JAGDISH KUMAR ARORA,BHAWANIMANDI vs. DCIT, CENTRAL CIRCLE- KOTA, KOTA

In the result, the appeal of the assessee is allowed

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

269 taxman 508 (Madras)/[2019] 418 ITR 442 (Madras) [26.03.2019], it is held by the Hon’ble Madras High Court as under:- x x x x No double taxation Such Additions of the unexplained investment declared by the Assessee during the course of search/survey does not amount to double taxation. [SVS Oil Mills v. Assistant Commissioner of Income

SHRI AMBICA GARMENTS, JODHPUR,JODHPUR vs. ACIT, CENTRAL CIRCLE-3, JAIPUR, JAIPUR

In the result, all appeals of the assessee are disposed off in terms of

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

gains, nor is it income from 'other sources' because the provisions of sections 69, 69A, 69B, and 69C treat unexplained investments, unexplained money, bullion, etc., and unexplained expenditure as deemed income where the nature and source of investment, acquisition or expenditure, as the case may be, have not been explained or satisfactorily explained. Therefore, in these cases, the source

SANJAY KUMAR KARNANI,JAIPUR vs. ACIT, CENTRAL CIRCLE-3, JAIPUR, JAIPUR

In the result, all appeals of the assessee are disposed off in terms of

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

gains, nor is it income from 'other sources' because the provisions of sections 69, 69A, 69B, and 69C treat unexplained investments, unexplained money, bullion, etc., and unexplained expenditure as deemed income where the nature and source of investment, acquisition or expenditure, as the case may be, have not been explained or satisfactorily explained. Therefore, in these cases, the source

SANJAY KUMAR KARNANI,JAIPUR vs. ACIT, CENTRAL CIRCLE-3, JAIPUR, JAIPUR

In the result, all appeals of the assessee are disposed off in terms of

Bench: AO on 12-04-2021 18. Reply filed before AO on 15-07-2021 19. Additional Written Submissions filed before CIT(A) for AY 2014-15 on 11-11-2024 20. Written Submissions filed before CIT(A) for AY 2014-15 21. Written Submissions filed before CIT(A) for AY 2015-16 on 10-10-2024 22. Written Submissions filed before CIT(A) for AY 2016-17 on 10-10-2024 23. Written Submissions filed before CIT(A) for AY 2017-18 on 15-10-2024 24. Written Submissions filed before CIT(A) for AY 2018-19 on 15-10-2024 25.

gains, nor is it income from 'other sources' because the provisions of sections 69, 69A, 69B, and 69C treat unexplained investments, unexplained money, bullion, etc., and unexplained expenditure as deemed income where the nature and source of investment, acquisition or expenditure, as the case may be, have not been explained or satisfactorily explained. Therefore, in these cases, the source

SHRI AMBICA GARMENTS, JODHPUR,JODHPUR vs. ACIT, CENTAL CIRCLE-3, JAIPUR, JODHPUR

In the result, all appeals of the assessee are disposed off in terms of

gains, nor is it income from 'other sources' because the provisions of sections 69, 69A, 69B, and 69C treat unexplained investments, unexplained money, bullion, etc., and unexplained expenditure as deemed income where the nature and source of investment, acquisition or expenditure, as the case may be, have not been explained or satisfactorily explained. Therefore, in these cases, the source

SHRI AMBICA GARMENTS, JODHPUR,JODHPUR vs. ACIT, CENTAL CIRCLE-3, JAIPUR, JAIPUR

In the result, all appeals of the assessee are disposed off in terms of

gains, nor is it income from 'other sources' because the provisions of sections 69, 69A, 69B, and 69C treat unexplained investments, unexplained money, bullion, etc., and unexplained expenditure as deemed income where the nature and source of investment, acquisition or expenditure, as the case may be, have not been explained or satisfactorily explained. Therefore, in these cases, the source

KATH BROTHERS,JAIPUR vs. ACIT, CENTRAL CIRCLE-3, JAIPUR, JAIPUR

In the result, the appeal of the assessee is allowed

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

269 Taxman 508 (Madras)/[2019] 418 ITR 442 (Madras) [26-03-2019), it is held by the Hon'ble Madras High Court as under:- 8. In our opinion, Section 69B providing for amounts of investments in Bullion, Jewellery or other valuable articles (including excess Stocks as well) would have been more appropriate Section to be indicated in the orders passed

YUWAM EDUCATION PVT. LTD.,JAIPUR vs. DCIT, CIRCLE-6, JAIPUR, JAIPUR

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

capital gains, nor is it income from 'other sources' because the provisions of sections 69, 69A, 698 and 69C treat unexplained investments, unexplained money, bullion, etc., and unexplained expenditure as deemed income 14 Yuwam Education Pvt. Ltd. Jaipur vs. DCIT where the nature and source of investment, acquisition or expenditure, as the case may be, have not been explained

