DCIT,CENTRAL-2, INDORE vs. SHRI KRIHNA KUMAR VERMA, INDORE

In the result, appeal of the revenue is dismissed

Bench: SHRI CHANDRA MOHAN GARG (Judicial Member), SHRI BHAGIRATH MAL BIYANI (Accountant Member)

131 TTJ (Ahd.) 1 has held that in a cases where source of investment/expenditure is clearly identifiable and alleged undisclosed asset has no independent existence of its own or there is no separate physical identity of such investment/expenditure then first what is to be taxed is the undisclosed business receipt invested in unidentifiable unaccounted asset and only on failure

INCOME TAX OFFICER INDORE 5(1), INDORE vs. UMANG DEVELOPERS, INDORE

Appeals are dismissed

131 days in filing both of these appeals. The\nrevenue/appellant has filed applications for condonation of delays\nsupported by affidavits. In these documents, Ld. DR for revenue explained,\nthe revenue has submitted following reason for delay:\n2.1 \"I, Sanjeev Kumar, presently posted as Income Tax Officer-5(1), Indore do\nsolemnly affirm as under:-\n1. I am assessing officer having

INCOME TAX OFFICER 5(1), INDORE vs. UMANG DEVELOPERS, INDORE

Appeals are dismissed

131 days in filing both of these appeals. The\nrevenue/appellant has filed applications for condonation of delays\nsupported by affidavits. In these documents, Ld. DR for revenue explained,\nthe revenue has submitted following reason for delay:\n“I, Sanjeev Kumar, presently posted as Income Tax Officer-5(1), Indore do\nsolemnly affirm as under:-\n1.\nI am assessing officer having

DECENT INDUSTRIES P. LTD.,BHOPAL vs. ITO-1(2), BHOPAL

Appeal is partly allowed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyani(Virtual Hearing) Assessment Year: 2012-13 M/S Decent Industries Ito-1(2), Private Ltd, Bhopal 5Th Floor, Corporate Park, बनाम/ Db City Area Hills, Vs. Opp. M.P. Nagar Zone I, Bhopal (Assessee/Appellant) (Revenue/Respondent) Pan: Aaeca6271G Assessee By Ms. Shilpa Gupta & Shri N.K. Gupta Revenue By Shri V.K. Singh, Cit-Dr Date Of Hearing 04.06.2024 Date Of Pronouncement 20.08.2024

131(1)(d), could not get the statement of Shri Anand Sharma recorded, confirming that he had provided any accommodation entry to the appellant company through M/s Abhishek Advisory Pvt. Limited. 5.9 At para 5(iv), the AO has mentioned that "all the evidences available on record clearly establish that the assessee company is one of the beneficiaries who obtained

SHRI SHRIRAM TOSHNIWAL,BURHANPUR vs. ACIT, KHANDWA

In the result appeal the assessee is partly allowed

Bench: Hon'Ble Kul Bharat & Hon'Ble Manish Boradassessment Year 2014-15 Shri Shriram Toshniwal, Asstt. Commissioner Of Prop. M/S. Gayatri Vs. Income Tax, Enterprises, Udyog Nagar, Khandwa Burhanpur (Appellant) (Respondent ) Pan Abxpt0602K Revenue By Shri K.C. Selvamani, Sr.Dr Assessee By Shri Maneesh Vaidya & Ms. Preeti Patwa, Cas Date Of Hearing 18.03.2019 Date Of Pronouncement 11.04.2019 O R D E R

Section 131 of the Act while surveying the accounts of assessee u/s. 133A of the Act. It is because, in the instant case the assessee neither refused nor evaded with the competent authority. In this regard, we find support and guidance from the Hon 'ble jurisdictional High Court in the case of Dr. Vijay Pahwa vs. DCIT reported

DCIT , CENTRAL -2 , INDORE vs. M/S GREAT GALLEON VENTURES LTD , INDORE

In the result, the appeals of the Revenue bearing ITANo

Bench: Shri Rajpal Yadav Hon'Ble & Shri Manish Borad

d No. e of Interest 2015-16 - - 1 6,00,00,000 2 18,07,498 6,18,07,498 2016-17 1 - 1 6,00,00,000 2 80,59,865 6,80,59,865 2017-18 - - - - 1 1,19,75,346 1,19,75,346 2018-19 - - - - 1 82,40,976 82,40,976 TOTAL

DCIT , CENTRAL -2 , INDORE vs. M/S GREAT GALLEON VENTURES LTD , INDORE

In the result, the appeals of the Revenue bearing ITANo

Bench: Shri Rajpal Yadav Hon'Ble & Shri Manish Borad

d No. e of Interest 2015-16 - - 1 6,00,00,000 2 18,07,498 6,18,07,498 2016-17 1 - 1 6,00,00,000 2 80,59,865 6,80,59,865 2017-18 - - - - 1 1,19,75,346 1,19,75,346 2018-19 - - - - 1 82,40,976 82,40,976 TOTAL

