M/S SHREE COAL ENTERPRISES (I) PVT. LTD.,BHOPAL vs. THE ACIT 3(1), BHOPAL

In the result, all the 12 appeals filed at the instance of

Bench: Shri Kul Bharat & Shri Manish Borad

unexplained investment under section 69 of the Act. In view of the above findings, we are of the considered view that penalty is not leviable even on the facts of the case of the assessee company and it is not a case where there was any detection of income by the authorities below prior to the declaration of income

M/S KETI SANGAM INFRASTRUCTURE (I) LTD.,INDORE vs. THE DCIT (CENTRAL), INDORE

In the result, all the 12 appeals filed at the instance of

Bench: Shri Kul Bharat & Shri Manish Borad

unexplained investment under section 69 of the Act. In view of the above findings, we are of the considered view that penalty is not leviable even on the facts of the case of the assessee company and it is not a case where there was any detection of income by the authorities below prior to the declaration of income

M/S KETI SANGHAM INFRASTRUTURE (I) LIMITED,INDORE vs. DEPUTY COMMISSIONER OF INCOME TAX (CENTRAL), INDORE

In the result, all the 12 appeals filed at the instance of

Bench: Shri Kul Bharat & Shri Manish Borad

unexplained investment under section 69 of the Act. In view of the above findings, we are of the considered view that penalty is not leviable even on the facts of the case of the assessee company and it is not a case where there was any detection of income by the authorities below prior to the declaration of income

M/S INDUSTRIAL FILTERS AND FABRICS PVT. LTD.,INDORE vs. THE ACIT 5(1), INDORE

In the result, the appeals filed by the assessee

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2007-08

unexplained cash credits in the form of share application money received the charge was clearly mentioned while recording satisfaction for initiating penalty. The relevant para no. 2.9 of the assessment order reads as under: 5." Since inaccurate particulars of income furnished penalty proceedings u/s 271

M/S INDUSTRIAL FILTERS AND FABRICS PVT. LTD.,INDORE vs. THE ADDL. CIT- RANGE-5, INDORE

In the result, the appeals filed by the assessee

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2007-08

unexplained cash credits in the form of share application money received the charge was clearly mentioned while recording satisfaction for initiating penalty. The relevant para no. 2.9 of the assessment order reads as under: 5." Since inaccurate particulars of income furnished penalty proceedings u/s 271

M/S INDUSTRIAL FILTERS & FABRICS PRIVATE LIMITED,INDORE vs. THE ACIT-2(1), INDORE

In the result, the appeals filed by the assessee

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2007-08

unexplained cash credits in the form of share application money received the charge was clearly mentioned while recording satisfaction for initiating penalty. The relevant para no. 2.9 of the assessment order reads as under: 5." Since inaccurate particulars of income furnished penalty proceedings u/s 271

M/S INDUSTRIAL FILTERS & FABRICS PRIVATE LIMITED,INDORE vs. THE ACIT 2(1), INDORE

In the result, the appeals filed by the assessee

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2007-08

unexplained cash credits in the form of share application money received the charge was clearly mentioned while recording satisfaction for initiating penalty. The relevant para no. 2.9 of the assessment order reads as under: 5." Since inaccurate particulars of income furnished penalty proceedings u/s 271

M/S INDUSTRIAL FILTERS & FABRICS PRIVATE LIMITED,INDORE vs. THE ACIT 2(1), INDORE

In the result, the appeals filed by the assessee

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2007-08

unexplained cash credits in the form of share application money received the charge was clearly mentioned while recording satisfaction for initiating penalty. The relevant para no. 2.9 of the assessment order reads as under: 5." Since inaccurate particulars of income furnished penalty proceedings u/s 271

