VIJAY RADHESHYAM NYATI HUF,DHAR vs. ITO, DHAR

In the result appeals of the assessee(s) namely Kumari

Bench: Hon'Ble Manish Borad & Hon'Ble Madhumita Royassessment Year:2014-15 Kumari Ayushi Nyati Ito, 5(5) 10, Balaji Vihar, 1-2, Maa Durg Indore बनाम/ Nagar, Navlakha Main Road 1 To Vs. 7, Indore (Appellant) (Revenue ) P.A. No.Ajppn2679C Assessment Year:2014-15 Smt. Vijaya Nyati, Ito, Dhar 5 Nyati House, Mandi Road बनाम/ Dhammod, Dist: Dhar M.P. Vs. (Appellant) (Revenue ) P.A. No.Aappn8302B Assessment Year:2014-15 Shri Vijay Kumar Radheshyam Ito, Dhar Nyati, Huf बनाम/ 5 Nyati House, Mandi Road Vs. Dhammod, Dist: Dhar M.P. (Appellant) (Revenue ) P.A. No.Aachv4415Q

disallowing Long Term Capital Gain on sale of shares of Rs. 35,99,598/- claimed exempt u/s 10(38) of the Act, 1961 and treating it as income from undisclosed sources. That on the facts and in the circumstances of the case, the Long Term Capital Gain of Rs. 35,99,598/- was rightly claimed as exempt

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

Term Capital Gain (In Short ‘LTCG’) from sales of shares of VIP Industries Ltd. There was an information received from Financial Investigation Unit, New Delhi and in reference to it DDIT (Investigation), Indore carried out investigation and observed that high off market transfer in the clients DP account of 6000 shares of VIP Industries Ltd has happened in the account

SMT VIJAYA NYATI, DHAR vs. ITO, DHAR

In the result appeals of the assessee(s) namely Kumari

Bench: Hon'Ble Manish Borad & Hon'Ble Madhumita Royassessment Year:2014-15 Kumari Ayushi Nyati Ito, 5(5) 10, Balaji Vihar, 1-2, Maa Durg Indore बनाम/ Nagar, Navlakha Main Road 1 To Vs. 7, Indore (Appellant) (Revenue ) P.A. No.Ajppn2679C Assessment Year:2014-15 Smt. Vijaya Nyati, Ito, Dhar 5 Nyati House, Mandi Road बनाम/ Dhammod, Dist: Dhar M.P. Vs. (Appellant) (Revenue ) P.A. No.Aappn8302B Assessment Year:2014-15 Shri Vijay Kumar Radheshyam Ito, Dhar Nyati, Huf बनाम/ 5 Nyati House, Mandi Road Vs. Dhammod, Dist: Dhar M.P. (Appellant) (Revenue ) P.A. No.Aachv4415Q

disallowing Long Term Capital Gain on sale of shares of Rs. 35,99,598/- claimed exempt u/s 10(38) of the Act, 1961 and treating it as income from undisclosed sources. That on the facts and in the circumstances of the case, the Long Term Capital Gain of Rs. 35,99,598/- was rightly claimed as exempt

MANISH KUMAR RADHESHYAM NYATI ,DHAR vs. ITO, DHAR

In the result appeals of the assessee(s) namely Kumari

Bench: Hon'Ble Manish Borad & Hon'Ble Madhumita Royassessment Year:2014-15 Kumari Ayushi Nyati Ito, 5(5) 10, Balaji Vihar, 1-2, Maa Durg Indore बनाम/ Nagar, Navlakha Main Road 1 To Vs. 7, Indore (Appellant) (Revenue ) P.A. No.Ajppn2679C Assessment Year:2014-15 Smt. Vijaya Nyati, Ito, Dhar 5 Nyati House, Mandi Road बनाम/ Dhammod, Dist: Dhar M.P. Vs. (Appellant) (Revenue ) P.A. No.Aappn8302B Assessment Year:2014-15 Shri Vijay Kumar Radheshyam Ito, Dhar Nyati, Huf बनाम/ 5 Nyati House, Mandi Road Vs. Dhammod, Dist: Dhar M.P. (Appellant) (Revenue ) P.A. No.Aachv4415Q

disallowing Long Term Capital Gain on sale of shares of Rs. 35,99,598/- claimed exempt u/s 10(38) of the Act, 1961 and treating it as income from undisclosed sources. That on the facts and in the circumstances of the case, the Long Term Capital Gain of Rs. 35,99,598/- was rightly claimed as exempt

