ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE 2(1), RAIPUR vs. HI-TECH ABRASIVE PRIVATE LIMITED, RAIPUR

In the result, cross objection filed by the assessee is dismissed

Bench: Shri Ravish Sood, Jm & Shri Arun Khodpia, Am आयकर अपील सं./Ita No.142/Rpr/2018 (Assessment Year: 2014-2015) Acit, Circle-2(1), Raipur Vs Hi-Tech Abrasive Pvt. Ltd. 740, Sector-B, Urla Industrial Area, Raipur Pan No. :Aaach 5950 M & Cross Objection No.14/Rpr/2018 (Arising Out Of Ita No.142/Rpr/2018) (Assessment Year: 2014-2015) Hi-Tech Abrasive Pvt. Ltd. Vs Acit, Circle-2(1), Raipur 740, Sector-B, Urla Industrial Area, Raipur Pan No. :Aaach 5950 M (अपीलाथ" /Appellant) .. (""यथ" / Respondent) िनधा"रती क" ओर से /Assessee By : Shri R. B. Doshi, Ca राज"व क" ओर से /Revenue By : Smt. Ila M. Parmar, Cit-Dr सुनवाई क" तार"ख / Date Of Hearing : 14/07/2023 घोषणा क" तार"ख/Date Of Pronouncement : 19/07/2023

section 50 of the Act, without appreciating the fact that the assessee has not incurred any actual loss rather had claimed deduction notional loss & CO No.14/RPR/18 merely making book entry which is disallowable u/s 37 of the Act?” 3. Whether on points of law and on facts & circumstances of the case, the Ld. CIT(A) was justified in giving

M/S M/S NAV BHARAT PRESS,RAIPUR (CG) vs. THE ASSTT. COMMISSIONER OF INCOME TAX 3(1), RAIPUR (CG)

In the result, appeal of the assessee in ITA No

Bench: Shri Ravish Sood, Jm & Shri Arun Khodpia, Am आयकर अऩीऱ सं./Ita No.06/Rpr/2017 & आयकर अऩीऱ सं./Ita No.162/Rpr/2019 (ननधाारण वषा / Assessment Year :2013-2014 & 2015-2016) M/S Nava Bharat Press, Vs Acit, Cirlce-3(1), Raipur Press Complex, G.E.Road, Raipur (C.G.) Pan No. : Aadfn 0350 R (अऩीऱाथी /Appellant) (प्रत्यथी / Respondent) ..

capital account for Rs. 4.39 Crore was found in the balance sheet of the company. It is also observed that the entire asset side of the company was showing an amount of Rs. 12.16 Crore as against secured and unsecured loan alone of Rs. 13.79 Crore, thus the contention of the assessee that non cash expenditure i.e. depreciation allowance

ACIT CENTRAL CIRCLE-1 RAIPUR, RAIPUR vs. MARUTI CLEAN COAL AND POWER LIMITED, RAIPUR

In the result, appeal of the Revenue in ITA No

Bench: Shri Partha Sarathi Chaudhury & Shri Avdhesh Kumar Mishraआयकर अपील सं. /It(Ss)A No.19/Rpr/2025 Co No.19/Rpr/2025 "नधा"रण वष" / Assessment Year : 2014-15 The Assistant Commissioner Of Income Tax, Central Circle-1, Raipur (C.G.) ........अपीलाथ" / Appellant बनाम / V/S. Maruti Clean Coal & Power Limited 8Th Floor, Cbd Complex, Sector-21, Atal Nagar, Naya Raipur, Raipur-492 018 Pan: Aadcm4810C ……""यथ" / Respondent

1) Any expenditure (not being expenditure of the nature described in section 30 to 36 and not being in the nature of capital expenditure or personal expenses of the assessee), laid out or expended wholly exclusively for the purposes of the business or profession shall allowed in computing the income chargeable under the head, profits gain of business or profession

SANKET JHABAK, RAIPUR,RAIPUR vs. PRINCIPAL COMMISSIONER OF INCOME TAX-1, RAIPUR, RAIPUR

In the result, all the appeals filed by the captioned assessees are allowed in terms of our aforesaid observations

Bench: Shri Ravish Sood & Shri Arun Khodpia

capital gain (LTCG) of Rs.6,98,15,050/- on the said sale transaction was worked out in his hands. The assessee had against the aforementioned amount of 7 Sanket Jhabak & Others Vs. Pr. CIT-1, Raipur ITA No.478 & 479/RPR/2024 ITA Nos. 233 to 237/RPR/2024 LTCG, claimed deductions aggregating to Rs.5,61,15,943/-, viz. (i) U/s.54B of the Act: Rs.4

SAMPAT LAL JHABAK, RAIPUR,RAIPUR vs. PRINCIPAL COMMISSIONER OF INCOME TAX-1, RAIPUR, RAIPUR

In the result, all the appeals filed by the captioned assessees are allowed in terms of our aforesaid observations

