SARITA BAGDI ,INDORE vs. THE ITO WARD-4(1), INDORE

In the result appeal of the assessee is allowed

Bench: Hon’Ble Manish Borad & Hon’Ble Madhumita Royassessment Year 2011-12

disallowing the exemption claimed u/s 10(38) of the Act. Further, the sole ground of disallowance of such exemption claimed

PROF. RAJENDRA SINGH SHIKSHAN SAMITI,MANDSAUR vs. DCIT, CPC, BENGALURU AND ITO (EXEMPTION), UJJAIN, UJJAIN

In the result, the appeal filed by the assessee is allowed

Bench: Sh. Bhagirath Mal Biyani & Sh. Udayan Dasgupta

disallowance of exemption u/s. 10(23C)(iiiad) of the Income Tax Act, 1961 (‘the Act’) made by the Ld. CPC, Bengaluru

THE ACIT, CENTRAL-1, INDORE vs. M/S. ARIHANT CAPITAL MARKETS LTD., INDORE

In the result, the appeal of the revenue and cross objection of

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2013-14

disallowance of expenditure incurred for earning exempted income. The total disallowance made by the Assessing Officer u/s 14A of the Act ofRs

PRAKASH JAVIA HUF,INDORE vs. ITO 5(1), INDORE

Bench: Shri Manish Borad & Mis Madhumita Royassessment Year:2014-15 Shri Prakash Javia Huf, Ito-5(1) 40, Ashok Nagar Indore बनाम/ Behind Icici Bank Vs. Indore (Appellant) (Respondent ) P.A. No.Aahhp3362H Assessment Year:2014-15 Shri Jayesh Kumar Javia, Huf, Ito-1(2) 40, Ashok Nagar Indore बनाम/ Behind Icici Bank Vs. Indore (Appellant) (Respondent ) P.A. No.Aadhj5797C Assessment Year:2014-15 Shri Prakash Javia, Acit-4(1) 40, Ashok Nagar Indore बनाम/ Behind Icici Bank Vs. Indore (Appellant) (Respondent ) P.A. No.Abppp2848H

disallowance of claim of assessee of exempted LTCG based on information/statement gathered by investigation wing of the department, without any opportunity

PRAKASH JAVIA,INDORE vs. ACIT-4(1), INDORE

Bench: Shri Manish Borad & Mis Madhumita Royassessment Year:2014-15 Shri Prakash Javia Huf, Ito-5(1) 40, Ashok Nagar Indore बनाम/ Behind Icici Bank Vs. Indore (Appellant) (Respondent ) P.A. No.Aahhp3362H Assessment Year:2014-15 Shri Jayesh Kumar Javia, Huf, Ito-1(2) 40, Ashok Nagar Indore बनाम/ Behind Icici Bank Vs. Indore (Appellant) (Respondent ) P.A. No.Aadhj5797C Assessment Year:2014-15 Shri Prakash Javia, Acit-4(1) 40, Ashok Nagar Indore बनाम/ Behind Icici Bank Vs. Indore (Appellant) (Respondent ) P.A. No.Abppp2848H

disallowance of claim of assessee of exempted LTCG based on information/statement gathered by investigation wing of the department, without any opportunity

JAYESH KUMAR JAVIA HUF,INDORE vs. THE ITO 1(2) INDORE, INDORE

Bench: Shri Manish Borad & Mis Madhumita Royassessment Year:2014-15 Shri Prakash Javia Huf, Ito-5(1) 40, Ashok Nagar Indore बनाम/ Behind Icici Bank Vs. Indore (Appellant) (Respondent ) P.A. No.Aahhp3362H Assessment Year:2014-15 Shri Jayesh Kumar Javia, Huf, Ito-1(2) 40, Ashok Nagar Indore बनाम/ Behind Icici Bank Vs. Indore (Appellant) (Respondent ) P.A. No.Aadhj5797C Assessment Year:2014-15 Shri Prakash Javia, Acit-4(1) 40, Ashok Nagar Indore बनाम/ Behind Icici Bank Vs. Indore (Appellant) (Respondent ) P.A. No.Abppp2848H

disallowance of claim of assessee of exempted LTCG based on information/statement gathered by investigation wing of the department, without any opportunity

M/S. BHATIA GLOBAL TRADING LTD.,INDORE vs. THE DCIT 1(1), INDORE

In the result, appeal of assessee is partly allowed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanibhatia Global Trading Ltd. Dcit 1(1) Through Official Liquidator Indore Old Cia Building, 1St Floor Vs. Opp. G.P.O. Residency Area, Indore (Appellant / Assessee) (Respondent/ Revenue) Pan: Aaacb6751 C Assessee By None Revenue By Shri P.K. Mishra, Cit-Dr Date Of Hearing 10.05.2023 Date Of Pronouncement 26 .07.2023

exempt income disallowance u/s 14A cannot be made. It is also held that if the assessee has earned exempt income

M/S CALAMA SALES P LTD,INDORE vs. ITO 1(1) (3) , AHMEDABAD

In the result, these appeals of assessee are allowed

Bench: Ms. Suchitra Kamble & Shri B.M. Biyani(Conducted Through Virtual Court)

disallowance of a sum of Rs. 12,14,502/- made u/s 14A of the Income Tax Act, 1961, ignoring the fact that the entire investment is only in the shares of unlisted private limited associate companies from which no exempt

