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)

68,920/-) (APB 587- 725 Compilation of Papers Volume I Part II) The appellant submits that the additions in respect of all the papers seized and inventorized under Exhibit A-10 have already been made by the ld. AO in A.Y.2017-18, wherein a total addition of Rs.2,35,50,916/- has been made taking into account all the papers contained

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)

68,920/-) (APB 587- 725 Compilation of Papers Volume I Part II) The appellant submits that the additions in respect of all the papers seized and inventorized under Exhibit A-10 have already been made by the ld. AO in A.Y.2017-18, wherein a total addition of Rs.2,35,50,916/- has been made taking into account all the papers contained

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)

68,920/-) (APB 587- 725 Compilation of Papers Volume I Part II) The appellant submits that the additions in respect of all the papers seized and inventorized under Exhibit A-10 have already been made by the ld. AO in A.Y.2017-18, wherein a total addition of Rs.2,35,50,916/- has been made taking into account all the papers contained

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)

68,920/-) (APB 587- 725 Compilation of Papers Volume I Part II) The appellant submits that the additions in respect of all the papers seized and inventorized under Exhibit A-10 have already been made by the ld. AO in A.Y.2017-18, wherein a total addition of Rs.2,35,50,916/- has been made taking into account all the papers contained

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)

68,920/-) (APB 587- 725 Compilation of Papers Volume I Part II) The appellant submits that the additions in respect of all the papers seized and inventorized under Exhibit A-10 have already been made by the ld. AO in A.Y.2017-18, wherein a total addition of Rs.2,35,50,916/- has been made taking into account all the papers contained

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)

68,920/-) (APB 587- 725 Compilation of Papers Volume I Part II) The appellant submits that the additions in respect of all the papers seized and inventorized under Exhibit A-10 have already been made by the ld. AO in A.Y.2017-18, wherein a total addition of Rs.2,35,50,916/- has been made taking into account all the papers contained

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)

section (1).” It is evident from the plain reading of heading of section 115BBE itself that the provisions of this section are applicable only to incomes referred to in section 68, Shri Jitendra Kumar Agarwal vs. DCIT 69, 69A, 69B,69C or 69D, and as submitted supra, the additions made by the ld.AO are on account

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)

section (1).” It is evident from the plain reading of heading of section 115BBE itself that the provisions of this section are applicable only to incomes referred to in section 68, Shri Jitendra Kumar Agarwal vs. DCIT 69, 69A, 69B,69C or 69D, and as submitted supra, the additions made by the ld.AO are on account

M/S. SHRI NATH CORPORATION,JAIPUR vs. DCIT, C.C.-2, JAIPUR

In the result, appeal of the assessee and that of the revenue stands

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

section 145(3). However, at the same time we also note that ld. CIT(A) has rightly noted that considering the various instances of unaccounted sales related to assessee firm, we also noticed from seized documents found in the group Shrinath Corporation vs. DCIT, Central Circle-02, Jaipur cases and accordingly we see no reason to differ with

DCIT, CC-2,, JAIPUR vs. SHRI NATH CORPORATION , JAIPUR

In the result, appeal of the assessee and that of the revenue stands

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

section 145(3). However, at the same time we also note that ld. CIT(A) has rightly noted that considering the various instances of unaccounted sales related to assessee firm, we also noticed from seized documents found in the group Shrinath Corporation vs. DCIT, Central Circle-02, Jaipur cases and accordingly we see no reason to differ with

SDC CONSTRUCTION,JAIPUR vs. ITO, WD 1(3), JIAPUR

In the result, the appeal filed by the assessee is allowed

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

Section 68 of the Income Tax Act, 1961. Record reveals that there was specific information, it brought on records that unexplained bogus entries were found credited in books of the assessee firm in the name of M/s Sanmati Gems Pvt. Ltd. (PAN: AAQCS8731D) amounting to Rs. 72,00,000/- and from M/s Siddhant Gems Pvt Ltd (PAN:AALCS5128F) amounting

INCOME TAX OFFICER, WARD-2(2), JAIPUR vs. M/S. TRUGOLD BUILDTECH PRIVATE LIMITED, JAIPUR

In the result, appeal of the revenue is allowed for statistical purposes in terms indicated hereinabove

