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

money. It is settled law that the financial worth of a company could not be judged with its income but one has to see that how many funds is available Pramod Kumar Sethi I.T.A. No. 382 & 383/Ind/14 with it in the bank account at the time of advancing loan. 21.It was also contention of Ld. Authorized Representative that

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

house property at Rs. 48,000/- for both the years. We find no reason to interfere with the findings of the learned CIT(A) and confirm the same. 11. In the result, ground no. 2 for both the years is dismissed. 12. Now we shall take up common ground no. 3 relating to unexplained income

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

house property at Rs. 48,000/- for both the years. We find no reason to interfere with the findings of the learned CIT(A) and confirm the same. 11. In the result, ground no. 2 for both the years is dismissed. 12. Now we shall take up common ground no. 3 relating to unexplained income

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)

house property without appreciating the facts and evidences brought into light by the AO during assessment proceedings.” Grounds of appeal in IT(SS)ANo.22/Ind/2017, Shri Nitesh Chugh 1. “On the facts and in the circumstances of the case the Ld. CIT(A) erred in deleting the addition Rs.2,08,00,000/- made by the AO on account of on-money

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)

house property without appreciating the facts and evidences brought into light by the AO during assessment proceedings.” Grounds of appeal in IT(SS)ANo.22/Ind/2017, Shri Nitesh Chugh 1. “On the facts and in the circumstances of the case the Ld. CIT(A) erred in deleting the addition Rs.2,08,00,000/- made by the AO on account of on-money

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)

house property without appreciating the facts and evidences brought into light by the AO during assessment proceedings.” Grounds of appeal in IT(SS)ANo.22/Ind/2017, Shri Nitesh Chugh 1. “On the facts and in the circumstances of the case the Ld. CIT(A) erred in deleting the addition Rs.2,08,00,000/- made by the AO on account of on-money

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)

money u/s 69A r.w.s. 115BBE of Income-tax Act, 1961. 3. That the impugned order so passed in this regard by Ld. AO and Ld. CIT(A) is illegal, and wrong. Revenue’s Appeals: IT(SS)A No.24/Ind/2023 - A.Y. 2013-14: 1. Whether on the facts and in the circumstances of the case

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)

money u/s 69A r.w.s. 115BBE of Income-tax Act, 1961. 3. That the impugned order so passed in this regard by Ld. AO and Ld. CIT(A) is illegal, and wrong. Revenue’s Appeals: IT(SS)A No.24/Ind/2023 - A.Y. 2013-14: 1. Whether on the facts and in the circumstances of the case

SHRI NARENDRA TRIPATHI,BHOPAL vs. THE DCIT-CENTRAL-1, BHOPAL

In the result the appeal of the assessee for Assessment Year

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

unexplained investment in purchase of plot from housing society without accepting the explanation offered by the assessee that the said plot was purchased in AY 2006-07 i.e. beyond the block period and only registry was executed in the year and during the course of search, no any incriminating documents was found from which it could be established that

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

house property. The DVO then proceeded in the matter and issued notice dated 25.01.2018 to assessee calling for certain details and documents and also supplied a format. In response, the assessee filed reply dated 02.02.2018 to DVO giving details and documents including a valuation- report of RV obtained by Bank of India for financing assessee’s property to show that

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

house property. The DVO then proceeded in the matter and issued notice dated 25.01.2018 to assessee calling for certain details and documents and also supplied a format. In response, the assessee filed reply dated 02.02.2018 to DVO giving details and documents including a valuation- report of RV obtained by Bank of India for financing assessee’s property to show that

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

house property. The DVO then proceeded in the matter and issued notice dated 25.01.2018 to assessee calling for certain details and documents and also supplied a format. In response, the assessee filed reply dated 02.02.2018 to DVO giving details and documents including a valuation- report of RV obtained by Bank of India for financing assessee’s property to show that

ANIL DHAKAD,INDORE vs. ASSTT. COMMISSIONER OF INCOME TAX, CENTRAL-I, INDORE, INDORE

In the result, all four appeals of the assessee are allowed

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

unexplained money" received by the appellant against right to ITANo.451 to 454/Ind/2023 Anil Dhakad use business assets ie, petrol pump business owned by the appellant. The nature and source of the receipts the receipts of eipts of Rs. 7,80,000/- was fully explained and not doubted upon either by AO or by the Search Officers as it was evident

ANIL DHAKAD,INDORE vs. ASSTT. COMMISSIONER OF INCOME TAX, CENTRAL-I, LOCATION

In the result, all four appeals of the assessee are allowed

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

unexplained money" received by the appellant against right to ITANo.451 to 454/Ind/2023 Anil Dhakad use business assets ie, petrol pump business owned by the appellant. The nature and source of the receipts the receipts of eipts of Rs. 7,80,000/- was fully explained and not doubted upon either by AO or by the Search Officers as it was evident

ANIL DHAKAD,INDORE vs. AASST. COMMISSIONER OF INCOME TAX, CENTRAL-I, INDORE, INDORE

In the result, all four appeals of the assessee are allowed

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

unexplained money" received by the appellant against right to ITANo.451 to 454/Ind/2023 Anil Dhakad use business assets ie, petrol pump business owned by the appellant. The nature and source of the receipts the receipts of eipts of Rs. 7,80,000/- was fully explained and not doubted upon either by AO or by the Search Officers as it was evident

ANIL DHAKAD,INDORE vs. ASSTT. COMMISSIONER OF INCOME TAX, CENTRAL-I, INDORE, INDORE

In the result, all four appeals of the assessee are allowed

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

unexplained money" received by the appellant against right to ITANo.451 to 454/Ind/2023 Anil Dhakad use business assets ie, petrol pump business owned by the appellant. The nature and source of the receipts the receipts of eipts of Rs. 7,80,000/- was fully explained and not doubted upon either by AO or by the Search Officers as it was evident

SHRI SURENDRA SINGH BHATIA,INDORE vs. THE JCIT-3, INDORE

In the result, assessee’s appeal is allowed

Bench: Ms. Madhumita Roy & Shri Bhagirath Mal Biyani

house property, business etc.. 3.02.2 That, besides admitting the total undisclosed income of 15,89,76,375/-, as aforesaid, during the course of recording the another statement under s. 132(4), of real brother of the appellant namely Shri G.S. Bhatia on 26-10-2007 [kindly refer PB Page No. 43], Shri G.S. Bhatia, on the appellant's request

DR. VINOD BHANDARI,INDORE vs. THE DCIT CIR. 2(1), INDORE

In the result appeal of the assessee is allowed

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2012-13 Shri Vinod Bhandari, Pr. Cit(1), Indore 21- Gf, Bhandari House, Talkies, Scheme No.54, Vs. Vijay Nagar, Indore (Appellant) (Revenue ) Pan No.Abnpb6240M Assessment Year: 2012-13

money etc (Section 69A) amount of investment which fully not disclosed (Section 69B) and unexplained expenditure (Section 69C). In the instant case the assessee has claimed to have earned income from unexplained source which in this case can be treated as unexplained professional receipts since the assessee is a medical practitioner. The unexplained unrecorded income of Rs.7 crores was claimed