IMRAN KHAN,BHOPAL vs. THE ITO2 (2), BHYOPAL

In the result the issue No

Bench: Shri Vijay Pal Rao & Shri Manish Boradimran Khan Ito 2(2) S/O Sh. Gulab Khan H. No.35 Bhopal Village-Inayatpura Kolar Board, Vs. Bhopal (Appellant / Assessee) (Respondent/ Revenue) Pan: Ckqpk5708M Assessee By Shri Niranjan Purandar Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 02.01.2023 Date Of Pronouncement 11.01.2024

Section 54B which simply casts an obligation upon the assessee to buy agricultural land for claiming the said deduction without specifying in whose name the new Land should be bought. 4.That the respondent failed to notice that the minors are incompetent to be a buyer in the eyes of law and assessee is a natural/legal guardian. 5.That the respondent failed

RADHESHYAM KHANDELWAL,INDORE vs. ACIT4(1), INDORE

In the result, all the captioned appeals filed by different

Bench: Hon’Ble Madhumita Royassessment Year 2014-15

32 of PB 6 Radheyshyam Khandelwal & Ors ITA No.7,8,29,30,& 113/Ind/2019 Details of long term capital gain claimed as exempt under section

MOHANLAL KHANDELWAL,INDORE vs. THE ITO-4(1), INDORE

In the result, all the captioned appeals filed by different

Bench: Hon’Ble Madhumita Royassessment Year 2014-15

32 of PB 6 Radheyshyam Khandelwal & Ors ITA No.7,8,29,30,& 113/Ind/2019 Details of long term capital gain claimed as exempt under section

SHRI SURESH KHANDELWAL,INDORE vs. THE ITO-4(1), INDORE

In the result, all the captioned appeals filed by different

Bench: Hon’Ble Madhumita Royassessment Year 2014-15

32 of PB 6 Radheyshyam Khandelwal & Ors ITA No.7,8,29,30,& 113/Ind/2019 Details of long term capital gain claimed as exempt under section

SMT. SANDHYA KHANDELWAL,INDORE vs. ITO 4(3), INDORE

In the result, all the captioned appeals filed by different

Bench: Hon’Ble Madhumita Royassessment Year 2014-15

32 of PB 6 Radheyshyam Khandelwal & Ors ITA No.7,8,29,30,& 113/Ind/2019 Details of long term capital gain claimed as exempt under section

SMT. RUKMANI KHANDELWAL,INDORE vs. ITO-4(3), INDORE

In the result, all the captioned appeals filed by different

Bench: Hon’Ble Madhumita Royassessment Year 2014-15

32 of PB 6 Radheyshyam Khandelwal & Ors ITA No.7,8,29,30,& 113/Ind/2019 Details of long term capital gain claimed as exempt under section

THE DCIT1(1), INDORE vs. SHRI RAVI ARORA, INDORE

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniassessment Year:2011-12 Dcit-5(1), Shri Ravi Arora, Indore 1007, Khatiwala Tank, बनाम/ 236, Indraprasth Tower, 6, M.G. Road, Vs. Indore. (Revenue / Appellant) (Assessee / Respondent) Pan: Agdpa8921H Assessee By Shri Yash Kukreja, Ca & Shri Hitesh Chimnani, Adv & Ld. Ars Revenue By Shri P.K.Mishra, Cit Dr Date Of Hearing 04.05.2023 Date Of Pronouncement 31.07.2023

Capital Gain and hence giving relief of Rs. 44,81,373/- without considering the fact that the company m/s. Eden Financial Services, from whom the shares were purchased off line and the registration of company i.e. No. INB 230660520 was cancelled by SEBI. (4) Whether on the facts and in the circumstances of the case

SMT. PUSHPA AGRAWAL,INDORE vs. ITO WARD 5(2), INDORE, AAYKAR BHAWAN, OPPOSITE WHITE CHURCH, RESIDENCY AREA, INDORE

Appeal is allowed

32, 35, 36-39, 42, 43-46, 48, 49 & 50 of Paper-Book to show the vehement queries raised by AO and replies/documents filed by assessee. Ld. AR demonstrated that the assessee not only filed details qua the eligibility and allowability of exemption u/s 54B but also made an alternative submission to the AO that the sold lands were situated

ASSISTANT COMMISSIONER OF INCOME TAX, INDORE vs. COMMANDER INDUSTRIES PRIVATE LIMITED, INDORE

In the result, the appeal of the revenue and CO of assessee are dismissed

32(1) 47(vi & vii). He has relied upon the order of the AO.\n4. On the other hand, Ld. AR has submitted that the scheme of amalgamation was duly approved by the NCLT vide order dated 21st July 2020 placed at page no.122 to 131 and therefore, it is not an excess payment made by the assessee against taking

