ACIT, CIRCLE, BHILWARA, BHILWARA vs. M/S. SAMARPAN SYNTHETICS PVT. LTD. , BHILWARA

In the result, this appeal of the Revenue is dismissed

Bench: Shri Sandeep Gosain & Shri Manoj Kumar Aggarwala.C.I.T. Vs. M/S Samarpan Synthetics Pvt. Circle, Ltd., Bhilwara 54, Bhilwara Textiles Market, Pur Road, Bhilwara-311001, Rahasthan. Pan No. Aahcs 4365 G

131 of the Income Tax Act, 1961 (in short, the Act) to verify the purchase of finished fabric and called for certain details reproduced at page 4 of the order. The AO observed that assessee produced incomplete books. Further assessee did not produce any other details regarding purchase of finished fabrics such as quantitative details or daily stock register

ASHIANA BUILDPROP PRIVATE LIMITED,UDAIPUR vs. DCIT, CENTRAL CIRCLE-1 UDAIPUR, UDAIPUR

In the result, appeals of the assessee are partly allowed

131 or 133(6), which have not been used by\nthe lower authorities, hence the observations of the ld. CIT(A) is wrong and incorrect\nand liable to be ignored.\n2.3 The ld. CIT(A) stated that the argument of the appellant is that unbilled sale is the\ndifference because of following percentage completion method as per accounting\nstandard

ASHIANA BUILDPROP PRIVATE LIMITED,UDAIPUR vs. DCIT, CENTRAL CIRCLE-1, UDIAPUR, UDAIPUR

Bench: DR. MITHA LAL MEENA (Accountant Member), DR. S. SEETHALAKSHMI (Judicial Member)

131 or 133(6), which have not been used by the lower authorities, hence the observations of the ld. CIT(A) is wrong and incorrect and liable to be ignored. 2.3 The ld. CIT(A) stated that the argument of the appellant is that unbilled sale is the difference because of following percentage completion method as per accounting standard

SHRI JITENDRA OJHA ,SIROHI vs. ITO,, SIROHI

In the result appeal of assessee is allowed in terms indicated hereinabove

Bench: Shri R.C.Sharma, Accountant Mrmber Shri Jiterndra Ojha Vs The Ito, S/O Sh. Mangi Lal Ojha , Sirohi. Chhoti Brahmpuri, Sirohi.

section, where the Assessing Officer is satisfied that " ............... Since the ld. AO had not proceeded as per the mandatory provision of law, hence the ld. CIT(A) erred in maintaining the impugned asst. order. The same may kindly be cancelled and quashed. Such action and decision ought to have been sue-moto taken

RAWAT PRABHU PRAKASH SINGH CHUNDAWAT HUF,UDAIPUR vs. DCIT, CENTRAL CIRCLE-2, UDAIPUR

In the result, all the above appeals of the assessee are allowed

Bench: SHRI. LALIET KUMAR (Judicial Member), DR. MITHA LAL MEENA (Accountant Member)

purchased from local vendors who did not issue formal invoices. These transactions were recorded in the regular books and supported by internal vouchers. Considering the possibility that some expenses may not be fully verifiable, the assessee, on a conservative basis, offered additional income in the returns filed under section 148 of the Act on 27.04.2019 for the relevant years. These

RAWAT PRABHU PRAKASH SINGH CHUNDAWAT HUF,UDAIPUR vs. DCITL CENTRAL CIRCLE-2, UDAIPUR

In the result, all the above appeals of the assessee are allowed

Bench: SHRI. LALIET KUMAR (Judicial Member), DR. MITHA LAL MEENA (Accountant Member)

purchased from local vendors who did not issue formal invoices. These transactions were recorded in the regular books and supported by internal vouchers. Considering the possibility that some expenses may not be fully verifiable, the assessee, on a conservative basis, offered additional income in the returns filed under section 148 of the Act on 27.04.2019 for the relevant years. These

RAWAT PRABHU PRAKASH SINGH CHUNDAWAT HUF,UDAIPUR vs. DCIT,CENTERAL CIRCLE-2, UDAIPUR

In the result, all the above appeals of the assessee are allowed

purchased from local vendors who did not issue formal invoices. These\ntransactions were recorded in the regular books and supported by internal vouchers.\nConsidering the possibility that some expenses may not be fully verifiable, the assessee,\non a conservative basis, offered additional income in the returns filed under section 148\nof the Act on 27.04.2019 for the relevant years. These

RAWAT PRABHU PRAKASH SINGH CHUNDAWAT HUF,UDAIPUR vs. DCIT, CENTRAL CIRCLE-2, UDAIPUR

In the result, all the above appeals of the assessee are allowed

Bench: SHRI. LALIET KUMAR (Judicial Member), DR. MITHA LAL MEENA (Accountant Member)

purchased from local vendors who did not issue formal invoices. These transactions were recorded in the regular books and supported by internal vouchers. Considering the possibility that some expenses may not be fully verifiable, the assessee, on a conservative basis, offered additional income in the returns filed under section 148 of the Act on 27.04.2019 for the relevant years. These

RAWAT PRABHU PRAKASH SINGH CHUNDAWAT HUF,UDAIPUR vs. DCIT, CENTRAL CIRCLE-2, UDAIPUR

In the result, all the above appeals of the assessee are allowed

Bench: SHRI. LALIET KUMAR (Judicial Member), DR. MITHA LAL MEENA (Accountant Member)

purchased from local vendors who did not issue formal invoices. These transactions were recorded in the regular books and supported by internal vouchers. Considering the possibility that some expenses may not be fully verifiable, the assessee, on a conservative basis, offered additional income in the returns filed under section 148 of the Act on 27.04.2019 for the relevant years. These

M/S BHAGIRATH DAIRY PRIVATE LIMITED,NAGAUR vs. ASSISTANT COMMISSIONER OF INCOME TAX,, NAGAUR

The appeal is allowed

Bench: Dr. Mitha Lal Meena, Hon’Ble & Shri Sudhir Pareek, Hon’Ble

purchase deed as well as khasragirdawari is available on paper book page no. 167 to 184. It is further submitted that during the course of assessment proceedings, in response to summon u/s 131, the depositor had furnished a written reply, stating that her capital was of Rs. 2,45,55,802/-, which included bank FDRs, jewellery, land etc. Reply

ACIT, CENTRAL CIRCLE, BIKANER vs. M/S. MANOJ KUMAR VIPIN KUMAR , BIKANER

In the result, this appeal of the Revenue is dismissed

Bench: Shri Sandeep Gosain & Shri Manoj Kumar Aggarwala.C.I.T. Vs. M/S Manoj Kumar Vipin Kumar, Central Circle, 118, New Dhan Mandi, Bikaner. Bikaner. Pan No. Aarfm 0027 E

131 was recorded of Sh. Vipin Kumar, one of the partners of firm in which he was unable to give any satisfactory evidence and mode of transaction being carried out. 7. On the contrary, the ld AR appearing on behalf of the assessee has reiterated the same arguments as were raised before the ld. CIT(A) and has also relied