DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, AJMER vs. M/S SHRI RAJLAXMI DENIM, BHILWARA

In the result, appeal of the revenue is allowed

b) the income referred to in clause (a) or part thereof has escaped assessment for such year or years; and (c) the search under section 132 is initiated or requisition under section 132A is made on or after the 1st day of April, 2017. Explanation 1.—For the purposes of this sub-section, the expression "relevant assessment year" shall mean

RAJ KUMAR JAIN,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE – 2, JAIPUR, JAIPUR

In the result, appeal of the assessee is allowed

153B(1)(b) of the Act was completed at an income Rs. 4,08,62,560/- on 29.03.2016 by making an addition of Rs. 3,51,448/- on account of cash found at the residence of the assessee. On appeal, the ld. CIT (A) deleted the addition of Rs 3,51,448/- vide his order dated 12.06.2018. 2.1. Subsequently

DCIT, CC-2, JAIPUR vs. SHRI VIMAL CHAND SURANA(HUF), JAIPUR

In the result, the appeal of the revenue stands dismissed

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

section 153B. 53. The question now is - what is the scope of assessment or reassessment of total income u/s 153A (1) (b

DCIT, JAIPUR vs. VIMAL CHAND SURANA HUF, JAIPUR

In the result, the appeal of the revenue stands dismissed

section 153B. 53. The question now is - what is the scope of assessment or reassessment of total income u/s 153A (1) (b

SHRI RITESH AGARWAL,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, JAIPUR

In the result, appeal of the assessee is allowed

153B(1)(b) of the Act on 28.03.2016 at a total income of Rs. 12,96,93,610/- by making an addition of Rs. 35,42,067/- on account of 3 Shri Ritesh Agarwal, Jaipur. disallowance of interest as part of the cost of the assets while computing long term capital gain. The AO initiated penalty proceedings under section 271AAB

MRS. RENU SEHGAL,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3, JAIPUR

In the result, the appeals of the assessee is allowed and that of the

Bench: : Shri Vijay Pal Rao, Jm & Shri Vikram Singh Yadav, Am Vk;Dj Vihy La-@Ita No. 837/Jp/2018 Fu/Kzkj.K O"Kz@Assessment Year : 2012-13 Cuke The Acit Smt. Renu Sehgal Vs. Central Circle-3 27, Onkar Nagar, Civil Lines Jaipur Jaipur Lfkk;H Ys[Kk La-@Thvkbzvkj La-@Pan/Gir No.: Aepps 3048 M Vihykfkhz@Appellant Izr;Fkhz@Respondent Vk;Dj Vihy La-@Ita No. 708 & 709 Jp/2018 Fu/Kzkj.K O"Kz@Assessment Year : 2012-13 & 2015-16 Cuke Mrs. Renu Sehgal The Dcit Vs. 227-278, Nemisagar Colony Central Circle-3, Vaishali Nagar, Jaipur Jaipur Lfkk;H Ys[Kk La-@Thvkbzvkj La-@Pan/Gir No.: Aepps 3048 M Vihykfkhz@Appellant Izr;Fkhz@Respondent Jktlo Dh Vksj Ls@ Revenue By : Shri Varinder Mehta, Cit-Dr Fu/Kzkfjrh Dh Vksj Ls@ Assessee By : Shri P.C. Parwal, Ca Lquokbz Dh Rkjh[K@ Date Of Hearing : 06/08/2019 ?Kks"K.Kk Dh Rkjh[K@ Date Of Pronouncement : 19/08/2019 Vkns'K@ Order Per Vijay Pal Rao, Jm There Are Cross Appeals For The Assessment Year 2012-13 Directed Against The Order Dated 09-04-2013 Of The Ld. Cit(A)-4, Jaipur. The 2 Smt. Renu Sehgal Vs Dcit, Central Circle-3, Jaipur

B provisions and introduce Sections 153A, 153B and 153C in the IT Act. 9. What Section 153A contemplates is that, notwithstanding the regular provisions for assessment/ reassessment contained in the IT Act, where search is conducted under Section 132 or requisition is made under Section 132A on or after 31 / 5 / 2003 in the case of any person, the Assessing

M/S KOTA DALL MILL,KOTA vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, KOTA

153B(1)(b) of the IT Act. 2. Common grounds have been raised by the assessee as well as by the department in these appeals. However, for the sake of convenience and the issue involved in these appeals, the assessment years 2010-11 to 13-14 are taken as a separate group of cross appeals due to the reason that

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, KOTA vs. M/S KOTA DALL MILL, KOTA

153B(1)(b) of the IT Act. 2. Common grounds have been raised by the assessee as well as by the department in these appeals. However, for the sake of convenience and the issue involved in these appeals, the assessment years 2010-11 to 13-14 are taken as a separate group of cross appeals due to the reason that

