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

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

37,10,000/- considered for the purpose of addition made under Section 68 of the Act, stood reconciled against different sale deeds executed by the assessee. Once registered sale deeds had been executed by the assessee and the cash credit entries found standing in the books of account of the assessee during the previous year relevant to the Assessment Year

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

Appeals are allowed

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

37,000/- is payable before 30th June 2007 and construction cost is payable as per schedule given herewith in clause No. 4. XXX WHEREAS The second party after completing the construction and receiving the full amount of consideration will hand over the possession of the land and the house to the second party. WHEREAS The second party will not claim

NEERA KOTWANI,BHOPAL vs. THE PR CIT -1, BHOPAL

In the result, this appeal of assessee is allowed

Bench: Ms. Madhumita Roy & Shri B.M. Biyani

37. Thus, the property on the date of transfer i.e. 02.01.2015 was not owned by assessee. Later on the agreement was cancelled due to insolvency proceedings of Seller and Builder – M/s AG8 Ventures Ltd. (ii) Flat at Pune – This property was wrongly taken under the head Fixed Asset schedule of Assessee’s Balance-Sheet, it actually belongs to the Mother

ANIL KUMAR GUPTA,BHOPAL vs. ITO, 4(3), BHOPAL, OFFICE OF ITO BHOPAL

Appeal is allowed for statistical purpose

Property Tax receipts for A.Y. 2015-16, 2016-17, 2017-18 and\n2018-19 (PB 120-123)\nc. An application in this regard is pressed before your honours. It is\ntherefore prayed that the additional evidences which are clinching\nevidences; and supporting the stand of the assessee that a\nresidential house was let out may kindly be taken on record

SHRI SHALIGRAM BAROD, ,INDORE vs. PR. CIT-1, INDORE

Bench: Hon'Ble Manish Borad & Hon'Ble’ Madhumita Royassessment Year:2014-15 Shri Shaligram Barod, Pr. Cit-I, Ah/29, Hig, Sukhliya Indore बनाम/ Indore Vs. (Appellant) (Respondent ) P.A. No. Ahfpp4068H Appellant By Shri S.N. Agrawal, Ca Revenue By Shri S.B. Prasad, Cit-Dr

property took place during the AY 2014-15., however while determining sale consideration, you have adopted the value of sale agreement (l.e. Rs.97,65,0001-.) which was entered into during the AY2012~}3. However, as per sale deed and also as per the stamp duty authorities rate consideration is Rs. 1,30,20,000/-. The AO ought to have taken

VAISHALI DEVELOPERS ANDBUILDERS,BHOPAL vs. INCOME TAX OFFICER 1 (2), BHOPAL

Appeals are allowed

37,000/- is payable before 30th June 2007 and construction\ncost is payable as per schedule given herewith in clause No. 4.\nXXX\nWHEREAS\nThe second party after completing the construction and receiving the full\namount of consideration will hand over the possession of the land and\nthe house to the second party.\nWHEREAS\nThe second party will not claim

THE ACIT, CENTRAL-2, INDORE vs. SHRI MOHANLAL CHUGH, INDORE

In the result, the appeals of the Revenue for the A

Bench: Shri Rajpal Yadav Hon'Ble & Shri Manish Borad(Virtual Hearing)

37 Mohanlal Chugh & others evidences furnished by the assessee. We also find that the Assessing Officer has also not brought any corroborative evidence or material on record to establish that the construction of the house got completed at any time earlier than that claimed by the assessee. We further find that the assessee has also challenged the DVO’s report

THE ACIT, CENTRAL-2, INDORE vs. SHRI NITESH CHUGH, INDORE

In the result, the appeals of the Revenue for the A

Bench: Shri Rajpal Yadav Hon'Ble & Shri Manish Borad(Virtual Hearing)

37 Mohanlal Chugh & others evidences furnished by the assessee. We also find that the Assessing Officer has also not brought any corroborative evidence or material on record to establish that the construction of the house got completed at any time earlier than that claimed by the assessee. We further find that the assessee has also challenged the DVO’s report

THE ACIT, CENTRAL-2, INDORE vs. M/S. CHUGH REALTY, INDORE

In the result, the appeals of the Revenue for the A

Bench: Shri Rajpal Yadav Hon'Ble & Shri Manish Borad(Virtual Hearing)

37 Mohanlal Chugh & others evidences furnished by the assessee. We also find that the Assessing Officer has also not brought any corroborative evidence or material on record to establish that the construction of the house got completed at any time earlier than that claimed by the assessee. We further find that the assessee has also challenged the DVO’s report

SEWA SAHKARI SAMMITTEE MARYADIT,BEED, MUNDI KHANDWA vs. PCIT-1, INDORE

In the result, appeal by the assesse is allowed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanisewa Sahkari Sammittee Pr. Cit-2 Maryadit Beed Indore Vs. Beed Mundi Khandwa (Appellant / Assessee) (Revenue) Pan: Aaufs0703N Assessee By Shri Gagan Tiwari, Ar Revenue By Ms. Simran Bhullar, Cit-Dr Date Of Hearing 05.10.2023 Date Of Pronouncement 30.10.2023

