RAJESH CHOUDHARY,GURGAON vs. ACIT CENTRAL CIRCLE, ALWAR, ALWAR

In the result, the appeal of the assessee is allowed

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

56, Gurgaon, Haryana- 122001. 2. That a Survey u/s. 133A of the I.T. Act, 1961 was carried out by Income Tax Department officials on 28.08.2018 at the business premises of assessee. That the statement of appellant is recorded 2 times. 1st statement was 3. recorded on 28.08.2018 (i.e. during survey) and second statement was recorded on 04.09.2018 (i.e. Post Survey

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)

X-A) On the same date, Hon'ble Apex Court has also admitted SLP on the same issue in the case of PCIT Vs Dhananjay International Ltd [2020] 114 taxmann.com 351 (SC) (XI) Similarly, vide order dated 24.01.2020 in the case of PCIT vs. Gahoi Foods (P.) Ltd. [2020] 117 taxmann.com 118 (SC), the Hon'ble Apex Court has admitted

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)

X-A) On the same date, Hon'ble Apex Court has also admitted SLP on the same issue in the case of PCIT Vs Dhananjay International Ltd [2020] 114 taxmann.com 351 (SC) (XI) Similarly, vide order dated 24.01.2020 in the case of PCIT vs. Gahoi Foods (P.) Ltd. [2020] 117 taxmann.com 118 (SC), the Hon'ble Apex Court has admitted

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)

X-A) On the same date, Hon'ble Apex Court has also admitted SLP on the same issue in the case of PCIT Vs Dhananjay International Ltd [2020] 114 taxmann.com 351 (SC) (XI) Similarly, vide order dated 24.01.2020 in the case of PCIT vs. Gahoi Foods (P.) Ltd. [2020] 117 taxmann.com 118 (SC), the Hon'ble Apex Court has admitted

INCOME TAX OFFICER , SIKAR vs. BHASKAR CHAUHAN, JAIPUR

In the result the appeal of the revenue in ITA no

Bench: Him.

reassessment under Sections 139,147,148,149,151 & 153. " In view of the above discussion, the assessment completed u/s 144 deserves to be quashed. The order of the Learned CIT(A) also deserved to be quashed on this ground. Additional Ground No.2 On the facts and in the circumstances of the case and in law, the Learned

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. VIPUL BANKA, SIKAR

In the result, the appeals of the revenue stands dismissed, and the

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

x. The power to issue directions in the manner exercised by the ld. CIT(A) in the present case is clearly unwarranted and impermissible under the scheme of Act. If such power to issue binding directions for reassessment proceedings under Sections 147/148 read with Section 150 were to be vested in the hands of the CIT(A), it would lead

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. VAIBHAV BANKA, SIKAR

In the result, the appeals of the revenue stands dismissed, and the

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

x. The power to issue directions in the manner exercised by the ld. CIT(A) in the present case is clearly unwarranted and impermissible under the scheme of Act. If such power to issue binding directions for reassessment proceedings under Sections 147/148 read with Section 150 were to be vested in the hands of the CIT(A), it would lead

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. SUBHASH CHANDRA BANKA, JAIPUR

In the result, the appeals of the revenue in ITA No

x) Copy of bills issued by B. Lodha Securities Ltd\nPage No.29 to 33 (Xi) Copy of Contract Note issued by Natraj Capital and Credit\nPvt. Ltd. Page No.34 (xii) Copy of bills issued by B. Lodha Securities Ltd Page\nNo.35 to 44 (xiii) Copy of allotment advice and acknowledgement slip issued by\nAnax Com Trade Ltd Page

PINCITY JEWLHOUSE PVT. LTD.,JAIPUR vs. PCIT, CC, JAIPUR, JAIPUR

In the result, the appeal of the assessee is allowed

Bench: the date of hearing." 3. At the outset of hearing, the Bench observed that there is delay of 58 days in filing of the present appeal by the assessee for which the Id. AR of 3