M/S CALAMA SALES P LTD,INDORE vs. DCIT CENTRAL 2(1), INDORE

In the result, these appeals of assessee are allowed

Bench: Ms. Suchitra Kamble & Shri B.M. Biyani(Conducted Through Virtual Court)

disallowance of a sum of Rs. 12,14,502/- made u/s 14A of the Income Tax Act, 1961, ignoring the fact that the entire investment is only in the shares of unlisted private limited associate companies from which no exempt

M/S RAJIV GANDHI PROUDYOGIK VISHWAVIDHALYA,HOSANGABAD vs. DCIT CPC, BENGALURU

In the result, the appeal of the assessee in I

Bench: Shri Kul Bharat & Shri Manish Boradआ.अ.सं /.I.T.A. No. 324 & 325/Ind/2018 "नधा"रणवष" / Assessment Years: 2014-15 & 2015-16 M/S. Rajiv Gandhi Proudyogiki Vs. Dcit, Vishwavidyalaya, Cpc, Bhopal Bangaluru

disallowing the claim of exemption u/s 10 of the I.T. Act, 1961 is illegal, void and without jurisdiction. 2. The appellant

M/S RAJIV GANDHI PROUDYOGIK VISHWAVIDHALYA,HOSANGABAD vs. DCIT CPC, BENGALURU

In the result, the appeal of the assessee in I

Bench: Shri Kul Bharat & Shri Manish Boradआ.अ.सं /.I.T.A. No. 324 & 325/Ind/2018 "नधा"रणवष" / Assessment Years: 2014-15 & 2015-16 M/S. Rajiv Gandhi Proudyogiki Vs. Dcit, Vishwavidyalaya, Cpc, Bhopal Bangaluru

disallowing the claim of exemption u/s 10 of the I.T. Act, 1961 is illegal, void and without jurisdiction. 2. The appellant

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

exemption u/s 54B had been claimed. The AO, however, disallowed exemption to assessee. Aggrieved, the assessee carried matter in first

SHRI GURVINDER SINGH BHATIA,INDORE vs. THE ADDL. CIT, RANGE-3, INDORE

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniassessment Year:2009-10 Gurvinder Singh Bhatia, Addl. Cit, 8/5, Bcc House, Range 3, बनाम/ Manormaganj, Indore. Vs. Indore. (Assessee / Appellant) (Revenue / Respondent) Pan: Abhpb 5245 N Assessee By Shri Harsh Vijaywargiya, Ca & Ld. Ar Revenue By Ms. Simran Bhullar, Cit Dr Date Of Hearing 19.12.2023 Date Of Pronouncement 21.12.2023

disallowing an amount of Rs. 8,38,389/- on account of expenses incurred for earning exempted income by applying provision

M/S. BARKATUIIAH VISHWAVIDYALAYA ,BHOPAL vs. DCIT (EXEMPTION), BHOPAL

In the result, this appeal of assessee is allowed for statistical purpose

Bench: Shri Mahavir Prasad & Shri B.M. Biyani

exemption u/s 10(23C)(iiiab) of the act. The case was selected for scrutiny and the statutory notices u/s 143(2) and 142(1) were issued from time to time which were duly complied with. The Ld. AO completed assessment u/s 143(3) by order dated 30.12.2016 at a total income of Rs. 35,14,48,991/-, after disallowing

SHRI NILESH JAIN HUF,INDORE vs. ITO 4(2), INDORE

In the result Ground No.2 of the assessee’s

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

disallowing the claim of exemption u/s 10(38) in respect of the long term capital gains of the appellant. That

PRITESH JAIN HUF,INDORE vs. ITO 4 (2), INDORE

In the result Ground No.2 of the assessee’s

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

disallowing the claim of exemption u/s 10(38) in respect of the long term capital gains of the appellant. That

M/S. MADHYA PRADESH CRICKET ASSOCIATION,INDORE vs. THE DCIT 1(1), INDORE

In the result, the appeal filed by the Assessee is dismissed and consequently the order of the Ld

Bench: Shri Chandra Mohan Garg & Shri O.P.Meenaassessment Year: 2012-13 Madhya Pradesh Cricket Dcit, 1(1), Association Indore बनाम/ Holkar Stadium, Vs. 7, Race Course Road, Indore (Appellant) (Revenue ) P.A. No.Aaatg3527C Appellant By Shri Anil Kamal Garg & Shri Arpit Gaur (Ar) Revenue By Shri Lal Chand (Cit-Dr) Date Of Hearing: 21.03.2017 Date Of Pronouncement: 14.06.2017

exemption u/s 11 of I.T. Act. 18. Hence disallowance of exemption claimed of Rs.15,82,55,168/- u/s 11 of I.T. Act is hereby

M/S KETI CONSTRUCTION LTD.,INDORE vs. THEACIT CENTRAL-2, INDORE, INDORE

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniassessment Year:2012-13 Keti Constructions Dcit (Central) Limited, Indore. बनाम/ 31/6,Vatsalya Chambers, Sneh Nagar Main Road, Vs. Indore (Assessee / Appellant) (Revenue / Respondent) Pan: Aaack6893Q Assessee By Shri Soumya Bumb, Ar Revenue By Ms. Simran Bhullar, Cit Dr Date Of Hearing 29.08.2023 Date Of Pronouncement 31.08.2023

exempt income, the disallowance u/s 14A must follow irrespective of whether or not there is exempt income during the year