VISHAL GIFT CENTRE - LLP,INDORE vs. ACIT CENTRAL CIRCLE - 1, INDORE

Appeal is allowed for statistical purposes

gain after the date of diversion\nshall be chargeable to tax during the year under consideration as arising\nfrom 'diverted/non-agricultural land', the exemption u/s 54B would not be\navailable to assessee against such portion because the section 54B grants\nexemption only against capital

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 is applicable where the capital gains arise from the transfer of capital asset and was being used

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

section 263 of the Act for examination of issue related to the Capital gain on sale of plot and deduction as claimed by the assessee u/s 54F without properly appreciating the facts of the case and submission made before him. The order as passed by the Ld. Pr. CIT requires to be quashed. 4. The assessee reserve its right

SHRI KAILASH BHAGWAN CHOUDHARY,INDORE vs. THE ITO 2(3), INDORE

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

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2011-12

54B. [Subject to the provisions of sub-section (2), where the capital gain arises] from the transfer of a capital

SHRI SUKHRAM MUKATI,INDORE vs. THE ITO WD-3(3), INDORE

In the result, the appeal of Shri Sukhram Mukati and

Bench: Shri C.M.Garg & Shri O.P.Meenaआ.अ.सं./I.T.A No.409&410/Ind/2014 "नधा"रण वष"/Assessment Year : 2008-09

section 54B which is applicable where the capital gains arise from the transfer of capital asset and was being used

SMT SHILPA DESAI ,INDORE vs. THE PR CIT -1, INDORE

In the result, the assessee’s appeal i

Bench: Shri Mahavir Prasad & Shri Manish Borad(Virtual Hearing) Assessment Year: 2015-16 Smt. Shilpa Desai, Indore Pan – Abzpd 4926 A … Appellant Vs. Pcit-I, Indore … Respondent

54B,54C,54D, 54G,54GA 4. An order u/s 143(3) of the Act was passed by the Ld. Assessing Officer on 20.12.2017 assessing the total Income of assessee at Rs. 3,86,93,910/- including the income under the head Long Term Capital Gain of Rs. 3,57,50,372/- and allowing deduction as claimed by the assessee

THE ITO-2(2), INDORE vs. SMT. MOHAN BAI POKHRANA, INDORE

In the result, appeal of the Revenue is dismissed

Bench: Shri C.M. Garg, Jm & Shri O.P.Meena, Am आ.अ.सं./ I.T.A. No.468/Ind/2013 "नधा"रण वष"/ Assessment Year: 2009-10

capital gain of Rs. 73.08 lacs which out of this Rs. 15.49 lacs is claimed deduction u/s. 54F and Rs. 50 lacs u/s. 54EC and Rs. 4,35,467/- u/s. 54B however, the claim u/s. 54B was made during the course of assessment proceedings the AO has disallowed the claim under section

JAI PRAKASH NARAYAN SHARMA,INDORE vs. ASSISTANT COMMISSIONER OF INCOME TAX-2(1), INDORE

Appeal is allowed for statistical purpose

gains arising from the transfer of a capital asset effected in\nthe previous year shall, save as\notherwise provided in sections\n54, 54B

SMT HAFIZ SHAIKH,DEWAS vs. THE ITO WARD-1, DEWAS

In the result, appeal of assessee is allowed for statistical purposes

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanihafiz Shaikh Ito Ward-1 32/2, Laxmi Park Moti Dewas Vs. Bunglow Dewas (Appellant / Assessee) (Respondent/ Revenue) Pan: Ajups6986 L Assessee By Ms. Richa Parwal, Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 25.05.2023 Date Of Pronouncement 29.05.2023

section 45 2. The assessee craves to add/alter any of the grounds of appeal on or before the date of hearing 2. The solitary issue arises in this appeal of the assessee is whether the ld. CIT(A) is justified in upholding denial of claim of deduction u/s 54B of the Act in respect of the capital gain

SHRI DINESH NIGAM,INDORE vs. INCOME TAX OFFICER 2 (3), INDORE, INDORE

In the result, the appeal of the assessee is partly

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

54B [(1)] [Subject to the provisions of sub-section (2), where the capital gain arises] from the transfer of a capital