56,689.00 1,78,92,739.00 PB-I [46- PB-I [58-73] 57] 21.03.2016 17.12.2018 4 2013-2014 20,48,030.00 8,14,33,841.00 8,14,33,841.00 6,17,64,673.00 2,52,62,800.00 2

SUNIL KUMAR GATTANI,JAIPUR vs. THE ASSTT. COMMISSIONER OF INCOME TAX CENTRAL CIRCLE - 2, JAIPUR

In the result ground no. 7

reassessment is passed\npursuant to a search operation is a mandatory requirement of section 153D and\nthat such approval is not meant to be given mechanically and while elaborate\nreasons need not be given, but there has to be some indication that approving\nauthority has examined draft orders and finds that it meets requirement of law\nHigh Court further held

DCIT, AJMER vs. M/S V.C. GRANITE, AJMER

In the result, appeal of the assessee is allowed

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

56 regarding alleged harassment by Income Tax Authorities gave the following information in Lok Sabha M/s. V.C. Granites, Ajmer. “. The scheme for re-assessment of income escaping assessment, as laid down in Section 148 of the Income Tax Act, 1961 (‘Act’) was reformed by the Finance Act, 2021 & Finance Act, 2022. The new scheme was introduced with an intent

V C GRANITES,AJMER vs. DCIT CENTRAL CIRCLE AJMER, AJMER

In the result, appeal of the assessee is allowed

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

56 regarding alleged harassment by Income Tax Authorities gave the following information in Lok Sabha M/s. V.C. Granites, Ajmer. “. The scheme for re-assessment of income escaping assessment, as laid down in Section 148 of the Income Tax Act, 1961 (‘Act’) was reformed by the Finance Act, 2021 & Finance Act, 2022. The new scheme was introduced with an intent

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)

x) In view of the above facts and on perusal of the assessment order, it is observed that the additions made by the A.O. is based on the aforesaid documents pertaining to compulsory acquisition of land in lieu of which, though the land was allotted by the JDA, however possession of this land has not yet been given

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)

x) In view of the above facts and on perusal of the assessment order, it is observed that the additions made by the A.O. is based on the aforesaid documents pertaining to compulsory acquisition of land in lieu of which, though the land was allotted by the JDA, however possession of this land has not yet been given

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)

x) In view of the above facts and on perusal of the assessment order, it is observed that the additions made by the A.O. is based on the aforesaid documents pertaining to compulsory acquisition of land in lieu of which, though the land was allotted by the JDA, however possession of this land has not yet been given

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)

x) In view of the above facts and on perusal of the assessment order, it is observed that the additions made by the A.O. is based on the aforesaid documents pertaining to compulsory acquisition of land in lieu of which, though the land was allotted by the JDA, however possession of this land has not yet been given

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. TRILOK DEWAN, SIKAR

In the result, the appeals of the revenue in ITA No

x) Copy of bills issued by B. Lodha Securities Ltd\nPage No.29 to 33 (Xi) Copy of Contract Note issued by Natraj Capital and Credit\nPvt. Ltd. Page No.34 (xii) Copy of bills issued by B. Lodha Securities Ltd Page\nNo.35 to 44 (xiii) Copy of allotment advice and acknowledgement slip issued by\nAnax Com Trade Ltd Page

OM KOTHARI FOUNDATION,JAIPUR, RAJASTHAN vs. ITO, (EXEMPTION) WARD-1, JAIPUR, JAIPUR, RAJASTHAN

In the result, the appeals of the assessee in ITA No

Bench: SHRI SANDEEP GOSAIN (Judicial Member), DR MITHA LAL MEENA (Accountant Member)

reassessment is to be done in two different stages challenging the reasons of reopening and (i) challenging the assessment order. Assessee's challenge to the order of the assessing officer rejecting the objection against the reasons of reopening and assessce's challenge to the assessment order are two separate proceedings. Assessee cannot challenge order of the assessing officer disposing objections