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

Capital Gain at Rs.41,29,512/- as income from other sources and assessed total income of Rs.46,16,410/-. 6. Aggrieved assessee preferred an appeal before Ld.CIT(A) but failed to succeed as the view taken by the Ld.A.O was confirmed by Ld.CIT(A) observing as follows; “4.3 Ground No.2 to 6 are directed against AO's action in holding

RUPESH VYAS,INDORE vs. THE ACIT3(1), INDORE, INDORE

In the result, this appeal of assessee is dismissed

Bench: Shri T.R. Senthil Kumar & Shri B.M. Biyani

capital gain and paper work has been done merely to give a colour of authenticity to the transaction and by creating a façade of legitimate transactions. The same is therefore chargeable to tax u/ s 68 of IT Act. Section 68 of the Income-tax Act, 1961, reads as under: "68. Where any sum is found credited in the books

RUPESH VYAS,INDORE vs. THE ACIT3(1), INDORE, INDORE

In the result, this appeal of assessee is dismissed

Bench: Ms. Suchitra Kamble & Shri B.M. Biyani

capital gain and paper work has been done merely to give a colour of authenticity to the transaction and by creating a façade of legitimate transactions. The same is therefore chargeable to tax u/ s 68 of IT Act. Section 68 of the Income-tax Act, 1961, reads as under: "68. Where any sum is found credited in the books

SHRI VINOD CHOUDHARY,INDORE vs. ITO1 3), INDORE

The appeal of the assessee is allowed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanishri Vinod Choudhary, Ito 1(3) 12, Niranjanpur, Indore Vs. Lasudia, Indore (Appellant / Assessee) (Respondent/ Revenue) Pan: Akrpv 4892 Q Assessee By Shri Pankaj Shah & Soumya Bomb, Ars Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 27.02.2023 Date Of Pronouncement 28.02.2023

section 144 of Income-tax Act, 1961 [“the act”] for assessment-year [“AY”] 2012-13, the assessee has filed this appeal on following grounds: “1. That the order of AO is bad in law & wrong on facts. 2. (a) That the AO has erred in determining the long term capital gain

INCOME TAX OFFICER 2(1), BHOPAL, BHOPAL vs. DEVI SINGH, BHOPAL

Appeal is dismissed being devoid of any merit

144 on the ground that the immovable property sold\nby the appellant falls under cap he appellant falls under capital asset\nU/s 2(14) of the he Act. However AO has not pointed out or brought\nany facts on the record as to how the above sold land is capital asset.\nAll the documentary evidence such as copy of sale

LATE SHRI KHEMRAJ PATIDAR (THROUGH WIFE AND LEGAL HEIR SMT. BHAGWATI PATIDAR),BHOPAL vs. INCOME-TAX OFFICER, 2(4), BHOPAL, BHOPAL

Appeal is allowed for statistical purpose

capital gains on land sale and unexplained cash deposits. The original assessee had not filed a return, and the assessment was completed under Section 144

HIMANSHU BOTADEARA HUF,INDORE vs. THE ITO 4(3), INDORE

In the result, these two appeals filed by the assesse are

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

Section 144 of the Income-tax Act, 1961, on 24th December, 2018, whereby an addition u/s 68 of the Act was made Page 3 of 12 Himanshu Botadara, HUF, Indore vs. ITO,4(3), Indore. I.T.A.Nos. 155 & 156/Ind/2023 - A.Ys. 2011-12 & 2012-13 to the tune of Rs. 2,09,239/- being bogus long term capital gains

HIMANSHU BOTADEARA HUF,INDORE vs. THE ITO 4(3), INDORE

In the result, these two appeals filed by the assesse are

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

Section 144 of the Income-tax Act, 1961, on 24th December, 2018, whereby an addition u/s 68 of the Act was made Page 3 of 12 Himanshu Botadara, HUF, Indore vs. ITO,4(3), Indore. I.T.A.Nos. 155 & 156/Ind/2023 - A.Ys. 2011-12 & 2012-13 to the tune of Rs. 2,09,239/- being bogus long term capital gains

BIHARILAL,HOSHANGABAD vs. COMISSIONER OF INCOME TAX (APPEALS), NFAC-DELHI

Appeal is allowed for statistical purpose

Bench: Shri B.M. Biyani & Shri Paresh M. Joshiassessment Year:2018-19 Assessment Unit Of Income- Biharilal, Tax Department S/O Gaurishankar, 508, Ward No. 15, बनाम/ Shobhapur, Vs. Hoshangabad (Assessee/Appellant) (Revenue/Respondent) Pan: Eonpb2765E Assessee By Ms. Saniya Farhaz Memon, Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 29.01.2026 Date Of Pronouncement 19.02.2026

144 are bad in law as well as on facts and are liable to be annulled. Ground3. The Learned A.O. has erred in computation of Long-term capital gain on fact that he has not considered the basic exemption limit of Rs. 2,50,000/- Ground4. The Learned A.O. has erred in taking the consideration for sale of land