37 & 38 as under: Page 9 of 32 Sewa Sahakari Sammittee Maryadit Beed Page 10 of 32 Page 10 of 32 Sewa Sahakari Sammittee Maryadit Beed Page 11 of 32 9. The AO has asked the assesse to furnish the details, documents books of account, bank account statement and income tax return computation of income audit report

THE ACIT (CENTRAL)-I, BHOPAL vs. M/S. D.K. CONSTRUCTION, BHOPAL

Appeal is allowed

Bench: Ms. Suchitra R. Kamble & Shri Bhagirath Mal Biyani

37 & 24/Ind/2022 - AY. 2012-13 to 2014-15 & 2017-18 (i) XXX (ii) the date of completion of construction of the housing project shall be taken to be the date on which the completion certificate in respect of such housing project is issued by the local authority.” Analyzing this, the Ld. DR argued that the body of section clearly prescribes

M/S. D.K. CONSTRUCTION,BHOPAL vs. THE ACIT, 2(1), BHOPAL

Appeal is allowed

Bench: Ms. Suchitra R. Kamble & Shri Bhagirath Mal Biyani

37 & 24/Ind/2022 - AY. 2012-13 to 2014-15 & 2017-18 (i) XXX (ii) the date of completion of construction of the housing project shall be taken to be the date on which the completion certificate in respect of such housing project is issued by the local authority.” Analyzing this, the Ld. DR argued that the body of section clearly prescribes

THE ACIT (CENTRAL)-I, BHOPAL vs. M/S. D.K. CONSTRUCTION, BHOPAL

Appeal is allowed

Bench: Ms. Suchitra R. Kamble & Shri Bhagirath Mal Biyani

37 & 24/Ind/2022 - AY. 2012-13 to 2014-15 & 2017-18 (i) XXX (ii) the date of completion of construction of the housing project shall be taken to be the date on which the completion certificate in respect of such housing project is issued by the local authority.” Analyzing this, the Ld. DR argued that the body of section clearly prescribes

THE ACIT (CENTRAL)-I, BHOPAL vs. M/S. D.K. CONSTRUCTION, BHOPAL

Appeal is allowed

Bench: Ms. Suchitra R. Kamble & Shri Bhagirath Mal Biyani

37 & 24/Ind/2022 - AY. 2012-13 to 2014-15 & 2017-18 (i) XXX (ii) the date of completion of construction of the housing project shall be taken to be the date on which the completion certificate in respect of such housing project is issued by the local authority.” Analyzing this, the Ld. DR argued that the body of section clearly prescribes

THE ACIT (CENTRAL)-I, BHOPAL vs. M/S. D.K. CONSTRUCTION, BHOPAL

Appeal is allowed

Bench: Ms. Suchitra R. Kamble & Shri Bhagirath Mal Biyani

37 & 24/Ind/2022 - AY. 2012-13 to 2014-15 & 2017-18 (i) XXX (ii) the date of completion of construction of the housing project shall be taken to be the date on which the completion certificate in respect of such housing project is issued by the local authority.” Analyzing this, the Ld. DR argued that the body of section clearly prescribes

HARVIDER SINGH KALRA,UJJAIN vs. THE ITO1(1), UJJAIN

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniassessment Year : 2014-15 Shri Harvinder Singh Ito, Kalra, 1(1), बनाम/ Agar Road, Ujjain Ganesh Nagar, Vs. Ujjain (Assessee / Appellant) (Revenue / Respondent) Pan: Ahipk9285C Assessee By Shri S.S.Deshpande, Ca Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 26.09.2023 Date Of Pronouncement 03.10.2023

37,171/- chargeable in the hands of assessee. After selling impugned property, the assessee purchased two residential properties, namely Ruby Vila No. 4 for Rs. 31,64,050/- (1/3rd of 94,92,150/-) and Ruby Villa No. 6 for Rs. 35,78,150/- and on the strength of investment, the assessee claimed exemption u/s 54F. However, the AO denied benefit

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

37 to 40 of Paper-Book), the assessee submitted to AO that two properties were sold, one for Rs. 40,30,000/- and other for Rs. 25,00,000/-. In 1st property, both of the sale consideration and stamps authority valuation were same at Rs. 40,30,000/- and hence there was no difference. In 2nd property, the sale consideration

JAYA JUNEJA,INDORE vs. INCOME TAX OFFICER WARD 1(4), INDORE

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

Bench: Shri Siddhartha Nautiyal & Shri Bhagirath Mal Biyani

37,23,750/-, the Assessing Officer initiated proceedings under section 148A of the Act. In response to the notice under section 148, the assessee filed a return of income on 26.04.2022 declaring the same income and capital loss as declared in the original return. During the reassessment proceedings the Assessing Officer was not satisfied with the explanations furnished

INDORE DEVELOPMENT AUTHORITY ,INDORE vs. DCIT (EXEMPTION CIRCLE), BHOPAL

Appeals are allowed and revenue’s appeals

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

housing projects, other development project from the Government assessee is also casted with the responsibility of incurring expenditure on the public utility programs. The assessee is able to earn profits because the State Government give the benefit of providing powers to acquire urban and rural land for various projects at concessional rates. Government is able to gets land at concessional