RAJIV NIGOTIYA,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX,CENTRAL CIRCLE-1, JAIPUR

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

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

68 to 69D has applied Section 115 BBE, which is incorrect as per the relevant scheme. 2.3. Ld. CIT(A) at Page

SANDEEP SETHI ,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX,CENTRAL CIRCLE-1,JAIPUR, JAIPUR

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

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

68 to 69D has applied Section 115 BBE, which is incorrect as per the relevant scheme. 2.3. Ld. CIT(A) at Page

PEEYUSH AGARWAL,JAIPUR, RAJASTHAN vs. ITO, WARD 1(5), JAIPUR, JAIPUR, RAJASTHAN

In the result Ground and 1 and 2 raised by the assessee are allowed

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI GAGAN GOYAL (Accountant Member)

section 68 of the 51 Peeyush Agarwal, Jaipur. Act that will amount to double taxation once as sales and again as unexplained cash credit which is against the principles of taxation. Assessee was having only one source of income from trading in beedi, tea power and pan masala and therefore provisions of section 115BBE of the Act will

KALINDEE ESTATES PRIVATE LIMITED,JAIPUR vs. INCOME TAX OFFICER , JAIPUR

section 68 and added it\nto income of assessee On appeal, Commissioner (Appeals) deleted addition\nOn revenue's appeal to Tribunal, assessee showed that 111 deposits of Rs.\n19,000/- each in cash were made in bank account of 'D' Ltd. which were converted\ninto drafts and in this manner 'D' Ltd. subscribed to share application of assessee\ncompany

JITENDRA KUMAR TAHILRAMANI,JAIPUR vs. ITO WARD-2, JAIPUR., JAIPUR

Bench: Him.

section 68 of the Act as the same cannot be made without rejecting the books of account of the assessee regularly maintained by the assessee and the said cash deposited is duly supported by the entries passed in the books of account and part of the sale accepted by the AO. • ACIT Central Circle-1 vs. Shri Mahendra Kumar

RIDHIRAJ BUILDERS,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-6, NCRB, JAIPUR

In the result, the appeal of the assessee is allowed for statistical purposes

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

68 applied by the Ld. AO and taxing the income under section 115 BBE is totally unjustifiable and also

RSD CONTAINERS PRIVATE LIMITED,JAIPUR vs. ITO, WARD 7(1), JAIPUR, JAIPUR

In the result, the appeal of the assessee is allowed

Sections 14, 68 and 115 has dealt with the procedure pre and post 1.4.2017 on the entitlement of business

MOHAN LAL ASHOK KUMAR SARAF,JAIPUR vs. DCIT CEN CIR 1, JAIPUR

In the result, the appeal of the assessee is allowed as indicated hereinabove

115 BBE was inserted by Finance Act 2012 wef 01.04.2013. As on 01.04.2016 the financial year in which the subject seizures occurred Section 1558BE provided for 30% tax on income refereed to in Sections 68

DCIT, CC-2, JAIPUR vs. M/S. ROYAL JEWELLERS, JAIPUR

In the result, appeal of the assessee in ITA No

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

115/-as a result of survey conducted at its premises on 09.12.2014. - GP rate of 9.64% was applied on Addition of Rs.2,68,920/- made by ld.AO on account of unrecorded sales computed on the basis of loose papers found, and thus addition was restricted to Rs.26,031/-. A.Y. 2016-17: - GP rate of 9.06% was applied as against

M/S. ROYAL JEWELLERS,JAIPUR vs. DCIT, CENTRAL CIRCLE, JAIPUR

In the result, appeal of the assessee in ITA No

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

115/-as a result of survey conducted at its premises on 09.12.2014. - GP rate of 9.64% was applied on Addition of Rs.2,68,920/- made by ld.AO on account of unrecorded sales computed on the basis of loose papers found, and thus addition was restricted to Rs.26,031/-. A.Y. 2016-17: - GP rate of 9.06% was applied as against

