BALVEER SINGH,JAIPUR vs. ITO WARD 3(3) JAIPUR, INCOME TAX DEPARTMENT

bogus long term capital gains by\ninvesting in an unknown company Whether there being a clear link between\ninformation available with Assessing Officer and his formation of belief that\nIncome chargeable to tax had escaped assessment, reopening of assessment\nwas justified - Held, yes [Paras 7 and 8] [In favour of revenue.\"\n14. [2022] 140 taxmann.com 15 (Calcutta) HIGH COURT

SANTOSH KANWAR,JAIPUR vs. ITO 6(4 ) JAIPUR, JAIPUR

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

244A(3) if applicable as per rules. ITNS-150 issued, which is forming part of this order. Issue demand notice & challan accordingly. Penalty notice u/s 274 r.w.s. 271(1)(c) is issued separately for furnishing inaccurate particulars.” 4 Santosh Kanwar, Jaipur. 4. Assessee-appellant, an individual, used to draw salary as director of Singla Buildcom Pvt. Ltd. She also used

SHRI GOVIND RAM MODI,KOTA vs. JOINT COMMISSIONER OF INCOME TAX, KOTA

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

section 145(3). The assessee has maintained regular books of accounts which are also audited u/s 44AB. The assessee has maintained cashbook, ledger, production register, journal and supporting vouchers. The auditors have not pointed out any defect in the maintenance of regular books of accounts. It was further Shri Govind Ram Modi, Kota vs. The ITO, Kota submitted that