SONU AGARWAL ,JAIPUR vs. INCOME TAX OFFICER WARD 1(3), JAIPUR

In the result, the appeal of the assessee is allowed

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

disallowed treating the same as assessee’s own unaccounted income in the guise of bogus LTCG. The AO accordingly assessed the total income Sonu Agarwal, Jaipur. of the assessee at Rs. 91,02,068/- under section 147 r.w.s 143(3) r.w.s. 144B of the IT Act, 1961 by making addition of Rs. 81,84,838/- under section 69A read with

SAROJ DEVI HALDIYA,JAIPUR vs. ITO WARD-6(1), JAIPUR, JAIPUR

disallowed The assessee also accepted Rs.\n75,00,000 as an advance in relation of transfer of capital asset. The assessee\nfailed to give a satisfactory reply and provide any required details. Hence, the\nA.O. completed the assessment and passed order u/s 147/1448 of the Income-\ntax Act dated 13.12.2019 Assessing total Income

SH. HARI PRAKASH GUPTA,JAIPUR vs. ITO, WARD-1(2), JAIPUR, JAIPUR

The appeal stands allowed

Bench: SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member), SHRI NARINDER KUMAR (Judicial Member)

disallowed the said amount u/s 37(1) as inadmissible expenditure. The action of the AO to invoke section 69A is not sustainable as the said expenditure has been incurred in the course of the business of the appellant. Accordingly ground no. 04 & 08 raised by the appellant are hereby partly allowed. 9. In the result, the appeal filed

INCOME TAX OFFICER, WARD-1(2), JAIPUR, JAIPUR vs. MUKESH KUMAR SONI, JAIPUR

In the result appeal of the revenue is dismissed and the cross

Bench: Moving Towards The Facts Of The Case We Would Like To Mention

148 on 29.03.2022 by the jurisdictional Assessing Officer is in contravention of provisions of section 144B(5) and section 151A of the Income Tax Act 1961, and also subsequent Notification issued by the Central Board of Direct Taxes No. S.O 1466 (E) dated 29.03.2022. For ready reference provisions of section 144B(5), section 151A and CBDT Notification dated