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)

unexplained investment made in house property. 11.1 Being aggrieved, the assessee filed an appeal before the Ld. CIT(A). The Ld. CIT(A), at para

DCIT- (CENTRAL)-3, INDORE vs. MRS. JATINDER KAUR BHATIA, KHANDWA

Appeals are dismissed and assessee’s

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

unexplained investment in construction of house. 15. The precise facts apropos to this issue are such during assessment- proceeding, the AO made a reference to Departmental Valuation Officer (DVO) u/s 142A for determining investment made by assessee in a house property

MRS. JATINDER KAUR BHATIA,KHANDWA vs. ACIT- (CENTRAL) UJJAIN, UJJAIN

Appeals are dismissed and assessee’s

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

unexplained investment in construction of house. 15. The precise facts apropos to this issue are such during assessment- proceeding, the AO made a reference to Departmental Valuation Officer (DVO) u/s 142A for determining investment made by assessee in a house property

DCIT- (CENTRAL)-3, INDORE vs. MRS. JATINDER KAUR BHATIA, KHANDWA

Appeals are dismissed and assessee’s

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

unexplained investment in construction of house. 15. The precise facts apropos to this issue are such during assessment- proceeding, the AO made a reference to Departmental Valuation Officer (DVO) u/s 142A for determining investment made by assessee in a house property

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)

unexplained investment u/s 69 of the IT Act in construction of house, without appreciating that : a) In the case law relied by him Abeeson Hotels P.Ltd., (2004) 191 CTR 263 (M P), the Hon'ble Court has granted relief when DVO’s valuation is within 10% of the assessee’s valuation, while the Ld. CIT(A) has compared his Page

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)

unexplained investment u/s 69 of the IT Act in construction of house, without appreciating that : a) In the case law relied by him Abeeson Hotels P.Ltd., (2004) 191 CTR 263 (M P), the Hon'ble Court has granted relief when DVO’s valuation is within 10% of the assessee’s valuation, while the Ld. CIT(A) has compared his Page

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

unexplained investment. Before the Id. CIT(A), the arguments. were put forward that the cash advances were given for the purchase of the property which was cancelled and on cancellation the cheques were received from the party. It was further submitted that the assessee has filed a complaint for the offence u/s 138 r.w.s. 420 of IPC. It was further

LATE SHRI JITENDRA KUMAR BHASNE THROUGH LEGAL HEIR SMT. BHARTI BHASNE,BHOPAL vs. THE ACIT 2(1), BHOPAL

In the result, the appeals in IT(SS)A Nos

Bench: Shri T.R. Senthil Kumar (Judicial Member), Shri B.M. Biyani (Accountant Member)

house property. There was a search and seizure operation u/s. 132(1) of the Act was conducted in the residential premises on 26.02.2009. 2.1. During the course of search, cash of Rs. 3,93,800/- was found and out of that Rs. 3,53,300/- was seized. There were jewelries of Gold and Silver were found in the residential premises

SMT. BHARTI BHASNE,BHOPAL vs. THE ACIT 2(1), BHOPAL

In the result, the appeals in IT(SS)A Nos

Bench: Shri T.R. Senthil Kumar (Judicial Member), Shri B.M. Biyani (Accountant Member)

house property. There was a search and seizure operation u/s. 132(1) of the Act was conducted in the residential premises on 26.02.2009. 2.1. During the course of search, cash of Rs. 3,93,800/- was found and out of that Rs. 3,53,300/- was seized. There were jewelries of Gold and Silver were found in the residential premises

ANIL FIROJIYA,BHAKT NAGAR UJJAIN vs. DY COMMISIONER OF INCOME TAX, AAYKAR BHAWAN

Appeal is allowed for statistical purpose

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniassessment Year: 2018-19 Shri Anil Firojiya, Dy. Commissioner Of 6, Bhakt Nagar, Income-Tax, बनाम/ Dashera Maidan, Assessment Unit, Vs. Ujjain New Delhi (Assessee/Appellant) (Revenue/Respondent) Pan: Aaipf7302A Assessee By Shri Manoj Fadnis, Ca Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 04.07.2024 Date Of Pronouncement 12.07.2024

unexplained investment of Rs. 10,29,672/- towards construction of the house-property under consideration for the F.Y. 2017-18 relevant

