THE ACIT (CENTRAL)-I, BHOPAL vs. M/S. D.K. CONSTRUCTION, BHOPAL

Appeal is allowed

Bench: Ms. Suchitra R. Kamble & Shri Bhagirath Mal Biyani

price of Rs. 42,00,000/- shown in registered-deed and thus made an addition of Rs. 27,52,340/- on account of undisclosed income. The Ld. AO further observed that the assessee had actually received a sum of Rs. 62,00,000/- from Shri Amar Singh [which is disclosed as “Advance for booking” in books of account

THE ACIT (CENTRAL)-I, BHOPAL vs. M/S. D.K. CONSTRUCTION, BHOPAL

Appeal is allowed

Bench: Ms. Suchitra R. Kamble & Shri Bhagirath Mal Biyani

price of Rs. 42,00,000/- shown in registered-deed and thus made an addition of Rs. 27,52,340/- on account of undisclosed income. The Ld. AO further observed that the assessee had actually received a sum of Rs. 62,00,000/- from Shri Amar Singh [which is disclosed as “Advance for booking” in books of account

THE ACIT (CENTRAL)-I, BHOPAL vs. M/S. D.K. CONSTRUCTION, BHOPAL

Appeal is allowed

Bench: Ms. Suchitra R. Kamble & Shri Bhagirath Mal Biyani

price of Rs. 42,00,000/- shown in registered-deed and thus made an addition of Rs. 27,52,340/- on account of undisclosed income. The Ld. AO further observed that the assessee had actually received a sum of Rs. 62,00,000/- from Shri Amar Singh [which is disclosed as “Advance for booking” in books of account

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

Transfer Pricing Regulations talk of individual transactions to be benchmarked. He submitted that the assessee made claim of ‘entity-level’ comparison before DRP also, but the DRP has over-ruled assessee’s claim with reasoning. Referring to Page 10 and 11 of DRP order, Ld. DR emphasized the reasoning given by DRP, Page 19 of 47 Computer Sciences Corporation India

THE ACIT, -2(1), BHOPAL vs. M/S. D.K. CONSTRUCTION, BHOPAL

price. There is\nno merit in Assessing Officer's contention in so far as the buyers having\nincurred any expenditure on construction of said flats during the year under\nconsideration and the assessee is a developer and builder since inception,\nwhich has not only been accepted by the Department but also by the Tribunal\nin its order dated 19/12/2006

M/S SHREE JAIRAM EDUCATION SOCIETY,BHOPAL vs. ACIT CENTRAL-II, BHOPAL

In the result, appeal of the assessee in ITANo

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

10. Ld. Departmental Representative(DR) apart from relying on Shri Jairam Education Society ITA No.90 & 548/Ind/2019 the detailed finding of Ld. CIT(A) as also referred to the following written submissions placed on record: 4.2) In support of grounds of appeal, the appellant has taken plea that CBDT notification no. 52 and 53 dt. 22110/2014 makes it clear that

M/S SHREE JAIRAM EDUCATION SOCIETY,BHOPAL vs. PR. CIT (CENTRAL), BHOPAL

In the result, appeal of the assessee in ITANo

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

10. Ld. Departmental Representative(DR) apart from relying on Shri Jairam Education Society ITA No.90 & 548/Ind/2019 the detailed finding of Ld. CIT(A) as also referred to the following written submissions placed on record: 4.2) In support of grounds of appeal, the appellant has taken plea that CBDT notification no. 52 and 53 dt. 22110/2014 makes it clear that

M/S. BRIDGESTONE INDIA PVT. LTD.,PUNE vs. THE ACIT NFAC, DELHI

In the result, appeal of assessee is partly allowed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanibridgestone India Pvt. Ltd. Acit (Nfac) Plot No.A-43, Phase-Ii, Delhi Midc Chakan, Village Vs. Sawardari, Taluka Khed, Pune (Appellant / Assessee) (Respondent/ Revenue) Pan: Aabcb 2304 E Assessee By Shri Sukhsagar Syal, Ar Revenue By Shri P.K. Mishra, Cit-Dr Date Of Hearing 23.05.2023 Date Of Pronouncement 17.07.2023

35,99,09,783 as a capital receipt and being covered by Explanation 10 to section 43(1) of the Act.. 2. The Ld. AO and Hon'ble DRP erred in making an addition of INR 4,49,15,331 (gross subsidy of INR 5,07,64,000, reduced by depreciation of INR 58,48,669) in respect

THE DCIT, 2(1), INDORE vs. SHRI KESHAV KUMAR NACHANI, INDORE

In the result, all the appeals of the Revenue are dismissed

Bench: Smt. Madhumita Roy & Shri Bhagirath Mal Biyani

35 addition of Rs.2.00 crores paid to Narayan & Ambuja Infrastructure, this is an amount advanced by the said party to the assessee through the bank channel; that the same was considered and accepted by the AO for earlier assessment years; that accounts of both the parties were furnished before the AO, and therefore, there is no justification

THE DCIT, 2(1), INDORE vs. SHRI KESHAV KUMAR NACHANI, INDORE

In the result, all the appeals of the Revenue are dismissed

Bench: Smt. Madhumita Roy & Shri Bhagirath Mal Biyani

35 addition of Rs.2.00 crores paid to Narayan & Ambuja Infrastructure, this is an amount advanced by the said party to the assessee through the bank channel; that the same was considered and accepted by the AO for earlier assessment years; that accounts of both the parties were furnished before the AO, and therefore, there is no justification

