MAHAVEER YADAV,JAIPUR vs. ITO, JAIPUR

In the result, the appeal of the assessee is partly allowed for statistical purposes

capital gain.” 2. The ground No. 1 of assessee’s appeal is against the finding of the ld. CIT(A) wherein he has not accepted the contention of the assessee that the plots on the agriculture land belongs to the HUF and not to the assessee in his individual capacity. As per ld. CIT(A), the assessee has failed

FEDERATION OF RAJASTHAN TRADE AND INDUSTRY,JAIPUR vs. ITO-EXEMPTION WARD-2, JAIPUR

In the result, the appeal filed by the assessee is allowed for statistical purposes

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

96[1st day of April, 97[1981]]. 98[*] means all expenditure of a capital nature incurred in making any additions or alterations to the capital asset on or after the said date by the previous owner or the assessee, and (i) in any other case, means all expenditure of a capital nature incurred in making any additions or alterations

DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-3, JAIPUR vs. M/S CHOKHI DHANI DEVELOPERS PVT. LTD., JAIPUR

In the result, the appeals of the revenue stands dismissed

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

96,055/- 430619*1081/244= Rs. 19,07,783/- 221058*1081/259= Rs. 9,22,640/- 570000*1081/389= Rs. 15,83,985/- Long term capital gain Rs. 27,01,95,945/- From the above discussion, it is clear that the assessee has earned long term capital gain during the year under consideration but the same was not disclosed by the assessee

DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-3, JAIPUR vs. M/S RIGID CONDUCTORS (RAJ.) PVT. LTD., JAIPUR

In the result, the appeals of the revenue stands dismissed

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

96,055/- 430619*1081/244= Rs. 19,07,783/- 221058*1081/259= Rs. 9,22,640/- 570000*1081/389= Rs. 15,83,985/- Long term capital gain Rs. 27,01,95,945/- From the above discussion, it is clear that the assessee has earned long term capital gain during the year under consideration but the same was not disclosed by the assessee

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3, JAIPUR vs. M/S VISION ESTATES PVT. LTD., JAIPUR

In the result, the appeals of the revenue stands dismissed

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

96,055/- 430619*1081/244= Rs. 19,07,783/- 221058*1081/259= Rs. 9,22,640/- 570000*1081/389= Rs. 15,83,985/- Long term capital gain Rs. 27,01,95,945/- From the above discussion, it is clear that the assessee has earned long term capital gain during the year under consideration but the same was not disclosed by the assessee

DEPUTY COMMISSINER OF INCOME TAX, LIC BUILDING vs. M/S GEE VEE DEVELOPERS PVT. LTD., JAIPUR

In the result, the appeals of the revenue stands dismissed

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

96,055/- 430619*1081/244= Rs. 19,07,783/- 221058*1081/259= Rs. 9,22,640/- 570000*1081/389= Rs. 15,83,985/- Long term capital gain Rs. 27,01,95,945/- From the above discussion, it is clear that the assessee has earned long term capital gain during the year under consideration but the same was not disclosed by the assessee

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3, JAIPUR vs. M/S BITTHAL DAS PARWAL, HUF, JAIPUR

Capital Gains shown by him as well as by other family members are bogus accommodation entries availed by the assessee and his family members, the said statement itself is an incriminating material sufficient for framing the assessment under section 153A of the Act. The ld. CIT D/R placed reliance on the judgment of Hon’ble Supreme Court in the case

DCIT, CC-3, JAIPUR vs. SMT. JYOTI FALOR, JAIPUR

Capital Gains shown by him as well as by other family members are bogus accommodation entries availed by the assessee and his family members, the said statement itself is an incriminating material sufficient for framing the assessment under section 153A of the Act. The ld. CIT D/R placed reliance on the judgment of Hon’ble Supreme Court in the case

DCIT, C.C. -03, JAIPUR vs. SHRI TEJENDER KUMAR FALOR, JAIPUR

Capital Gains shown by him as well as by other family members are bogus accommodation entries availed by the assessee and his family members, the said statement itself is an incriminating material sufficient for framing the assessment under section 153A of the Act. The ld. CIT D/R placed reliance on the judgment of Hon’ble Supreme Court in the case

