THE DCIT-3(1), INDORE vs. M/S. M.P. ENTERTAINMENT & DEVELOPERS PVT. LTD., INDORE

Bench: Ms. Madhumita Roy & Shri Bhagirath Mal Biyani

147 (Mad.) has held that where in case of a let out property, if the actual rent received is more than the standard rent, the annual value of the property should be determined on the basis of actual rent received. In the instant case, the standard rent has not been fixed by the Rent for any property of Indore. However

DEPUTY COMMISSIONER OF INCOME TAX -3 (1), INDORE vs. M/S M.P. ENTERTAINMENT AND DEVELOPERS PRIVATE LIMITED, INDORE

Bench: Ms. Madhumita Roy & Shri Bhagirath Mal Biyani

147 (Mad.) has held that where in case of a let out property, if the actual rent received is more than the standard rent, the annual value of the property should be determined on the basis of actual rent received. In the instant case, the standard rent has not been fixed by the Rent for any property of Indore. However

MS. SANGEETA CHOPRA,UJJAIN vs. THE PR. CIT. UJJAIN, UJJAIN

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

Bench: Shri Manish Borad& Ms. Madhumita Roy

Section 147 of the Act upon filing her return of income showing total income of Rs. 19,740/-: Computation of Capital Gains Sale Consideration received Rs. 29,00,000 Market Value of the property sold Rs. 42,52,000 PARTICULARA SALES MARKET VALUE CONSIDERATION 50% share in house

M/S SHEETU EDUCATIONAL SERVICE PVT LTD.,INDORE vs. THE DCIT 5(1), INDORE

In the result, all the appeals of the assessee for assessment year 2005-06 to 2010-11 are partly allowed as per our

Bench: Shri D.T. Garasia & Shri O.P. Meena

house properties, however no income has been declared by the assessee. In view of the above facts, I have reason to believe that income chargeable to tax more than Rs 2,00,000/- has escaped assessment in term of explanation 2 of section 147

M/S. SHEETU EDUCATIONAL SERVICES P LTD.,INDORE vs. THE DCIT 5(1) RANGE-5, INDORE

In the result, all the appeals of the assessee for assessment year 2005-06 to 2010-11 are partly allowed as per our

Bench: Shri D.T. Garasia & Shri O.P. Meena

house properties, however no income has been declared by the assessee. In view of the above facts, I have reason to believe that income chargeable to tax more than Rs 2,00,000/- has escaped assessment in term of explanation 2 of section 147

M/S SHEETU EDUCATIONAL SERVICE PVT LTD.,INDORE vs. THE DCIT 5(1), INDORE

In the result, all the appeals of the assessee for assessment year 2005-06 to 2010-11 are partly allowed as per our

Bench: Shri D.T. Garasia & Shri O.P. Meena

house properties, however no income has been declared by the assessee. In view of the above facts, I have reason to believe that income chargeable to tax more than Rs 2,00,000/- has escaped assessment in term of explanation 2 of section 147

M/S. SHEETU EDUCATIONAL SERVICES P. LTD.,INDORE vs. THE DCIT 5(1), INDORE

In the result, all the appeals of the assessee for assessment year 2005-06 to 2010-11 are partly allowed as per our

Bench: Shri D.T. Garasia & Shri O.P. Meena

house properties, however no income has been declared by the assessee. In view of the above facts, I have reason to believe that income chargeable to tax more than Rs 2,00,000/- has escaped assessment in term of explanation 2 of section 147

M/S. SHEETU EDUCATIONAL SERVICES P. LTD.,INDORE vs. THE DCIT 5(1), INDORE

In the result, all the appeals of the assessee for assessment year 2005-06 to 2010-11 are partly allowed as per our

Bench: Shri D.T. Garasia & Shri O.P. Meena

house properties, however no income has been declared by the assessee. In view of the above facts, I have reason to believe that income chargeable to tax more than Rs 2,00,000/- has escaped assessment in term of explanation 2 of section 147

ABHISHEK DHANOTIA,INDORE vs. INCOME TAX OFFICER- 3(1), INDORE

Bench: Shri Kul Bharatassessment Year: 2010-11

section 153C. 12. Considering the above facts, circumstances of the case, submissions made, documents on record and judicial precedents, assessee prays before your Honors that the impugned order passed u/s 143(3) rws 147 be quashed. Without prejudice to submissions above for Ground No. 01 B. Assessment completed u/s 143(3) rws 147 is without complying to the provisions envisaged

