MAHESH KUMAR GUPTA,JAIPUR vs. ACIT ,CIRCLE-4, JAIPUR

In the result, appeal of the assessee is allowed

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

92 under consideration. 8 Copy of purchase register of the assessee for the 93 year under consideration. 9 Copy of stock summary of the assessee for the year 94 under consideration. 7. Thus, the provision of section 68 cannot be applied to the income which is already recorded in the books of account and the source of receipt

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

RAJENDRA KUMAR AGRAWAL,JAIPUR vs. ACIT CEN CIR 1 , C-SCHEME, JAIPUR

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

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

3) on 13.12.2019 and without considering the submissions of the Appellant had made an addition of Rs. 2,01,92,401/- under section 68

ACIT(EXEMPTION), JAIPUR vs. MAHIMA SHIKSHA SAMITI, JAIPUR

In the result, all the grounds taken by the Revenue are dismissed and ground taken by the assessee society is allowed

section 12AA as a charitable entity undertaking educational activity and thus qualify as an eligible entity for receiving contributions from the assessee society. The contribution of Rs 3,86,84,912 is made by the assessee society out of income generated during the year under consideration as apparent from the return of income and computation of income available

ACIT, CENTRAL CIRCLE, ALWAR vs. SHRI BABU LAL DATA, 2015-16

In the result, appeal of the revenue is dismissed

3,41,513 8 Income recorded in the material seized 31,66,065 from A-115, Bank Colony, Alwar during the course of search Total Additional Income 1,12,92,817 Thus, a sum of Rupees 1,12,92,817/- may kindly be considered as income surrendered w/s. 132(4) of the Income Tax Act, 1961 in place

ACIT, CENTRAL CIRCLE, ALWAR vs. SHRI BABU LAL DATA, 2015-16

In the result, appeal of the revenue is dismissed

3,41,513 8 Income recorded in the material seized 31,66,065 from A-115, Bank Colony, Alwar during the course of search Total Additional Income 1,12,92,817 Thus, a sum of Rupees 1,12,92,817/- may kindly be considered as income surrendered w/s. 132(4) of the Income Tax Act, 1961 in place

SHRI BABU LAL DATA,ALWAR vs. DCIT, CENTRAL CIRCLE, ALWAR

In the result, appeal of the revenue is dismissed

3,41,513 8 Income recorded in the material seized 31,66,065 from A-115, Bank Colony, Alwar during the course of search Total Additional Income 1,12,92,817 Thus, a sum of Rupees 1,12,92,817/- may kindly be considered as income surrendered w/s. 132(4) of the Income Tax Act, 1961 in place

SHRI BABU LAL DATA,ALWAR vs. DCIT, CENTRAL CIRCLE, ALWAR

In the result, appeal of the revenue is dismissed

3,41,513 8 Income recorded in the material seized 31,66,065 from A-115, Bank Colony, Alwar during the course of search Total Additional Income 1,12,92,817 Thus, a sum of Rupees 1,12,92,817/- may kindly be considered as income surrendered w/s. 132(4) of the Income Tax Act, 1961 in place

RADHAKISHNA BENIWAL,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 1, JAIPUR, JAIPUR

In the result, the appeal filed by the assessee in ITA no

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

68 of the Act. 5. Aggrieved from the order of Assessing Officer, assessee preferred an appeal before the ld. CIT(A). Apropos to the grounds raised by the assessee the relevant finding of the ld. CIT(A)/NFAC is reiterated here in below: “6. Decision: 6.1 I have gone through the order passed by the AO, submissions of the appellant

RADHAKISHAN BENIWAL,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 1, JAIPUR, JAIPUR

In the result, the appeal filed by the assessee in ITA no

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

68 of the Act. 5. Aggrieved from the order of Assessing Officer, assessee preferred an appeal before the ld. CIT(A). Apropos to the grounds raised by the assessee the relevant finding of the ld. CIT(A)/NFAC is reiterated here in below: “6. Decision: 6.1 I have gone through the order passed by the AO, submissions of the appellant

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

3,15,92,000 was added to the total income of the assessee under section 68 r.w.s. 115BBE of the Act. The appellant

DCIT, JAIPUR vs. JADAU JEWELLERS & MFG (P) LTD., JAIPUR

In the result, the appeals filed by the assessee are partly allowed and that of the Revenue are dismissed

Section 40(a)(ia) provides for certain disallowances in certain cases notwithstanding that those amounts are generally allowed under the general section. The computation u/s.29 has to be made u/s.145 on the basis of books of account regularly maintained by the assessee which the Assessing Officer did by estimating the profit at 5% of the sales. The learned

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

92,170/- as was declared in original return of income. The A.O. issued notice u/s 143 (2) and 142 (1) of the Act which assessee also complied. The A.O. completed assessment u/s 153C r.w.s. 143 (3) at an income of Rs. 6,47,89,430/- making: (i) an addition of Rs. 5,69,79,862/- as unexplained investment

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

92,170/- as was declared in original return of income. The A.O. issued notice u/s 143 (2) and 142 (1) of the Act which assessee also complied. The A.O. completed assessment u/s 153C r.w.s. 143 (3) at an income of Rs. 6,47,89,430/- making: (i) an addition of Rs. 5,69,79,862/- as unexplained investment

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

92,170/- as was declared in original return of income. The A.O. issued notice u/s 143 (2) and 142 (1) of the Act which assessee also complied. The A.O. completed assessment u/s 153C r.w.s. 143 (3) at an income of Rs. 6,47,89,430/- making: (i) an addition of Rs. 5,69,79,862/- as unexplained investment

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

92,170/- as was declared in original return of income. The A.O. issued notice u/s 143 (2) and 142 (1) of the Act which assessee also complied. The A.O. completed assessment u/s 153C r.w.s. 143 (3) at an income of Rs. 6,47,89,430/- making: (i) an addition of Rs. 5,69,79,862/- as unexplained investment

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

92,170/- as was declared in original return of income. The A.O. issued notice u/s 143 (2) and 142 (1) of the Act which assessee also complied. The A.O. completed assessment u/s 153C r.w.s. 143 (3) at an income of Rs. 6,47,89,430/- making: (i) an addition of Rs. 5,69,79,862/- as unexplained investment

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

92,170/- as was declared in original return of income. The A.O. issued notice u/s 143 (2) and 142 (1) of the Act which assessee also complied. The A.O. completed assessment u/s 153C r.w.s. 143 (3) at an income of Rs. 6,47,89,430/- making: (i) an addition of Rs. 5,69,79,862/- as unexplained investment

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