PRAYANK JAIN,INDORE vs. ACIT5(1), INDORE

Bench: Hon’Ble Manish Borad & Hon’Ble Madhumita Royassessment Year 2014-15

short the ‘Act’) dated 14.12.2016, Shivnarayan Sharma & Ors ITA Nos. 889/Ind/2018,474,206,60,987/Ind/2019 06.12.2016, 17.12.2018 and 21.12.2018 framed by ITO-4(2), Indore. 2. Assessee(s) has raised following grounds of appeal:- Shivnarayan Sharma ITA No.889/Ind/2018 A.Y 2014-15 That the order passed by learned CIT(A) is bad in law and on facts. The learned

MANISH GOVIND AGRAWAL HUF,INDORE vs. I T O 2(1), INDORE

Bench: Hon’Ble Manish Borad & Hon’Ble Madhumita Royassessment Year 2014-15

short the ‘Act’) dated 14.12.2016, Shivnarayan Sharma & Ors ITA Nos. 889/Ind/2018,474,206,60,987/Ind/2019 06.12.2016, 17.12.2018 and 21.12.2018 framed by ITO-4(2), Indore. 2. Assessee(s) has raised following grounds of appeal:- Shivnarayan Sharma ITA No.889/Ind/2018 A.Y 2014-15 That the order passed by learned CIT(A) is bad in law and on facts. The learned

SAPAN SHAH,INDORE vs. ACIT-4(I), INDORE

Bench: Hon’Ble Manish Borad & Hon’Ble Madhumita Royassessment Year 2014-15

short the ‘Act’) dated 14.12.2016, Shivnarayan Sharma & Ors ITA Nos. 889/Ind/2018,474,206,60,987/Ind/2019 06.12.2016, 17.12.2018 and 21.12.2018 framed by ITO-4(2), Indore. 2. Assessee(s) has raised following grounds of appeal:- Shivnarayan Sharma ITA No.889/Ind/2018 A.Y 2014-15 That the order passed by learned CIT(A) is bad in law and on facts. The learned

GOVIND HARINARAYAN AGRAWAL HUF,INDORE vs. I T O 2(1), INDORE

Bench: Hon’Ble Manish Borad & Hon’Ble Madhumita Royassessment Year 2014-15

short the ‘Act’) dated 14.12.2016, Shivnarayan Sharma & Ors ITA Nos. 889/Ind/2018,474,206,60,987/Ind/2019 06.12.2016, 17.12.2018 and 21.12.2018 framed by ITO-4(2), Indore. 2. Assessee(s) has raised following grounds of appeal:- Shivnarayan Sharma ITA No.889/Ind/2018 A.Y 2014-15 That the order passed by learned CIT(A) is bad in law and on facts. The learned

SMT. SHWETA AGRAWAL,INDORE vs. THE PR. CIT-2, INDORE

In the result, appeal filed by the assessee is allowed

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year:2014-15

short ‘Ld. Pr. CIT’)-2, Indore dated 10.01.2019 pertaining to assessment year 2014-15. The assessee has raised following grounds of appeal: “1. That on the facts and in the circumstances of the case and in law, the Ld. Pr. CIT erred in setting aside the order as passed Smt. Shweta Agrawal /ITANo.280/Ind/2019 by the assessing officer under section

M/S MALVIKA AGROTECH PVT. LTD.,DHAR vs. THE ITO-2(2), INDORE

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

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2009-10 M/S Malvika Agrotech Ito, 2(2), Pvt. Ltd, Indore Plot No.185, Sector-1, Pithampur, Dhar (Appellant) (Respondent ) Pan No.Aaccm6451G Revenue By Shri P.K. Mitra, Sr. Dr Assessee By Shri C.P. Rawka,Ca Date Of Hearing 10.09.2018 Date Of 19.9.2018 Pronouncement

Short Term capital gain u/s 50C as Rs.78,04,301/- discussed above Rs. 2,00,000/- Addition on a/c of low GP Rs. 20,09,500/- Addition on u/s 68 as discussed above Total income assessed Rs.1,38,78,807/- Less: Unabsorbed business loses of earlier years Rs.3319385/- Unabsorbed depreciation

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)

short term capital gain of Rs.1,20,21,991/- on deemed sales consideration of Rs.6,55,18,000/- u/s 50C which works out to 18.34%. Further, the assessee and co-owner have not claimed any other administrations expenses, financial expenses or depreciation

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)

short term capital gain of Rs.1,20,21,991/- on deemed sales consideration of Rs.6,55,18,000/- u/s 50C which works out to 18.34%. Further, the assessee and co-owner have not claimed any other administrations expenses, financial expenses or depreciation

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)

short term capital gain of Rs.1,20,21,991/- on deemed sales consideration of Rs.6,55,18,000/- u/s 50C which works out to 18.34%. Further, the assessee and co-owner have not claimed any other administrations expenses, financial expenses or depreciation

SHRI DR. LIYAKAT ALI KAPADIYA,UJJAIN vs. ASSISTANT COMMISSIONER OF INCOME TAX 2 (1), UJJAIN

The appeal of the assessee is allowed for statistical

Bench: Shri Kul Bharat & Shri Manish Borada.Y. 2013-14

term 'full value of the consideration received or accruing as a result of transfer of the capital asset used in section 48 for the purpose of computing the capital gains arising from the transfer of capital asset being land or building or both. The deeming fiction created in section 5OC thus operates in a specific field which is different from

