ACIT RANGE 1(1), BHOPAL vs. AISECT LTD. , BHOPAL

Bench: Hon’Ble Manish Borad & Hon’Ble Madhumita Roy

disallowance of purchase is purely based on a statement given during the course of survey u/s 133A of the Act. Written

AISECT LTD. ,BHOPAL vs. ACIT RANGE 1(1), BHOPAL

Bench: Hon’Ble Manish Borad & Hon’Ble Madhumita Roy

disallowance of purchase is purely based on a statement given during the course of survey u/s 133A of the Act. Written

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

133A is treated as deemed income u/s 69B/69A of the I.T.Act, 1961 and to be taxed as per provisions of secretion 115BBE of the I.T.Act, 1961. Penalty proceeding u/s 271AAC is also initiated separately. 6. The AO has applied the provision of section 69B of the Act for want of any supporting evidence regarding source of excess stock and nature

THE ACIT (CENTRAL)-I, BHOPAL vs. M/S. D.K. CONSTRUCTION, BHOPAL

Appeal is allowed

Bench: Ms. Suchitra R. Kamble & Shri Bhagirath Mal Biyani

disallowance. 13. Per contra, the Ld. AR initially drew our attention to certain facts with reference to the documents placed in the Paper-Book. He carried us to Page No. 40 to 43 of the Paper-Book where a layout plan of 180 units dated 02.11.2006 approved by local-authority is placed. Then, he carried us to Page

M/S. D.K. CONSTRUCTION,BHOPAL vs. THE ACIT, 2(1), BHOPAL

Appeal is allowed

Bench: Ms. Suchitra R. Kamble & Shri Bhagirath Mal Biyani

disallowance. 13. Per contra, the Ld. AR initially drew our attention to certain facts with reference to the documents placed in the Paper-Book. He carried us to Page No. 40 to 43 of the Paper-Book where a layout plan of 180 units dated 02.11.2006 approved by local-authority is placed. Then, he carried us to Page

THE ACIT (CENTRAL)-I, BHOPAL vs. M/S. D.K. CONSTRUCTION, BHOPAL

Appeal is allowed

Bench: Ms. Suchitra R. Kamble & Shri Bhagirath Mal Biyani

disallowance. 13. Per contra, the Ld. AR initially drew our attention to certain facts with reference to the documents placed in the Paper-Book. He carried us to Page No. 40 to 43 of the Paper-Book where a layout plan of 180 units dated 02.11.2006 approved by local-authority is placed. Then, he carried us to Page

THE ACIT (CENTRAL)-I, BHOPAL vs. M/S. D.K. CONSTRUCTION, BHOPAL

Appeal is allowed

Bench: Ms. Suchitra R. Kamble & Shri Bhagirath Mal Biyani

disallowance. 13. Per contra, the Ld. AR initially drew our attention to certain facts with reference to the documents placed in the Paper-Book. He carried us to Page No. 40 to 43 of the Paper-Book where a layout plan of 180 units dated 02.11.2006 approved by local-authority is placed. Then, he carried us to Page

THE ACIT (CENTRAL)-I, BHOPAL vs. M/S. D.K. CONSTRUCTION, BHOPAL

Appeal is allowed

Bench: Ms. Suchitra R. Kamble & Shri Bhagirath Mal Biyani

disallowance. 13. Per contra, the Ld. AR initially drew our attention to certain facts with reference to the documents placed in the Paper-Book. He carried us to Page No. 40 to 43 of the Paper-Book where a layout plan of 180 units dated 02.11.2006 approved by local-authority is placed. Then, he carried us to Page

DECENT INDUSTRIES P. LTD.,BHOPAL vs. ITO-1(2), BHOPAL

Appeal is partly allowed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyani(Virtual Hearing) Assessment Year: 2012-13 M/S Decent Industries Ito-1(2), Private Ltd, Bhopal 5Th Floor, Corporate Park, बनाम/ Db City Area Hills, Vs. Opp. M.P. Nagar Zone I, Bhopal (Assessee/Appellant) (Revenue/Respondent) Pan: Aaeca6271G Assessee By Ms. Shilpa Gupta & Shri N.K. Gupta Revenue By Shri V.K. Singh, Cit-Dr Date Of Hearing 04.06.2024 Date Of Pronouncement 20.08.2024

survey action u/s 133A carried out in the case of one ‘Shri Anand Sharma, Kolkata’ (entry operator) on 02.07.2013 pursuant to which the statements of Shri Anand Sharma were recorded on 02.07.2013/06.02.2014. The AO observed that Shri Anand Page 2 of 44 M/s Decent Industries Pvt. Ltd ITA No. 356/Ind/2023 – AY 2012-13 Sharma was engaged in providing accommodation

