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

Appeal is allowed for statistical purposes

section\n2(14)(iii) of the Act. Accordingly, the amount of capital gain accruing to\nthe assessee till the diversion of agricultural land on 25-11-2010 shall\nnot be eligible to tax. Further, for the purpose of computation of the\namount of capital gain that shall be exempt from tax, the assessee\nsubmitted that fair market value

SHRI KRISHNA MOHAN CHOURSIYA, RAJGARH vs. ITO, RAJGARH

In the result, the assessee’s appeal i

Bench: Hon’Ble Rajpal Yadav & Shri Manish Boradvirtual Hearing Assessment Year: 2014-15

section 2(14)(iii) of the Act. Accordingly, the amount of capital gain accruing to the assessee till the diversion of agricultural land on 25.11.2010 shall not be eligible to tax. Further, for the purpose of computation of the amount of capital gain that shall be exempt from tax, the assessee submitted that fair market value on the date

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

Section 54F(4) of the Act. On appeal, the CIT (Appeals) observed that the assessee has not deposited the net sale consideration in Capital Gain Scheme Account during the intermittent period of construction of residential house and he confirmed the order of the Assessing Officer and dismissed the assessee's appeal. Aggrieved by the assessee filed an appeal before

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

Appeal is allowed for statistical purpose

74,905\nLong-term capital gain\n1,25,25,095\n1,90,25,095\nLess: Exemption\n1,24,10,862\n99,48,000\nTaxable Capital Gain\n1,14,233\n90,77,095\n3.\nThus, there are two variations made by AO. Firstly, the assessee\ndeclared sale consideration at Rs.1,37,00,000/- equivalent to actual\namount received from buyer

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

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

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

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

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

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

section 2(14)(iii)(a) would qualify only the municipality and\ncantonment and not the expression 'area'.\nNo contrary judgment of the Hon'ble Apex Court was cited by the appellant.\nTherefore, in view of the aforesaid judgment of the Hon'ble Apex Court on\nthis issue, it has to be held that the capital gain earned by the assesses

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 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 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

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

THE ACIT, CENTRAL-2, INDORE vs. SHRI NITESH CHUGH, INDORE

In the result, the appeals of the Revenue for the A

Bench: Shri Rajpal Yadav Hon'Ble & Shri Manish Borad(Virtual Hearing)

capital gain from sale of units in ‘The View’ project and business income from sale of units in ‘Almas 12 Mohanlal Chugh & others Elements’ project in his original returns of income furnished u/s 139 of the Act. We further find that during the course of the assessment proceedings, the assessee had duly furnished all the necessary details, documents, bills, vouchers

THE ACIT, CENTRAL-2, INDORE vs. M/S. CHUGH REALTY, INDORE

In the result, the appeals of the Revenue for the A

Bench: Shri Rajpal Yadav Hon'Ble & Shri Manish Borad(Virtual Hearing)

capital gain from sale of units in ‘The View’ project and business income from sale of units in ‘Almas 12 Mohanlal Chugh & others Elements’ project in his original returns of income furnished u/s 139 of the Act. We further find that during the course of the assessment proceedings, the assessee had duly furnished all the necessary details, documents, bills, vouchers

THE ACIT, CENTRAL-2, INDORE vs. SHRI MOHANLAL CHUGH, INDORE

In the result, the appeals of the Revenue for the A

Bench: Shri Rajpal Yadav Hon'Ble & Shri Manish Borad(Virtual Hearing)

capital gain from sale of units in ‘The View’ project and business income from sale of units in ‘Almas 12 Mohanlal Chugh & others Elements’ project in his original returns of income furnished u/s 139 of the Act. We further find that during the course of the assessment proceedings, the assessee had duly furnished all the necessary details, documents, bills, vouchers

SHASHI PRABHA SINGHANIA,NEEMUCH vs. INCOME-TAX OFFICER NEEMUCH, NEEMUCH

Appeal of the assessee is allowed for statistical purpose

74,520/- after claiming deduction of Rs.1,82,066/- under Chapter VI-A.\n2.3 That the case was selected for complete scrutiny. Since the assessee had filed her return of Income for AY-2018-19, a notice u/s 143(2) of the I.T Act was issued to the assessee on 22.09.2019 for conducting the assessment proceedings. The assessee

DCIT (CENTRAL), BHOPAL vs. SHAILENDRA SHARMA, BHOPAL

In the result the appeals of the assessee for the Assessment

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

74 Bunglows, T.T. Nagar Bhopal on 1st July, 2015. In pursuant to the search and seizure action notices u/s 153A of the Income Tax Act 1961 were issued on 14.12.2015. In response to the notices issued under section 153A of the act the assessee filed his return of income for the Assessment Year