ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE -I, RAIPUR vs. LORD BUDDHA EDUCATIONAL SOCIETY, RAIPUR

In the result, the appeals of the revenue ITA Nos

Bench: Shri Ravish Sood, Jm & Shri Arun Khodpia, Am आयकर अऩीऱ सं./Ita Nos.188 To 193/Rpr/2019 (ननधाारण वषा / Assessment Year :2012-2013 To 2017-2018) Acit, Central Circle-1, Raipur(Cg) Vs M/S Lord Buddha Educational Society, M/S Raipur Institute Of Medical Sciences (Rims), Gram Godhi, Bhansoj Road, Office Nh-6, Raipur (Cg) Pan No. :Aaaal 3913 E (अऩीऱाथी /Appellant) (प्रत्यथी / Respondent) ..

search & seizure operation conducted at the business premises of present assessee resulting into seizure/impounding of loose papers/documents/incriminating material. The AO has made reference of a certificate dated 07.04.20]5 of M/s Abhishek Raja & Associates showing investment in land and building of Rs. 4913 .24 lacs which is the only basis for making reference to the DVO. v) The period

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE -I, RAIPUR vs. LORD BUDDHA EDUCATIONAL SOCIETY, RAIPUR

In the result, the appeals of the revenue ITA Nos

Bench: Shri Ravish Sood, Jm & Shri Arun Khodpia, Am आयकर अऩीऱ सं./Ita Nos.188 To 193/Rpr/2019 (ननधाारण वषा / Assessment Year :2012-2013 To 2017-2018) Acit, Central Circle-1, Raipur(Cg) Vs M/S Lord Buddha Educational Society, M/S Raipur Institute Of Medical Sciences (Rims), Gram Godhi, Bhansoj Road, Office Nh-6, Raipur (Cg) Pan No. :Aaaal 3913 E (अऩीऱाथी /Appellant) (प्रत्यथी / Respondent) ..

search & seizure operation conducted at the business premises of present assessee resulting into seizure/impounding of loose papers/documents/incriminating material. The AO has made reference of a certificate dated 07.04.20]5 of M/s Abhishek Raja & Associates showing investment in land and building of Rs. 4913 .24 lacs which is the only basis for making reference to the DVO. v) The period

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE -I, RAIPUR vs. LORD BUDDHA EDUCATIONAL SOCIETY, RAIPUR

In the result, the appeals of the revenue ITA Nos

Bench: Shri Ravish Sood, Jm & Shri Arun Khodpia, Am आयकर अऩीऱ सं./Ita Nos.188 To 193/Rpr/2019 (ननधाारण वषा / Assessment Year :2012-2013 To 2017-2018) Acit, Central Circle-1, Raipur(Cg) Vs M/S Lord Buddha Educational Society, M/S Raipur Institute Of Medical Sciences (Rims), Gram Godhi, Bhansoj Road, Office Nh-6, Raipur (Cg) Pan No. :Aaaal 3913 E (अऩीऱाथी /Appellant) (प्रत्यथी / Respondent) ..

search & seizure operation conducted at the business premises of present assessee resulting into seizure/impounding of loose papers/documents/incriminating material. The AO has made reference of a certificate dated 07.04.20]5 of M/s Abhishek Raja & Associates showing investment in land and building of Rs. 4913 .24 lacs which is the only basis for making reference to the DVO. v) The period

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE -I, RAIPUR vs. LORD BUDDHA EDUCATIONAL SOCIETY, RAIPUR

In the result, the appeals of the revenue ITA Nos

Bench: Shri Ravish Sood, Jm & Shri Arun Khodpia, Am आयकर अऩीऱ सं./Ita Nos.188 To 193/Rpr/2019 (ननधाारण वषा / Assessment Year :2012-2013 To 2017-2018) Acit, Central Circle-1, Raipur(Cg) Vs M/S Lord Buddha Educational Society, M/S Raipur Institute Of Medical Sciences (Rims), Gram Godhi, Bhansoj Road, Office Nh-6, Raipur (Cg) Pan No. :Aaaal 3913 E (अऩीऱाथी /Appellant) (प्रत्यथी / Respondent) ..

search & seizure operation conducted at the business premises of present assessee resulting into seizure/impounding of loose papers/documents/incriminating material. The AO has made reference of a certificate dated 07.04.20]5 of M/s Abhishek Raja & Associates showing investment in land and building of Rs. 4913 .24 lacs which is the only basis for making reference to the DVO. v) The period

