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)

property has been found as a consequence of the search, the same would also be taken into consideration. The requirement of assessment or reassessment under the said section has to be read in the context of Sections 132 or 132A of the Act, inasmuch as, in case nothing incriminating is found on account of such search or requisition, then

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. MAHAVEER KUMAR JAIN, JAIPUR

In the result, the both the appeals of the Revenue as well as CO's of\nthe assessee are dismissed\nOrder pronounced in the open court on 03/10/2024

132 or requisition under Section 132A of the Act,\n1961. However, the completed/unabated assessments can be re-opened by the\nAO in exercise of powers under Sections 147/148 of the Act, subject to fulfilment\nof the conditions as envisaged/mentioned under sections 147/148 of the Act and\nthose powers are saved.\nIt is further submitted that no incriminating material was found

ANSHU SAHAI (HUF),JAIPUR vs. ACIT, CENTRAL CIRCLE, CENTRAL CIRCLE

section 65A & 65B of the \nEvidence Act has not been followed by the assessing authority. However the \ncontention of the appellant is mere based on presumptions and assumptions. \nFurther the appellant has stated that the learned AO has not mentioned in the \nsaid section that steps were taken in this regard. However there is no requirement \nto record such satisfaction

JOINT COMMISSIONER OF INCOME TAX, AJMER vs. VIJAY KUMAR SAINI, AJMER

In the result, appeal of the assessee is allowed

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

House Property, Business or profession and income from other sources. A search and seizure action under section 132 of the IT Act, 1961 was carried

DCIT CENTRAL CIRCLE AJMER, AJMER vs. YASHWANT KUMAR SHARMA, AJMER

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

Bench: SHRI SANDEEP GOSAIN (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI, AM vk;dj vihy la-@ITA No. 210/JP/2023 fu/kZkj.k o"kZ@Assessment Years : 2020-21 DCIT, Central Circle, Ajmer cuke Vs. Yashwant Kumar Sharma F-108, Industrial Area, Makhupura Parbatpura, Ajmer LFkk;h ys[kk la-@thvkbZvkj la-@PAN/GIR No.: ASWPS 3791 E vihykFkhZ@Appellant izR;FkhZ@Respondent vk;dj vihy la-@C.O. No. 04/JP/2023 (Arising out of ITA Nos. 210/JP/2023) fu/kZkj.k o"kZ@Assessment Years : 2020-21 Yashwant Kumar Sharma

house property and income from other sources. The returned income was accepted by the AO while framing the assessment under section 143(3) and hence assessee’s case does not fall in the category where the regular books of accounts are mandatory. The entries of investment in real estate were found recorded in the diary and in the absence

PROFESSIONAL AUTOMOTIVES PRIVATE LIMITED,JAMMU vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, JAIPUR

In the result the appeal of the assessee in ITA no

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI, आयकर अपील /ITA Nos.809 to 815/JP/2025 निर्धारण वर्ष /Assessment Years :2013-14 to 2019-20 Professional Automotives Pvt. बनाम ACIT, Ltd. Bahu Plaza, Bahu Plaza, Jammu Vs. Central Circle- 1, and Kashmir Jaipur स्थायी लेखा सं./जी.आई.आर. सं./PAN/GIR No.:AAACP9608E अपीलार्थी/Appellant प्र]त्यर्थी/Respondent निर्धारिती की ओर से / Assessee by :Shri Tarun Mittal, CA राजस्व की ओर से /Revenue by: Shri Ajey Malik, CIT (Th. V.C)

Section 194 and 200 were challenged. It was noted in P. RatnakarRao and others V. Govt. Of A.P. and others (1996 (5) SCC 359) that the discretion given under Section 200(1) to the State Government to prescribe maximum rates for compounding the offence is not unguided, uncanalised and arbitrary. It was, inter alia, held as follows: ……………….. ………………. It is indisputable

UMESH SABOO,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME, CENTRAL CIRCLE-2,, JAIPUR

In the result, the appeal of the assessee is allowed

House property, Business and\nincome\nOther sources.\n10\nDate of Hearing(s)\nAs per Order Sheet\n11\nDate of Order\n21.12.2018\n12\n1\nSection and sub-section of enactment 143(3) r.w.s 153A of the Income-tax\nunder which assessment is made\nAct, 1961.\nAssessment Order\nA search and seizure action u/s 132

SHRI ANIL GHATIWALA,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3, JAIPUR

In the result, appeal of the assessee is partly allowed

section 271AAB of I.T. Act, 1961.” 2. Briefly the facts of the case are that the assessee derives income from house property, business and other sources. A search u/s 132