M/S SUPREMO INDIA LTD ,INDORE vs. THE AIT CENTRAL 3, INDORE

In the result, appeal of assessee is allowed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanim/S. Supremo India Pvt. Ltd. Acit Central-3 400/2, Halka Patwari No.52 Indore Vs. Badiakeema Dudhiya, B.O. Indore (Appellant / Assessee) (Respondent/ Revenue) Pan: Aafcs 9822 C Assessee By Shri S.S. Solanki, Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 01.05.2023 Date Of Pronouncement 07.06.2023

investment in excess stock remain unexplained, deeming fiction of 698 applies. Plea of the assessee that he has no other source of income is also not found tenable unless corroborative evidences are produced by the assessee to establish the same as income from business transactions for the year under consideration. 4.2.4 Even if the assessee offers the same suo moto

M/S BANSAL EXTRACTION & EXPORT P LTD,BHOPAL vs. DCIT,CENTRAL-1, BHOPAL

In the result, the appeal of assessee is dismissed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanim/S. Bansal Extraction & Dcit Export Pvt. Ltd. Central-1 3Rd Floor Tawa Complex, Bittan Bhopal Vs. Market E-4, Arera Colony, Bhopal (Appellant / Assessee) (Revenue) Pan: Aadcb 7521 M Assessee By Shri Anil Khabya, Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 05.09.2023 Date Of Pronouncement 20.09.2023

house property, profits and gains of business or profession, or capital gains, nor is it income from "other sources" because the provisions of Sections 69, 694, 69B and 69C treat unexplained investments

SHOUKAT MOHD. KHAN,BHOPAL vs. ITO 4(2), BHOPAL

Bench: Shri B.M. Biyani & Shri Udayan Das Guptaassessment Year: 2012-13 Shoukat Mohd. Khan, Ito 4(2), H.No.1, Street No.1, Bhopal Chhawani, बनाम/ Near Bharat Talkies, Vs. Bhopal (Assessee/Appellant) (Revenue/Respondent) Pan: Avnpk4460E Assessee By Shri Manish Vaidya & Ms. Preeti Patwa, Ars Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 28.01.2025 Date Of Pronouncement 03.02.2025

unexplained investment in a residential house at HIG-HA-68, NRI Colony, Lake View, Koh-e-fiza, Bhopal, and (ii) denial of exemption of Rs. 38,41,924/- claimed by assessee u/s 54/54F against long-term capital gain from sale of another property

MAYANK TIWARI,INDORE vs. ITO-3(2), INDORE

Appeal is allowed for statistical purpose

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniassessment Year: 2017-18 Shri Mayank Tiwari, Income-Tax Officer, 54, Anoop Nagar, 3(2), A.B. Road, Indore. बनाम/ Indore. Vs. (Assessee/Appellant) (Revenue/Respondent) Pan: Ahvpt0169P Assessee By Shri Harsh Vijayvargiya, Ca & Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 08.05.2024 Date Of Pronouncement 09.05.2024

House Property” on account of deduction of interest on loan taken from bank and (ii) an addition of Rs. 21,39,708/- on account of unexplained investment

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

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

property (Jangam Milkiyat) and in assessment year 1990-91 Rs. One lakh has been surrendered by Shri N.P. Panjwani on account of the investment in household goods. Further Rs. 50,000/- has been surrendered in assessment year 1992-93 on account of cash recovered at the time of search and in this year Rs. 2,00,000/- has been surrendered

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

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

property (Jangam Milkiyat) and in assessment year 1990-91 Rs. One lakh has been surrendered by Shri N.P. Panjwani on account of the investment in household goods. Further Rs. 50,000/- has been surrendered in assessment year 1992-93 on account of cash recovered at the time of search and in this year Rs. 2,00,000/- has been surrendered

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

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

property (Jangam Milkiyat) and in assessment year 1990-91 Rs. One lakh has been surrendered by Shri N.P. Panjwani on account of the investment in household goods. Further Rs. 50,000/- has been surrendered in assessment year 1992-93 on account of cash recovered at the time of search and in this year Rs. 2,00,000/- has been surrendered

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

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

property (Jangam Milkiyat) and in assessment year 1990-91 Rs. One lakh has been surrendered by Shri N.P. Panjwani on account of the investment in household goods. Further Rs. 50,000/- has been surrendered in assessment year 1992-93 on account of cash recovered at the time of search and in this year Rs. 2,00,000/- has been surrendered