SH. ASHOK KUMAR PORWAL,JHALAWAR vs. JCIT, RANGE-1, KOTA, KOTA

In the result, appeal of the assessee is partly allowed

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

269 SS Any loan or deposit or specified sum "taken or accepted from" or "taken or accepted by" the following entities - • The government • Any banking company, post office savings bank or co-operative bank • Any corporation established by a Central, State or Provincial Act • Any government company as defined in clause (45) of section 2 of the Companies

INCOME TAX OFFICER, WARD-1(2), JAIPUR, JAIPUR vs. MUKESH KUMAR SONI, JAIPUR

In the result appeal of the revenue is dismissed and the cross

Bench: Moving Towards The Facts Of The Case We Would Like To Mention

capital gain. In the result, impugned notice is quashed. Petition is disposed of. In view of the aforesaid submissions the Hon’ble ITAT is requested to quashed the proceedings initiated under section 148/148A. Cross objection Ground No. 2 In the facts and circumstances of the case the learned CIT Appeals erred in not quashing the assessment order which has been

SHREE SHYAM BUILDSTRUCTURE PRIVATE LIMITED,SIKAR vs. ITO WARD -1, SIKAR

Appeals are allowed

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

capital gain arises thereon. 4. There iscredit entries in the bank statement of Rs. 1,82,21,000/- during the year under consideration. Please explain source of credit/debit entries and cash deposits in your bank accounts. 5. Furnish complete details of immovable property purchased by you during the year alongwith source of investment, if any.” Shree Shyam Buildstructure

SHREE SHYAM BUILDSTRUCTURE PRIVATE LIMITED,SIKAR vs. ITO WARD -1, SIKAR

Appeals are allowed

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

capital gain arises thereon. 4. There iscredit entries in the bank statement of Rs. 1,82,21,000/- during the year under consideration. Please explain source of credit/debit entries and cash deposits in your bank accounts. 5. Furnish complete details of immovable property purchased by you during the year alongwith source of investment, if any.” Shree Shyam Buildstructure

HARISH KUMAR,JAIPUR vs. NFAC, DELHI

Bench: Dr. S. Seethalakshmi & Shri Gagan Goyalharish Kumar, 325 Rajeshwari Villa, Shankernagar Kagdiwada, Brahampuri Jaipur Mountroad, Jaipur – 302002. Pan No.: Ainpg 3710C ..... Appellant Vs. Nfac, Delhi ..... Respondent

capital gains. The assessee being aggrieved with the same preferred an appeal before the Ld. CIT (A), who in turn confirmed the order of the AO. The assessee being further aggrieved preferred the present appeal before us. We have gone through the order of the AO, order of the Ld. CIT (A) and submissions of the assessee alongwith grounds taken

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

capital from these two parties. In the reasons of reopening the leamed AO\nhas stated that credits were received from these two parties. At the stage of\nforming of the reasons of reopening the conclusive finding cannot be arrived at\ndue to the limited records of the appellant available on the file of the assessing\nauthority. At this stage there

ASHOK NARIYANI,JAIPUR vs. ACIT, CIRCLE-5, JAIPUR

In the result, the appeal of the assessee is allowed

gains,\netc., which would involve reporting of accounts maintained on an elaborate basis and also detailing expendi-\nture, etc., the Assessing Officer may have the discretion to reject accounts and arrive at the income on the ba-\nsis of estimation. However, in the case of section 68, there cannot be any estimate even if for the rest of the\naccounts

CREATIVE REALMART PVT. LTD.,JAIPUR vs. ITO, WARD-3(5), JAIPUR, JAIPUR

section\n68, with respect to the share application monies received by an\nassessee.\n9.6 It would thus appear that the appellant is not really right in\napproaching on the basis as if the onus is on the Assessing Officer to\nprove the alleged money laundering racket an onus that may perhaps\nbe relevant only when the money laundering racket

INCOME TAX OFFICER, JAIPUR vs. KEDIA BUILDERS AND COLONIZERS PRIVATE LIMITED, JAIPUR

In the result, all appeals of the revenue are stands dismissed

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

capital, unsecured loan, LTCG etc and to facilitate the same he earns commission. Further, financial analysis of the companies from whom the fund reached into the account of beneficiary companies was analyzed and found that the fund was finally transferred to the account of beneficiaries from the companies which have no actual business activities and showing either nil income

DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-3, JAIPUR vs. SAPNA KARNANI, TONK PHATAK

In the result, the appeals of the revenue in ITA No

269/-\nin AY 2014-15 and Rs.27,00,000/- in AY 2015-16. Thus, the entire amount has\nbeen repaid in AY 2015-16 itself. In this regard, copy of confirmations of accounts\nfor AY 2013-14, 2014-15 and 2015-16 was submitted before Ld. AO. The said\nconfirmations of accounts are containing PAN details as well as full