AJOY SHARMA,JAIPUR vs. DCIT CENTRAL CIRCLE-1, JAIPUR, JAIPUR

house property for the purpose of penalty u/s 271(1)(c).\n11.3 Supporting case laws:\n11.3.1 A useful reference on this aspect can be made to the decision in ACIT vs.\nShri A.N. Annamalaisamy, 87 DTR 202 (Chnn. Trib) (DC 36-37) also supports\nthe contention. The relevant part in para 7 is reproduced as under:\n“7. We find

AJOY SHARMA ,JAIPUR vs. DCIT CENTRAL CIRCLE-1, JAIPUR, JAIPUR

house property for the purpose of penalty u/s 271(1)(c).\n11.3 Supporting case laws:\n11.3.1 A useful reference on this aspect can be made to the decision in ACIT vs.\nShri A.N. Annamalaisamy, 87 DTR 202 (Chnn. Trib) (DC 36-37) also supports\nthe contention. The relevant part in para 7 is reproduced as under:\n“7. We find

AJOY SHARMA ,JAIPUR vs. DCIT CENTRAL CIRCLE-1, JAIPUR, JAIPUR

house property for the purpose of penalty u/s 271(1)(c).\n11.3 Supporting case laws:\n11.3.1 A useful reference on this aspect can be made to the decision in ACIT vs.\nShri A.N. Annamalaisamy, 87 DTR 202 (Chnn. Trib) (DC 36-37) also supports\nthe contention. The relevant part in para 7 is reproduced as under:\n“7. We find

AJOY SHARMA ,JAIPUR vs. DCIT CENTRAL CIRCLE-1, JAIPUR, JAIPUR

house property for the purpose of penalty u/s 271(1)(c).\n11.3 Supporting case laws:\n11.3.1 A useful reference on this aspect can be made to the decision in ACIT vs.\nShri A.N. Annamalaisamy, 87 DTR 202 (Chnn. Trib) (DC 36-37) also supports\nthe contention. The relevant part in para 7 is reproduced as under:\n“7. We find

AJOY SHARMA ,JAIPUR vs. DCIT CENTRAL CIRCLE-1, JAIPUR, JAIPUR

house property for the purpose of penalty u/s 271(1)(c).\n11.3 Supporting case laws:\n11.3.1 A useful reference on this aspect can be made to the decision in ACIT vs.\nShri A.N. Annamalaisamy, 87 DTR 202 (Chnn. Trib) (DC 36-37) also supports\nthe contention. The relevant part in para 7 is reproduced as under:\n“7. We find

RAJESH PRODUCTS,TONK ,RAJASTHAN vs. ACIT, JAIPUR

section 131(1) and 133A, despite being\nspecifically asked for. It is trite law that if the authority rejects such request\nand proceeds to complete the assessment or finalise the proceeding,such\naction shall be not in accordance with the law. Reliance in this regard is\nplaced on the following decisions [E.M.C (Works) P. Ltd. v. ITO,(1963) 49\nITR

SILVER & ART PALACE,JAIPUR vs. ACIT, JAIPUR

In the result, the appeals of the assessee are partly allowed

Bench: Dr. S. Seethalakshmi & Shri Gagan Goyal

section 139 of the Act on 26.02.2019, declaring total income at Rs. 1,92,77,894/-. A search action under section 132 of the Act was carried out on 19.01.2021 on the assessee group and its associated concerns. Assessee was also searched under section 132 of the Act. Accordingly, notice under section 153A of the Act was issued

SILVER & ART PALACE,JAIPUR vs. ACIT, JAIPUR

In the result, the appeals of the assessee are partly allowed

Bench: Dr. S. Seethalakshmi & Shri Gagan Goyal

section 139 of the Act on 26.02.2019, declaring total income at Rs. 1,92,77,894/-. A search action under section 132 of the Act was carried out on 19.01.2021 on the assessee group and its associated concerns. Assessee was also searched under section 132 of the Act. Accordingly, notice under section 153A of the Act was issued

SILVER & ART PALACE,JAIPUR vs. ACIT, JAIPUR

In the result, the appeals of the assessee are partly allowed

Bench: Dr. S. Seethalakshmi & Shri Gagan Goyal

section 139 of the Act on 26.02.2019, declaring total income at Rs. 1,92,77,894/-. A search action under section 132 of the Act was carried out on 19.01.2021 on the assessee group and its associated concerns. Assessee was also searched under section 132 of the Act. Accordingly, notice under section 153A of the Act was issued

BABU LAL SHARMA,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, JAIPUR

In the result, appeal of the assessee is allowed

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

132(1) of the IT Act, 1961 was carried out on 02.08.2017 at the various premises of Shri Raju Sharma Group, Jaipur and residential premises of the appellant was also covered therein. Satisfaction note was recorded on 19.09.2019. Notice under section 142(1) of the IT Act was issued to the appellant on 20.09.2019 which was duly served. The appellant