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 249 of the Act. 6. Since the appellant has not filed return in response of notice u/s 148of income as well as not paid an amount equal to the amount of advance tax which was payable by it, present appeal 13 SDC Construction, Jaipur. is not liable to be admitted. The appeal is infructuous and is therefore, dismissed

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, JAIPUR vs. M/S GANPATI EXCLUSIVE DESIGNER SAREES PVT. LTD., JAIPUR

In the result, appeal of the assessee is allowed

68,940.00 the G.P. rate of 8.60% as against the declared G.P rate of 8.52% declared by assessee 2. On account of late deposit of employee 33,914.00 contribution of Provident Fund and ESI under sec. 36(1)(va) Total Additions 8,02,854.00 12. By the impugned order, the ld. CIT(A) estimated the G.P. @ 8.56% as against

M/S GANPATI EXCLUSIVE DESIGNER SAREES PVT. LTD.,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, JAIPUR

In the result, appeal of the assessee is allowed

68,940.00 the G.P. rate of 8.60% as against the declared G.P rate of 8.52% declared by assessee 2. On account of late deposit of employee 33,914.00 contribution of Provident Fund and ESI under sec. 36(1)(va) Total Additions 8,02,854.00 12. By the impugned order, the ld. CIT(A) estimated the G.P. @ 8.56% as against

VIDYA SAMITI ARYA SAMAJ,JAIPUR vs. ITO, EXEMPTION - 1, JAIPUR, JAIPUR

In the result, both the appeals of the assessee are allowed for statistical purposes

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

section 249(4). In fact, as per the return of income no tax was payable and even other wise as per CBDT’s guideline assessee has paid the 20 % of the demand. Based on that set of facts, assessee was advised to present these set of facts before the ld. CIT(A) and they were given to understand that

VIDYA SAMITI ARYA SAMAJ,JAIPUR vs. ITO, EXEMPTION - 1, JAIPUR, JAIPUR

In the result, both the appeals of the assessee are allowed for statistical purposes

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

section 249(4). In fact, as per the return of income no tax was payable and even other wise as per CBDT’s guideline assessee has paid the 20 % of the demand. Based on that set of facts, assessee was advised to present these set of facts before the ld. CIT(A) and they were given to understand that

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. 5.13 SCN Query no. 13 of ld. AO The ld. AO also found from that excel sheet-9 Name A/c of Vinayak Sonkhiya was recorded. On this sheet the cash loan was recorded for an amount of Rs. 4,34,88,700/- plus interest of Rs. 23,04,066/- and the same was added

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. 5.13 SCN Query no. 13 of ld. AO The ld. AO also found from that excel sheet-9 Name A/c of Vinayak Sonkhiya was recorded. On this sheet the cash loan was recorded for an amount of Rs. 4,34,88,700/- plus interest of Rs. 23,04,066/- and the same was added

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. 5.13 SCN Query no. 13 of ld. AO The ld. AO also found from that excel sheet-9 Name A/c of Vinayak Sonkhiya was recorded. On this sheet the cash loan was recorded for an amount of Rs. 4,34,88,700/- plus interest of Rs. 23,04,066/- and the same was added

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. 5.13 SCN Query no. 13 of ld. AO The ld. AO also found from that excel sheet-9 Name A/c of Vinayak Sonkhiya was recorded. On this sheet the cash loan was recorded for an amount of Rs. 4,34,88,700/- plus interest of Rs. 23,04,066/- and the same was added

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. 5.13 SCN Query no. 13 of ld. AO The ld. AO also found from that excel sheet-9 Name A/c of Vinayak Sonkhiya was recorded. On this sheet the cash loan was recorded for an amount of Rs. 4,34,88,700/- plus interest of Rs. 23,04,066/- and the same was added

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

68 or section 69 or section 69A or section 69B or section 69C or section 69D. 24. We observe that this amendment takes effect from 1st of April, 2017 and will, accordingly, apply from assessment year 2017-18 and subsequent assessment years. Accordingly, we hold that the assessee current loss is allowable

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

68 or section 69 or section 69A or section 69B or section 69C or section 69D. 24. We observe that this amendment takes effect from 1st of April, 2017 and will, accordingly, apply from assessment year 2017-18 and subsequent assessment years. Accordingly, we hold that the assessee current loss is allowable

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

68 or section 69 or section 69A or section 69B or section 69C or section 69D. 24. We observe that this amendment takes effect from 1st of April, 2017 and will, accordingly, apply from assessment year 2017-18 and subsequent assessment years. Accordingly, we hold that the assessee current loss is allowable

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

68 or section 69 or section 69A or section 69B or section 69C or section 69D. 24. We observe that this amendment takes effect from 1st of April, 2017 and will, accordingly, apply from assessment year 2017-18 and subsequent assessment years. Accordingly, we hold that the assessee current loss is allowable

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

68 or section 69 or section 69A or section 69B or section 69C or section 69D. 24. We observe that this amendment takes effect from 1st of April, 2017 and will, accordingly, apply from assessment year 2017-18 and subsequent assessment years. Accordingly, we hold that the assessee current loss is allowable

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

68 or section 69 or section 69A or section 69B or section 69C or section 69D. 24. We observe that this amendment takes effect from 1st of April, 2017 and will, accordingly, apply from assessment year 2017-18 and subsequent assessment years. Accordingly, we hold that the assessee current loss is allowable

VENKATESHWARA WIRES PVT. LTD.,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, JAIPUR

In the result, the appeal of the assessee is allowed

Bench: The Ld. Ao As Well As Before The Ld. Cit(A) As The Documents Submitted Was Only In Support Of Confirmations & Other Documents Already Submitted & No New Documents Were Submitted. 2. The Assessee Craves Your Indulgence To Add Amend Or Alter All Or Any Grounds Of Appeal Before Or At The Time Of Hearing.”

section 68 treating the 14 squared up loans as unexplained. It is submitted that the Learned Assessing Officer conducted inquiries at his own level by issuing notices u/s 133(6) to the all the 24 creditors. The Learned Assessing Officer got complete information in respect of ten creditors and in the remaining 14 cases, the information furnished was allegedly

RAJESH AGARWAL,VIDHYADHARA NAGAR JAIPUR vs. INCOME TAX OFFICER WD 4(1), ITO JAIPUR

68", "Section 69C", "Section 249(2)", "Section 271(1)(c)", "Section 260A", "Section 30(1)", "Section

KAILASH CHAND MAHESHWARI,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX , JAIPUR

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

section 57 (iii) of the Act. We thus decline to interfere with the action of the Assessing Officer and the First Appellate Authority." The onus is on the appellant to show one-to-one matching and prove that the interest expenditure for the borrowed funds have been used wholly and exclusively only for the purpose of making investments which