NITIN VIJAY,JAIPUR vs. ITO WARD 1(4), JAIPUR, JAIPUR

2 is concerned, apparently when the Tribunal has\nfound as a fact that the assessee was receiving money from the customers in\nhands against the payment on delivery of the vehicles on receipt from the\ndealer the question of such amount standing in the books of account of the\nassessee would not attract section 68 because the cash deposits

DCIT, JAIPUR vs. RAJASTHAN COOPERATIVE DAIRY FEDERATION LTD, JAIPUR

In the result the appeal of the revenue in ITA No

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

195 ITD 244 (Raipur) (Trib.) A co-operative bank falls within the realm of the definition of "co-operative society" as contemplated in sec. 2(19) and therefore, dividend income received by the assessee from a co-operative bank is eligible for deduction u/s80P(2)(d). 4. So far as decision of Hon’ble Supreme Court in case of Totgars

DCIT, JAIPUR vs. RAJASTHAN COOPERATIVE DAIRY FEDERATION LTD, JAIPUR

In the result the appeal of the revenue in ITA No

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

195 ITD 244 (Raipur) (Trib.) A co-operative bank falls within the realm of the definition of "co-operative society" as contemplated in sec. 2(19) and therefore, dividend income received by the assessee from a co-operative bank is eligible for deduction u/s80P(2)(d). 4. So far as decision of Hon’ble Supreme Court in case of Totgars

DCIT, JAIPUR vs. RAJASTHAN COOPERATIVE DAIRY FEDERATION LTD, JAIPUR

In the result the appeal of the revenue in ITA No

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

195 ITD 244 (Raipur) (Trib.) A co-operative bank falls within the realm of the definition of "co-operative society" as contemplated in sec. 2(19) and therefore, dividend income received by the assessee from a co-operative bank is eligible for deduction u/s80P(2)(d). 4. So far as decision of Hon’ble Supreme Court in case of Totgars

SHRI SHRAVAN CHOUDHARY,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-5, JAIPUR

In the result, appeal of the assessee is allowed

Bench: The Date Of Hearing.”

195 (Bom) as well as decision in case of Bharat Jayantilal Patel vs. Union of India, 378 ITR 596 (Bom.) and contended that the AO should have allowed four weeks time to the assessee to seek legal remedy after rejection of objections of the assessee but no such time was granted to the assessee by the AO before passing

JODHPUR DEVELOPMENT AUTHORITY,JODHPUR vs. DCIT (EXEMPTION), JAIPUR

In the result, the appeal in ITA no

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI, AM vk;djvihy la-@ITA No. 665 & 666/JPR/2023 fu/kZkj.ko"kZ@Assessment Years : 2009-10 & 2013-14 Jodhpur Development Authority 1, Opposite Railway Hospital, JDA Circle, Jodhpur. cuke Vs. Deputy Commissioner of Income Tax, Exemption, Jodhpur. LFkk;hys[kk la-@thvkbZvkj la-@PAN/GIR No.: AAALJ 0478 P vihykFkhZ@Appellant izR;FkhZ@Respondent fu/kZkfjrh dh vksjls@Assesseeby : Shri Amit Kothari (C.A.) jktLo dh vksjls@Revenue by:

68 of Rajasthan Urban Improvement Act 1959 and the Jodhpur Development Act, explain that the UIT / JDA have been entrusted by the State Government with the control or management of “Local Fund” and therefore, it clearly qualifies to be the local authority as defined in section 10(20) of I.T. Act 1961. These provisions also reveal that

JODHPUR DEVELOPMENT AUTHORITY,JODHPUR vs. DCIT (EXEMPTION), JAIPUR

In the result, the appeal in ITA no

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

68 of Rajasthan Urban Improvement Act 1959 and the Jodhpur Development Act, explain that the UIT / JDA have been entrusted by the State Government with the control or management of “Local Fund” and therefore, it clearly qualifies to be the local authority as defined in section 10(20) of I.T. Act 1961. These provisions also reveal that