SHRI NARESH MODI (LEGAL HEIR OF LATE SHRI BASANTILAL MODI),INDORE vs. THE ITO 3(2), INDORE

In the result, the appeal of the Assessee in ITANo

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2008-09

144 r.w. section 147 was framed vide order dated 21.03.2014. During the course of assessment no one appeared on behalf of the assessee, therefore, the AO, on the basis of material available on record made addition of Rs.68,66,000/- by invoking the provisions of section 50C of the Act in respect of the sale value of the property

SHRI SUNIL SOJATIA,INDORE vs. THE ACIT CIRCLE -2(1), INDORE

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

Bench: Shri Kul Bharat & Shri Manish Borad

gains on the sale of agricultural land at Rao is exempt u/s. 54B. If the said ground is allowed, the addition, if any would be neutralized. f. Ld AO in the remand proceedings has accepted this fact at CIT(A) pg. 18 para 3, which is quoted as under: “Assessee has submitted copies of sale deed of land and letter

SHRI PRABHAT SOJATIA,INDORE vs. THE ACIT 2(1), INDORE

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

Bench: Shri Kul Bharat & Shri Manish Borad

gains on the sale of agricultural land at Rao is exempt u/s. 54B. If the said ground is allowed, the addition, if any would be neutralized. f. Ld AO in the remand proceedings has accepted this fact at CIT(A) pg. 18 para 3, which is quoted as under: “Assessee has submitted copies of sale deed of land and letter

SHRI MANISH KARWA,INDORE vs. THE PR CIT -1, INDORE

In the result, appeal of assessee is allowed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanimanish Jai Narayan Karwa Pr. Cit-1 9 Janki Nagar, Indore Vs. Indore (Appellant / Assessee) (Respondent/ Revenue) Pan: Aabcb 2304 E Assessee By Ms. Shreya Jain & Vibha Tiwari Ars Revenue By Shri P.K. Mishra, Cit-Dr Date Of Hearing 19.07.2023 Date Of Pronouncement 27 .07.2023

capital gain amounting to Rs. 9,60,41,245/- on sales of shares of Scan Steel Limited is assessed by the Income Tax Officer 5(1) Indore for which assessee has specifically made the request in writing which is reproduce by the Ld. Pr. CIT on page 4 First Para of his order, particularly when he is having charge

GEETA BAI,BERASIA vs. ITO 4(4), BHOPAL

In the result appeals of the assessee for Assessment Year

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

capital gain was exempt under section 54F since the appellant had Page 4 of 7 ITANos.303 to 305/Ind/2024 Geeta Bai constructed residential house out of the sale proceeds which is not considered by the CIT Appeals whilst passing the appellant order. 8. That the appellant craves leave to add to amend alter modify substitute withdrawal delete or rescind

GEETA BAI,BHOPAL vs. ITO 4(4), BHOPAL

In the result appeals of the assessee for Assessment Year

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

capital gain was exempt under section 54F since the appellant had Page 4 of 7 ITANos.303 to 305/Ind/2024 Geeta Bai constructed residential house out of the sale proceeds which is not considered by the CIT Appeals whilst passing the appellant order. 8. That the appellant craves leave to add to amend alter modify substitute withdrawal delete or rescind

GEETA BAI,BERASIA vs. ITO 4(4) BHOPAL, BHOPAL

In the result appeals of the assessee for Assessment Year

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

capital gain was exempt under section 54F since the appellant had Page 4 of 7 ITANos.303 to 305/Ind/2024 Geeta Bai constructed residential house out of the sale proceeds which is not considered by the CIT Appeals whilst passing the appellant order. 8. That the appellant craves leave to add to amend alter modify substitute withdrawal delete or rescind

THE ACIT-2(1), UJJAIN vs. SHRI SANJAY BAGDI, UJJAIN

In the result appeal of the revenue is allowed for statistical

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year 2012-13 Assistant Commissioner Of Shri Sanjay Bagdi, Income Tax – 2(1), Vs. 173 Alakhdham Nagar, Ujjain Ujjain (Appellant) (Respondent ) Pan No.Ahcpb6349L Revenue By Shri K.G. Goyal, Sr.Dr Assessee By S/Shri S.S. Deshpande & Bhavesh Netkar,Cas Date Of Hearing 01.11.2018 Date Of Pronouncement 14.11.2018 O R D E R

gains of business or profession" or "Income from other sources" shall, subject to the provisions of sub-section (2), be computed in accordance with either cash or mercantile system of accounting regularly employed by the assessee. (2) The Central Government may notify in the Official Gazette from time to time income computation and disclosure standards to be followed

INCOME TAX OFFICER 2(1), BHOPAL, BHOPAL vs. DEVI SINGH, BHOPAL

Appeal is dismissed being devoid of any

Bench: Shri Siddhartha Nautiyal & Shri B.M. Biyani

144 r.w.s. 147 of the Income-tax Act, 1961 [“Act”] for assessment year [“AY”] 2010-11. Page 1 of 7 Devi Singh ITA Nos.20 & 201/Ind/2024 – A.Y. 2010-11 (ii) I.T.A. No. 201/Ind/2024 is a penalty-appeal directed against order of first appeal dated 19.01.2024 passed by CIT(A) which in turn arises out of penalty-order dated 29.09.2016 passed