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

bogus sale bills without supplying the goods mentioned in the bills. After\nsearch (20.05.2009) the case of the assesssee was centralized with ACIT,\nCentral Circle-1, Jaipur, who issued notice under Section-153A to the assessee\ncompany on 23.09.2009. In response the return was filed on 28.04.2011,\ndeclaring income of Rs. 17,86,470. Assessment was completed

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

bogus sale bills without supplying the goods mentioned in the bills. After\nsearch (20.05.2009) the case of the assesssee was centralized with ACIT,\nCentral Circle-1, Jaipur, who issued notice under Section-153A to the assessee\ncompany on 23.09.2009. In response the return was filed on 28.04.2011,\ndeclaring income of Rs. 17,86,470. Assessment was completed

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

bogus sale bills without supplying the goods mentioned in the bills. After\nsearch (20.05.2009) the case of the assesssee was centralized with ACIT,\nCentral Circle-1, Jaipur, who issued notice under Section-153A to the assessee\ncompany on 23.09.2009. In response the return was filed on 28.04.2011,\ndeclaring income of Rs. 17,86,470. Assessment was completed

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

bogus sale bills without supplying the goods mentioned in the bills. After\nsearch (20.05.2009) the case of the assesssee was centralized with ACIT,\nCentral Circle-1, Jaipur, who issued notice under Section-153A to the assessee\ncompany on 23.09.2009. In response the return was filed on 28.04.2011,\ndeclaring income of Rs. 17,86,470. Assessment was completed

SMT. LAKSHMI AGARWAL ,JAIPUR vs. ITO, WARD-4(5), JAIPUR, JAIPUR

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

Bench: recording satisfaction for issuance of notice since the information is specific. Thus the reasons recorded for re-opening is on borrowed satisfaction and not on any satisfaction by the AO. The

201, Sumangal Apartment, Ward 4(5) Near Kavantia Hospital, Shastri Nagar, Jaipur Jaipur LFkk;h ys[kk la-@thvkbZvkj la-@PAN/GIR No.: AGXPA 1347 F vihykFkhZ@Appellant izR;FkhZ@Respondent fu/kZkfjrh dh vksj ls@Assessee by : Shri P.C. Parwal, CA jktLo dh vksj ls@Revenue by: Mrs. Monisha Choudhary, Addl. CIT-DR lquokbZ dh rkjh[k@Date of Hearing : 10/07/2024

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

Section 131 to both\nthe brokers (No notices u/s 131 were issued to the broker) from whom shares\nwere purchased and sold and statements were recorded. The AO also analyzed\nthe balance sheet of M/s Ankur International Ltd. (The balance sheet of\nBakra Pratisthan was not available before the AO, what to talk of its analysis)\nto justify

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 penny stocks capital gains: Section 131 statement implicating the assessee is not\nsufficient to draw an adverse inference against the assessee when the documentary evidence in\nthe form of contract notes, bank statements, STT payments, etc. prove genuine purchase and sale\nof penny stock. Failure to provide cross-examination is a fatal error.\nApart from the above written submission

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

SHREE CEMENT LIMITED,BEAWAR vs. NATIONAL FACELESS ASSESSMENT CENTRE, DELHI

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

PRIYANKA SURANA,JAIPUR vs. ITO WARD 5(1), JAIPUR, JAIPUR

In the result, the appeal of the assesee is allowed

Bench: SHRI SANDEEP GOSAIN (Judicial Member)

201, Sterling Apartment, B-6-B Ward 5 (1) Prithviraj Road, C-Scheme Jaipur Jaipur LFkk;h ys[kk la-@thvkbZvkj la-@PAN/GIR No.: AAZPS 1109 H vihykFkhZ@Appellant izR;FkhZ@Respondent fu/kZkfjrh dh vksj ls@Assessee by : Shri Sharwan Kumar Gupta, Adv. jktLo dh vksj ls@Revenue by: Smt. Monisha Choudhary, Addl. CIT-DR lquokbZ dh rkjh[k@Date

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

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

purchase receipts\n3. Sale bill cum contract note (Annexure A/5)\n4. Copy of Demat Account\n5. Copy of Bank Account showing the sale receipts\n6. Copy of Return of Income for AY 2016-17 where assessee has\ndeclared income of Rs.45,14,780/- under the head LTCG exempt\nunder section 10(38) of the Act. (Annexure A/1)\nHe also based

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)

Section 131 to both the brokers (No notices u/s 131 were issued to the broker) from whom shares were purchased and sold and statements were recorded. The AO also analyzed the balance sheet of M/s Ankur International Ltd. (The balance sheet of Bakra Pratisthan was not available before the AO, what to talk of its analysis) to justify

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

bogus purchases.\n7. 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

DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-3, JAIPUR vs. SAPNA KARNANI, TONK PHATAK

