SMT SAROJ AGARWAL,RANCHI vs. ITO WARD 3(1), RANCHI

In the result, all the captioned appeals of the assessee are allowed

Bench: Shri George Mathan & Shri Ratnesh Nandan Sahayit(Ss)A Nos.24 & 25/Ran/2023 Assessment Years: 2013-14 & 2015-16 &

bogus. It was the submission that the reopening of the assessment itself in the case of the assessee would now be questionable in the case before us and is debatable issue. It was also the submission that the Hon’ble jurisdictional High Court at Ranchi in the case of Arun Kumar Agarwal in TA No. 04 of 2011 vide order

ACIT, C.C.-1, RANCHI vs. M/S CHINTPURNI STEEL PVT. LTD.,, RANCHI

In the result, appeal of the revenue is dismissed

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]

purchase of steel scraps. Accordingly the AO came to the conclusion that the money received from Shree Mahalaxmi Steels is bogus and is accommodation entry and accordingly the same was added to the income of the assessee in the assessment framed u/s 143(3) of the Act dated 4.3.2016. 4. In the appellate proceedings, the Ld. CIT(A), after discussing

SMT SAROJ AGARWAL,RANCHI vs. ACIT CENTRAL CIRCLE-1, RANCHI

In the result, all the captioned appeals of the assessee are\nallowed

purchase and sale of\nshares of M/s. Global Capital Markets Ltd. and had consequently made\naddition of Rs.4,97,450/- for the AY 2013-14 and Rs.1,97,726/- for the AY\n2015-16. It was the submission that no incriminating material has been\nused or found in course of the search in relation to these impugned\n assessment years

SMT. SAROJ AGARWAL,RANCHI vs. ACIT, CENTRAL CIRCLE-1, RANCHI

In the result, all the captioned appeals of the assessee are\nallowed

purchase and sale of\nshares of M/s. Global Capital Markets Ltd. and had consequently made\naddition of Rs.4,97,450/- for the AY 2013-14 and Rs.1,97,726/- for the AY\n2015-16. It was the submission that no incriminating material has been\nused or found in course of the search in relation to these impugned\n assessment years

KARNI MANSION PVT LTD,KOLKATA vs. INCOME TAX OFFICER, WARD 1(4), JAMSHEDPUR

Appeal of the assessee is allowed for statistical purposes

Bench: the Ld. CIT(A), where the appeal of the assessee was dismissed due to non-prosecution by upholding the order of the AO. Aggrieved by the above order, the assessee is in appeal before this Tribunal raising various grounds. However, the primary contention of the assessee is that the impugned order passed by the Ld. CIT(A) without giving proper opportunity of being heard to the assessee. Therefore, the order of Ld. CIT(A) may be quashed.

reopened u/s 147 of the Act by notice issued under the appropriate provision of the Act. The case of the assessee was assessed u/s 143(3)/147 of the Act by assessing the income at Rs. 2 Karmi Mansion Pvt. Ltd. 1,67,15,140/- by made an addition

BIJOY KUMAR AGARWAL,RANCHI vs. ACIT/DCIT CENTRAL CIRCLE-1, RANCHI

In the result, the appeal of the assessee is allowed

Bench: Shri Sonjoy Sarmaandshri Ratnesh Nandan Sahay, Accountantmember

reopened under section 147 of the Income-tax Act, 1961 on the basis of information received through a list forwarded from the PMO/Investigation Wing, alleging that certain beneficiaries had earned bogus LTCG through penny stock I.T.A. No.310/Ran/2025 Bijoy Kumar Agarwal transactions, including transactions in the scrip of Global Capital Market Ltd. Notice under section 148 was issued, in response