RAJKUMAR GOYAL,INDORE vs. THE PR. CIT-2, INDORE

In the result, appeal of the assesse is dismissed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniraj Kumar Goyal Pr. Cit-2 42, Narmda Marg Barwaha Indore Vs. Khargone (Appellant / Assessee) (Revenue) Pan: Ackpg 1896N Assessee By Shri Ram Gilda, Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 27.09.2023 Date Of Pronouncement 20.11.2023

disallowed and the same should have been added back to your income. Further, A survey action u/s 133A of the IT. Act was conducted

M/S. SURESH ALUMINIUM,BHOPAL vs. ACIT, CENTRAL CIRCLE-1, BHOPAL

In the result Ground No.1 & 2 raised by the

Bench: Shri Manish Boradm/S Suresh Aluminium, Acit Central Circle-1, 10, Jyoti Shoping Compex, Bhopal Zone-I, Vs. Mp Nagar, Bhopal (Appellant / Assessee) (Respondent/ Revenue) Pan: Abefs0206M Assessee By S/Shri Yash Kukreja & H. Chimnani, Ars Revenue By Shri Ashish Porwal, Sr.Dr Date Of Hearing 06.08.2024 Date Of Pronouncement 09.08.2024 O R D E R

133A of the Act carried out on 27.02.2019 at the business premises of the firm and during the course of survey operation physical stock was taken by the survey team and the assessee surrendered excess stock amounting to Rs.52,25,297/-. Thereafter the assessee filed return of income on 11.09.2019 declaring income of Rs.33,90,310/-. Case selected for compulsory

THE ACIT, CENTRAL-2, INDORE vs. M/S. LIFE STYLE INFRATECH PVT. LTD., INDORE

Bench: Ms. Suchitra Raghunath Kamble & Shri B.M. Biyani

survey proceeding u/s 133A) to withdraw the deduction and disclose income accordingly in the returns/revised returns and his statement was also accepted by another director Shri Rajendra Kumar Mansukhani in statement recorded during search u/s 132(4)/131 on 21.09.2012. The directors have made such admission realizing that the assessee- company would not satisfy conditions, namely (i) the project could

GOVIND HARINARAYAN AGRAWAL HUF,INDORE vs. I T O 2(1), INDORE

Bench: Hon’Ble Manish Borad & Hon’Ble Madhumita Royassessment Year 2014-15

u/s 133A conducted on brokers and companies at Mumbai. These statements are not equivalent to material much less incriminating material in eyes of law and they are not corroborated by any iota of independent material. These statements cannot bind assessee who was not subject matter of any parallel survey operation. These statements are pre-existing and were recorded during search

MANISH GOVIND AGRAWAL HUF,INDORE vs. I T O 2(1), INDORE

Bench: Hon’Ble Manish Borad & Hon’Ble Madhumita Royassessment Year 2014-15

u/s 133A conducted on brokers and companies at Mumbai. These statements are not equivalent to material much less incriminating material in eyes of law and they are not corroborated by any iota of independent material. These statements cannot bind assessee who was not subject matter of any parallel survey operation. These statements are pre-existing and were recorded during search

SAPAN SHAH,INDORE vs. ACIT-4(I), INDORE

Bench: Hon’Ble Manish Borad & Hon’Ble Madhumita Royassessment Year 2014-15

u/s 133A conducted on brokers and companies at Mumbai. These statements are not equivalent to material much less incriminating material in eyes of law and they are not corroborated by any iota of independent material. These statements cannot bind assessee who was not subject matter of any parallel survey operation. These statements are pre-existing and were recorded during search

SHIV NARAYAN SHARMA,INDORE vs. ACIT CIRCLE 3(1), INDORE

Bench: Hon’Ble Manish Borad & Hon’Ble Madhumita Royassessment Year 2014-15

u/s 133A conducted on brokers and companies at Mumbai. These statements are not equivalent to material much less incriminating material in eyes of law and they are not corroborated by any iota of independent material. These statements cannot bind assessee who was not subject matter of any parallel survey operation. These statements are pre-existing and were recorded during search

PRAYANK JAIN,INDORE vs. ACIT5(1), INDORE

Bench: Hon’Ble Manish Borad & Hon’Ble Madhumita Royassessment Year 2014-15

u/s 133A conducted on brokers and companies at Mumbai. These statements are not equivalent to material much less incriminating material in eyes of law and they are not corroborated by any iota of independent material. These statements cannot bind assessee who was not subject matter of any parallel survey operation. These statements are pre-existing and were recorded during search

DARSHAN KUMAR PAHWA,INDORE vs. DCIT CIRCLE5(1), INDORE

Bench: Hon’Ble Manish Borad & Hon’Ble Madhumita Royassessment Year 2014-15

u/s 133A conducted on brokers and companies at Mumbai. These statements are not equivalent to material much less incriminating material in eyes of law and they are not corroborated by any iota of independent material. These statements cannot bind assessee who was not subject matter of any parallel survey operation. These statements are pre-existing and were recorded during search