THE DCIT, 2(1), INDORE vs. SHRI KESHAV KUMAR NACHANI, INDORE

In the result, all the appeals of the Revenue are dismissed

Bench: Smt. Madhumita Roy & Shri Bhagirath Mal Biyani

132 bars and the profit would come @ Rs.800/- per Bar to approx. Rs.1,05,600/-. The assessee has shown the gross profit ofRs.11,50,370/-. Thus, the assessee has shown more profit than estimated by the learned Assessing Officer. Complete details of purchases and sales with quantity has been maintained by the assesese and all purchases and sales are fully

JCIT(OSD),-2(1),INDORE, INDORE vs. SHRI KESHAV KUMAR NACHANI, INDORE

In the result, all the appeals of the Revenue are dismissed

Bench: Smt. Madhumita Roy & Shri Bhagirath Mal Biyani

132 bars and the profit would come @ Rs.800/- per Bar to approx. Rs.1,05,600/-. The assessee has shown the gross profit ofRs.11,50,370/-. Thus, the assessee has shown more profit than estimated by the learned Assessing Officer. Complete details of purchases and sales with quantity has been maintained by the assesese and all purchases and sales are fully

THE DCIT, 2(1), INDORE vs. SHRI KESHAV KUMAR NACHANI, INDORE

In the result, all the appeals of the Revenue are dismissed

Bench: Smt. Madhumita Roy & Shri Bhagirath Mal Biyani

132 bars and the profit would come @ Rs.800/- per Bar to approx. Rs.1,05,600/-. The assessee has shown the gross profit ofRs.11,50,370/-. Thus, the assessee has shown more profit than estimated by the learned Assessing Officer. Complete details of purchases and sales with quantity has been maintained by the assesese and all purchases and sales are fully

M/S. ALANKAR JEWELLWER,VIDISHA vs. THE ACIT- II, VIDISHA

In the result, appeal filed by the assessees in

Bench: Rajpal Yadav Hon'Ble & Shri Manish Boradvirtual Hearing Assessment Year:2016-17 M/S. Alankar Jewellers Acit-Ii Nikasha Road, Vidisha Bhopal बनाम/ Vidisha Vs. (Appellant) (Respondent ) P.A. No.Aavfa1527D It(Ss)A No.205/Ind/2019 Assessment Year:2016-17 Acit-Ii M/S. Alankar Jewellers Bhopal Nikasha Road, Vidisha बनाम/ Vidisha Vs. (Appellant) (Respondent ) P.A. No.Aavfa1527D Appellant By Shri S.S. Deshpande, Ar Respondent By Shri S.S. Mantri, Cit-Dr Date Of Hearing: 08.06.2021 Date Of Pronouncement: 01.09.2021 आदेश / O R D E R Per Manish Borad:

TDS thereon. On perusal of these bills and invoices it was found that few of the bills on which TDS was deducted were paid much before the date of search. Therefore, these quantities cannot be termed as afterthought. Thus it is held that the AO was not justified in making an addition of 5685.92 gms of gold jewellery from

ITO 2(5), INDORE vs. M/S I PARADISE INFOMEDIA P LTD., INDORE

In the result, Revenue’s appeal is dismissed

Bench: Ms. Madhumita Roy & Shri Bhagirath Mal Biyani

section 5, no income accrues or arises or deemed to accrue or arise in India on the payments made in UFS by branch there. Therefore, the payments made abroad cannot be considered as income chargeable under the provisions of the Act.” Hence, in light of the above, the appellant is not liable to deduct TDS on foreign payments not chargeable

VIMAL TODI,INDORE vs. ADDITIONAL COMMISSIONER OF INCOME TAX, INDORE

Appeals are allowed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyani

132, certain material was found and seized from factory premise of a company named M/s Jaideep Ispat and Alloys Pvt. Ltd. The AO, from seized material, observed certain loans having been taken by assessee in cash in violation of section 269SS which attracts penalty u/s 271D. Hence, the AO firstly noted in assessment-order dated 27.12.2017 about invocation of provisions

VIMAL TODI,INDORE vs. ADDITIONAL COMMISSIONER OF INCOME TAX, INDORE

Appeals are allowed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyani

132, certain material was found and seized from factory premise of a company named M/s Jaideep Ispat and Alloys Pvt. Ltd. The AO, from seized material, observed certain loans having been taken by assessee in cash in violation of section 269SS which attracts penalty u/s 271D. Hence, the AO firstly noted in assessment-order dated 27.12.2017 about invocation of provisions

VIMAL TODI,INDORE vs. ADDITIONAL COMMISSIONER OF INCOME TAX, INDORE

Appeal is allowed

Bench: Shri B.M. Biyani & Shri Paresh M Joshishri Vimal Todi, Additional Commissioner बनाम/ 501, Darshan Residency, Of Income-Tax, Vs. 104-105, Anand Bazar, Indore Indore