INCOME TAX OFFICER, RAIPUR vs. RAHUL KATHURIA, RAIPUR

In the result, appeal of the Revenue in ITA No

Bench: Shri Partha Sarathi Chaudhury & Shri Arun Khodpiaआयकर अपील सं. / Ita Nos.151 & 152/Rpr/2025 "नधा"रण वष" / Assessment Years : 2018-19 & 2019-20 The Income Tax Officer/Income Tax Officer-3(1) Raipur (C.G.)

search and seizure action, several incriminating documents, communications and digital data has been found, which led to unearth the operations of the syndicate, establishing clearly the modus operandi of providing Bogus Long term capital gain

INCOME TAX OFFICER-3(1), RAIPUR, RAIPUR vs. RAHUL KATHURIA, RAIPUR

In the result, appeal of the Revenue in ITA No

Bench: Shri Partha Sarathi Chaudhury & Shri Arun Khodpiaआयकर अपील सं. / Ita Nos.151 & 152/Rpr/2025 "नधा"रण वष" / Assessment Years : 2018-19 & 2019-20 The Income Tax Officer/Income Tax Officer-3(1) Raipur (C.G.)

search and seizure action, several incriminating documents, communications and digital data has been found, which led to unearth the operations of the syndicate, establishing clearly the modus operandi of providing Bogus Long term capital gain

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).

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. The materials seized from the persons covered under search were examined and the relevant persons were asked

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).

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. The materials seized from the persons covered under search were examined and the relevant persons were asked

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).

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. The materials seized from the persons covered under search were examined and the relevant persons were asked

D.C.I.T. CENTRAL CRICLE,, RAIPUR vs. DEVI IRON & POWER PVT LIMITED, RAIPUR

Bench: Shri Ravish Sood & Shri Arun Khodpiaआयकर अपील सं. / Ita Nos. 267 & 268/Rpr/2014 Co Nos. 30 & 31/Rpr/2015 "नधा"रण वष" / Assessment Years : 2011-12 & 2012-13 The Deputy Commissioner Of Income Tax, Central Circle, Raipur (C.G.) .......अपीलाथ" / Appellant बनाम / V/S. M/S. Devi Iron & Power Pvt. Ltd. Mahamaya Tower, 3Rd & 4Th Floor, In Front Of Anupam Nagar, Near Varun Honda, G.E. Road, Raipur (C.G.) Pan : Aaeca3704G ……""यथ" / Respondent आयकर अपील सं. / Ita No.101/Rpr/2017 "नधा"रण वष" / Assessment Year : 2013-14 The Assistant Commissioner Of Income Tax (Central)-2, Raipur (C.G.) .......अपीलाथ" / Appellant बनाम / V/S. M/S. Devi Iron & Power Pvt. Ltd. B-08-09, Sector-C, Industrial Area, Urla, Sarora, Raipur (C.G.) Pan : Aabcd9753D ……""यथ" / Respondent Co Nos.30 & 31/Rpr/2015

capital and share premium reserve of Rs.45,00,000/- and Rs. 10,51,20,000/- as on 31.3.2006 and that the ITO, Ward-1(1), Kolkata had conducted enquiries with the various shareholders of Callidora Traders Private Limited by issuing notices u/s 133(6) and verifying their responses. I find that ITO, Ward-1(1), Kolkata was satisfied with

THE ASSISTANT COMMISSIONER OF INCOME-TAX-CENTRAL CIRCLE-2,RAIPUR, RAIPUR (CG) vs. M/S DEVI IRON & POWER PVT LTD., RAIPUR, RAIPUR (CG)

Bench: Shri Ravish Sood & Shri Arun Khodpiaआयकर अपील सं. / Ita Nos. 267 & 268/Rpr/2014 Co Nos. 30 & 31/Rpr/2015 "नधा"रण वष" / Assessment Years : 2011-12 & 2012-13 The Deputy Commissioner Of Income Tax, Central Circle, Raipur (C.G.) .......अपीलाथ" / Appellant बनाम / V/S. M/S. Devi Iron & Power Pvt. Ltd. Mahamaya Tower, 3Rd & 4Th Floor, In Front Of Anupam Nagar, Near Varun Honda, G.E. Road, Raipur (C.G.) Pan : Aaeca3704G ……""यथ" / Respondent आयकर अपील सं. / Ita No.101/Rpr/2017 "नधा"रण वष" / Assessment Year : 2013-14 The Assistant Commissioner Of Income Tax (Central)-2, Raipur (C.G.) .......अपीलाथ" / Appellant बनाम / V/S. M/S. Devi Iron & Power Pvt. Ltd. B-08-09, Sector-C, Industrial Area, Urla, Sarora, Raipur (C.G.) Pan : Aabcd9753D ……""यथ" / Respondent Co Nos.30 & 31/Rpr/2015