DCIT, CC-2, JAIPUR vs. M/S. ROYAL JEWELLERS, JAIPUR

In the result, appeal of the assessee in ITA No

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

115/-as a result of survey conducted at its premises on 09.12.2014. - GP rate of 9.64% was applied on Addition of Rs.2,68,920/- made by ld.AO on account of unrecorded sales computed on the basis of loose papers found, and thus addition was restricted to Rs.26,031/-. A.Y. 2016-17: - GP rate of 9.06% was applied as against

M/S. ROYAL JEWELLERS,JAIPUR vs. DCIT, CENTRAL CIRCLE, JAIPUR

In the result, appeal of the assessee in ITA No

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

115/-as a result of survey conducted at its premises on 09.12.2014. - GP rate of 9.64% was applied on Addition of Rs.2,68,920/- made by ld.AO on account of unrecorded sales computed on the basis of loose papers found, and thus addition was restricted to Rs.26,031/-. A.Y. 2016-17: - GP rate of 9.06% was applied as against

M/S. ROYAL JEWELLERS,JAIPUR vs. DCIT, CENTRAL CIRCLE, JAIPUR

In the result, appeal of the assessee in ITA No

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

115/-as a result of survey conducted at its premises on 09.12.2014. - GP rate of 9.64% was applied on Addition of Rs.2,68,920/- made by ld.AO on account of unrecorded sales computed on the basis of loose papers found, and thus addition was restricted to Rs.26,031/-. A.Y. 2016-17: - GP rate of 9.06% was applied as against

DCIT, CC-2, JAIPUR vs. M/S. ROYAL JEWELLERS, JAIPUR

In the result, appeal of the assessee in ITA No

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

115/-as a result of survey conducted at its premises on 09.12.2014. - GP rate of 9.64% was applied on Addition of Rs.2,68,920/- made by ld.AO on account of unrecorded sales computed on the basis of loose papers found, and thus addition was restricted to Rs.26,031/-. A.Y. 2016-17: - GP rate of 9.06% was applied as against

DCIT, CC-2, JAIPUR vs. SHRI JITENDRA KUMAR AGARWAL, JAIPUR

In the result, appeal of the assessee is dismissed and that of the revenue is also stands dismissed

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

68 of the Act and accordingly an addition of Rs. 7,46,04,862/- was made to the returned income of the assessee. 4.6 During the course of survey proceeding at business premises of M/s. Garg Jeweller at shop 222, Johari Bazar, Jaipur Physical verification of stock was taken on 29-07-2016 by registered valuer and the stock

SHRI JITENDRA KUMAR AGARWAL,JAIPUR vs. DCIT, CENTRAL CIRCLE-2, JAIPUR

In the result, appeal of the assessee is dismissed and that of the revenue is also stands dismissed

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

68 of the Act and accordingly an addition of Rs. 7,46,04,862/- was made to the returned income of the assessee. 4.6 During the course of survey proceeding at business premises of M/s. Garg Jeweller at shop 222, Johari Bazar, Jaipur Physical verification of stock was taken on 29-07-2016 by registered valuer and the stock

GOLECHAS JEWELS,JAIPUR vs. CIT(A), DELHI

In the result, the appeal of the assesee is allowed\nOrder pronounced in the open court on\n10/04/2024

Section 44AB of the Income Tax Act, 1961. In the\naudit, there were no adverse remarks of the auditor and the auditor found the underlying\nevidences, substantiating the transactions recorded in the books of accounts, w.r.t. cash sales, to\nbe adequate and reasonable.\n21. The details of party-wise purchases along with their PAN and address were submitted\nbefore

SH. SANJAY BAIRATHI ,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, JAIPUR

In the result, grounds taken by Revenue are dismissed

68 to 69D of the Act, then notwithstanding anything contained in this Act, no deduction in respect of any expenditure or allowance (or set off of any loss) shall be allowed to the assessee under any provision of this Act, in computing his income referred to in clause (a) of sub 16 ITA N0. 1343/JP/2018 Shri Sanjay Bairathi, Jaipur. section