M/S SWADESH DEVLOPERS AND BUILDERS,BHOPAL vs. ASSISTANT COMMISSIONER OF INCOME TAX (CENTRAL)-2, BHOPAL

Bench: Shri Rajpal Yadav Hon'Ble & Shri Manish Borad

192 has "held that if two reasonable construction of a taxing provisions are possible, then that construction which favours the assessee must be adopted". In the light of above judgment of Hon'ble Apex Court we have gone through the judgments referred and relied by both the parties and are inclined to follow the view taken by Hon'ble courts

M/S RADHISHWARI DEVLOPERS P LTD,INDORE vs. PR CIT -2 INDORE, INDORE

In the result, Assessee’s appeal in ITANo

Bench: Hon’Ble Rajpal Yadav & Hon’Ble Manish Boradvirtual Hearing Assessment Year 2013-14 M/S. Radhishwari Developers P. Ltd. (Now Known As R.C. Warehousing Pvt. Ltd. ) Indore : Appellant Pan :Aafcr1916A V/S Pr. Cito-2 : Respondent Indore Appellant By S/Shri Sumit Nema Sr. Adv. With Gagan Tiwari & Piyush Parashar Advs. Revenue By Shri S.S. Mantri, Cit-Dr Date Of Hearing 24.05.2021 Date Of Pronouncement 20.07.2021

section 263 is not permitted to substitute his estimate of income in place of the income estimated by the Assessing Officer. (vii) The Assessing Officer exercises quasi-judicial power vested in him and if he exercises such power in accordance with law and arrive at a conclusion, such conclusion cannot be termed to be erroneous simply because the Commissioner

AG-8 VENTURES LTD.,BHOPAL vs. ACIT, CENTRAL-1, BHOPAL

Bench: Hon'Ble Kul Bharat & Hon'Ble Manish Borad

192/- made by the A.O. on account of disallowance of deduction expenditure. 11. On the fact and in the Circumstance of the Ld. CIT (A) has erred in deleting the addition of Rs. 15,00,000/- made by the A.O. on account of unaccounted receipts. 12. On the fact and in the Circumstance of the case

AG-8 VENTURES LTD.,BHOPAL vs. ACIT, CENTRAL-1, BHOPAL

Bench: Hon'Ble Kul Bharat & Hon'Ble Manish Borad

192/- made by the A.O. on account of disallowance of deduction expenditure. 11. On the fact and in the Circumstance of the Ld. CIT (A) has erred in deleting the addition of Rs. 15,00,000/- made by the A.O. on account of unaccounted receipts. 12. On the fact and in the Circumstance of the case

JAI PRAKASH NARAYAN SHARMA,INDORE vs. ASSISTANT COMMISSIONER OF INCOME TAX-2(1), INDORE

Appeal is allowed for statistical purpose

property\nSale consideration\n202,00,000\n1,37,00,000\nLess:\nIndex Cost of Land Transferred\n11,74,905\nCapital Gain\n1,90,25,095\nCost of new house purchased\n1,26,02,377\nCapital gain exempt as per section 54F\n1,75,00,834\n(19025095*12602377/13700000)\nTaxable gain\n15,24,261\nIn support of our claim, we wish

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

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

Appeals are allowed for statistical purpose

192-194]\nThe appellant was undergoing genuine hardship due to coercive bank recovery\nproceedings against his residential house. From November 2022 onwards, the appellant\nwas compelled to litigate before the Hon'ble DRT, including filing appeal, intervention\nproceedings through his aged mother, and subsequent submissions, all aimed at\npreventing auction of the property. The appellant remained continuously engaged\nmedical reasons

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

Appeals are allowed for statistical purpose

192-194]\nThe appellant was undergoing genuine hardship due to coercive bank recovery\nproceedings against his residential house. From November 2022 onwards, the appellant\nwas compelled to litigate before the Hon'ble DRT, including filing appeal, intervention\nproceedings through his aged mother, and subsequent submissions, all aimed at\npreventing auction of the property. The appellant remained continuously engaged\nmedical reasons

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

Appeals are allowed for statistical purpose

192-194]\nThe appellant was undergoing genuine hardship due to coercive bank recovery\nproceedings against his residential house. From November 2022 onwards, the appellant\nwas compelled to litigate before the Hon'ble DRT, including filing appeal, intervention\nproceedings through his aged mother, and subsequent submissions, all aimed at\npreventing auction of the property. The appellant remained continuously engaged\nmedical reasons