JCIT(OSD),-2(1),INDORE, INDORE vs. SHRI KESHAV KUMAR NACHANI, INDORE

In the result, all the appeals of the Revenue are dismissed

Bench: Smt. Madhumita Roy & Shri Bhagirath Mal Biyani

35 addition of Rs.2.00 crores paid to Narayan & Ambuja Infrastructure, this is an amount advanced by the said party to the assessee through the bank channel; that the same was considered and accepted by the AO for earlier assessment years; that accounts of both the parties were furnished before the AO, and therefore, there is no justification

THE ADDL. CIT RANGE -1, INDORE vs. M/S PRAKASH OILS LTD., DHAR

In the result, the above captioned appeals filed by the Revenue as well as the

Bench: Shri C.M. Garg & Shri Bhagirath Mal Biyani

10 were allotted p at a premium of Rs. 40 per shares on 06.06.2012 on preferential basis after getting in principle approval from the Madhya Pradesh, Pune and Ahmadabad Stock Exchange. It is further submitted that both the companies i.e. M/s Malwa Trexim Pvt. Ltd. and M/s Ahilya Trading Pvt. Ltd. were the existing share holder of the company

THE ACIT ,CENTRAL-1, INDORE vs. M/S PRAKASH OILS LTD., DHAR

In the result, the above captioned appeals filed by the Revenue as well as the

Bench: Shri C.M. Garg & Shri Bhagirath Mal Biyani

10 were allotted p at a premium of Rs. 40 per shares on 06.06.2012 on preferential basis after getting in principle approval from the Madhya Pradesh, Pune and Ahmadabad Stock Exchange. It is further submitted that both the companies i.e. M/s Malwa Trexim Pvt. Ltd. and M/s Ahilya Trading Pvt. Ltd. were the existing share holder of the company

THE ACIT,CENTRAL-1, INDORE vs. M/S PRAKASH OILS LTD., DHAR

In the result, the above captioned appeals filed by the Revenue as well as the

Bench: Shri C.M. Garg & Shri Bhagirath Mal Biyani

10 were allotted p at a premium of Rs. 40 per shares on 06.06.2012 on preferential basis after getting in principle approval from the Madhya Pradesh, Pune and Ahmadabad Stock Exchange. It is further submitted that both the companies i.e. M/s Malwa Trexim Pvt. Ltd. and M/s Ahilya Trading Pvt. Ltd. were the existing share holder of the company

SHRI RAM BABU SINGH,INDORE vs. DCIT 1(1), BHOPAL

In the result appeal of the assessee is dismissed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanishri Ram Babu Singh, Dcit-1(1) C/O Sv Agrawal & Associates, Bhopal Dadi Dham, 24, Joy Builders Colony, Vs. Near Rafael Tower, Old Palasia, Indore (Appellant / Assessee) (Respondent/ Revenue) Pan: Aelps9945K Assessee By S/Shri Ashish Goyal & N.D. Patwa, Ars Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 15.05.2024 & 03.07.2024 Date Of Pronouncement 23 .07.2024

Transfer of Property act. It is also admitted fact that the appellant had not got any document registered for the sale of a residential unit. Thus, the appellant had not earned income on account of sale of residential unit as envisaged in section 801B(10) because the Page 8 of 14 ITANo.328/Ind/2023 Ram Babu Singh appellant after selling the plots

SADHU RAM BALANI,INDORE vs. ITO-5(1), INDORE, INDORE

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanisadhu Ram Balani Ito-5(1) Flat No.B-503, Moti Mahal Indore Apartment 28-A, Sector-C Vs. Scheme No.71, Indore (Appellant / Assessee) (Respondent/ Revenue) Pan: Abspb5367L Assessee By Shri S.N. Agrawal, Ar Shri Ashish Porwal, Sr. Dr Revenue By Date Of Hearing 04.09.2024 Date Of Pronouncement 24.09.2024

transferred in the name of the assessee dated 10.10.2011 placed at page no.87 & 88 of the paper book as under: Page 11 of 51 ITANo.470/Ind/2023 Sadhuram Balani Page 12 of 51 ITANo.470/Ind/2023 Sadhuram Balani 5.2 These shares were then dematerialized in the de-mat account of the assessee with M/s Arihant Capital Market Ltd. placed at page no.89

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

35 to 78 of the case law PB. It is pertinent to mention that in this case also assessments were reopened subsequent to the search and survey conducted by the Investigation Wing Ahmedabad on 18.12.2014 and the assessee Ms GRD Commodities Ltd. was covered under section 1334. On Cross Objection Nos.5 & 6/Ind/2020 Assessment Years: 2012-13 & 2015-16 the identical

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

35 to 78 of the case law PB. It is pertinent to mention that in this case also assessments were reopened subsequent to the search and survey conducted by the Investigation Wing Ahmedabad on 18.12.2014 and the assessee Ms GRD Commodities Ltd. was covered under section 1334. On Cross Objection Nos.5 & 6/Ind/2020 Assessment Years: 2012-13 & 2015-16 the identical