M/S CLARITY GOLD P. LTD, JAIPUR,JAIPUR vs. ACIT, CENTRAL CIRCLE-1, JAIPUR

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

bogus purchase bills alongwith its sister concerns. The directors of the company were confronted with the enquiries conducted by the Investigation Directorate and details of the same have already discussed by the AO in the assessment order reproduced above. 5.8 During the course of search conducted at the premises of the appellant a number of incriminating documents in the form

ALKA KHANDAKA,JAIPUR vs. INCOME TAX OFFICER WARD 1(2), JAIPUR

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

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

bogus purchases, and non- existing cash balance in the books of account. The AO did not even reject the books of accounts of the appellant under the provision of section 145(3) of the Act. Therefore, the contention of the revenue on the facts and circumstance of the case is not accepted - Appeal of the revenue is dismissed. 18 Alka

M/S SILVEX & CO.,JAIPUR vs. INCOME TAX OFFICER, WARD-7-2, JAIPUR

In the result, the appeal of the assessee is allowed

purchases as unverifiable and sustain such adhoc additions. The assessee derives support from the following judicial pronouncements to substantiate its submissions: CIT vs. Orissa Corporation 159 ITR 78 (SC) Held, “In this case, the assessee had given the names and addresses of the alleged creditors. It was in the knowledge of the Revenue that the said creditors were income

GEM MART INDIA PVT. LTD.,JAIPUR vs. ACIT, JAIPUR

In the result, assessee’s appeal is partly allowed

section 145(3) regarding estimation of profit. The AO followed the order of flagship company of the group M/s Clarity Gold Pvt. Ltd. wherein gross profit rate of 17% has been applied. After giving detail reasons, it was held by the AO that since the nature of business and modus operandi of the assessee company is similar to that

JAJOO RASHMI REFRACTORIES LIMITED,JAIPUR, RAJASTHAN vs. DCIT, CIRCLE 4-JAIPUR,, JAIPUR, RAJASTHAN

In the result, the appeal of the assessee is allowed for\nstatistical purposes

section 250 of the Income-tax Act,1961 passed by the Ld. Commissioner\nof Income-tax (Appeals), National Faceless Appeal Centre (NFAC) vide DIN No.\nITBA/NFAC/S/250/2024-25/1072584754(1) on 27.01.2025 for the Assessment Year 2018-19.\nIn support of Grounds of Appeal, the Assessee is furnishing herewith Ground wise written\nsubmission, along with supporting documentary evidence(s) and/or documents as specified

RAVI KUMAR RAWAT,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE 2, JAIPUR

Appeals are allowed and impugned orders are set aside

Bench: the Ld. CIT(A) which was partly considered by Ld. CIT(A) vide order dated 14-12-2018 in Appeal No. 474/2015-16. Vide that order Ld. CIT(A) restricted the addition from Rs.6,01,459/- to Rs.2,67,647/- by applying G.P. Rate @ 12%. Hence, the addition of Rs.2,67,647/- was sustained by the Ld. CIT(A) and therefore, Ld. AO passed penalty order dated 01-05-2020 wherein the AO imposed the penalty on the assessee for an amount of Rs.1,03,150/- u/s Section 271(1)(c) of the Act by observing as under:-

bogus 6,01,459/- 6,01,459/- purchase Total income 9,53,339/- Rounded off 9,53,340/- In that assessment order ld. AO initiated penalty proceedings u/s 271(1)© vide notice dated 25-01-2016. SHRI RAVI KUMAR RAWAT VS DCIT, CIRCLE-2, JAIPUR 2.2 Assessee challenged that order of assessment before the ld. CIT(A) which was partly

RAVI KUMAR RAWAT,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE 2, JAIPUR

Appeals are allowed and impugned orders are set aside

Bench: SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member), SHRI NARINDER KUMAR (Judicial Member)

bogus 6,01,459/- 6,01,459/- purchase Total income 9,53,339/- Rounded off 9,53,340/- In that assessment order ld. AO initiated penalty proceedings u/s 271(1)© vide notice dated 25-01-2016. SHRI RAVI KUMAR RAWAT VS DCIT, CIRCLE-2, JAIPUR 2.2 Assessee challenged that order of assessment before the ld. CIT(A) which was partly

M/S. SILVEX & COMPANY INDIA LTD.,JAIPUR vs. ITO WARD-7(4), JAIPUR

In the result, the appeal of the assessee is allowed and cross appeal of the Revenue is dismissed

bogus purchases of Rs. 6,26,90,957/- made with M/s Atharv Business Pvt. Ltd, of Rs. 2,13,72,050/-, M/s Casper Enterprises Pvt. Ltd. of Rs. 2,83,18,907/- and from M/s Olive Overseas Pvt. Ltd, of Rs. 1,30,00,000/- are hereby added to the total income of the assessee treating the same as undisclosed

