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Documents citing Ganeshi Lal & Sons And Anr. vs Income-Tax, Officer, A Ward And Ors. on 30 June, 1980

Ganesh Lal Kumawat, Jaipur vs Ito, Jaipur on 25 January, 2017

In view of the above facts and circumstances of the case, it is noted that these three ingredients like identity, creditworthiness and genuineness of the transactions are fulfilled in the case of the assessee as 6 ITA No. 1025/JP/2016 Shri Ganesh Lal Kumawat vs. ITO, Ward- 2(2), Jaipur . Shri Gajendra Prasad had confirmed the payment of Rs. 8.50 lacs to the assessee vide cheque no.726704 on 18-09-2007 against completion of construction work of his house. Hence in such a situation, addition of Rs. 8.50 lacs confirmed by the ld. CIT(A) in the hands of the assessee u/s 69A of the Act is directed to be deleted. Thus the solitary ground of the assessee is allowed.
Income Tax Appellate Tribunal - Jaipur Cites 7 - Cited by 1 - Full Document

Smt. Manorma Devi vs Assistant Commissioner Of Wealth-Tax. on 11 January, 1990

The WTO issued notices u/s 17 of the Act. According to him, the assessee had failed to disclose fully and truly all material facts relating to the assessments. The assessees representatives were asked to explain the differences of value declared in the return and the value determined by the Govt. valuer. They advocated that proceedings u/s 17 of the Act was on account of mere change of opinion. They relied several decisions before the WTO (decisions cited by them, however, not recorded in the order). The WTO did not accept the plea of the representatives. He relied on two decisions in support of his section. The first decision in Ganeshi Lal & Sons v. ITO [1980] 4 Taxman 400 (All.) in which the Court has held that (WTO wrote) any document seized during the search operations showing under valuation of asset can form a good information for taking action u/s 17. Since, the valuation was done in the presence of the assessee and the witnesses by a registered valuer in the course of search operation, the information regarding under valuation of jewellery can be considered as document found in the course of search and seizure operation.
Patna High Court Cites 11 - Cited by 0 - Full Document
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