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 147 r.ws. 148 of the Act, after recording the reasons in this case, a notice u/s 148 of the Act dated 13.02.2015 was issued to the assessee, which was served upon the assessee. Vide letter dated 09-03-2015 assessee submitted that the original return of income filed u/s 139(1) may be considered as return filed

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

68 r.w.s. 115BBE of the Act. The appellant has challenged the addition in the appeal. The appellant has inter- alia submitted that the cash sale from the stock available with the appellant and during the year the appellant adopted new strategy during the month of October 2016 which resulted into high sales for them and further that high sale

ACIT CENTRAL CIRCLE-1 , JAIPUR vs. MAHENDRA KUMAR AGARWAL, JAIPUR

In the result, appeal of the revenue is dismissed

214 ITR 801 SC, and Durga Prasad More 82 ITR 540 SC. 3. The learned CIT appeal has erred in law and on facts in holding the income to be not taxable as per provisions of Sec. 115BBE of IT Act, 1961. 4. The learned CIT Appeal while granting relief has ignored that the taxpayer was involved in an activity

RUKMANI JEWELLERS PRIVATE LIMITED,JAIPUR vs. DCIT CIR.-4 JAIPUR, JAIPUR

In the result, the appeal of the assessee is allowed

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

Section 68" it was necessary for the assessee to prove prima facie the identity of creditors, the capacity of such creditors and lastly the genuineness of transactions". 7.4 Similarly, in the case of CIT v. Precision Finance (P.) Ltd [1994] 208 ITR 465 (Cal)], it was observed that "it is for the assessee to prove the identity of creditors

ACIT, CC-2, JAIPUR, INCOME TAX DEPARTMENT vs. CHANDRA MOHAN BADAYA, JAIPUR

In the result the four appeals filed by the assessee stands

Bench: Him In The Case Of The Assessee For All These Four Assessment Year.

section 68 of the Act and the said amount have been treated as income from the unexplained source, the applicant was entitled to take up a plea of addition of the aforesaid peak credit as the entire deposits have been treated to be income of the applicant. The contention is wholly misconceived. For adjudicating upon the plea of peak

ACIT, CENTRAL CIRCLE-2, JAIPUR, JAIPUR vs. CHANDRA MOHAN BADAYA, JAIPUR

In the result the four appeals filed by the assessee stands

Bench: Him In The Case Of The Assessee For All These Four Assessment Year.

section 68 of the Act and the said amount have been treated as income from the unexplained source, the applicant was entitled to take up a plea of addition of the aforesaid peak credit as the entire deposits have been treated to be income of the applicant. The contention is wholly misconceived. For adjudicating upon the plea of peak

ACIT, CENTRAL CIRCLE-2, JAIPUR, JAIPUR vs. CHANDRA MOHAN BADAYA, JAIPUR

In the result the four appeals filed by the assessee stands

Bench: Him In The Case Of The Assessee For All These Four Assessment Year.

section 68 of the Act and the said amount have been treated as income from the unexplained source, the applicant was entitled to take up a plea of addition of the aforesaid peak credit as the entire deposits have been treated to be income of the applicant. The contention is wholly misconceived. For adjudicating upon the plea of peak

CHANDRA MOHAN BADAYA,JAIPUR vs. DCIT, CENTRAL CIRCLE-2, JAIPUR

In the result the four appeals filed by the assessee stands

Bench: Him In The Case Of The Assessee For All These Four Assessment Year.

section 68 of the Act and the said amount have been treated as income from the unexplained source, the applicant was entitled to take up a plea of addition of the aforesaid peak credit as the entire deposits have been treated to be income of the applicant. The contention is wholly misconceived. For adjudicating upon the plea of peak

ACIT, CENTRAL CIRCLE-2, JAIPUR, JAIPUR vs. CHANDRA MOHAN BADAYA, JAIPUR

In the result the four appeals filed by the assessee stands

Bench: Him In The Case Of The Assessee For All These Four Assessment Year.

section 68 of the Act and the said amount have been treated as income from the unexplained source, the applicant was entitled to take up a plea of addition of the aforesaid peak credit as the entire deposits have been treated to be income of the applicant. The contention is wholly misconceived. For adjudicating upon the plea of peak