capital and share premium reserve of Rs.45,00,000/- and Rs. 10,51,20,000/- as on 31.3.2006 and that the ITO, Ward-1(1), Kolkata had conducted enquiries with the various shareholders of Callidora Traders Private Limited by issuing notices u/s 133(6) and verifying their responses. I find that ITO, Ward-1(1), Kolkata was satisfied with

D.C.I.T. CENTRAL CRICLE,, RAIPUR vs. DEVI IRON & POWER LIMITED, RAIPUR

Bench: Shri Ravish Sood & Shri Arun Khodpiaआयकर अपील सं. / Ita Nos. 267 & 268/Rpr/2014 Co Nos. 30 & 31/Rpr/2015 "नधा"रण वष" / Assessment Years : 2011-12 & 2012-13 The Deputy Commissioner Of Income Tax, Central Circle, Raipur (C.G.) .......अपीलाथ" / Appellant बनाम / V/S. M/S. Devi Iron & Power Pvt. Ltd. Mahamaya Tower, 3Rd & 4Th Floor, In Front Of Anupam Nagar, Near Varun Honda, G.E. Road, Raipur (C.G.) Pan : Aaeca3704G ……""यथ" / Respondent आयकर अपील सं. / Ita No.101/Rpr/2017 "नधा"रण वष" / Assessment Year : 2013-14 The Assistant Commissioner Of Income Tax (Central)-2, Raipur (C.G.) .......अपीलाथ" / Appellant बनाम / V/S. M/S. Devi Iron & Power Pvt. Ltd. B-08-09, Sector-C, Industrial Area, Urla, Sarora, Raipur (C.G.) Pan : Aabcd9753D ……""यथ" / Respondent Co Nos.30 & 31/Rpr/2015

capital and share premium reserve of Rs.45,00,000/- and Rs. 10,51,20,000/- as on 31.3.2006 and that the ITO, Ward-1(1), Kolkata had conducted enquiries with the various shareholders of Callidora Traders Private Limited by issuing notices u/s 133(6) and verifying their responses. I find that ITO, Ward-1(1), Kolkata was satisfied with

RAJESH AGRAWAL,RAIPUR vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE-2, RAIPUR, RAIPUR

The appeal of the assessee is allowed for statistical purposes in terms of our aforesaid observations

Bench: Shri Ravish Sood & Shri Arun Khodpiaआयकर अपील सं. / Ita No. 45/Rpr/2020 "नधा"रण वष" / Assessment Year : 2015-16 Rajesh Agrawal C/O. Goyal Traders, Gudiyari, Raipur-492 009 Pan : Acjpa4635J .......अपीलाथ" / Appellant बनाम / V/S. The Assistant Commissioner Of Income Tax, Circle-2, Raipur (C.G.) ……""यथ" / Respondent

capital gain without there being any incriminating material found as result of search pertaining to the A.Y.2015-16 whose assessment got completed before the date of search. The return of income for A.Y.2015-16 was filed on 30.03.2016 whereas, on the date of search ( i.e. on 17.01.2017), the assessment for the A.Y.2015-16 had already been completed in the eyes

VASUDEO REAL ESTATE PVT LTD., RAIPUR,RAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL-2, RAIPUR, RAIPUR

In the result, appeal of the assessee in ITA No

Bench: Shri Partha Sarathi Chaudhuryआयकर अपील सं./Ita Nos.261 To 265/Rpr/2025 "नधा"रण वष" /Assessment Years : 2012-13 To 2016-17 Basudeo Real Estate Private Limited Hira Arcade, First Floor, Near New Bus Stand, Pandri, Raipur-492 001 (C.G.) Pan: Aadcv1614K .......अपीलाथ" / Appellant बनाम / V/S. The Assistant Commissioner Of Income Tax, Central-2, Raipur (C.G.) ……""यथ" / Respondent

capital and reserve (premium) on the liability side and fictitious assets like investment in unquoted shares on the asset side. This shows non-creditworthiness of the above companies which have shown unsecured loans to Hira Group Companies. During the search and seizure action at the residential and office premises at Hira Arcade, Shri B.L. Agrawal, CMD had himself admitted