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

purchases and deposit in bank account\nvide judgment delivered on 19.01.2022. It has held that where the ITAT decided\nthe matter based on appreciation of evidences placed on record and the order of\nITAT not being challenged on ground of perversity, no substantial question of law\narises. It also held that the investigation wing directed the A O to frame

SWAMI KESHWANAND SHIKSHAN SANSTHAN,SIKAR vs. ITO (EXEMPTION), WARD-2, JAIPUR

Appeal is partly allowed

Bench: Shri Sandeep Gosain, Jm & Shri Vikram Singh Yadav, Am Vk;Dj Vihy La-@Ita No. 309 & 310/Jp/2020 Assessment Years: 2012-13 & 2013-14 Swami Keshwanand Sikshan Cuke I.T.O. (Exemption), Vs. Sansthan, Ward-2, N.H.11, Bhadhadhar, Sikar-332315 Jaipur (Rajasthan). (Raj) Pan No.: Aafts 2816 M Vihykfkhz@Appellant Izr;Fkhz@Respondent Fu/Kzkfjrh Dh Vksj Ls@ Assessee By : Shri Shafi Mohammed (Adv) Jktlo Dh Vksj Ls@ Revenue By : Smt. Monisha Choudhary (Jcit) Lquokbz Dh Rkjh[K@ Date Of Hearing : 15/03/2021 Mn?Kks"K.Kk Dh Rkjh[K@ Date Of Pronouncement : 13/04/2021 Vkns'K@ Order Per: Sandeep Gosain, J.M. Both These Appeals Have Been Filed By The Assessee Against The Separate Orders Of The Ld. Cit(A)-3, Jaipur Dated 17/09/2020 & 10/09/2020 For The A.Y. 2012-13 & 2013-14 Respectively.

purchase of land. (vii) Sustaining the addition of Rs. 16,53,383/- on account of bogus creditors. (viii) Sustaining the Addition of Rs. 26,87,000/- on account of difference in advertisement expenses. 3 ITA 309 & 310/JP/2020_ Swami Keshwanand Sikshan Sansthan Vs ITO(E) (ix) Sustaining the act of Ld. Assessing Officer about the disallowance of exemption

SWAMI KESHWANAND SHIKSHAN SANSTHAN,SIKAR vs. ITO (EXEMPTION), WARD-2, JAIPUR

Appeal is partly allowed

Bench: Shri Sandeep Gosain, Jm & Shri Vikram Singh Yadav, Am Vk;Dj Vihy La-@Ita No. 309 & 310/Jp/2020 Assessment Years: 2012-13 & 2013-14 Swami Keshwanand Sikshan Cuke I.T.O. (Exemption), Vs. Sansthan, Ward-2, N.H.11, Bhadhadhar, Sikar-332315 Jaipur (Rajasthan). (Raj) Pan No.: Aafts 2816 M Vihykfkhz@Appellant Izr;Fkhz@Respondent Fu/Kzkfjrh Dh Vksj Ls@ Assessee By : Shri Shafi Mohammed (Adv) Jktlo Dh Vksj Ls@ Revenue By : Smt. Monisha Choudhary (Jcit) Lquokbz Dh Rkjh[K@ Date Of Hearing : 15/03/2021 Mn?Kks"K.Kk Dh Rkjh[K@ Date Of Pronouncement : 13/04/2021 Vkns'K@ Order Per: Sandeep Gosain, J.M. Both These Appeals Have Been Filed By The Assessee Against The Separate Orders Of The Ld. Cit(A)-3, Jaipur Dated 17/09/2020 & 10/09/2020 For The A.Y. 2012-13 & 2013-14 Respectively.

purchase of land. (vii) Sustaining the addition of Rs. 16,53,383/- on account of bogus creditors. (viii) Sustaining the Addition of Rs. 26,87,000/- on account of difference in advertisement expenses. 3 ITA 309 & 310/JP/2020_ Swami Keshwanand Sikshan Sansthan Vs ITO(E) (ix) Sustaining the act of Ld. Assessing Officer about the disallowance of exemption

CHANDRA PRAKASH JAIN,JAIPUR vs. CIRCLE 1, JPR, JAIPUR

In the result, ground raised by the assessee is partly allowed

Bench: Shri Gagan Goyal & Shri Narinder Kumar

Section 69C (unexplained expenditure) of the Income Tax Act since the expense was neither incurred nor claimed by the assessee. ITAT rulings in Parasmal Bhandari, Reena Kumari, Soumitra Choudhury, Kanwarlal Agarwal, and Shri Amandeep Singh Bhatia stress that such additions require direct, credible evidence linking the assessee to the payments. Given the transparency of the assessee's transactions through recognized

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

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

purchase receipts\n3. Sale bill cum contract note (Annexure A/5)\n4. Copy of Demat Account\n5. Copy of Bank Account showing the sale receipts\n6. Copy of Return of Income for AY 2016-17 where assessee has\ndeclared income of Rs.45,14,780/- under the head LTCG exempt\nunder section 10(38) of the Act. (Annexure A/1)\n\nHe also