THE ACIT ,CENTRAL-UJJAIN, INDORE vs. M/S ARIHANT CAPITALS MARKETS LTD , INDORE

Bench: Shri Mahavir Prasad, Judicialmember & Shri Manish Boradvirtual Hearing &

survey u/s 133A was carried out on 29.12.2015 which continued till 02.01.2016. Regular assessment u/s 143(3) was made by Deputy Commissioner of Income Tax (Central – 1), Indore on 16.12.2016 wherein the returned income was accepted. Later on the case was reopened u/s 148 vide notice dated 10.12.2018 and the reassessment proceedings were completed by passing

THE ACIT, CENTRAL - UJJAIN, INDORE vs. M/S ARIHANT FUTURE & COMMADITIES LTD , INDORE

Bench: Shri Mahavir Prasad, Judicialmember & Shri Manish Boradvirtual Hearing &

survey u/s 133A was carried out on 29.12.2015 which continued till 02.01.2016. Regular assessment u/s 143(3) was made by Deputy Commissioner of Income Tax (Central – 1), Indore on 16.12.2016 wherein the returned income was accepted. Later on the case was reopened u/s 148 vide notice dated 10.12.2018 and the reassessment proceedings were completed by passing

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

Appeal is allowed

survey\nrevealing the booking of bogus expenses/loss by assessee/proprietorship\nconcern of assessee. The third fact we find is that the ITO-1, Khandawa had\nno basis to send a letter to the AO for passing adverse information against\nassessee. When it is so, the reasons recorded by AO are mere allegations\nand do not have any validity. We accept

NARENDRA KUMAR AGRAWAL,BURHANPUR vs. PCIT INDORE-1, INDORE

In the result, appeal of the assessee is allowed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaninarendra Kumar Agrawal Pcit (1) 203, Ck Campus Aaykar Bhawan Bahadarpur Road Vs. Indore Burhanpur (Appellant / Assessee) (Respondent/ Revenue) Pan: Adapa0131B Assessee By Shri S.N. Agrawal & Pankaj Mogra, Ars Revenue By Shri Ram Kumar Yadav, Cit-Dr Date Of Hearing 20.08.2024 Date Of Pronouncement 29.08.2024

survey action u/s 133A by Investigation Unit Mumbai under Project Falcon, it was found that various brokers are engaged in facilitating fictitious losses through coordinated and premeditated trading in illiquid stock options. One of such stock brokers admitted in his statement that he was engaged in providing fictitious losses/profit through BSE equity/derivative trading through his concern M/s Xpro Securities

AJIT KUMAR JAIN,BHOPAL vs. THE ITO 1(1), BHOPAL

In the result, the appeal of the Assessee is allowed

Bench: Shri Chandra Mohan Garg & Shri B.M. Biyaniassessment Year: 2006-07

147 of the I.T. Act, 1961 A TDS survey u/s 133A was conducted on the premises of Sarvja Jankalyan Parmarthik Nyas on 09.08.2005. During the course of such proceedings, some documents/loose papers were found and impounded from briefcase of Shri Ram Vilas Vijayvarigya. On perusal of the loose papers, it was found that these documents record amounts received

HARISH CHANDRA PUROHIT,RATLAM vs. INCOME TAX OFFICER - 1, RATLAM, RATLAM

In the result- the Impugned order is set aside as and by way

Bench: Shri Bhagirath Mal Biyani & Shri Paresh M Joshiassessment Year: 2018-19

147 r.w.s. 144 of the Act, the assessee’s total income exigible to tax was computed and assessed at Rs.77,08,140/-. the income as per the return of income was at Rs.62,44,140/-. The income as per the return of income filed in response to notice u/s 148 was also at Rs.62,44,140/-. The addtion/variation

THE ACIT, CENTRAL-1, INDORE vs. M/S. MANISH AGRO TECH PVT. LTD., INDORE

In the result grounds of revenue for A

Bench: Shri Chandra Mohan Garg & Shri Bhagirath Mal Biyani

reassessment order that there is no denying to the fact that the assessce has traded on NMCE through registered brokers as their client and the trading details are as per the contract notes issued by them for NMCE transactions. 4.2.3 A survey was conducted on the appellant on 18.12.2014 by the Investigation Wing Ahmedabad along with search / survey operations

