DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-3(1), RAIPUR vs. SHRI RAKESH SINGH, RAIPUR

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

Bench: Shri Ravish Sood, Jm & Shri Arun Khodpia, Am आयकर अऩीऱ सं./Ita No.231/Rpr/2019 (ननधाारण वषा / Assessment Year :2015-2016) Acit-3(1), Raipur Vs Shri Rakesh Singh, A-4, Mahaveer Singh, Tagore Nagar, Raipur (C.G.) Pan No. : Acwps 6453 R (अऩीऱाथी /Appellant) (प्रत्यथी / Respondent) .. राजस्व की ओर से /Revenue By : Shri G.N.Singh, Sr. Dr ननधााररती की ओर से /Assessee By : None सुनिाई की तारीख / Date Of Hearing : 28/07/2022 घोषणा की तारीख/Date Of Pronouncement : 21/09/2022 आदेश / O R D E R Per Arun Khodpia, Am :

house property income at Rs.70,019/-, income from long term capital gain at Rs.19,80,027/- and income from other

JAI GURUDEV INFRASTRUCTURE PVT. LTD,BILASPUR vs. PR. CIT, BILASPUR

In the result, the appeal of the assessee is allowed

Bench: Shri Pradip Kumar Kedia & Shri N. K. Choudhryआयकर आयकर अपील आयकर आयकर अपील अपील संसंसंसं./I.T.A. No. 65/Rpr/2020 अपील िनधा"रण वष" वष" / Assessment Year : 2015-16) (िनधा"रण िनधा"रण िनधा"रण वष" वष" Jai Gurudev Infrastructure Pvt Ltd, Principal Commissioner Of बनाम/ बनाम बनाम बनाम C-11, Netaji Complex, Jarhabhata, Income-Tax, Vs. Bilaspur, Chhattisgarh Bilaspur "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaccj 1895 R .. (अपीलाथ" /Appellant) (""यथ" / Respondent) Shri Sunil Kumar Agrawal, Ca अपीलाथ" ओर से /Appellant By : Shri P.K. Mishra, Cit-Dr ""यथ" क" ओर से/Respondent By : 29.07.2021 सुनवाई क" तारीख / Date Of Hearing 14.10.2021 घोषणा क" तारीख /Date Of Pronouncement आदेश/O R D E R Per Pradip Kumar Kedia - Am:

capital gain', per se, is clearly a debatable issue. Hence, the law is now well settled that a debatable issue cannot be subject matter of revision proceedings u/s263. Once an issue becomes debatable, the view taken by the Id AO in his scrutiny assessment order could be construed as one of the possible views and hence, the order passed

SURESH CHAND SURANA,RAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX-4(1), RAIPUR

In the result, appeal of the assessee is allowed

Bench: Shri Pradip Kumar Kedia & Shri N. K. Choudhryआयकर अपील सं./I.T.A. No. 25/Rpr/2021) ("नधा"रण वष" / Assessment Year : 2016-17)

house property and Capital Gain Account Scheme. Further, the assessee has made investment of Rs. 50,00,000/- u/s 54EC

I.T.O. WARD -1(1), RAIPUR (CG) vs. SMT SHEELA CHAKOLE, RAIPUR

In the result, appeal filed by the revenue is dismissed

Bench: S/Shri N.S Saini & Pavan Kumar Gadaleassessment Year : 2011-2012

gains of investment in house property have to be considered liberally and the fact remains that the assessee reinvested the amount in residential property. We support our decision though the assessee has deposited the capital

M/S. RAJENDRA NATHANI (HUF),RAIPUR (CG) vs. ITO- 1(2),, RAIPUR (CG)

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

Bench: Shri R. K. Panda & Ms. Suchitra Kambleassessment Year : 2010-11 Rajendra Nathani (Huf), Ito- 1(2), H-100, I-6, Rajiv Nagar, Raipur (Cg). Shankar Nagar, Vs. Raipur (Cg).

house property as well as capital gain from sale of property. During the impugned assessment year, the assessee sold a property

INCOME TAX OFFICER-1, RAIGARH vs. M/S SUMIT GLOBAL PVT. LTD, RAIGARH

In the result appeal of the revenue is partly allowed

Bench: SHRI RAVISH SOOD (Judicial Member), SHRI ARUN KHODPIA (Accountant Member)

Housing & 171 ( Mum HC) Court of Construction Ltd. (2015) 232 Mumbai TAXMAN 159 (Bombay) 11. No capital asset was held by the assessee as defined u/s 2(14). Therefore, there could be no "transfer" as defined u/s 2(47) of the Income Tax Act, consequently no income accrued u/s 5 r.w.s. 45 of the Income Tax Act. Reliance is placed

M/S M/S GOYAL CONSTRUCTION COMPANY, RAIPUR,RAIPUR (CG) vs. THE INCOME TAX OFFICER, 3(1),RAIPUR, RAIPUR (CG)

