SHRI SHARAD AGRAWAL,INDORE vs. THE JCIT RANGE-4, INDORE

In the result, all these three appeals of the Assessees are partly allowed

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year : 2009-10

section 111A with the object to end the litigation. Hon’ble Finance Minister while presenting Union Budget – 2004-05, clarified the aim and object of Government for introducing the security transaction tax and exempting the long term capital gain from sale of share and levying 10% tax and on short term capital gain on sale of shares . The contents

M/S TRUBA EDUCATION SOCIETY ,BHOPAL vs. PRINCIPAL COMMISSIONER OF INCOME TAX (CENTRAL) BHOPAL, BHOPAL

Bench: Shri B.M. Biyani & Shri Udayan Das Gupta

13 has objected to the reference made by the Assessing Officer under 2nd proviso to section 143(3) of the I.T. Act to the Principal Commissioner of Income Tax (Central), Bhopal for cancellation of registration invoking provisions of section 12AB(4) of the I.T. Act being introduced by Finance Act, 2022 w.e.f. 01.04.2022 mainly on the following grounds: M/s Truba

KUMARI AYUSHI NYATI,INDORE vs. ITO-5(5), INDORE

In the result appeals of the assessee(s) namely Kumari

Bench: Hon'Ble Manish Borad & Hon'Ble Madhumita Royassessment Year:2014-15 Kumari Ayushi Nyati Ito, 5(5) 10, Balaji Vihar, 1-2, Maa Durg Indore बनाम/ Nagar, Navlakha Main Road 1 To Vs. 7, Indore (Appellant) (Revenue ) P.A. No.Ajppn2679C Assessment Year:2014-15 Smt. Vijaya Nyati, Ito, Dhar 5 Nyati House, Mandi Road बनाम/ Dhammod, Dist: Dhar M.P. Vs. (Appellant) (Revenue ) P.A. No.Aappn8302B Assessment Year:2014-15 Shri Vijay Kumar Radheshyam Ito, Dhar Nyati, Huf बनाम/ 5 Nyati House, Mandi Road Vs. Dhammod, Dist: Dhar M.P. (Appellant) (Revenue ) P.A. No.Aachv4415Q

3. VIJAYRATTAN BALKISHAN MITTAL & ORS. Vs. DCIT (MUMBAI TRIBUNAL) – (2019) – ITA No. 3427-3429/Mum/2019 – (Pages 21 – 102 of Case Laws Paper Book) 4. ITO Vs. ARVIND KUMAR JAIN HUF (MUMBAI TRIBUNAL) – (2017) - 51 CCH 0281 – (Pages 103 – 106 of Case Laws Paper Book) 5. DIPAK KR. DE SARKAR Vs. ITO (KOLKATA TRIBUNAL) – (2019) - 56 CCH 0253 – (Pages

VIJAY RADHESHYAM NYATI HUF,DHAR vs. ITO, DHAR

In the result appeals of the assessee(s) namely Kumari

Bench: Hon'Ble Manish Borad & Hon'Ble Madhumita Royassessment Year:2014-15 Kumari Ayushi Nyati Ito, 5(5) 10, Balaji Vihar, 1-2, Maa Durg Indore बनाम/ Nagar, Navlakha Main Road 1 To Vs. 7, Indore (Appellant) (Revenue ) P.A. No.Ajppn2679C Assessment Year:2014-15 Smt. Vijaya Nyati, Ito, Dhar 5 Nyati House, Mandi Road बनाम/ Dhammod, Dist: Dhar M.P. Vs. (Appellant) (Revenue ) P.A. No.Aappn8302B Assessment Year:2014-15 Shri Vijay Kumar Radheshyam Ito, Dhar Nyati, Huf बनाम/ 5 Nyati House, Mandi Road Vs. Dhammod, Dist: Dhar M.P. (Appellant) (Revenue ) P.A. No.Aachv4415Q

3. VIJAYRATTAN BALKISHAN MITTAL & ORS. Vs. DCIT (MUMBAI TRIBUNAL) – (2019) – ITA No. 3427-3429/Mum/2019 – (Pages 21 – 102 of Case Laws Paper Book) 4. ITO Vs. ARVIND KUMAR JAIN HUF (MUMBAI TRIBUNAL) – (2017) - 51 CCH 0281 – (Pages 103 – 106 of Case Laws Paper Book) 5. DIPAK KR. DE SARKAR Vs. ITO (KOLKATA TRIBUNAL) – (2019) - 56 CCH 0253 – (Pages