VASUDEO REAL ESTATE PVT. LTD.,RAIPUR,RAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL-2, RAIPUR, RAIPUR

In the result, appeal of the assessee in ITA No

Bench: Shri Partha Sarathi Chaudhuryआयकर अपील सं./Ita Nos.261 To 265/Rpr/2025 "नधा"रण वष" /Assessment Years : 2012-13 To 2016-17 Basudeo Real Estate Private Limited Hira Arcade, First Floor, Near New Bus Stand, Pandri, Raipur-492 001 (C.G.) Pan: Aadcv1614K .......अपीलाथ" / Appellant बनाम / V/S. The Assistant Commissioner Of Income Tax, Central-2, Raipur (C.G.) ……""यथ" / Respondent

capital and reserve (premium) on the liability side and fictitious assets like investment in unquoted shares on the asset side. This shows non-creditworthiness of the above companies which have shown unsecured loans to Hira Group Companies. During the search and seizure action at the residential and office premises at Hira Arcade, Shri B.L. Agrawal, CMD had himself admitted

VASUDEO REAL ESTATE PVT. LTD., RAIPUR,RAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL-2, RAIPUR, RAIPUR

In the result, appeal of the assessee in ITA No

Bench: Shri Partha Sarathi Chaudhuryआयकर अपील सं./Ita Nos.261 To 265/Rpr/2025 "नधा"रण वष" /Assessment Years : 2012-13 To 2016-17 Basudeo Real Estate Private Limited Hira Arcade, First Floor, Near New Bus Stand, Pandri, Raipur-492 001 (C.G.) Pan: Aadcv1614K .......अपीलाथ" / Appellant बनाम / V/S. The Assistant Commissioner Of Income Tax, Central-2, Raipur (C.G.) ……""यथ" / Respondent

capital and reserve (premium) on the liability side and fictitious assets like investment in unquoted shares on the asset side. This shows non-creditworthiness of the above companies which have shown unsecured loans to Hira Group Companies. During the search and seizure action at the residential and office premises at Hira Arcade, Shri B.L. Agrawal, CMD had himself admitted

VASUDEO REAL ESTATE PVT. LTD., RAIPUR,RAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL-2, RAIPUR, RAIPUR

In the result, appeal of the assessee in ITA No

Bench: Shri Partha Sarathi Chaudhuryआयकर अपील सं./Ita Nos.261 To 265/Rpr/2025 "नधा"रण वष" /Assessment Years : 2012-13 To 2016-17 Basudeo Real Estate Private Limited Hira Arcade, First Floor, Near New Bus Stand, Pandri, Raipur-492 001 (C.G.) Pan: Aadcv1614K .......अपीलाथ" / Appellant बनाम / V/S. The Assistant Commissioner Of Income Tax, Central-2, Raipur (C.G.) ……""यथ" / Respondent

capital and reserve (premium) on the liability side and fictitious assets like investment in unquoted shares on the asset side. This shows non-creditworthiness of the above companies which have shown unsecured loans to Hira Group Companies. During the search and seizure action at the residential and office premises at Hira Arcade, Shri B.L. Agrawal, CMD had himself admitted

VASUDEO REAL ESTATE PVT. LTD., RAIPUR,RAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL-2, RAIPUR, RAIPUR

In the result, appeal of the assessee in ITA No

Bench: Shri Partha Sarathi Chaudhuryआयकर अपील सं./Ita Nos.261 To 265/Rpr/2025 "नधा"रण वष" /Assessment Years : 2012-13 To 2016-17 Basudeo Real Estate Private Limited Hira Arcade, First Floor, Near New Bus Stand, Pandri, Raipur-492 001 (C.G.) Pan: Aadcv1614K .......अपीलाथ" / Appellant बनाम / V/S. The Assistant Commissioner Of Income Tax, Central-2, Raipur (C.G.) ……""यथ" / Respondent

capital and reserve (premium) on the liability side and fictitious assets like investment in unquoted shares on the asset side. This shows non-creditworthiness of the above companies which have shown unsecured loans to Hira Group Companies. During the search and seizure action at the residential and office premises at Hira Arcade, Shri B.L. Agrawal, CMD had himself admitted