132, certain material was found and seized from factory premise of a company named M/s Jaideep Ispat and Alloys Pvt. Ltd. The AO, from seized material, observed certain loans having been taken by assessee in cash in violation of section 269SS which attracts penalty u/s 271D. Hence, the AO firstly noted in assessment-order dated 27.12.2017 about invocation of provisions

MOEBIUS TRADE P LTD, MUMBAI vs. THE ADDITIONAL CIT , DELHI

In the result, appeal of the assessee is allowed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanimoebius Trade Pvt. Ltd. Acit-Ii Resulting Company After Bhopal Merger Of Exotic & Vs. Speciality Fats Pvt. Ltd. Indore (Appellant / Assessee) (Respondent/ Revenue) Pan: Aahcm 4176D Assessee By Shri Ajay Tulsiyan Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 20.12.2023 Date Of Pronouncement 21.12.2023

TDS is wrong and bad in law and is prayed to be deleted. 5. That the Learned CIT(A) in effect by dismissal of appeal, erred in not allowing the deduction u/s 80G of Rs. 85,020/- claimed on account of donation paid by the appellant. That on the facts and in the circumstances of the case

ASSISTANT COMMISSIONER OF INCOME TAX (CENTRAL)-1, INDORE vs. SHRI RITESH JAIN, INDORE

Bench: Shri Vijay Pal Rao & Shri B.M. Biyani & It(Ss)Ano.14/Ind/2022 (Assesssment Year 2011-12

132 of the Act was conducted on Jain & Dixit Group. Certain documents were found and seized from the premise 7/1 Y.N. Road, Indore. During the post search investigations, a statement u/s 131(1A) of the appellant was recorded on oath on 15.07.2016.On the basis of the above mentioned seized documents and statement recorded on oath, the case of the appellant

DCIT , CENTRAL -2 , INDORE vs. M/S GREAT GALLEON VENTURES LTD , INDORE

In the result, the appeals of the Revenue bearing ITANo

Bench: Shri Rajpal Yadav Hon'Ble & Shri Manish Borad

132 of the Act or a requisition has been made u/ s 132A, the provisions of section 153A trigged and Assessing Officer is 32 M/sGreat Galleon Ventures ltd. IT(SS)A No.114, to 116 /Ind/2020 & ITANo.67 to 70/Ind/2021 bound to issue notice u/ s 153A of the Act. Once notices are issued u/ s 153A of, the Act then assessee

DCIT , CENTRAL -2 , INDORE vs. M/S GREAT GALLEON VENTURES LTD , INDORE

In the result, the appeals of the Revenue bearing ITANo

Bench: Shri Rajpal Yadav Hon'Ble & Shri Manish Borad

132 of the Act or a requisition has been made u/ s 132A, the provisions of section 153A trigged and Assessing Officer is 32 M/sGreat Galleon Ventures ltd. IT(SS)A No.114, to 116 /Ind/2020 & ITANo.67 to 70/Ind/2021 bound to issue notice u/ s 153A of the Act. Once notices are issued u/ s 153A of, the Act then assessee

ACIT 2 (1), INDORE vs. M/S JILA INDUSTRIES LTD, DHAR

In the result this appeal of Revenue is dismissed

Bench: Ms.Suchitra R.Kamble & Shri Bhagirath Mal Biyanivirtual Hearing Assessment Year: 2010-11 Acit-2(1), Indore M/S. Jiji Industries Ltd., (Formerly Known As बनाम/ Krishna Profiles Pvt. Ltd.), Vs. Plot No.316, Sejwaya, Billod, Dhar (Mp) (Appellant) (Respondent ) P.A.N. - Aacck 1383 M Revenue By Shri P.K. Mitra, Cit-Dr Respondent By Shri S.S. Deshpande, Ca Date Of Hearing: 02.02.2022 Date Of Pronouncement: 25.02.2022

section 5, no income accrues or arises or deemed to accrue or arise in India on the payments made in USA by branch there. Therefore, the payments made abroad cannot be considered as income chargeable under the provisions of the Act.” Hence, in light of 8 Jiji Industries Ltd. (formerly known as Krishna Profiles P. Ltd.) the above, the appellant

THE ACIT (CENTRAL)-1, INDORE vs. DILIP KUMAR MAHENDRA KUMAR JAIN HUF, INDORE

In the result Revenue’s appeal is dismissed

Bench: Hon'Ble Kul Bharat & Hon'Ble Manish Boradassessment Year: 2011-12 Dilip Kumar Mahendra Acit (Central)-1, Vs. Kumar Jain, 6, Near Jagdale School, Indore Janki Nagar, Indore (Revenue ) (Appellant) Pan No.Aaehd1394J Revenue By Shri Harshit Bari, Sr.Dr Appellant By Shri Mahesh Agrawal, Adv. Date Of Hearing 05.01.2021 Date Of Pronouncement .02.2021 O R D E R