Bench: Shri Ravish Sood & Shri Arun Khodpia

capital gain (LTCG) of Rs.6,98,15,050/- on the said sale transaction was worked out in his hands. The assessee had against the aforementioned amount of 7 Sanket Jhabak & Others Vs. Pr. CIT-1, Raipur ITA No.478 & 479/RPR/2024 ITA Nos. 233 to 237/RPR/2024 LTCG, claimed deductions aggregating to Rs.5,61,15,943/-, viz. (i) U/s.54B of the Act: Rs.4

SMT. SUSHILA DEVI JHABAK, RAIPUR,RAIPUR vs. PCIT-1, RAIPUR, RAIPUR

In the result, all the appeals filed by the captioned assessees are allowed in terms of our aforesaid observations

Bench: Shri Ravish Sood & Shri Arun Khodpia

capital gain (LTCG) of Rs.6,98,15,050/- on the said sale transaction was worked out in his hands. The assessee had against the aforementioned amount of 7 Sanket Jhabak & Others Vs. Pr. CIT-1, Raipur ITA No.478 & 479/RPR/2024 ITA Nos. 233 to 237/RPR/2024 LTCG, claimed deductions aggregating to Rs.5,61,15,943/-, viz. (i) U/s.54B of the Act: Rs.4

SMT. TILOTTAMA JHABAK, RAIPUR,RAIPUR vs. PCIT-1, RAIPUR, RAIPUR

In the result, all the appeals filed by the captioned assessees are allowed in terms of our aforesaid observations

Bench: Shri Ravish Sood & Shri Arun Khodpia

capital gain (LTCG) of Rs.6,98,15,050/- on the said sale transaction was worked out in his hands. The assessee had against the aforementioned amount of 7 Sanket Jhabak & Others Vs. Pr. CIT-1, Raipur ITA No.478 & 479/RPR/2024 ITA Nos. 233 to 237/RPR/2024 LTCG, claimed deductions aggregating to Rs.5,61,15,943/-, viz. (i) U/s.54B of the Act: Rs.4

SANJOG JHABAK, RAIPUR,RAIPUR vs. PRINCIPAL COMMISSIONER OF INCOME TAX, RAIPUR-1, RAIPUR

In the result, all the appeals filed by the captioned assessees are allowed in terms of our aforesaid observations

Bench: Shri Ravish Sood & Shri Arun Khodpia

capital gain (LTCG) of Rs.6,98,15,050/- on the said sale transaction was worked out in his hands. The assessee had against the aforementioned amount of 7 Sanket Jhabak & Others Vs. Pr. CIT-1, Raipur ITA No.478 & 479/RPR/2024 ITA Nos. 233 to 237/RPR/2024 LTCG, claimed deductions aggregating to Rs.5,61,15,943/-, viz. (i) U/s.54B of the Act: Rs.4

SANJOG JHABAK L/H OF LATE GAUTAM CHAND JHABAK, RAIPUR,RAIPUR vs. PRINCIPAL COMMISSIONER OF INCOME TAX, RAIPUR-1, RAIPUR

In the result, all the appeals filed by the captioned assessees are allowed in terms of our aforesaid observations

Bench: Shri Ravish Sood & Shri Arun Khodpia

capital gain (LTCG) of Rs.6,98,15,050/- on the said sale transaction was worked out in his hands. The assessee had against the aforementioned amount of 7 Sanket Jhabak & Others Vs. Pr. CIT-1, Raipur ITA No.478 & 479/RPR/2024 ITA Nos. 233 to 237/RPR/2024 LTCG, claimed deductions aggregating to Rs.5,61,15,943/-, viz. (i) U/s.54B of the Act: Rs.4

SMT. PUSHPA JHABAK, RAIPUR,RAIPUR vs. PCIT-1, RAIPUR, RAIPUR

In the result, all the appeals filed by the captioned assessees are allowed in terms of our aforesaid observations

Bench: Shri Ravish Sood & Shri Arun Khodpia

capital gain (LTCG) of Rs.6,98,15,050/- on the said sale transaction was worked out in his hands. The assessee had against the aforementioned amount of 7 Sanket Jhabak & Others Vs. Pr. CIT-1, Raipur ITA No.478 & 479/RPR/2024 ITA Nos. 233 to 237/RPR/2024 LTCG, claimed deductions aggregating to Rs.5,61,15,943/-, viz. (i) U/s.54B of the Act: Rs.4

THE GRAMIN SEVA SAHAKARI SAMITI MARYADIT,DHAMTARI(C.G) vs. THE INCOME TAX OFFICER, DHAMTARI, DHAMTARI(C.G)

Bench: Shri Ravish Sood & Shri Jamlappa D Battull

282 (SC), it was submitted by the ld. AR that the facts therein involved were distinguishable as against those involved in the case of the present assessee before us. 10 Gramin Sewa Sahakari Samiti Maryadit & Ors Vs. The ITO, Ward 1(3), Raipur ITA No.114/RPR/2016 & Ors In order to support his aforesaid contention the Ld. AR had relied

