M/S J.C.SHARMA & SONS,BHOPAL vs. PR CIT -1, BHOPAL

In the result, appeal of assessee is allowed

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

1) of the act. Continuing his submission, Ld. AR carried out attention to Para No. 4 of the assessment-order reproduced below: Page 2 of 4 J.C. Sharma & Sons Assessment Year 2016-17 “4. It is seen from the audited books that Rs.14,221/- has been debited as interest on TDS which is not a permitted expense and the same

M/S. FLEXITUFF INTERNATIONAL LTD.,DHAR vs. THE PR.CIT-1, INDORE

In the result appeal of the assessee is partly allowed

Bench: Hon'Ble Kul Bharat & Hon'Ble Manish Boradassessment Year 2012-13 M/S. Flexituff International Pr. Commissioner Of Ltd, Vs. Income Tax-1, C-41-50, Sez, Sector-3, Indore Pithampur, Dist. Dhar (Appellant) (Respondent ) Pan Aaacn5986H Revenue By Smt. Ashima Gupta, Cit Assessee By Shri Manjit Sachdeva & Avinash Gaur, Advocates Date Of Hearing 26.03.2019 Date Of Pronouncement 14.05.2019 O R D E R

221/- for A.Y. 2012-13 in place of Rs. 12,51,79,200/- which was actually allowable. B. It is further found that disallowance of Rs.15,82,154/- made under the head interest paid on income tax which was debited by the assessee in P&L A/c as finance cost. In view of section 115JB of Income

ACIT(CENTRAL)-1,, INDORE vs. SHRI RAJUL BHARGAVA, INDORE

The appeals of the Revenue are dismissed

Bench: Shri Mahavir Prasad & Shri Manish Borad

1) during the regular assessment proceedings but also that the entire material was already available with the erstwhile LD. AO and was also duly considered by him while passing the regular assessment order u/s 143(3) r.w.s. 153A.It is a settled legal proposition than when the LD. AO had applied his mind and passed the original assessment order and there

ACIT(CENTRAL)-1, INDORE, INDORE vs. SHRI RAUNAK MARU, INDORE

The appeals of the Revenue are dismissed

Bench: Shri Mahavir Prasad & Shri Manish Borad

1) during the regular assessment proceedings but also that the entire material was already available with the erstwhile LD. AO and was also duly considered by him while passing the regular assessment order u/s 143(3) r.w.s. 153A.It is a settled legal proposition than when the LD. AO had applied his mind and passed the original assessment order and there

SHRI PRASHANT AGRAWAL,BHOPAL vs. PR. CIT -I , BHOPAL

In the result, assessee’s appeal is allowed

Bench: Ms. Madhumita Roy & Shri Bhagirath Mal Biyani

disallowances which an assessee feels aggrieved with. 23. As far as absence of discussion in the assessment order is concerned, this is what has been laid down by this court in the case of Rayon Silk Mills v. CIT [1996] 221 ITR 155 :— "In the first instance it was contended by learned counsel for the assessee that the very premise

SMT ANUPAMA ASSWA,INDORE vs. THE PCIT-1, INDORE, INDORE

In the result, assessee’s appeal is allowed

Bench: Ms. Madhumita Roy, Judicial Memebr & Shri Bhagirath Mal Biyaniआयकर अपील सं. / I.T.A. No. 59/Ind/2022 ("नधा"रण वष" / Assessment Year : 2017-18) Smt. Anupama Asawa, Pcit-I, बनाम/ Indore Indore Vs.

disallowances which an assessee feels aggrieved with. 23. As far as absence of discussion in the assessment order is concerned, this is what has been laid down by this court in the case of Rayon Silk Mills v. CIT [1996] 221 ITR 155 :— "In the first instance it was contended by learned counsel for the assessee that the very premise

