RASHLEELA ENTERPRISES PRIVATE LIMITED, JAIPUR,JAIPUR vs. ACIT CEN CIR 3, JAIPUR, JAIPUR

In the result, the appeal of the assessee is allowed

Bench: Dr. S. Seethalakshmi & Shri Gagan Goyalrashleela Enterprises Pvt. Ltd., C-5, Krishna Balram, Calgiri Road, Malviya Nagar, Jaipur 302017. Pan No.: Aadcr2594J ...... Appellant Vs.

bogus organization involved in the activity of accommodation entries in the guise of donations eligible for claim u/s. 35(1)(ii) of the Act. Based on these inputs, the case of the assessee was re-opened u/s. 148 vide notice dated: 27.09.2016. Ultimately after a detailed deliberation on the issue between the assessee and AO, the amount of donation

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. SNEHLATA AGARWAL, 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)\nHe also based

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. PRIYA 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)\nHe also based

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)\nHe also based

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. SARITA 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)\nHe also based

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. SARITA 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)\nHe also based

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. PRIYA 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)\nHe also based

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. USHA BANKA, 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)\nHe also based

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. VIPUL BANKA, 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)\nHe also based

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. SUBHASH CHANDRA BANKA, 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)\nHe also based

DCIT, CENTRAL CIRCLE-1, JAIPUR , JAIPUR vs. USHA BANKA, 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)\nHe also based

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. ANIMESH AGARWAL, 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)\nHe also based

LATE SHRI JITENDRA NAGAR THROUGH HIS L/R SMT. DEEPIKA NAGAR,BARAN vs. INCOME TAX OFFICER WARD BARAN, BARAN

In the result, appeal of the assessee is allowed

Bench: The Date Of Hearing.”

Section 148 for AY 2015-16 is invalid, rendering the subsequent assessment proceedings null and void. 4.7 Hon’ble ITAT, Raipur Bench in the case of DCIT v. Vinay Agrawal[2025] 2 TMI 891 order dated 17.02.2025after considering theaforesaid judgment of Hon’ble Supreme Court in Rajeev Bansal (supra) has held: Reopening of assessment - Period of limitation - Bogus purchases

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

SAKET AGARWAL,JAIPUR vs. ITO WARD 2(3) JAIPUR, JAIPUR

In the result appeal filed by the assessee is allowed

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

purchases were bogus has no legs to stand on. The finding of the CIT(A) and ITAT that the said liability which was converted into an unsecured loan and subsequently stood repaid has not been challenged by the Revenue in the present appeal. Further, the reliance placed by the ITATon the judgment of this Court in Shri Vardhman Overseas (supra

ITO, WAR-4(1), JAIPUR vs. SHRI AMIT AGARWAL, JAIPUR

In the result, this appeal of the Revenue is dismissed

Bench: Shri Sandeep Gosain, Jm & Shri Vikram Singh Yadav, Am

II. Section 41(1) of the Income-tax Act, 1961 - Remission or cessation of trading liability (Cessation of liability) - Assessment year 2009-10 - Whether in view of judgment in case of CIT v. Bhoghital Rarnjibhai Atara 12014) 43 taxmann.com 55/222 Taxman 313 (Gui.), additions under section 41(1) could not be made unless liability in accounts had been written

JEWELS EMPORIUM A LEGACY,JAIPUR vs. ACIT,CC-1, JAIPUR

In the result, the appeal of the assessee stands allowed

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

ii) of the Act where no time limit is provided for completion of assessment after setting aside by ITAT u/s 254 of the Act. Accordingly, since no judgement was delivered by the Hon’ble Rajasthan High Court till date, it is thus submitted that the ld.AO was legally precluded from passing any order in the case of the assessee, before

SMT. INDIRA AGRAWAL,KOTA vs. DEPUTY COMMISSIONER OF INCOME TAX, KOTA

In the result, appeals of the assessee in ITA No

bogus but the entry in the seized material is only the computation of long term capital gain on sale of shares. Therefore, the documents which were found and seized during the course of search and seizure action contains the details of LTCG would not be regarded as incriminating material disclosing any income not recorded in the books of account. Hence