ACIT CENTTRAL -2 INDORE, INDORE vs. M/S KALYAN TOLL INFRASTRUCTURE LTD, INDORE

Accordingly ground no. 2 of the cross objection stands allowed

Bench: Shri Mahavir Prasad & Shri Manish Boradvirtual Hearing Assessment Year:2013-14 Dcit Central-2, M/S Kalyan Toll Infrastructure Indore Ltd., Indore बनाम/ (Appellant) (Respondent ) Vs. P.A. No.Aacck1840M

unexplained are deemed to be income of the assessee. Therefore, it has necessarily to follow that such income can be deemed as income only of the year in which such amount is actually received by the assessee. If any credit is deemed as income, it can be said to have been earned by the assessee and taxed only

NEETA CHOUDHARY,PANSEMAL vs. SENDHWA, SENDHWA

Appeal is allowed

TDS. The Tribunal considered the repayment of Rs. 12,00,000 made by the assessee and judicial precedents from the Gujarat High Court.", "result": "Allowed", "sections": [ "68", "115BBE", "143(3)", "143(2)", "142(1)", "271AAC" ], "issues": "Whether the addition of Rs. 5,00,000 as unexplained cash credit

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

Unexplained Cash Credits u/s. 68 on account of Unsecured Loans and Disallowance of Interest Paid thereon u/s. 69C Assessmen Assessee Department TOTAL t Year Groun Amoun Groun Unsecured Groun Disallowanc d No. t d No. Loans d No. e of Interest

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

Unexplained Cash Credits u/s. 68 on account of Unsecured Loans and Disallowance of Interest Paid thereon u/s. 69C Assessmen Assessee Department TOTAL t Year Groun Amoun Groun Unsecured Groun Disallowanc d No. t d No. Loans d No. e of Interest

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

cash deposit of Rs. 5600 Crores in various bank accounts, during the assessment years 2005-06 to 2011-12. ii) On examination of stock register, purchase and sale records, it was observed that the sales have been booked as per his convenience. The figure of cash sales are suppressed so that the actual profit could be suppressed

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

cash deposit of Rs. 5600 Crores in various bank accounts, during the assessment years 2005-06 to 2011-12. ii) On examination of stock register, purchase and sale records, it was observed that the sales have been booked as per his convenience. The figure of cash sales are suppressed so that the actual profit could be suppressed

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

cash deposit of Rs. 5600 Crores in various bank accounts, during the assessment years 2005-06 to 2011-12. ii) On examination of stock register, purchase and sale records, it was observed that the sales have been booked as per his convenience. The figure of cash sales are suppressed so that the actual profit could be suppressed

INCOME TAX OFFICER 2(1), BHOPAL, BHOPAL vs. PURUSHOTTAM GUPTA, BHOPAL

In the result appeal of the revenue is allowed and\n\"impugned order” is set aside

credited in your bank\naccount and will be added to your total income.\nThe assessee failed to make compliance of the Notice issued\nu/s 142(1) and further a Notice u/s 144 was issued on\n03.12.2018 proposing ex-parte assessment and addition of Rs.\n3,60,66,220/- to his total returned income as unexplained cash\ndeposit.\n2.13 That

HUSAIN KOHAWALA,KUKSHI DISTT. DHAR vs. COMMISSIONER OF APPEAL, NFAC

The appeal of the assessee is allowed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanihusain Kohawala, Cit (A), Saifiya Marg Bohra Mohalla, Nfac, Near Macchi Darwaza, Delhi Kukshi, Vs. Dhar (Appellant / Assessee) (Respondent/ Revenue) Pan: Bkrpk6392P Assessee By Shri Parag Jain, Ar Revenue By Shri Ashish Porwal, Sr.Dr Date Of Hearing 09.10.2024 Date Of Pronouncement 11.10.2024 O R D E R Per Vijay Pal Rao, Jm:

unexplained cash deposited in two bank accounts maintained with State Bank of India totaling to Rs.74,16,206/-. Before CIT(A) the assessee has furnished the bank account statement along with the other details of evidences to show that the source of deposits in the three bank accounts maintained by the assessee including the account with Madhya Pradesh Gramin Bank

THE I.T.O. 2 (1), INDORE vs. M/S HI LINK BUILDCON P LTD , INDORE

In the result, this appeal of revenue is partly allowed for statistical purpose

Bench: Ms. Suchitra Kamble & Shri B.M. Biyani(Conducted Through Virtual Court) Assessment Year: 2012-13 Ito, 2(1) M/S. Hi Link Buildcon Pvt. Indore Ltd. बनाम/ 06, Sadhna Nagar, Vs. Airport Road, Indore (Appellant / Revenue) (Respondent / Assessee) Pan: Aacch7180H Assessee By Shri Milind Wadhwani & Shri Pankaj Shah, Ars Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 23.08.2022 Date Of Pronouncement 19.09.2022

unexplained cash credits Rs. 20,71,499/- as the assessee has filed the genuineness of transactions.” 2. The registry has informed that that the present appeal was required to be filed by 16.11.2020 but the same was actually filed on 05.01.2021, after a delay of 50 days. The Ld. AR prayed that the delay has occurred due to Covid