THE ACIT, 4(1), INDORE vs. SHRI SANJAY LUNAWAT, INDORE

Bench: Shri Rajpal Yadav, Vice- & Shri Manish Boradvirtual Hearing Assessment Year 2010-11

D E R PER MANISH BORAD, A.M The above captioned appeal & Cross-objection for Assessment Year 2010-11 are directed against the orders of Ld. Commissioner of Income Tax(Appeals)-II (in short ‘Ld. CIT(A)], Indore dated 15.1.2018 which is arising out of the order u/s 143(3) of the Income Tax Act 1961(In short the ‘Act’) dated

DCIT 5 (1), INDORE vs. M/S SANVERWALA JEWELLERS PVT. LTD, INDORE

Bench: Shri Manish Borad & Ms. Madhumita Royvirtual Hearing Assessment Year:2012-13 Dcit-5(1) M/S. Sanverwala Jewellers Pvt. Indore Ltd. बनाम/ 12, Chhota Sarafa Vs. Indore (Appellant) (Revenue ) P.A. No.Aaocs7650K Appellant By Shri Rajeeb Jain, Sr. Dr Respondent By S/Shri S.N. Agrawal & Bhavesh Agrawal, Ars Date Of Hearing: 22.06.2021 Date Of Pronouncement: 22.09.2021 आदेश / O R D E R Per Manish Borad, A.M:

1 Shri Anar Singh Parihar N.A. Rs 950000/- 1.1 Copy of share application form duly signed and filled. 1.2 Copy of his bank account duly highlighting the amount of share application Money. 1.3 Driving Licence 1.4 Copy of his statement as recorded U/s 131 of the Income Tax Act 2 Shri Ankit Verma AHLPV9818R Rs 8,00,000 2.1 Copy

TYHE ITO-4(5), INDORE vs. M/S. URVASHI WORLD WIDE P. LTD., INDORE

In the result, the appeal filed by the Revenue is dismissed

Bench: Shri C.M. Garg & Shri Bhagirath Mal Biyaniassessment Year: 2012-13

131(1) of the Act, the lender company failed to produce the books of account and clarified the position, therefore, the AO was right in making the addition in this regard. The ld. CIT-DR also pointed out that regarding Ruchi Stock & Securities P. Ltd., the assessee could not prove the credit worthiness of the depositor and genuineness

RUPESH VYAS,INDORE vs. THE ACIT3(1), INDORE, INDORE

In the result, this appeal of assessee is dismissed

Bench: Shri T.R. Senthil Kumar & Shri B.M. Biyani

D E R Per B.M. Biyani, A.M.: Feeling aggrieved by appeal-order dated 18.11.2019 passed by learned Commissioner of Income-Tax (Appeals)-1, Indore [“Ld. CIT(A)”], which in turn arises out of assessment-order dated 29.12.2017 passed by the learned DCIT-3(1), Indore [“Ld. AO”] u/s 143(3) of the Income-tax Act, 1961 [“the Act”] for Assessment

AABHUSHAN,DHAMNOD, MADHYA PRADESH vs. ITO DHAR, DHAR

In the result, appeal of the assessee is allowed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniaabhushan Dhamnod Ito, Dhar 1St Floor, Ganpati Market Ab Road Dhamnod Vs. Mp (Appellant / Assessee) (Respondent/ Revenue) Pan: Abgfa0812K Assessee By Shri Pranay Goyal & Shri S.N. Goyal, Ars Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 10.04.2024 Date Of Pronouncement 09.05.2024 O R D E R

131 taxmann.com 4 (Delhi-Trib.) (v).CITVs. M/s Kewal Krishnan & Partners, DB ITA No. 185/08 (Rajasthan HC) (vi). ACIT Vs. M/s Mayur Industries, Khandwa (2023) 34 ITJ Online 94 (Trib. - Indore), (vii). M/s Ruhi Construction Vs. JCIT I.T.A No. 158/Ind/2013 & 169/Ind/2013 5. On the other hand, ld. DR submitted that the assessee has failed to discharge its onus during

