vs. INCOME TAX OFFICER, WARD-5(1), PUNE, PUNE

In the result, appeal of the assessee is partly allowed

Bench: Shri S.S.Godara & Dr. Dipak P. Ripoteआयकर अपील सं. / Ita No.1012/Pun/2023 िनधा"रण वष" / Assessment Year : 2018-19 Pune Mathadihamal & Other The Income Tax Manual Workers Board, V Officer, Shramashakti Bhavan, S Ward-5(1), Pune. Coomercial Plot No.1, Market Yard, Pune – 411037. Pan: Aaalp0097L Appellant/ Assessee Respondent /Revenue Assessee By Shri Vipul Joshi – Ar Revenue By Shri Ajay Kumar Keshari & Shri Rajesh Gawali– Dr’S Date Of Hearing 17/04/2024 Date Of Pronouncement 27/06/2024 आदेश/ Order Per Dr. Dipak P. Ripote, Am: This Appeal Filed By The Assessee Is Against The Orders Of Ld.Commissionerof Income Tax(Appeals)[Nfac], Under Section 250 Of The Act Dated 14.07.2023 :

reopened and contrary to what had been decided by the Commissioner in the earlier proceedings, a different and contradictory stand should have been taken. We are, therefore, of the view that these appeals should be allowed and the question should be answered in the affirmative, namely, that the Tribunal was justified in holding that the income derived by the Radhasoami

M/S OM SHRINIWAS DEVELOPERS,PUNE vs. ITO WARED-6(3), PUNE, PUNE

In the result, appeal of the assessee is partly allowed

Bench: Ms.Astha Chandra & Dr.Dipak P. Ripoteआयकर अपील सं. / Ita No.1345/Pun/2025 िनधा"रण वष" / Assessment Year: 2016-17 M/S.Om Shriniwas Developers, V The Income Tax Officer, Off No.2 & 3, Vastusadan S Ward-6(3), Pune. Bldg, 743, Guruwar Peth, Pune – 411042. Maharashtra. Pan: Aabfo7491G Appellant/ Assessee Respondent / Revenue Assessee By Shri Bhuvanesh Kankani – Ar Revenue By Smt. N C Shilpa – Addl.Cit(Dr) Date Of Hearing 01/07/2025 Date Of Pronouncement 24/07/2025

transfer of the said flat is short term capital gain. In our view, the reopening of the assessment is purely on the basis of change of opinion of the AO from that held earlier during the course of assessment proceedings. This change of opinion does not constitute justification for assuming that income chargeable to tax has escaped assessment.” ITA No.1345/PUN/2025

KALAVATHI DEVI SHARMA,HYDERABAD vs. ITO, WARD-1, NANDED, NANDED

In the result, appeal of the assessee is dismissed

Bench: Dr.Manish Borad

prices of Equity shares of M/s. Achal Investment Ltd. Ld. AO also observed that assessee has purchased the Equity shares of M/s. Achal Investment Ltd. through offline mode on 12.11.2012. Further, there was no response from the side of assessee to the notice issued u/s.142(1) of the Act. Ld. AO concluded that the long term capital gain shown

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

transferring in his name\nagainst the alleged sum given as advance.\n7. The ld.CIT(A) called for the remand report from the\nAssessing Officer on various issues mainly regarding the proper\nsanction u/s.151 of the Act, supply of correct reasons recorded,\nDIN not mentioned on the body of the assessment order and\nafter duly considering the comments of the assessee

SMT. KIRTI B. THORAT,,PUNE vs. INCOME-TAX OFFICER, WARD - 3 (3),, PUNE

In the result, appeal of the assessee is dismissed

Bench: Shri Partha Sarathi Chaudhury & Shri G.D. Padmahshalismt. Kirti Bipin Thorat, Vs Ito, Ward-3(3), Sr.No.1, Plot No.1, Shriman Pune. Society, Karve Nagar, Pune. Pan: Aeopt 8890 B Appellant Respondent Assessee By : Shri Rishab Jain, Ca Revenue By : Shri Ganesh Budruk, Dr Date Of Hearing : 04/09/2023 Date Of Pronouncement : 20/09/2023 O R D E R Per Partha Sarathi Chaudhury, Jm:

reopening of assessment u/sec. 147/148; and (ii) the disallowance of addition of Rs. 26,68,060/- made by the AO and as upheld by the ld. CIT(A). 3. That, with regard to the re-assessment proceedings, there is a precise and clear finding by the ld. CIT(A) that as per record, assessee Smt. Kirti Bipin Thorat was given

MR SHAIKH SHAKIL SHAIKH IBRAHIM BAGWAN,JALGAON vs. ITO, WRD-1(4), JALGAON, JALGAON

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

Bench: Dr. Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita No.2160/Pun/2025 धििाारण वर्ा / Assessment Year: 2017-18 Mr. Shaikh Shakil Shaikh Vs Ito, Ward-1(4), Ibrahim Bagwan, Jalgaon Prop. Of Javed Vegetable Company (Jvc), Barbhai Galli, Bodwad-425310, Dist-Jalgaon Maharashtra Pan-Attpb3077C Appellant Respondent

prices and other inevitable expenses. All the other arguments in the written submissions are for the legal issues challenging the validity of reopening, validity of the approval and other judicial issues. 6. On the other hand Departmental Representative (DR) vehemently argued supporting the order of the Ld. CIT(A). 7. We have heard rival contentions and perused the records placed

ITO, NASHIK vs. ANKIT NARESH TULSIAN, NASHIK

In the result, appeal of the Revenue is dismissed

transfer of shares in and from\nthe Demat account, etc cannot be treated as a bogus\ntransaction so as to attract s.68.\n6.10 In view of the facts and circumstances of the case and\nhaving regard to varied judicial pronouncements including\njurisdictional High Court and ITAT, I am of the considerate view\nthat the appellant had submitted all the relevant