In the result, appeal of the assessee is partly allowed for statistical purposes in terms of my aforesaid observations

Bench: Shri Ravish Soodआयकर अपील सं./ Ita No. 17/Rpr/2017 "नधा"रण वष" / Assessment Year : 2012-13 M/S. Goyal Construction Company Shop No.213-214, Ii Floor, Crystal Arcade, Lodhipara Chowk, Raipur (C.G.) Pan : Aaffg9964N .......अपीलाथ" / Appellant बनाम / V/S. The Income Tax Officer-3(1), Raipur (C.G.). ……""यथ" / Respondent

house property and/or, (c) profits and gains of business or profession and/or; (d) Capital gain and/or (e) income from other

I.T.O. 1(3), BHILAI(CG) vs. SHRI ARUN KUMAR TELANG, BHILAI(CG)

Bench: Shri R. K. Panda & Ms. Suchitra Kambleassessment Year : 2011-12 Arun Kumar Telang, Ito, Ward- 4, H.No. A-127, Phase- Ii, Bhilai (Cg). Junwani, Surya Vihar, Vs. Nehru Nagar, Bhilai, Durg (Cg).

property for Rs.1,32,52,500/- on 30.12.2010. Perusal of the computation of income appended to the return filed for the assessment year revealed that the assessee had declared long term capital gain on sale of residential house

ARUN KUMAR TELANG,,DURG(CG) vs. ITO, WARD- 4,, BHILAI(CG)

Bench: Shri R. K. Panda & Ms. Suchitra Kambleassessment Year : 2011-12 Arun Kumar Telang, Ito, Ward- 4, H.No. A-127, Phase- Ii, Bhilai (Cg). Junwani, Surya Vihar, Vs. Nehru Nagar, Bhilai, Durg (Cg).

property for Rs.1,32,52,500/- on 30.12.2010. Perusal of the computation of income appended to the return filed for the assessment year revealed that the assessee had declared long term capital gain on sale of residential house

SMT BUDHAREEN BAI,BHATAPARA vs. INCOME TAX OFFICER,, BHATAPARA

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

Bench: Shri Partha Sarathi Chaudhury & Dr. Mitha Lal Meenaassessment Year : 2014-15 Smt. Budhia Reen Bai, Ito, Near Shitala Mandir, Bhatapara (Cg). Hathanipara Ward, Vs. Bhatapara (Cg) – 493118. Pan : Bxxpb0771Q (Appellant) (Respondent) Assessee By : Shri Vikash Sharma, Adv. Department By : Shri Sanjay Kumar, Addl. Cit Date Of Hearing : 13-05-2019 Date Of Pronouncement : 14-05-2019 O R D E R Per Dr. Mitha Lal Meena, Am :

property situated at Hathnipara, Bhatapara admeasuring 0.154 hect at amount to Rs. 48 lakhs, the land was actually belong to the name of her husband since 1970 after death of her husband in 2002-03 the land was transferred in the name of the assessee as legal heir, at the time of assessment assessee had submitted capital gain calculation

ASSISTANT COMMISSIONER OF INCOME TAX-1(1),, RAIPUR vs. SHRI SHARAD GOEL, RAIPUR

In the result appeal of the revenue stands dismissed, in terms of our observations herein above

Bench: SHRI RAVISH SOOD (Judicial Member), SHRI ARUN KHODPIA (Accountant Member)

capital gain thereby completely ignoring the provisions as per section 45(3) of the IT act, 1961?" 2. "Whether on points of law and on facts & circumstances of the case, the Id. CIT(A) was justified in deleting the addition of Rs. Rs. 5,77,59,138/-, thereby not considering and not distinguishing the findings of the AO which

RAJESH CHAND SURANA,RAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, RAIPUR

In the result, appeal of the assessee is allowed

Bench: Shri Pradip Kumar Kedia & Shri N.K. Choudhryassessment Year: 2016-17

Capital Gain Account Scheme and Rs. 50 Lakhs towards investment made on specified bonds under section 54EC of the Act. In this background, the assessee submitted that in the instant case the investment was made in construction of new residential house property

