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)

section 271(1)(c) of the Act on the ground of furnishing inaccurate particulars of income. 3. The Ld. AR for the assessee submitted that the penalty so levied is unjustified both in law and on facts. It was submitted that the assessee voluntarily disclosed additional income during the course of the assessment proceedings and before completion of assessment, merely

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)

section 271(1)(c) of the Act on the ground of furnishing inaccurate particulars of income. 3. The Ld. AR for the assessee submitted that the penalty so levied is unjustified both in law and on facts. It was submitted that the assessee voluntarily disclosed additional income during the course of the assessment proceedings and before completion of assessment, merely

RACHNA GOYAL,JODHPUR vs. ITO, WARD-1(2), JODHPUR

In the result, the appeal is dismissed

bogus LTCG against cash and the buyers are ensured delivery of cash against such pre-determined purchase of shares. The buyer and seller parties are well planned in the transaction as only in such scenario, the case is assured to the buyer and sale proceeds of shares are assured in the bank account linked with the demat account of seller

ACIT, PAOTA C ROAD vs. VARAHA INFRA LIMITED, PAOTA B ROAD

In the result, the appeal of the revenue is dismissed

Bench: Dr. S. Seethalakshmi & Shri Rathod Kamlesh Jayantbhaithe Acit Vs M/S. Vardha Infra Ltd. Room No. 215, Aayakar Bhawan 6 Jalam Vilas Scheme Paota C Road, Jodhpur Paota B Road, Jodhpur (Appellant) (Respondent) Pan No. Aaccv 7972 K

271(1)(C) 9.1 The initiation of penalty is not appealable. The ground of appeal is therefore dismissed as not maintainable. In the result appeal is partly allowed. (Vandana Verma) Commissioner of Income Tax (Appeals-2) Udaipur ITA No. 10181/2018-19 Α.Υ. 2016-17 Date:22:07:2019 Copy to the 1. The Director General of Income Tax (Inv.), Rajasthan

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

1,30,00,000/- as explained. Copies of relevant documents, such as IT return, copy of bank account, copy of ledger account , cash flow statement etc. were furnished before the Learned CIT(A) as per paper book. These are available on fresh paper book being submitted before the Hon'ble ITAT on page No.86-143. 5. Piyush Kumar Biyani AMJPB1202G