GOVINDAM EXPORT,JAIPUR, RAJASTHAN vs. DCIT, CIRCLE-1, JPR, JAIPUR, RAJASTHAN

In the results all the appeals filed by the assessee ITA Nos

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

bogus purchase bills without having documentary evidence. The department has carried out intensive search operations and no documentary evidence was brought to our notice to support the findings of the lower authorities. Therefore, in the circumstances and facts of the case, the findings of the lower authorities in this regard cannot be sustained. The bench noted this bench

GOVINDAM EXPORT,JAIPUR, RAJASTHAN vs. DCIT, CIRCLE-1, JAIPUR, RAJASTHAN

Section 108 of Custom Act\n95 to 115\n116 to 125\n126 to 127\n128 to 146\nThus, bench noted that revenue has no material to support that the\nassessee has made any bogus or unverifiable purchases

GOVINDAM EXPORT,JAIPUR, RAJASTHAN vs. DCIT, CIRCLE-1, JAIPUR, RAJASTHAN

Section 108 of Custom Act\n95 to 115\n116 to 125\n126 to 127\n128 to 146\nThus, bench noted that revenue has no material to support that the\nassessee has made any bogus or unverifiable purchases

GOVINDAM EXPORT,JAIPUR, RAJASTHAN vs. DCIT, CIRCLE-1, JAIPUR, RAJASTHAN

Section 108 of Custom Act\n95 to 115\n116 to 125\n126 to 127\n128 to 146\nThus, bench noted that revenue has no material to support that the\nassessee has made any bogus or unverifiable purchases

GOVINDAM EXPORT,JAIPUR, RAJASTHAN vs. DCIT, CIRCLE-1, JAIPUR, RAJASTHAN

Section 108 of Custom Act\n95 to 115\n116 to 125\n126 to 127\n128 to 146\nThus, bench noted that revenue has no material to support that the\nassessee has made any bogus or unverifiable purchases

INCOME TAX OFFICER, JAIPUR vs. MOTISONS JEWELLERS LTDL, JAIPUR

purchases on credit before the demonetization from M/s Girdhar Jewellers Pvt. Ltd, on credit before demonetization period from 19.07.2016 to 15.10.2016 amounting Rs 18,83,64,457/-. Based on all these defects noted by the ld. AO, he has rejected the book results of the assessee u/s. 145(3) of the Act and proceeded to considered the cash sales

DEPUTY COMMISSIONER OF INCOME TAX , JAIPUR vs. BHARAT SPUN PIPE AND CONSTRUCTION COMPANY, JAIPUR

In the result the appeal of the revenue in ITA no

purchases and assessee firm is one\nof the beneficiaries who has carried out bogus transaction of Rs.6,46,31,000/-\nwith M/s DRAIPL during the year under consideration which is liable to be added\nto the total income of the assessee and alleging that the same has not included in\nthe total income declared in income tax return and consequently

MAHESH KUMAR GUPTA,JAIPUR vs. ACIT ,CIRCLE-4, JAIPUR

In the result, appeal of the assessee is allowed

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

115 taxmann.com 342 [CLC Pages 206 to 279]. The facts in this case are assessee company was engaged in purchase and sale of dry fruits and other grocery items. It deposited Rs.180.53 crore post-demonetization in its Bank accounts, out of sale proceeds. During the course of assessment proceedings, assessee submitted details of closing stock, list of debtors, details

PEEYUSH AGARWAL,JAIPUR, RAJASTHAN vs. ITO, WARD 1(5), JAIPUR, JAIPUR, RAJASTHAN

In the result Ground and 1 and 2 raised by the assessee are allowed

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

section 68 of the 51 Peeyush Agarwal, Jaipur. Act that will amount to double taxation once as sales and again as unexplained cash credit which is against the principles of taxation. Assessee was having only one source of income from trading in beedi, tea power and pan masala and therefore provisions of section 115BBE of the Act will have

KALINDEE ESTATES PRIVATE LIMITED,JAIPUR vs. INCOME TAX OFFICER , JAIPUR

purchases of shares, then the amount received by the company\nwould be regarded as a application receipt.\n4. 397 ITR 136 CIT Vs. Orchid Industries Pvt. Ltd. (Bom)\n[DOD:05.07.2017]\nCash Credits\nCompany Share application money Issuance of shares\nGenuineness and creditworthiness of persons allotted shares proved by assessee\nNon-appearance of such parties before Assessing Officer irrelevant – Deletion

JITENDRA KUMAR TAHILRAMANI,JAIPUR vs. ITO WARD-2, JAIPUR., JAIPUR

Bench: Him.