MOJILAL RAJPUT,SUJALPUR MANDI vs. THE ITO, SHAJAPUR

In the result, assessee’s appeal is allowed

Bench: Ms. Madhumita Roy & Shri Bhagirath Mal Biyani

disallowances which an assessee feels aggrieved with. 23. As far as absence of discussion in the assessment order is concerned, this is what has been laid down by this court in the case of Rayon Silk Mills v. CIT [1996] 221 ITR 155 :— "In the first instance it was contended by learned counsel for the assessee that the very premise

MOJILAL RAJPUT,SHUJALPUR MANDI vs. ITO, SHAJAPUR

In the result, assessee’s appeal is allowed

Bench: Ms. Madhumita Roy & Shri Bhagirath Mal Biyani

disallowances which an assessee feels aggrieved with. 23. As far as absence of discussion in the assessment order is concerned, this is what has been laid down by this court in the case of Rayon Silk Mills v. CIT [1996] 221 ITR 155 :— "In the first instance it was contended by learned counsel for the assessee that the very premise

M/S. YATHARTH INFRASTRUCTURES (P) LTD.,UJJAIN vs. PR. CIT, UJJAIN

In the result, assessee’s appeal is allowed

Bench: Ms. Madhumita Roy, Judicial Memebr & Shri Bhagirath Mal Biyani

disallowances which an assessee feels aggrieved with. 23. As far as absence of discussion in the assessment order is concerned, this is what has been laid down by this court in the case of Rayon Silk Mills v. CIT [1996] 221 ITR 155 :— "In the first instance it was contended by learned counsel for the assessee that the very premise

THE ACIT 4 (1), INDORE vs. M/S SINGNET INDUSTRIES LTD , INDORE

In the result ground no 2 of the appeal is allowed

Bench: Ms. Madhumita Roy & Shri Bhagirath Mal Biyani

221/- to the total income of the assessee, which was, in turn, deleted by the Ld. CIT(A). Hence, the instant appeal before us. 4. We have heard the rival submissions made by the respective parties and also perused the materials available on record. ITA No.357/Ind/2020 (ACIT vs. M/s. Singnet Industries Ltd.) A.Y.– 2017-18 - 4 - 5. Before the First

DIVINE INFRACREATION & TRADING (P) LTD.,MUMBAI vs. DCIT-5(1) INDORE, INDORE

Bench: Ms. Madhumita Roy & Shri Bhagirath Mal Biyani

disallowance of unsecured loan u/s 68 of the Income Tax Act, 1961 when as identity, creditworthiness of the loan providing companies and genuineness of transactions were not established by the assessee. ITA Nos. 730 & 656/Ind/2019 (M/s. Divine Infracreation & Trading Pvt. Ltd.) A.Y.– 2011-12 - 3 - 6. Whether on the facts and circumstances of the case

DCIT-5(1) INDORE, INDORE vs. DIVINE INFRACREATION & TRADING (P) LTD., MUMBAI

Bench: Ms. Madhumita Roy & Shri Bhagirath Mal Biyani

disallowance of unsecured loan u/s 68 of the Income Tax Act, 1961 when as identity, creditworthiness of the loan providing companies and genuineness of transactions were not established by the assessee. ITA Nos. 730 & 656/Ind/2019 (M/s. Divine Infracreation & Trading Pvt. Ltd.) A.Y.– 2011-12 - 3 - 6. Whether on the facts and circumstances of the case

ACIT CENTRAL-2 INDORE, INDORE vs. SHRI .GAURAV TEKRIWAL, INDORE

In the result, this appeal of Revenue is dismissed

Bench: Ms. Madhumita Roy & Shri B.M. Biyani(Conducted Through Virtual Court) Assessment Year: 2015-16 Acit, Central -2 Shri Gaurav Tekriwal Indore बनाम/ 204, Princess Valley, South Tukoganj, Indore Vs. (Appellant / Revenue) (Respondent / Revenue) Pan: Acppt 1628 Q Assessee By Shri Anil Kamal Garg, Arpit Gaur, Ars Revenue By Shri P.K. Mitra, Cit-Dr Date Of Hearing 21.09.2022 Date Of Pronouncement 21.11.2022

section 45(1), 48, 55(2) and 2(29B) of the Income-tax Act, 1961. Therefore, the Ld. AO was wrong in rejecting the claim of long-term capital gain and assessing the same as income from other sources. We do not find any infirmity in the order of Ld. CIT(A) who has, after mindful consideration, reversed the action

