ASSISTANT COMMISSIONER OF INCOME TAX (CENTRAL)-1, INDORE vs. SHRI RITESH JAIN, INDORE

Bench: Shri Vijay Pal Rao & Shri B.M. Biyani & It(Ss)Ano.14/Ind/2022 (Assesssment Year 2011-12

search and seizure operations in case of S K Jain group. In these situations, the Courts have held that the Assessing Officer cannot sit back with folded hands and then come forward to merely reject the explanation so made, without carrying out any verification or enquiry into the material placed before him by the assessee. If the Assessing Officer harbours

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

Seizure operation u/s 132 of the I.T. Act was carried out at the residential and business premises of the appellant as well as on the premises of other concerns/business associates of Signature Group on 29.01.2014. Notice u/s 153A of the Act were issued on 12.09.2014. In response to the said notice assessee has filed return of income on 30.11.2014 declaring

MOEBIUS TRADE P LTD, MUMBAI vs. THE ADDITIONAL CIT , DELHI

In the result, appeal of the assessee is allowed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanimoebius Trade Pvt. Ltd. Acit-Ii Resulting Company After Bhopal Merger Of Exotic & Vs. Speciality Fats Pvt. Ltd. Indore (Appellant / Assessee) (Respondent/ Revenue) Pan: Aahcm 4176D Assessee By Shri Ajay Tulsiyan Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 20.12.2023 Date Of Pronouncement 21.12.2023

search and seizure action u/s 132 of the Act in case of the assessee on Page 8 of 10 ITANo.187/Ind/2023 Moebius Trade Pvt. ltd. 18.02.2021 and assessment for the year under consideration was pending on that date consequently the same got abated in view of the second proviso to section 153A(1) which reads as under: “Provided further that assessment

THE ACIT CENTRAL-1, BHOPAL vs. SMT MEENAKSHI SARAIYA, BHOPAL

In the result, appeal of the revenue and CO are dismissed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniacit (Central)- Smt. Meenakshi Saraiya Bhopal E-13/111, Arera Colony Vs. Bhopal (Appellant / Revenue) (Respondent/ Assessee) Pan: Anrps3407K Revenue By Shri Ashish Goyal & N.D. Patwa, Ars Assessee By Shri Ila Parmar, Cit- Dr

seizure proceedings, gold jewellery weighing 154.60 gm valued at Rs. 4,84,915/- ( was found from the residence of the appellant. Further, Gold jewellery weighing 1210.40 gms valued at Rs. 39,40,126/- and silver items weighing 600 gms valuing at Rs. 18,240/- were found from the locker no. 34 maintained with SBI, Personal Banking Branch, Shahpura, Bhopal

SHRI AMIT TIWARI,INDORE vs. THE DCIT (CENTRAL)-2, INDORE

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year:2015-16

search and seizure operation. The Ld CIT (A) confirmed the levy of penalty under section 271AAB of the Income-Tax Act, 1961 without dealing with each ground of appeal raised before him which is neither legal nor proper. A.9] The appellant has therefore preferred an appeal before the Hon’ble Bench against the order

DEPUTY COMMISSIONER OF INCOME TAX 1 (1), BHOPAL vs. SHRI NEERAJ MANDLOI, NEW DELHI

Bench: Hon’Ble Manish Borad & Hon’Ble Madhumita Royassessment Year 2009-10

reassessment was initiated pursuant to search and seizure operation carried out at the premises of third parties wherein certain documents

THE ACIT, 3(1), INDORE vs. M/S. KALANI INDUSTRIES PVT. LTD., INDORE

In the result appeals of the revenue & assessee are

Bench: Shri Kul Bharat & Shri Manish Borad

reassessment was initiated pursuant to search and seizure operation carried out at the premises of third parties wherein certain documents

DCIT, 3(1), INDORE vs. M/S. KALANI INDUSTRIES PVT. LTD., INDORE

In the result appeals of the revenue & assessee are

Bench: Shri Kul Bharat & Shri Manish Borad

reassessment was initiated pursuant to search and seizure operation carried out at the premises of third parties wherein certain documents

DCIT, 3(1), INDORE vs. M/S. KALANI INDUSTRIES PVT. LTD., INDORE

In the result appeals of the revenue & assessee are

Bench: Shri Kul Bharat & Shri Manish Borad

reassessment was initiated pursuant to search and seizure operation carried out at the premises of third parties wherein certain documents

THE DCIT 1(1), INDORE vs. M/S FLEXITUFF INTERNATIONAL LTD., INDORE

In the result appeals of the revenue & assessee are

Bench: Shri Kul Bharat & Shri Manish Borad

reassessment was initiated pursuant to search and seizure operation carried out at the premises of third parties wherein certain documents

