THE ACIT, CENTRAL-1, INDORE vs. M/S. MANISH AGRO TECH PVT. LTD., INDORE

In the result grounds of revenue for A

Bench: Shri Chandra Mohan Garg & Shri Bhagirath Mal Biyani

disallowance of contrived losses on NMCE(Rs. 14,89,59,801/-) by overlooking the glaring evidences/findings of synchronized trades executed by the assessee with a cluster of brokers/counterparties on NMCE exchange which had resulted in excessive losses which were then set

THE ACIT ,CENTRAL-1, INDORE vs. M/S PRAKASH OILS LTD., DHAR

In the result, the above captioned appeals filed by the Revenue as well as the

Bench: Shri C.M. Garg & Shri Bhagirath Mal Biyani

disallowance of contrived losses on NMCE (Rs.9,33,62,482/-) by overlooking the glaring evidences/findings of synchronized trades executed by the assessee with a cluster of brokers/ counterparties on NMCE exchange which had resulted in excessive losses which were then set

THE ADDL. CIT RANGE -1, INDORE vs. M/S PRAKASH OILS LTD., DHAR

In the result, the above captioned appeals filed by the Revenue as well as the

Bench: Shri C.M. Garg & Shri Bhagirath Mal Biyani

disallowance of contrived losses on NMCE (Rs.9,33,62,482/-) by overlooking the glaring evidences/findings of synchronized trades executed by the assessee with a cluster of brokers/ counterparties on NMCE exchange which had resulted in excessive losses which were then set

THE ACIT,CENTRAL-1, INDORE vs. M/S PRAKASH OILS LTD., DHAR

In the result, the above captioned appeals filed by the Revenue as well as the

Bench: Shri C.M. Garg & Shri Bhagirath Mal Biyani

disallowance of contrived losses on NMCE (Rs.9,33,62,482/-) by overlooking the glaring evidences/findings of synchronized trades executed by the assessee with a cluster of brokers/ counterparties on NMCE exchange which had resulted in excessive losses which were then set

M/S PUMARTH PROPERTIES & HOLDING (P) LTD.,INDORE vs. THE DCIT (CENTRAL)-1, INDORE

In the result, the appeal of the Assessee is allowed

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

disallowed the set off of loss and taxed the same @ 30%. We, therefore, reverse the finding of Ld. CIT(A) and direct

SHRI SANJAY AGRAWAL , INDORE vs. ITO5(1), INDORE

In the result appeal of the assessee is partly allowed

Bench: Hon'Ble Kul Bharat & Hon'Ble Manish Boradassessment Year 2014-15 Shri Sanjay Agrawal, Income Tax Officer 5(1) 404-C Block, Yash Elite, Vs. Indore 8/5 Y.N. Road, Indore (Appellant) (Respondent ) Pan No.Aecpa6831M Revenue By Shri K.C. Selvamani, Sr.Dr Assessee By Shri S.S. Deshpande, Ca Date Of Hearing 20.03.2019 Date Of Pronouncement 25.03.2019

loss of Rs.13,86,223/- was carry forward. 10. Ld. A.O disallowed the claim of set off of loss firstly

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

set off current and brought forward loss. This claim of the assessee allowed by the Ld. A.O on the basis of his understanding of provisions of Income Tax Act and CBDT circulars issued on this issue and documents filed before him. However, Ld. A.O made disallowance

BADAUD SHRI VARDHMAN SHIKSHA ,BADAUD vs. THE ITO NFAC DELHI, NEW DELHI

Appeal is allowed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniassessment Year:2018-19 Badaud Shri Vardhaman Ito, बनाम/ Shiksha Samiti, Nfac, Badaud Delhi Vs. (Assessee / Appellant) (Revenue / Respondent) Pan: Aacab5370 Assessee By Shri Sharad Jain, Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 19.07.2023 Date Of Pronouncement 25.07.2023

disallowed depreciation of Rs. 4,94,672/-. But thereafter the assessee has ignored the entire loss of Rs. 6,28,061/- and not claimed effect thereof in any manner i.e. neither the assessee claimed set

ACIT-1(1), INDORE vs. FLEXITUFF VENTURES INTERNATIONAL LIMITED, DHAR

Appeal is dismissed

Bench: Us Assailing The Order Of First-

set off/carry forward of losses shall be determined. The AO was having just opposite view. The CIT(A) has passed following order accepting assessee’s claim: “5. Ground No 3 is raised against the disallowance

JAYANTILAL SANGHVI,INDORE vs. ACIT 4(1), INDORE

Appeal is partly allowed for statistical purpose

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniassessment Year: 2012-13 Jayantilal Sanghvi, Acit, 8/10, Warehouse Road, 4(1), बनाम/ Patel Bridge, Indore. Vs. Indore. (Assessee/Appellant) (Revenue/Respondent) Pan: Agtps5825Q Assessee By Shri Venus Rawka, C.A. Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 12.06.2024 Date Of Pronouncement .06.2024

disallowance of “artificial/bogus loss” alleged to have been claimed by assessee through the process of CCM. 3. Aggrieved, the assessee carried matter in first-appeal but did not get any success. The CIT(A) dismissed assessee’s appeal by passing following order: “On perusal of the above, it is seen that the Gr. No. 5 are of general in nature