DEPUTY COMMISSIONER OF INCOME TAX - 3(1), INDORE vs. SHRI RAJEEV AJMERA, INDORE

In the result, the appeal of Revenue is partly allowed for statistical purposes

Bench: Ms.Suchitra Kamble & Shrib.M. Biyani(Conducted Through Virtual Court) Assessment Year: 2010-11 Dcit-3(1) Shri Rajeev Ajmera, Indore बनाम/ Indore Vs. (Appellant / Assessee) (Respondent / Revenue) Pan: Abgpa4930L Co No.23/Ind/2018 (Arising Out Of Ita No.51/Ind/2018) Assessment Year: 2010-11 Shri Rajeev Ajmera, Dcit-3(1) Indore Indore बनाम/ Vs. (Appellant / Assessee) (Respondent / Revenue) Pan: Abgpa4930L Assessee By Shri Mahendra Mittal, Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 23.08.2022 Date Of Pronouncement 31.08.2022 आदेश/ O R D E R

short-term capital gain and computed taxable income on the basis of section 50C. When the Ld. AO confronted the assessee in this regard, the assessee made following submission: “The assessee is in property broker ship business since long and he also doing purchase/sale of immovable properties. The assessee has done similar type of transaction during the assessment year

M/S. SHREE VIGNESH WAREHOUSE AND DISTRIBUTORS PVT. LTD.,BHOPAL vs. THE DY CIT CPC, BENGALURU

In the result, this appeal of assessee is allowed

Bench: Shri Chandra Mohan Garg & Shri B.M. Biyaniassessment Year: 2015-16 Shri Vighnesh Warehouse Dcit, Cpc & Distributors Private Bangaluru बनाम/ Limited Vs. (Appellant/Assessee) (Respondent/ Revenue)

depreciation and capital gain as per section 50 read with section 32 of Income-tax Act, 1961 is given, according to which the cost of the block of asset comprising of the impugned building was Rs. 58,03,857/- against the sale price of Rs. 71,00,000/- and the resultant short-term

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

short ‘Ld. Pr. CIT)-I, Indore dated 26.03.2018 pertaining to assessment year 2013-14. The assessee has raised following grounds of appeal: Satyanarayan Sharma /ITANo.426/Ind/2018 “1. In the facts and in the circumstances of the case, Ld. Pr. CIT- I, Indore erred in invoking the provision of section 263 of the Act and passing the order therein by holding that

JAYA JUNEJA,INDORE vs. INCOME TAX OFFICER WARD 1(4), INDORE

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

Bench: Shri Siddhartha Nautiyal & Shri Bhagirath Mal Biyani

short “NFAC”), Delhi vide order dated 17.09.2024 passed for A.Y. 2015-16. 2. The Assessee has raised the following grounds of appeal: “1. That, the learned CIT(A) grossly erred, both on facts and in law, in passing the ex-parte order without giving proper and effective opportunity of being heard to the appellant inasmuch none of the notices claimed

SRK DEV BUILD PVT LTD.,INDORE vs. DCIT/ACIT 5(1), INDORE

Appeal is allowed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniassessment Year: 2016-17 Srk Dev Build Pvt. Ltd, Dcit/Acit-5(1) 18/2, Lasudia Mori, Indore बनाम/ A.B. Road, Vs. Indore (Assessee/Appellant) (Revenue/Respondent) Pan: Aaqcs3387P Assessee By Shri Pranay Goyal & S.N. Goyal, Cas Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 15.04.2024 Date Of Pronouncement 20.06.2024

short term capital gains in shares with each script, period of holding etc. The transactions were through electronics system and assessee is also having a Demat account with margin penal. The contention of the assessee was that shares were purchased as an investment and also accounted for in the books of investment, but the same were treated as stock

ASIAN BUSINESS CONECTION PVT. LTD.,BHOPAL vs. DCIT - 1(1) , BHOPAL

Bench: Hon'Ble Kul Bharat & Hon'Ble Manish Boradassessment Year 2015-16 M/S. Asian Business Dcit-1(1), Connections Private Ltd, Vs. Bhopal Fm-18, Man Sarovar Complex, 7No. Stop, Shivaji Nagar, Bhopal (Appellant) (Respondent ) Pan No.Aaica1206D

capital but it extends to the entire 43 Asian Business Connection Private Limited accumulated profits. 'Accumulated profits' means profits in a commercial sense. The expression includes tax-free profits like agricultural Income, general reserve, development rebate reserve, credit balance and initial depreciation but not normal depreciation nor provision for taxation and dividends. 25. On a bare perusal of section

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

SIGMA CHEMTRADE PRIVATE LIMITED,INDORE vs. ITO-5(1), INDORE, INDORE

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

Depreciation as Admisie 1686369 Business Income 12902563 Income from Capital Gain Yr. Set Off of Unabsorbed Capital Loss Astt. Long Term Earlier Assessed Capital Loss Or Short