M/S NIKHIL ESTATE P LTD,INDORE vs. THE ACIT CENTRAL CIRCLE (3) INDORE, INDORE

In the result, appeal of assessee is allowed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanim/S. Nikhil Estate Pvt. Ltd. Acit (Central)-3 M-102, Mezzanine, Floor, Indore Dhan Trident, P. No.B-3 Pu- Vs. 4, Sch. No.54, Vijay Nagar Square, Indore (Appellant / Assessee) (Respondent/ Revenue) Pan: Aabcn 8056 D Assessee By Shri S.S. Solanki, Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 01.05.2023 Date Of Pronouncement 09.06.2023

disallowance made by the AO u/s 69 r.w.s 115BBE is unlawful. Further, the amended provisions of section 115BBE are applicable from 01.04.2017 and not from the date of search. 4.1.2 I have considered the entire matrix of the case, various case law cited by the appellant and also perused assessment order. It is undisputed fact that during the course

M/S SUPREMO INDIA LTD ,INDORE vs. THE AIT CENTRAL 3, INDORE

In the result, appeal of assessee is allowed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanim/S. Supremo India Pvt. Ltd. Acit Central-3 400/2, Halka Patwari No.52 Indore Vs. Badiakeema Dudhiya, B.O. Indore (Appellant / Assessee) (Respondent/ Revenue) Pan: Aafcs 9822 C Assessee By Shri S.S. Solanki, Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 01.05.2023 Date Of Pronouncement 07.06.2023

disallowance made by the AO u/s 69 r.w.s 115BBE is unlawful. Further, the amended provisions of section 115BBE are applicable from 01.04.2017 and not from the date of search. 4.1.2 I have considered the entire matrix of the case, various case law cited by the appellant and also perused assessment order. It is undisputed fact that during the course

ASHOK KUMAR MOONAT,RATLAM vs. ASSTT. COMMISSIONER OF INCOME TAX (CENTRAL-3), INDORE, INDORE

disallowing set-off of losses and deductions. The CIT(A) granted relief on losses and deductions but upheld the AO's view on excess stock.", "held": "The Tribunal held that the excess stock was an integral part of the business income and not an unexplained investment. The provisions of Section 69B were not applicable as the excess stock

RAMANLAL PIRODIA,RATLAM vs. ASSTT. COMMISSIONER OF INCOME TAX, CENTRAL-3, AAYKAR BHAWAN

69D r.w.s. 115BBE cannot\nbe applied to his case. The assessee's reply is re-produced by AO in Para 6\nof assessment-order. However, vide Paras 7 to 9 of assessment-order, the\nAO rejected assessee's submission and although the AO accepted the\nadditional income of Rs. 1,80,27,537/- as declared by assessee in return

LOVEKESH PATIL,BURHANPUR vs. CIT APPEALS, INDORE

Appeal is allowed for statistical purpose

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniassessment Year: 2015-16 Lovekesh Patil, Ito, House No. 204/1, Burhanpur बनाम/ Village - Turak Gurada, Vs. District – Burhanpur (Assessee/Appellant) (Revenue/Respondent) Pan: Dhnpp1752B Assessee By Assessee In Person Revenue By Shri K.Bala Murli Krishna, Sr. Dr Date Of Hearing 14.08.2024 Date Of Pronouncement 29.08.2024

section 68,69, 69A, 69B, 69C or 69D and assessee total income does not include any such income. 4. The addition of Rs. 2,40,920/- made by the AO on protective basis, which is not sustainable in the eyes of law, because in this case the AO himself stated in the assessment order that the assessee has explained cash

SHRI PREMDEEP RAJPUT,INDORE vs. THE CENTRAL CIRCLE UJJAIN, UJJAIN

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniassessment Year: 2018-19 Shri Premdeep Rajput, Acit, 47-B, Sector A, Central Circle, बनाम/ Industrial Estate, Ujjain Vs. Sanwer Road, Indore (Assessee / Appellant) (Revenue / Respondent) Pan: Abvpr8534N Assessee By Shri Sushil Jethani & Shri V.K. Bhandari, Adv. Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 01.06.2023 Date Of Pronouncement 25.08.2023

69D. The assessee also submitted that he has made surrender of income to buy peace of mind and avoid time-consuming litigation and faithfully offered the surrendered income in the return of income honoring his commitment; therefore the department must accept assessee’s disclosure and should not saddle him with punishment of higher tax liability at assessment stage. However, although

DCIT , CENTRAL -2 , INDORE vs. M/S GREAT GALLEON VENTURES LTD , INDORE

In the result, the appeals of the Revenue bearing ITANo

Bench: Shri Rajpal Yadav Hon'Ble & Shri Manish Borad

Section 65(B) of the Indian Evidence Act renders the document inadmissible in the eye of law. 25 If Deponents It will not be open - Mehta Parikh & Co. v. not examined, to the revenue to CIT [1956] 30 ITR 181 their Affidavits challenge the (SC) cannot be statements made disbelieved. by the deponent in their affidavits later

DCIT , CENTRAL -2 , INDORE vs. M/S GREAT GALLEON VENTURES LTD , INDORE

In the result, the appeals of the Revenue bearing ITANo

Bench: Shri Rajpal Yadav Hon'Ble & Shri Manish Borad

Section 65(B) of the Indian Evidence Act renders the document inadmissible in the eye of law. 25 If Deponents It will not be open - Mehta Parikh & Co. v. not examined, to the revenue to CIT [1956] 30 ITR 181 their Affidavits challenge the (SC) cannot be statements made disbelieved. by the deponent in their affidavits later