SANTOSH RATHORE,INDORE vs. PRINCIPAL COMMISSIONER OF INCOME TAX, INDORE - 1, INDORE

Appeal is allowed

Section 151 of the Act and are thus, without\njurisdiction and are void-ab initio.\nIn view of the above, we hereby most respectfully submit that the reassessment\nproceedings have been initiated merely to make further enquiry / roving enquiry /\nfishing enquiry without any basis and without any tangible material or information\non the basis of suspicion and incorrect reasons

THE DCIT, 2(1), INDORE vs. SHRI KESHAV KUMAR NACHANI, INDORE

In the result, all the appeals of the Revenue are dismissed

Bench: Smt. Madhumita Roy & Shri Bhagirath Mal Biyani

reassessment of the firm under section 143(3) read with section 148 wherein the impugned share of profit was offered to tax was completed and accepted by the Revenue. There is no material with the AO to demonstrate that firm was not genuine, and its activities were doubtful nature, and that the impugned amount of Rs.25,76,208/- represented unexplained

JCIT(OSD),-2(1),INDORE, INDORE vs. SHRI KESHAV KUMAR NACHANI, INDORE

In the result, all the appeals of the Revenue are dismissed

Bench: Smt. Madhumita Roy & Shri Bhagirath Mal Biyani

reassessment of the firm under section 143(3) read with section 148 wherein the impugned share of profit was offered to tax was completed and accepted by the Revenue. There is no material with the AO to demonstrate that firm was not genuine, and its activities were doubtful nature, and that the impugned amount of Rs.25,76,208/- represented unexplained

THE DCIT, 2(1), INDORE vs. SHRI KESHAV KUMAR NACHANI, INDORE

In the result, all the appeals of the Revenue are dismissed

Bench: Smt. Madhumita Roy & Shri Bhagirath Mal Biyani

reassessment of the firm under section 143(3) read with section 148 wherein the impugned share of profit was offered to tax was completed and accepted by the Revenue. There is no material with the AO to demonstrate that firm was not genuine, and its activities were doubtful nature, and that the impugned amount of Rs.25,76,208/- represented unexplained

ANAMIKA GARG ,DEWAS vs. CIT, UJJAIN

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniassessment Year: 2015-16 Smt. Anamika Garg, Pcit, 117, Tukoganj Marg, Ujjain बनाम/ Nayapura, Vs. Dewas (Assessee / Appellant) (Revenue / Respondent) Pan: Aiwpg 3922 D Assessee By Shri Suresh Gupta, Ar Revenue By Ms. Simran Bhullar, Cit Dr Date Of Hearing 02.11.2023 Date Of Pronouncement 02.01.2024

117, Tukoganj Marg, Ujjain बनाम/ Nayapura, Vs. Dewas (Assessee / Appellant) (Revenue / Respondent) PAN: AIWPG 3922 D Assessee by Shri Suresh Gupta, AR Revenue by Ms. Simran Bhullar, CIT DR Date of Hearing 02.11.2023 Date of Pronouncement 02.01.2024 आदेश / O R D E R Per B.M. Biyani, A.M.: Feeling aggrieved by revision-order dated 21.03.2020 passed by learned Pr. Commissioner

SUNAYANA INVESTMENT COMPANY LTD,INDORE vs. PCIT-1, INDORE, INDORE

The appeal of the assessee is allowed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanisunayana Investment Company Pcit-1, Ltd, Indore Part-B Of 417 Chetak Centre Annex, Vs. R.N.T. Marg, Near Hotel Shreemaya, Indore (Appellant / Assessee) (Respondent/ Revenue) Pan: Aaucs5765M Assessee By Shri Sohit Gupta & Ms. Alifiya Ali, Ars Revenue By Shri Ram Kumar Yadav, Cit-Dr Date Of Hearing 08.10.2024 Date Of Pronouncement 11.10.2024 O R D E R

Section 263 of the Act on two issues i.e. the accommodation entries received from Shri Jignesh Shah & Sanjay Shah as well as a new issue regarding the accommodation entries taken by the assessee of Rs.5,00,000/- taken from M/s Orange Mist Production Pvt. Ltd . The AR has pointed out that the second issue as taken up by the PCIT