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:

credit of day to day cash balance. In the instant case, if the AO would have adopted opening balance as per audited books of accounts which were not rejected by him, there would remain no difference in cash found on the date of search. i. (ii) Declaration of additional income by Shrl Sanjay Jain:- Shri Shikhar Chand Jain during

ASSISTANT COMMISSIONER OF INCOME TAX (EXEMPTION) CIRCLE BHOPAL, BHOPAL vs. MAYANK WELFARE SOCIETY, INDORE

In the result, Revenue’s appeal for the AY 2013-14

Bench: Shri Manish Borad & Ms. Madhumita Royvirtual Hearing Assessment Year: 2013-14

unexplained cash credits shall also apply in case of anonymous donations u/ s. 115BBC - Held, names of donors along with their addresses were furnished before Investigation Wing of department and were also recorded in books produced by assessee before AO -Hence such donations cannot be classified as "anonymous donations" as per s. 115BBC(3)-Only requirement u/ s. 115BBC

THE DCIT, (EXEMPTION) CIRCLE, BHOPAL vs. M/S. MAYANK WELFARE SOCIETY, BHOPAL

In the result, Revenue’s appeal for the AY 2013-14

Bench: Shri Manish Borad & Ms. Madhumita Royvirtual Hearing Assessment Year: 2013-14

unexplained cash credits shall also apply in case of anonymous donations u/ s. 115BBC - Held, names of donors along with their addresses were furnished before Investigation Wing of department and were also recorded in books produced by assessee before AO -Hence such donations cannot be classified as "anonymous donations" as per s. 115BBC(3)-Only requirement u/ s. 115BBC

ACIT(CENTRAL)-2, INDORE vs. SHRI AAKASH SHUKLA, INDORE

In the result, appeal of revenue is dismissed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniacit(Central)-1 Shri Aakash Shukla Indore 94, Banganga Main Road Vs. Indore

cash credit u/s 68 of IT Act especially when it was on record that accommodation entries were received from the companies controlled by Sharad Darak, a known entry provider." 5.Whether on the fact and in the circumstances of the case and in law, the Ld.CIT(A) has erred in holding that the AO has not made enquiry in regard

M/S. PRAKASH ASHPHLTING & TOO HIGHWAY LTD.,INDORE vs. THE ACIT, (CENTRAL)-1, INDORE

In the result, assessee’s ITA No

Bench: Ms. Suchitra Kamble & Shri B.M. Biyani(Conducted Through Virtual Court) Assessment Year: 2008-09 Prakash Asphaltings & Toll Acit (Central)-1 Of Highway (India) Ltd., Indore बनाम/ 76, Mall Road, Vs. Mhow (Appellant / Assessee) (Respondent / Revenue) Assessment Year: 2008-09 Acit, Central-1, Prakash Asphaltings & Indore Toll Of Highway (India) बनाम/ Ltd., 76, Mall Road, Vs. Mhow (Appellant / Revenue) (Respondent / Assessee)

unexplained cash credit. During the course of appellate proceeding the AO vide letter F.No. ACIT(Cen)-1/Ind/ Remand Report/2017-18 dated 29.05.2017 has stated as under: i. The search and seizure action u/s 132 of the Act were carried out on the business as well as residential premises of the Agroh group and PATH Group on 27.08.2014. ii. During

ACIT(CENTRAL)-1, INDORE vs. PRAKASH ASPHALTINGS & TOLL HIGHWAYS (INDIA) LTD., MHOW

In the result, assessee’s ITA No

Bench: Ms. Suchitra Kamble & Shri B.M. Biyani(Conducted Through Virtual Court) Assessment Year: 2008-09 Prakash Asphaltings & Toll Acit (Central)-1 Of Highway (India) Ltd., Indore बनाम/ 76, Mall Road, Vs. Mhow (Appellant / Assessee) (Respondent / Revenue) Assessment Year: 2008-09 Acit, Central-1, Prakash Asphaltings & Indore Toll Of Highway (India) बनाम/ Ltd., 76, Mall Road, Vs. Mhow (Appellant / Revenue) (Respondent / Assessee)

unexplained cash credit. During the course of appellate proceeding the AO vide letter F.No. ACIT(Cen)-1/Ind/ Remand Report/2017-18 dated 29.05.2017 has stated as under: i. The search and seizure action u/s 132 of the Act were carried out on the business as well as residential premises of the Agroh group and PATH Group on 27.08.2014. ii. During

KUSUMLATA GARG,INDORE vs. DCIT ACIT 3 (1) INDORE, INDORE

Appeal is allowed for statistical purpose

unexplained.\n3.7 The addition made by AO on his whims and fancies, on the basis of a\nfantastic story, on the basis of incomparable comparisons, on the basis of\nillegal rejection of books, even when opening cash balance was higher than\nthe amount deposited is illegal and wrong.\n3.8 Further the assesse is an old lady. Her father

RAKESH BHOJANI,SIYAGANJ INDORE vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE -4(1), INDORE, CGO COMPLEX

Appeal is allowed

unexplained cash credit u/s 68 rws 115BBE. These documents\nare now being submitted through a separate application under rule 46A. The\ncopy of the application filed under Rule 46A is enclosed herewith as Annex\nA.\n5. The documents to substantiate the deposit of cash of Rs.40,00,000 in the\nsavings bank account during the demonetization period are the records