SUWALKA AND SUWALKA PROPERTIES AND BUILDERS PVT LTD,KOTA, RAJASTHAN vs. ACIT, CENTRAL CIRLCE, KOTA, KOTA, RAJASTHAN

Bench: Him Challenging The 2 Suwalka & Suwalka Properties & Builders Pvt. Ltd. Vs. Acit Assessment Order Dated 22.12.2019 Passed U/S.143(3)Of The Income Tax

purchase the peace of mind". 3.3 As per assessee's submission, the assessee has sold material worth Rs. 3,24,44,415/- from 01.04.2016 to 08.11.2016 and no such sale has occurred after 08.11.2016. The contention of the assessee is not found convincing as the material worth Rs. 3,24,44,415/- was sold in first 7 months

SMT. MANJU GUPTA,KOTA vs. ITO, WARD-1, BHARATPUR

In the result, appeal of the assessee is allowed

Bench: Or During The Course Of Hearing.”

54F of the I.T. Act, 1961 amounting to Rs. 1,60,865/- in her ITR filed for the year under consideration. The re-opening of the assessment was made in suspicion and on whims only. No needful enquiry or investigation was made by the Ld.AO before re- opening the assessment hence, the Ld.AO erred in re-opening the assessment, which

SAJJAD ALI,CHITTORGARH vs. DCIT(INTL)- JAIPUR, JAIPUR

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

54F in the A.Y. 2018-19. Copy of sale deed of flat sold by the assessee on dt.07.04.2015, copy purchase deed of flat purchase from M/s Sana Land and Developers, copy of allotment, copy of cancellation of flat purchase from M/s Sana Land and Developers , Copy of purchase deed of flat purchased from M/s Nyati Builders Pvt. Ltd with copy

SHRI VIVEK JAIN,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-7, JAIPUR

In the result, the appeal of the assessee is allowed

Bench: The Hearing.”

purchased a residential property in the name of his wife Smt. Nikita Jain. The AO has also disallowed the claim of interest to the extent of Rs. 3,73,310/- on the ground that ¾ of the property is self occupied and ¼ is rented. Thus while completed the assessment U/s 143(3) of the Act the AO has made disallowance

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)

54F of the Act is restricted to the amount of Rs.45,34,469/-. Accordingly the assessment was completed. 6. Feeling dissatisfied with the above order of the assessment the assessee has carried the matter before the ld. CIT(A). Apropos to the grounds so raised before the ld. CIT(A), the relevant finding of the ld. CIT(A) is reiterated

GEETANJALI HOTELS & PROMOTERS PVT LTD,JAIPUR vs. ACIT, JAIPUR

In the result, the appeals of the assessee in ITA No

purchases and out of interest bearing loans without considering the fact that these advances made in earlier years for business expansion. 2. That Ld. CIT(Appeals) has erred in confirming the addition made by the Ld. AO of Rs. 3,12,118/- in respect of interest on income tax refund despite of the fact that the assessee doesn’t have

GEETANJALI HOTELS & PROMOTERS PVT LTD,JAIPUR vs. ACIT, JAIPUR

In the result, the appeals of the assessee in ITA No

purchases and out of interest bearing loans without considering the fact that these advances made in earlier years for business expansion. 2. That Ld. CIT(Appeals) has erred in confirming the addition made by the Ld. AO of Rs. 3,12,118/- in respect of interest on income tax refund despite of the fact that the assessee doesn’t have