DCIT, CIRCLE-1, DIBRUGARH vs. BAJRANG LAL BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

undisclosed income from other sources or that the transactions as claimed by the Assessees were sham. 3.7 Thus, the Assessees discharged the primary onus cast upon them u/s 68 of explaining the nature and source of sums found credited in their respective bank accounts viz. sale proceeds of shares of TFCIL/JIL (as the case may be) by furnishing detailed documentary

D.C.I.T., CIRCLE-1, DIBRUGARH vs. BACHH RAJ BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

undisclosed income from other sources or that the transactions as claimed by the Assessees were sham. 3.7 Thus, the Assessees discharged the primary onus cast upon them u/s 68 of explaining the nature and source of sums found credited in their respective bank accounts viz. sale proceeds of shares of TFCIL/JIL (as the case may be) by furnishing detailed documentary

D.C.I.T., CIRCLE-1, DIBRUGARH vs. BACHH RAJ BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

undisclosed income from other sources or that the transactions as claimed by the Assessees were sham. 3.7 Thus, the Assessees discharged the primary onus cast upon them u/s 68 of explaining the nature and source of sums found credited in their respective bank accounts viz. sale proceeds of shares of TFCIL/JIL (as the case may be) by furnishing detailed documentary

D.C.I.T., CIRCLE- 1, DIBRUGARH vs. HANS RAJ BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

undisclosed income from other sources or that the transactions as claimed by the Assessees were sham. 3.7 Thus, the Assessees discharged the primary onus cast upon them u/s 68 of explaining the nature and source of sums found credited in their respective bank accounts viz. sale proceeds of shares of TFCIL/JIL (as the case may be) by furnishing detailed documentary

D.C.I.T., CIRCLE- 1, DIBRUGARH vs. HANS RAJ BAMALWA (HUF), DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

undisclosed income from other sources or that the transactions as claimed by the Assessees were sham. 3.7 Thus, the Assessees discharged the primary onus cast upon them u/s 68 of explaining the nature and source of sums found credited in their respective bank accounts viz. sale proceeds of shares of TFCIL/JIL (as the case may be) by furnishing detailed documentary

D.C.I.T., CIRCLE- 1, DIBRUGARH vs. USHA BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

undisclosed income from other sources or that the transactions as claimed by the Assessees were sham. 3.7 Thus, the Assessees discharged the primary onus cast upon them u/s 68 of explaining the nature and source of sums found credited in their respective bank accounts viz. sale proceeds of shares of TFCIL/JIL (as the case may be) by furnishing detailed documentary

D.C.I.T., CIRCLE- 1, DIBRUGARH vs. MEENAKSHI BAMALWA SONI, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

undisclosed income from other sources or that the transactions as claimed by the Assessees were sham. 3.7 Thus, the Assessees discharged the primary onus cast upon them u/s 68 of explaining the nature and source of sums found credited in their respective bank accounts viz. sale proceeds of shares of TFCIL/JIL (as the case may be) by furnishing detailed documentary

D.C.I.T., CIRCLE- 1, DIBRUGARH vs. BHAGWATI DEVII BAMALWA , DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

undisclosed income from other sources or that the transactions as claimed by the Assessees were sham. 3.7 Thus, the Assessees discharged the primary onus cast upon them u/s 68 of explaining the nature and source of sums found credited in their respective bank accounts viz. sale proceeds of shares of TFCIL/JIL (as the case may be) by furnishing detailed documentary

D.C.I.T., CIRCLE- 1, DIBRUGARH vs. VISHAL BAMALWA , DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

undisclosed income from other sources or that the transactions as claimed by the Assessees were sham. 3.7 Thus, the Assessees discharged the primary onus cast upon them u/s 68 of explaining the nature and source of sums found credited in their respective bank accounts viz. sale proceeds of shares of TFCIL/JIL (as the case may be) by furnishing detailed documentary

