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 u/s 69C of the I.T. Act, 1961 respectively even though said income has been accepted and owned by her husband Sh Narendra Singh in application filed by him before the Income Tax Settlement Commission (ITSC) u/s 245C of the I.T. Act, 1961 and said application has been accepted by the Hon’ble ITSC u/s 245D

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 u/s 69C of the I.T. Act, 1961 respectively even though said income has been accepted and owned by her husband Sh Narendra Singh in application filed by him before the Income Tax Settlement Commission (ITSC) u/s 245C of the I.T. Act, 1961 and said application has been accepted by the Hon’ble ITSC u/s 245D

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

DCIT, CENTRAL CIRCLE-1, JAIPUR vs. SHRI RAM GOPAL SARRAF, JAIPUR

In the result, all the three appeals filed by the Revenue are dismissed

section 132 (4A) of the I.T. Act, 1961 whereby the Act itself allows the creation of a legal fiction by making certain presumptions. 8.3 When a presumption is being made, it is being presumed that the name "RGS" denotes no one else but the assessee under consideration and that the entries of unaccounted capital, surplus, cash loans and interest pertain

DCIT, CENTRAL CIRCLE-1, JAIPUR vs. SHRI RAM GOPAL SARRAF, JAIPUR

In the result, all the three appeals filed by the Revenue are dismissed

section 132 (4A) of the I.T. Act, 1961 whereby the Act itself allows the creation of a legal fiction by making certain presumptions. 8.3 When a presumption is being made, it is being presumed that the name "RGS" denotes no one else but the assessee under consideration and that the entries of unaccounted capital, surplus, cash loans and interest pertain

DCIT, CENTRAL CIRCLE-1, JAIPUR vs. SHRI RAM GOPAL SARRAF, JAIPUR

In the result, all the three appeals filed by the Revenue are dismissed

section 132 (4A) of the I.T. Act, 1961 whereby the Act itself allows the creation of a legal fiction by making certain presumptions. 8.3 When a presumption is being made, it is being presumed that the name "RGS" denotes no one else but the assessee under consideration and that the entries of unaccounted capital, surplus, cash loans and interest pertain

DCIT, CENTRAL CIRCL-1,, JAIPUR vs. SHRI MOHAN SUKHANI, JAIPUR

In the result, both the appeals filed by the Revenue are dismissed

section 132 (4A) of the I.T. Act, 1961 whereby the Act itself allows the creation of a legal fiction by making certain presumptions. 9.3 When a presumption is being made, it is being presumed that the name "Mohan Sukhani" denotes no one else but the assessee under consideration and that the entries of unaccounted capital, surplus, cash loans and interest

DCIT, CENTRAL CIRCL-1,, JAIPUR vs. SHRI MOHAN SUKHANI, JAIPUR

In the result, both the appeals filed by the Revenue are dismissed

section 132 (4A) of the I.T. Act, 1961 whereby the Act itself allows the creation of a legal fiction by making certain presumptions. 9.3 When a presumption is being made, it is being presumed that the name "Mohan Sukhani" denotes no one else but the assessee under consideration and that the entries of unaccounted capital, surplus, cash loans and interest

DCIT, CENTRAL CIRCLE-1, JAIPUR vs. LATE SMT. PUSHPA GOYAL, JAIPUR

In the result, all the three appeals filed by the Revenue are dismissed

section 292C is that where any books of accounts or other documents etc. is found in the possession and control of any person in course of search u/s 132, it may be presumed that such books of accounts or other documents etc belonging to such persons and the contents of the same are true. Therefore the data found from

DCIT, CENTRAL CIRCLE-1, JAIPUR vs. LATE SMT. PUSHPA GOYAL, JAIPUR

In the result, all the three appeals filed by the Revenue are dismissed

section 292C is that where any books of accounts or other documents etc. is found in the possession and control of any person in course of search u/s 132, it may be presumed that such books of accounts or other documents etc belonging to such persons and the contents of the same are true. Therefore the data found from

DCIT, CENTRAL CIRCLE-1, JAIPUR vs. LATE SMT. PUSHPA GOYAL, JAIPUR

In the result, all the three appeals filed by the Revenue are dismissed

section 292C is that where any books of accounts or other documents etc. is found in the possession and control of any person in course of search u/s 132, it may be presumed that such books of accounts or other documents etc belonging to such persons and the contents of the same are true. Therefore the data found from