THE ACIT, CENTRAL-1, INDORE vs. M/S. MANISH AGRO TECH PVT. LTD., INDORE

In the result grounds of revenue for A

Bench: Shri Chandra Mohan Garg & Shri Bhagirath Mal Biyani

reassessment order that there is no denying to the fact that the assessce has traded on NMCE through registered brokers as their client and the trading details are as per the contract notes issued by them for NMCE transactions. 4.2.3 A survey was conducted on the appellant on 18.12.2014 by the Investigation Wing Ahmedabad along with search / survey operations

SUNIL SAHU,RAIPUR vs. ACIT(CENTRAL)-2, BHOPAL

Bench: Ms. Madhumita Roy & Shri Bhagirath Mal Biyani

147 of the I.T. Act, 1961, in a Lawful manner and as such the same are liable to be quashed. In view of the above discussion, we set aside the Orders of the authorities below and quash the reopening of the assessment. Resultantly, all additions stand deleted. Since we have quashed the reopening of the assessment, therefore, there is nothing

SUNIL SAHU,RAIPUR vs. ACIT(CENTRAL)-2, BHOPAL

Bench: Ms. Madhumita Roy & Shri Bhagirath Mal Biyani

147 of the I.T. Act, 1961, in a Lawful manner and as such the same are liable to be quashed. In view of the above discussion, we set aside the Orders of the authorities below and quash the reopening of the assessment. Resultantly, all additions stand deleted. Since we have quashed the reopening of the assessment, therefore, there is nothing

THE ACIT CENTRAL -1, BHOPAL vs. SHRI SUNIL SAHU , RAIPUR

Bench: Ms. Madhumita Roy & Shri Bhagirath Mal Biyani

147 of the I.T. Act, 1961, in a Lawful manner and as such the same are liable to be quashed. In view of the above discussion, we set aside the Orders of the authorities below and quash the reopening of the assessment. Resultantly, all additions stand deleted. Since we have quashed the reopening of the assessment, therefore, there is nothing

SUNIL SAHU,RAIPUR vs. ACIT(CENTRAL)-2, BHOPAL

Bench: Ms. Madhumita Roy & Shri Bhagirath Mal Biyani

147 of the I.T. Act, 1961, in a Lawful manner and as such the same are liable to be quashed. In view of the above discussion, we set aside the Orders of the authorities below and quash the reopening of the assessment. Resultantly, all additions stand deleted. Since we have quashed the reopening of the assessment, therefore, there is nothing

RAKESH KUMAR SOMANI,KHANDWA vs. ITO-1, KHANDWA, KHANDWA

In the result, both the appeals are dismissed

Bench: Shri Manish Boradrakesh Kumar Somani, Ito-1, 10, Ramganj Road, Khandwa Vs. Khandwa (M.P) (Appellant / Assessee) (Respondent/ Revenue) Pan: Azgps3988J Assessee By Shri S.N. Agrawal, Ar Revenue By Shri Ashish Porwal, Sr.Dr Date Of Hearing 29.07.2024 Date Of Pronouncement 31.07.2024 O R D E R

147 r.w.s. 143(3) of the Act dated 24.12.2018. 2. The facts in brief are that the assessee is an individual and furnished his regular return of income for Assessment Year 2011- 12 on 25.9.2011 declaring income of Rs.3,76,900/-. A survey u/s 133A of the Act was conducted at the business premises of the Rakesh Kumar Somani

DCIT-3(1), BHOPAL, BHOPAL vs. MANIDHARI JEWELLERS, BHOPAL

The appeal are allowed

Bench: Bhagirath Mal Biyani & Shri Paresh M Joshidcit-3(1), Manidhari Jewellers, बनाम/ Bhopal Room No.202, Vs. Metro Walk Bulding, Bitten Market, Arera Colony, Bhopal (Pan: Abafm6546L) (Revenue) (Respondent) Assessee By Shri Yashwant Sharma, Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 01.05.2025 Date Of Pronouncement 09.05.2025 आदेश/ O R D E R

147 of the Act. 2.2 That as per the information available with the Department of Income Tax a survey was carried out on 02.04.2019 in the case of M/s R.B Enterprises. That from the perusal of the bank account of R.B. Enterprises certain credits were received in the bank account of said R.B. Enterprises which were transferred to the bank

KHOJEMA BOHRA,INDORE vs. INCOME TAX OFFICER, NFAC, DELHI

Appeals are allowed

133A of the\nIncome Tax Act was issued by the JDIT (Investigation) for survey\nPage 4 of 13\nKhojema Bohra\nITA No. 812 & 814/Ind/2024 - A.Y.2014-15 & 2013-14\nproceedings. It was found by the authorized officers of the survey\nteam that the given address is located in a small village lane\nwhere no company office or building, factory shed or factory