THE ACIT , RATLAM vs. SHRI KAPIL JAIN, RATLAM

In the result appeal of the revenue No

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

194/-. As per the provision of section 115JC to 11SJF are as under:- i) AMT are applicable for Individual, HUF, AOP, BOI~ etc. from assessment year 2013-14 onwards if adjusted total income exceeds Rs, 20,00,000/-. ii) Adjusted total income is net income or total income of the non-corporate assessee increased by: Amount claimed as deduction

THE ACIT , RATLAM vs. SHRI KAPIL JAIN, RATLAM

In the result appeal of the revenue No

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

194/-. As per the provision of section 115JC to 11SJF are as under:- i) AMT are applicable for Individual, HUF, AOP, BOI~ etc. from assessment year 2013-14 onwards if adjusted total income exceeds Rs, 20,00,000/-. ii) Adjusted total income is net income or total income of the non-corporate assessee increased by: Amount claimed as deduction

AMIT ASHOK AGRAWAL,INDORE vs. ITO-2(2), INDORE

In the result, the quantum appeal of assessee is partly allowed for statistical purposes and penalty appeal of assesse is allowed

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

194,465.80 ₹ Trading of Shares payment 100,000.00 ₹ Cash-in-Hand withdrawn (Citibank) 1,033,000.00 ₹ Credit Card Bills Paid 266,820.40 ₹ LIC Paid (For Self & Family Members) 739,161.00 ₹ College Fees of Sister 75,000.00 ₹ Mutual Funds Subscribed 345,000.00 ₹ Misc Expenses 163,098.67 ₹ TOTAL 4,958,545.87 It would be clear from perusal of the above tables that

AMIT ASHOK AGRAWAL,INDORE vs. ITO-2(2), INDORE

In the result, the quantum appeal of assessee is partly allowed for statistical purposes and penalty appeal of assesse is allowed

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

194,465.80 ₹ Trading of Shares payment 100,000.00 ₹ Cash-in-Hand withdrawn (Citibank) 1,033,000.00 ₹ Credit Card Bills Paid 266,820.40 ₹ LIC Paid (For Self & Family Members) 739,161.00 ₹ College Fees of Sister 75,000.00 ₹ Mutual Funds Subscribed 345,000.00 ₹ Misc Expenses 163,098.67 ₹ TOTAL 4,958,545.87 It would be clear from perusal of the above tables that

M/S. SOM DISTILLERIES & BREWERIES LTD.,BHOPAL vs. THE ACIT, 1(2), BHOPAL

In the result Ground No.2 of the revenue is allowed for

Bench: Hon'Ble Kul Bharat & Hon'Ble Manish Boradassessment Year 2012-13 Pan : Aabcs3374B

194 J of the Act on Royalty paid at Rs.7,96,79,206/- to United Breweries Ltd. Ld. CIT(A) deleted this addition after following various judgments setting aside the issue to the file of Ld. A.O for examining the fact that whether the payee i.e. United Breweries Ltd has offered the royalty income of Rs.7

DEPUTY COMMISSIONER OF INCOME TAX 1(1) , BHOPAL vs. M/S. SOM DISTILLERIES & BREWERIES LTD., BHOPAL

In the result Ground No.2 of the revenue is allowed for

Bench: Hon'Ble Kul Bharat & Hon'Ble Manish Boradassessment Year 2012-13 Pan : Aabcs3374B

194 J of the Act on Royalty paid at Rs.7,96,79,206/- to United Breweries Ltd. Ld. CIT(A) deleted this addition after following various judgments setting aside the issue to the file of Ld. A.O for examining the fact that whether the payee i.e. United Breweries Ltd has offered the royalty income of Rs.7

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

Penalty proceeding u/s 271AAC is also initiated separately. 6. The AO has applied the provision of section 69B of the Act for want of any supporting evidence regarding source of excess stock and nature of income which was not found recorded in the books of account at the time of survey. On appeal the Ld. CIT(A) has confirmed

ACIT-1(1), INDORE vs. KRITI NUTRIENTS LIMITED, INDORE

The appeal of the Revenue is allowed for statistical\npurposes

194 (MP)\nIn this case, adhoc disallowances @ 10% was made by the\nAO out of operating expenses, cost of material consumed,\nemployees benefit and other expenses debited to profit and\nloss account at Rs.3,79,85,854/- was deleted by Hon’ble\nTribunal and confirmed by their Lordships of High Court vide\npara 19 and 20 of the order. [Copies