ACIT, CC-4, JAIPUR vs. SHRI MUKESH JAIN, JAIPUR

In the result appeals of the revenue are dismissed and the cross

TDS being deducted on the payment of interest which is duly recorded in the books of accounts of assesse and not on the excess amount as alleged by Ld.AO and further confirmed by Ld.CIT(A). CO No. 15 & 16/JP2020 & others ACIT vs. Sh. Ramesh Kumar Mantri Appellant prays that such observation being incorrectly made deserves to ignored and excluded

ACIT, CC-4, JAIPUR vs. SMT. SUNITA AGARWAL, JAIPUR

In the result appeals of the revenue are dismissed and the cross

TDS being deducted on the payment of interest which is duly recorded in the books of accounts of assesse and not on the excess amount as alleged by Ld.AO and further confirmed by Ld.CIT(A). CO No. 15 & 16/JP2020 & others ACIT vs. Sh. Ramesh Kumar Mantri Appellant prays that such observation being incorrectly made deserves to ignored and excluded

ACIT,CC-4, JAIPUR vs. SHRI RAMESH KUMAR MANTRI, JAIPUR

In the result appeals of the revenue are dismissed and the cross

TDS being deducted on the payment of interest which is duly recorded in the books of accounts of assesse and not on the excess amount as alleged by Ld.AO and further confirmed by Ld.CIT(A). CO No. 15 & 16/JP2020 & others ACIT vs. Sh. Ramesh Kumar Mantri Appellant prays that such observation being incorrectly made deserves to ignored and excluded

ACIT, CC-4, JAIPUR vs. SMT. ASHA JAIN, JAIPUR

In the result appeals of the revenue are dismissed and the cross

TDS being deducted on the payment of interest which is duly recorded in the books of accounts of assesse and not on the excess amount as alleged by Ld.AO and further confirmed by Ld.CIT(A). CO No. 15 & 16/JP2020 & others ACIT vs. Sh. Ramesh Kumar Mantri Appellant prays that such observation being incorrectly made deserves to ignored and excluded

ACIT,CC-4, JAIPUR vs. SHRI RAMESH KUMAR MANTRI, JAIPUR

In the result appeals of the revenue are dismissed and the cross

TDS being deducted on the payment of interest which is duly recorded in the books of accounts of assesse and not on the excess amount as alleged by Ld.AO and further confirmed by Ld.CIT(A). CO No. 15 & 16/JP2020 & others ACIT vs. Sh. Ramesh Kumar Mantri Appellant prays that such observation being incorrectly made deserves to ignored and excluded

ACIT, CC-4, JAIPUR vs. SHRI MUKUT BEHARI AGARWAL, JAIPUR

In the result appeals of the revenue are dismissed and the cross

TDS being deducted on the payment of interest which is duly recorded in the books of accounts of assesse and not on the excess amount as alleged by Ld.AO and further confirmed by Ld.CIT(A). CO No. 15 & 16/JP2020 & others ACIT vs. Sh. Ramesh Kumar Mantri Appellant prays that such observation being incorrectly made deserves to ignored and excluded

ACIT, CC-4, JAIPUR vs. SMT. SANGEETA MANTRI, JAIPUR

In the result appeals of the revenue are dismissed and the cross

TDS being deducted on the payment of interest which is duly recorded in the books of accounts of assesse and not on the excess amount as alleged by Ld.AO and further confirmed by Ld.CIT(A). CO No. 15 & 16/JP2020 & others ACIT vs. Sh. Ramesh Kumar Mantri Appellant prays that such observation being incorrectly made deserves to ignored and excluded

INDIRA GIRI,JAIPUR vs. ASSESSING OFFICER, INCOME TAX DEPARMENT JAIPUR

The appeal of the assessee is allowed

Bench: The Due Date Of Furnishing Itr, Therefore Deposit In Capital Gain Account For Compliance U/S 54(2) Was Impossible On The Part Of The Assessee.

short 'the Act') dated 22.12.2018. 2. The assessee has marched this appeal on the following 2 Indira Giri vs. ITO grounds:- “1. On the facts and circumstances of the case, the Ld. CIT (A), NFAC has erred in law in upholding the action of Ld. AO in denying relief u/s. 54 F of the Act, on the ground, that

SMT. VANITA TEKRIWAL,FLAT NO.715, SUN N MOON BELVEDERE PARK, SWAGE FARM CIRCLE, NEW SANGANER ROAD, JAIPUR vs. ITO, WARD-2(3), JAIPUR

In the result, the appeal of the assessee is allowed

Short-term capital gain (3c+3d-3e) 3f 12896 However, this figure of Rs.12,896/- is shown in Part B-TI, column 4(a)(iii) (PB 14) and in Schedule CYLA, row no. (iv) (PB 22) which shows that data of Schedule CG of the return was not ported in the department software whereas it was filled

DCIT, CENTRAL CIRCLE-2, JAIPUR, JAIPUR vs. KAMLAPRABHA L/H OF LATE SHRI GOPAL LAL JI GOSWAMI, KOTA

In the result, the appeal of the revenue is dismissed and the Cross objection of the assessee is disposed off in terms of the observation made herein above

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

Term Capital Gain of Rs.3,78,74,469/- (PB5). 2. In the first round, the case was selected for scrutiny supposedly, on the issue of examination of LTCG. Notices u/s 143(2) dt.18.09.2015 and thereafter notice u/s 142(1) were issued time to time which were duly replied and assessment was completed vide order

AJAY AGARWAL,JAIPUR vs. CIT (IT), DELHI-1, CIT(IT) DELHI

In the result, the appeal of the assessee is allowed

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

short AO]. 2. In this appeal, the assessee has raised following grounds: - “1. “On the facts and in the circumstances as well as on the law Ld. CIT (International taxation) erred in making direction u/s 263 of the income tax Act, 1961 to AO to re-compute income of the assessee considering the co-ownership of capital assets sold during

