WHOLE SALE CLOTH MERCHANT ASSOCIATION ,KOTA vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE KOTA , KOTA

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

u/s section\n11 (2) and 11(1)(a) of the\nAct\n33,50,772/-\n33,50,772/-\n5.\nUnverifiable Creditors\n16,75,286/-\n16,75,286/-\n6.\n15% of Construction\nExpenses\n1,20,00,440/-\n1,20,00,440/-\n7.\nDisallowance of Rs\n3,69,567 out of total\nexpenses

BRIGHT SECURITIES PRIVATE LIMITED,JAIPUR vs. INCOME TAX OFFICER, JAIPUR

In the result, the appeals of the assessee are allowed with no order as to\ncosts

sections 147, 148 of\nthe Income-tax Act, 1961, no fault can be found,\n7.7 Similarly, Hon'ble Bombay High Court in the case of Hede\nFerrominas Pvt. Lt reported in 147 taxmann.com 215 (Bombay) had\noccasion to examine whether there was sufficient material to form a\nreasonable belief that appellant's income had escaped assessment. The\nrelevant para

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, KOTA vs. NISHA JAIN, KOTA

In the result, the appeal of the Revenue is dismissed with no orders as to cost

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

reassessment order u/s 143(3) r/w 147, has started with the total income as assessed after giving effect to the order of the CIT (A) u/s 250 dt. 09.04.2019 at Rs. 75,95,250/-. Therefore, the ld. AO cannot blow hot and cold in the same breath now. 3. It is submitted that S. 44AB of the Act has been

POOJASHISH INFRASTRUCTURES PVT. LTD.,KOTA vs. DEPUTY COMMISSIONER OF INCOME TAX, KOTA

In the result, appeal of the assessee is allowed

u/s 143(2) has expired on 30.09.2011. Undisputedly, the assessment for the impugned assessment year was 7 Poojashish Infrastructures Pvt. Ltd., Kota Vs.The DCIT, Kota not pending on the date of search on 02.07.2015 and not got abated by virtue of search under section 132 on the date of search. It is a settled proposition of law that the assessment

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, KOTA vs. M/S. MULTI METAL PRIVATE LTD., KOTA

5. On the facts and in the circumstances of the case and in law the Id. CIT(A) erred in confirmation the addition of Rs. 25,71,25,000/- made by Id. AO u/s 68 of Income Tax Act, 1961 on account of unsecured loans taken from following parties and erroneously held that the identity, creditworthiness and genuineness

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, KOTA vs. M/S. MULTI METAL PRIVATE LTD., KOTA

5. On the facts and in the circumstances of the case and in law the Id. CIT(A) erred in confirmation the addition of Rs. 25,71,25,000/- made by Id. AO u/s 68 of Income Tax Act, 1961 on account of unsecured loans taken from following parties and erroneously held that the identity, creditworthiness and genuineness

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, KOTA vs. M/S. MULTI METAL PRIVATE LTD., KOTA

5. On the facts and in the circumstances of the case and in law the Id. CIT(A) erred in confirmation the addition of Rs. 25,71,25,000/- made by Id. AO u/s 68 of Income Tax Act, 1961 on account of unsecured loans taken from following parties and erroneously held that the identity, creditworthiness and genuineness

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, KOTA vs. M/S. MULTI METAL PRIVATE LTD., KOTA

5. On the facts and in the circumstances of the case and in law the Id. CIT(A) erred in confirmation the addition of Rs. 25,71,25,000/- made by Id. AO u/s 68 of Income Tax Act, 1961 on account of unsecured loans taken from following parties and erroneously held that the identity, creditworthiness and genuineness

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, KOTA vs. M/S. MULTI METAL PRIVATE LTD., KOTA

5. On the facts and in the circumstances of the case and in law the Id. CIT(A) erred in confirmation the addition of Rs. 25,71,25,000/- made by Id. AO u/s 68 of Income Tax Act, 1961 on account of unsecured loans taken from following parties and erroneously held that the identity, creditworthiness and genuineness

