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

In the result, both appeals of the assessee are allowed

deposited the cash out of his sale of capital asset, sale of property and sale of investment etc. Therefore, reasons recorded by the Assessing Officer are not valid and hence the reassessment proceedings initiated based on the reasons recorded is bad in law. We note that on the similar facts the Co-ordinate Bench of Surat in the case

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

In the result, both appeals of the assessee are allowed

deposited the cash out of his sale of capital asset, sale of property and sale of investment etc. Therefore, reasons recorded by the Assessing Officer are not valid and hence the reassessment proceedings initiated based on the reasons recorded is bad in law. We note that on the similar facts the Co-ordinate Bench of Surat in the case

KANAK KUMAR JAIN L/H OF PARTNER OF M/S. KESARIYAJI FILLING STATION,UDAIPUR vs. DCIT, CIRCLE-1, UDAIPUR

In the result, appeals of the assessee are allowed

Cash deposit of Rs. 19,77,80,000 + Business income of Rs. 16,77,283 + Receipt of Rs. 23,401\nu/s 194C). Accordingly, a notice under section 148 dated 08.03.2018 was issued in the name of\nnon-existent firm and not properly served thereon. The said reassessment proceeding was based\non ADIT (Inv.)-II, Udaipur report issued after survey u/s

KANAK KUMAR JAIN L/H OF PARTNER OF M/S. KESARIYAJI FILLING STATION,UDAIPUR vs. DCIT, CIRCLE-1, UDAIPUR

In the result, appeals of the assessee are allowed

Cash deposit of Rs. 19,77,80,000 + Business income of Rs. 16,77,283 + Receipt of Rs. 23,401\nu/s 194C). Accordingly, a notice under section 148 dated 08.03.2018 was issued in the name of\nnon-existent firm and not properly served thereon. The said reassessment proceeding was based\non ADIT (Inv.)-II, Udaipur report issued after survey u/s

KANAK KUMAR JAIN L/H OF PARTNER OF M/S. KESARIYAJI FILLING STATION,UDAIPUR vs. DCIT, CIRCLE-1, UDAIPUR

In the result, appeals of the assessee are allowed

Cash deposit of Rs. 19,77,80,000 + Business income of Rs. 16,77,283 + Receipt of Rs. 23,401\nu/s 194C). Accordingly, a notice under section 148 dated 08.03.2018 was issued in the name of\nnon-existent firm and not properly served thereon. The said reassessment proceeding was based\non ADIT (Inv.)-II, Udaipur report issued after survey u/s

PRAKASH CHANDRA JAIN,UDAIPUR vs. ITO, WARD-1(1), UDAIPUR

In the result, the appeal filed by the revenue is dismissed

Bench: Shri B. R. Baskaran & Shri Sandeep Gosainsh. Prakash Chandra Jain, Vs Income Tax Officer 67-68, Hiran Magri, Sector Ward 1(1), Udaipur No. 08, Udaipur (Appellant) (Respondent) Pan No. Aavpj 3696 E

cash of Sh. Prakash ji, Smt Bimla Devi, Kumari Pranita and Sh. Nikhil are proposed to be assessed u/s 147 of the I.T. Act. As discussed above, in my opinion, source of amount deposited in the saving bank account at Rs. 16,00,000/- may be verified and same has escaped assessment within the meaning of Sec 147

KANAK KUMAR JAIN L/H OF PARTNER OF M/S. KESARIYAJI FILLING STATION,UDAIPUR vs. DCIT, CIRCLE-1, UDAIPUR

In the result, appeals of the assessee are allowed

Cash deposit of Rs. 19,77,80,000 + Business income of Rs. 16,77,283 + Receipt of Rs. 23,401\nu/s 194C). Accordingly, a notice under section 148 dated 08.03.2018 was issued in the name of\nnon-existent firm and not properly served thereon. The said reassessment proceeding was based\non ADIT (Inv.)-II, Udaipur report issued after survey u/s

KANAK KUMAR JAIN L/H OF PARTNER OF M/S. KESARIYAJI FILLING STATION,UDAIPUR vs. DCIT, CIRCLE-1, UDAIPUR

In the result, appeals of the assessee are allowed

Cash deposit of Rs. 19,77,80,000 + Business income of Rs. 16,77,283 + Receipt of Rs. 23,401\nu/s 194C). Accordingly, a notice under section 148 dated 08.03.2018 was issued in the name of\nnon-existent firm and not properly served thereon. The said reassessment proceeding was based\non ADIT (Inv.)-II, Udaipur report issued after survey u/s

OCHHAB LAL JAIN,UDAIPUR vs. DCIT, CENTRAL CIRCLE-1, UDIAPUR, UDAIPUR

In the result, both the appeals of the assessee are allowed

deposited the cash of\nRs.15,59,000/- in these bank accounts, this affidavit has also been remained uncontroverted. It is\nsettled law that the contents of an affidavit should be read correct and full unless not\ncontroverted.\n8.1 To support his arguments the Ld. AR for the assessee has also drawn our attention to the\njudgments of Hon'ble Supreme