ASHA RANI PANDYA,INDORE vs. CPC BANGALORE, BANGALORE

In the result, the appeal is allowed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniasha Rani Pandya Dcit/Acit-1(1) 389 1Ad- Scheme No.74C Indore Vijay Nagar, Vs. Indore (Appellant / Assessee) (Respondent/ Revenue) Pan: Aqqpp7081A Assessee By Ms. Shreya Jain & Shri Prakash Jain, Ars Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 27.06.2024 Date Of Pronouncement 28 .06.2024

reassessment by taking into consideration of the FTC filed by the petitioner on 02.02.2021. The respondent is directed to give due credit to the Kenya income of the petitioner and pass the final assessment order. Further, it is made clear that the impugned order is set aside only to the extent of disallowing of FTC claim made by the petitioner

NARENDRA KUMAR MISHRA,BHOPAL vs. ITO-3(1), BHOPAL, BHOPAL

Appeal is partly allowed for statistical purpose

117-129\nThe Hon'ble Tribunal held that payments\nreceived on termination were in substance\nretrenchment compensation, calculated based\non service, age, and salary, and therefore\nconstituted capital receipts not taxable. The\nentire\naddition was deleted, and\nrefund/adjustment of tax was permitted.\nThe Hon'ble Tribunal found that although\ntitled \"VRS,\" the scheme was effectively a\nretrenchment scheme implemented

ANJU JAIN, LR SHRI 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

117, 2nd Floor, Central Circle, Vs. Dawa Bazar, Ujjain Indore. (Stationed at Indore) (PAN:ABMPR7841P) (Assessee/Appellant) (Revenue/Respondent) ITA Nos.104 & 103/Ind/2024 (AY:2017-18 & 2018-19) Anju Jain, ACIT, बनाम/ L/H of Late Sushil Jain, Central Circle, Vs. 102, Varun Tower, Ujjain 1/2, Meera Path, (Stationed at Indore) Indore. (PAN:ABNPJ8067E) (Assessee/Appellant) (Revenue/Respondent) Assessees by Shri Sumit Nema, Sr. Advocate with

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

117, 2nd Floor, Central Circle, Vs. Dawa Bazar, Ujjain Indore. (Stationed at Indore) (PAN:ABMPR7841P) (Assessee/Appellant) (Revenue/Respondent) ITA Nos.104 & 103/Ind/2024 (AY:2017-18 & 2018-19) Anju Jain, ACIT, बनाम/ L/H of Late Sushil Jain, Central Circle, Vs. 102, Varun Tower, Ujjain 1/2, Meera Path, (Stationed at Indore) Indore. (PAN:ABNPJ8067E) (Assessee/Appellant) (Revenue/Respondent) Assessees by Shri Sumit Nema, Sr. Advocate with

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

117, 2nd Floor, Central Circle, Vs. Dawa Bazar, Ujjain Indore. (Stationed at Indore) (PAN:ABMPR7841P) (Assessee/Appellant) (Revenue/Respondent) ITA Nos.104 & 103/Ind/2024 (AY:2017-18 & 2018-19) Anju Jain, ACIT, बनाम/ L/H of Late Sushil Jain, Central Circle, Vs. 102, Varun Tower, Ujjain 1/2, Meera Path, (Stationed at Indore) Indore. (PAN:ABNPJ8067E) (Assessee/Appellant) (Revenue/Respondent) Assessees by Shri Sumit Nema, Sr. Advocate with

MUKESH KUMAR RANKA,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

117, 2nd Floor, Central Circle, Vs. Dawa Bazar, Ujjain Indore. (Stationed at Indore) (PAN:ABMPR7841P) (Assessee/Appellant) (Revenue/Respondent) ITA Nos.104 & 103/Ind/2024 (AY:2017-18 & 2018-19) Anju Jain, ACIT, बनाम/ L/H of Late Sushil Jain, Central Circle, Vs. 102, Varun Tower, Ujjain 1/2, Meera Path, (Stationed at Indore) Indore. (PAN:ABNPJ8067E) (Assessee/Appellant) (Revenue/Respondent) Assessees by Shri Sumit Nema, Sr. Advocate with