PRAMOD KASLIWAL,JAIPUR vs. ITO WD. 6(2) , BHAGWAN DASS ROAD, JAIPUR

Appeals of the assessee are allowed statistically

Bench: Ld. Cit/Nfac.

term Capital Gains declared before claiming deduction u/s 54 of ITA 5. Further the reference of date of 22.06.2008 which was the date of demise of Mother is again misconceived since the asset was received in family partition and/or Will of father who died on 12.08.1987 which land he ( Late Pramod Kasliwal, Jaipur vs. ITO, Jaipur Father) acquired on 17th

PRAMOD KASLIWAL,JAIPUR vs. ITO WD. 6(2) , NEW CENTRAL REVENUE BUILDING, BHAGWAN DASS ROAD, JAIPUR 302005

Appeals of the assessee are allowed statistically

Bench: Ld. Cit/Nfac.

term Capital Gains declared before claiming deduction u/s 54 of ITA 5. Further the reference of date of 22.06.2008 which was the date of demise of Mother is again misconceived since the asset was received in family partition and/or Will of father who died on 12.08.1987 which land he ( Late Pramod Kasliwal, Jaipur vs. ITO, Jaipur Father) acquired on 17th

PRATIMA PANWAR,JAIPUR vs. I.T.O, WARD 3(3), JAIPUR, JAIPUR

In the result, the appeal of the assessee is allowed

Bench: Him.

TDS certificates and copy of statement Bank account, cash book maintained by the assessee. d) The ITR shows the source of income of the assessee as salary from Shyamlal Panwar Anandidevi Memorial Charitable Trust and MJRP University. 3 Pratima Panwar vs. ITO e) During the demonetization period assessee has deposited cash amounting to Rs. 31,65,000/-in the bank

ASHOK KUMAR JAIN,KOTA vs. ITO WD-2(1), KOTA, KOTA

In the result, the appeal of the assessee is allowed for statistical purpose

term capital gain is computed at Rs.7,43,837/- and the\nsame was brought to tax.\n4.2.2During the course of appellate proceedings, the appellant filed copy of purchase deed\ndated 12.05.2011 towards purchase of immovable property which is sold by the appellant\nduring the relevant previous year for total sale consideration of Rs.85,00,000/-. On perusal\nof this purchase

CAREER POINT LIMITED,KOTA, RAJASTHAN vs. PRINCIPAL COMMISSIONER OF INCOME TAX, UDAIPUR, RAJASTHAN

In the result, the appeal of the assessee is allowed

Bench: HON’BLE SHRI SANDEEP GOSAIN, JM & HON’BLE SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

gain on sale of “UTI Transportation and Logistics Fund under section 10(38), and by investment of Rs 1,99,000/- which was made from owned funds as assessee was having availability of ample of owned funds. So, no borrowing cost has been incurred towards purchase of this UTI TRANSPORTATION AND LOGISTICS FUND and other investments which may generate exempt

M/S WHOLESALE CLOTH MERCHANT,KOTA vs. PR. COMMISSIONER OF INCOME TAX (CENTRAL), RAJASTHAN, JAIPUR

In the result, appeal of the assessee is allowed

Bench: Shri Sandeep Gosain, Jm & Shri Vikram Singh Yadav, Am Vk;Dj Vihy La-@Ita No. 688/Jp/2019 Assessment Year: ………………………… M/S Wholesale Cloth Merchant Cuke Pr.C.I.T. (Central), Vs. Association, Jaipur (Rajasthan) New Cloth Market, Kota. Pan No.: Aaatw 0127 C Vihykfkhz@Appellant Izr;Fkhz@Respondent Fu/Kzkfjrh Dh Vksj Ls@ Assessee By : Shri Siddarth Ranka & Shri Shravan Kr. Gupta (Advs) Jktlo Dh Vksj Ls@ Revenue By : Shri Ambrish Bedi (Cit-Dr) Lquokbz Dh Rkjh[K@ Date Of Hearing : 14/10/2020 Mn?Kks"K.Kk Dh Rkjh[K@ Date Of Pronouncement : 06/01/2021 Vkns'K@ Order Per: Sandeep Gosain, J.M. The Present Appeal Has Been Filed By The Assessee Against The Order Of The Ld. Pr.Cit(Central), Rajasthan, Jaipur Dated 22/03/2019 Passed U/S 12Aa(3) & 12Aa(4) Of The Income Tax Act, 1961 (In Short, The Act). Following Grounds Have Been Taken By The Assessee: “1. That In The Facts & In The Circumstances Of The Case & In Law, The Ld Pr. Cit(Central), Rajasthan, Jaipur Has Grossly Erred In Cancelling The Registration Of The Assessee Appellant Trust Under Section 12A Of The Act By Invoking Section 12Aa(4) Of The Act W.E.F. 01/04/2013. 2. The Appellant Craves Leave To Add, Alter, Modify Or Amend Any Ground On Or Before The Date Of Hearing.”

TDS provisions have not been complied properly. Therefore, the assessee is not entitled for claiming exemption under section 11 to 13 of the I.T. Act, 1961. It was also submitted by the ld CIT-DR that in view of above findings, the activities of the assessee Trust falls under the purview of Section 12AA

SHRI SATISH CHANDRA KATTA,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, JAIPUR

capital gain on sale of property - Assessee made a claim before\nAssessing Officer that value adopted or assessed by stamp valuation authority\nwas higher than fair market value - Value adopted by stamp valuation authority\nhad not ever been disputed by assessee in any appeal or revision or otherwise to\nany other authority or Court as referred to in section