KUMARI AYUSHI NYATI,INDORE vs. ITO-5(5), INDORE

In the result appeals of the assessee(s) namely Kumari

Bench: Hon'Ble Manish Borad & Hon'Ble Madhumita Royassessment Year:2014-15 Kumari Ayushi Nyati Ito, 5(5) 10, Balaji Vihar, 1-2, Maa Durg Indore बनाम/ Nagar, Navlakha Main Road 1 To Vs. 7, Indore (Appellant) (Revenue ) P.A. No.Ajppn2679C Assessment Year:2014-15 Smt. Vijaya Nyati, Ito, Dhar 5 Nyati House, Mandi Road बनाम/ Dhammod, Dist: Dhar M.P. Vs. (Appellant) (Revenue ) P.A. No.Aappn8302B Assessment Year:2014-15 Shri Vijay Kumar Radheshyam Ito, Dhar Nyati, Huf बनाम/ 5 Nyati House, Mandi Road Vs. Dhammod, Dist: Dhar M.P. (Appellant) (Revenue ) P.A. No.Aachv4415Q

disallowing Long Term Capital Gain on sale of shares of Rs. 35,99,598/- claimed exempt u/s 10(38) of the Act, 1961 and treating it as income from undisclosed sources. That on the facts and in the circumstances of the case, the Long Term Capital Gain of Rs. 35,99,598/- was rightly claimed as exempt

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 on the facts and in the circumstances of the case and in law, the claim of the appellant being proper and legal is prayed to be now allowed. 2.That on the facts and in the circumstances of the case

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 on the facts and in the circumstances of the case and in law, the claim of the appellant being proper and legal is prayed to be now allowed. 2.That on the facts and in the circumstances of the case

THE ACIT, CIRCLE 2(1), INDORE vs. DR. SHRI RAJEEV CHAUDHARY, INDORE

In the result, the appeal of the revenue is allowed and cross objection of the assessee is partly allowed

Bench: Hon'Ble I Kul Bharat & Hon'Ble Manish Boradassessment Year 2008-09 Pan : Abkpc5729K Assistant Commissioner Of V/S Dr.Rajeev Choudhary Income Tax, 1, Shiv Vilas Palace Circle-2(1), Indore Indore

short term expenses Rs, 4,60,567 (527267 X 87.351100) and long term expenses Rs. 66,700 (527267 X 12.65/100) out of the said expenses Rs. 5,27,267. The expenses incurred Rs. 66,700 for long term capital gain which is already disallowed

KANHAIYA LAL PANCHAL,RATLAM vs. BPL-W-(91)(95), RATLAM

In the result, the appeal of the assessee is allowed

Bench: Shri B.M. Biyani & Shri Paresh M. Joshiassessment Year:2024-25 Kanhaiya Lal Panchal, Bpl-W-(91)(95) 1, Jadwasa Kala, बनाम/ Ratlam Vs. (Assessee/Appellant) (Revenue/Respondent) Pan: Aqrpp0055D Assessee By Shri Kaide Kangsawala, Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 06.01.2026 Date Of Pronouncement 16.01.2026

disallowing the claim of rebate of Rs.13,320/- under section 87A of the Act in respect of tax on short term capital gain

THE DCIT1(1), INDORE vs. SHRI RAVI ARORA, INDORE

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniassessment Year:2011-12 Dcit-5(1), Shri Ravi Arora, Indore 1007, Khatiwala Tank, बनाम/ 236, Indraprasth Tower, 6, M.G. Road, Vs. Indore. (Revenue / Appellant) (Assessee / Respondent) Pan: Agdpa8921H Assessee By Shri Yash Kukreja, Ca & Shri Hitesh Chimnani, Adv & Ld. Ars Revenue By Shri P.K.Mishra, Cit Dr Date Of Hearing 04.05.2023 Date Of Pronouncement 31.07.2023

Short Term Capital Gain as Long Term Capital Gain and hence giving relief of Rs. 44,81,373/- without considering the fact that the company m/s. Eden Financial Services, from whom the shares were purchased off line and the registration of company i.e. No. INB 230660520 was cancelled by SEBI. (4) Whether on the facts and in the circumstances

