NIRMAL KUMAR AGRAWAL,JAIPUR vs. DCIT, CIRCLE - 4 , JAIPUR

In the result, the appeal of the assessee is allowed

long term capital gain. The reliance is also placed on the following decisions: Pr. CIT vs Jatin Investment Pvt. Ltd. (Delhi High Court) S 68 Bogus Capital Gains: A transaction cannot be treated as fraudulent if the assessee has furnished documentary proof and proved the identity of the purchasers

MADAN MOHAN GUPTA ,KOTA vs. ITO WARD 1(3) , KOTA

bogus long term capital gain. The CIT(A) has discussed\neverything except the facts of the case. The appellant has given ample\ndocumentary evidence of purchase

PAWAN GUPTA,KOTA vs. ITO WARD 1(3) KOTA , KOTA

In the result, the appeal of the assessee is allowed with no orders as to costs

bogus long term capital gain. The CIT(A) has discussed\neverything except the facts of the case. The appellant has given ample documentary\nevidence of purchase

RAJRAJESHWARI GUPTA ,KOTA vs. ITO , WARD 1(1),KOTA, KOTA

In the result, the appeal of the assessee is allowed with no orders as to costs

Bench: Hon’ble SHRI SANDEEP GOSAIN (Judicial Member)

bogus long term capital gain. The CIT(A) has discussed everything except the facts of the case. The appellant has given ample documentary evidence of purchase

SUMIT GOEL,JAIPUR vs. INCOME TAX OFFICER , JAIPUR

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

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

bogus long term capital gain, whereas the assessee has not earned any exempted income or any capital gain income during the year under consideration. The learned AO did not provide any material during the assessment proceedings or even after framing the assessment order on which he has relied upon and made the addition. The Learned AO has also not allowed

SHRI ARNAV GOYAL,JAIPUR vs. ITO, WARD-2(4), JAIPUR

In the result, the appeal of the assessee is allowed

Bench: Hon’ble SHRI SANDEEP GOSAIN (Judicial Member)

bogus entity and further went on holding that long term capital gain earned by assessee on sale of shares of M/s Kappac Pharma Ltd. is merely an accommodation entry and exemption claimed u/s 10(38) was denied (even though assessee has neither purchased

SHRI ASHNUTH GOYAL,JAIPUR vs. ACIT, WARD -1(3), JAIPUR

In the result, the appeal of the assessee is allowed

Bench: Him. Thus, The Addition Of Rs. 30,04,864/- So Uphold Deserves To Be Deleted. Shri Ashnuth Goyal Vs Acit, Ward 1(3), Jaipur

bogus entity and further went on holding that long term capital gain earned by assessee on sale of shares of M/s Kappac Pharma Ltd. is merely an accommodation entry and exemption claimed u/s 10(38) was denied (even though assessee has neither purchased

DCIT, JAIPUR vs. VIGYAN LODHA, JAIPUR

In the result, the appeal of the Department is dismissed

purchase and sale of shares and consequential Long Term Capital Gain cannot be treated as 43 ITA169/JP/2022 DCIT, CENTRALL CIRCLE -6, JAIPUR VS SHRI VIGYAN LODHA bogus

HARISH SHARMA HUF,B-1, PATODIYA MARG, SHASTRI NAGAR, JAIPUR vs. ITO, WARD-5(3), JAIPUR

In the result the appeal of the assessee is dismissed

bogus long term capital gains. Accordingly, a show cause letter dt. 09.11.21016 (reproduced at pages 4-5 of the assessment order) was issued to the assessee to justify the LTCG claimed as exempt u/s 10(38) as the offline purchase

SITA DEVI AGARWAL,JAIPUR vs. ITO, WD-4(1), JAIPUR

In the result, the appeal filed by the assessee is allowed

bogus entry of Long Term Capital Gains. Your reply (in soft copy also) should reach the undersigned on or before 20-12-2016 failing which it will be construed that you do not have any explanation to offer in this regard and the assessment will be completed as proposed and on the basis of material on record, without any further

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

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

bogus Long Term Capital Gain (v) Any other information received by the AO from any government agency or any other organization gersoll response to enquiries conducted u/s 131/ 133(6) or otherwise, which shows that the appellant had received accommodation entry in the form of Long Term Capital Gain by making cash payment to the person or his agent/ associate

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

In the result appeals of the revenue are dismissed

bogus and from Penny Stock companies and Commission paid thereon: In the grounds of appeal raised in respect of this issue, department has challenged the order passed by ld.CIT(A) wherein the Long Term capital gain earned/short term capital loss on sharesis held as genuine.The details of addition made in respect of each individual assessee and the respective ground

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

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

bogus Long Term Capital Gain (v) Any other information received by the AO from any government agency or any other organization gersoll response to enquiries conducted u/s 131/ 133(6) or otherwise, which shows that the appellant had received accommodation entry in the form of Long Term Capital Gain by making cash payment to the person or his agent/ associate

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

In the result appeals of the revenue are dismissed

bogus and from Penny Stock companies and Commission paid thereon: In the grounds of appeal raised in respect of this issue, department has challenged the order passed by ld.CIT(A) wherein the Long Term capital gain earned/short term capital loss on sharesis held as genuine.The details of addition made in respect of each individual assessee and the respective ground

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

In the result appeals of the revenue are dismissed

bogus and from Penny Stock companies and Commission paid thereon: In the grounds of appeal raised in respect of this issue, department has challenged the order passed by ld.CIT(A) wherein the Long Term capital gain earned/short term capital loss on sharesis held as genuine.The details of addition made in respect of each individual assessee and the respective ground

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

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

bogus Long Term Capital Gain (v) Any other information received by the AO from any government agency or any other organization gersoll response to enquiries conducted u/s 131/ 133(6) or otherwise, which shows that the appellant had received accommodation entry in the form of Long Term Capital Gain by making cash payment to the person or his agent/ associate

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

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

bogus Long Term Capital Gain (v) Any other information received by the AO from any government agency or any other organization gersoll response to enquiries conducted u/s 131/ 133(6) or otherwise, which shows that the appellant had received accommodation entry in the form of Long Term Capital Gain by making cash payment to the person or his agent/ associate

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

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

bogus Long Term Capital Gain (v) Any other information received by the AO from any government agency or any other organization gersoll response to enquiries conducted u/s 131/ 133(6) or otherwise, which shows that the appellant had received accommodation entry in the form of Long Term Capital Gain by making cash payment to the person or his agent/ associate