THE GRAMIN SEVA SAHAKARI SAMITI MARYADIT,DHAMTARI(C.G) vs. THE INCOME TAX OFFICER, DHAMTARI, DHAMTARI(C.G)

Bench: Shri Ravish Sood & Shri Jamlappa D Battull

282 (SC), it was submitted by the ld. AR that the facts therein involved were distinguishable as against those involved in the case of the present assessee before us. 10 Gramin Sewa Sahakari Samiti Maryadit & Ors Vs. The ITO, Ward 1(3), Raipur ITA No.114/RPR/2016 & Ors In order to support his aforesaid contention the Ld. AR had relied

M/S GRAMIN SEVA SAHAKARI SAMITI MARYADIT,DHAMTARI(C.G) vs. THE INCOME TAX OFFICER, DHAMTARI, DHAMTARI(C.G)

Bench: Shri Ravish Sood & Shri Jamlappa D Battull

282 (SC), it was submitted by the ld. AR that the facts therein involved were distinguishable as against those involved in the case of the present assessee before us. 10 Gramin Sewa Sahakari Samiti Maryadit & Ors Vs. The ITO, Ward 1(3), Raipur ITA No.114/RPR/2016 & Ors In order to support his aforesaid contention the Ld. AR had relied

THE SEWA SAHAKARI SAMITIT MARYADIT,JOSHILAMATI,RAJNANDGAON vs. THE INCOME TAX OFFICER -1,, RAJNANDGAON

Bench: Shri Ravish Sood & Shri Jamlappa D Battull

282 (SC), it was submitted by the ld. AR that the facts therein involved were distinguishable as against those involved in the case of the present assessee before us. 10 Gramin Sewa Sahakari Samiti Maryadit & Ors Vs. The ITO, Ward 1(3), Raipur ITA No.114/RPR/2016 & Ors In order to support his aforesaid contention the Ld. AR had relied

THE SEWA SAHAKARI SAMITIT MARYADIT,SOMNI,RAJNANDGAON vs. THE INCOME TAX OFFICER-2, RAJNANDGAON

Bench: Shri Ravish Sood & Shri Jamlappa D Battull

282 (SC), it was submitted by the ld. AR that the facts therein involved were distinguishable as against those involved in the case of the present assessee before us. 10 Gramin Sewa Sahakari Samiti Maryadit & Ors Vs. The ITO, Ward 1(3), Raipur ITA No.114/RPR/2016 & Ors In order to support his aforesaid contention the Ld. AR had relied

THE SEWA SAHAKARI SAMITIT MARYADIT,SINGHOLA,RAJNANDGAON vs. THE INCOME TAX OFFICER-1, RAJNANDGAON

Bench: Shri Ravish Sood & Shri Jamlappa D Battull

282 (SC), it was submitted by the ld. AR that the facts therein involved were distinguishable as against those involved in the case of the present assessee before us. 10 Gramin Sewa Sahakari Samiti Maryadit & Ors Vs. The ITO, Ward 1(3), Raipur ITA No.114/RPR/2016 & Ors In order to support his aforesaid contention the Ld. AR had relied

THE SEWA SAHAKARI SAMITIT MARYADIT,GHATULA,RAJNANDGAON vs. THE INCOME TAX OFFICER-2, RAJNANDGAON

Bench: Shri Ravish Sood & Shri Jamlappa D Battull

282 (SC), it was submitted by the ld. AR that the facts therein involved were distinguishable as against those involved in the case of the present assessee before us. 10 Gramin Sewa Sahakari Samiti Maryadit & Ors Vs. The ITO, Ward 1(3), Raipur ITA No.114/RPR/2016 & Ors In order to support his aforesaid contention the Ld. AR had relied

THE SEWA SAHAKARI SAMITIT MARYADIT,RAMPUR,RAJNANDGAON vs. THE INCOME TAX OFFICER-1, RAJNANDGAON

Bench: Shri Ravish Sood & Shri Jamlappa D Battull

282 (SC), it was submitted by the ld. AR that the facts therein involved were distinguishable as against those involved in the case of the present assessee before us. 10 Gramin Sewa Sahakari Samiti Maryadit & Ors Vs. The ITO, Ward 1(3), Raipur ITA No.114/RPR/2016 & Ors In order to support his aforesaid contention the Ld. AR had relied

HE SEWA SAHAKARI SAMITIT MARYADIT, SURGI,RAJNANDGAON vs. THE INCOME TAX OFFICER-2, RAJNANDGAON

Bench: Shri Ravish Sood & Shri Jamlappa D Battull

282 (SC), it was submitted by the ld. AR that the facts therein involved were distinguishable as against those involved in the case of the present assessee before us. 10 Gramin Sewa Sahakari Samiti Maryadit & Ors Vs. The ITO, Ward 1(3), Raipur ITA No.114/RPR/2016 & Ors In order to support his aforesaid contention the Ld. AR had relied