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

Appeals are allowed for statistical purpose

192-194]\nThe appellant was undergoing genuine hardship due to coercive bank recovery\nproceedings against his residential house. From November 2022 onwards, the appellant\nwas compelled to litigate before the Hon'ble DRT, including filing appeal, intervention\nproceedings through his aged mother, and subsequent submissions, all aimed at\npreventing auction of the property. The appellant remained continuously engaged\nmedical reasons

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

property discovered in the course of search which was not produced or not already disclosed or made known in the course of original assessment. In. all these cases no assessments were pending on the date of search for these assessment years. No assessments were abated in terms of second proviso to section 153A of the Act. Hon'ble Delhi High

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

property discovered in the course of search which was not produced or not already disclosed or made known in the course of original assessment. In. all these cases no assessments were pending on the date of search for these assessment years. No assessments were abated in terms of second proviso to section 153A of the Act. Hon'ble Delhi High

THE A C I T CENTRAL-II, BHOPAL vs. S V INFRA DEVELOPERS, BHOPAL

In the result both the appeals of the Revenue are dismissed

Bench: Hon'Ble Kul Bharat & Hon'Ble Manish Borad

192 : (2011) 60 DTR 233 Xxxxxx ..... xxxxx Shri Nitin Agrawal & S.V. Infra Developers IT(SS)A No.182/Ind/2019& ITA No.657/Ind/2019 b)INCOME TAX OFFICER vs. VIJAY KUMAR KESAR (2010) 231 CTR (Chattisgarh) 165: (2010) 327 ITR 497: (2010) 36 DTR 13 Xxxxxx ..... xxxxx c)COMMISSIONER OF INCOME TAX vs. SHRl RAMDAS MOTOR TRANSPORT

SMT. SARITA CHAWLA,BHOPAL vs. THE ACIT 1(2), BHOPAL

In the result appeal of the assessee for Assessment Years

Bench: Hon'Ble Kul Bharat & Hon'Ble Manish Boradit(Ss)A Nos. 158 To 163/Ind/2015 Assessment Years 2000-01 To 2005-06 & Assessment Year-2006-07

House Security Deposit 40,000/- Smt. SaritaChawla Loan 5,10,000/- M/s Star Hardware, Bhopal Security Deposit 1,00,000/- 62 IT(SS)ANos.158 to 175/Ind/2015 && others Chawla Group Vishal Kumar Raj Kumar Loan 2,00,000/- Sonia Devi Loan 2,00,000/- Total 16,50,000/- 53. In the above stated list the amount referred as security deposits

THE DCIT, 1(1), BHOPAL vs. SMT. SUDESH CHAWLA, BHOPAL

In the result appeal of the assessee for Assessment Years

Bench: Hon'Ble Kul Bharat & Hon'Ble Manish Boradit(Ss)A Nos. 158 To 163/Ind/2015 Assessment Years 2000-01 To 2005-06 & Assessment Year-2006-07

House Security Deposit 40,000/- Smt. SaritaChawla Loan 5,10,000/- M/s Star Hardware, Bhopal Security Deposit 1,00,000/- 62 IT(SS)ANos.158 to 175/Ind/2015 && others Chawla Group Vishal Kumar Raj Kumar Loan 2,00,000/- Sonia Devi Loan 2,00,000/- Total 16,50,000/- 53. In the above stated list the amount referred as security deposits

LATE SMT. SUDESH CHAWLA L/H SHRI PREM CHAWLA,BHOPAL vs. THE ACIT 1(2), BHOPAL

In the result appeal of the assessee for Assessment Years

Bench: Hon'Ble Kul Bharat & Hon'Ble Manish Boradit(Ss)A Nos. 158 To 163/Ind/2015 Assessment Years 2000-01 To 2005-06 & Assessment Year-2006-07

House Security Deposit 40,000/- Smt. SaritaChawla Loan 5,10,000/- M/s Star Hardware, Bhopal Security Deposit 1,00,000/- 62 IT(SS)ANos.158 to 175/Ind/2015 && others Chawla Group Vishal Kumar Raj Kumar Loan 2,00,000/- Sonia Devi Loan 2,00,000/- Total 16,50,000/- 53. In the above stated list the amount referred as security deposits