M/S RADHISHWARI DEVLOPERS P LTD,INDORE vs. PR CIT -2 INDORE, INDORE

In the result, Assessee’s appeal in ITANo

Bench: Hon’Ble Rajpal Yadav & Hon’Ble Manish Boradvirtual Hearing Assessment Year 2013-14 M/S. Radhishwari Developers P. Ltd. (Now Known As R.C. Warehousing Pvt. Ltd. ) Indore : Appellant Pan :Aafcr1916A V/S Pr. Cito-2 : Respondent Indore Appellant By S/Shri Sumit Nema Sr. Adv. With Gagan Tiwari & Piyush Parashar Advs. Revenue By Shri S.S. Mantri, Cit-Dr Date Of Hearing 24.05.2021 Date Of Pronouncement 20.07.2021

section 263 is not permitted to substitute his estimate of income in place of the income estimated by the Assessing Officer. (vii) The Assessing Officer exercises quasi-judicial power vested in him and if he exercises such power in accordance with law and arrive at a conclusion, such conclusion cannot be termed to be erroneous simply because the Commissioner

SHRI SUKHRAM MUKATI,INDORE vs. THE ITO WD-3(3), INDORE

In the result, the appeal of Shri Sukhram Mukati and

Bench: Shri C.M.Garg & Shri O.P.Meenaआ.अ.सं./I.T.A No.409&410/Ind/2014 "नधा"रण वष"/Assessment Year : 2008-09

68 read with section 69A without verifying the facts of the case. The addition so made being illegal and wrong, the same required to be deleted. 3. That the learned CIT (A) erred in making addition of Rs. 27, 66,000 under section 69 without pinpointing any unexplained deposit. The addition so made being illegal and wrong

RADHESHYAM AGARWAL,BHOPAL vs. THE PCIT, CENTRAL, BHOPAL , BHOPAL

68, section 69, section 69A,\nsection\n69B, section 69C or section 69D for any previous year, the assessee shall pay by way of\npenalty, in addition to tax payable under section 115BBE, a sum computed at the rate of ten\nper cent of the tax payable under clause (i) of sub-section

SHRI ABHISHEK GUPTA,INDORE vs. ITO-5(5), INDORE

In the result, this appeal of assessee is dismissed

Bench: Ms. Suchitra Kamble & Shri B.M. Biyani

section 10(38) of the income Tax Act as other source of Income u/s 68 of the Act. 2, On the facts & circumstances of the case and in Law Learned CIT(A) erred in confirming the addition after ignoring to the various documents & evidence related to exempted long term capital gain treated as other source of Income

NILESH JAIN,INDORE vs. INCOME TAX OFFICER 1(1), INDORE, INDORE

Appeal is partly allowed

Bench: Shri B.M. Biyani & Shri Paresh M. Joshiassessment Year:2011-12 Nilesh Jain, Ito 1(1) 1, Gandhi Chowk, Indore बनाम/ Chandrawati Ganj Vs. Indore (Assessee/Appellant) (Revenue/Respondent) Pan: Ajxpj3919M Assessee By Shri Pankaj Mogra, Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 13.04.2026 Date Of Pronouncement 17.04.2026

section 68 of the Act. For this preposition reliance is placed on the following decisions mentioned below. >CIT v. Surinder Pal Anand [2010] 192

M/S. VPA CIVILCON (P) LTD.,INDORE vs. PR. CIT-2, INDORE

In the result, the appeal of the assessee is allowed

Bench: Shri Manish Borad & T.R. Senthil Kumar

192 ITR 287, 288). In view of the forgoing paras and taking into account the nature of transaction, your honor may appreciate that there is no case for revision as the credit entry is on account of balance amount payable.” 3. However, ld.Pr.CIT is not satisfied with the reply filed by the assessee, and set aside the assessment order dated

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

68 of the Act. Learned Counsel for the assessee submitted that the loans from the subject companies were genuinely taken and therefore, interest paid by it in respect of such loans was fully allowable under the provisions of s.36(1)(iii) of the Act. It was also contended that in none of the documentary evidences so furnished for establishing

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

68 of the Act. Learned Counsel for the assessee submitted that the loans from the subject companies were genuinely taken and therefore, interest paid by it in respect of such loans was fully allowable under the provisions of s.36(1)(iii) of the Act. It was also contended that in none of the documentary evidences so furnished for establishing

M/S LIFE CARE INTERNATIONAL,INDORE vs. ACIT-3,(1) , INDORE, INDORE

Bench: Hon’Ble Rajpal Yadav & Hon’Ble Manish Boradvirtual Hearing

68 of the Act for Rs.2.70 cr. Ld. Counsel for the assessee submitted that the alleged loan of Rs.2.70 cr was taken from following five companies: 6 Life Care International ITA No.335 to 337/Ind/2018 S.No Name of the Loan creditors PA No Amount [Rs ] 1 Advantage Dealtrade P Limited AAICA7805Q 50,00,000 2 Axiom Commodeal P Limited AAICA5208K

