M/S OREF SECURITIES PRIVATE LTD. ,MANDSAUR vs. INCOME TAX OFFICER, INDORE

In the result, appeal of the assessee is allowed

Bench: Shri Manish Borad & Ms.Madhumita Royआयकर अपील सं./ Ita No.70/Ind/2018 "नधा"रण वष"/Asstt. Year: 2013-14 Vs. Ito, Mandsaur. M/S.Oref Securities P.Ltd. 69, Agrasen Nagar B/H. Mid India Mandsaur.

221 Taxman 151 Section 68: Cash credits -Share application money - No addition shall be made in the hands of the assessee where transaction related to the receipt of share application money are genuine and are fully recorded by the share applicants. 7 x) HONORABLE AHMEDABAD, IT AT TRIBUNAL (A) In The Case of ITO vs. APEX THERM PACKAGING

COMPUTER SCIENCES CORPORATION INDIA PRIVATE LIMITED,CHENNAI vs. ACIT, CHENNAI

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniassessment Year: 2007-08 Computer Sciences Acit, Corporation India Private Company Circle 1(3), Limited, Chennai [Formerly Covansys (India) Private Limited], बनाम/ Unit 13, Block 2, Sdf Buildings, Vs. Madras Export Processing Zone, Tambaram, Chennai (Assessee / Appellant) (Revenue / Respondent) Pan: Aaacc1351M Assessee By Shri Neeraj Jain, Adv. Shri Abhishek Agrawal, Ca Revenue By Shri P.K. Mishra, Cit Dr Date Of Hearing 12.07.2023 Date Of Pronouncement

68. For AY 2004-05, while deciding in favour of the assessee, the Tribunal found that there was no significant functional difference in the software development and maintenance services rendered by the assessee to its related and unrelated parties. The services rendered by the STP units of the assessee were rendered to the same AEs of the assessee, i.e., Birla

PIYUSH JAIN,INDORE vs. INCOME TAX OFFICER-4(4), INDORE , ITO, INDORE

In the result, the appeal filed by the assessee is allowed

section 199C of the Finance Act, 2016 disclosing income of Rs.\n5,00,000/- under Prime Minister Garib Kalyan Yojna Rules 2016. He paid tax of Rs.\n2,49,500/- on 29-03-2017 and deposited Rs.1,25,000/- with UCO Bank as per the scheme.\nThus, addition to the extent of Rs.5,00,000/- on account

M/S. FLEXITUFF INTERNATIONAL LTD.,DHAR vs. THE PR.CIT-1, INDORE

In the result appeal of the assessee is partly allowed

Bench: Hon'Ble Kul Bharat & Hon'Ble Manish Boradassessment Year 2012-13 M/S. Flexituff International Pr. Commissioner Of Ltd, Vs. Income Tax-1, C-41-50, Sez, Sector-3, Indore Pithampur, Dist. Dhar (Appellant) (Respondent ) Pan Aaacn5986H Revenue By Smt. Ashima Gupta, Cit Assessee By Shri Manjit Sachdeva & Avinash Gaur, Advocates Date Of Hearing 26.03.2019 Date Of Pronouncement 14.05.2019 O R D E R

68,315 934,42,221 Rs.77,26,094 In view of the above, the exemption u/s 10A should be restricted/allowed at Rs.934,42,221/- for A.Y. 2012-13 in place of Rs. 12,51,79,200/- which was actually allowable. B. It is further found that disallowance of Rs.15,82,154/- made under the head interest paid on income

ACIT(CENTRAL)-1, INDORE, INDORE vs. SHRI RAUNAK MARU, INDORE

The appeals of the Revenue are dismissed

Bench: Shri Mahavir Prasad & Shri Manish Borad

68,000/- (22.50 – 13.0632) i.e. Rs. 4,71,84,000/- is received by the assessee as unaccounted receipts for sale of land at Mayakhedi, which was added to the income of the appellant for AY 2012-13. It is also seen that my predecessor in office had decided the first appeal for AY 2012-13 vide order dated 24.05.2017 wherein

ACIT(CENTRAL)-1,, INDORE vs. SHRI RAJUL BHARGAVA, INDORE

The appeals of the Revenue are dismissed

Bench: Shri Mahavir Prasad & Shri Manish Borad

68,000/- (22.50 – 13.0632) i.e. Rs. 4,71,84,000/- is received by the assessee as unaccounted receipts for sale of land at Mayakhedi, which was added to the income of the appellant for AY 2012-13. It is also seen that my predecessor in office had decided the first appeal for AY 2012-13 vide order dated 24.05.2017 wherein

DHARMEDDRA DOSHI,SANWER ROAD, INDORE vs. INCOME TAX OFFICER-1(1), INDORE, AAYAKAR BHAWAN, OPPOSITE WHITE CHURCH, RESIDENCY AREA, INDORE

Appeal is allowed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniassessment Year : 2017-18 Dharmendra Doshi, Ito, 147-B, Sector-F, 1(1), Sanwer Road Industrial Indore. बनाम/ Area, Vs. Indore (Assessee/Appellant) (Revenue/Respondent) Pan:Afspd7034G Assessee By Shri Kunal Agrawal & Shri Harsh Choukse, Ca Revenue By Shri Sanjeev H. Bhagat, Sr. Dr Date Of Hearing 11.12.2024 Date Of Pronouncement 20.01.2025