MOHAMMAD AKHTAR KHAN,DURG vs. INCOME TAX OFFICER, WARD 2(1), BHILAI

Bench: Hon’Ble Shri Ravish Sood & Shri G. D. Padmahshaliआयकर अपऩलसं. / Ita No. 87/Rpr/2019 निर्धारण वर्ा / Assessment Year : 2013-2014 Mohammad Akhtar Khan Ibrahim Bada, Nr Masjid Titurdih, Raipur, (C.G.) . . . . . . . अपऩलधथी / Appellant बनाम / V/S. Income Tax Officer Ward-2(1), Bhilai (C.G.) . . . . . . .प्रत्यथी / Respondent द्वारा / Appearances Assessee By : Shri R. B. Doshi Revenue By : Shri Gitesh Kumar सपिवधई की तधरऩख / Date Of Conclusive Hearing : 16/11/2022 घोर्णध की तधरऩख / Date Of Pronouncement : 16/11/2022 आदेश / Order Per G. D. Padmahshali, Am; The Assessee By The Present Appeal Challenges The Order Of Commissioner Of Income Tax (Appeals), Raipur [For Short “Cit(A)”] Dt. 26/04/2017 Passed U/S 250 Of The Income-Tax Act, 1961 [For Short “The Act”] Confirming The Order Of Assessment Passed U/S 143(3) By The Income Tax Officer, Ward-2(1) Raipur [For Short “Ao”] For The Assessment Year 2013-14 [For Short “Ay”] 2. The Grounds Raised In The Appeal Memo Are;

gains arising from transfer of any long term capital asset (not being a residential house) invested in a residential house. This exemption cannot be availed if there is a house in existence on the date of transfer. In the facts of the present case, I find that the assessee was the joint owner of the house property

I.T.O. WARD -1(1), RAIPUR (CG) vs. M/S CMDC ICPL COAL LTD,, RAIPUR (CG)

In the result, the appeal of the assessee is allowed

Bench: Shri R. K. Panda & Ms. Suchitra Kambleassessment Year : 2011-12 Ito, Ward- 1(1), Cmdc Icpl Coal Ltd., Raipur (Cg). Rajbandha Maidan, G. E. Road, Vs. Raipur (Cg).

property and later sells it at profit, the gain made by the company will be assessable under the head 'Capital gains'. Similarly, if a company purchases a rented house

DY. C.I.T.2(1), RAIPUR (CG) vs. SHRI SURESH ATLANI, RAIPUR (CG)

In the result, appeal filed by the revenue is dismissed

Bench: Shri R. K. Panda & Ms. Suchitra Kambleassessment Year : 2006-07 Dcit- 2(1), Abhishek Atlani, Raipur (Cg). Atlani Bunglow, Khamardih Road, Vs. Shankar Nagar, Raipur (Cg).

house property, business income in the capacity of partner and income from other sources. A search and seizure action u/s 132 of the I.T. Act, 1961 was conducted on the business premises of M/s. Aarti Infrastructure & Buildcon Ltd., residential premises of its directors and the residential/business premises of the other members and related persons/ concerns in the above business group

DY. C.I.T.2(1), RAIPUR (CG) vs. SHRI TARAL MODI, RAIPUR (CG)

In the result, appeal filed by the revenue is dismissed

Bench: Shri R. K. Panda & Ms. Suchitra Kambleassessment Year : 2006-07 Dcit- 2(1), Abhishek Atlani, Raipur (Cg). Atlani Bunglow, Khamardih Road, Vs. Shankar Nagar, Raipur (Cg).

house property, business income in the capacity of partner and income from other sources. A search and seizure action u/s 132 of the I.T. Act, 1961 was conducted on the business premises of M/s. Aarti Infrastructure & Buildcon Ltd., residential premises of its directors and the residential/business premises of the other members and related persons/ concerns in the above business group

DY. C.I.T.2(1), RAIPUR (CG) vs. ABHISHEK ATLANI, RAIPUR (CG)

In the result, appeal filed by the revenue is dismissed

Bench: Shri R. K. Panda & Ms. Suchitra Kambleassessment Year : 2006-07 Dcit- 2(1), Abhishek Atlani, Raipur (Cg). Atlani Bunglow, Khamardih Road, Vs. Shankar Nagar, Raipur (Cg).

house property, business income in the capacity of partner and income from other sources. A search and seizure action u/s 132 of the I.T. Act, 1961 was conducted on the business premises of M/s. Aarti Infrastructure & Buildcon Ltd., residential premises of its directors and the residential/business premises of the other members and related persons/ concerns in the above business group

TULIKA KEDIA, NEW DELHI,DELHI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, RAIPUR, RAIPUR

Bench: Shri Partha Sarathi Chaudhury, Jm & Shri Arun Khodpia, Am आयकर अपील सं. / Ita No: 147/Rpr/2025 (िनधा"रण वष" Assessment Year: 2020-21)

house property, capital gains and income from other sources, therefore, the perception of Ld. AO that the assessee’s turnover

THE SOUTH EASTERN COAL FIELDS LTD., BILASPUR,BILASPUR(CG) vs. THE DY. COMMISSIONER OF INCOME TAX,CIRCLE , 1(1)BILASPUR, BILASPUR(CG)

Bench: Shri Ravish Sood & Shri Arun Khodpia

house property, profits and gains of business or profession, capital gains and income from other sources. 12 South Eastern Coalfields