M/S INDUSTRIAL FILTERS & FABRICS PVT.LTD.,INDORE vs. THE JCIT, R-5 (PRESENT AO: DCIT 2(1), INDORE

In the result, the appeals filed by the assessee

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2007-08

unexplained cash credits in the form of share application money received the charge was clearly mentioned while recording satisfaction for initiating penalty. The relevant para no. 2.9 of the assessment order reads as under: 5." Since inaccurate particulars of income furnished penalty proceedings u/s 271

M/S INDUSTRIAL FILTERS & FABRICS PRIVATE LIMITED,INDORE vs. THE ACIT 2(1), INDORE

In the result, the appeals filed by the assessee

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2007-08

unexplained cash credits in the form of share application money received the charge was clearly mentioned while recording satisfaction for initiating penalty. The relevant para no. 2.9 of the assessment order reads as under: 5." Since inaccurate particulars of income furnished penalty proceedings u/s 271

PREM CHAWLA LEGAL HEIR OF LATE SMT. SUDESH CHAWLA,BHOPAL vs. ASSISTANT COMMISSIONER OF INCOME TAX-1(1), BHOPAL, BHOPAL

Appeals of the assessee are allowed mutatis mutandis

Bench: Shri Bhagirath Mal Biyani & Shri Paresh M Joshimember

unexplained and hence, added as income from undisclosed sources u/s 69 of the Income Tax Act. Sir, as already stated, the assessee maintains regular and proper books of accounts and the balance sheet in which the said security deposits appear was attached alongwith the original return as well as with the return filed u/s 153A. Sir, all the security deposits

PREM CHAWLA,BHOPAL vs. ASSISTANT COMMISSIONER OF INCOME TAX-1(1), BHOPAL, BHOPAL

Appeals of the assessee are allowed mutatis mutandis

Bench: Shri Bhagirath Mal Biyani & Shri Paresh M Joshimember

unexplained and hence, added as income from undisclosed sources u/s 69 of the Income Tax Act. Sir, as already stated, the assessee maintains regular and proper books of accounts and the balance sheet in which the said security deposits appear was attached alongwith the original return as well as with the return filed u/s 153A. Sir, all the security deposits

PREM CHAWLA LEGAL HEIR OF LATE SMT. SUDESH CHAWLA,BHOPAL vs. ASSISTANT COMMISSIONER OF INCOME TAX-1(1), BHOPAL, BHOPAL

Appeals of the assessee are allowed mutatis mutandis

Bench: Shri Bhagirath Mal Biyani & Shri Paresh M Joshimember

unexplained and hence, added as income from undisclosed sources u/s 69 of the Income Tax Act. Sir, as already stated, the assessee maintains regular and proper books of accounts and the balance sheet in which the said security deposits appear was attached alongwith the original return as well as with the return filed u/s 153A. Sir, all the security deposits

PREM CHAWLA LEGAL HEIR OF LATE SMT. SUDESH CHAWLA,BHOPAL vs. ASSISTANT COMMISSIONER OF INCOME TAX-1(1), BHOPAL, BHOPAL

Appeals of the assessee are allowed mutatis mutandis

Bench: Shri Bhagirath Mal Biyani & Shri Paresh M Joshimember

unexplained and hence, added as income from undisclosed sources u/s 69 of the Income Tax Act. Sir, as already stated, the assessee maintains regular and proper books of accounts and the balance sheet in which the said security deposits appear was attached alongwith the original return as well as with the return filed u/s 153A. Sir, all the security deposits

PREM CHAWLA,BHOPAL vs. ASSISTANT COMMISSIONER OF INCOME TAX-1(1), BHOPAL, BHOPAL

Appeals of the assessee are allowed mutatis mutandis

Bench: Shri Bhagirath Mal Biyani, Accountant\Nmember\Nand\Nshri Paresh M Joshimember\Nita Nos.673 To 679/Ind/2024\N Assessment Years: 2000-2001 To 2006-2007\Nprem Chawla,\Ng-2/161, Gulmohar\Ncolony,\Nbhopal\N(Assessee/Appellant)\Nacit-1(1),\Nbhopal\Nबनाम /\Nvs.\N(Revenue/Respondent)\Npan: Aaopc3494N\Nassessee By Shri S.S. Deshpande, Ar\Nrevenue By Shri Ashish Porwal, Sr. Dr\Ndate Of Hearing\N19.03.2025\Ndate Of Pronouncement\N07.

