BHAGWAN SAHAI,JAIPUR vs. ITO, JAIPUR

In the result, the appeal of the assessee is allowed

reassessment under section 147 of the IT Act. She has relied upon the findings of the ld. CIT (A) on this issue. 5. The rival contentions as well as the relevant material on record have been considered. There is no dispute as regards the original return of income filed by the assessee on 14.08.2007 with ITO Ward-1, Hanumangarh

ROHIT LADIWALA,JAIPUR vs. DCIT, CENTRAL CIRCLE-1, JAIPUR

reassessment of the concluded assessments does not arise, which would\nrequire more reiteration and it is only in the context of the abated assessment\nunder second proviso which is required to be assessed. ”\nTherefore, in view of the submission made above and judicial precedents\n(supra), in case of completed assessment, assessment u/s 153A is confined to\nincriminating material, found

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, JAIPUR vs. SMT. PALLAVI MISHRA, JAIPUR

In the result, all the additional grounds of appeal as well as original ground of appeal no

Section 153 prescribes the time limit for completion of assessment, reassessment and recomputation. According to which the same is to be completed within 21 months from the end of the assessment year in which the income was first assessable. After framing of assessment, the Assessing Officer becomes functus officio. He no longer remains in jurisdiction to redo or re-compute

DCIT, JAIPUR vs. SUMS EXIM PVT. LTD., JAIPUR

In the result , ground no. 2 raised by the revenue is dismissed

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

245D(4) of the Act as void because it has been obtained by fraud and misrepresentation of facts on the part of Sh Sanjay Jain & his entities. In view of these facts, AO is hereby directed under section 150(1) of the Act to re-open the case of Sh Sanjay Jain, M/s Shrey's India Pvt Ltd. M/s Supreme

RAJESH PRODUCTS,TONK ,RAJASTHAN vs. ACIT, JAIPUR

245D(1) dated 08-05-2017. M/s RT Industries\nhad filed a Writ Petition before the Hon'ble Delhi High Court against this order.\n(ii) It is clarified that the above exhibits contain the entries related to M/s Rajesh\nProducts also, apart from those related to M/s RT Industries. For instance, the\nfollowing page nos. of exhibits mention

NEERAJ SUWALKA,JAIPUR vs. DCIT, JAIPUR

In the result, the appeal of the assessee is dismissed

Section 40A(3) ITA No. 158 to 160/JP/2017 5 Shri Neeraj Suwalka vs. DCIT of the Act. It was further submitted that there is no bar under law that addition cannot be made U/s 40A(3) in case of search proceedings. And in support, reliance was placed on the decisions of the Hon’ble Calcutta High Court in case

NEERAJ SUWALKA,JAIPUR vs. DCIT, JAIPUR

In the result, the appeal of the assessee is dismissed

Section 40A(3) ITA No. 158 to 160/JP/2017 5 Shri Neeraj Suwalka vs. DCIT of the Act. It was further submitted that there is no bar under law that addition cannot be made U/s 40A(3) in case of search proceedings. And in support, reliance was placed on the decisions of the Hon’ble Calcutta High Court in case

NEERAJ SUWALKA,JAIPUR vs. DCIT, JAIPUR

In the result, the appeal of the assessee is dismissed

Section 40A(3) ITA No. 158 to 160/JP/2017 5 Shri Neeraj Suwalka vs. DCIT of the Act. It was further submitted that there is no bar under law that addition cannot be made U/s 40A(3) in case of search proceedings. And in support, reliance was placed on the decisions of the Hon’ble Calcutta High Court in case