DEPUTY COMMISSIONER OF INCOME TAX, KOTA vs. SHRI VASUDEV AGRAWAL, KOTA

In the result, appeal of the revenue is dismissed

bogus claim of long term capital gain and therefore, disclosed the undisclosed income. Hence, Explanation 5A of Section 271(1)(c) of the Act is applicable in the case of the assessee which makes it clear that if the Assessing Officer is satisfied that any person has concealed the particulars of income or furnishing inaccurate particulars of income or where

DEPUTY COMMISSIONER OF INCOME TAX, KOTA vs. SHRI AJAY AGARWAL, KOTA

In the result, appeal of the revenue is dismissed

bogus claim of long term capital gain and therefore, disclosed the undisclosed income. Hence, Explanation 5A of Section 271(1)(c) of the Act is applicable in the case of the assessee which makes it clear that if the Assessing Officer is satisfied that any person has concealed the particulars of income or furnishing inaccurate particulars of income or where

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, KOTA vs. SMT. JYOTI AGARWAL, KOTA

In the result, appeal of the revenue is dismissed

bogus claim of long term capital gain and therefore, disclosed the undisclosed income. Hence, Explanation 5A of Section 271(1)(c) of the Act is applicable in the case of the assessee which makes it clear that if the Assessing Officer is satisfied that any person has concealed the particulars of income or furnishing inaccurate particulars of income or where

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

In the result, appeal of the revenue is dismissed

bogus claim of long term capital gain and therefore, disclosed the undisclosed income. Hence, Explanation 5A of Section 271(1)(c) of the Act is applicable in the case of the assessee which makes it clear that if the Assessing Officer is satisfied that any person has concealed the particulars of income or furnishing inaccurate particulars of income or where

DEPUTY COMMISSIONER OF INCOME TAX, KOTA vs. SMT. MALTI AGARWAL, KOTA

In the result, appeal of the revenue is dismissed

bogus claim of long term capital gain and therefore, disclosed the undisclosed income. Hence, Explanation 5A of Section 271(1)(c) of the Act is applicable in the case of the assessee which makes it clear that if the Assessing Officer is satisfied that any person has concealed the particulars of income or furnishing inaccurate particulars of income or where

DEPUTY COMMISSIONER OF INCOME TAX , KOTA vs. SHRI RAJENDRA AGRAWAL, KOTA

In the result, appeal of the revenue is dismissed

bogus claim of long term capital gain and therefore, disclosed the undisclosed income. Hence, Explanation 5A 5 DCIT Vs Rajendra Agarwal of Section 271(1)(c) of the Act is applicable in the case of the assessee which makes it clear that if the Assessing Officer is satisfied that any person has concealed the particulars of income or furnishing inaccurate

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3, INCOME TAX OFFICE vs. SHRI SURESH KUMAR GUPTA, SRIGANGANAGAR

In the result the appeal of the revenue in ITA No

section 127 of the Income Tax Act, 1961 [ here in after the Act ] dated 04.05.2018 by the Pr. Commissioner of Income Tax, Bikaner. 8. Accordingly, notice u/s 153A of the IT Act, 1961 for this year was issued on 30.07.2018 and duly served upon the assessee. In compliance to the notice u/s 153A of the IT Act, 1961, return

DEPUTY COMMISSIONER OF INCOME TAX, INCOME TAX DEPARTMENT, CENTRAL CIRCLE-3 vs. M/S N. M. AGROFOOD PRODUCTS PVT. LTD., SRIGANGANAGAR

In the result the appeal of the revenue in ITA No

section 127 of the Income Tax Act, 1961 [ here in after the Act ] dated 04.05.2018 by the Pr. Commissioner of Income Tax, Bikaner. 8. Accordingly, notice u/s 153A of the IT Act, 1961 for this year was issued on 30.07.2018 and duly served upon the assessee. In compliance to the notice u/s 153A of the IT Act, 1961, return

INCOME TAX OFFICER, JAIPUR vs. MOTISONS JEWELLERS LTDL, JAIPUR

section 115BBE of the Act. 4.1. Finding of ld.AO: - The findings and observations of ld. AO are at page 2 to 23 of the assessment order. In view of the observations and findings the ld. AO alleged that the sales made, amount realized from debtors and advances received from customers, which was utilized to deposit in bank account in demonetized

ACIT, JAIPUR vs. GUPTA EMERALD MINES PVT LTD., MUMBAI

In the result, the Revenue appeal is dismissed

purchases had been made from four parties that had been issuing bogus bills in the case of M/s Clarity Gold Pvt. Ltd. Therefore, an estimated trading Addition was made of R. 52,96,336/- by applying a GP rate of 17%. 7 ACIT vs. M/s Gupta Emerald Mines Pvt. Ltd. It is pertinent to note that the Hon. ITAT Jaipur

TIJARIA POLYPIPES LIMITED,JAIPUR vs. DCIT CIRLCE 4, JAIPUR

bogus\ntransactions, re-opening u/s 147 is justified.\n1. What is to be seen at the stage of recording the reasons is existence of belief\nbased on faithful appreciation of material which has link to an income escaping\nassessment, but not the established fact of escapement of income by detailed\ninvestigation or legal analysis. In other words, at the point

DCIT, CC-2, JAIPUR vs. M/S. ROYAL JEWELLERS, JAIPUR

The appeal of the assessee is partly allowed and that of the revenue stands dismissed

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

purchase without realizing that details mentioned on one page is exactly tallying with the details available on second page for example on page 15 and 17 of C- 14 (except slight difference of about 3 gms. in the last item named as IR' in its gross weight and also in net weight). Similarly all items of page 17 match with

M/S. ROYAL JEWELLERS,JAIPUR vs. DCIT, CENTRAL CIRCLE, JAIPUR

The appeal of the assessee is partly allowed and that of the revenue stands dismissed

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

purchase without realizing that details mentioned on one page is exactly tallying with the details available on second page for example on page 15 and 17 of C- 14 (except slight difference of about 3 gms. in the last item named as IR' in its gross weight and also in net weight). Similarly all items of page 17 match with