1), Ahmedabad (2017) 88 taxmann.com 382 (Ahmedabad – Trib.). (iii) So far as justification of high cash availability before demonetisation period is concerned, Ld. AR submitted that there were high purchases in August,2016 to October,2016 months as is manifest from Purchase Register filed to AO (Paper-Book Page 203) before Diwali which is in line with trend of assessee

DCIT-5(1) INDORE, INDORE vs. DIVINE INFRACREATION & TRADING (P) LTD., MUMBAI

Bench: Ms. Madhumita Roy & Shri Bhagirath Mal Biyani

Section 68 of the Act is being ITA Nos. 730 & 656/Ind/2019 (M/s. Divine Infracreation & Trading Pvt. Ltd.) A.Y.– 2011-12 - 6 - made of entire amount of Rs.48,47,22,100/- received on account of share capital including share premium for the year under consideration. 8. The Ld. CIT(A) deleted the addition of Rs. 42,01,80,700/- received

DIVINE INFRACREATION & TRADING (P) LTD.,MUMBAI vs. DCIT-5(1) INDORE, INDORE

Bench: Ms. Madhumita Roy & Shri Bhagirath Mal Biyani

Section 68 of the Act is being ITA Nos. 730 & 656/Ind/2019 (M/s. Divine Infracreation & Trading Pvt. Ltd.) A.Y.– 2011-12 - 6 - made of entire amount of Rs.48,47,22,100/- received on account of share capital including share premium for the year under consideration. 8. The Ld. CIT(A) deleted the addition of Rs. 42,01,80,700/- received

MOJILAL RAJPUT,SHUJALPUR MANDI vs. ITO, SHAJAPUR

In the result, assessee’s appeal is allowed

Bench: Ms. Madhumita Roy & Shri Bhagirath Mal Biyani

1. Nature of Business of the Assessee Sir, assessee is engaged in the business of trading of Tractors & Parts thereof in name and style of M/s Shivam Traders at Shujalpur Mandi, Dist. Shjapur (M.P.). Further the assessee is also carrying agricultural activities along with his family members on agricultural land owned by himself as well as other family members

MOJILAL RAJPUT,SUJALPUR MANDI vs. THE ITO, SHAJAPUR

In the result, assessee’s appeal is allowed

Bench: Ms. Madhumita Roy & Shri Bhagirath Mal Biyani

1. Nature of Business of the Assessee Sir, assessee is engaged in the business of trading of Tractors & Parts thereof in name and style of M/s Shivam Traders at Shujalpur Mandi, Dist. Shjapur (M.P.). Further the assessee is also carrying agricultural activities along with his family members on agricultural land owned by himself as well as other family members

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. 94,11,950/- 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. (xiii) erred in deleting the addition of Rs. 94,11,950/- made

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. 94,11,950/- 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. (xiii) erred in deleting the addition of Rs. 94,11,950/- made

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. 94,11,950/- 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. (xiii) erred in deleting the addition of Rs. 94,11,950/- made

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. 94,11,950/- 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. (xiii) erred in deleting the addition of Rs. 94,11,950/- made

SMT LALITA GAUR,INDORE vs. ACIT 2(1) INDORE, INDORE

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

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanilalita Gaur Acit-2(1) 196, Tilak Nagar Indore Vs. Indore (Appellant / Assessee) (Respondent/ Revenue) Pan: Ahzpg 7543C Assessee By Shri Ashish Goyal & N.D Patwa. Ars Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 11.12.2023 Date Of Pronouncement 14.12.2023

section 263 on 27.03.2015 and made the addition u/s 68 of the Act of the entire deposit of Rs.1,19,09,150/- and reduced the earlier addition of estimated profit of Rs.5,95,308/-. The assesse challenged the order of the assessment passed in pursuant to revision order u/s 263 before the CIT(A) but could not succeed

M/S VYANKTESH CORRUGATORS P LTD,UJJAIN vs. ACIT,CENTRAL-UJJAIN, UJJAIN

In the result, Assessee’s appeal ITANo

Bench: Shri Mahavir Prasad & Shri Manish Boradvirtual Hearing Assessment Year: 2018-19

section 143(3) Rs.2,00,85,130/- 4 Total Additions made by AO and Total Additions of reason thereof Rs.21,49,770/- (i) Rs.12,06,536/- on account of interest expenses (ii) Rs.9,43,234/- on account of alleged undisclosed business profit in respect of shortage of inventories. [Para (13.7) on page no. 62 & 63] 5 Relief granted

ACIT CENTRAL-2 INDORE, INDORE vs. SHRI .GAURAV TEKRIWAL, INDORE

In the result, this appeal of Revenue is dismissed

Bench: Ms. Madhumita Roy & Shri B.M. Biyani(Conducted Through Virtual Court) Assessment Year: 2015-16 Acit, Central -2 Shri Gaurav Tekriwal Indore बनाम/ 204, Princess Valley, South Tukoganj, Indore Vs. (Appellant / Revenue) (Respondent / Revenue) Pan: Acppt 1628 Q Assessee By Shri Anil Kamal Garg, Arpit Gaur, Ars Revenue By Shri P.K. Mitra, Cit-Dr Date Of Hearing 21.09.2022 Date Of Pronouncement 21.11.2022

68 to 77, appellant has filed a copy of his written submission dated 20/12/2017 which was filed by him before the AO for establishing the nature of the receipt of the amount of Rs 3,25,00,000/-. Further, at page no. 78 to 80, the appellant has furnished one Page 9 of 38 Shri Gaurav Tekriwal Assessment year