GOPAL MUWEL,MANAWAR vs. INCOME TAX OFFICER, DHAR

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

Bench: Shri B.M. Biyani & Shri Paresh M Joshigopal Muwel, Ito बनाम/ Morad, Manawar, Dhar Vs. Dhar (Pan: Caapm6256Q) (Appellant) (Respondent) Assessee By Shri Lucky Singhal, Ar Revenue By Shri Ashish Porwal, Sr.Dr Date Of Hearing 27.01.2026 Date Of Pronouncement 06.02.2026 आदेश/ O R D E R

200/- claimed u/s 57 of the Act, although the grounds of appeal are drafted clumsily. The appellant on his own has declared income from contract works as business income and offered profit in terms of section 44AD of the Act for taxation. On the other hand, he has declared Page 7 of 19 Gopal Muwel ITA No. 554/Ind/2025 - A.Y.2020-21 income

BADAUD SHRI VARDHMAN SHIKSHA ,BADAUD vs. THE ITO NFAC DELHI, NEW DELHI

Appeal is allowed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniassessment Year:2018-19 Badaud Shri Vardhaman Ito, बनाम/ Shiksha Samiti, Nfac, Badaud Delhi Vs. (Assessee / Appellant) (Revenue / Respondent) Pan: Aacab5370 Assessee By Shri Sharad Jain, Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 19.07.2023 Date Of Pronouncement 25.07.2023

200% of Rs. 1,52,545/- = Rs. 3,05,090/- u/s 270A(8). 5. Aggrieved, the assessee filed first-appeal to CIT(A) but could not succeed. Now, the assessee has come in next appeal before us assailing the orders of lower-authorities. 6. Ld. AR for the assessee has filed a Paper-Book running over 119 which mainly includes

DCIT KHANDWA, KHANDWA vs. M/S RAJRAJESHWAR COTTON CORPORATION, SENDHWA

In the result, Revenue’s appeal as well as Assessee’s Cross-

Bench: Shri Siddhartha Nautiyal & Shri B.M. Biyani(Conducted Through Virtual Court) & C.O. No. 9/Ind/2020 Assessment Year: 2011-12 Dcit M/S Raj Rajeshwar Cotton Khandwa Corporation, बनाम/ Warla Road, Sendhwa, Vs. District - Khandwa (Appellant / Revenue) (Respondent / Assessee) Pan: Aagfr 6243 N Assessee By None Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 12.10.2022 Date Of Pronouncement 21.10.2022

200 had escaped assessment –Hence CTR 0380, (2006) 282ITR reopening was not valid 0409, (2006) 752 TAXMAN I0196 HIND SYNTEX LTD. vs. CIT, When the claim for depreciation was HIGH COURT OF MADHYA disclosed at various placed namely, PRADESH (2009) 77 CCH directors report audit report, balance 1080 MPHC(2011) 37 DTR sheet, statement of accounts, 0058, (2011) 239CTR accounting

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

200/- against the profits earned from SEZ units.” [emphasis supplied] i. Hon’ble Bombay High Court in the case of Reliance Communication Limited – [2016] 69 taxmann.com 103 – order pronounced on 12 Satyanarayan Sharma /ITANo.426/Ind/2018 28.03.2016 – HEAD NOTE – “Section 68, read with section 263, of the Income-tax Act, 1961 - Cash credits (FCCBs) - Assessee raised funds by way of FCCBs during

M/S. SHEETU EDUCATIONAL SERVICES P LTD.,INDORE vs. THE DCIT 5(1) RANGE-5, INDORE

In the result, all the appeals of the assessee for assessment year 2005-06 to 2010-11 are partly allowed as per our

Bench: Shri D.T. Garasia & Shri O.P. Meena

200 4 Lease Rent 1,000 5. Insurance Charges 10,242 6. Bank Charges 2,065 7. Filing Charges 600 8. Audit fees 4,000 9. Pre-operative exp 1,308 10. Rates & Taxes 22,993 11. Professional Tax 2,500 12 Telephone Exp - 13. Conveyance - 14. FBT Tax - Total Expenses 3,35,652 Net Profit/Loss before depreciation

M/S SHEETU EDUCATIONAL SERVICE PVT LTD.,INDORE vs. THE DCIT 5(1), INDORE

In the result, all the appeals of the assessee for assessment year 2005-06 to 2010-11 are partly allowed as per our

Bench: Shri D.T. Garasia & Shri O.P. Meena

200 4 Lease Rent 1,000 5. Insurance Charges 10,242 6. Bank Charges 2,065 7. Filing Charges 600 8. Audit fees 4,000 9. Pre-operative exp 1,308 10. Rates & Taxes 22,993 11. Professional Tax 2,500 12 Telephone Exp - 13. Conveyance - 14. FBT Tax - Total Expenses 3,35,652 Net Profit/Loss before depreciation

