DEPUTY COMISSIONER OF INCOME TAX, CENTRAL CIRCLE, DEHRADUN, DEHRADUN vs. KAMAL JEWELLERS, DEHRADUN

In the result, Appeal of the Revenue in ITA

Bench: Sh. Yogesh Kumar Us & Sh. Manish Agarwal

1. The cash balance is on account of jewellery sold to the customers. 2. The assessee is registered with VAT Department and the sales have been accepted by the VAT Department as per VAT Returns. 3. The turnover as per audited financial statement is Rs. 92,88,33,383/- and the said turnover has been accepted by the order

DEPUTY COMMISSIONER OF INCOME TAX (CENTRAL CIRCLE), DEHRADUN, DEHRADUN vs. STONEFIELD CONSTRUCTION, DEHRADUN, DEHRADUN

In the result, appeal of the Revenue is partly allowed

bogus. 7. Before us, Ld. CIT DR for the Revenue submits that during the course of assessment proceedings, assessee has failed to prove the genuineness of the purchases made from these two parties and filed additional evidences before Ld. CIT(A) however, Ld. CIT(A) without waiting for the Remand Report from the AO has decided the issue in favour

AJAY GARG,DEHRADUN vs. ACIT CENTRAL CIRCLE DEHRADUN, DEHRADUN

In the result, appeal of the assessee is partly allowed

1) of the Act. Thereafter,\nvarious notices were issued from time to time, and after considering\nthe replies filed by assessee, re-assessment order was passed. The\nAO by alleging that assessee received cash loan of INR 50 Lakhs\nand paid interest as confirmed in the statement of Shri J.P. Sharma\nrecorded u/s 132(4) of the Act and made

ADIT, DEHRADUN vs. M/S. DAELIM INDUSTRIAL CO. LTD., DEHRADUN

In the result, appeal of the Revenue is dismissed

Bench: Shri Challa Nagendra Prasada N D Shri M. Balaganesh

purchase of 4 I.T.A. No. 803/Del/2012 equipments and materials and their subsequent utilization. Merely on the basis of a blanket statement that the expenditure on material is almost equal to the receipts hence the same is dubious or bogus, is not enough to arrive at a conclusion that the entire expenditure is worthy of being disallowed. Furthermore, no enquiries were