DCIT, CC-2, JAIPUR vs. M/S. ROYAL JEWELLERS, JAIPUR

In the result, appeals of the revenue stands dismissed

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

seizure- Assessment in case of (Conditions precedent) Assessment years 2004-05 and 2005-06 Pursuant to High Court's order company CML was amalgamated with assessee- company from 1-4-2003-In returns of income, assessee set off losses of company CMI. against its income-Thereafter a search took place in assessee's premises and certain incriminating material was seized

DCIT, CC-2, JAIPUR vs. M/S. ROYAL JEWELLERS, JAIPUR

In the result, appeals of the revenue stands dismissed

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

seizure- Assessment in case of (Conditions precedent) Assessment years 2004-05 and 2005-06 Pursuant to High Court's order company CML was amalgamated with assessee- company from 1-4-2003-In returns of income, assessee set off losses of company CMI. against its income-Thereafter a search took place in assessee's premises and certain incriminating material was seized

DCIT, CC-2, JAIPUR vs. M/S. ROYAL JEWELLERS, JAIPUR

In the result, appeals of the revenue stands dismissed

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

seizure- Assessment in case of (Conditions precedent) Assessment years 2004-05 and 2005-06 Pursuant to High Court's order company CML was amalgamated with assessee- company from 1-4-2003-In returns of income, assessee set off losses of company CMI. against its income-Thereafter a search took place in assessee's premises and certain incriminating material was seized

RUPESH TAMBI,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, JAIPUR

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

seizure action to buy peace of mind is a mere self-serving\nstatement. The surrender of income was with respect to specific undisclosed\nassets and Investments which were found during the course of search and\nseizure action.\nThe amount of total acceptance of undisclosed income (normally referred as\nsurrender) is not small and is substantial running. It is beyond human

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3, JAIPUR vs. M/S N. M. AGROFOOD PRODUCTS PVT. LTD., SRIGANGANAGAR

In the result the appeal of the revenue is dismissed

seizure action. During the course search simultaneously, survey was conducted at the premises of all those companies from where the share investment is flowing. The search team has taken sufficient efforts to place on record the fact that these companies are mere paper companies has no sufficient income. He also read the report of the officer conducted spot verification

ACIT, JAIPUR vs. RATAN KANWAR RATNAWAT, JAIPUR

In the result, the appeals of the Revenue are dismissed and

search and seizure u/s 132 on/or survey action u/s 133A of the Act was carried out on 02.08.2017. Pursuant to this, AO issued a notice u/s 153A of the Act to the assessee in compliance of which assessee filed his return of income of Rs. 1,67,70,610/-. Finally, AO Completed the assessment u/s 143(3) r.w.s. 153A

ACIT, JAIPUR vs. RATAN KANWAR RATNAWAT, JAIPUR

In the result, the appeals of the Revenue are dismissed and

search and seizure u/s 132 on/or survey action u/s 133A of the Act was carried out on 02.08.2017. Pursuant to this, AO issued a notice u/s 153A of the Act to the assessee in compliance of which assessee filed his return of income of Rs. 1,67,70,610/-. Finally, AO Completed the assessment u/s 143(3) r.w.s. 153A

ACIT, CC-2, JAIPUR, JAIPUR vs. MAHENDRA SINGH RATNAWAT, JAIPUR

In the result, the appeals of the Revenue are dismissed and

search and seizure u/s 132 on/or survey action u/s 133A of the Act was carried out on 02.08.2017. Pursuant to this, AO issued a notice u/s 153A of the Act to the assessee in compliance of which assessee filed his return of income of Rs. 1,67,70,610/-. Finally, AO Completed the assessment u/s 143(3) r.w.s. 153A

