KESARWANI & C0,,ALLAHABAD vs. JT CIT,, ALLAHABAD

In the result the appeal of the assessee is partly allowed

credited in the account of the concerned parties. On the issue of consolidation of various heads, like fixed assets for the branch offices at Ahmedabad and Mumbai, the ld. AO recorded that the assessee’s submissions were test checked and found to be correct, but he added that no books of accounts were found during the course of search

KESARWANI & CO.,ALLAHABAD vs. JT.CIT,, ALLAHABAD

In the result the appeal of the assessee is partly allowed

credited in the account of the concerned parties. On the issue of consolidation of various heads, like fixed assets for the branch offices at Ahmedabad and Mumbai, the ld. AO recorded that the assessee’s submissions were test checked and found to be correct, but he added that no books of accounts were found during the course of search

RAJESH KUMAR JAISWAL,,ALLAHABAD vs. DEPUTY/ACIT(CENTRAL), ALLAHABAD

In the result, the appeal of the assessee is partly allowed

Bench: the query raised by the assessing authority vide questionnaire issued under section 142 (1) dated 23.01.2021, in assessment proceedings for the AY 2018-19.

depreciation of the said property in accordance with the provisions of the act. 9. Because the learned AO as well as CIT(A) were not legally justified in taxing a sum of Rs. 3,96,606.00, amount of unsecured loan and sundry creditors which were under normal course of business, under the provisions of section

KESARWANI & CO.,ALLAHABAD vs. JT.CIT,, ALLAHABAD

In the result, appeal in ITA No

credited by the assessee in the profit and loss account for the respective years and accordingly, depreciation on these trucks had been claimed on written down method in the books of accounts for the respective years. The submission of the assessee was forwarded to the ld. AO for his comments. The ld. AO rejected the same calling them an afterthought

ACIT,, ALLAHABAD vs. M/S KESARWANI & CO., ALLAHABAD

In the result, appeal in ITA No

credited by the assessee in the profit and loss account for the respective years and accordingly, depreciation on these trucks had been claimed on written down method in the books of accounts for the respective years. The submission of the assessee was forwarded to the ld. AO for his comments. The ld. AO rejected the same calling them an afterthought