M/S. FROLIC REALTY PRIVATE LIMITED,INDORE vs. THE ITO 3(3), INDORE

In the result, these three appeals of by different assessees in ITANo

Bench: Hon'Ble I Kul Bharat & Hon'Ble Manish Boradassessment Year: 2010-11 Avocado Trading Company Private Ito 3(3) Limited Indore बनाम/ G.J. Shah & Company, Chartered Vs. Accountants 404, Manas Bhawan, 11 Rnt Marg, Indore-452001 (Appellant) (Revenue) Pan: Aagca4206K Assessment Year: 2010-11 Aspirant Mercantile Company Private Ito 3(3) Limited Indore बनाम/ G.J. Shah & Company,Chartered Vs. Accountants 404, Manas Bhawan, 11 Rnt Marg, Indore-452001 (Appellant) (Revenue) Pan: Aagca4207J

unexplained cash credit – CIT v. Pancham Dass Jain (2006) CIT v. Pancham Dass Jain (2006) 156 Taxman 507 (All); Annamaria Travels & Tours (P.) Ltd. v. DCIT (2005) 95 TTJ 71 (Del); Manoj Agarwal v. DCIT (2008) 113 ITD 377 (Del) (SB) Even otherwise, if purchase is considered as non-genuine, genuine, it would be disallowed

THE ACIT-5(1), INDORE vs. M/S. SUNDERDEEP CONSTRUCTION PVT. LTD., INDORE

In the result all the grounds raised by the Revenue are

Bench: Hon’Ble Kul Bharat & Hon’Ble Manish Boradassessment Year 2012-13

disallowance u/s 40A(3) of the Act at Rs.4,26,000/- , addition u/s 68 of the Act on account of bogus cash credit introduced in the books of account at Rs.2,76,42,000/- and addition of bogus creditors at Rs.83,05,400/- . Aggrieved assessee preferred appeal before Ld. CIT(A) and succeeded. 3. Now the revenue is in appeal

THE ACIT CENTRAL-3, INDORE vs. JARNALBEER SINGH BHATIA, KHANDWA

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniit(Ss)A Nos.19 To 23/Ind/2023 & Ita No.226/Ind/2023 Ays : 2013-14 To 2018-19 Jarnalbeer Singh Bhatia, Dcit/Acit, बनाम/ Bhatia Transport (Central)-3, Vs. Services, Indore. Old Indore Lines, Pandhana Road, Khandwa (Pan: Aixpb4565C) (Assessee/Appellant) (Revenue/Respondent)

Disallowance of freight expenses u/s 40(a)(ia) 2013-14 3 2014-15 2 2016-17 4 2017-18 5 2018-19 7 7 Unexplained investment in construction of house 2016-17 3 u/s 69 2017-18 3 2018-19 3 8 Unexplained investment in furniture & fixture 2017-18 4 2018-19 4 9 Unexplained cash credit

JARNALBEER SINGH BHATIA,KHANDWA vs. THE ACIT CENTRAL-3, INDORE

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniit(Ss)A Nos.19 To 23/Ind/2023 & Ita No.226/Ind/2023 Ays : 2013-14 To 2018-19 Jarnalbeer Singh Bhatia, Dcit/Acit, बनाम/ Bhatia Transport (Central)-3, Vs. Services, Indore. Old Indore Lines, Pandhana Road, Khandwa (Pan: Aixpb4565C) (Assessee/Appellant) (Revenue/Respondent)

Disallowance of freight expenses u/s 40(a)(ia) 2013-14 3 2014-15 2 2016-17 4 2017-18 5 2018-19 7 7 Unexplained investment in construction of house 2016-17 3 u/s 69 2017-18 3 2018-19 3 8 Unexplained investment in furniture & fixture 2017-18 4 2018-19 4 9 Unexplained cash credit

NEMINATH DEVELOPERS,UJJAIN vs. ACIT2(1) , UJJAIN

Appeal is partly allowed in the terms indicated

Bench: Shri B.M. Biyani & Shri Paresh M. Joshiassessment Year: 2015-16 Neminath Developers, Acit 2(1) 105, Mani Trade Centre, Ujjain बनाम/ Shanku Marg Freeganj, Vs. Ujjain (Assessee/Appellant) (Revenue/Respondent) Pan: Aagfn3566L Assessee By Shri Pavan Ved, Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 05.03.2026 Date Of Pronouncement 10.04.2026

disallowance of interest is relatable to the underlying additions of unexplained cash credits of Rs. 6,33,13,140/- and Rs. 5,80,09,541/- made