SWAPNIL RATHI,INDORE vs. DEPUTY COMMISSIONER OF INCOME TAX 2 (1), INDORE

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

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanishri Swapnil Rathi, Dcit-2(1) 17Bf, Scheme No.74C, Indore Vs. Vilay Nagar, Indore (Appellant / Assessee) (Respondent/ Revenue) Pan: Afwpr 6790 K Assessee By Shri Pankaj Shah & Soumya Bumb, Ars Revenue By Shri P.K. Mishra, Cit-Dr Date Of Hearing 24.05.2023 Date Of Pronouncement 19.07.2023

reassess taking into consideration the other material in respect of completed assessments/unabated assessments. Meaning thereby, in respect of completed/unabated assessments, no addition can be made by the AO in absence of any incriminating material found during the course of search under Section 132 or requisition under Section 132A of the Act, 1961. However, the completed/unabated assessments can be re-opened

SHRI PANKAJ KALANI,INDORE vs. THE JCIT, OSD (CENTRAL)-1, INDORE

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year:2012-13

search and seizure operation. The Ld CIT (A) confirmed the levy of penalty under section 271AAA of the Income-Tax Act, 1961 without dealing with each ground of appeal raised before him which is neither legal nor proper. A.8] The appellant has therefore preferred an appeal before the Hon’ble Bench against the order

SHRI DIPAK KALANI,INDORE vs. THE JCIT,OSD, (CENTRAL)-1, INDORE

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year:2012-13

search and seizure operation. The Ld CIT (A) confirmed the levy of penalty under section 271AAA of the Income-Tax Act, 1961 without dealing with each ground of appeal raised before him which is neither legal nor proper. A.8] The appellant has therefore preferred an appeal before the Hon’ble Bench against the order

M/S SHIVALIKA REALITIES P LTD,INDORE vs. ITO 5(1) , INDORE

In the result of appeals of the assessee for AY 2008-09 and AY 2009-10 vide ITA no

Bench: Hon’Ble Rajpal Yadav & Shri Manish Boradvirtual Hearing Assessment Year: 2008-09 & Assessment Year: 2009-10

Seizure operations u/s. 132 of the Act, were carried out on group of asseessee(s) namely ‘Satellite Group’ on 19-11-2019 and during the course of search at the premises of M/s. Phoenix Devcons Pvt. Ltd., one of the group companies of the Satellite Group, some loose papers, inventorized as Annexure A/3, containing the payment details, aggregating

M/S SHIVALIKA REALITIES P LTD,INDORE vs. ITO 5(1) , INDORE

In the result of appeals of the assessee for AY 2008-09 and AY 2009-10 vide ITA no

Bench: Hon’Ble Rajpal Yadav & Shri Manish Boradvirtual Hearing Assessment Year: 2008-09 & Assessment Year: 2009-10

Seizure operations u/s. 132 of the Act, were carried out on group of asseessee(s) namely ‘Satellite Group’ on 19-11-2019 and during the course of search at the premises of M/s. Phoenix Devcons Pvt. Ltd., one of the group companies of the Satellite Group, some loose papers, inventorized as Annexure A/3, containing the payment details, aggregating

THE DCIT CENTRAL-(1), INDORE vs. M/S AYUSH AJAY CONSTRUCTION PVT. LTD. , INDORE

Bench: Ms. Madhumita Roy & Shri Bhagirath Mal Biyanii.T(Ss).A. Nos.14 To 16/Ind/2018 (Assessment Years: 2007-08 To 2009-10)

seizure operations under Section 132 were carried out on the business as well as residential premises of the Ayushajay Group of Indore including the assessee alongwith other concerns/business associates on 27.08.2014. The assessee is a private limited company engaged in the business of construction, operation and maintenance of infrastructure projects of roads under Government schemes. 4. Consequent to the search

MUKESH KUMAR RANKA,INDORE, MADHYA PRADESH vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, UJJAIN, MADHYA PRADESH

Appeals are allowed

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

seizure action. This is year of search and the financial year would end on 31st March, 2015. However, the assessee disclosed this amount of Rs. 10,02,00,000/- based on the entries in the diary regarding investment in real estate. The due date of filing of return of income under section 139(1) was 30th September

ANJU JAIN, LR SUSHIL JAIN,INDORE, MADHYA PRADESH vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, UJJAIN, UJJAIN, MADHYA PRADESH

Appeals are allowed

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

seizure action. This is year of search and the financial year would end on 31st March, 2015. However, the assessee disclosed this amount of Rs. 10,02,00,000/- based on the entries in the diary regarding investment in real estate. The due date of filing of return of income under section 139(1) was 30th September