SHRI OM PRAKASH PHATANDAS PANJWANI,INDORE vs. THE ACIT 1(2), INDORE

In the result Ground No. 1 to 6 of the assessee’s appeal are allowed

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2008-09

short term capital gain is bogus and actually Rs. 7,64,346/- is unexplained credit liable to be added to the income of the assessee. Alongwith other minor disallowances

SHRI MANOJ MUNDRA,INDORE vs. PCIT UJJAIN, UJJAIN

In the result all the appeals of the assessee(s) (i) Shri Aditya

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

short ‘SEBI’). The optimum enquiry which the Aditya Mundra &Others ITA No.632, 634,635 & 637, 517 & 750/Ind/2019 Ld. A.O could have conducted has been done in the instant case with regard to the transaction giving rise to Long Term Capital Gain. 39. We also observe that this transaction of dealing the shares M/s Kappac Pharma Ltd is not solitary

M/S. CHARITRA GOLD PVT. LTD.,RATLAM vs. THE PR. CIT, UJJAIN

In the result all the appeals of the assessee(s) (i) Shri Aditya

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

short ‘SEBI’). The optimum enquiry which the Aditya Mundra &Others ITA No.632, 634,635 & 637, 517 & 750/Ind/2019 Ld. A.O could have conducted has been done in the instant case with regard to the transaction giving rise to Long Term Capital Gain. 39. We also observe that this transaction of dealing the shares M/s Kappac Pharma Ltd is not solitary

SHRI MANISH MUNDRA,INDORE vs. PCIT UJJAIN, UJJAIN

In the result all the appeals of the assessee(s) (i) Shri Aditya

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

short ‘SEBI’). The optimum enquiry which the Aditya Mundra &Others ITA No.632, 634,635 & 637, 517 & 750/Ind/2019 Ld. A.O could have conducted has been done in the instant case with regard to the transaction giving rise to Long Term Capital Gain. 39. We also observe that this transaction of dealing the shares M/s Kappac Pharma Ltd is not solitary

SHRI ADITYA MUNDRA,DEWAS vs. PCIT UJJAIN, UJJAIN

In the result all the appeals of the assessee(s) (i) Shri Aditya

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

short ‘SEBI’). The optimum enquiry which the Aditya Mundra &Others ITA No.632, 634,635 & 637, 517 & 750/Ind/2019 Ld. A.O could have conducted has been done in the instant case with regard to the transaction giving rise to Long Term Capital Gain. 39. We also observe that this transaction of dealing the shares M/s Kappac Pharma Ltd is not solitary

SHRI GOVIND DAS MUNDRA,INDORE vs. PCIT UJJAIN, UJJAIN

In the result all the appeals of the assessee(s) (i) Shri Aditya

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

short ‘SEBI’). The optimum enquiry which the Aditya Mundra &Others ITA No.632, 634,635 & 637, 517 & 750/Ind/2019 Ld. A.O could have conducted has been done in the instant case with regard to the transaction giving rise to Long Term Capital Gain. 39. We also observe that this transaction of dealing the shares M/s Kappac Pharma Ltd is not solitary

DHIRENDRA INTERNATIONAL (P) LTD.,NEEMUCH vs. PR. CIT UJJAIN, UJJAIN

In the result all the appeals of the assessee(s) (i) Shri Aditya

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

short ‘SEBI’). The optimum enquiry which the Aditya Mundra &Others ITA No.632, 634,635 & 637, 517 & 750/Ind/2019 Ld. A.O could have conducted has been done in the instant case with regard to the transaction giving rise to Long Term Capital Gain. 39. We also observe that this transaction of dealing the shares M/s Kappac Pharma Ltd is not solitary

SHRI SUSHIL KUMAR BAFNA,UJJAIN vs. THE ITO 1(1), UJJAIN

In the result, the appeal of the assessee is partly allowed

Bench: Shri C.M.Garg & Shri O.P.Meenaआ.अ.सं./ I.T.A. No. 637/Ind/2014 "नधा"रण वष" /Assessment Year: 2010-11

short Shri Sushil Kumar Bafna, Ujjain v. ITO-1(1) /I.T.A. No. 637/Ind/2014/A.Y.:10-11 Page 2 of 24 ‘the Act’) by the Income Tax Officer 1 (1) Ujjain dated 25.03.2013. The assessee has taken following grounds of appeal:- 1. That the learned CIT(A) erred in holding the action of the AO of disallowing the claim of deduction made