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

Appeal is allowed for statistical purposes

81,630/- and agricultural\nincome of Rs.2,11,500/-. The case of assessee was selected for\nscrutiny under 'CASS' and the AO issued statutory notices u/s\n143(2)/142(1) which were complied by assessee. During scrutiny\nproceedings, the AO found that the assessee made two transactions of\nsale of land which have not been disclosed in the return. These

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

81,538/-, leaving net capital gain of Rs. 3,09,64,475/-. From such capital gain, the assessee claimed exemption u/s 54B of Rs. 3,09,64,475/- on the strength of investment in another agricultural land situated at Gram Bijukhedi, Indore purchased for Rs. 3,11,00,000/- on 26.08.2016. When the AO asked assessee to explain the exemption

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

81,373 should be taxed by the AO treating it as Short Term Capital Gain because the equity shares sold in these transactions were held for less than 12 months and therefore they were in the category of Short Term. I hereby direct accordingly to treat this as Short Term Capital Gain. In the result, this ground of appeal

HARPREET KAUR,BHOPAL vs. INCOME-TAX OFFICER, 5(2), BHOPAL, BHOPAL

Appeal is allowed in terms mentioned above

Section 132 in consequence of information in his possession regarding\nthis transfer of property. If it was not so and if there was material information\nwhich could lead to any other inference, it was on the Revenue to produce\nsuch evidence. In the absence of such evidence, it was submitted that the\nincome should be assessed as capital gains arising

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 on sale of land if fair market value determined by the DVO is taken into consideration. The said report was received subsequent to completion of the assessment order and therefore, it is a material which has come on record though subsequent to making assessment which can be a basis of invoking the provision of section

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)

81,367/- thereby offering only a sum of Rs.50,12,179/- as long-term capital gain. According to the Assessing Officer, the on-money of Rs.2,08,00,000/- received by the assessee is not a normal receipt on sale of capital asset and therefore, no claim under any section

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)

81,367/- thereby offering only a sum of Rs.50,12,179/- as long-term capital gain. According to the Assessing Officer, the on-money of Rs.2,08,00,000/- received by the assessee is not a normal receipt on sale of capital asset and therefore, no claim under any section

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)

81,367/- thereby offering only a sum of Rs.50,12,179/- as long-term capital gain. According to the Assessing Officer, the on-money of Rs.2,08,00,000/- received by the assessee is not a normal receipt on sale of capital asset and therefore, no claim under any section

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

Bench: Hon’Ble Madhumita Royassessment Year 2014-15

capital Shri Vrindavan Tayal ITA No.242/Ind/2019 & 245-247/Ind/2019 gain as claimed exempt under Section 10(38) of the Act:- S. No. Particulars Page No. 1. Copy of purchase note dt. 23.03.2012 issued by Vishal Vijay 68 Shah regarding purchase of 200 shares of M/s. Lifeline Drugs & Pharma Limited for Rs. 9,048/- 2. Copy of ledger account

GOVARDHAN TAYAL,SENDHWA vs. THE ITO SENDHWA, SENDHWA

Bench: Hon’Ble Madhumita Royassessment Year 2014-15

capital Shri Vrindavan Tayal ITA No.242/Ind/2019 & 245-247/Ind/2019 gain as claimed exempt under Section 10(38) of the Act:- S. No. Particulars Page No. 1. Copy of purchase note dt. 23.03.2012 issued by Vishal Vijay 68 Shah regarding purchase of 200 shares of M/s. Lifeline Drugs & Pharma Limited for Rs. 9,048/- 2. Copy of ledger account

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

Bench: Hon’Ble Madhumita Royassessment Year 2014-15

capital Shri Vrindavan Tayal ITA No.242/Ind/2019 & 245-247/Ind/2019 gain as claimed exempt under Section 10(38) of the Act:- S. No. Particulars Page No. 1. Copy of purchase note dt. 23.03.2012 issued by Vishal Vijay 68 Shah regarding purchase of 200 shares of M/s. Lifeline Drugs & Pharma Limited for Rs. 9,048/- 2. Copy of ledger account

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

Bench: Hon’Ble Madhumita Royassessment Year 2014-15

capital Shri Vrindavan Tayal ITA No.242/Ind/2019 & 245-247/Ind/2019 gain as claimed exempt under Section 10(38) of the Act:- S. No. Particulars Page No. 1. Copy of purchase note dt. 23.03.2012 issued by Vishal Vijay 68 Shah regarding purchase of 200 shares of M/s. Lifeline Drugs & Pharma Limited for Rs. 9,048/- 2. Copy of ledger account