ACIT, CENTRAL CIRCLE-3, JAIPUR vs. SHRI NAVAL KISHORE SONI, JAIPUR

In the result, all the appeals of the revenue are dismissed whereas all the appeals of the assessee are allowed

214/- as unexplained investment as per discussion in para – 5 of assessment order and The assessee, thereafter moved an application u/s 154 to A.O. for rectification of apparent mistake(s) in assessment order passed by A.O. The A.O. accepted the application u/s 154 filed by assessee and vide rectification order 08-03-2019 determined total income

ACIT, CENTRAL CIRCLE-3, JAIPUR vs. SHRI NAVAL KISHORE SONI, JAIPUR

In the result, all the appeals of the revenue are dismissed whereas all the appeals of the assessee are allowed

214/- as unexplained investment as per discussion in para – 5 of assessment order and The assessee, thereafter moved an application u/s 154 to A.O. for rectification of apparent mistake(s) in assessment order passed by A.O. The A.O. accepted the application u/s 154 filed by assessee and vide rectification order 08-03-2019 determined total income

SHRI NAWAL KISHORE SONI,JAIPUR vs. ACIT, CENTRAL CIRCLE-3, JAIPUR

In the result, all the appeals of the revenue are dismissed whereas all the appeals of the assessee are allowed

214/- as unexplained investment as per discussion in para – 5 of assessment order and The assessee, thereafter moved an application u/s 154 to A.O. for rectification of apparent mistake(s) in assessment order passed by A.O. The A.O. accepted the application u/s 154 filed by assessee and vide rectification order 08-03-2019 determined total income

ACIT, CENTRAL CIRCLE-3, JAIPUR vs. SHRI NAVAL KISHORE SONI, JAIPUR

In the result, all the appeals of the revenue are dismissed whereas all the appeals of the assessee are allowed

214/- as unexplained investment as per discussion in para – 5 of assessment order and The assessee, thereafter moved an application u/s 154 to A.O. for rectification of apparent mistake(s) in assessment order passed by A.O. The A.O. accepted the application u/s 154 filed by assessee and vide rectification order 08-03-2019 determined total income

SHRI NAWAL KISHORE SONI,JAIPUR vs. ACIT, CENTRAL CIRCLE-3, JAIPUR

In the result, all the appeals of the revenue are dismissed whereas all the appeals of the assessee are allowed

214/- as unexplained investment as per discussion in para – 5 of assessment order and The assessee, thereafter moved an application u/s 154 to A.O. for rectification of apparent mistake(s) in assessment order passed by A.O. The A.O. accepted the application u/s 154 filed by assessee and vide rectification order 08-03-2019 determined total income

SHRI NAWAL KISHORE SONI,JAIPUR vs. ACIT, CENTRAL CIRCLE-3, JAIPUR

In the result, all the appeals of the revenue are dismissed whereas all the appeals of the assessee are allowed

214/- as unexplained investment as per discussion in para – 5 of assessment order and The assessee, thereafter moved an application u/s 154 to A.O. for rectification of apparent mistake(s) in assessment order passed by A.O. The A.O. accepted the application u/s 154 filed by assessee and vide rectification order 08-03-2019 determined total income

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)

214 ITR 801 (SC) and CIT VSDurga Prasad More (1971) 82 ITR 540 (SC)" 3. On the facts and circumstances of the case and in law, the Ld. CIT(A) has erred in deleting the addition of Rs. 1,56,63,325/-in spite of the fact that the cash sales pattern of the preceding 2 year with current year

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)

214 ITR 801 (SC) and CIT VSDurga Prasad More (1971) 82 ITR 540 (SC)" 3. On the facts and circumstances of the case and in law, the Ld. CIT(A) has erred in deleting the addition of Rs. 1,56,63,325/-in spite of the fact that the cash sales pattern of the preceding 2 year with current year

M/S RAJENDRA AND URSULA HOLDINGS PVT. LTD., JAIPUR,JAIPUR vs. PCIT-1, JAIPUR

In the result ITA NO. ITA 57/JPR/2021 is also stands dismissed

68 being establishing the identity and creditworthiness of the creditor, could not have been presumed by the Ld. Pr. CIT and consequently, he could not have expected the AO to get the same proved by the assesse to the hilt. However, no permission was sought to expend the scope of the scrutiny. The fact that the subjected amount received towards