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

Bench: Ms. Madhumita Roy & Shri Bhagirath Mal Biyani

30]. 5.00 CASE OF CHENNAI PROPERTIES - HON'BLE SUPREME COURT The Hon'ble Apex Court in the case of Chennai Properties and Investments Ltd. vs. CIT (2015) 373 ITR 673 (SC) [kindly refer JCB Page No. 1 to 4] has held that where an income has been derived by an assessee from the commercial exploitation of the properties

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

Bench: Ms. Madhumita Roy & Shri Bhagirath Mal Biyani

30]. 5.00 CASE OF CHENNAI PROPERTIES - HON'BLE SUPREME COURT The Hon'ble Apex Court in the case of Chennai Properties and Investments Ltd. vs. CIT (2015) 373 ITR 673 (SC) [kindly refer JCB Page No. 1 to 4] has held that where an income has been derived by an assessee from the commercial exploitation of the properties

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

30 years for running thereon as school. Therefore, this amounts to deemed transfer of ownership of building to Jasleen Educational Service M/s.Sheetu Educational Services P.Ltd. I.T.A.Nos. 24 to 26/Ind2015 and 352 to 354/Ind/2016 Page 44 of 66 Society appear provision of Section 27(iib) of the Act which reads as under:-27. "Owner of the house property

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

30 years for running thereon as school. Therefore, this amounts to deemed transfer of ownership of building to Jasleen Educational Service M/s.Sheetu Educational Services P.Ltd. I.T.A.Nos. 24 to 26/Ind2015 and 352 to 354/Ind/2016 Page 44 of 66 Society appear provision of Section 27(iib) of the Act which reads as under:-27. "Owner of the house property

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

30 years for running thereon as school. Therefore, this amounts to deemed transfer of ownership of building to Jasleen Educational Service M/s.Sheetu Educational Services P.Ltd. I.T.A.Nos. 24 to 26/Ind2015 and 352 to 354/Ind/2016 Page 44 of 66 Society appear provision of Section 27(iib) of the Act which reads as under:-27. "Owner of the house property

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

30 years for running thereon as school. Therefore, this amounts to deemed transfer of ownership of building to Jasleen Educational Service M/s.Sheetu Educational Services P.Ltd. I.T.A.Nos. 24 to 26/Ind2015 and 352 to 354/Ind/2016 Page 44 of 66 Society appear provision of Section 27(iib) of the Act which reads as under:-27. "Owner of the house property

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

30 years for running thereon as school. Therefore, this amounts to deemed transfer of ownership of building to Jasleen Educational Service M/s.Sheetu Educational Services P.Ltd. I.T.A.Nos. 24 to 26/Ind2015 and 352 to 354/Ind/2016 Page 44 of 66 Society appear provision of Section 27(iib) of the Act which reads as under:-27. "Owner of the house property

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 property 14,50,000 21,26,000 sold (Itwara, Bhopal) Indexed Cost

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

30% from rental income from house property. The assessee is engaged in the business of real estate and some part of the constructed area which remain unsold were being rented out. The rented immoveable properties are included in the closing stock of the Pramod Kumar Sethi I.T.A. No. 382 & 383/Ind/14 company. Now whether the rental income received from such immovable

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

30% from rental income from house property. The assessee is engaged in the business of real estate and some part of the constructed area which remain unsold were being rented out. The rented immoveable properties are included in the closing stock of the Pramod Kumar Sethi I.T.A. No. 382 & 383/Ind/14 company. Now whether the rental income received from such immovable

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

30% from rental income from house property. The assessee is engaged in the business of real estate and some part of the constructed area which remain unsold were being rented out. The rented immoveable properties are included in the closing stock of the Pramod Kumar Sethi I.T.A. No. 382 & 383/Ind/14 company. Now whether the rental income received from such immovable

SHRI SUSHIL KUMAR BAFNA,UJJAIN vs. THE ITO 1(1), UJJAIN

In the result, the appeal of the assessee is partly allowed

Bench: Shri C.M.Garg & Shri O.P.Meenaआ.अ.सं./ I.T.A. No. 637/Ind/2014 "नधा"रण वष" /Assessment Year: 2010-11