PAWAN KUMAR CHHAPARIA,MUMBAI vs. ITO BURHANPUR, BURHANPUR

Appeal is allowed

Bench: Shri Manish Borad& Ms. Madhumita Roy

Section 148 was issued and the proceeding was carried by the Ld. AO. Upon verification of computation of income it was found that the assessee had shown exempt long term capital gain on purchase/sale of shares at Rs. 74,88,105/-. The assessee in total purchased 2,00,000 quantity of scrip of M/s. Splash Media Works Ltd. from

ASHISH CHHAPARIA,MUMBAI vs. ITO BURHANPUR, BURHANPUR

Appeal is allowed

Bench: Shri Manish Borad& Ms. Madhumita Roy

Section 148 was issued and the proceeding was carried by the Ld. AO. Upon verification of computation of income it was found that the assessee had shown exempt long term capital gain on purchase/sale of shares at Rs. 74,88,105/-. The assessee in total purchased 2,00,000 quantity of scrip of M/s. Splash Media Works Ltd. from

MANISH CHHAPARIA,MUMBAI vs. ITO BURHANPUR, BURHANPUR

Appeal is allowed

Bench: Shri Manish Borad& Ms. Madhumita Roy

Section 148 was issued and the proceeding was carried by the Ld. AO. Upon verification of computation of income it was found that the assessee had shown exempt long term capital gain on purchase/sale of shares at Rs. 74,88,105/-. The assessee in total purchased 2,00,000 quantity of scrip of M/s. Splash Media Works Ltd. from

MANISH CHHAPARIA,MUMBAI vs. ITO BURHANPUR, BURHANPUR

Appeal is allowed

Bench: Shri Manish Borad& Ms. Madhumita Roy

Section 148 was issued and the proceeding was carried by the Ld. AO. Upon verification of computation of income it was found that the assessee had shown exempt long term capital gain on purchase/sale of shares at Rs. 74,88,105/-. The assessee in total purchased 2,00,000 quantity of scrip of M/s. Splash Media Works Ltd. from

KUSUM YADAV,INDORE vs. ITO 1(2), INDORE

In the result, the appeal of the assessee bearing ITA No

capital gains sustained by the first\nappellate authority on incorrect assumption of facts may please be deleted.\n11.\nRegarding ground numbers 4 and 5, which relates to the addition of Rs.20\nlakhs u/s 68 of the Act 61, the Ld. AR submitted that the cash deposit of\nRs.21,70,000/- made by the assessee in her bank account

SHRI GOPAL TAYAL,SENDHWA vs. THE ITO SENDHWA, SENDHWA

Bench: Hon’Ble Madhumita Royassessment Year 2014-15

Section 10(38) of the Act arising out of the sale of shares of M/s. Turbotech Engineering Ltd. in the identical situation were considered and allowed in favour of the assessee. He, therefore, prayed for deletion of addition made by the Revenue. 10. The Ld. AR relied upon the order passed by the Hon’ble Delhi Bench of ITAT

SHRI VRINDAVAN TAYAL,SENDHWA vs. THE ITO SENDHWA, SENDHWA

Bench: Hon’Ble Madhumita Royassessment Year 2014-15

Section 10(38) of the Act arising out of the sale of shares of M/s. Turbotech Engineering Ltd. in the identical situation were considered and allowed in favour of the assessee. He, therefore, prayed for deletion of addition made by the Revenue. 10. The Ld. AR relied upon the order passed by the Hon’ble Delhi Bench of ITAT

GOVARDHAN TAYAL,SENDHWA vs. THE ITO SENDHWA, SENDHWA

Bench: Hon’Ble Madhumita Royassessment Year 2014-15

Section 10(38) of the Act arising out of the sale of shares of M/s. Turbotech Engineering Ltd. in the identical situation were considered and allowed in favour of the assessee. He, therefore, prayed for deletion of addition made by the Revenue. 10. The Ld. AR relied upon the order passed by the Hon’ble Delhi Bench of ITAT

SHRI GAURAV TAYAL,SENDHWA vs. THE ITO SENDHWA, SENDHWA

Bench: Hon’Ble Madhumita Royassessment Year 2014-15

Section 10(38) of the Act arising out of the sale of shares of M/s. Turbotech Engineering Ltd. in the identical situation were considered and allowed in favour of the assessee. He, therefore, prayed for deletion of addition made by the Revenue. 10. The Ld. AR relied upon the order passed by the Hon’ble Delhi Bench of ITAT