RAMKUNWAR PATIDAR,BHOPAL vs. THE ITO 2 (4), BHOPAL

Appeal is dismissed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniassessment Year : 2009-10 Shri Ramkunwar Patidar, Income-Tax Officer, Village Salliya, 2(4), बनाम/ Post Bawadia Kalan, Bhopal Vs. Bhopal (Appellant/Assessee) (Respondent/Revenue) Pan: Blxpp4909C Assessee By Shri S.S.Solanki, Ca & Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 15.01.2024 Date Of Pronouncement 22.02.2024

1) of Section 139 of the Act in terms of Sub section (2) of Section 54 of the Act. It is contended that Sub section (4) is not applicable in respect of the assessee so as to avoid payment of long terms capital gain

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

4 of 24 Rs. 9,62,1010 and after deducting the same, long term capital gains was computed at Rs. 1,02,87,899/-. Out of this net long term capital gains of Rs. 3,47,749/- was offered to tax and balance of Rs. 99,40,150/- was claimed as exemption under section

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

1)(ii) were duly served upon the assessee. Necessary submissions were filed by the Ld. Authorized Representative of the assessee. In the course of assessment proceedings the Ld. AO observed that the assessee has disclosed long term capital gain of Rs.31,36,997/- as exempted income u/s 10(38) of the Act. The short term capital gain of Rs.61

SUBHASH CHANDRA AGRAWAL,VIDISHA vs. ITO, VIDISHA, VIDISHA

Appeal is allowed

Bench: Shri B.M. Biyani & Shri Paresh M. Joshiassessment Year:2019-20 Subhash Chandra Ito, Agrawal, Vidisha बनाम/ Galla Mandi, Vs. Vidisha (Assessee/Appellant) (Revenue/Respondent) Pan: Afrpa8769A Assessee By Shri Ashish Goyal & Shri Jaideep Jain, Ars Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 23.02.2026 Date Of Pronouncement 27/02/2026

capital gain in terms with sub-section (3) of section 50C. Therefore, sub- section (1) to section 50C cannot be considered in isolation. By making an adjustment of the nature contemplated under sub-section (1) to section 50C, that too, by CPC, the Department takes away a valuable statutory right given to the assessee to object to the value determined

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

4) (KOLKATTA) TRIBUNAL) I.T.A. No. 161/Kol/2019 Assessment Year: 2015-16 (2021) (Pages 217 – 226 of Case Laws Paper Book) 14. ACHAL GUPTA Vs. ITO (LUCKNOW TRIBUNAL) – (2021) (Pages 227 – 242 of Case Laws Paper Book 15. Pr CIT-12, Delhi Vs. Smt. Krishna Devi & Others (DELHI HIGH COURT) – (2021) (Pages 243 – 252 of Case Laws Paper Book) 16. Anraj Hiralal

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

4) (KOLKATTA) TRIBUNAL) I.T.A. No. 161/Kol/2019 Assessment Year: 2015-16 (2021) (Pages 217 – 226 of Case Laws Paper Book) 14. ACHAL GUPTA Vs. ITO (LUCKNOW TRIBUNAL) – (2021) (Pages 227 – 242 of Case Laws Paper Book 15. Pr CIT-12, Delhi Vs. Smt. Krishna Devi & Others (DELHI HIGH COURT) – (2021) (Pages 243 – 252 of Case Laws Paper Book) 16. Anraj Hiralal

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

4) (KOLKATTA) TRIBUNAL) I.T.A. No. 161/Kol/2019 Assessment Year: 2015-16 (2021) (Pages 217 – 226 of Case Laws Paper Book) 14. ACHAL GUPTA Vs. ITO (LUCKNOW TRIBUNAL) – (2021) (Pages 227 – 242 of Case Laws Paper Book 15. Pr CIT-12, Delhi Vs. Smt. Krishna Devi & Others (DELHI HIGH COURT) – (2021) (Pages 243 – 252 of Case Laws Paper Book) 16. Anraj Hiralal

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

4) (KOLKATTA) TRIBUNAL) I.T.A. No. 161/Kol/2019 Assessment Year: 2015-16 (2021) (Pages 217 – 226 of Case Laws Paper Book) 14. ACHAL GUPTA Vs. ITO (LUCKNOW TRIBUNAL) – (2021) (Pages 227 – 242 of Case Laws Paper Book 15. Pr CIT-12, Delhi Vs. Smt. Krishna Devi & Others (DELHI HIGH COURT) – (2021) (Pages 243 – 252 of Case Laws Paper Book) 16. Anraj Hiralal