132 of the Act was conducted in the cases of MRJ group on 23.03.2018 and the assessee being one of the main concerns of this group was also covered. Case selected u/s 147 of the Act on the reason that appellant had given loan to various parties in cash. In response to the notices u/s 142(1)/143

ACIT (CENTRAL) , UJJAIN, UJJAIN vs. M/S GLOBUS HOUSING PVT. LTD., BHOPAL

In the result, appeal of the revenue is dismissed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniacit (Central) M/S. Globus Housing Pvt. Ltd. 176, Zone-Ii, First Floor, M.P. Ujjain Vs. Nagar, Bhopal (Appellant / Revenue) (Respondent/ Assessee) Pan: Aaecg 0623 J Revenue By Shri P.K. Mishra, Cit-Dr Respondent By Shri Hitesh Chimnani & Yash Kukreja, Ars Date Of Hearing 20.07.2023 Date Of Pronouncement 25.07.2023

section 132 carried out in the case of Narayan Sai and Aasharam Bapu Groups including the assessee/ other associates on 09.09.2015, the appellant has made a disclosure of Rs.6,06,50,036/- which inter alia includes a sum of Rs.2,46,99,234/- on account of profit at the rate of 5% it in respect of the total revenue

M/S. WORKS STATION SYSTEMS (P) LTD.,BHOPAL vs. ACIT (CENTRAL) GWALIOR, STATION BHOPAL, BHOPAL

In the result, the appeal of the assessee is allowed

Bench: Shri Kul Bharatassessment Year: 2017-18

132 of the Income Tax Act, 1961(hereinafter referred as ‘the Act’). The case of the assessee was centralized and a consolidated assessment order u/s 153A r.w.s. 143(3) of the Act for A.Ys. 2011-12 to 2017-18 was passed vide order dated 28.12.2018, thereby for the assessment year under appeal an addition of Rs.52,873/- was made

SHRI JANKILAL,UJJAIN vs. PCIT-1, INDORE

Bench: Ms. Suchitra Kamble & Shri B.M. Biyani(Conducted Through Virtual Court) Assessment Year: 2017-18 Jankilal Pr.Cit-1 बनाम/ 12, Chimanganj Mandi Indore Agar Road, Ujjain Vs. (Appellant / Assessee) (Respondent / Revenue) Pan: Aczpj 2632 A Assessee By Shri Manoj Fadnis, Ar Revenue By Shri P.K. Mishra, Cit-Dr Date Of Hearing 08.02.2023 Date Of Pronouncement 18.04.2023

section 201(1) read with Rule 31ACB so as to come out of TDS default; and (c) That the assesee has not supplied correct PAN of M/s Sagar Security Services. Therefore, the expenditure of Rs. 1,14,433/- attracted disallowance u/s 40(a)(ia) which the AO has not made. Apropos to this issue, Ld. AR drew our attention

DHANDEEP CONCRETES,JAIPUR vs. INCOME TAX OFFICER(TDS), UJJAIN

In the result we set aside the “Impugned order” &

Bench: Shri B.M. Biyani & Shri Paresh M Joshidhandeep Concretes, Ito -(Tds), बनाम/ 409-410, Jaipur Centre 4Th Bharatpuri, Vs. Floor, B2 Bypass Junction, Ujjain. Tonk Road, Jaipur. (Appellant) (Respondent) Assessee By Ms. Priya Agrawal, Ca Revenue By Shri Ashish Porwal, Sr.Dr Date Of Hearing 15.01.2026 Date Of Pronouncement 30.01.2026 आदेश/ O R D E R

section u/s 201(1)/1(A) of the act is dated 28.02.2023 which is herein after referred to as the “Impugned default” order. 2.2 That in case of the assessee an information was received by ITO(TDS) Ujjain MP from DCIT, CC-3 Jaipur vide letter dated 08.10.2021 that a search & seizure u/s 132

THE ACIT, 4(1), INDORE vs. SHRI SANJAY LUNAWAT, INDORE

Bench: Shri Rajpal Yadav, Vice- & Shri Manish Boradvirtual Hearing Assessment Year 2010-11

132 amount as advanced to the assessee 6 The IESM Academy [PAN: AAEFT4206F] – Addition of Rs. 32,00,000/- 6.1 Copy of ledger account of the creditor in the books of the assessee 133- 134 6.2 Copy of ledger account of the assessee in the books of the creditor 135- 136 6.3 Copy of acknowledgment of income-tax return along