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

section 68, it is evident that assessing officer can make\naddition u/s 68 only under two circumstances, i.e.:\nor\n(i)\n(ii)\nAppellant does not offer any explanation about nature and source of such credit\nExplanation offered by Appellant is not upto the satisfaction of Ld. AO.\nIn other words, whenever Appellant provides explanation, before rejecting the\nsame

PADMAVATI AGRICO (INDIA) PVT LTD,AJMER vs. ACIT CIRCLE - 1, AJMER

In the result, the appeal of the assessee is allowed

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

section 68, it is evident that assessing officer can make addition u/s 68 only under two circumstances, i.e.: (i) Appellant does not offer any explanation about nature and source of such credit or (ii) Explanation offered by Appellant is not upto the satisfaction of Ld. AO. In other words, whenever Appellant provides explanation, before rejecting the same

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)

195 1298-1493 27 58-64 Exhibit 10 Page 1 PB Volume II Part II 2017-18 Sales Rs.2,35,50,916 to 36 587-725 2016-17 Sales Rs.28,200 2015-16 Sales Rs.2,68,920 28 64 Exhibit 11 Page 15 PB Volume I Part I 2016-17 Sales Rs.1

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)

195 1298-1493 27 58-64 Exhibit 10 Page 1 PB Volume II Part II 2017-18 Sales Rs.2,35,50,916 to 36 587-725 2016-17 Sales Rs.28,200 2015-16 Sales Rs.2,68,920 28 64 Exhibit 11 Page 15 PB Volume I Part I 2016-17 Sales Rs.1

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)

195 1298-1493 27 58-64 Exhibit 10 Page 1 PB Volume II Part II 2017-18 Sales Rs.2,35,50,916 to 36 587-725 2016-17 Sales Rs.28,200 2015-16 Sales Rs.2,68,920 28 64 Exhibit 11 Page 15 PB Volume I Part I 2016-17 Sales Rs.1

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)

195 1298-1493 27 58-64 Exhibit 10 Page 1 PB Volume II Part II 2017-18 Sales Rs.2,35,50,916 to 36 587-725 2016-17 Sales Rs.28,200 2015-16 Sales Rs.2,68,920 28 64 Exhibit 11 Page 15 PB Volume I Part I 2016-17 Sales Rs.1

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)

195 1298-1493 27 58-64 Exhibit 10 Page 1 PB Volume II Part II 2017-18 Sales Rs.2,35,50,916 to 36 587-725 2016-17 Sales Rs.28,200 2015-16 Sales Rs.2,68,920 28 64 Exhibit 11 Page 15 PB Volume I Part I 2016-17 Sales Rs.1

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)

195 1298-1493 27 58-64 Exhibit 10 Page 1 PB Volume II Part II 2017-18 Sales Rs.2,35,50,916 to 36 587-725 2016-17 Sales Rs.28,200 2015-16 Sales Rs.2,68,920 28 64 Exhibit 11 Page 15 PB Volume I Part I 2016-17 Sales Rs.1

DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-3, JAIPUR vs. KARNANI SOLVEX PRIVATE LIMITED, JAIPUR

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

68. The court ruled that without\nconcrete evidence to establish the identities of the creditors, any addition\nto the income of the assessee based on unexplained cash credits is\n\n54\nITA Nos.480/JP/2025\nDCIT vs. Karnani Solvex Private Ltd.\n\nunwarranted.\n\n10.5 Moreover, in the Supreme Court decision of CIT v. Lovely Exports (P)\nLtd

SHREENATH HERITAGE LIQUOR PVT. LTD.,JHUNJHUNU vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE, JHUNJHUNU

In the result, the appeal of the assessee is partly allowed

section 68. In view of this it is submitted that the addition made by the Learned Assessing Officer has erroneously confirmed by the Learned CIT(A) deserves to be deleted. 4. Favbourable case laws: - The assessee further places reliance on the following decisions of the wherein in similar circumstances share application money has been accepted as genuine and additions

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