LUNAWAT GEMS CORPORATION,JAIPUR vs. DY. CIT, CIRCLE-2, JAIPUR , JAIPUR

29. In view of the above discussion, the appeal filed by the assessee deserves to be dismissed

Bench: this Tribunal by way of ITSSA No. 13 & 14/JP/2003. The assessee filed cross-objections i.e. CO No. 20/JP/2003 and CO No. 21/JP/2003. Hon'ble ITAT Tribunal upheld the decision given by Learned CIT(A) regarding deletion of above said two additions. That is how, the Department felt dis-satisfied, and as such preferred D.B. Income Tax Appeal No. 195/2004 before the Hon'ble High Court. 7. Hon'ble High Court, vide order dated 02.11.2016, disposed of the

block return. 4. It may be mentioned here that earlier vide order dated 27.05.2002 the Learned Assessing Officer had completed assessment u/s 158BF read with 3 Lunawat Gems Corporation vs. DCIT section 143(3) of the Income Tax Act (hereinafter referred to as “Act”), at Rs. 87,45,810/- on the basis of the following two additions as under:- “* Addition

ACIT,CC-4, JAIPUR vs. SHRI RAMESH KUMAR MANTRI, JAIPUR

In the result appeals of the revenue are dismissed and the cross

TDS being deducted on the payment of interest which is duly recorded in the books of accounts of assesse and not on the excess amount as alleged by Ld.AO and further confirmed by Ld.CIT(A). CO No. 15 & 16/JP2020 & others ACIT vs. Sh. Ramesh Kumar Mantri Appellant prays that such observation being incorrectly made deserves to ignored and excluded

ACIT, CC-4, JAIPUR vs. SMT. SUNITA AGARWAL, JAIPUR

In the result appeals of the revenue are dismissed and the cross

TDS being deducted on the payment of interest which is duly recorded in the books of accounts of assesse and not on the excess amount as alleged by Ld.AO and further confirmed by Ld.CIT(A). CO No. 15 & 16/JP2020 & others ACIT vs. Sh. Ramesh Kumar Mantri Appellant prays that such observation being incorrectly made deserves to ignored and excluded

ACIT, CC-4, JAIPUR vs. SHRI MUKUT BEHARI AGARWAL, JAIPUR

In the result appeals of the revenue are dismissed and the cross

TDS being deducted on the payment of interest which is duly recorded in the books of accounts of assesse and not on the excess amount as alleged by Ld.AO and further confirmed by Ld.CIT(A). CO No. 15 & 16/JP2020 & others ACIT vs. Sh. Ramesh Kumar Mantri Appellant prays that such observation being incorrectly made deserves to ignored and excluded

ACIT, CC-4, JAIPUR vs. SMT. ASHA JAIN, JAIPUR

In the result appeals of the revenue are dismissed and the cross

TDS being deducted on the payment of interest which is duly recorded in the books of accounts of assesse and not on the excess amount as alleged by Ld.AO and further confirmed by Ld.CIT(A). CO No. 15 & 16/JP2020 & others ACIT vs. Sh. Ramesh Kumar Mantri Appellant prays that such observation being incorrectly made deserves to ignored and excluded

ACIT, CC-4, JAIPUR vs. SHRI MUKUT BEHARI AGARWAL, JAIPUR

In the result appeals of the revenue are dismissed and the cross

TDS being deducted on the payment of interest which is duly recorded in the books of accounts of assesse and not on the excess amount as alleged by Ld.AO and further confirmed by Ld.CIT(A). CO No. 15 & 16/JP2020 & others ACIT vs. Sh. Ramesh Kumar Mantri Appellant prays that such observation being incorrectly made deserves to ignored and excluded

ACIT, CC-4, JAIPUR vs. SHRI MUKESH JAIN, JAIPUR

In the result appeals of the revenue are dismissed and the cross

TDS being deducted on the payment of interest which is duly recorded in the books of accounts of assesse and not on the excess amount as alleged by Ld.AO and further confirmed by Ld.CIT(A). CO No. 15 & 16/JP2020 & others ACIT vs. Sh. Ramesh Kumar Mantri Appellant prays that such observation being incorrectly made deserves to ignored and excluded

ACIT, CC-4, JAIPUR vs. SHRI MUKESH JAIN, JAIPUR

In the result appeals of the revenue are dismissed and the cross

TDS being deducted on the payment of interest which is duly recorded in the books of accounts of assesse and not on the excess amount as alleged by Ld.AO and further confirmed by Ld.CIT(A). CO No. 15 & 16/JP2020 & others ACIT vs. Sh. Ramesh Kumar Mantri Appellant prays that such observation being incorrectly made deserves to ignored and excluded

