DCIT-1(1), BHILAI, BHILAI vs. VIJAYA DESHLAHRA, INDORE

In the result, ITA No. 92/RPR/2025 & C

Bench: Shri Partha Sarathi Chaudhury & Shri Arun Khodpia

capital gains. Thus, it is apparently clear that the amount involved on trading activity at Rs. 1,81,60,782/- by the assessee in penny stock companies has escaped assessment. 6. Basis of forming reasons to believe and details of escapement of income: In view of the above facts, it is a strong case of escapement of income and hence

DCIT-1(1), BHILAI vs. VIJAYA DESHLAHRA, INDORE

In the result, ITA No. 92/RPR/2025 & C

Bench: Shri Partha Sarathi Chaudhury & Shri Arun Khodpia

capital gains. Thus, it is apparently clear that the amount involved on trading activity at Rs. 1,81,60,782/- by the assessee in penny stock companies has escaped assessment. 6. Basis of forming reasons to believe and details of escapement of income: In view of the above facts, it is a strong case of escapement of income and hence

DCIT-1(1), BHILAI, BHILAI vs. VIJAYA DESHLAHRA, INDORE

In the result, ITA No. 92/RPR/2025 & C

Bench: Shri Partha Sarathi Chaudhury & Shri Arun Khodpia

capital gains. Thus, it is apparently clear that the amount involved on trading activity at Rs. 1,81,60,782/- by the assessee in penny stock companies has escaped assessment. 6. Basis of forming reasons to believe and details of escapement of income: In view of the above facts, it is a strong case of escapement of income and hence

SHRI KETAN MOOLCHAND SHAH,BHILAI(CG) vs. THE DEPUTY COMMISSIONER OF INCOME TAX-1, BHILAI(CG)

In the result, both the appeals of the assessee are allowed

Bench: S/Shri N.S Saini & Pavan Kumar Gadaleassessment Year : 2008-2009 Assessment Year: 2010-2011

section 2(14) and the gain on transfer thereof is assessable to capital gains. The finding recorded by the AO and CIT(A) is incorrect and contrary to provisions of law. The addition made by the AO and sustained by the CIT(A) is not justified. 2. Ld CIT(A) erred in recording erroneous finding and concluding that the amount

SHRI SHRI KETAN MOOLCHAND SHAH, BHILAI,BHILAI(CG) vs. THE DY. COMMISSIONER OF INCOME TAX,-2(1),BHILAI, BHILAI(CG)

In the result, both the appeals of the assessee are allowed

Bench: S/Shri N.S Saini & Pavan Kumar Gadaleassessment Year : 2008-2009 Assessment Year: 2010-2011

section 2(14) and the gain on transfer thereof is assessable to capital gains. The finding recorded by the AO and CIT(A) is incorrect and contrary to provisions of law. The addition made by the AO and sustained by the CIT(A) is not justified. 2. Ld CIT(A) erred in recording erroneous finding and concluding that the amount

DEPUTY COMMISSIONER OF INCOME TAX-(1), RAIPUR, RAIPUR vs. AJAY GOLECHAA, RAIPUR

In the result, appeal of the Revenue is dismissed

Bench: Shri Partha Sarathi Chaudhury & Shri Arun Khodpiaआयकर अपील सं. / Ita No.454/Rpr/2025 "नधा"रण वष" / Assessment Year : 2014-15 The Deputy Commissioner Of Income Tax-1(1), Raipur (C.G.)

section 271(1)(c) of the Act. 4. Whether the Ld. CIT(A) has failed to consider that the transactions relating to Long-Term Capital Gains from penny stock (NCL Research and Financial Services Ltd.) were found to be non- genuine and were used as a colorable device to convert unaccounted money into tax-exempt income, which clearly amounts

RAHUL BAJPAI,IDGAH CHOWK vs. DCIT CIRCLE 1(1), SHRI RAM PLAZA

In the result, appeal of the assessee is partly allowed in terms of our aforesaid observations

Bench: Shri Ravish Sood & Shri Arun Khodpiaआयकर अपील सं. / Ita No.345/Rpr/2023 "नधा"रण वष" / Assessment Year : 2015-16 Rahul Bajpai Idgah Chowk, Bilaspur Chhattisgarh-495 001 Pan: Aexpb4410L .......अपीलाथ" / Appellant बनाम / V/S. The Deputy Commissioner Of Income Tax, Circle-1(1), Bilaspur (C.G.) ……""यथ" / Respondent

Capital Gains; and (iv) tax credit mismatch. Admittedly, the examination of the difference/variance in the purchase consideration of the property i.e. land situated at Mouja : Khapargaunge, Bilaspur (admeasuring 206.143 Aq. Mtrs.) that was purchased by the assessee for a consideration of Rs.5 lacs as against the FMV/stamp duty value of Rs.55,65,900/- in the backdrop of Section

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.)

81, Christian Colony, Raja Talab, Raipur-492 001 (C.G.) PAN: AEVPK0960J ……""यथ" / Respondent Assessee by : Shri V.K. Jindal, CA Revenue by : Dr. Priyanka Patel, Sr. DR सुनवाई क" तार"ख / Date of Hearing : 04.11.2025 घोषणा क" तार"ख / Date of Pronouncement : 26.11.2025 2 ITO/ITO-3(1), Raipur (C.G.) Vs. Rahul Kathuria ITA Nos. 151 & 152/RPR/2025 आदेश / ORDER PER BENCH: The captioned

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.)