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3, JAIPUR vs. M/S HARI NARAIN PARWAL, HUF, JAIPUR

Capital Gains shown by him as well as by other family members are bogus accommodation entries availed by the assessee and his family members, the said statement itself is an incriminating material sufficient for framing the assessment under section 153A of the Act. The ld. CIT D/R placed reliance on the judgment of Hon’ble Supreme Court in the case

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3, JAIPUR vs. SMT. SAROJ PARWAL, JAIPUR

Capital Gains shown by him as well as by other family members are bogus accommodation entries availed by the assessee and his family members, the said statement itself is an incriminating material sufficient for framing the assessment under section 153A of the Act. The ld. CIT D/R placed reliance on the judgment of Hon’ble Supreme Court in the case

ACIT, CC-4, JAIPUR vs. SHRI MUKUT BEHARI AGARWAL, JAIPUR

In the result appeals of the revenue are dismissed and the cross

capital gain for money laundering was extracted in the order. Based on all these finding a show cause notice was issued to the assessee extracting all these averments made by the AO and relying on the statement on oath given by the assessee u/s 132(4) of the Act wherein the assessee has declared additional income of Rs. 11,96

ACIT, CC-4, JAIPUR vs. SHRI MUKUT BEHARI AGARWAL, JAIPUR

In the result appeals of the revenue are dismissed and the cross

capital gain for money laundering was extracted in the order. Based on all these finding a show cause notice was issued to the assessee extracting all these averments made by the AO and relying on the statement on oath given by the assessee u/s 132(4) of the Act wherein the assessee has declared additional income of Rs. 11,96

ACIT, CC-4, JAIPUR vs. SMT. ASHA JAIN, JAIPUR

In the result appeals of the revenue are dismissed and the cross

capital gain for money laundering was extracted in the order. Based on all these finding a show cause notice was issued to the assessee extracting all these averments made by the AO and relying on the statement on oath given by the assessee u/s 132(4) of the Act wherein the assessee has declared additional income of Rs. 11,96

ACIT, CC-4, JAIPUR vs. SMT. SUNITA AGARWAL, JAIPUR

In the result appeals of the revenue are dismissed and the cross

capital gain for money laundering was extracted in the order. Based on all these finding a show cause notice was issued to the assessee extracting all these averments made by the AO and relying on the statement on oath given by the assessee u/s 132(4) of the Act wherein the assessee has declared additional income of Rs. 11,96

ACIT, CC-4, JAIPUR vs. SMT. SANGEETA MANTRI, JAIPUR

In the result appeals of the revenue are dismissed and the cross

capital gain for money laundering was extracted in the order. Based on all these finding a show cause notice was issued to the assessee extracting all these averments made by the AO and relying on the statement on oath given by the assessee u/s 132(4) of the Act wherein the assessee has declared additional income of Rs. 11,96

ACIT,CC-4, JAIPUR vs. SHRI RAMESH KUMAR MANTRI, JAIPUR

In the result appeals of the revenue are dismissed and the cross

capital gain for money laundering was extracted in the order. Based on all these finding a show cause notice was issued to the assessee extracting all these averments made by the AO and relying on the statement on oath given by the assessee u/s 132(4) of the Act wherein the assessee has declared additional income of Rs. 11,96

ACIT, CC-4, JAIPUR vs. SHRI MUKESH JAIN, JAIPUR

In the result appeals of the revenue are dismissed and the cross

capital gain for money laundering was extracted in the order. Based on all these finding a show cause notice was issued to the assessee extracting all these averments made by the AO and relying on the statement on oath given by the assessee u/s 132(4) of the Act wherein the assessee has declared additional income of Rs. 11,96

ACIT, CC-4, JAIPUR vs. SHRI MUKESH JAIN, JAIPUR

In the result appeals of the revenue are dismissed and the cross

capital gain for money laundering was extracted in the order. Based on all these finding a show cause notice was issued to the assessee extracting all these averments made by the AO and relying on the statement on oath given by the assessee u/s 132(4) of the Act wherein the assessee has declared additional income of Rs. 11,96