MR.VINEET SHRIVASTAVA,BHOPAL vs. THE ITO ( IT&TP), BHOPAL

In the result, appeal of assessee is allowed for statistical purposes

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanimr. Vineet Shrivastava Ito (It & Tp) E-7/795, Arera Colony Bhopal Vs. Bhopal (Appellant / Assessee) (Respondent/ Revenue) Pan: Bcxps 2544 H Assessee By Shri Rohit Tiwari, Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 21.06.2023 Date Of Pronouncement 22.06.2023

1, the Ld. AO erred in not following the specific directions dated 29 June 2022 of the Ld. DRP with respect to making a reference to the valuation officer for correct valuation of cost of acquisition of property and allowing deduction of INR 6,250 on account of transfer fee expense in the impugned assessment order, even though the same

M/S. COMPUTER SCIENCES CORPORATION INDIA PRIVATE LIMITED,INDORE vs. THE ASST. COMMISSIONER OF INCOME TAX-2(1), INDORE

In the result, all the three appeals are partly allowed for statistical purpose and the Stay Application is also disposed of

Bench: Ms. Suchitra Kamble & Shri Bhagirath Mal Biyani

1. That on the facts and circumstances of the case and in law, the Commissioner of Income Tax (Appeals)-I, Indore [’the CIT(A)’] has erred in upholding the disallowance of Rs.6,54,95,133/- made under Section 14A of the Income Tax Act, 1961 (’the Act’) read with Rule 8D of Income Tax Rules, 1962 (’the Rules’) 2. That

M/S. COMPUTER SCIENCE CORPORATION INDIA PVT. LTD.,CHENNAI vs. THE ACIT-CIRCLE 2(1), INDORE

In the result, all the three appeals are partly allowed for statistical purpose and the Stay Application is also disposed of

Bench: Ms. Suchitra Kamble & Shri Bhagirath Mal Biyani

1. That on the facts and circumstances of the case and in law, the Commissioner of Income Tax (Appeals)-I, Indore [’the CIT(A)’] has erred in upholding the disallowance of Rs.6,54,95,133/- made under Section 14A of the Income Tax Act, 1961 (’the Act’) read with Rule 8D of Income Tax Rules, 1962 (’the Rules’) 2. That

M/S. COMPUTER SCIENCE CORPORATION INDIA PVT. LTD.,CHENNAI vs. DEPUTY COMMISSIONER OF INCOME TAX-CIRCLE 2(1) , INDORE

In the result, all the three appeals are partly allowed for statistical purpose and the Stay Application is also disposed of

Bench: Ms. Suchitra Kamble & Shri Bhagirath Mal Biyani

1. That on the facts and circumstances of the case and in law, the Commissioner of Income Tax (Appeals)-I, Indore [’the CIT(A)’] has erred in upholding the disallowance of Rs.6,54,95,133/- made under Section 14A of the Income Tax Act, 1961 (’the Act’) read with Rule 8D of Income Tax Rules, 1962 (’the Rules’) 2. That

M/S BANSAL EXTRACTION & EXPORT P LTD,BHOPAL vs. DCIT,CENTRAL-1, BHOPAL

In the result, the appeal of assessee is dismissed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanim/S. Bansal Extraction & Dcit Export Pvt. Ltd. Central-1 3Rd Floor Tawa Complex, Bittan Bhopal Vs. Market E-4, Arera Colony, Bhopal (Appellant / Assessee) (Revenue) Pan: Aadcb 7521 M Assessee By Shri Anil Khabya, Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 05.09.2023 Date Of Pronouncement 20.09.2023

144C shall, for the purposes of this Act, have the same powers as are vested in a court under the Code of Civil Procedure, 1908 (5 of 1908), when trying a suit in respect of the following matters, namely (a) discovery and inspection (b) enforcing the attendance of any person, including any officer of a banking company and examining

LALIT PREMCHANDANI,BHOPAL vs. THE ITO (IT& TP), BHOPAL

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniassessment Year: 2013-14 Lalit Premchandani, Ito (It&Tp), C-5, Windsor Estate, Bhopal बनाम/ Phase-I, Chuna Bhatti, Vs. Bhopal (Assessee / Appellant) (Revenue / Respondent) Pan: Apgpp3175G Assessee By Shri Ashish Goyal & Shri N.D. Patwa, Ars Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 17.08.2023 Date Of Pronouncement 15.09.2023

property called DV (Dream Vila)-11, Bhopal for Rs. 2,53,50,000/- but the purchase-consideration shown in the registered-deed was Rs. 1,97,50,000/- only. Thus, the assessee has paid unaccounted on-money of Rs. 56,00,000/- [Rs. 2,53,50,000 (-) Rs. 1,97,50,000] in cash from undisclosed sources. Accordingly