THE ACIT ,CENTRAL-1, INDORE vs. M/S PRAKASH OILS LTD., DHAR

In the result, the above captioned appeals filed by the Revenue as well as the

Bench: Shri C.M. Garg & Shri Bhagirath Mal Biyani

133(6) were issued by the AO to the brokers who duly complied with the same and represented their matters before the then AO. It is further submitted by the appellant that the entire discussion made by the AO in the reassessment order is with respect to brokers namely S. N. Commodities, Shubhlaxmi Commodities, Subhlamxi Traders and Sairam Commodities

M/S RADHISHWARI DEVLOPERS P LTD,INDORE vs. PR CIT -2 INDORE, INDORE

In the result, Assessee’s appeal in ITANo

Bench: Hon’Ble Rajpal Yadav & Hon’Ble Manish Boradvirtual Hearing Assessment Year 2013-14 M/S. Radhishwari Developers P. Ltd. (Now Known As R.C. Warehousing Pvt. Ltd. ) Indore : Appellant Pan :Aafcr1916A V/S Pr. Cito-2 : Respondent Indore Appellant By S/Shri Sumit Nema Sr. Adv. With Gagan Tiwari & Piyush Parashar Advs. Revenue By Shri S.S. Mantri, Cit-Dr Date Of Hearing 24.05.2021 Date Of Pronouncement 20.07.2021

bogus nature of the subject transactions. This, under such circumstances the order passed by the learned Assessing Officer u/s 143(3) cannot be said as prejudicial to the interest of the revenue and thus, needs to be quashed. M/s. Radheshwari Developers Pvt. Ltd. Without prejudice further, to the above it is submitted that the recourse to section

INCOME TAX OFFICER -4(1), BHOPAL, BHOPAL vs. HAMID HUSAIN, BHOPAL

Appeals are allowed for statistical purposes

sections": [ "143(3)", "144B", "143(2)", "142(1)", "270A", "46A", "139(1)", "206C", "133(6)" ], "issues": "Whether the disallowance of 100% of purchases as bogus

DCIT-4(1), INDORE vs. M/S. YAKSHA INFRASTRUCTURE COM. PVT. LTD., TALOJA, RAIGARH

Appeal is dismissed

Bench: Ms. Madhumita Roy & Shri Bhagirath Mal Biyani

purchase and sale, frequency of transactions, etc.?” 5. The brief fact leading to the case is this that the assessee is a Private Limited Company, engaged, in the business of trading of pulses and other commodity. The company was incorporated on 31.03.2017 under the provisions of Companies Act, 1956 with its registered office at Mumbai which was subsequently transferred

YAKSHA INFRASTRUCTURE COMPANY (P) LTD. (FORMERLY KNOWN FROLIC REALTY (P) LTD.),MUMBAI vs. DCIT-3(1) , INDORE

Appeal is dismissed

Bench: Ms. Madhumita Roy & Shri Bhagirath Mal Biyani

purchase and sale, frequency of transactions, etc.?” 5. The brief fact leading to the case is this that the assessee is a Private Limited Company, engaged, in the business of trading of pulses and other commodity. The company was incorporated on 31.03.2017 under the provisions of Companies Act, 1956 with its registered office at Mumbai which was subsequently transferred

HAMID HUSAIN,BHOPAL vs. ASSESSMENT UNIT, INCOME TAX DEPARTMENT, DELHI

Appeals are allowed for statistical purposes

Bench: Shri B.M. Biyani & Shri Paresh M. Joshiito-4(1), Hamid Husain, बनाम/ Bhopal 369, Kaji Camp, Vs. Gali No.3, Near Sindhi Colony, Berasia Road, Bhopal (Revenue/Appellant) (Assessee/Respondent) Hamid Husain, Assessment Unit, बनाम/ 369, Kaji Camp, Income Tax Department Vs. Gali No.3, Near Sindhi Colony, Berasia Road, Bhopal (Assessee/Appellant) (Revenue/Respondent)

bogus purchase / not genuine purchase. 2. On the facts and in the circumstances of the case of the assessee, the learned CIT(A) was not justified in confirming the addition @ 12.50 percent of the purchase of Rs 9,10,39,185.00. 3. The assessee craves leave to add, amend, alter or withdraw any ground of appeal on or before

ACIT CENTRAL-2, INDORE vs. SARTHAK INNOVATION (P) LTD., INDORE

Bench: Ms. Madhumita Roy & Shri Bhagirath Mal Biyani

purchases are Rs. 445.96 Lacs. He has also shown interest income of Rs. 10.91 Lacs on loans and advances and a net profit of Rs. 6.45 Lacs. Sundry debtors are shown Rs. 207.51 Lacs and loans given are Rs. 224.15 Lacs. I find that the financial of M/s Konica Gems have also been discussed by the AO in the assessment

DCIT CENTRAL-1, INDORE vs. SARTHAK INNOVATION (P) LTD., INDORE

Bench: Ms. Madhumita Roy & Shri Bhagirath Mal Biyani

purchases are Rs. 445.96 Lacs. He has also shown interest income of Rs. 10.91 Lacs on loans and advances and a net profit of Rs. 6.45 Lacs. Sundry debtors are shown Rs. 207.51 Lacs and loans given are Rs. 224.15 Lacs. I find that the financial of M/s Konica Gems have also been discussed by the AO in the assessment

