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)

depreciation claimed. 2.2 Despite the fact that the income offered by the assessee was accepted and assessments were completed without significant variation, the AO proceeded to initiate and levy penalty under 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

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)

depreciation claimed. 2.2 Despite the fact that the income offered by the assessee was accepted and assessments were completed without significant variation, the AO proceeded to initiate and levy penalty under 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

SUBHASH CHAND JAIN ,JODHPUR vs. ACIT, CIRCLE-1, JODHPUR

In the result the appeal of the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Manoj Kumar Aggarwal

section 145 (3) of the Act. Now we turn to the application of the profit rate. There is no dispute about the fact that the profit rate declared by the assessee in the instant year has shown a declining trend from 14.49% to 13.06%. The Jodhpur bench of the tribunal has held in several cases that in the absence

SUBHASH CHAND JAIN ,JODHPUR vs. ACIT, CIRCLE-1, JODHPUR

In the result the appeal of the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Manoj Kumar Aggarwal

section 145 (3) of the Act. Now we turn to the application of the profit rate. There is no dispute about the fact that the profit rate declared by the assessee in the instant year has shown a declining trend from 14.49% to 13.06%. The Jodhpur bench of the tribunal has held in several cases that in the absence

SECURE METERS LIMITED,UDAIPUR vs. PR. CIT, UDAIPUR

Bench: Shri Sandeep Gosain & Shri Vikram Singh Yadavassessment Year:2016-17 Secure Meters Limited, Vs. Pr.Cit, E-Class, Pratap Nagar Udaipur. Industrial Area, Udaipur-313001. Pan No. Aaccs 8785 M

264,524,412 are reported in form 3CEB. The assessee further submitted that all other queries are replied during the assessment and are on records, which have also been agreed by the PCIT in his order. 18. The assessee further submitted that the AO had considered all the submissions, examined the books of accounts and after proper application of mind