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

Appeal is allowed

Section 54B on the sale of agricultural land, treating the gain as exempt. The AO reopened the assessment on finding that the lands were not used for agricultural purposes for two years prior to the transfer, thus not fulfilling the conditions for exemption. The AO treated the gains as capital

KESHAV KANUNGO,BHOPAL vs. ACIT2(1) BHOPAL, BHOPAL

Appeal is allowed in terms mentioned above

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniassessment Year: 2015-16 Keshav Kanungo, Acit, Flat No. A-603, Circle-2(1), Virasha Heights, Bhopal बनाम/ Near Danish Bridge, Vs. Bhopal (Appellant/Assessee) (Respondent/Revenue) Pan: Abvpk 2942 F Assessee By Ms. Nisha Lahoti, Ar Revenue By Shri Ashish Porwal, Sr Dr Date Of Hearing 12.02.2024 Date Of Pronouncement 26.02.2024

54B to 54GA’ and the AO issued statutory notices u/s 143(2)/142(1). During assessment-proceeding, the AO found that the assessee declared a taxable long-term capital gain on sale of an agricultural land made on 13.03.2015 at Rs. Nil after claiming exemption of Rs. 50,00,000/- u/s 54EC on account of investment in bonds

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

Capital Gain accrued to the assessee in the A.Y. 2011-12. The assessee offered the same in his return of income and claimed exemption under Section 54F & 54B

THE DCIT, (CENTRAL)-1, BHOPAL vs. SMT. SMITA PANDEY, BHOPAL

In the result the appeal of the revenue is dismissed

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year 2013-14 Deputy Commissioner Of Smt. Smita Pandey, Income Tax (Central)-I Vs. E-2/182, Arera Colony, Bhopal Bhopal (Appellant) (Respondent ) Pan No.Adlpp5384Q Revenue By Smt. Ashima Gupta, Cit Assessee By None Date Of Hearing 27.12.2018 Date Of Pronouncement 02.01.2019 O R D E R

54B of the Act. Now the question before us is that whether the agricultural land measuring 5.71 hectare located at Shivangaon, Amarawati is an agricultural land and is not falling under the head ‘capital assets’ as defined u/s 2(14) of the Act?. 8. We find that Ld. CIT(A) deleted the addition for Long Term Capital Gain

SHRI HUKUMCHAND CHOUDHARY ,INDORE vs. ITO (3),INDORE, INDORE

The appeal of the assessee is allowed

Bench: Ms. Suchitra Kamble & Shri Bhagirath Mal Biyani

Capital Gain accrued to the assessee in the A.Y. 2011-12. The assessee offered the same in his return of income and claimed exemption under Section 54F & 54B

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

section 50C. This value has not been disputed either by Ld. AO or by Ld. 17 Satyanarayan Sharma /ITANo.426/Ind/2018 Pr.CIT. 2 Less: Indexed Cost of 4,26,000 Acquisition (FY 1981-1982) Not disputed either by Ld. 3 Long Term Capital Gain 1,22,28,892 AO or by Ld. Pr.CIT. (LTCG) [3 = 1 - 2] 4 Deduction claimed u/s 54B

SHRI BHAWANI SHANKAR PARASHAR,INDORE vs. THE DCIT/ACIT 1 (2), INDORE

In the result, appeal of assessee is allowed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanishri Bhawani Shankar Pr. Cit-1 Prashar Indore 28, Lasudia Mori, Vijay Vs. Nagar, Indore (Appellant / Assessee) (Respondent/ Revenue) Pan: Bgbpp 2475 G Assessee By Shri S.N. Agrawal, Ar Revenue By Shri P.K. Mishra, Cit-Dr Date Of Hearing 02.05.2023 Date Of Pronouncement 21.06.2023

capital gain in one year only more so when the amount was actually received by the appellant in five years. 6. That on the facts and in the circumstances of the case and in law the Ld Assessing officer erred in not allowing proper deduction under section 548 and 54F of the Act on the basis of investment as made

THE ITO 2 (2), BHOPAL vs. SHRI MUNSHIRAM BALKISHAN VERMA, BHOPAL

Bench: Ms. Suchitra Kamble & Shri B.M. Biyani(Conducted Through Virtual Court)

section 54B. Ld. DR submitted that the AO has perfectly dealt with both of these aspects and thereafter taxed the capital-gain