M/S OREF SECURITIES PRIVATE LTD. ,MANDSAUR vs. INCOME TAX OFFICER, INDORE

In the result, appeal of the assessee is allowed

Bench: Shri Manish Borad & Ms.Madhumita Royआयकर अपील सं./ Ita No.70/Ind/2018 "नधा"रण वष"/Asstt. Year: 2013-14 Vs. Ito, Mandsaur. M/S.Oref Securities P.Ltd. 69, Agrasen Nagar B/H. Mid India Mandsaur.

221 Taxman 151 Section 68: Cash credits -Share application money - No addition shall be made in the hands of the assessee where transaction related to the receipt of share application money are genuine and are fully recorded by the share applicants. 7 x) HONORABLE AHMEDABAD, IT AT TRIBUNAL (A) In The Case of ITO vs. APEX THERM PACKAGING

AABHUSHAN,DHAMNOD, MADHYA PRADESH vs. ITO DHAR, DHAR

In the result, appeal of the assessee is allowed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniaabhushan Dhamnod Ito, Dhar 1St Floor, Ganpati Market Ab Road Dhamnod Vs. Mp (Appellant / Assessee) (Respondent/ Revenue) Pan: Abgfa0812K Assessee By Shri Pranay Goyal & Shri S.N. Goyal, Ars Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 10.04.2024 Date Of Pronouncement 09.05.2024 O R D E R

221 ITR 239 (All). 22. The Rajasthan High Court in CIT Vs. Kewal Krishna and Partners [2009] 18 DTR 121 (Raj) has also taken similar view." 27. Section 68 requires the Assessing Officer to satisfy itself of the source of the credit and if during the course of enquiry undertaken, the entries are found to be not genuine then

GUNVEER SINGH CHHABRA ,INDORE vs. THE PR CIT -1, INDORE

In the result, assessee’s appeal is allowed

Bench: Ms. Madhumita Roy, Judicial Memebr & Shri Bhagirath Mal Biyani

disallowances which an assessee feels aggrieved with. 23. As far as absence of discussion in the assessment order is concerned, this is what has been laid down by this court in the case of Rayon Silk Mills v. CIT [1996] 221 ITR 155 :— "In the first instance it was contended by learned counsel for the assessee that the very premise

M/S BHOPAL DUGDH SANGH SAHAKARI MY.DAIRY PLANT, BHOPAL vs. DCIT -1 (1) ,BHOPAL, BHOPAL

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

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

221 ITR 317 as well as in the case of Gujrat Power Corporation Ltd. Vs. ITO reported at (2013) 354 ITR 201 (Guj), the Tribunal has allowed the appeal by deleting the addition of Rs. 1,25,44,938/- made by the AO. The Hon’ble Jurisdictional High Court affirmed the view taken by the Tribunal.” 12. From a careful

M/S. MANISH FILMS PVT. LTD.,INDORE vs. THE ITO 3(1), INDORE

In the result, the appeal filed by the assessee is

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2010-11

1) C/o Shri Jagdish Sharma Indore बनाम/ J-59, MIG Colony, Indore Vs. (Appellant) (Revenue ) P.A. No.AADCM7398D Appellant by Shri Ajay Tulsiyan & Shri Kapil Shah, A.Rs Respondent by Shri Rajib Jain, D.R. Date of Hearing: 27.11.2018 Date of Pronouncement: 10.01.2019 आदेश / O R D E R PER KUL BHARAT, J.M: This appeal by the assessee is directed against order