SMT VIJAYA NYATI, DHAR vs. ITO, DHAR

In the result appeals of the assessee(s) namely Kumari

Bench: Hon'Ble Manish Borad & Hon'Ble Madhumita Royassessment Year:2014-15 Kumari Ayushi Nyati Ito, 5(5) 10, Balaji Vihar, 1-2, Maa Durg Indore बनाम/ Nagar, Navlakha Main Road 1 To Vs. 7, Indore (Appellant) (Revenue ) P.A. No.Ajppn2679C Assessment Year:2014-15 Smt. Vijaya Nyati, Ito, Dhar 5 Nyati House, Mandi Road बनाम/ Dhammod, Dist: Dhar M.P. Vs. (Appellant) (Revenue ) P.A. No.Aappn8302B Assessment Year:2014-15 Shri Vijay Kumar Radheshyam Ito, Dhar Nyati, Huf बनाम/ 5 Nyati House, Mandi Road Vs. Dhammod, Dist: Dhar M.P. (Appellant) (Revenue ) P.A. No.Aachv4415Q

3. VIJAYRATTAN BALKISHAN MITTAL & ORS. Vs. DCIT (MUMBAI TRIBUNAL) – (2019) – ITA No. 3427-3429/Mum/2019 – (Pages 21 – 102 of Case Laws Paper Book) 4. ITO Vs. ARVIND KUMAR JAIN HUF (MUMBAI TRIBUNAL) – (2017) - 51 CCH 0281 – (Pages 103 – 106 of Case Laws Paper Book) 5. DIPAK KR. DE SARKAR Vs. ITO (KOLKATA TRIBUNAL) – (2019) - 56 CCH 0253 – (Pages

SMT. MAMTA NYATI DHAMNOD DISTT. DHAR,DHAMNOD vs. ITO DHAR, DHAR

In the result appeals of the assessee(s) namely Kumari

Bench: Hon'Ble Manish Borad & Hon'Ble Madhumita Royassessment Year:2014-15 Kumari Ayushi Nyati Ito, 5(5) 10, Balaji Vihar, 1-2, Maa Durg Indore बनाम/ Nagar, Navlakha Main Road 1 To Vs. 7, Indore (Appellant) (Revenue ) P.A. No.Ajppn2679C Assessment Year:2014-15 Smt. Vijaya Nyati, Ito, Dhar 5 Nyati House, Mandi Road बनाम/ Dhammod, Dist: Dhar M.P. Vs. (Appellant) (Revenue ) P.A. No.Aappn8302B Assessment Year:2014-15 Shri Vijay Kumar Radheshyam Ito, Dhar Nyati, Huf बनाम/ 5 Nyati House, Mandi Road Vs. Dhammod, Dist: Dhar M.P. (Appellant) (Revenue ) P.A. No.Aachv4415Q

3. VIJAYRATTAN BALKISHAN MITTAL & ORS. Vs. DCIT (MUMBAI TRIBUNAL) – (2019) – ITA No. 3427-3429/Mum/2019 – (Pages 21 – 102 of Case Laws Paper Book) 4. ITO Vs. ARVIND KUMAR JAIN HUF (MUMBAI TRIBUNAL) – (2017) - 51 CCH 0281 – (Pages 103 – 106 of Case Laws Paper Book) 5. DIPAK KR. DE SARKAR Vs. ITO (KOLKATA TRIBUNAL) – (2019) - 56 CCH 0253 – (Pages

