ACIT CENTRAL-2 INDORE, INDORE vs. SHRI .GAURAV TEKRIWAL, INDORE

In the result, this appeal of Revenue is dismissed

Bench: Ms. Madhumita Roy & Shri B.M. Biyani(Conducted Through Virtual Court) Assessment Year: 2015-16 Acit, Central -2 Shri Gaurav Tekriwal Indore बनाम/ 204, Princess Valley, South Tukoganj, Indore Vs. (Appellant / Revenue) (Respondent / Revenue) Pan: Acppt 1628 Q Assessee By Shri Anil Kamal Garg, Arpit Gaur, Ars Revenue By Shri P.K. Mitra, Cit-Dr Date Of Hearing 21.09.2022 Date Of Pronouncement 21.11.2022

section 56 of the Act.” 7. During appellate proceeding, Ld. CIT(A) reversed the action of Ld. AO. Ld. CIT(A) accepted assessee’s claim of long-term capital gain by observing as under: “4.3 I have duly considered tire facts of the case, the AO's order and the appellant’s written submission find that in support

SATYANARAYAN SHARMA,INDORE vs. PRINCIPAL COMMISSIONER OF INCOME TAX-I, INDORE

In the result, appeal filed by the assessee is partly allowed

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year:2013-14

AC, Sofa sets, etc e. from the amount of addition re-worked towards taxable LTCG of Rs. 10,30,044 out of which Rs. 3,75,152 was already reported in the return and balance Rs. 6,54,892 was added while making the assessment 4. Ld. AO allowed the claim on being satisfied with the explanation of assessee

AATMA PRAKASH MENTAL HEALTH FOUNDATION,INDORE vs. COMMISSIONER OF INCOME TAX (EXEMPTION), BHOPAL

Appeal is allowed for statistical purpose

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniaatma Prakash Mental Cit (Exemption), Health Foundation, Bhopal बनाम/ 738, Nehru Nagar, Vs. Indore. (Appellant/Assessee) (Respondent/Revenue) Pan: Aaoca9170A Assessee By Shri Apurva Mehta & Shri Rajesh Mehta, Ars Revenue By Shri Ram Kumar Yadav, Cit Dr Date Of Hearing 16.05.2024 Date Of Pronouncement 20.05.2024

ac) of sub-section (1) of section 122A of the Act, till 30.09.2023 where the due date for making such application has expired prior to such date. 15. However, in earlier Circular 8/2022, which was issued on 31.03.2022 the CBDT has given instruction about approval 80G(5) of the Act, which is reproduced below: “1. On consideration of difficulties

THE DCIT-3(1), INDORE vs. M/S. M.P. ENTERTAINMENT & DEVELOPERS PVT. LTD., INDORE

Bench: Ms. Madhumita Roy & Shri Bhagirath Mal Biyani

12 – that the rental receipts from letting out the area of Shopping Mall are in the nature of “Income from House Property” and not in the nature of business receipts. The income from common maintenance charges, HVAC Charges etc. were held to be the ‘income from business’. The main contention of the Ld. AO is as follows: “i) Generally

THE DCIT-3(1), INDORE vs. M/S. M.P. ENTERTAINMENT & DEVELOPERS PVT. LTD., INDORE

Bench: Ms. Madhumita Roy & Shri Bhagirath Mal Biyani

12 – that the rental receipts from letting out the area of Shopping Mall are in the nature of “Income from House Property” and not in the nature of business receipts. The income from common maintenance charges, HVAC Charges etc. were held to be the ‘income from business’. The main contention of the Ld. AO is as follows: “i) Generally

DEPUTY COMMISSIONER OF INCOME TAX -3 (1), INDORE vs. M/S M.P. ENTERTAINMENT AND DEVELOPERS PRIVATE LIMITED, INDORE

Bench: Ms. Madhumita Roy & Shri Bhagirath Mal Biyani

12 – that the rental receipts from letting out the area of Shopping Mall are in the nature of “Income from House Property” and not in the nature of business receipts. The income from common maintenance charges, HVAC Charges etc. were held to be the ‘income from business’. The main contention of the Ld. AO is as follows: “i) Generally

THE DCIT-3(1), INDORE vs. M/S. M.P. ENTERTAINMENT & DEVELOPERS PVT. LTD., INDORE

Bench: Ms. Madhumita Roy & Shri Bhagirath Mal Biyani

12 – that the rental receipts from letting out the area of Shopping Mall are in the nature of “Income from House Property” and not in the nature of business receipts. The income from common maintenance charges, HVAC Charges etc. were held to be the ‘income from business’. The main contention of the Ld. AO is as follows: “i) Generally

ASIAN BUSINESS CONECTION PVT. LTD.,BHOPAL vs. DCIT - 1(1) , BHOPAL

Bench: Hon'Ble Kul Bharat & Hon'Ble Manish Boradassessment Year 2015-16 M/S. Asian Business Dcit-1(1), Connections Private Ltd, Vs. Bhopal Fm-18, Man Sarovar Complex, 7No. Stop, Shivaji Nagar, Bhopal (Appellant) (Respondent ) Pan No.Aaica1206D

