SHREE CEMENT LIMITED,BEAWAR vs. NATIONAL FACELESS ASSESSMENT CENTRE, DEPUTY COMMISSIONEROF INCOME TAX, CIRCLE -2, AJMER, AJMER

In the result, the appeal of the Revenue in ITA No

Bench: or at the time of hearing of this appeal.

bogus purchases. 7. That on the facts and in the circumstances of the case, the Ld. CIT (Appeals), was not justified and erred in law in not considering incentives amounting to Rs. 3,39,74,28,174/- granted to the appellant as capital receipt which are not exigible to tax while computing total income under normal provisions

DINESH HALDIA,JAIPUR vs. DCIT CIRCLE 1, JAIPUR, JAIPUR

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

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

section 260A (set aside) r.w.s. 153A of the Income Tax Act, by DCIT, Circle-01, Jaipur. 2. In this appeal, the assessee has raised following grounds: - 2 Dinesh Haldia vs. DCIT “I That the learned CIT (Appeal) erred in sustaining addition u/s. 69C of the I.T. Act made by the AO at Rs. 13,00,000/- in the total income

BHASKAR CHOUHAN,JAIPUR vs. INCOME TAX OFFICER, SIKAR

5\n6\nITA Nos.533 & 868/JPR/2024\nBhaskar Chouhan, Sikar\n3.3 Based on the information in possession of the Id. AO he\nnoted that the assessee maintained bank account with AXIS BANK\nhaving No.916020049304891 in the name of Murlidhar Impex\nduring the year under consideration. On perusal of the ITR filed, it\nis noticed that the Bank account is not disclosed

SHRI KHANDELWAL DIAMONDS PRIVATE LIMITED,JAIPUR vs. ACIT, CIRCLE 1, JAIPUR, JAIPUR

In the result, appeal of the assessee is partly allowed

Bench: Him On The Reason Of Issuing Notice U/S 148 On Borrowed Satisfaction Of Another Wing Of The Department.

Section 147/148 of the Act to reopen the assessments for the AYs in question does not satisfy the requirement of law.". The facts of the present case are exactly similar to above cited four cases and hence it is sincerely requested that the whole proceedings u/s 147 may kindly be declared void ab initio and the order so passed

INCOME TAX OFFICER WARD-1(1), JAIPUR vs. KIRAN INFRA ISPAT LIMITED, JAIPUR

bogus sale of TMT Bars to the said M/s Mamta\nTrading Company and accordingly the amount of credit is unexplained\nand ld. AO has rightly added the same. It was requested by ld. DR that\norder of ld. CIT(A) may be reversed and order of AO may be restored.\n7.\nPer contra, the ld. AR of assessee has filed

INCOME TAX OFFICER , SIKAR vs. BHASKAR CHAUHAN, JAIPUR

In the result the appeal of the revenue in ITA no

Bench: Him.

139, section 147, section 148, section 149, section 151 and section 153, where the Assessing Officer is satisfied that,- (a) any money, bullion, jewellery or other valuable article or thing, seized or requisitioned, belongs to; or (b) any books of account or documents, seized or requisitioned, pertains or pertain to, or any information contained therein, relates to, A person other

JAJOO RASHMI REFRACTORIES LIMITED,JAIPUR, RAJASTHAN vs. DCIT, CIRCLE 4-JAIPUR,, JAIPUR, RAJASTHAN

In the result, the appeal of the assessee is allowed for\nstatistical purposes

5 third last para and onwards)\nThe Ld. AO further stated that the assessee stated that \"we have no correlation with the\nstatements made by Vijay Kumar Jain. We don't know him. You are requested to kindly provide\nus with the copy of his statement and grant us an opportunity to cross examine him. However,\nthe Ld. AO denied

KANDOI METAL POWDERS MANUFACTRUING COMPANY,JAIPUR vs. DCIT, CC-3, JAIPUR

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

Bench: SHRI SANDEEP GOSAIN (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

bogus purchase. Thereafter, the assessee filed Misc. Application contending that our High Court in that case while estimating the profit also held that in para 6 that “in our consider opinion, taking into account, the industry which is running the business, the addition which have been made on the Kandoi Metal Powders Manufacturing Co. basis of GP which has been

SATYA NARAYAN ,BHARATPUR vs. ITO WARD 1, BHARATPUR

In the result, the appeal of the assessee is allowed

Bench: SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member), SHRI NARINDER KUMAR, JM आयकर अपील सं. / ITA No. 1434/JP/2024 निर्धारण वर्ष / Assessment Year : 2021-22 Satya Narayan बनाम Income Tax Officer, Prop. M/s Shiv Charan Lal Satya Vs. Ward -1, Narayan, Navin Mandi Yard, Nadbai, Bharatpur Bharatpur स्थायीलेखा सं. / जीआईआर सं./PAN/GIR No.: AAPPN9055M अपीलार्थी / Appellant प्रत्यर्थी / Respondent निर्धारिती की ओर से / Assessee by: Sh. Ashish Khandelwal, CA राजस्व की ओर से/Revenue by: Sh. Anup Singh

bogus expenses in order to reduce its profit / taxable income. As a result, notices u/s 143(2), u/s 142(1) and other notices/letters were issued from time to time for conducting enquiries and making compliances. The assessee was required to furnish reply to inter-alia regarding purchases, transportation, payments to suppliers, expenses etc. In response to the above, the assessee