ACIT, CC-2, JAIPUR, JAIPUR vs. MAHENDRA SINGH RATNAWAT, JAIPUR

In the result, the appeals of the Revenue are dismissed and

search and seizure u/s 132 on/or survey action u/s 133A of the Act was carried out on 02.08.2017. Pursuant to this, AO issued a notice u/s 153A of the Act to the assessee in compliance of which assessee filed his return of income of Rs. 1,67,70,610/-. Finally, AO Completed the assessment u/s 143(3) r.w.s. 153A

SH. KAPIL TANEJA,JAIPUR vs. THE DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1, JAIPUR

In the result, the appeal of the assessee is allowed

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

seizure conducted at some third party by some other officials in some other case, without providing assessee of opportunity of cross examination of the searched party i.e Shri Ajay Gangwal who alleged to undertake F&O transaction jointly with the assessee. Also, ld. AO did not provide complete legible copies of information on which heavy reliance is placed before making

PROFESSIONAL AUTOMOTIVES PRIVATE LIMITED,JAMMU vs. ASSISTANT COMMISSIONER OF INCOME TAX, JAIPUR

search and seizure\naction that disallowable expenses had been claimed as allowable expenses by\nthe appellant and no separate disclosure

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

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

disallowed the deduction of interest payment claimed by the appellant In this ground of appeal the appellant has contended that a perusal of Page-3 of assessment order reveals that addition with respect to unsecured loans taken by the assessee has been prompted on the basis of a search and seizure

RAJENDRA AGARWAL,JAIPUR vs. ACIT, CENTRAL CIRCLE-1, JAIPUR

Appeal is hereby dismissed

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

Disallowance as interest on TDS as discussed in Rs. 73 para no. 7 Add:- Addition as discussed in para no. 8 Rs. 1,18,83,333 Assessed total income Rs. 1,26,67,392 R/o Rs. 1,26,67,390/- Sh. Rajendra Agarwal On challenge to the said assessment order by the assessee, byway of appeal, Learned CIT(A) upheld

RAJENDRA AGARWAL,JAIPUR vs. ACIT, CENTRAL CIRCLE-1, JAIPUR

Appeal is hereby dismissed

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

Disallowance as interest on TDS as discussed in Rs. 73 para no. 7 Add:- Addition as discussed in para no. 8 Rs. 1,18,83,333 Assessed total income Rs. 1,26,67,392 R/o Rs. 1,26,67,390/- Sh. Rajendra Agarwal On challenge to the said assessment order by the assessee, byway of appeal, Learned CIT(A) upheld

RAJENDRA AGARWAL,JAIPUR vs. DCIT, CENTRAL CIRCLE-1, JAIPUR

Appeal is hereby dismissed

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

Disallowance as interest on TDS as discussed in Rs. 73 para no. 7 Add:- Addition as discussed in para no. 8 Rs. 1,18,83,333 Assessed total income Rs. 1,26,67,392 R/o Rs. 1,26,67,390/- Sh. Rajendra Agarwal On challenge to the said assessment order by the assessee, byway of appeal, Learned CIT(A) upheld

RAJENDRA AGARWAL,JAIPUR vs. DCIT, CENTRAL CIRCLE-1, JAIPUR

Appeal is hereby dismissed

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

Disallowance as interest on TDS as discussed in Rs. 73 para no. 7 Add:- Addition as discussed in para no. 8 Rs. 1,18,83,333 Assessed total income Rs. 1,26,67,392 R/o Rs. 1,26,67,390/- Sh. Rajendra Agarwal On challenge to the said assessment order by the assessee, byway of appeal, Learned CIT(A) upheld

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

disallowed the deduction of\ninterest payment claimed by the appellant\nIn this ground of appeal the appellant has contended that a perusal of Page-3 of\nassessment order reveals that addition with respect to unsecured loans taken by\nthe assessee has been prompted on the basis of a search and seizure

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

disallowed the deduction of\ninterest payment claimed by the appellant\nIn this ground of appeal the appellant has contended that a perusal of Page-3 of\nassessment order reveals that addition with respect to unsecured loans taken by\nthe assessee has been prompted on the basis of a search and seizure