Ac,1961 or whether it is a purely commercial transaction which does not fit in the category of either a loan or a deposit ? • This ground of appeal is against the additions made by the AO under Section 2(22)(e) of the Act. Asian Business Connection Private Limited • The appellant is engaged in the business of making strategic investments

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

12. Ld. DR has submitted that there was a search and seizure action u/s 132 of the Act in case of Jain & Dixit Group on 12.07.2016. During the search certain documents were found and seized as LPS-2 from the promises 7/1, YN, Road, Indore. The seized material reveals that M/s. M.P. Agro Nutri Foods Ltd. has taken accommodation entries

ASSISTANT COMMISSIONER OF INCOME TAX - 4(1), INDORE, INDORE vs. PRATAAP SNACKS LIMITED, INDORE

In the result revenue’s appeal is dismissed and assessee’s cross-objection is allowed

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

12. We have considered rival submissions as well as relevant materials on record. The revenue has raised common grounds in these appeals. There is no dispute that the assessee company is engaged in the business of manufacturing and sales of different types of potato based chips, snacks and namkeen. Sub Section 11A of Section 80IB provides for the deduction

ASSISSTANT COMMISSIONER OF INCOME TAX - 4(1), INDORE, INDORE vs. PRATAAP SNACKS LIMITED, INDORE

In the result revenue’s appeal is dismissed and assessee’s cross-objection is allowed

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

12. We have considered rival submissions as well as relevant materials on record. The revenue has raised common grounds in these appeals. There is no dispute that the assessee company is engaged in the business of manufacturing and sales of different types of potato based chips, snacks and namkeen. Sub Section 11A of Section 80IB provides for the deduction

ASSISSTANT COMMISSIONER OF INCOME TAX - 4(1), INDORE, INDORE vs. PRATAAP SNACKS LIMITED, INDORE

In the result revenue’s appeal is dismissed and assessee’s cross-objection is allowed

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

12. We have considered rival submissions as well as relevant materials on record. The revenue has raised common grounds in these appeals. There is no dispute that the assessee company is engaged in the business of manufacturing and sales of different types of potato based chips, snacks and namkeen. Sub Section 11A of Section 80IB provides for the deduction

ASSISTANT COMMISSIONER OF INCOME TAX - 4(1), INDORE, INDORE vs. PRATAAP SNACKS LIMITED, INDORE

In the result revenue’s appeal is dismissed and assessee’s cross-objection is allowed

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

12. We have considered rival submissions as well as relevant materials on record. The revenue has raised common grounds in these appeals. There is no dispute that the assessee company is engaged in the business of manufacturing and sales of different types of potato based chips, snacks and namkeen. Sub Section 11A of Section 80IB provides for the deduction

ASSISSTANT COMMISSIONER OF INCOME TAX - 4(1), INDORE, INDORE vs. PRATAAP SNACKS LIMITED, INDORE

In the result revenue’s appeal is dismissed and assessee’s cross-objection is allowed

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

12. We have considered rival submissions as well as relevant materials on record. The revenue has raised common grounds in these appeals. There is no dispute that the assessee company is engaged in the business of manufacturing and sales of different types of potato based chips, snacks and namkeen. Sub Section 11A of Section 80IB provides for the deduction

AMIT ASHOK AGRAWAL,INDORE vs. ITO-2(2), INDORE

In the result, the quantum appeal of assessee is partly allowed for statistical purposes and penalty appeal of assesse is allowed

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

AC, submission of appellant the ground wise adjudication of appeal is as under- Ground 1 6.2. Ground 1 relates to addition made by the learned AO on cash deposited of Rs. 10,33,000/- under section 63 of the Income Tax Act. 6.3. The learned AO did not receive any submission from the appellant and on failure of the appellant

AMIT ASHOK AGRAWAL,INDORE vs. ITO-2(2), INDORE

In the result, the quantum appeal of assessee is partly allowed for statistical purposes and penalty appeal of assesse is allowed

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

AC, submission of appellant the ground wise adjudication of appeal is as under- Ground 1 6.2. Ground 1 relates to addition made by the learned AO on cash deposited of Rs. 10,33,000/- under section 63 of the Income Tax Act. 6.3. The learned AO did not receive any submission from the appellant and on failure of the appellant

DCIT 1(1), INDORE vs. M/S MAA UMIYA AGRITECH PVT. LTD. , INDORE

In the result, appeal of Revenue is dismissed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanidcit 1(1) M/S. Maa Umiya Agritech Pvt. Ltd. Indore 119, A.B. Road, Aloo Pyaj Mandi, Vs. Indore (Appellant / (Revenue) (Assessee) Pan: Aabcn8230F Revenue By Shri P.K. Mishra, Cit-Dr Respondent By Shri S.S. Solanki, Ar Date Of Hearing 11.04.2023 Date Of Pronouncement 08.06.2023

capital gain 45,00,000/- (as discussed in para 8) Total assess Income 5,38,80,006/- 11. The AO rejected the claim of loss only on the ground that nobody has responded to the notice issued however, the return of income as well as audit report was very much available with the AO as recorded in the assessment order