ITO 1(1), BHOPAL vs. M/S AMKAY COLONISERS & BUILDERS P LTD, BHOPAL

In the result, this appeal of revenue is partly allowed

Bench: Ms. Suchitra Kamble & Shri B.M. Biyani(Conducted Through Virtual Court) Assessment Year: 2013-14 Ito 1(1) M/S. Amkay Colonisers & Bhopal Builders Pvt. Ltd. बनाम/ 16, Amar Stambh, Z-1, M.P. Nagar Vs. Bhopal (Appellant / Revenue ) (Respondent / Assessee) Pan: Aaeca 6272 F Assessee By None Revenue By Shri P.K. Mishra, Cit- Dr Date Of Hearing 12.12.2022 Date Of Pronouncement 20.12.2022

d) dated 07.03.2016 to the PDIT (Inv), Kolkata. In response, the DDIT (Inv) Unit 3(1), Kolkata informed that though the summon u/s 131 was issued to M/s RCSPL on 15.03.2016 but there was no compliance by RCSPL. In order to gauge the creditworthiness of RCSPL, Ld. Page 4 of 16 M/s. Amkay Colonisers and Builders Pvt. ltd. Assessment year

M/S S.D.BANSAL IRON & STEEL P LTD ,BHOPAL vs. DCIT,CENTRAL-1, BHOPAL

Appeals are partly allowed for statistical purposes

Bench: Shri Chandra Mohan Garg & Shri B.M. Biyani

68,000/-. Thereafter, during assessment-proceeding, the AO examined this issue. Initially, he made another reference dated 01.08.2013 to Departmental Valuation Officer (DVO) u/s 142A read with section 131(1)(d

THE I.T.O. 2 (1), INDORE vs. M/S HI LINK BUILDCON P LTD , INDORE

In the result, this appeal of revenue is partly allowed for statistical purpose

Bench: Ms. Suchitra Kamble & Shri B.M. Biyani(Conducted Through Virtual Court) Assessment Year: 2012-13 Ito, 2(1) M/S. Hi Link Buildcon Pvt. Indore Ltd. बनाम/ 06, Sadhna Nagar, Vs. Airport Road, Indore (Appellant / Revenue) (Respondent / Assessee) Pan: Aacch7180H Assessee By Shri Milind Wadhwani & Shri Pankaj Shah, Ars Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 23.08.2022 Date Of Pronouncement 19.09.2022

d) Lender account of appellant in books of lender-company filed by principal officer in reply to notice u/s 133(6). Page 6 of 16 M/s Hi Link Buildcon P. Ltd. Assessment year 2012-13 e) Interest paid and TDS deducted by appellant acknowledged by principal officer in reply to notice u/s 133(6). f) Ledger account of Lender Company

THE ITO 2 (1) INDORE, INDORE vs. M/S HI LINK CITY HOMES P LTD,, INDORE

In the result, this appeal of revenue is partly allowed for statistical purpose

Bench: Ms. Suchitra Kamble & Shri B.M. Biyani(Conducted Through Virtual Court) Assessment Year: 2012-13 Ito, 2(1) M/S. Hi Link City Homes Indore Pvt. Ltd. बनाम/ 06, Sadhna Nagar, Vs. Airport Road, Indore (Appellant / Revenue) (Respondent / Assessee) Pan: Aacch5920K Assessee By Shri Milind Wadhwani & Shri Pankaj Shah, Ars Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 23.08.2022 Date Of Pronouncement 19.09.2022

d) M/s Admanum Finance Ltd. ITA No. 331/Ind/2018 (e) Tirupati Construction ITA No. 522/Ind/2014 (f) K.K. Patel Finance Ltd. ITA No. 440/Ind/2010 (ii) Decisions related to M/s Jay Jyoti India Pvt. Ltd.: (a) Radhishwari Developers P. Ltd. ITA No. 493/In/2018 (b) Sanjay Shukla Vs. ACIT ITA No. 333/Ind/2020 (c) Global Realcon Ltd. ITSSA No. 170 to 174/Ind/2020 Page

ACIT (CENTRAL) 1 INDORE , INDORE vs. SHRI KANTILAL KATARIA, RATLAM

Bench: Rajpal Yadav Hon'Ble & Shri Manish Borad

d) of the assessee is fully allowed. Kantilal Kataria,Ratlam Asstt.Yr.2011-12, 2012-13 25. Ground Nos. 2(a)&2(b) of the assessee and Ground No. 2 of the Department – Unexplained Expenditure being Purchase of Scraps and Granuels – Rs.1,10,57,932/- 26. These grounds are interconnected with the Ground Nos. 1(a) to 1(e) taken

JCIT OSD (CENTRAL)-1, RATLAM vs. SHRI KANTILAL KATARIA, RATLAM

Bench: Rajpal Yadav Hon'Ble & Shri Manish Borad

d) of the assessee is fully allowed. Kantilal Kataria,Ratlam Asstt.Yr.2011-12, 2012-13 25. Ground Nos. 2(a)&2(b) of the assessee and Ground No. 2 of the Department – Unexplained Expenditure being Purchase of Scraps and Granuels – Rs.1,10,57,932/- 26. These grounds are interconnected with the Ground Nos. 1(a) to 1(e) taken