M/S KOTA DALL MILL,KOTA vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, KOTA

153B(1)(b) of the IT Act. 2. Common grounds have been raised by the assessee as well as by the department in these appeals. However, for the sake of convenience and the issue involved in these appeals, the assessment years 2010-11 to 13-14 are taken as a separate group of cross appeals due to the reason that

M/S KOTA DALL MILL,KOTA vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, KOTA

153B(1)(b) of the IT Act. 2. Common grounds have been raised by the assessee as well as by the department in these appeals. However, for the sake of convenience and the issue involved in these appeals, the assessment years 2010-11 to 13-14 are taken as a separate group of cross appeals due to the reason that

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

153B and section 1530 shall \nhave the following effects in relation to assessment or reassessment in case of \nother persons referred to in section 153C A period of one year from the end of financial year in which the books of account \nor documents or assets seized or requisitioned are handed \n(i) over to the Assessing Officer having jurisdiction

ANSHU SAHAI (HUF), JAIPUR,JAIPUR vs. ACIT, CENTRAL CIRCLE 2, JAIPUR, JAIPUR

153B and section 1530 shall \nhave the following effects in relation to assessment or reassessment in case of \nother persons referred to in section 153C A period of one year from the end of financial year in which the books of account \nor documents or assets seized or requisitioned are handed \n(i) over to the Assessing Officer having jurisdiction

INCOME TAX OFFICER , SIKAR vs. BHASKAR CHAUHAN, JAIPUR

In the result the appeal of the revenue in ITA no

Bench: Him.

153B and section 153C, all other provisions of this Act shall apply to the assessment made under this section; (ii) in an assessment or reassessment made in respect of an assessment year under this section, the tax shall be chargeable at the rate or rates as applicable to such assessment year. Assessment of income of any other person. 153C. (1

ANSHU SAHAI (HUF), JAIPUR,JAIPUR vs. ACIT, CENTRAL CIRCLE 2, JAIPUR, JAIPUR

153B and section 1530 shall\nhave the following effects in relation to assessment or reassessment in case of\nother persons referred to in section 153C A period of one year from the end of financial year in which the books of account\nor documents or assets seized or requisitioned are handed\n(i) over to the Assessing Officer having jurisdiction

SMT. INDIRA AGRAWAL,KOTA vs. DEPUTY COMMISSIONER OF INCOME TAX, KOTA

In the result, appeals of the assessee in ITA No

153B of the IT Act on 27.12.2017 at the total income of Rs. 4,52,42,549/- which includes addition of Rs. 43,639/- on account of short declaration of LTCG turnover and addition of Rs. 1,42,490/- on account of disallowance of interest claim expenses. The AO then initiated the proceedings for levy of penalty under section 271AAB

SHRI RAM DAS SONKIA,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, JAIPUR

In the result, appeal of the assessee is allowed

153B(1)(b) of the Act on 14th December, 2016 accepting the returned income. The AO initiated the penalty proceedings under section 271AAB by issuing show cause notices dated 22nd December, 2016 and thereafter on 15th May, 2017. The assessee filed his reply to the show cause notice but the same was not accepted by the AO and consequently

SMT. JYOTI AGARWAL,KOTA vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, KOTA

In the result, appeals of the assessee in ITA nos

153B of the IT Act on 27.12.2017 at the total income of Rs. 4,30,65,828/- which includes addition of Rs. 42,379/- on account of short declaration of LTCG turnover and addition of Rs. 1,23,519/- on account of disallowance of interest claim expenses. The AO then initiated the proceedings for levy of penalty under section 271AAB

SHRI VASUDEV AGRAWAL,KOTA vs. DEPUTY COMMISSIONER OF INCOME TAX, KOTA

In the result, appeal of the assessee is allowed and the appeal of the revenue

153B of the IT Act on 19.12.2017 at the total income of Rs. 11,98,99,765/- which includes an addition of Rs. 9,000/- on account of short disclosure of commission income and an addition of Rs. 39,115/- on account of mismatch in the share trading turnover. The AO then initiated the proceedings for levy of penalty under

SHRI AJAY AGARWAL,KOTA vs. DEPUTY COMMISSIONER OF INCOME TAX, KOTA

In the result, appeal of the assessee is allowed and the appeal of the revenue

153B of the IT Act on 27.12.2017 at the total income of Rs. 11,18,77,980/- which includes an addition of Rs. 9,000/- on account of short disclosure of commission income and an addition of Rs. 41,778/- on account of mismatch in the share trading turnover. The AO then initiated the proceedings for levy of penalty under