D.C.I.T., CIRCLE-1, DIBRUGARH vs. VINOD BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

undisclosed income from other sources or that the transactions as claimed by the Assessees were sham. 3.7 Thus, the Assessees discharged the primary onus cast upon them u/s 68 of explaining the nature and source of sums found credited in their respective bank accounts viz. sale proceeds of shares of TFCIL/JIL (as the case may be) by furnishing detailed documentary

DCIT, CIRCLE-1, DIBRUGARH vs. BAJRANG LAL BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

undisclosed income from other sources or that the transactions as claimed by the Assessees were sham. 3.7 Thus, the Assessees discharged the primary onus cast upon them u/s 68 of explaining the nature and source of sums found credited in their respective bank accounts viz. sale proceeds of shares of TFCIL/JIL (as the case may be) by furnishing detailed documentary

D.C.I.T., CIRCLE-1, DIBRUGARH vs. SHEETAL BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

undisclosed income from other sources or that the transactions as claimed by the Assessees were sham. 3.7 Thus, the Assessees discharged the primary onus cast upon them u/s 68 of explaining the nature and source of sums found credited in their respective bank accounts viz. sale proceeds of shares of TFCIL/JIL (as the case may be) by furnishing detailed documentary

D.C.I.T., CIRCLE-1, DIBRUGARH vs. PRAMOD KUMAR BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

undisclosed income from other sources or that the transactions as claimed by the Assessees were sham. 3.7 Thus, the Assessees discharged the primary onus cast upon them u/s 68 of explaining the nature and source of sums found credited in their respective bank accounts viz. sale proceeds of shares of TFCIL/JIL (as the case may be) by furnishing detailed documentary

D.C.I.T., CIRCLE-1, DIBRUGARH vs. VINAY BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

undisclosed income from other sources or that the transactions as claimed by the Assessees were sham. 3.7 Thus, the Assessees discharged the primary onus cast upon them u/s 68 of explaining the nature and source of sums found credited in their respective bank accounts viz. sale proceeds of shares of TFCIL/JIL (as the case may be) by furnishing detailed documentary

D.C.I.T., CIRCLE-1, DIBRUGARH vs. RAVI BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

undisclosed income from other sources or that the transactions as claimed by the Assessees were sham. 3.7 Thus, the Assessees discharged the primary onus cast upon them u/s 68 of explaining the nature and source of sums found credited in their respective bank accounts viz. sale proceeds of shares of TFCIL/JIL (as the case may be) by furnishing detailed documentary

D.C.I.T., CIRCLE-1, DIBRUGARH vs. MADAN LAL BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

undisclosed income from other sources or that the transactions as claimed by the Assessees were sham. 3.7 Thus, the Assessees discharged the primary onus cast upon them u/s 68 of explaining the nature and source of sums found credited in their respective bank accounts viz. sale proceeds of shares of TFCIL/JIL (as the case may be) by furnishing detailed documentary

ACCRECENT WAY MARKETING (P) LTD.,GUWAHATI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-3, GUWAHATI

Bench: Shri Manomohan Das & Shri Rakesh Mishra

undisclosed income under s. 68 of IT Act, 1961? We find no merit in this Special Leave Petition for the simple reason that if the share application money is received by the assessee company from alleged bogus shareholders, whose names are given to the AO, then the Department is free to proceed to reopen their individual assessments in accordance with

MANOJ ANAND,GUWAHATI vs. ITO W-2(2) GHY, GUWAHATI

In the result, the appeal of the assessee is allowed

Bench: Shri Rajesh Kumar, Am & Shri Manomohan Das, Jm Manoj Anand Ito W-2(2), Ghy Flat 4D, Garima Grand, Aaykar Bhawan, Christian Basti, Departmental Representative B. G.S. Road, Guwahati-781005, Vs. Baruah Road, Guwahati-781007, Assam Assam (Appellant) (Respondent) Pan No. Agbpa9883C

transferred either to Aarda Foundation or the appellant Mr. Manoj Anand on the same day. This also shows the suspicious nature of activity being carried out by M/s Urch Trading Pvt. Ltd. without any business rationale. Considering the above facts of the case and in law, I fully concur with the findings given by the AO in the assessment order