M/S. S.R. FERRO ALLOYS,JHABUA vs. THE PCIT, BHOPAL

In the result, the appeal of assessee is allowed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanis.R. Ferro Alloys Pr. Cit, Central 9, Siddheswar Colony Bhopal Vs. Jhabua (Appellant / Assessee) (Revenue) Pan: Abhfs7377Q Appellant By Shri Sumit Nema, Sr. Adv. & Gagan Tiwari, Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 12.10.2023 Date Of Pronouncement 09.11.2023

property deduced there from. The choice of method of accounting regularly employed by the assessee lies with the assessee but the assessee would be required to show tat he has followed the chosen method regularly. The Department is bound by the assessee's regular method would not be rejected as improper merely because it gives the assessee the benefit

M/S AYUSH AJAY CONSTRUCTION PVT. LTD. ,INDORE vs. THE DCIT CENTRAL-(1), INDORE

The appeal is dismissed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniassessment Year: 2018-19 Ayushajay Construction Pr.Cit-1, Private Limited, Indore. बनाम/ 3/3, South Tukoganj, Vs. Indore (Assessee / Appellant) (Revenue / Respondent) Pan: Aacca 5523 B Assessee By Shri Prakash Jain & Ms. Shreya Jain, Cas Revenue By Ms. Simran Bhullar, Cit Dr Date Of Hearing 22.11.2023 Date Of Pronouncement 12.01.2024

Housing & Land Development Trust Ltd. (1986) 161 ITR 524 (SC), the order of Hon’ble Supreme Court is re- produced below in entirety for full clarity: “This appeal by certificate granted by the High Court is directed against the judgment of the Calcutta High Court answering the following question in the negative : "Whether, on the facts and in the circumstances

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

161 A.Y. 2015- (SC) 16 15 Interest is The AO disallowed the allowable on claim of the assessee genuine for interest only on the borrowing ground that the unsecured loans on which the interest have been paid are not genuine. Once, such loans are considered as genuine, then the entire interest would be allowable u/s. 36(1)(iii). 12.1 Reference

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

161 A.Y. 2015- (SC) 16 15 Interest is The AO disallowed the allowable on claim of the assessee genuine for interest only on the borrowing ground that the unsecured loans on which the interest have been paid are not genuine. Once, such loans are considered as genuine, then the entire interest would be allowable u/s. 36(1)(iii). 12.1 Reference

M/S PARTH DEVELOPERS,DHAR vs. THE PCIT -1, INDORER

In the result, appeal of assessee is allowed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanim/S. Parth Developers Pr. Cit-1 Manawar Dist. Indore Vs. Dhar (Appellant / Assessee) (Respondent/ Revenue) Pan: Aalfp 4509 N Assessee By Shri Milind Wadhwani, Ar Revenue By Shri P.K. Mishra, Cit-Dr Date Of Hearing 22.06.2023 Date Of Pronouncement 28.07.2023

property deduced there from. The choice of method of accounting regularly employed by the assessee lies with the assessee but the assessee would be required to show tat he has followed the chosen method regularly. The Department is bound by the assessee's regular method would not be rejected as improper merely because it gives the assessee the benefit

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)

property under consideration, giving following reliefs is contradictory :- (i) Relief of Rs. 48,07,238/- (para 3.3.5) ignoring that the ‘furniture and fixtures’ involve completely different items as dealt by Ld. CIT(A) at para 3.4 ? (ii) Relief given based on use by DVO of CPWD rates, as compared to the lower State PWD rates ? (iii) Relief given on architect

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)

property under consideration, giving following reliefs is contradictory :- (i) Relief of Rs. 48,07,238/- (para 3.3.5) ignoring that the ‘furniture and fixtures’ involve completely different items as dealt by Ld. CIT(A) at para 3.4 ? (ii) Relief given based on use by DVO of CPWD rates, as compared to the lower State PWD rates ? (iii) Relief given on architect

ANIL TURAKHIA,INDORE vs. ITO-5(1), INDORE, INDORE

Appeals are allowed for statistical purpose

161-162]\nDec 2022 to\n2023\nApplication for Intervention filed by\nthe appellant's mother to save his\nvaluable immovable property.\nThereafter the appellant has filed\nrejoinder to the respondent bank\nCopy of application is\nenclosed. [PB 163-174]\nSept 2024\nThen again the written submission has\nbeen filed by the appellant before the\nHon'ble DRT for the quashment

ANIL TURAKHIA,INDORE vs. ITO-5(1), INDORE, INDORE

Appeals are allowed for statistical purpose

161-162]\nDec 2022 to\n2023\nApplication for Intervention filed by\nthe appellant's mother to save his\nvaluable immovable property.\nThereafter the appellant has filed\nrejoinder to the respondent bank\nCopy of application is\nenclosed. [PB 163-174]\nSept 2024\nThen again the written submission has\nbeen filed by the appellant before the\nHon'ble DRT for the quashment

ANIL TURAKHIA,INDORE vs. ITO-5(1), INDORE, INDORE

Appeals are allowed for statistical purpose

161-162]\nDec 2022 to\n2023\nApplication for Intervention filed by\nthe appellant's mother to save his\nvaluable immovable property.\nThereafter the appellant has filed\nrejoinder to the respondent bank\nThen again the written submission has\nbeen filed by the appellant before the\nHon'ble DRT for the quashment of\nthe recovery proceedings.\nCopy of application is\nenclosed

ANIL TURAKHIA,INDORE vs. ITO-5(1), INDORE, INDORE

Appeals are allowed for statistical purpose

161-162]\nDec 2022 to\n2023\nApplication for Intervention filed by\nthe appellant's mother to save his\nvaluable immovable property.\nThereafter the appellant has filed\nrejoinder to the respondent bank\nCopy of application is\nenclosed. [PB 163-174]\nSept 2024\nThen again the written submission has\nbeen filed by the appellant before the\nHon'ble DRT for the quashment