RNG CONSTRUCTION CO,MANDIDEEP vs. ADDL.,JT.,DY.,ASSTT.ITO, BHOPAL

Bench: Shri B.M. Biyani & Shri Paresh M. Joshi

2,63,603/- Total under assessment is to the tune of Rs.43,91,603/-. The case is covered Under Section 147. Notice Under Section 148 is issued." The assesse objected to the said reopening of the assessment. However, an order of re-assessment was passed on 24th September 1990 determining the total income at Rs.23,56,523/-, whereby

M/S. INDORE PARASPAR SAHAKARI BANK LTD.,INDORE vs. ACIT-I(I), INDORE

In the result this common issue is decided in favour of the assessee and the relevant grounds raised in Assessment Year 2008-09 to Assessment Year 2012-13 in I

Bench: Hon'Ble Kul Bharat & Hon'Ble Manish Borad

2. The Ld. CIT(A) has erred in upholding the addition of Rs.16,36,000/- being the amount of depreciation claimed as per the RBI guidelines. 3. The Ld. CIT(A) erred in not following the judgments cited before him for allowance of depreciation. The claim of depreciation on investment of fluid asset may please be allowed. 4. Brief facts

M/S INDORE PARASPAR SAHKARI BANK LTD. ,INDORE vs. INCOME TAX OFFICER -2 (5) , INDORE

In the result this common issue is decided in favour of the assessee and the relevant grounds raised in Assessment Year 2008-09 to Assessment Year 2012-13 in I

Bench: Hon'Ble Kul Bharat & Hon'Ble Manish Borad

2. The Ld. CIT(A) has erred in upholding the addition of Rs.16,36,000/- being the amount of depreciation claimed as per the RBI guidelines. 3. The Ld. CIT(A) erred in not following the judgments cited before him for allowance of depreciation. The claim of depreciation on investment of fluid asset may please be allowed. 4. Brief facts

M/S BANSAL EXTRACTION & EXPORT P LTD,BHOPAL vs. DCIT,CENTRAL-1, BHOPAL

In the result, the appeal of assessee is dismissed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanim/S. Bansal Extraction & Dcit Export Pvt. Ltd. Central-1 3Rd Floor Tawa Complex, Bittan Bhopal Vs. Market E-4, Arera Colony, Bhopal (Appellant / Assessee) (Revenue) Pan: Aadcb 7521 M Assessee By Shri Anil Khabya, Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 05.09.2023 Date Of Pronouncement 20.09.2023

depreciation on extra cost of construction added by him as per report of VO(P&M) is not allowable to assessee under the provisions of Act as addition on account of undisclosed investment has been made u/s 69B of the Act.” 2. The Only grievance of the assessee in the present appeal is regarding the assessed income taken