115 taxmann.com 342. The facts in this case are assessee company was engaged in purchase and sale of dry fruits and other grocery items. It deposited Rs.180.53 crore post-demonetization in its Bank accounts, out of sale proceeds. During the course of assessment proceedings, assessee submitted details of closing stock, list of debtors, details of purchases and sales party-wise

MACRO TOWNSHIP PVT LTD,288-289 MAHAVEER NAGAR DURGAPURA JAIPUR vs. DCIT CC -2 JAIPUR , LIC BUILDING JAIPUR

In the result, the appeals of the assessee are allowed

Bench: HON’BLE SHRI SANDEEP GOSAIN, JM & HON’BLE SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

115 BBE of the Income Tax Act in respect of various additions made by him. The appellant craves leave of the Hon'ble Tribunal to amend or raise any other ground, cross objection, including any additional ground of appeal not set out in the appeal Memo. M/s. Macro Township Pvt. Ltd., Jaipur. 2. First, we take up the appeal

MACRO TOWNSHIP PVT LTD,288-289 MAHAVEER NAGAR DURGAPURA JAIPUR vs. DCIT CC -2 JAIPUR, LIC BUILDING JAIPUR

In the result, the appeals of the assessee are allowed

Bench: HON’BLE SHRI SANDEEP GOSAIN, JM & HON’BLE SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

115 BBE of the Income Tax Act in respect of various additions made by him. The appellant craves leave of the Hon'ble Tribunal to amend or raise any other ground, cross objection, including any additional ground of appeal not set out in the appeal Memo. M/s. Macro Township Pvt. Ltd., Jaipur. 2. First, we take up the appeal

MACRO TOWNSHIP PVT LTD,288-289 MAHAVEER NAGAR DURGAPURA JAIPUR vs. DCIT CC-2 JAIPUR, LIC BUILDING JAIPUR

In the result, the appeals of the assessee are allowed

Bench: HON’BLE SHRI SANDEEP GOSAIN, JM & HON’BLE SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

115 BBE of the Income Tax Act in respect of various additions made by him. The appellant craves leave of the Hon'ble Tribunal to amend or raise any other ground, cross objection, including any additional ground of appeal not set out in the appeal Memo. M/s. Macro Township Pvt. Ltd., Jaipur. 2. First, we take up the appeal

PRADEEP KUMAR DUSAD,JAIPUR vs. DY. COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2, JAIPUR

47. As a result, ITA No

Bench: SHRI GAGAN GOYAL (Accountant Member), SHRI NARINDER KUMAR (Judicial Member)

Bogus LTCG claimed by the assessee under section 10(38) of the Act, while holding that an amount of Rs. 44,68,330/-was to be treated as Income from Other sources, for the reasons recorded by him; (ii) of Rs. 89,367/-Relating to Commission paid for acquisition of an accommodation entry, as discussed in the order

SH. KAPIL TANEJA,JAIPUR vs. THE DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1, JAIPUR

In the result, the appeal of the assessee is allowed

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

115 (Punjab & Haryana) Held: Scheme of faceless assessment applies from stage of show cause notice under section 148, and its object would be defeated if such notices are issued by Jurisdictional Assessing Officer. 14 Sh. Kapil Taneja vs. DCIT Mettler Toledo India (P.) Ltd. v. Assistant Commissioner of Income-tax [2024] 165 taxmann.com 541 (Bombay) Held: Where reassessment notice

RAVINDER SINGH THAKKAR,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, JAIPUR

In the result the appeal of the assessee in ITA no

115\n(Punjab & Haryana)\nHeld: Scheme of faceless assessment applies from stage of show cause notice\nunder section 148, and its object would be defeated if such notices are issued by\nJurisdictional Assessing Officer.\nMettler Toledo India (P.) Ltd. v. Assistant Commissioner of Income-tax\n[2024] 165 taxmann.com 541 (Bombay)\nHeld: Where reassessment notice was issued by jurisdictional Assessing

RAVINDER SINGH THAKKAR,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, JAIPUR

In the result the appeal of the assessee in ITA no

115\n(Punjab & Haryana)\nHeld: Scheme of faceless assessment applies from stage of show cause notice\nunder section 148, and its object would be defeated if such notices are issued by\nJurisdictional Assessing Officer.\nMettler Toledo India (P.) Ltd. v. Assistant Commissioner of Income-tax\n[2024] 165 taxmann.com 541 (Bombay)\nHeld: Where reassessment notice was issued by jurisdictional Assessing