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

4) (KOLKATTA) TRIBUNAL) I.T.A. No. 161/Kol/2019 Assessment Year: 2015-16 (2021) (Pages 217 – 226 of Case Laws Paper Book) 14. ACHAL GUPTA Vs. ITO (LUCKNOW TRIBUNAL) – (2021) (Pages 227 – 242 of Case Laws Paper Book 15. Pr CIT-12, Delhi Vs. Smt. Krishna Devi & Others (DELHI HIGH COURT) – (2021) (Pages 243 – 252 of Case Laws Paper Book) 16. Anraj Hiralal

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

4) towards deposit in capital gain Deposits Scheme. The case of the assessee was assessed u/s 143(3) of the Act after making certain additions/disallowance. Ld. Pr. CIT invoked the provisions u/s 263 of the Act and issued show cause notice mentioning the following three reasons : S.No Reason for issuance of the notice under section 263 of the Act 1

VIMAL TODI,INDORE vs. ADDITIONAL COMMISSIONER OF INCOME TAX, INDORE

Appeal is allowed

Bench: Shri B.M. Biyani & Shri Paresh M Joshishri Vimal Todi, Additional Commissioner बनाम/ 501, Darshan Residency, Of Income-Tax, Vs. 104-105, Anand Bazar, Indore Indore

4 of 33 Shri Vimal Todi ITA Nos. 188/Ind/2024 - AY 2012-13 section 275. The assessee also raised this very issue before CIT(A) but the CIT(A) referred following provision of section 275(1)(c): “275(1) No order imposing a penalty under this Chapter shall be passed – (a) XXX (b) XXX (c) in any other case, after

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

4,15,620/-) comprising of income Page 1 of 12 Kanhaiya Lal Panchal ITA No. 702/Ind/2025 – AY 2024-25 from salary, short-term capital gain, long-term capital gain and income from other sources alongwith agricultural income of Rs. 2,74,118/-. The assessee opted under new tax regime u/s 115BAC, computed tax liability of Rs. 22,536/- but claimed

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

capital gains account scheme before the due date prescribed under Section 139(1) of the IT Act ? " This was answered by Hon'ble High Court as follows : "As is clear from Sub-Section (4

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

4 appeals we find that the major common issue raised by the respective assessee(s) is against the finding of Ld. CIT(A) confirming the action of Ld. A.O denying the benefit of exemption of Long Term Capital Gain (In Short ‘LTCG) u/s 10(38) of the Act arising from sale of equity shares of listed company namely M/s Sunrise

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

4 appeals we find that the major common issue raised by the respective assessee(s) is against the finding of Ld. CIT(A) confirming the action of Ld. A.O denying the benefit of exemption of Long Term Capital Gain (In Short ‘LTCG) u/s 10(38) of the Act arising from sale of equity shares of listed company namely M/s Sunrise

NILIMA KOTHARI,INDORE vs. THE INCOME TAX OFFICER, NATIONAL FACELESS ASSTT. CENTRE, INDORE

In the result appeal of the assessee is allowed as per terms indicated above

Bench: Shri Manish Boradsmt. Neelima Kothari, Income Tax Officer, 601, N.R.K. Villas, Delhi Vs. 22/2 Manoramaganj, Indore (Appellant / Assessee) (Respondent/ Revenue) Pan: Adnpk7832J Assessee By Shri S.S. Deshpande, Ar Revenue By Shri Ashish Porwal, Sr.Dr Date Of Hearing 08.08.2024 Date Of Pronouncement 20.09.2024

Capital Gain from sale of equity shares of M/s. Goenka business & Finance Ltd. The case was processed u/s 143(1)(a) of the Act. Subsequently for carrying 4 Smt. Nilima Kothari out the reassessment proceedings the notice u/s 148 of the Act issued on 16.04.2021 in compliance the assesse filed the return on 07.12.2021. In view of the judgment

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

1). Case selected for scrutiny. Statutory notice u/s 143(2) of the Act duly served upon the assessee. While scrutinizing the details the learned Assessing Officer (In short `Ld.A.O’) observed that Short Term Capital Gain of Rs.41,29,512/- has been shown from purchase and sale of equity shares of IFCI Ltd. Contract note for purchase of shares, details

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

1). Case selected for scrutiny. Statutory notice u/s 143(2) of the Act duly served upon the assessee. While scrutinizing the details the learned Assessing Officer (In short `Ld.A.O’) observed that Short Term Capital Gain of Rs.41,29,512/- has been shown from purchase and sale of equity shares of IFCI Ltd. Contract note for purchase of shares, details

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

1). Case selected for scrutiny. Statutory notice u/s 143(2) of the Act duly served upon the assessee. While scrutinizing the details the learned Assessing Officer (In short `Ld.A.O’) observed that Short Term Capital Gain of Rs.41,29,512/- has been shown from purchase and sale of equity shares of IFCI Ltd. Contract note for purchase of shares, details