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

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

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

BHARTIYA AADARSH SHIKSHAN SAMITI,MANDSAUR vs. DCIT (EXEMPTION), BHOPAL, BHOPAL

Appeal is allowed for statistical purpose, subject\nto payment of cost of Rs

exemption u/s. 11 of the Act is liable to be quashed.\n1.2. On the facts and in the circumstances of the case and in law, the Ld. AO,\nCPC has erred in disallowance

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

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 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

SMT HAFIZ SHAIKH,DEWAS vs. THE ITO WARD-1, DEWAS

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

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanihafiz Shaikh Ito Ward-1 32/2, Laxmi Park Moti Dewas Vs. Bunglow Dewas (Appellant / Assessee) (Respondent/ Revenue) Pan: Ajups6986 L Assessee By Ms. Richa Parwal, Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 25.05.2023 Date Of Pronouncement 29.05.2023

disallowing exemption u's 54B of the Act claimed from the Long term Capital Gain arising from deeming provision u/s 45(3) of the Act: 1.1. By holding

SHRIRAM NANDA EDUCATION AND WELFARE SOCIETY,HOSHANGABAD ROAD, BHOPAL vs. ASSISTANT COMMISSIONER OF INCOME-TAX EXEMPTION CIRCLE BHOPAL, ARERA COLONY, BHOPAL

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

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanishriram Nanda Education & Acit, Welfare Society, Exemption Circle, Vs. Hoshangabad Road, Bhopal Bhopal (Appellant / Assessee) (Respondent/ Revenue) Pan: Aaajs1707L Assessee By Shri Arpit Gaur, Ar Revenue By Ms. Ila Parmar,Cit- Dr Date Of Hearing 02.07.2024 Date Of Pronouncement 03.07.2024 O R D E R

exemption only u/s 10(23C)(vi) of the Act but disallowed your claim of exemption u/s 11 and 12 of the Act by invoking

INFOBEANS TECHNOLOGIES LIMITED,INDORE, M.P. vs. THE PRINCIPAL COMMISSIONER OF INCOME-TAX, INDORE - 1, INDORE, M.P.

In the result, the appeal filed by the assessee is dismissed being devoid of

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

disallowance of expenses under section 14A of the Act even when the appellant has not incurred any expenditure for earning exempt

DXC TECHNOLOGY INDIA PVT LTD,INDORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 1(1), INDORE, INDORE

Appeal is allowed

disallowance out of same expense head\nas expenditure indirectly attributable to earning of exempt\nincome was not called for, more

AVAILABLE FINANCE LIMITED,INDORE vs. DCIT 1(1) , INDORE

In the result, the appeal of the assessee bearing ITA No

Bench: Sh. Bagirath Mal Biyani & Sh. Udayan Das Gupta

disallowance are called for in respect of investment made in unquoted / unlisted shares (of group concerns) and also in respect of investments which fetches taxable income. It was further explained that the assessee company is holding investment in form of equity shares of various I.T.A. No.478/Ind/2024 Assessment Year: 2017-18 3 companies, but has not earned any exempted

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

The appeal of the assessee is allowed

Bench: Shri B.M. Biyani & Shri Udayan Das Guptaassessment Year:2019-20 Prof. Rajendra Singh Dcit, Cpc Gangaluru Shikshan Samiti, Mandsaur बनाम/ Saraswati Shishu Mandir Vs. Keshav Nagar (Assessee/Appellant) (Revenue/Respondent) Pan: Aaeap0905C Assessee By Shri Apurva Mehta & Rajesh Mehta, Ars Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 20.01.2025 Date Of Pronouncement 31.01.2025

disallowance of income accumulated u/s. 11(2) of the Income Tax Act, 1961 ('the Act') made by the Ld. CPC, Bengaluru ('the Ld. AO') which is wrong and contrary to the facts of the case and provisions of the Act. Thus, exemption

SHRI JAN SEWA SANKALP SANSTHAN,SEHORE vs. EXEMPTION WARD, BHOPAL

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniassessment Year : 2016-17 Shri Jan Sewa Sankalp Assistant Director Of Sansthan, Income Tax, बनाम/ 16, Cpc, Opp. New Collector Office, Bangalore Vs. Sehore (Assessee / Appellant) (Revenue / Respondent) Pan: Aagas4432 B Assessee By Shri Moksha Solanki, Ca & Shri Soumya Bumb, Ca Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 12.10.2023 Date Of Pronouncement 25.10.2023

exemption of Rs. 29,62,361/- u/s 11/12 of Income-tax Act, 1961. The AO processed assessee’s return u/s 143(1) after making an addition/adjustment of Rs. 29,62,361/- by disallowing

DCIT-4(1), INDORE, INDORE vs. MARAL OVERSEAS LTD, KHARGONE

In the result appeal of Revenue is dismissed

Bench: Shri B.M. Biyani & Shri Paresh M Joshidcit-4(1), Indore Maral Overseas Ltd., बनाम/ Maral Sarovar, V& Po Vs. Khalbujurg, Kasrawad, Khargone, Bhopal

exemption u/s 10B was disallowed on the ground that 1 to exemption u/s 1,16,32 Para 3 Unit IV is mere