OCHHAB LAL JAIN,UDAIPUR vs. DCIT CENTRAL CIRCLE-1, UDAIPUR, UDAIPUR

In the result, both the appeals of the assessee are allowed

deposited the cash of\nRs.15,59,000/- in these bank accounts, this affidavit has also been remained uncontroverted. It is\nsettled law that the contents of an affidavit should be read correct and full unless not\ncontroverted.\n8.1 To support his arguments the Ld. AR for the assessee has also drawn our attention to the\njudgments of Hon'ble Supreme

MEWAR HOSPITAL PVT. LTD. ,UDAIPUR vs. ACIT, CENTRAL CIRCLE-2, UDAIPUR

In the result the appeal of the assessee in ITA No

cash deposit during demonetization period." 5. The appellant craves leave or reserves right to amend, modify, alter, add or forego any ground(s) of appeal at any time before or during the hearing of this appeal." Mewar Hospital Pvt. Ltd. vs. ACIT 3.2 The grounds of the appeal taken by the revenue in appeal No. 169/Jodh/2022 reads as follows

ACIT, CENTRAL CIRCLE-2, UDAIPUR, UDAIPUR vs. M/S MEWAR HOSPITAL PVT. LTD., UDAIPUR

In the result the appeal of the assessee in ITA No

cash deposit during demonetization period." 5. The appellant craves leave or reserves right to amend, modify, alter, add or forego any ground(s) of appeal at any time before or during the hearing of this appeal." Mewar Hospital Pvt. Ltd. vs. ACIT 3.2 The grounds of the appeal taken by the revenue in appeal No. 169/Jodh/2022 reads as follows

MEWAR HOSPITAL PVT. LTD. ,UDAIPUR vs. ACIT, CENTRAL CIRCLE-2, UDAIPUR

In the result the appeal of the assessee in ITA No

cash deposit during demonetization period." 5. The appellant craves leave or reserves right to amend, modify, alter, add or forego any ground(s) of appeal at any time before or during the hearing of this appeal." Mewar Hospital Pvt. Ltd. vs. ACIT 3.2 The grounds of the appeal taken by the revenue in appeal No. 169/Jodh/2022 reads as follows

ACIT, CENTRAL CIRCLE-2, UDAIPUR, UDAIPUR vs. M/S MEWAR HOSPITAL PVT. LTD., UDAIPUR

In the result the appeal of the assessee in ITA No

cash deposit during demonetization period." 5. The appellant craves leave or reserves right to amend, modify, alter, add or forego any ground(s) of appeal at any time before or during the hearing of this appeal." Mewar Hospital Pvt. Ltd. vs. ACIT 3.2 The grounds of the appeal taken by the revenue in appeal No. 169/Jodh/2022 reads as follows

MEWAR HOSPITAL PVT. LTD. ,UDAIPUR vs. ACIT, CENTRAL CIRCLE-2, UDAIPUR

In the result the appeal of the assessee in ITA No

cash deposit during demonetization period." 5. The appellant craves leave or reserves right to amend, modify, alter, add or forego any ground(s) of appeal at any time before or during the hearing of this appeal." Mewar Hospital Pvt. Ltd. vs. ACIT 3.2 The grounds of the appeal taken by the revenue in appeal No. 169/Jodh/2022 reads as follows

MEWAR HOSPITAL PVT. LTD. ,UDAIPUR vs. ACIT, CENTRAL CIRCLE-2, UDAIPUR

In the result the appeal of the assessee in ITA No

cash deposit during demonetization period." 5. The appellant craves leave or reserves right to amend, modify, alter, add or forego any ground(s) of appeal at any time before or during the hearing of this appeal." Mewar Hospital Pvt. Ltd. vs. ACIT 3.2 The grounds of the appeal taken by the revenue in appeal No. 169/Jodh/2022 reads as follows

MEWAR HOSPITAL PVT. LTD. ,UDAIPUR vs. ACIT, CENTRAL CIRCLE-2, UDAIPUR

In the result the appeal of the assessee in ITA No

cash deposit during demonetization period." 5. The appellant craves leave or reserves right to amend, modify, alter, add or forego any ground(s) of appeal at any time before or during the hearing of this appeal." Mewar Hospital Pvt. Ltd. vs. ACIT 3.2 The grounds of the appeal taken by the revenue in appeal No. 169/Jodh/2022 reads as follows

ACIT, CENTRAL CIRCLE-2, UDAIPUR, UDAIPUR vs. M/S MEWAR HOSPITAL PVT. LTD., UDAIPUR

In the result the appeal of the assessee in ITA No

cash deposit during demonetization period." 5. The appellant craves leave or reserves right to amend, modify, alter, add or forego any ground(s) of appeal at any time before or during the hearing of this appeal." Mewar Hospital Pvt. Ltd. vs. ACIT 3.2 The grounds of the appeal taken by the revenue in appeal No. 169/Jodh/2022 reads as follows