M/S. SHEETU EDUCATIONAL SERVICES P. LTD.,INDORE vs. THE DCIT 5(1), INDORE

In the result, all the appeals of the assessee for assessment year 2005-06 to 2010-11 are partly allowed as per our

Bench: Shri D.T. Garasia & Shri O.P. Meena

200 4 Lease Rent 1,000 5. Insurance Charges 10,242 6. Bank Charges 2,065 7. Filing Charges 600 8. Audit fees 4,000 9. Pre-operative exp 1,308 10. Rates & Taxes 22,993 11. Professional Tax 2,500 12 Telephone Exp - 13. Conveyance - 14. FBT Tax - Total Expenses 3,35,652 Net Profit/Loss before depreciation

M/S. SHEETU EDUCATIONAL SERVICES P. LTD.,INDORE vs. THE DCIT 5(1), INDORE

In the result, all the appeals of the assessee for assessment year 2005-06 to 2010-11 are partly allowed as per our

Bench: Shri D.T. Garasia & Shri O.P. Meena

200 4 Lease Rent 1,000 5. Insurance Charges 10,242 6. Bank Charges 2,065 7. Filing Charges 600 8. Audit fees 4,000 9. Pre-operative exp 1,308 10. Rates & Taxes 22,993 11. Professional Tax 2,500 12 Telephone Exp - 13. Conveyance - 14. FBT Tax - Total Expenses 3,35,652 Net Profit/Loss before depreciation

M/S SHEETU EDUCATIONAL SERVICE PVT LTD.,INDORE vs. THE DCIT 5(1), INDORE

In the result, all the appeals of the assessee for assessment year 2005-06 to 2010-11 are partly allowed as per our

Bench: Shri D.T. Garasia & Shri O.P. Meena

200 4 Lease Rent 1,000 5. Insurance Charges 10,242 6. Bank Charges 2,065 7. Filing Charges 600 8. Audit fees 4,000 9. Pre-operative exp 1,308 10. Rates & Taxes 22,993 11. Professional Tax 2,500 12 Telephone Exp - 13. Conveyance - 14. FBT Tax - Total Expenses 3,35,652 Net Profit/Loss before depreciation

SOM DISTILLERIES PVT. LTD.,BHOPAL vs. ITO-1(3), BHOPAL

Appeal is partly allowed for statistical

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

200 patients every month. The hospital also organizes regular camps for polio, eye checkup, cancer, etc. therefore, the employee are direct beneficiary of the services being provided by the said institution through its hospital. Considering, the free services provided by the said institution which are directly providing benefit to employees of the appellant, the donation made is allowable within

ASST. COMMISSIONER OF INCOME TAX (CENTRAL)-I, BHOPAL , BHOPAL vs. SOM DISTILLERIES PRIVATE LIMITED, BHOPAL

Appeal is partly allowed for statistical

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

200 patients every month. The hospital also organizes regular camps for polio, eye checkup, cancer, etc. therefore, the employee are direct beneficiary of the services being provided by the said institution through its hospital. Considering, the free services provided by the said institution which are directly providing benefit to employees of the appellant, the donation made is allowable within

M/S. FROLIC REALTY PRIVATE LIMITED,INDORE vs. THE ITO 3(3), INDORE

In the result, these three appeals of by different assessees in ITANo

Bench: Hon'Ble I Kul Bharat & Hon'Ble Manish Boradassessment Year: 2010-11 Avocado Trading Company Private Ito 3(3) Limited Indore बनाम/ G.J. Shah & Company, Chartered Vs. Accountants 404, Manas Bhawan, 11 Rnt Marg, Indore-452001 (Appellant) (Revenue) Pan: Aagca4206K Assessment Year: 2010-11 Aspirant Mercantile Company Private Ito 3(3) Limited Indore बनाम/ G.J. Shah & Company,Chartered Vs. Accountants 404, Manas Bhawan, 11 Rnt Marg, Indore-452001 (Appellant) (Revenue) Pan: Aagca4207J

Section 68 on the alleged ground that it is unexplained cash credit. 2. The Appellant prays that the said addition be deleted. GROUND 2: ADDITION OF TRADE ADVANCES AS UNEXPLAINED CREDIT 1.On the facts and in the circumstances of the case and in law, the CIT(A) erred in the upholding the action of the AO in making addition