81, Christian Colony, Raja Talab, Raipur-492 001 (C.G.) PAN: AEVPK0960J ……""यथ" / Respondent Assessee by : Shri V.K. Jindal, CA Revenue by : Dr. Priyanka Patel, Sr. DR सुनवाई क" तार"ख / Date of Hearing : 04.11.2025 घोषणा क" तार"ख / Date of Pronouncement : 26.11.2025 2 ITO/ITO-3(1), Raipur (C.G.) Vs. Rahul Kathuria ITA Nos. 151 & 152/RPR/2025 आदेश / ORDER PER BENCH: The captioned

AARTI SPONGE AND POWER LTD.,RAIPUR vs. PR. COMMISSIONER OF INCOME TAX, RAIPUR - 1, RAIPUR

In the result, appeal of the assessee stands dismissed

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

81,541/- (Page no. 64 of PB) included in the computation. Result of land dealing included in the return also. iv) Even going by observation of Id. Pr. CIT, there would be business loss which would be adjusted against capital gain income u/s 71(2) and the total income in both the cases would be same. v) Prejudice not proved

M/S ASHTA VINAYAK FARMS, RAIPUR,RAIPUR vs. ACIT, CIRCLE-1, RAIPUR, RAIPUR

Bench: Shri Ravish Sood, Jm & Shri Arun Khodpia, Am आयकर अपील सं. / Ita No: 16 & 17/Rpr/2025 ("नधा"रण वष" Assessment Year: 2016-17)

section 250 of the Income Tax Act, 1961 (in short “the Act”), for the Assessment Year 2016-17, which in turn arises from the order u/s 144 of the M/s Ashta Vinayak Estate and M/s Ashta Vinayak Farms Vs. ACIT, Circle-1(1), Raipur Act, passed by Assistant Commissioner of Income Tax, Circle-1(1), Raipur, (in short

M/S ASHTA VINAYAK ESTATE, RAIPUR,RAIPUR vs. ACIT, CIRCLE-1(1), RAIPUR, RAIPUR

Bench: Shri Ravish Sood, Jm & Shri Arun Khodpia, Am आयकर अपील सं. / Ita No: 16 & 17/Rpr/2025 ("नधा"रण वष" Assessment Year: 2016-17)

section 250 of the Income Tax Act, 1961 (in short “the Act”), for the Assessment Year 2016-17, which in turn arises from the order u/s 144 of the M/s Ashta Vinayak Estate and M/s Ashta Vinayak Farms Vs. ACIT, Circle-1(1), Raipur Act, passed by Assistant Commissioner of Income Tax, Circle-1(1), Raipur, (in short

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) ..

Capital gains - Reference to Valuation Officer - Assessment Years 1982-83 and 1983-84 - Whether a Valuation Officer appointed under Wealth-tax Act can neither be called upon nor he would have jurisdiction 10 give a report either to Assessing Officer under Income-tax Act except when a reference is made under and ill terms of section

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) ..

Capital gains - Reference to Valuation Officer - Assessment Years 1982-83 and 1983-84 - Whether a Valuation Officer appointed under Wealth-tax Act can neither be called upon nor he would have jurisdiction 10 give a report either to Assessing Officer under Income-tax Act except when a reference is made under and ill terms of section

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) ..

Capital gains - Reference to Valuation Officer - Assessment Years 1982-83 and 1983-84 - Whether a Valuation Officer appointed under Wealth-tax Act can neither be called upon nor he would have jurisdiction 10 give a report either to Assessing Officer under Income-tax Act except when a reference is made under and ill terms of section

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) ..

Capital gains - Reference to Valuation Officer - Assessment Years 1982-83 and 1983-84 - Whether a Valuation Officer appointed under Wealth-tax Act can neither be called upon nor he would have jurisdiction 10 give a report either to Assessing Officer under Income-tax Act except when a reference is made under and ill terms of section

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) ..

Capital gains - Reference to Valuation Officer - Assessment Years 1982-83 and 1983-84 - Whether a Valuation Officer appointed under Wealth-tax Act can neither be called upon nor he would have jurisdiction 10 give a report either to Assessing Officer under Income-tax Act except when a reference is made under and ill terms of section

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) ..

Capital gains - Reference to Valuation Officer - Assessment Years 1982-83 and 1983-84 - Whether a Valuation Officer appointed under Wealth-tax Act can neither be called upon nor he would have jurisdiction 10 give a report either to Assessing Officer under Income-tax Act except when a reference is made under and ill terms of section

INCOME TAX OFFICER WARD-1(3),, RAIPUR vs. SMT. RACHNA DEVI SADHWANI L/H OF LATE SHRI KALYAN DAS SADHWANI, RAIPUR

The appeal of the revenue is dismissed, with no order as to cost

Bench: Shri Ravish Sood & Shri Jamlappa D. Battullआयकरअपीलसं. / Ita No. 15/Blpr/2012 िनधा"रणवष" / Assessment Year : 2003-2004

gain u/s 68 of the Act. 4.2 Aggrieved by the aforesaid order of assessment, the respondent assessee filed an appeal before the Ld CIT(A) challenging the action of Ld AO, wherein the Ld CIT(A) considering the facts and evidential material laid during the course of assessment proceedings, overturned the assessment order in its entirety. 4.3 Against this first