MANISH KUMAR RADHESHYAM NYATI ,DHAR vs. ITO, DHAR

In the result appeals of the assessee(s) namely Kumari

Bench: Hon'Ble Manish Borad & Hon'Ble Madhumita Royassessment Year:2014-15 Kumari Ayushi Nyati Ito, 5(5) 10, Balaji Vihar, 1-2, Maa Durg Indore बनाम/ Nagar, Navlakha Main Road 1 To Vs. 7, Indore (Appellant) (Revenue ) P.A. No.Ajppn2679C Assessment Year:2014-15 Smt. Vijaya Nyati, Ito, Dhar 5 Nyati House, Mandi Road बनाम/ Dhammod, Dist: Dhar M.P. Vs. (Appellant) (Revenue ) P.A. No.Aappn8302B Assessment Year:2014-15 Shri Vijay Kumar Radheshyam Ito, Dhar Nyati, Huf बनाम/ 5 Nyati House, Mandi Road Vs. Dhammod, Dist: Dhar M.P. (Appellant) (Revenue ) P.A. No.Aachv4415Q

3. VIJAYRATTAN BALKISHAN MITTAL & ORS. Vs. DCIT (MUMBAI TRIBUNAL) – (2019) – ITA No. 3427-3429/Mum/2019 – (Pages 21 – 102 of Case Laws Paper Book) 4. ITO Vs. ARVIND KUMAR JAIN HUF (MUMBAI TRIBUNAL) – (2017) - 51 CCH 0281 – (Pages 103 – 106 of Case Laws Paper Book) 5. DIPAK KR. DE SARKAR Vs. ITO (KOLKATA TRIBUNAL) – (2019) - 56 CCH 0253 – (Pages

SHRI SHALIGRAM BAROD, ,INDORE vs. PR. CIT-1, INDORE

Bench: Hon'Ble Manish Borad & Hon'Ble’ Madhumita Royassessment Year:2014-15 Shri Shaligram Barod, Pr. Cit-I, Ah/29, Hig, Sukhliya Indore बनाम/ Indore Vs. (Appellant) (Respondent ) P.A. No. Ahfpp4068H Appellant By Shri S.N. Agrawal, Ca Revenue By Shri S.B. Prasad, Cit-Dr

13,000/- was on account of capital gain scheme or not was not examined by the assessing officer 3 Deduction as claimed for construction of House was not correct for Rs 43,31,991/-. 2.2] The Pr CIT. has therefore passed an order under section

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

13,484/- only. 7.3.2 I find that the AO has denied the claim of the appellant firstly by stating that the nature of receipt of Rs. 3,25,00,000/- was not falling under the head Long Term capital Gain, which I have already overruled. Secondly, I find that the AO has disregarded the transaction of purchase of incomplete structure

SHRI NILESH JAIN HUF,INDORE vs. ITO 4(2), INDORE

In the result Ground No.2 of the assessee’s

Bench: Hon’Ble Manish Borad & Hon’Ble Madhumita Royassessment Year 2014-15

3% of the capital gain earned of Rs.1,40,95,032/- amounting to Rs.4,22,859/- was added without any basis and without any cogent material on record, to the income of the appellant as income from undisclosed sources. 14 Ayush Jain & Ors ITA No.616, 617/Ind/2019 & 293&294/Ind/2020 17. The Learned CIT(A) confirmed both the additions mainly

PRITESH JAIN HUF,INDORE vs. ITO 4 (2), INDORE

In the result Ground No.2 of the assessee’s

Bench: Hon’Ble Manish Borad & Hon’Ble Madhumita Royassessment Year 2014-15

3% of the capital gain earned of Rs.1,40,95,032/- amounting to Rs.4,22,859/- was added without any basis and without any cogent material on record, to the income of the appellant as income from undisclosed sources. 14 Ayush Jain & Ors ITA No.616, 617/Ind/2019 & 293&294/Ind/2020 17. The Learned CIT(A) confirmed both the additions mainly

SHRI SUSHIL KUMAR BAFNA,UJJAIN vs. THE ITO 1(1), UJJAIN

In the result, the appeal of the assessee is partly allowed

Bench: Shri C.M.Garg & Shri O.P.Meenaआ.अ.सं./ I.T.A. No. 637/Ind/2014 "नधा"रण वष" /Assessment Year: 2010-11

13 of 24 Sri Prasad Nimmagadda v. DCIT –II [2013]32 taxmann.com 5( Hyderabad-Trib) / [2013] 27 ITR (T) 63/ 56 SOT 473(Hyd) held where amount of capital gains claimed as exempted under section 54F is not utilized in construction of residential house within period of 3