SWAN PETRCHEMICALS PVT. LTD.,MUMBAI vs. NFAC DELHI, DELHI

In the result appeal of the assessee is dismissed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanim/S. Swan Petrochemicals Dcit (Central), Pvt.Ltd, Indore Unit No.308 Acme Plaza, Opp. Sangam Cinema, Vs. Andheri Kurlka, Maharashtra (Appellant / Assessee) (Respondent/ Revenue) Pan: Aabcr9592C Assessee By Shri Ajay Tulsiyan & Ms. Ruchira Singhal, Ars Revenue By Shri Ashish Porwal, Sr.Dr Date Of Hearing 22.05.2024 Date Of Pronouncement 16.07.2024 O R D E R

disallowance of the claim of set off of speculative loss against his business income before the show cause notice dated

ANDRITZ HYDRO P LTD,BHOPAL vs. PR CIT-1, BHOPAL

Bench: Shri Manish Borad & Ms. Madhumita Royvirtual Hearing

disallowed during AY 2014-15, the reversal of mark to market losses on forward contract which has been offered to tax by the Appellant during AY 2015-16 should also be reduced while computing the tax liability.” 3. The registry has informed that the present appeal is delayed by 68 days. Ld. Counsel for the assessee submitted that the delay

DEPUTY COMMISSIONER OF INCOME TAX-2 (1), INDORE, INDORE vs. M/S DTHRI HEALTH CARE PVT. LTD. (M.P), INDORE

In the result Ground No.2 of the revenue stands

Bench: Hon'Ble Kul Bharat & Hon'Ble Manish Boradassessment Year 2013-14 Dcit-2(1), M/S. Dthri Health Care Indore Vs. Pvt. Ltd (M.P), Pu-4, Scheme No.54, Near A.B. Road, Indore (Appellant) (Respondent ) Pan No.Aabcd4095N Revenue By Shri R.P. Mourya, Sr.Dr Assessee By S/Shri Sumit Neema, Sr.Adv & Gagan Tiwari, Adv Date Of Hearing 17.12.2018 Date Of Pronouncement 02.01.2019 O R D E R

disallowance of claim of set-off of loss of the year under consideration of Rs.1970923/ - against the unaccounted income admitted

ACIT (CENTRAL)-1 INDORE, INDORE vs. ESSENCE COMMODITIES (P) LTD., INDORE

In the result all the appeals of revenue for A

Bench: Shri Chandra Mohan Garg & Shri Bhagirath Mal Biyani

disallowance of contrived losses on NMCE (Rs.8,40,05,637/-) by overlooking the glaring evidences/ findings of synchronized trades executed by the assessee with a cluster of brokers/counterparties on MCE exchange which had resulted in excessive losses which were then set

ACIT,CENTRAL-1, INDORE vs. M/S ESSENCE COMMODITIES P LTD, INDORE

In the result all the appeals of revenue for A

Bench: Shri Chandra Mohan Garg & Shri Bhagirath Mal Biyani

disallowance of contrived losses on NMCE (Rs.8,40,05,637/-) by overlooking the glaring evidences/ findings of synchronized trades executed by the assessee with a cluster of brokers/counterparties on MCE exchange which had resulted in excessive losses which were then set

M/S KEVAL ( INDIA ) LTD,INDORE vs. DCIT-R-1 (1) , INDORE

In the result both the appeals of the assessee ITA No

Bench: Hon'Ble Kul Bharat & Hon'Ble Manish Borad

loss falling under the provisions of Section 43(5) of the Act and can be set off only against as speculative profit. Subsequently Ld. A.O initiated the penalty proceedings u/s 271(1)(c)of the Act on the disallowance

M/S KEVAL (INDIA) LTD,INDORE vs. DCIT-R 1(1) , INDORE

In the result both the appeals of the assessee ITA No

Bench: Hon'Ble Kul Bharat & Hon'Ble Manish Borad

loss falling under the provisions of Section 43(5) of the Act and can be set off only against as speculative profit. Subsequently Ld. A.O initiated the penalty proceedings u/s 271(1)(c)of the Act on the disallowance

PERFECT REALLNFRA ( INDIA) P LTD ,KHANDWA vs. ACIT , KHANDWA

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

Bench: Ms. Suchitra Kamble & Shri Bhagirath Mal Biyani

loss & brought forward depreciation should be taken into account by giving the set off of both these heads as per revised computation as per revised computation. ITA No.188/ Ind/ 2022 A.Y. 2014-15 Page 3 of 3 6. The Ld. DR submitted that the Assessing Officer has rightly made disallowance