PAL MINERAL INDUSTRIES (P) LIMITED,HALDWANI vs. DC/ACIT, CENTRAL CIRCLE, HALDWANI, HALDWANI

Bench: Shri Yogesh Kumar U.S. & Shri Manish Agarwal

seizure of approx. Rs 62 Crores of cash from the premises of beneficiaries who have benefitted from entry operator. 4. Apart from issuance of bogus billing, Sanjay Jain is also involved in arranging cash against RTGS. These transactions would be different than previously discussed bogus transactions in following ways:- • No invoice would be raised by Sanjay Jain against these transactions

MOHAN PAL,HALDWANI, NAINITAL vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, HALDWANI, ACIT-DCIT, CENTRAL CIRCLE, HALDWANI

Bench: Shri Yogesh Kumar U.S. & Shri Manish Agarwal

seizure of approx. Rs 62 Crores of cash from the premises of beneficiaries who have benefitted from entry operator. 4. Apart from issuance of bogus billing, Sanjay Jain is also involved in arranging cash against RTGS. These transactions would be different than previously discussed bogus transactions in following ways:- • No invoice would be raised by Sanjay Jain against these transactions

MOHAN PAL,HALDWANI, NAINITAL vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, HALDWANI, ACIT - DCIT, CENTRAL CIRCLE, HALDWANI

Bench: Shri Yogesh Kumar U.S. & Shri Manish Agarwal

seizure of approx. Rs 62 Crores of cash from the premises of beneficiaries who have benefitted from entry operator. 4. Apart from issuance of bogus billing, Sanjay Jain is also involved in arranging cash against RTGS. These transactions would be different than previously discussed bogus transactions in following ways:- • No invoice would be raised by Sanjay Jain against these transactions

MOHAN PAL,HALDWANI, NAINITAL vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, HALDWANI, ACIT - DCIT, CENTRAL CIRCLE, HALDWANI

Bench: Shri Yogesh Kumar U.S. & Shri Manish Agarwal

seizure of approx. Rs 62 Crores of cash from the premises of beneficiaries who have benefitted from entry operator. 4. Apart from issuance of bogus billing, Sanjay Jain is also involved in arranging cash against RTGS. These transactions would be different than previously discussed bogus transactions in following ways:- • No invoice would be raised by Sanjay Jain against these transactions

PAL MINERAL INDUSTRIES (P) LIMITED,HALDWANI vs. DC/ACIT, CENTRAL CIRCLE, HALDWANI, HALDWANI

Bench: Shri Yogesh Kumar U.S. & Shri Manish Agarwal

seizure of approx. Rs 62 Crores of cash from the premises of beneficiaries who have benefitted from entry operator. 4. Apart from issuance of bogus billing, Sanjay Jain is also involved in arranging cash against RTGS. These transactions would be different than previously discussed bogus transactions in following ways:- • No invoice would be raised by Sanjay Jain against these transactions

RAJU VERMA,DEHRADUN vs. INCOME TAX OFFICE, CENTRAL CIRCLE

In the result, the appeal filed by assessee is allowed

Bench: Shri Vimal Kumar & Shri Brajesh Kumar Singhassessment Year: 2011-12 Raju Verma, Vs. Income Tax Officer, 17/1 Curzon Road, Kotdwar Dehradun (Uttrakhand) (Uttrakhand) Pin 248 001 Pan No. Abipv8176F (Appellant) (Respondent)

search and seizure operation under Section 132 of the Act was initiated on the business and residential premises of the assessee on 14.03.2012 at the Punjab Jewellers Group of cases. The assessee furnished his return of income on 28.03.2013 declaring total income at Rs.3,29,350/-. During appellate proceedings in Appeal, Ld. CIT(A)-2, Agra, income of the assessee