ACIT,CC-4, JAIPUR vs. SHRI RAMESH KUMAR MANTRI, JAIPUR

In the result appeals of the revenue are dismissed and the cross

TDS being deducted on the payment of interest which is duly recorded in the books of accounts of assesse and not on the excess amount as alleged by Ld.AO and further confirmed by Ld.CIT(A). CO No. 15 & 16/JP2020 & others ACIT vs. Sh. Ramesh Kumar Mantri Appellant prays that such observation being incorrectly made deserves to ignored and excluded

ACIT, CC-4, JAIPUR vs. SMT. SANGEETA MANTRI, JAIPUR

In the result appeals of the revenue are dismissed and the cross

TDS being deducted on the payment of interest which is duly recorded in the books of accounts of assesse and not on the excess amount as alleged by Ld.AO and further confirmed by Ld.CIT(A). CO No. 15 & 16/JP2020 & others ACIT vs. Sh. Ramesh Kumar Mantri Appellant prays that such observation being incorrectly made deserves to ignored and excluded

CHAMBAL FERTILISERS AND CHEMICALS LIMITED,KOTA GADEPAN vs. PRINCIPAL COMMISSIONER OF INCOME TAX, SAVINA-UDAIPUR

block period of 10\nyears or 6 years, as the case may be. In case\nof regular assessments for which returns are\nfiled on yearly basis, section 4 of the Act is\nthe charging section. However, at what rate\nthe income is to be taxed is specified every\nyear by the Parliament in the Finance Act. In\ncontradistinction, when

PARSHAVNATH BUILDERS ,JAIPUR vs. PCIT, UDAIPUR

In the result, the appeal of the assessee is dismissed

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

TDS was deducted on the interest payment. Thus, in absence of anything adverse arising suspicion of the AO on the record with respect to the said creditor Sh. Shambhu Kumar, the AO was not supposed to have made addition further inquiry or addition which the Learned CIT wanted him to make simply because the quantum of the amount was huge

AHLUWALIA ERECTORS & FABRICATORS PRIVATE LIMITED,JAIPUR vs. ACIT, KOTA

In the result, the appeal of the assessee is partly allowed as indicated hereinabove

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

Block assessment—Computation of undisclosed income—Cash found during search—Assessee is entitled to furnish cash flow statement to explain the transactions when no books of account are maintained—In such circumstances it becomes the duty of the AO to verify the balance sheet and cash flow statement with the necessary material including the details already filed along with

INCOME TAX OFFICER, JAIPUR vs. RAKESH GOEL, JAIPUR

In the result, the appeal of the revenue is dismissed

TDS demand\nTotal Additions\nAmount (Rs.)\n3,69,70,000/-\n40,00,000/-\n9,43,030/-\n90,000/-\n23,88,331/-\n12,254/-\n4,44,03,615/-\nAggrieved by the order of the Id. AO, assesse has preferred an appeal before the\nId. CIT(A), wherein Id. CIT(A) partly allowed the appeal of the assessee and\nsame is summarised

APOORVA SHARMA,JAIPUR vs. ITO, WARD-6(4), JAIPUR

TDS deducted of Rs. 2,17,807/- and on the basis of said information and non filing of return, it was concluded that the income has escaped the assessment. 3.2 After recording the reasons by recording a categorical finding that assessee has received gross receipts amounting to Rs.21,60,840/- a notice u/s 133(6) dated

STATE BANK OF INDIA,NEHRU PALACE, TONK ROAD vs. ACIT, DCIT-TDS, JAIPUR

In the result, appeal of the assessee is allowed

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI GAGAN GOYAL (Accountant Member)

block assessment. Likewise section 201 also enumerates the assessment for 12 months period only i.e. assessment year not more than 12 months period by a single assessment order. It is further stated that all the appellate/demand/rectification proceedings are dealt with assessment year basis only i.e. for twelve months period only. In none of the situation assessment for two years

JAIPAL SINGH,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, JAIPUR

TDS made on the Income Tax\nPortal. Finally, the assessment has been completed after making addition of Rs.\n40,00,000/- u/s 69 of the IT Act, 1961 on account of alleged cash payment made\nfor purchase of residential flat and Rs.50,000/- u/s 69A of the IT Act, 1961 on\naccount of alleged loan(s) and advance

ZILA PARISHAD,BARAN vs. INCOME TAX OFFICER TDS, KOTA

In the result, appeal of the assessee is allowed for statistical purposes

Assessment Year : 2018-19. cuke Zila Parishad, The Income Tax Officer Vs. Mini Secretariat Expansion, TDS Block-1, Collectorate, Kota