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

2-3 years. On being questioned by the Assessing Officer, the\nassessee has merely stated that he was doing this on the advice of broker and\nmarket sentiment.\n\n18. Referring to the movement of shares price of M/s PFIL, he submitted that\nthe price of this company rose from Rs.14.28 in April 2010 to Rs.825/- in May,\n2014

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

2-3 years. On being questioned by the Assessing Officer, the\nassessee has merely stated that he was doing this on the advice of broker and\nmarket sentiment.\n\n18. Referring to the movement of shares price of M/s PFIL, he submitted that\nthe price of this company rose from Rs.14.28 in April 2010 to Rs.825/- in May,\n2014

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

2-3 years. On being questioned by the Assessing Officer, the\nassessee has merely stated that he was doing this on the advice of broker and\nmarket sentiment.\n\n18. Referring to the movement of shares price of M/s PFIL, he submitted that\nthe price of this company rose from Rs.14.28 in April 2010 to Rs.825/- in May,\n2014

SHRI MANOJ MADANLAL CHHAJED,PUNE vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE -1(1)PUNE, PUNE

In the result, the appeal filed by the assessee in ITA

Bench: Shri Inturi Rama Rao & Shri S. S. Viswanethra Raviआयकर अपील सं. / It(Ss)A Nos.91 To 96/Pun/2022 िनधा"रण वष" / Assessment Years : 2012-13 To 2017-18 Shri Manoj Madanlal Vs. Acit, Central Circle- Chhajed, 1(1), Pune. 601, A-8 Building, Karishma Housing Society, Near Sangam Press, Kothrud, Pune- 411029. Pan : Aalpc4991M Appellant Respondent आयकर अपील सं. / It(Ss)A Nos.97 & 98/Pun/2022 िनधा"रण वष" / Assessment Years : 2012-13 & 2015-16 Acit, Circle-1(1), Pune. Vs. Shri Manoj Madanlal Chhajed, 601, A-8 Building, Karishma Housing Society, Near Sangam Press, Kothrud, Pune- 411029. Pan : Aalpc4991M Appellant Respondent आयकर अपील सं. / Ita No.725/Pun/2022 िनधा"रण वष" / Assessment Year: 2018-19 Shri Manoj Madanlal Vs. Acit, Circle-1(1), Pune. Chhajed, 601, A-8 Building, Karishma Housing Society, Near Sangam Press, Kothrud, Pune- 411029. Pan : Aalpc4991M Appellant Respondent

220 (SC). (iii) CIT vs. Girish Chaudhary, 296 ITR 619 (Delhi). 17. On the other hand, ld. CIT-DR submits that the statement given by the assessee during the course of search and seizure operations u/s 132(4) together with the notings in the Diary 20 IT(SS)A Nos.91 to 96/PUN/2022 IT(SS)A Nos.97 & 98/PUN/2022 constitutes an incriminating