THE DCIT-2(1), INDORE vs. M/S. CENTURY 21 MALL (P) LTD., INDORE

In the result, all appeals of the Revenue are dismissed, while all appeals of the assessee are allowed

Bench: Smt. Madhumita Roy & Shri Bhagirath Mal Biyani

transferred from one entity to another, or amongst the above three companies; that therefore it was a case where section 292C would come to play, because despite number of instances of unaccounted money being not recognized in the accounts. He held that integration of all the three accounts and taking all the unaccounted and accounts of all three companies together

THE ACIT, CENTRAL-2, INDORE vs. SHRI MOHANLAL CHUGH, INDORE

In the result, the appeals of the Revenue for the A

Bench: Shri Rajpal Yadav Hon'Ble & Shri Manish Borad(Virtual Hearing)

transfer of such capital asset has to be charged only under the provisions of s.45 of the Act. We find merit in the argument of the AR that under provisions of clause (b) of section 153A, the Assessing Officer is required to assess or reassess the total income of an assessee. We also find that the expression ‘total income

THE ACIT, CENTRAL-2, INDORE vs. SHRI NITESH CHUGH, INDORE

In the result, the appeals of the Revenue for the A

Bench: Shri Rajpal Yadav Hon'Ble & Shri Manish Borad(Virtual Hearing)

transfer of such capital asset has to be charged only under the provisions of s.45 of the Act. We find merit in the argument of the AR that under provisions of clause (b) of section 153A, the Assessing Officer is required to assess or reassess the total income of an assessee. We also find that the expression ‘total income

THE ACIT, CENTRAL-2, INDORE vs. M/S. CHUGH REALTY, INDORE

In the result, the appeals of the Revenue for the A

Bench: Shri Rajpal Yadav Hon'Ble & Shri Manish Borad(Virtual Hearing)

transfer of such capital asset has to be charged only under the provisions of s.45 of the Act. We find merit in the argument of the AR that under provisions of clause (b) of section 153A, the Assessing Officer is required to assess or reassess the total income of an assessee. We also find that the expression ‘total income

INDORE PARASPAR SAHAKARI GRAH NIRMAN SANSTHA SAMITI,INDORE vs. ACIT CIRCLE 2(1), INDORE

In the result, the appeal of the assessee is allowed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanim/S. Indore Paraspar Sahkari Acit, Circle 2(1) Grih Nirman Sanstha Indore Vs. 224-Mishal Plaza, Tilakpath, Indore (Appellant / Assessee) (Respondent/ Revenue) Pan: Aaaai2629G Assessee By Ms. Shreya Jain, Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 06.06.2024 Date Of Pronouncement 18.06.2024 O R D E R

section 50C are applicable. He has relied upon the impugned orders of the authorities below. 5. We have considered the rival submissions as well as relevant material on record. There is no dispute that the sale of Community Hall in question was not a normal transactions of transfer of capital assets but this transfer was in the proceedings of liquidation

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

Bench: Shri Vijay Pal Rao & Shrib.M. Biyani

price. There is no merit in Assessing Officer's contention in so far as the buyers having incurred any expenditure on construction of said flats during the year under consideration and the assessee is a developer and builder since inception, which has not only been accepted by the Department but also by the Tribunal in its order dated 19/12/2006

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

Bench: Shri Vijay Pal Rao & Shrib.M. Biyani

price. There is no merit in Assessing Officer's contention in so far as the buyers having incurred any expenditure on construction of said flats during the year under consideration and the assessee is a developer and builder since inception, which has not only been accepted by the Department but also by the Tribunal in its order dated 19/12/2006

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

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

46A.” 40. Short facts in this regard are that during the search at 263, Orbit Mall Indore, a loose paper “page no.46 of LPS-1/1/1 was seized. It contained certain entries with regard to certain transactions pertained to some expenditure. The details of which were given in the assessment order. The AO required the assessee to explain the nature

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

46A.” 40. Short facts in this regard are that during the search at 263, Orbit Mall Indore, a loose paper “page no.46 of LPS-1/1/1 was seized. It contained certain entries with regard to certain transactions pertained to some expenditure. The details of which were given in the assessment order. The AO required the assessee to explain the nature

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

46A.” 40. Short facts in this regard are that during the search at 263, Orbit Mall Indore, a loose paper “page no.46 of LPS-1/1/1 was seized. It contained certain entries with regard to certain transactions pertained to some expenditure. The details of which were given in the assessment order. The AO required the assessee to explain the nature