AJAY BAKLIWAL,KOTA vs. ACIT, CENTRAL CIRCLE, KOTA, KOTA

bogus claim in the return filed. However, the question\nto be considered was whether the assessee could be the beneficiary of its own\nfraud or mistake and whether the Assessing Officer was prevented from correcting\nthe same under section 147. It was to be noted that the Explanation to section\n147(2) specifically provides that the excessive relief granted under

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. USHA BANKA, SIKAR

In the result, the appeals of the revenue in ITA No

2 and others-JP-2025\nDCIT vs. Vaibhav Banka and others\nassessee one of the member of \"Dewan Group had claimed Long Term\nCapital Gain u/s 10(38) of Act for an amount of Rs.40,15,061.29.\nLd. AO went on examination that various persons of \"Dewan Group\"\nhad initially purchased the shares of M/s. Anax Com Trade

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. SARITA DEWAN, SIKAR

In the result, the appeals of the revenue in ITA No

15,061/- made by the Assessing Officer\ndisallowing the exemption of Long Term Capital Gains on account of unexplained\ncredits u/s 68 of the IT Act 1961.\n2. Whether on facts and in circumstances of the case and in law, the Ld.\nCIT(A) is justified in deleting the addition of 2,05,753/- made by the AO on account

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. VIPUL BANKA, SIKAR

In the result, the appeals of the revenue in ITA No

15,061/- made by the Assessing Officer\ndisallowing the exemption of Long Term Capital Gains on account of unexplained\ncredits u/s 68 of the IT Act 1961.\n2. Whether on facts and in circumstances of the case and in law, the Ld.\nCIT(A) is justified in deleting the addition of 2,05,753/- made by the AO on account

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. TRILOK DEWAN, SIKAR

In the result, the appeals of the revenue in ITA No

15,061/- made by the Assessing Officer\ndisallowing the exemption of Long Term Capital Gains on account of unexplained\ncredits u/s 68 of the IT Act 1961.\n2.\nWhether on facts and in circumstances of the case and in law, the Ld.\nCIT(A) is justified in deleting the addition of 2,05,753/- made by the AO on account

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. SARITA DEWAN, SIKAR

In the result, the appeals of the revenue in ITA No

15,061/- made by the Assessing Officer\ndisallowing the exemption of Long Term Capital Gains on account of unexplained\ncredits u/s 68 of the IT Act 1961.\n2.\nWhether on facts and in circumstances of the case and in law, the Ld.\nCIT(A) is justified in deleting the addition of 2,05,753/- made by the AO on account

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. SUBHASH CHANDRA BANKA, SIKAR

In the result, the appeals of the revenue in ITA No

15,061/- made by the Assessing Officer\ndisallowing the exemption of Long Term Capital Gains on account of unexplained\ncredits u/s 68 of the IT Act 1961.\n2. Whether on facts and in circumstances of the case and in law, the Ld.\nCIT(A) is justified in deleting the addition of 2,05,753/- made by the AO on account

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. PRIYA DEWAN, SIKAR

In the result, the appeals of the revenue in ITA No

15,061/- made by the Assessing Officer\ndisallowing the exemption of Long Term Capital Gains on account of unexplained\ncredits u/s 68 of the IT Act 1961.\n2. Whether on facts and in circumstances of the case and in law, the Ld.\nCIT(A) is justified in deleting the addition of 2,05,753/- made by the AO on account

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. PRIYA DEWAN, SIKAR

In the result, the appeals of the revenue in ITA No

15,061/- made by the Assessing Officer\ndisallowing the exemption of Long Term Capital Gains on account of unexplained\ncredits u/s 68 of the IT Act 1961.\n2. Whether on facts and in circumstances of the case and in law, the Ld.\nCIT(A) is justified in deleting the addition of 2,05,753/- made by the AO on account

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. SNEHLATA AGARWAL, SIKAR

In the result, the appeals of the revenue in ITA No

15,061/- made by the Assessing Officer\ndisallowing the exemption of Long Term Capital Gains on account of unexplained\ncredits u/s 68 of the IT Act 1961.\n2. Whether on facts and in circumstances of the case and in law, the Ld.\nCIT(A) is justified in deleting the addition of 2,05,753/- made by the AO on account

DCIT, CENTRAL CIRCLE-1, JAIPUR , JAIPUR vs. USHA BANKA, SIKAR

In the result, the appeals of the revenue in ITA No

15,061/- made by the Assessing Officer\ndisallowing the exemption of Long Term Capital Gains on account of unexplained\ncredits u/s 68 of the IT Act 1961.\n2. Whether on facts and in circumstances of the case and in law, the Ld.\nCIT(A) is justified in deleting the addition of 2,05,753/- made by the AO on account

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. ANIMESH AGARWAL, SIKAR

In the result, the appeals of the revenue in ITA No

15,061/- made by the Assessing Officer\ndisallowing the exemption of Long Term Capital Gains on account of unexplained\ncredits u/s 68 of the IT Act 1961.\n2. Whether on facts and in circumstances of the case and in law, the Ld.\nCIT(A) is justified in deleting the addition of 2,05,753/- made by the AO on account

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. SNEHLATA AGARWAL, SIKAR

In the result, the appeals of the revenue in ITA No

15,061/- made by the Assessing Officer\ndisallowing the exemption of Long Term Capital Gains on account of unexplained\ncredits u/s 68 of the IT Act 1961.\n\n2.\nWhether on facts and in circumstances of the case and in law, the Ld.\nCIT(A) is justified in deleting the addition of 2,05,753/- made

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)

15 Dinesh Haldia vs. DCIT So far as the question of deduction of purchases from the corresponding sales are concerned, we may mention that the applicant being a manufacturer of chuni-bhusi and purchases having been found to be bogus and there is no other purchases of chuni-bhusi, the benefit of deduction of such purchases has rightly been disallowed

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.

2 Through this ground, the appellant has challenged the addition of Rs. 8,77,442/- being 25 percent of alleged bogus purchases of Rs.35,09,770/- made from 3 parties alleged to be controlled by Bhanwar Lal Jain group of Mumbai. In the appellant's case, as per information from DGIT(Inv.), Mumbai, a search and seizure action under section

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

In the result, appeal of the assessee is allowed

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

section 145(3) is illegal and unjustified and deserves to be quashed. Ground No. 1 : That under the facts and circumstances of the case, the Id. CIT (A) has erred seriously on facts in sustaining the action of the ld. AO in considering purchases of a sum of Rs. 3,21,93,468 made from 11 parties as bogus

CENTRE FOR DEVELOPMENT COMMUNICATION TRUST,JAIPUR vs. COMMISSIONER OF INCOME TAX EXEMPTION, JAIPUR

bogus expenses and by\nusing the money of trust by taking the various advances. However, it is further cleared\nthat Honble Apex Court in three recent decision namely Ahmedabad developmental\nauthority 143 taxman 278, New Nobel Education 143 taxman 246, and Baba Banda\nBahadur Civil Appeal No. 10511 of 2013, had made remarkable change, where the theory\nof dominant objects

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-4, JAIPUR, JAIPUR vs. SUNDER DAS SONKIYA, JAIPUR

In the result, both appeals of the revenue are dismissed

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

bogus purchase bills from the above entry providers. In the list supplied by the DCIT, CC-4, Surat name of the assessee Shri Sunder Das Sonkia (Prop. M/s S. Naveen Jewellers) also find place who had obtained purchase bills amounting to Rs. 1,73,34,424/- from Mis Aadi Impex (Prop. Anoop Jain), M/s Arihant 5 DCIT vs. Sunder