unexplained and hence,\nadded as income from undisclosed sources u/s 69 of the\nIncome Tax Act. Sir, as already stated, the assessee\nmaintains regular and proper books of accounts and the\nbalance sheet in which the said security deposits appear\nwas attached alongwith the original return as well as with\nthe return filed u/s 153A. Sir, all the security deposits

PREM CHAWLA LEGAL HEIR OF LATE SMT. SUDESH CHAWLA,BHOPAL vs. ASSISTANT COMMISSIONER OF INCOME TAX-1(1), BHOPAL, BHOPAL

Appeals of the assessee are allowed mutatis mutandis

Bench: Shri Bhagirath Mal Biyani, Accountant\Nmember\Nand\Nshri Paresh M Joshimember\N\Nita Nos.673 To 679/Ind/2024\N Assessment Years: 2000-2001 To 2006-2007\Nprem Chawla,\Ng-2/161, Gulmohar\Ncolony,\Nbhopal\N(Assessee/Appellant)\Nacit-1(1),\Nbhopal\Nबनाम /\Nvs.\N(Revenue/Respondent)\N\Npan: Aaopc3494N\Nassessee By Shri S.S. Deshpande, Ar\Nrevenue By Shri Ashish Porwal, Sr. Dr\Ndate Of Hearing 19.03.2025\Ndate Of Pronouncement 07.

unexplained and hence,\nadded as income from undisclosed sources u/s 69 of the\nIncome Tax Act. Sir, as already stated, the assessee\nmaintains regular and proper books of accounts and the\nbalance sheet in which the said security deposits appear\nwas attached alongwith the original return as well as with\nthe return filed u/s 153A. Sir, all the security deposits

PREM CHAWLA,BHOPAL vs. ASSISTANT COMMISSIONER OF INCOME TAX-1(1), BHOPAL, BHOPAL

Appeals of the assessee are allowed mutatis mutandis

Bench: Shri Bhagirath Mal Biyani, Accountant\Nmember\Nand\Nshri Paresh M Joshimember\N\Nita Nos.673 To 679/Ind/2024\N Assessment Years: 2000-2001 To 2006-2007\Nprem Chawla,\Nacit-1(1),\Ng-2/161, Gulmohar\Nbhopal\Ncolony,\Nbhopal\Nबनाम /\Nvs.\N(Assessee/Appellant)\N(Revenue/Respondent)\Npan: Aaopc3494N\Nassessee By Shri S.S. Deshpande, Ar\Nrevenue By Shri Ashish Porwal, Sr. Dr\Ndate Of Hearing\N19.03.2025\Ndate Of Pronouncement\N07.

unexplained and hence,\nadded as income from undisclosed sources u/s 69 of the\nIncome Tax Act. Sir, as already stated, the assessee\nmaintains regular and proper books of accounts and the\nbalance sheet in which the said security deposits appear\nwas attached alongwith the original return as well as with\nthe return filed u/s 153A. Sir, all the security deposits

PREM CHAWLA,BHOPAL vs. ASSISTANT COMMISSIONER OF INCOME TAX-1(1), BHOPAL, BHOPAL

Appeals of the assessee are allowed mutatis mutandis

unexplained and hence,\nadded as income from undisclosed sources u/s 69 of the\nIncome Tax Act. Sir, as already stated, the assessee\nmaintains regular and proper books of accounts and the\nbalance sheet in which the said security deposits appear\nwas attached alongwith the original return as well as with\nthe return filed u/s 153A. Sir, all the security deposits