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

In the result, both appeals of the assessee are allowed

3 to 5 a] The observation made by the ld AO while passing the assessment order reads as under: - (Page 4 & 5 of assessment order) "During the course of statements of the above persons, it was noticed that the bank accounts of the above creditors were credited by way of cash deposits of the same amount of the loan just

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

section 68 of the act and and added to the income of the assessee. In addition to the cash-credits, the AO has further made addition of Rs. 8,56,000/- u/s 69A of the by treating the deposit in the name of Sh. Mohan Ram Choudhary and Smt.Tulchi Devi of Rs. 5,00,000/- and Rs. 3

RANJEET SHARMA,RAWATSAR vs. ITO, WARD NOHAR,, HANUMANGARH

In the result, the appeal of the assessee is allowed

section 68 of Income Tax Act 1961, where any sum is explanation offered by him is not satisfactory in the opinion of A.O., the sum so credited may be charged to income tax as the income of the assessee of that previous year. In the instant case, the AO after appellant's failure in establishing that the bank deposits

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

68, Section 69A, Section 69B, Section 69C or any other provisions of the Act. It is not the case of the Revenue that the Petitioner has paid any cash to the so-called accommodation entry provider to obtain the accommodation entry to plough back own funds, hence, there is no ground/material to form reasonable belief

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

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

68, Section 69A, Section 69B, Section 69C or any other provisions of the Act. It is not the case of the Revenue that the Petitioner has paid any cash to the so-called accommodation entry provider to obtain the accommodation entry to plough back own funds, hence, there is no ground/material to form reasonable belief

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

68, Section\n69A, Section 69B, Section 69C or any other provisions of the Act. It is not the case of the\nRevenue that the Petitioner has paid any cash to the so-called accommodation entry\nprovider to obtain the accommodation entry to plough back own funds, hence, there is\nno ground/material to form reasonable belief

SUKHDEV CHAYAL,BIKANER vs. PCIT-1,, JODHPUR

In the result, this appeal of the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Vikram Singh Yadavassessment Year: 2016-17 Sukhdev Chayal, Vs. Pr.Cit-1, Near Ratan Sagar Well, Jodhpur. Bikaner. Pan No. Afjpc 9250 J

131 or Section 133(6) of the Act. However, in this regard, the ld. AR submitted that during the course of proceedings all the duly signed account statement, bank accounts, ITR and interest account were duly furnished and properly verified by AO. There has not been any single amount of cash being deposited into the accounts of cash creditors

BHOOP SINGH POONIA,NOHAR vs. ITO WARD, NOHAR, NOHAR

3) provides that an income tax authority acting under this section\nshall record the statement of any person which may be useful for, or relevant to\nany proceedings under this Act. Therefore, what explanation has been offered by\nthe Assessee as part of his statement recorded u/s 133A needs to be analyzed and\nexamined before drawing any conclusions

SMT. PUSHPA CHHAJER,JODHPUR vs. ACIT,CIRCLE-1, JODHPUR

In the result, appeal of the assessee is partly allowed

3. The facts as culled out from the record are that the return of income for the A.Y 2014-15 was electronically furnished on 25.11.2014 declaring a total income of Rs. 75,62,630/-. The case was accordingly processed u/s 143(1) accepting the returned income. 4 Smt. Pushpa Chhajer Further the case was reopened

SHRI BHANWAR LAL,JODHPUR vs. DCIT, CENTRAL CIRCLE-1, JODHPUR

In the result the appeals of the assessee ITA Nos

Bench: Shri Mitha Lal Meena & Shri Anikesh Banerjee

68, 69, 69A to 69D of the Act. However, additions cannot be sustained merely on the basis of rough noting made on loose sheets of papers unless some independent and corroborative materials to prove irrefutably that the said noting reveal either unaccounted income or unaccounted investment or unaccounted expenditure of the assessee. Further the seized documents in the case

OM PRAKASH BISHU,KUCHAMAN CITY vs. DCIT, JODHPUR

In the result, appeal of the assessee is allowed

section 115BBE of the Act on the professional income of Rs. 1,00,00,000/- surrendered by the appellant assessee during the course of survey u/s 133A and which was included by him in his return income. The ld. AO has also erred in invoking provisions of sec. 115BBE on addition of Rs.1,00,000/- made

SHRI SHYAMSUNDAR SONI KARTA HUF,BIKANER vs. ACIT, CIRCLE,, BIKANER

In the results the appeal filed by the

Bench: Its Hearing Before Your Honours.”