SMT. ANNAPURNA MAHESHWARI,INDORE vs. THE ITO-4(1), INDORE

In the result I.T.A.No.315/Ind/2012& I

Bench: Shri Kul Bharat & Shri Manish Borad

section 40A(3), it was held that "In interpreting a taxing statute, the court cannot be oblivious of the proliferation of black money which is under circulation in our country."' 4.3.3; AO's finding that it is a case of dubious tax planning, it has to be necessarily upheld for the simple reasons that the only object of the appellant

SHRI PRADEEP MAHESHWARI HUF,INDORE vs. THE ACIT 3(1), INDORE

In the result I.T.A.No.315/Ind/2012& I

Bench: Shri Kul Bharat & Shri Manish Borad

section 40A(3), it was held that "In interpreting a taxing statute, the court cannot be oblivious of the proliferation of black money which is under circulation in our country."' 4.3.3; AO's finding that it is a case of dubious tax planning, it has to be necessarily upheld for the simple reasons that the only object of the appellant

SMT. ANNAPURNA MAHESHWARI,INDORE vs. THE ACIT, 4(1), INDORE

In the result I.T.A.No.315/Ind/2012& I

Bench: Shri Kul Bharat & Shri Manish Borad

section 40A(3), it was held that "In interpreting a taxing statute, the court cannot be oblivious of the proliferation of black money which is under circulation in our country."' 4.3.3; AO's finding that it is a case of dubious tax planning, it has to be necessarily upheld for the simple reasons that the only object of the appellant

GOVERDHAN LAL YADAV,INDORE vs. INCOME TAX OFFICER-3(5), INDORE

Appeal is allowed

Bench: Shri B.M. Biyani & Shri Paresh M. Joshiassessment Year : 2015-16 Goverdhan Lal Yadav, Ito-3(5) 112/12, Nanda Nagar, Indore बनाम/ Opp. Anoop Takies, Vs. Indore (Revenue / Appellant) (Assessee / Respondent) Pan: Aaypy9432A Assessee By Shri Venus Rawka, Ar Revenue By Shri Anoop Singh, Cit-Dr Date Of Hearing 22.07.2025 Date Of Pronouncement 24.07.2025 आदेश/ O R D E R

13,610/- under section 143(3) of the Income Tax Act 1961 as against the return income at Rs.49,130/-. 2.That the Ld. CIT(A) erred in law and the facts of the case and confirmed the disallowance of exemption claimed u/s 54B of the Income Tax Act, at Rs.3,09,64,475/- without considering full facts and reasoning

THE ACIT, CIRCLE 2(1), INDORE vs. DR. SHRI RAJEEV CHAUDHARY, INDORE

In the result, the appeal of the revenue is allowed and cross objection of the assessee is partly allowed

Bench: Hon'Ble I Kul Bharat & Hon'Ble Manish Boradassessment Year 2008-09 Pan : Abkpc5729K Assistant Commissioner Of V/S Dr.Rajeev Choudhary Income Tax, 1, Shiv Vilas Palace Circle-2(1), Indore Indore

3), Mumbai Vs. Shri Sachin R. Tendulkar, ITA No. 3217/Mum/2014 for the A.Y. 2010-11 and ITA No. 1411!Mum/2015 for the A.Y. 2011-12 dated 25.01.2017 in favour of the assessee. In the result, appeal is filed by the Revenue are dismissed regarding income from capital gains. The copy of the same is on page

KANHAIYA LAL PANCHAL,RATLAM vs. BPL-W-(91)(95), RATLAM

In the result, the appeal of the assessee is allowed

Bench: Shri B.M. Biyani & Shri Paresh M. Joshiassessment Year:2024-25 Kanhaiya Lal Panchal, Bpl-W-(91)(95) 1, Jadwasa Kala, बनाम/ Ratlam Vs. (Assessee/Appellant) (Revenue/Respondent) Pan: Aqrpp0055D Assessee By Shri Kaide Kangsawala, Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 06.01.2026 Date Of Pronouncement 16.01.2026

3. Being aggrieved by the said order of CIT(A), the assessee has preferred the present appeal before us raising the following ground: The Learned Commissioner of Income Tax (Appeals) has erred in the interpretation of law and in the facts of the case by disallowing the claim of rebate of Rs.13,320/- under section