THE ACIT, 3(1), INDORE vs. SHRI PRAMOD KUMAR SETHI, INDORE

In the result appeal filed by the revenue being I

Bench: Shri Kul Bharat & Shri Manish Borad

cash credit and interest paid there on and unexplained expenditure along with the relevant ground raised by the assessee. However the addition for disallowance

THE ACIT, 3(1), INDORE vs. SHRI PRAMOD KUMAR SETHI, INDORE

In the result appeal filed by the revenue being I

Bench: Shri Kul Bharat & Shri Manish Borad

cash credit and interest paid there on and unexplained expenditure along with the relevant ground raised by the assessee. However the addition for disallowance

SHRI PRAMOD KUMAR SETHI,INDORE vs. THE ACIT 3(1), INDORE

In the result appeal filed by the revenue being I

Bench: Shri Kul Bharat & Shri Manish Borad

cash credit and interest paid there on and unexplained expenditure along with the relevant ground raised by the assessee. However the addition for disallowance

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

unexplained cash credit u/s 68 of the Act and allow the claim of exemption of income u/s 10(38) of the Act for Long Term Capital Gain from sale of equity shares of M/s Sunrise Asian Limited at Rs.37,40,741/-, Rs. 1,02,86,220/- and Rs.1,48,71,538/- made by the assessee namely Shri Pritesh Jain

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

unexplained cash credit u/s 68 of the Act and allow the claim of exemption of income u/s 10(38) of the Act for Long Term Capital Gain from sale of equity shares of M/s Sunrise Asian Limited at Rs.37,40,741/-, Rs. 1,02,86,220/- and Rs.1,48,71,538/- made by the assessee namely Shri Pritesh Jain

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

Unexplained Cash Credits u/s. 68 on account of Unsecured Loans and Disallowance of Interest Paid thereon u/s. 69C b) Out of Books

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

Unexplained Cash Credits u/s. 68 on account of Unsecured Loans and Disallowance of Interest Paid thereon u/s. 69C b) Out of Books

DY. CIT -1(1), INDORE vs. M/S. AGRAWAL TRANSPORT CORPORATION (P) LTD., INDORE

Bench: Hon’Ble Kul Bharat & Hon’Ble Manish Boradassessment Year 2010-11

unexplained cash credit addition u/s 68 of the Act and disallowance of interest on the loans taken from unexplained cash

THE DCIT1(1), INDORE vs. M/S. AVILABLE FINANCE LTD., INDORE

Bench: Hon’Ble Kul Bharat & Hon’Ble Manish Boradassessment Year 2010-11

unexplained cash credit addition u/s 68 of the Act and disallowance of interest on the loans taken from unexplained cash

M/S AD-MANUM FINANCE LTD.,INDORE vs. THEDCIT 1(1) , INDORE, INDORE

Bench: Hon’Ble Kul Bharat & Hon’Ble Manish Boradassessment Year 2010-11

unexplained cash credit addition u/s 68 of the Act and disallowance of interest on the loans taken from unexplained cash

THEDCIT 1(1) , INDORE, INDORE vs. M/S AD-MANUM FINANCE LTD., INDORE

In the result, Revenue’s appeal in ITANo

Bench: Hon’Ble Rajpal Yadav & Hon’Ble Manish Boradvirtual Hearing Assessment Year 2011-12

unexplained cash credit u/s 68 of the Act as well as deleting disallowance of interest expenditure disallowed at Rs. 61,58,897/- observing

SHRI MADANLAL GABBAJI BANJARA,NEEMUCH vs. THE ITO, NEEMUCH

In the result both the appeals for Assessment Years vide

Bench: Shri Kul Bharat & Shri Manish Borad

Unexplained Debtors of last year at Rs. 90,000/-, addition for refund of security deposit by District Excise Department at Rs. 2,59,400/- and addition of maturity value of FDR credited into bank account at Rs. 1,02,516/-. Assessee’s claim for loss was denied and Income assessed at Rs.9,60,92,612/-. 5. Brief facts relating

SHRI MADANLAL GABBAJI BANJARA,NEEMUCH vs. THE ITO, NEEMUCH

In the result both the appeals for Assessment Years vide

Bench: Shri Kul Bharat & Shri Manish Borad

Unexplained Debtors of last year at Rs. 90,000/-, addition for refund of security deposit by District Excise Department at Rs. 2,59,400/- and addition of maturity value of FDR credited into bank account at Rs. 1,02,516/-. Assessee’s claim for loss was denied and Income assessed at Rs.9,60,92,612/-. 5. Brief facts relating