ITO WARD-7(2), JAIPUR, WARD-7(2), JAIPUR vs. M/S. SILVEX & COMPANY G-1/35 TO 37, 47, 48 EPIP, JEWELLERY ZONE, SITAPURA INDUSTRIAL AREA, JAIPUR, JAIPUR

In the result, the appeal of the assessee is allowed and cross appeal of the Revenue is dismissed

bogus purchases of Rs. 6,26,90,957/- made with M/s Atharv Business Pvt. Ltd, of Rs. 2,13,72,050/-, M/s Casper Enterprises Pvt. Ltd. of Rs. 2,83,18,907/- and from M/s Olive Overseas Pvt. Ltd, of Rs. 1,30,00,000/- are hereby added to the total income of the assessee treating the same as undisclosed

DURGA PRASAD SHARMA,JAIPUR vs. I.T.O. WARD 1(1), JAIPUR, JAIPUR

In the result, the appeal of the assessee is allowed

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

67,060 952 T20171000305405 47 to 48 Also weight slip Total purchases including GST @ 18% 1,05,06.669* * Purchase price without GST is Rs.89,03,956/- i.e. 105,06,669X100 */. 118) The other documentary proofs proving genuine purchases and sales are: S. No. Nature of records P.B. page 1. Purchase / sales of goods of M/s. Siddhi Vinayak Metal

SHANKAR JHALANI,JAIPUR vs. ITO, JAIPUR

In the result, appeal of the assessee is dismissed

Bench: The Itat By Taking Following

bogus / unverifiable purchases can be disallowed and accordingly respectfully following the decision of the Hon'ble ITAT, Jaipur in the case of Anuj Varshney & Others, it is held that the trading edition is to be restricted to 15% of purchases shown by the appellant for the year under consideration. Therefore, out of the trading addition

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

In the results all the appeals filed by the assessee ITA Nos

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

67,30,070/- 1,45,58,323/- Less :- 10% Expenses to achieve bogus 59,878/- 6,73,007/- 14,55,832/- export remittance Export sales treated as bogus (after 5,38,911 60,57,063 1,31,02,491 allowing expenses @10% of turnover ) Total Addition by AO 5,38,911 60,57,063 1,31,02,491 First appellate

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

section 143(3)\nof Income Tax Act 1961 on 22.03.2006 wherein the total income of the\nassessee was computed tabulated here in below : -\n Assessment Year\nIncome declared in return\nu/s 139(1) (Rs.)\nIncome Assessed u/s\n153A (Rs.)\n1998-1999\n1690\n4,56,069\n1999-2000\n0\n5,38,911\n2000-2001\n0\n60,57,063\n2001

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

bogus (after\nallowing expenses @10% of turnover)\nTotal Addition by AO\nAY 99-00\nAY 2000-01\nAY 2003-04\n5,98,789/- 67,30,070/- 1,45,58,323/-\n5,98,789/- 67

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 263 of the Act were proper and legal and the Tribunal committed a serious error in reversing such decisions. Mr. Arif Ali, learned Advocate appearing for the appellant in ITAT No. 44 of 2020 (Assessee-Gupta Agarwal) submitted that the facts which have been set out in the memorandum of appeal, is wholly incorrect and does not pertain

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 263 of the Act were proper and legal and the Tribunal committed a serious error in reversing such decisions. Mr. Arif Ali, learned Advocate appearing for the appellant in ITAT No. 44 of 2020 (Assessee-Gupta Agarwal) submitted that the facts which have been set out in the memorandum of appeal, is wholly incorrect and does not pertain

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

section 143(3)\nof Income Tax Act 1961 on 22.03.2006 wherein the total income of the\nassessee was computed tabulated here in below :-\n Assessment Year\nIncome declared in return\nu/s 139(1) (Rs.)\nIncome Assessed u/s\n153A (Rs.)\n1998-1999\n1690\n4,56,069\n1999-2000\n0\n5,38,911\n2000-2001\n0\n60,57,063\n2001

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

section 143(3)\nof Income Tax Act 1961 on 22.03.2006 wherein the total income of the\nassessee was computed tabulated here in below :-\n Assessment Year\nIncome declared in return\nu/s 139(1) (Rs.)\nIncome Assessed u/s\n153A (Rs.)\n1998-1999\n1690\n4,56,069\n1999-2000\n0\n5,38,911\n2000-2001\n0\n60,57,063\n2001