ACIT, CENTRAL CIRCLE, BIKANER vs. M/S. MANOJ KUMAR VIPIN KUMAR , BIKANER

In the result, this appeal of the Revenue is dismissed

Bench: Shri Sandeep Gosain & Shri Manoj Kumar Aggarwala.C.I.T. Vs. M/S Manoj Kumar Vipin Kumar, Central Circle, 118, New Dhan Mandi, Bikaner. Bikaner. Pan No. Aarfm 0027 E

158 and the decision of Hon’ble Delhi / P&H High Court in case of CIT vs. Nova Promoters 18 Taxmann.com 217, CIT vs. Youth Construction Pvt. Ltd. 357 ITR 97 and Somnath Mani vs. CIT 306 ITR 414 to conclude that transaction with M/s Swift Tie Up Pvt. Ltd. is bogus and thus, made addition

SMT. JAYA MOGRA,UDAIPUR vs. DCIT, CENTRAL CIRCLE-2, UDAIPUR

In the result, appeal of the assessee in ITA No

price of land and date of purchase. These are facts in the knowledge of the assessee and refusal to furnish the same leads to an adverse inference against her. When the estimation of income was necessitated because of the actions of the assessee, the defence that no penalty could be levied on estimated income cannot come to the rescue

INDU BALA PORWAL,UDAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRE CIRCLE-1, UDAIPUR, UDAIPUR

In the result, ground no 5, 9 and 11 appeal is also allowed in favor as indicated above

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

section 153A of the Act and also contended that the additions were wrongly made in hands of the Assessee merely on the basis of bank accounts or information in 10 Indu Bal Porwal vs. DCIT Central Circle-1, Udaipur relating to accounts, wherein she is just authorized signatory and entire asset/income belong to BWR Trust, which is family trust formed