THE ACIT, 4(1), INDORE vs. SHRI SANJAY LUNAWAT, INDORE

Bench: Shri Rajpal Yadav, Vice- & Shri Manish Boradvirtual Hearing Assessment Year 2010-11

147 assessee 7.3 Copy of acknowledgment of income-tax return along with computation of 148- income of the unsecured loan creditor for the Assessment Year 2010-11 150 7.4 Copy of Balance Sheet and Profit and Loss account of the unsecured loan creditor for the year ended 31st March, 2010 wherein the amount receivable 151 from the assessee is duly

KAMAL PANJWANI,INDORE vs. THE ACIT 3 (1), INDORE

Bench: Shri Vijay Pal Rao & Shrib.M. Biyani

section 147/148.” But, during the hearing of first-appeal, the assessee himself made following submission which is re-produced by CIT(A) on Page No. 17 of order of AY 1989-90 / Page No. 9 of AY 1990-91: “The issue is not being pressed for adjudication and same may please be treated as withdrawn.” Taking into account this submission

KAMAL PANJWANI,INDORE vs. THE ACIT 3 (1), INDORE

Bench: Shri Vijay Pal Rao & Shrib.M. Biyani

section 147/148.” But, during the hearing of first-appeal, the assessee himself made following submission which is re-produced by CIT(A) on Page No. 17 of order of AY 1989-90 / Page No. 9 of AY 1990-91: “The issue is not being pressed for adjudication and same may please be treated as withdrawn.” Taking into account this submission

KAMAL PANJWANI,INDORE vs. THE ACIT 3 (1), INDORE

Bench: Shri Vijay Pal Rao & Shrib.M. Biyani

section 147/148.” But, during the hearing of first-appeal, the assessee himself made following submission which is re-produced by CIT(A) on Page No. 17 of order of AY 1989-90 / Page No. 9 of AY 1990-91: “The issue is not being pressed for adjudication and same may please be treated as withdrawn.” Taking into account this submission

KAMAL PANJWANI,INDORE vs. THE ACIT 3 (1), INDORE

Bench: Shri Vijay Pal Rao & Shrib.M. Biyani

section 147/148.” But, during the hearing of first-appeal, the assessee himself made following submission which is re-produced by CIT(A) on Page No. 17 of order of AY 1989-90 / Page No. 9 of AY 1990-91: “The issue is not being pressed for adjudication and same may please be treated as withdrawn.” Taking into account this submission

KAMAL PANJWANI,INDORE vs. THE ACIT 3 (1), INDORE

Bench: Shri Vijay Pal Rao & Shrib.M. Biyani

section 147/148.” But, during the hearing of first-appeal, the assessee himself made following submission which is re-produced by CIT(A) on Page No. 17 of order of AY 1989-90 / Page No. 9 of AY 1990-91: “The issue is not being pressed for adjudication and same may please be treated as withdrawn.” Taking into account this submission

VAISHALI DEVELOPERS AND BUILDERS ,BHOPAL vs. INCOME TAX OFFICER -1(2), BHOPAL

Appeals are allowed

Bench: Shri B.M. Biyani & Shri Udayan Das Gupta

section 80-IB(10), the entirety of project including development of infrastructure must be undertaken by assessee. According to Ld. DR, ‘entire project’ would mean development as a cohesive unit which includes the construction of houses with development of essential amenities. In the case of assessee, the buyers have first acquired ownership of plots from assessee through registered Sale-Deeds

SMT SADHNA VOHRA,BHOPAL vs. ITO 1(3), BHOPAL

In the result, the appeal filed by the assessee is

Bench: Shri Kul Bharatassessment Year: 2010-11

147, section 148, section 149, section 151 and section 153, where the Assessing Officer is satisfied that,— (a) any money, bullion, jewellery or other valuable article or thing, seized or requisitioned, belongs to; or (b) any books of account or documents, seized or requisitioned, pertains or pertain to, or any information contained therein, relates to, a person other than

DCIT (CENTRAL), BHOPAL vs. SHAILENDRA SHARMA, BHOPAL

In the result the appeals of the assessee for the Assessment

Bench: Shri Vijay Pal Rao & Shri B.M. Biyani

property already took place on 07.01.2011. The seized document is entirely silent about the 9 IT(SS) No.30 & 31/Ind/2023 ITA (SS) No.305/Ind/2023 Shailendra Sharma transaction whether it is a payment or receipt. The addition made by the A.O in respect of other notings in the seized document has been deleted by the CIT(A) in para No. 3.6.2 as under