30,59,235/- [PB37] and Plot No. 383 on 15.03.2010 for Rs. 28,38,990/- [ PB 47]. The investment of Rs. 11,50,000/- was claimed towards construction of residential house on these three plots. The assessee was asked to furnish: - a) copy of Map/plan approved by the Municipal Corporation, Indore b) Letter of approval from Town and Country Planning

SRK DEV BUILD PVT LTD.,INDORE vs. DCIT/ACIT 5(1), INDORE

Appeal is allowed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniassessment Year: 2016-17 Srk Dev Build Pvt. Ltd, Dcit/Acit-5(1) 18/2, Lasudia Mori, Indore बनाम/ A.B. Road, Vs. Indore (Assessee/Appellant) (Revenue/Respondent) Pan: Aaqcs3387P Assessee By Shri Pranay Goyal & S.N. Goyal, Cas Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 15.04.2024 Date Of Pronouncement 20.06.2024

30 lacs in the previous year which is not disclosed by the assessee but it is quite clear that assessee has not used for any business purpose nor the assessee has shown any rental income on the said property being given on rent to the institution. The assessee has also claimed interest expenses

BHARAT SHAH,INDORE vs. THE ITO3(4), INDORE

In the result, Assessee’s appeal ITANo

Bench: Shri Mahavir Prasad & Shri Manish Boradvirtual Hearing Assessment Year: 2013-14

property", other than the new asset, the amount of capital gain arising from the transfer of the original asset not charged under section 45 on the basis of the cost of such new asset as provided in clause (a), or, as the case may be, clause (b), of sub-section (1), shall be deemed to be income chargeable under

DILIP CHANDRASENRO MAHADIK,INDORE vs. THE PR CIT -2 INDORE, INDORE

Appeal is dismissed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniassessment Year: 2015-16 Shri Dilip Chandrasenrao Pr.Cit-2, Mahadik, Indore. बनाम/ 479, Kalani Nagar, Vs. Indore (Assessee / Appellant) (Revenue / Respondent) Pan: Abwpm3141M Assessee By S/Shri Rajnish Vohra, Chetan Khandelwal & Nitesh Dawira, Ld. Ars Revenue By Shri P.K. Mishra, Cit Dr Date Of Hearing 24.05.2023 Date Of Pronouncement 17.08.2023

30,000/- and worked LTCG at Rs. 40,72,400/-. However, assessee deposited Rs. 62,00,000/- in capital gain account scheme in the bank. Subsequently assessee purchased a new residential house for Rs. 2,02,15,584/- on 19.08.2016, thus assessee has invested in new residential property more than the sale consideration adopted by the stamp duty valuation authorities

SATYANARAYAN SHARMA,INDORE vs. PRINCIPAL COMMISSIONER OF INCOME TAX-I, INDORE

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

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year:2013-14

30,044 out of which Rs. 3,75,152 was already reported in the return and balance Rs. 6,54,892 was added while making the assessment 4. Ld. AO allowed the claim on being satisfied with the explanation of assessee, on an enquiry made during the course of assessment proceedings. Thus, the decision of Ld. AO cannot be held

SHRI ISHWAR PATEL,DHAR vs. THE ITO, DHAR

In the result, ground no. 4 in both the years are also

Bench: Shri Kul Bharat & Shri Manish Borad

section 148 of the Act dated 18.1.2000 was issued and duly served upon the assessee. In compliance, the assessee filed the return of income on 3.3.2000 disclosing income from house property at Rs. 30

SHRI ISHWAR PATEL,DHAR vs. THE ITO, DHAR

In the result, ground no. 4 in both the years are also

Bench: Shri Kul Bharat & Shri Manish Borad

section 148 of the Act dated 18.1.2000 was issued and duly served upon the assessee. In compliance, the assessee filed the return of income on 3.3.2000 disclosing income from house property at Rs. 30