M/S. ASPIRANT MERCANTILE COMPANY PRIVATE LIMITED,INDORE vs. THE ITO 3(3), INDORE

In the result, these three appeals of by different assessees in ITANo

Bench: Hon'Ble I Kul Bharat & Hon'Ble Manish Boradassessment Year: 2010-11 Avocado Trading Company Private Ito 3(3) Limited Indore बनाम/ G.J. Shah & Company, Chartered Vs. Accountants 404, Manas Bhawan, 11 Rnt Marg, Indore-452001 (Appellant) (Revenue) Pan: Aagca4206K Assessment Year: 2010-11 Aspirant Mercantile Company Private Ito 3(3) Limited Indore बनाम/ G.J. Shah & Company,Chartered Vs. Accountants 404, Manas Bhawan, 11 Rnt Marg, Indore-452001 (Appellant) (Revenue) Pan: Aagca4207J

Section 68 on the alleged ground that it is unexplained cash credit. Avocado Trading Co. and others ITA Nos.362 to 364/Ind/2012 2. The Appellant prays that the said addition be deleted. GROUND 2: ADDITION OF TRADE ADVANCES AS UNEXPLAINED CREDIT 1.On the facts and in the circumstances of the case and in law, the CIT(A) erred

M/S MALVIKA AGROTECH PVT. LTD.,DHAR vs. THE ITO-2(2), INDORE

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

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2009-10 M/S Malvika Agrotech Ito, 2(2), Pvt. Ltd, Indore Plot No.185, Sector-1, Pithampur, Dhar (Appellant) (Respondent ) Pan No.Aaccm6451G Revenue By Shri P.K. Mitra, Sr. Dr Assessee By Shri C.P. Rawka,Ca Date Of Hearing 10.09.2018 Date Of 19.9.2018 Pronouncement

68 as discussed above Total income assessed Rs.1,38,78,807/- Less: Unabsorbed business loses of earlier years Rs.3319385/- Unabsorbed depreciation Rs. 84,18,886/- Of earlier years Rs.5099501/- Net taxable income Rs.54,59,521/- 3. Aggrieved assesee preferred an appeal before Ld.CIT(A) and partly succeeded. 4. Now the assessee is in appeal before the Tribunal raising sole issue

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

In the result the appeal of the assessee is allowed for

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2012-13 M/S. Urvashi World Wide Income Tax Officer Pvt.Ltd, Vs. Ward 4(5), 305, D/S-3 Scheme No.78, Indore Indore (Appellant) (Respondent ) Pan No.Aaacu2067J

68 of the Act amounting to Rs.50 lacs being the amounts received towards share capital and premium thereon in earlier years from M/s. Clifton Securities Pvt Ltd, Mis Zenser Merchandise Pvt Ltd & M/s Bhuwania Vinimay Pvt Ltd. He did 110t appreciate that such amount by way of share application money was received in earlier years whereas shares were issued during

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

Bench: Rajpal Yadav Hon'Ble & Shri Manish Borad

5O,000/- without considering and appreciating the material fact that the appellant had disclosed additional income to the extent of Rs.2,60,00,000/-, over and above the additional income of Rs.l,OO,OO,OOO/- surrendered on account of unaccounted business of scrap and investment therein, and the entire additional income of Rs.2,60,00,000/- was available

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

Bench: Rajpal Yadav Hon'Ble & Shri Manish Borad

5O,000/- without considering and appreciating the material fact that the appellant had disclosed additional income to the extent of Rs.2,60,00,000/-, over and above the additional income of Rs.l,OO,OO,OOO/- surrendered on account of unaccounted business of scrap and investment therein, and the entire additional income of Rs.2,60,00,000/- was available