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)

264 CTR (Raj) 204] o CIT v. Reliance Petroproducts (P) Ltd. [(2010) 322 ITR 158 (SC)] o PricewaterhouseCoopers (P) Ltd. v. CIT [(2012) 253 CTR (SC) 1] o Narangi Land Development Corp. v. ITO [(2024) 38 NYPTTJ 1256 (Mum)] o Ajoy Sharma v. DCIT [(2024) 114 ITR (Trib) 702 (JP)] o Bhaktvatsal Sadguru Trust v. ACIT [(2025) 39 NYPTTJ

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)

264 CTR (Raj) 204] o CIT v. Reliance Petroproducts (P) Ltd. [(2010) 322 ITR 158 (SC)] o PricewaterhouseCoopers (P) Ltd. v. CIT [(2012) 253 CTR (SC) 1] o Narangi Land Development Corp. v. ITO [(2024) 38 NYPTTJ 1256 (Mum)] o Ajoy Sharma v. DCIT [(2024) 114 ITR (Trib) 702 (JP)] o Bhaktvatsal Sadguru Trust v. ACIT [(2025) 39 NYPTTJ

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)

264 CTR (Raj) 204] o CIT v. Reliance Petroproducts (P) Ltd. [(2010) 322 ITR 158 (SC)] o PricewaterhouseCoopers (P) Ltd. v. CIT [(2012) 253 CTR (SC) 1] o Narangi Land Development Corp. v. ITO [(2024) 38 NYPTTJ 1256 (Mum)] o Ajoy Sharma v. DCIT [(2024) 114 ITR (Trib) 702 (JP)] o Bhaktvatsal Sadguru Trust v. ACIT [(2025) 39 NYPTTJ

SAMPAT LAL LODHA ,NATHDWARA vs. ITO, WARD-2, RAJSAMAND

In the result, both appeals of the assessee are allowed

264 ITR 254/[2004] 136 Taxman 213 held that it is not the business of the assessee to find out the source or sources from where the creditor had accumulated the amount which he had advanced in the form of loan to the assessee and Section 68 cannot be read to show that in the case of failure

SAMPAT LAL LODHA ,NATHDWARA vs. ITO, WARD-2, RAJSAMAND

In the result, both appeals of the assessee are allowed

264 ITR 254/[2004] 136 Taxman 213 held that it is not the business of the assessee to find out the source or sources from where the creditor had accumulated the amount which he had advanced in the form of loan to the assessee and Section 68 cannot be read to show that in the case of failure

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

disallowance is required to be made and sustained u/s 40 (A) (ia) of the Act on account of interest paid. Hence, we direct to delete the same. 19. Now we take ITA No. 112/Jodh/2020 for the A.Y. 2014-15. In this appeal also, there is delay of 487 days in filing the appeal, for which, the assessee has filed

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

disallowance is required to be made and sustained u/s 40 (A) (ia) of the Act on account of interest paid. Hence, we direct to delete the same. 19. Now we take ITA No. 112/Jodh/2020 for the A.Y. 2014-15. In this appeal also, there is delay of 487 days in filing the appeal, for which, the assessee has filed