M/S. AVOCADO TRADING COMPANY PRIVATE LIMITED,INDORE vs. THE ITO 3(3), INDORE

In the result, these three appeals of by different assessees in ITANo

Bench: Hon'Ble I Kul Bharat & Hon'Ble Manish Boradassessment Year: 2010-11 Avocado Trading Company Private Ito 3(3) Limited Indore बनाम/ G.J. Shah & Company, Chartered Vs. Accountants 404, Manas Bhawan, 11 Rnt Marg, Indore-452001 (Appellant) (Revenue) Pan: Aagca4206K Assessment Year: 2010-11 Aspirant Mercantile Company Private Ito 3(3) Limited Indore बनाम/ G.J. Shah & Company,Chartered Vs. Accountants 404, Manas Bhawan, 11 Rnt Marg, Indore-452001 (Appellant) (Revenue) Pan: Aagca4207J

Section 68 on the alleged ground that it is unexplained cash credit. 2. The Appellant prays that the said addition be deleted. GROUND 2: ADDITION OF TRADE ADVANCES AS UNEXPLAINED CREDIT 1.On the facts and in the circumstances of the case and in law, the CIT(A) erred in the upholding the action of the AO in making addition

M/S. ASPIRANT MERCANTILE COMPANY PRIVATE LIMITED,INDORE vs. THE ITO 3(3), INDORE

In the result, these three appeals of by different assessees in ITANo

Bench: Hon'Ble I Kul Bharat & Hon'Ble Manish Boradassessment Year: 2010-11 Avocado Trading Company Private Ito 3(3) Limited Indore बनाम/ G.J. Shah & Company, Chartered Vs. Accountants 404, Manas Bhawan, 11 Rnt Marg, Indore-452001 (Appellant) (Revenue) Pan: Aagca4206K Assessment Year: 2010-11 Aspirant Mercantile Company Private Ito 3(3) Limited Indore बनाम/ G.J. Shah & Company,Chartered Vs. Accountants 404, Manas Bhawan, 11 Rnt Marg, Indore-452001 (Appellant) (Revenue) Pan: Aagca4207J

Section 68 on the alleged ground that it is unexplained cash credit. 2. The Appellant prays that the said addition be deleted. GROUND 2: ADDITION OF TRADE ADVANCES AS UNEXPLAINED CREDIT 1.On the facts and in the circumstances of the case and in law, the CIT(A) erred in the upholding the action of the AO in making addition

THE ACIT-CENTRAL-2, INDORE vs. SHRI YOGESH KUMAR HOTWANI, MANDSAUR

In the result, the appeal of the assessee is partly allowed

Bench: Shri D.T. Garasia & Shri O.P. Meena

Section 153A, it was found that the assessee has offered Rs. 77,93,500/- as additional income in his return of income for the assessment year 2008-09 to 2012-13 as against undisclosed income of Rs. 3 crores admitted by Shri Shiv Kumar Hotwani on behalf of the assessee. It was explained to the AO vide letter dated

SHRI YOGESH HOTWANI,MANDSAUR vs. THE DCIT (CENTRAL), INDORE

In the result, the appeal of the assessee is partly allowed

Bench: Shri D.T. Garasia & Shri O.P. Meena

Section 153A, it was found that the assessee has offered Rs. 77,93,500/- as additional income in his return of income for the assessment year 2008-09 to 2012-13 as against undisclosed income of Rs. 3 crores admitted by Shri Shiv Kumar Hotwani on behalf of the assessee. It was explained to the AO vide letter dated

M/S. BHANDARI HOSPITAL AND RESEARCH CENTRE,INDORE vs. THE PR. CIT-1, INDORE

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2012-13 M/S Bhandari Hospital & Pr. Cit-(I) Research Centre, Gf-21 & Indore बनाम/ 22, Opp. Meghdoot Garden, Vs. Vijay Nagar, Indore (Appellant) (Revenue ) P.A. No.Aadfb8151A

depreciation is 15% and not 40% which is a prerequisite to send the matter back to the AO. Judicial precedents relied upon by the assessee to show that the order u/s 263 deserves to be quashed.: Reliance is placed on the following decisions (copies being filed):- a. Cadila Pharmacuticals ltd. v. PCIT (ITA no. 1190/Ahd/2015 (placed

INDUSTRIAL FILTERS & FABRICS PRIVATE LIMITED,INDORE vs. THE ACIT 5(1), INDORE

The appeal of the assessee is dismissed

Bench: Shri Kul Bharat & Shri Manish Borada.Y. 2009-10

depreciation in the value of the foreign currency is regarded either as profit or loss on trading/revenue account. On the other hand, if the foreign exchange liability arises in relation to acquisition of fixed asset, the corresponding gain or loss is regarded as of a capital nature. 2.3 Foreign exchange loss cannot be disallowed merely because the loss