INCOME TAX OFFICER, INDORE vs. RAJENDRA SINGH YADAV, INDORE

Appeal is dismissed being devoid of merit

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniassessment Year : 2015-16 Ito-1(2), Rajendra Singh Yadav, Indore 112/12, Nanda Nagar, बनाम/ Opp. Anoop Talkies, Vs. Indore (Revenue / Appellant) (Assessee / Respondent) Pan: Amkpy2261P Assessee By Shri Venus Rawka, Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 07.10.2024 Date Of Pronouncement 07.10.2024

81,538/-, leaving net capital gain of Rs. 3,09,64,475/-. From such capital gain, the assessee claimed exemption u/s 54B of Rs. 3,09,64,475/- on the strength of investment in another agricultural land situated at Gram Bijukhedi, Indore purchased for Rs. 3,11,00,000/- on 26.08.2016. When the AO asked assessee to explain the exemption

SEEMA JAIN,INDORE vs. ITO 1(1), INDORE

Appeal is allowed

Bench: Shri B.M. Biyani & Shri Paresh M. Joshiassessment Year: 2013-14 Seema Jain, Ito 1(1) 73-Ba, Scheme No.94, Indore Regency Adrise, Near बनाम/ Bombay Hospital, Vs. Vijay Nagar, Indore (Assessee/Appellant) (Revenue/Respondent) Pan: Adtpj4652K Assessee By Shri Anil Khandelwal, Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 16.07.2025 Date Of Pronouncement 17.07.2025

capital gain of Rs. 24,46,661/- after deduction of cost. The AO selected assessee’s return under scrutiny and issued notices u/s 143(2)/142(1) which were complied by assessee. Finally, the AO passed assessment-order dated 29.01.2016 u/s 143(3) determining total income at Rs. 46,42,012/-. The variation made by AO was on account

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

81,941/- and payments/expenses related to media, given at pages 42, 43, 43 back. 45 back and 46 amounting to Rs.1,29,45JMMM during the year relevant to the A.Y 2015 are treated as payments made by the assessee out of his undisclosed sources of income taxed in the A.Y 2015-16. Further, transactions mentioned on Page

SHRI LAV NARANG,UJJAIN vs. PCIT,, UJJAIN

Bench: Shri Mahavir Prasad & Shri Manish Boradvirtual Hearing Assessment Year: 2015-16

section 263 of the Act and issued following show cause notice to the assessee (relevant extract is reproduced below): “In this case, assessee filed return of income of the A.Y.2015-16 on 31.10.2015 declaring total income of Rs.49,15,730/-. The assessment was completed u/s 143(3) on 30.12.2017 by the AO Ujjain at the total income of Rs.80

SANTOSH RATHORE,INDORE vs. PRINCIPAL COMMISSIONER OF INCOME TAX, INDORE - 1, INDORE

Appeal is allowed

81-89; the same is scanned and re-produced below for an immediate reference:\nRajesh Heeralal Mehta & Co.\nChartered Accountants\n81\n24th January, 2022\nThe Prescribed Income Tax Authority,\nNational Faceless Assessment Centre\nDelhi\nName of the Assessee: SANTOSH KUMAR RATHORE\nPAN: AAVPR3907L\n Assessment Year: 2015-2016\nReference: Reassessment proceedings for the AY 2015-16\ninitiated vide Notice under

NARENDRA KUMAR AGRAWAL,BURHANPUR vs. PCIT INDORE-1, INDORE

In the result, appeal of the assessee is allowed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaninarendra Kumar Agrawal Pcit (1) 203, Ck Campus Aaykar Bhawan Bahadarpur Road Vs. Indore Burhanpur (Appellant / Assessee) (Respondent/ Revenue) Pan: Adapa0131B Assessee By Shri S.N. Agrawal & Pankaj Mogra, Ars Revenue By Shri Ram Kumar Yadav, Cit-Dr Date Of Hearing 20.08.2024 Date Of Pronouncement 29.08.2024

81,50,000/- and 1,24,70,353/- respectively. He earned Long Term Capital Gain (LTCG) of Rs. 1,19,57,593/-, 1,21,96,669/- and Rs. 1,15,79,071/- respectively thereon, totaling to Rs. 3,57,33,333/-. It is observed from the contract notes of Xpro Securities and other share broking firm that the assessee immediately

DEPUTY COMMISSIONER OF INCOME TAX-3 (1), INDORE vs. SHRI MUKESH AGRAWAL, INDORE

In the result, Revenue’s appeal in ITANo

Bench: Shri Mahavir Prasad & Shri Manish Boradvirtual Hearing Assessment Year 2005-06

81 Lakhs and Rs. 1,18,66,871/- without appreciating the fact that the assessee did not submit with cogent evidence to substantiate identity 3 Shri Mukesh Agrawal and the capacity of the creditors and genuineness of the transactions. 3.Whether on the facts and in the circumstances of the case, Ld. CIT (A) has erred in not considering the remand