ACIT CENTRAL-2, INDORE vs. SARTHAK INNOVATION (P) LTD., INDORE

Bench: Ms. Madhumita Roy & Shri Bhagirath Mal Biyani

purchases are Rs. 445.96 Lacs. He has also shown interest income of Rs. 10.91 Lacs on loans and advances and a net profit of Rs. 6.45 Lacs. Sundry debtors are shown Rs. 207.51 Lacs and loans given are Rs. 224.15 Lacs. I find that the financial of M/s Konica Gems have also been discussed by the AO in the assessment

SMT NARAYAN SUNDRA BAI,INDORE vs. ITO 2 (5), INDORE

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniassessment Year: 2014-15 Smt. Narayan Sundra Bai, Ito, 29, Maa Vihar Colony, 2(5), बनाम/ A.B.Road, Indore. Indore. Vs. (Assessee / Appellant) (Revenue / Respondent) Pan: Alzpb1024B Assessee By Shri Ashish Goyal, Ca Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 12.06.2023 Date Of Pronouncement 05.09.2023

section 68. 4. The Ld. CIT(A) has erred in confirming the addition made u/s 68 of Rs. 42,12,998/- being receipt on sale of shares. 5. The Ld. CIT(A) has erred in confirming the addition of Rs. 1,26,390/- being alleged on account of expenses for arranging receipts on sale of shares.” 2. Heard the learned

AISECT LTD. ,BHOPAL vs. ACIT RANGE 1(1), BHOPAL

Bench: Hon’Ble Manish Borad & Hon’Ble Madhumita Roy

133(6) of the Act was called from all, few replied and few remain unanswered which prompted the Ld. A.O to examine the issue. Ld. A.O also noted that registration with VAT authorities and Registration at Nagar Palika were just taken before few months of date of survey and the accounts of the creditors were opened just before making sale

ACIT RANGE 1(1), BHOPAL vs. AISECT LTD. , BHOPAL

Bench: Hon’Ble Manish Borad & Hon’Ble Madhumita Roy

133(6) of the Act was called from all, few replied and few remain unanswered which prompted the Ld. A.O to examine the issue. Ld. A.O also noted that registration with VAT authorities and Registration at Nagar Palika were just taken before few months of date of survey and the accounts of the creditors were opened just before making sale

AISECT LTD. ,BHOPAL vs. ACIT RANGE 1(1), BHOPAL

Bench: Hon’Ble Manish Borad & Hon’Ble Madhumita Roy

133(6) of the Act was called from all, few replied and few remain unanswered which prompted the Ld. A.O to examine the issue. Ld. A.O also noted that registration with VAT authorities and Registration at Nagar Palika were just taken before few months of date of survey and the accounts of the creditors were opened just before making sale

ACIT RANGE 1(1), BHOPAL vs. AISECT LTD. , BHOPAL

Bench: Hon’Ble Manish Borad & Hon’Ble Madhumita Roy

133(6) of the Act was called from all, few replied and few remain unanswered which prompted the Ld. A.O to examine the issue. Ld. A.O also noted that registration with VAT authorities and Registration at Nagar Palika were just taken before few months of date of survey and the accounts of the creditors were opened just before making sale

MATHARLAL MUNGALAL AGRAWAL,KHANDWA vs. THE ITO, KHANDWA

Bench: Ms. Madhumita Roy & Shri B.M. Biyani

133(6) but, however, they could not/did not submit documentary evidencesof the alleged transactions such as bilty, receipt of toll tax, receipt of mandi tax, etc. Then, the Ld. AO also communicated directly to Buldhana Urban Cooperative Bank, Buldhana Branch to enquire about the transaction done in bank account held by M/s Sekh Brothers (proprietor Shri Manoj Gupta), whereupon

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

bogus loans by the assessee is evident from one mobile message, the screenshot which has been reproduced by the AO at page no. 24 of his Order. The ld. CIT(DR) also stressed that the names of the lender companies were included in the list of the shell companies notified by the Department. M/sGreat Galleon Ventures

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

bogus loans by the assessee is evident from one mobile message, the screenshot which has been reproduced by the AO at page no. 24 of his Order. The ld. CIT(DR) also stressed that the names of the lender companies were included in the list of the shell companies notified by the Department. M/sGreat Galleon Ventures

M/S ROCKBED RENOVATORS LTD.,BHOPAL vs. THE PCIT-1, BHOPAL

In the result, the appeal of the assessee is allowed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanirockbed Renovators Ltd. Pr. Cit-1 7-A, Panjabi Bagh Raisen Road Bhopal Govindpura Vs. Bhopal (Appellant / Assessee) (Respondent/ Revenue) Pan: Aaacr7151G Assessee By Shri Gagan Tiwari Ar Revenue By Ms. Ila Parmar, Cit- Dr Date Of Hearing 10.06.2024 Date Of Pronouncement 12.06.2024

bogus or not genuine. In support of his contention he has relied upon following decisions: 1.Bengal Peerless Housing Devat. Co. Ltd v. Deputy Commissioner of Income (Circle -7) (1), Kolkata (2019) 103 Taxmann 298 (Kolkata Trib) 2.Bharat Earth Movers v. Commissioner of Income Tax (2000) 112 Taxmann 61 (SC) 3. Commissioner of Income Tax v. Alembic Glass Industries (Tax Appeal