M/S LIFE CARE INTERNATIONAL,INDORE vs. ACIT-3,(1) , INDORE, INDORE

Bench: Hon’Ble Rajpal Yadav & Hon’Ble Manish Boradvirtual Hearing

68 of the Act for Rs.2.70 cr. Ld. Counsel for the assessee submitted that the alleged loan of Rs.2.70 cr was taken from following five companies: 6 Life Care International ITA No.335 to 337/Ind/2018 S.No Name of the Loan creditors PA No Amount [Rs ] 1 Advantage Dealtrade P Limited AAICA7805Q 50,00,000 2 Axiom Commodeal P Limited AAICA5208K

M/S LIFE CARE INTERNATIONAL,INDORE vs. JCIT-3, INDORE, INDORE

Bench: Hon’Ble Rajpal Yadav & Hon’Ble Manish Boradvirtual Hearing

68 of the Act for Rs.2.70 cr. Ld. Counsel for the assessee submitted that the alleged loan of Rs.2.70 cr was taken from following five companies: 6 Life Care International ITA No.335 to 337/Ind/2018 S.No Name of the Loan creditors PA No Amount [Rs ] 1 Advantage Dealtrade P Limited AAICA7805Q 50,00,000 2 Axiom Commodeal P Limited AAICA5208K

M/S. AGRAWAL COAL CORPORATION P. LTD.,INDORE vs. THE DCIT -CIRCLE 1(1), INDORE

Bench: Shri D.T. Garasia & Shri O.P. Meena

68 in the immediately preceding assessment year. (xii) erred in deleting the addition of Rs. 1,05,95,837/- made on account of disallowance of interest made to certain parties who not existed in A.Y.2008-09 which has been rightly done by the AO to keep the issue alive. T.P.A.No.601/Ind/2015:(Assessee’s Appeal) (A.Y. 2009-10) On the facts

M/S. AGRAWAL COAL CORPORATION P. LTD.,INDORE vs. THE DCIT RANGE 1(1), INDORE

Bench: Shri D.T. Garasia & Shri O.P. Meena

68 in the immediately preceding assessment year. (xii) erred in deleting the addition of Rs. 1,05,95,837/- made on account of disallowance of interest made to certain parties who not existed in A.Y.2008-09 which has been rightly done by the AO to keep the issue alive. T.P.A.No.601/Ind/2015:(Assessee’s Appeal) (A.Y. 2009-10) On the facts

THE DCIT-1(1), INDORE vs. M/S. AGRAWAL COAL CORPORATION P. LTD., INDORE

Bench: Shri D.T. Garasia & Shri O.P. Meena

68 in the immediately preceding assessment year. (xii) erred in deleting the addition of Rs. 1,05,95,837/- made on account of disallowance of interest made to certain parties who not existed in A.Y.2008-09 which has been rightly done by the AO to keep the issue alive. T.P.A.No.601/Ind/2015:(Assessee’s Appeal) (A.Y. 2009-10) On the facts

THE DCIT1(1), INDORE vs. M/S. AGRAWAL COAL CORPORATION P LTD., INDORE

Bench: Shri D.T. Garasia & Shri O.P. Meena

68 in the immediately preceding assessment year. (xii) erred in deleting the addition of Rs. 1,05,95,837/- made on account of disallowance of interest made to certain parties who not existed in A.Y.2008-09 which has been rightly done by the AO to keep the issue alive. T.P.A.No.601/Ind/2015:(Assessee’s Appeal) (A.Y. 2009-10) On the facts

ACIT-1(1), INDORE vs. KRITI NUTRIENTS LIMITED, INDORE

The appeal of the Revenue is allowed for statistical\npurposes

192/- thereby additions to total\nincome at ₹ 26.65 crores as under :-\nKriti Nutrients Ltd.\nITA No. 780/Ind/2024\nA.Y. 2021-22\nPage 39 of 107\n1. By enhancement in Gross Profit u/s 145 of the Act: ₹ 16.77 crores\nThe appellant company maintained day-to-day quantitative records of purchase/sale,\nproduction, opening and closing stock of raw materials, finished products by-products

THE ACIT (CENTRAL)-1, INDORE vs. M/S. M.C.S. TRADING COM. PVT. LTD., INDORE

In the result the appeals of the revenue for Assessment Year

Bench: Hon'Ble Kul Bharat & Hon'Ble Manish Borad

68 of the Income-Tax Act, 1961. 4. a. That, on the facts and in the circumstances of the case, the learned CIT(A) grossly erred, both on facts and in law, in not deciding the issue on merits with respect to the ad-hoc addition of Rs.2,66,835/- made by the AO in the respondent's income

THE ACIT, 1(2), BHOPAL vs. M/S. BHASKAR INDUSTRIES LTD., BHOPAL

In the result, both the appeals of the assessee and Revenue are allowed for statistical purposes

Bench: Shri D.T. Garasia & Shri O.P. Meena

192/- had been made in the equity shares of United Textiles Mills Limited. The assessee had shown dividend of Rs. 93,42,585/- received from such companies, which was claimed as exempt from tax in view of I.T.A.Nos.68 & 194/Ind/2014 A.Y.2010-11 Page 5 of 11 Bhaskar Industries P.Ltd., Bhopal provisions of Sec 10(34/35) of the Income