166 (Delhi - Trib.), it was held that revenue had failed to prove that the amounts were credited to the books of account of the assessee in the year under consideration. These amounts were brought forward from earlier years and it is settled law that the addition under section 68

INCOME TAX OFFICER, JAIPUR vs. KEDIA BUILDERS AND COLONIZERS PRIVATE LIMITED, JAIPUR

In the result, all appeals of the revenue are stands dismissed

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

section 147 of the I.T. Act, 1961.” 5.5. The appellant submitted that the AO has satisfied himself that appellant had taken accommodation entry in the shape of unsecured loans. The appellant submitted that it raised objections before AO against such reasons wherein it was categorically contended that appellant had not taken any unsecured loans from any of the party

MANTIKA BENEFICIARY TRUST,JAIPUR vs. ITO WD 7(1), JAIPUR, JAIPUR

In the result, the appeal of the assessee is allowed in above terms

Bench: Dr. S. Seethalakshmi & Shri Gagan Goyalmantika Beneficiary Trust, D 122, Amba Bari, Jaipur – 302 012. Pan No.:Aaetm7086Q ...... Appellant Vs. Ito, Ward- 7(1), Jaipur ...... Respondent

68,240/- on 27.07.2022. The return of the assessee trust was processed vide intimation u/s. 143(1) of the Act vide dated: 24.05.2023, wherein a surcharge @ 37% was charged amounting to Rs. 91,500/- and interest thereon amounting to Rs. 7,012/-. Against this intimation, the assessee filed an application u/s. 154 of the Act before the CPC, Bengaluru

RAGHAV KUMAR DHOOT,JAIPUR vs. DCIT CENTRAL CIRCLE 1, JAIPUR

In the result, the appeal filed by the assessee is allowed

166\nTaxman 307 (Punjab & Haryana)/[2008] 218 CTR 191 (Punjab &\nHaryana) [07-12-2007] that :-Section 124 of the Income-tax Act, 1961\nAssessing Officer Jurisdiction of -Assessment year 1992-93 - Whether in\nterms of section 124(3)(b), jurisdiction of an Assessing Officer cannot be\ncalled in question by an assessee after expiry of one month from

SHRI AMBICA GARMENTS, JODHPUR,JODHPUR vs. ACIT, CENTAL CIRCLE-3, JAIPUR, JAIPUR

In the result, all appeals of the assessee are disposed off in terms of

section 68 of the Act are not satisfied. However the appellant / Id. AR has submitted ledger account of Kotak Bank loan and made arguments regarding Kotak Bank Loan and contended that bank loan cannot be treated as unexplained and that the substantial entries are matching in the ledger account in Jai Shree Ram and Ambika Garments. Accordingly the addition

SHRI AMBICA GARMENTS, JODHPUR,JODHPUR vs. ACIT, CENTRAL CIRCLE-3, JAIPUR, JAIPUR

In the result, all appeals of the assessee are disposed off in terms of

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

section 68 of the Act are not satisfied. However the appellant / Id. AR has submitted ledger account of Kotak Bank loan and made arguments regarding Kotak Bank Loan and contended that bank loan cannot be treated as unexplained and that the substantial entries are matching in the ledger account in Jai Shree Ram and Ambika Garments. Accordingly the addition

SHRI AMBICA GARMENTS, JODHPUR,JODHPUR vs. ACIT, CENTAL CIRCLE-3, JAIPUR, JODHPUR

In the result, all appeals of the assessee are disposed off in terms of

section 68 of the Act are not satisfied. However the appellant / Id. AR has submitted ledger account of Kotak Bank loan and made arguments regarding Kotak Bank Loan and contended that bank loan cannot be treated as unexplained and that the substantial entries are matching in the ledger account in Jai Shree Ram and Ambika Garments. Accordingly the addition

SANJAY KUMAR KARNANI,JAIPUR vs. ACIT, CENTRAL CIRCLE-3, JAIPUR, JAIPUR

In the result, all appeals of the assessee are disposed off in terms of

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

section 68 of the Act are not satisfied. However the appellant / Id. AR has submitted ledger account of Kotak Bank loan and made arguments regarding Kotak Bank Loan and contended that bank loan cannot be treated as unexplained and that the substantial entries are matching in the ledger account in Jai Shree Ram and Ambika Garments. Accordingly the addition