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transactions were in the mode of cash therefore no set off or telescoping could be allowed /given to the assessee. 2. The Appellant prays

assessee has been granted the benefit of calculation of peak balance and telescoping thereof in the manner discussed above. Keeping the said decision in view ... peak credit of Rs. 1,82,59,348/- as on 10.04.2004 as telescope for the maximum peak balance of earlier years

assessee has been granted the benefit of calculation of peak balance and telescoping thereof in the manner discussed above. Keeping the said decision in view ... peak credit of Rs.1,82,59,348/- as on 10.04.2004 as telescope for the maximum peak balance of earlier years

that the credits in capital account, offered as business income should be telescoped for the purpose of arriving net income and whereby confirmed double addition ... addition under the head business of sale of paddy and rice without telescoping the credits in capital account, offered as business income for the purpose

directed to be assessed by the learned CIT[A] requires to be telescoped with such income similarly directed to be assessed ... learned A.O. and sustained by the learned CIT[A] which were telescoped by him during the previous year relevant to the assessment year under

Nevertheless, ld. Assessing Officer allowed telescoping such peak credits with the suppression in sales worked out by him, for assessment years ... addition made u/s.68 for bullion margin money account, allowed telescoping of such addition with the accounted sales of the assessee, since

Laxmi Narain Agarwal, Jaipur vs Acit, Central Circle-3, Jaipur on 23 March, 2018 vk

incriminating document found (P) Ltd. an seized, to be telescoped with the addition made, if any 2. M/s PAN Realtors ... incriminating document found Ltd. an seized, to be telescoped with the addition made, if any 3. M/s Nirala Infratech 2012-13 7500000 Reduction

tune of Rs.2.44 crores as on 1.1.1998 and on telescoping the same, nothing could be brought to tax over and over ... also refused to accept the alternate plea of the assessee to telescope Rs.2.44 crore out of Rs.2.6 crore attributable

duly accepted the same and has submitted to the Assessing Officer to telescope the same against other incomes disclosed. However, the Assessing Officer has clearly ... finding that the income against which the assessee wants them to be telescoped related to separate piece of loose papers and they have nothing