131 29-32 recorded on 16.10.2018 4 Statements of appellant on 17.09.2018 during survey 33-47 proceedings. 5 Working of peak credit which was surrendered during the 48-49 survey proceedings. 5.1 In addition to the above ld. AR of the assessee submitted that during the course of survey certain documents were impounded which contained certain transactions of taking money

SHRI SHYAMSUNDAR SONI KARTA HUF,BIKANER vs. ACIT, CIRCLE,, BIKANER

In the results the appeal filed by the

Bench: Its Hearing Before Your Honours.”

131 29-32 recorded on 16.10.2018 4 Statements of appellant on 17.09.2018 during survey 33-47 proceedings. 5 Working of peak credit which was surrendered during the 48-49 survey proceedings. 5.1 In addition to the above ld. AR of the assessee submitted that during the course of survey certain documents were impounded which contained certain transactions of taking money

SHRI SHYAMSUNDAR SONI KARTA HUF,BIKANER vs. ACIT, CIRCLE,, BIKANER

In the results the appeal filed by the

Bench: Its Hearing Before Your Honours.”

131 29-32 recorded on 16.10.2018 4 Statements of appellant on 17.09.2018 during survey 33-47 proceedings. 5 Working of peak credit which was surrendered during the 48-49 survey proceedings. 5.1 In addition to the above ld. AR of the assessee submitted that during the course of survey certain documents were impounded which contained certain transactions of taking money

SHRI SHYAMSUNDAR SONI KARTA HUF,BIKANER vs. ACIT, CIRCLE,, BIKANER

In the results the appeal filed by the

Bench: Its Hearing Before Your Honours.”

131 29-32 recorded on 16.10.2018 4 Statements of appellant on 17.09.2018 during survey 33-47 proceedings. 5 Working of peak credit which was surrendered during the 48-49 survey proceedings. 5.1 In addition to the above ld. AR of the assessee submitted that during the course of survey certain documents were impounded which contained certain transactions of taking money

SHRI SHYAMSUNDAR SONI KARTA HUF,BIKANER vs. ACIT, CIRCLE,, BIKANER

In the results the appeal filed by the

Bench: Its Hearing Before Your Honours.”

131 29-32 recorded on 16.10.2018 4 Statements of appellant on 17.09.2018 during survey 33-47 proceedings. 5 Working of peak credit which was surrendered during the 48-49 survey proceedings. 5.1 In addition to the above ld. AR of the assessee submitted that during the course of survey certain documents were impounded which contained certain transactions of taking money

SHRI SHYAMSUNDAR SONI KARTA HUF,BIKANER vs. ACIT, CIRCLE,, BIKANER

In the results the appeal filed by the

Bench: Its Hearing Before Your Honours.”

131 29-32 recorded on 16.10.2018 4 Statements of appellant on 17.09.2018 during survey 33-47 proceedings. 5 Working of peak credit which was surrendered during the 48-49 survey proceedings. 5.1 In addition to the above ld. AR of the assessee submitted that during the course of survey certain documents were impounded which contained certain transactions of taking money

SHRI SHYAMSUNDAR SONI KARTA HUF,BIKANER vs. ACIT, CIRCLE,, BIKANER

In the results the appeal filed by the

Bench: Its Hearing Before Your Honours.”

131 29-32 recorded on 16.10.2018 4 Statements of appellant on 17.09.2018 during survey 33-47 proceedings. 5 Working of peak credit which was surrendered during the 48-49 survey proceedings. 5.1 In addition to the above ld. AR of the assessee submitted that during the course of survey certain documents were impounded which contained certain transactions of taking money