M/S. MULTI METAL PRIVATE LTD.,KOTA vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, KOTA

5. On the facts and in the circumstances of the case and in law the Id. CIT(A) erred in confirmation the addition of Rs. 25,71,25,000/- made by Id. AO u/s 68 of Income Tax Act, 1961 on account of unsecured loans taken from following parties and erroneously held that the identity, creditworthiness and genuineness

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, KOTA vs. M/S. MULTI METAL PRIVATE LTD., KOTA

5. On the facts and in the circumstances of the case and in law the Id. CIT(A) erred in confirmation the addition of Rs. 25,71,25,000/- made by Id. AO u/s 68 of Income Tax Act, 1961 on account of unsecured loans taken from following parties and erroneously held that the identity, creditworthiness and genuineness

M/S. MULTI METAL PRIVATE LTD.,KOTA vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, KOTA

5. On the facts and in the circumstances of the case and in law the Id. CIT(A) erred in confirmation the addition of Rs. 25,71,25,000/- made by Id. AO u/s 68 of Income Tax Act, 1961 on account of unsecured loans taken from following parties and erroneously held that the identity, creditworthiness and genuineness

M/S. MULTI METAL PRIVATE LTD.,KOTA vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, KOTA

5. On the facts and in the circumstances of the case and in law the Id. CIT(A) erred in confirmation the addition of Rs. 25,71,25,000/- made by Id. AO u/s 68 of Income Tax Act, 1961 on account of unsecured loans taken from following parties and erroneously held that the identity, creditworthiness and genuineness

WHOLE SALE CLOTH MERCHANT ASSOCIATION ,KOTA vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE KOTA , KOTA

u/s 12A of\nthe IT Act vide registration certificate No. 8/1993-94/2609dt. 10.08.1994 (PB 37).\nSince the issues challenged by way of these appeals are identical in nature in all the\nyears and for sake of convenience we are submitting common submission. That year\nwise detail of issue under challenge and addition made by the ld. Assessing officer &\nCIT

DCIT, CENTRAL CIRCLE, AJMER vs. M/S SILVERTOSS COMMODITIES PVT. LTD., KOLKATA

The appeals of the revenue stand dismissed and the cross objections of the assessee are partly allowed

5,18,00,000). Accordingly, an addition of Rs. 43,88,06,055/- is made to the total income of the assessee for A.Y. 2012-13.” 7. Being aggrieved by the order of the AO, the assessee preferred appeal before the ld. CIT (A). The ld. CIT (A) discussed the matter at great length and following the various decisions

SHRI BANNA LAL JAT,BHILWARA vs. ASSISTANT COMMISSIONER OF INCOME TAX, AJMER

In the result, theses appeals filed by the assessee are allowed

5. We have considered the rival submissions as well as the relevant material on record. The original return of income for the assessment Shri Banna Lal Jat vs. ACIT years 2010-11 & 2011-12 were filed by the assessee on 29.09.2010 and 26.09.2011 declaring total income of Rs. 1,23,12,260/- and Rs. 1,60,73,870/- respectively

SHRI BANNA LAL JAT,BHILWARA vs. ASSISTANT COMMISSIONER OF INCOME TAX, AJMER

In the result, theses appeals filed by the assessee are allowed

5. We have considered the rival submissions as well as the relevant material on record. The original return of income for the assessment Shri Banna Lal Jat vs. ACIT years 2010-11 & 2011-12 were filed by the assessee on 29.09.2010 and 26.09.2011 declaring total income of Rs. 1,23,12,260/- and Rs. 1,60,73,870/- respectively

SHRI BANNA LAL JAT,BHILWARA vs. ASSISTANT COMMISSIONER OF INCOME TAX, AJMER

In the result, theses appeals filed by the assessee are allowed

5. We have considered the rival submissions as well as the relevant material on record. The original return of income for the assessment Shri Banna Lal Jat vs. ACIT years 2010-11 & 2011-12 were filed by the assessee on 29.09.2010 and 26.09.2011 declaring total income of Rs. 1,23,12,260/- and Rs. 1,60,73,870/- respectively