HEMA KANWAR NARENDRA SINGH RATHOD,JAIPUR vs. DCIT, CENTRAL CIRCLE-2, JAIPUR

In the result, appeals of the assessee are allowed for statistical purposes

Bench: HON’BLE SHRI SANDEEP GOSAIN, JM & HON’BLE SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

capital gain declared in the return of his wife i.e. present assessee is from his own sources of income and accordingly assessable in his hands. It was also submitted by ld. A/R that after search, the husband of the assessee filed settlement application under section 245C

HEMA KANWAR NARENDRA SINGH RATHOD,JAIPUR vs. DCIT, CENTRAL CIRCLE-2, JAIPUR

In the result, appeals of the assessee are allowed for statistical purposes

Bench: HON’BLE SHRI SANDEEP GOSAIN, JM & HON’BLE SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

capital gain declared in the return of his wife i.e. present assessee is from his own sources of income and accordingly assessable in his hands. It was also submitted by ld. A/R that after search, the husband of the assessee filed settlement application under section 245C

BHAGWAN SAHAI,JAIPUR vs. ITO, JAIPUR

In the result, the appeal of the assessee is allowed

capital gain, deposits in the bank account and interest income from bank. The assessee challenged the action of the AO before the ld. CIT (A) and raised the objection against the validity of reassessment order passed by the AO for want of jurisdiction. However, the ld. CIT (A) rejected the said objection of the assessee against the jurisdiction

SUNIL KUMAR AGARWAL,JAIPUR vs. ACIT, CEN. CIR-2, JAIPUR

In the result the appeal of the assessee in ITA no

Section 68 Case pertains to Asst. Year 1966-67 Decision in favour of: Assessee Cash credits—Addition under s. 68—ITO can make addition under s. 68 as income from undisclosed sources, simultaneously with addition to trading results— However, assessee can claim the addition under s. 68 as covered by intangible additions to trading results—In the present case