DEPUTY COMMISSIONER OF INCOME TAX, RAIPUR vs. VIRENDRA KUMAR AGRAWAL, RAIPUR

In the result, appeal filed by the revenue is allowed for statistical purposes in terms of our aforesaid observations

Bench: Shri Ravish Sood & Shri Arun Khodpiaआयकर अपील सं. / Ita No. 485/Rpr/2024 "नधा"रण वष" / Assessment Year : 2018-19 The Deputy Commissioner Of Income Tax Raipur (C.G.)

u/s. 68 of the Act. 2. Addition of fresh unsecured loans taken during Rs.4,25,00,000/- the year under consideration by treating it as unexplained cash credit u/s.68 of the Act 4 DCIT, Raipur Vs. Shri Virendra Kumar Agrawal 3. Disallowance of the assessee’s claim for Rs.59,42,862/- deduction u/s.57 of the Act of interest paid

INCOME TAX OFFICER- 1(1), BHILAI vs. M/S AVNI COLONIZERS PVT. LTD, BHILAI

In the result, appeal filed by the revenue and cross-objection filed by the assessee are disposed off in terms of our aforesaid observations

Bench: Shri Ravish Sood & Shri G D Padmahshaliआयकर अपील सं./ Ita No.59/Rpr/2020 Co No. 03/Rpr/2020 "नधा"रण वष" / Assessment Year : 2015-16 The Income Tax Officer-1(1), Bhilai (C.G.) .......अपीलाथ" / Appellant बनाम / V/S.

u/s. 133(6) to all subscribers. Except two persons namely Shri Anand Tawari and Shri Dilip Bhutda all the other persons have replied to the notice and furnished copy Of Income tax return, computation of income and bank statement. These persons are either the relatives of the directions or acquaintances. Therefore, there is no doubt about the identity and genuineness

INCOME TAX OFFICER-1(1), BHILAI vs. M/S MAHAKAL INPATT PVT. LTD.,, BHILAI

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

Bench: Shri Ravish Sood & Shri Jamlappa D Battullआयकर अपील सं. / Ita No. 238/Rpr/2017 "नधा"रण वष" / Assessment Year : 2010-11 The Income Tax Officer-1(1), Bhilai (C.G.) .......अपीलाथ" / Appellant बनाम / V/S. M/S. Mahakal Ispat Pvt. Ltd. 84, Light Industrial Area, Bhilai-490026. Pan : Aaecm5799D ……""यथ" / Respondent Assessee By : None Revenue By : Shri Sanjay Kumar, Dr सुनवाई क" तार"ख / Date Of Hearing : 14.03.2022 घोषणा क" तार"ख / Date Of Pronouncement : 30.03.2022

u/s. 147 of the Act. As the assessee had failed to account for sales of raw materials (ingots) of 355.31 MTs, the Assessing Officer while framing the re-assessment made an addition of Rs.89,42,387/- and vide his order passed u/s.143(3) r.w.s 147 of the Act, dated 18.11.2016, determined the assessee’s income at Rs.92

DY. COMMISSIONER OF INCOME TAX, BILASPUR vs. MS MAYURA SARIA PVT. LTD., BILASPUR

Bench: Shri Ravish Sood, Jm & Shri Arun Khodpia, Am आयकर अपील सं. / Ita No: 430/Rpr/2024 ("नधा"रण वष" Assessment Year: 2015-16)

penalty u/s 271(1} (c} of the Act. The appellant further in its submission submitted that information received by the AO from DDIT/ADIT, does not have the name of the appellant rather it mentions the name Mayura Yogesh therefore the transactions in the pen drive which was not seized from the appellant but from the third party does not pertains

MESERS METEX ENGINEERS,BHILAI vs. INCOME TAX OFFICER, WARD-1(2), BHILAI

In the result Ground No 8 of the revenue is dismissed

Bench: Shri Ravish Sood, Jm & Shri Arun Khodpia, Am आयकर अपील सं./Ita No.238/Rpr/2019 (Assessment Year: 2015-2016) M/S Metex Engineers, Vs Ito, Ward-1(2), Bhilai Shop No.10-11, Ganesh Complex, Shakti Vihar, Risali Bhilai, Durg Pan No. :Aawfm 8852 G & आयकर अपील सं./Ita No.247/Rpr/2019 (Assessment Year: 2015-2016) Ito, Ward-1(2), Bhilai Vs M/S Metex Engineers, Shop No.10-11, Ganesh Complex, Shakti Vihar, Risali Bhilai, Durg Pan No. :Aawfm 8852 G (अपीलाथ" /Appellant) (""यथ" / Respondent) .. "नधा"रती क" ओर से /Assessee By : Shri R.B.Doshi, Ca राज"व क" ओर से /Revenue By : Shri V.K.Singh, Cit-Dr सुनवाई क" तार"ख / Date Of Hearing : 24/04/2023 घोषणा क" तार"ख/Date Of Pronouncement : 14/06/2023 आदेश / O R D E R Per Arun Khodpia, Am :

Section 68 as is mentioned in the ground, ledger copy of amount paid for providing Bank Guarantee on behalf of Refratechnik Steel GmbH, copy of Bank Guarantee along with fixed deposit receipts are placed on Page No. 81 to 99 of the Paper Book, copy of agreement between Refratechnik Steel GmbH and the assessee for Bank Guarantee is placed

INCOME TAX OFFICER, WARD-1(2), BHILAI vs. MESERS METEX ENGINEERS, BHILAI

In the result Ground No 8 of the revenue is dismissed

Bench: Shri Ravish Sood, Jm & Shri Arun Khodpia, Am आयकर अपील सं./Ita No.238/Rpr/2019 (Assessment Year: 2015-2016) M/S Metex Engineers, Vs Ito, Ward-1(2), Bhilai Shop No.10-11, Ganesh Complex, Shakti Vihar, Risali Bhilai, Durg Pan No. :Aawfm 8852 G & आयकर अपील सं./Ita No.247/Rpr/2019 (Assessment Year: 2015-2016) Ito, Ward-1(2), Bhilai Vs M/S Metex Engineers, Shop No.10-11, Ganesh Complex, Shakti Vihar, Risali Bhilai, Durg Pan No. :Aawfm 8852 G (अपीलाथ" /Appellant) (""यथ" / Respondent) .. "नधा"रती क" ओर से /Assessee By : Shri R.B.Doshi, Ca राज"व क" ओर से /Revenue By : Shri V.K.Singh, Cit-Dr सुनवाई क" तार"ख / Date Of Hearing : 24/04/2023 घोषणा क" तार"ख/Date Of Pronouncement : 14/06/2023 आदेश / O R D E R Per Arun Khodpia, Am :

Section 68 as is mentioned in the ground, ledger copy of amount paid for providing Bank Guarantee on behalf of Refratechnik Steel GmbH, copy of Bank Guarantee along with fixed deposit receipts are placed on Page No. 81 to 99 of the Paper Book, copy of agreement between Refratechnik Steel GmbH and the assessee for Bank Guarantee is placed