SHIVAM READYMIX PRIVATE LIMITED,NEEMUCH vs. THE PCIT(CENTRAL), JAIPUR

In the result, the appeal of the assessee is allowed

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

bogus purchases as compared to G.P. on normal purchases In the present case also, since the ld. AO has examined the profit worked out on unaccounted purchases and has accepted such working prepared by assessee by observing that : “It is also submitted that assessee company has now offered the additional undisclosed income based on GP rate of its business activity

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)

section 143(3) of Income Tax Act 1961 on 22.03.2006 wherein the total income of the assessee was computed tabulated here in below :- Assessment Year Income declared in return Income Assessed u/s u/s 139(1) (Rs.) 153A (Rs.) 1998-1999 1690 4,56,069 Govindam Export vs. DCIT 1999-2000 0 5

SHRI PREM INDUSTRIES,BHARATPUR vs. INCOME TAX OFFICER WARD-1, BHARATPUR

The appeal is disposed of, and the matter is remanded to

Bench: SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member), SHRI NARINDER KUMAR (Judicial Member)

5 of the submission dated 10-01-2023 put forth by the assessee itself that said firm Ms/s. Prem Industries, Bharatpur had deposited this amount through credit ledger of excess ITC on 17-01-2020 and debited the said amount of M/s. Shiv Agro Sales, Sri Ganganagar. In view of all this, the AO was justified in observing in para

PRAMOD KUMAR CHOUDHARY,JAIPUR vs. ITO, JAIPUR

In the result, the appeal of the assessee is allowed

bogus purchases is also not\nbased on any enquiry or verification of record by the AO but this is simply\nreproduction of information received from the Investigation Wing. The said\ninformation is also incomplete as regards the details of the purchases and the\nparties from whom such purchases were made by the assessee. Thus the reasons\nrecorded

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

section 143(3)\nof Income Tax Act 1961 on 22.03.2006 wherein the total income of the\nassessee was computed tabulated here in below : -\n Assessment Year\nIncome declared in return\nu/s 139(1) (Rs.)\nIncome Assessed u/s\n153A (Rs.)\n1998-1999\n1690\n4,56,069\n1999-2000\n0\n5,38,911\n2000-2001\n0\n60,57,063\n2001

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

section 143(3)\nof Income Tax Act 1961 on 22.03.2006 wherein the total income of the\nassessee was computed tabulated here in below :-\n Assessment Year\nIncome declared in return\nu/s 139(1) (Rs.)\nIncome Assessed u/s\n153A (Rs.)\n1998-1999\n1690\n4,56,069\n1999-2000\n0\n5,38,911\n2000-2001\n0\n60,57,063\n2001

R P WOOD PRODUCTS PVT LTD ,NAYA BAZAR AJMER vs. DCIT CENTRAL CIRCLE AJMER, JAIPUR ROAD AJMER

In the result, appeal of the assessee is partly allowed and the appeal of the Revenue is dismissed

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

5. We have considered the rival submissions as well as the relevant material on record. During the course of search and seizure action under section 132 of the Act conducted on 15th October, 2014,the assessee disclosed income of Rs. 9,01,00,000/- in his statement made under section 132(4) of the Act. The said disclosure was made

ABHAY CHORDIA,JAIPUR vs. DCIT CIRCLE 1, JAIPUR

Appeal of the assessee is partly allowed

Bench: SHRI SANDEEP GOSAIN (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

5 Abhay Chordia vs. DCIT ld. AO noted the assessee is indulged in accommodation entry of purchase of goods without any physical deliveries. In such circumstances, the books of accounts kept by the assessee cannot give true picture of the profit earned. Hence provisions of section 145(3) are invoked in this case and 25 % as cush purchases

SHREE CEMENT LIMITED,BANGUR NAGAR vs. ACIT, CENTRAL CIRCLE, AJMER

In the result, the appeal of the assessee - appellant in ITA No

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

purchases, amounting to Rs. 1,55,68,397/- was flagged on Insight portal for FY 2018-19 relevant to AY 2019-20 as per Risk Management Strategy of CBDT. 4.1 On the basis of above information, notice u/s 148A(b) was issued on 27.03.2023 and after considering the reply of the assessee, order u/s 148A(d) was passed