SUMIT GOEL,JAIPUR vs. INCOME TAX OFFICER , JAIPUR

In the result,the appeal of the assessee is partly allowed

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

carried forward loss against long term capital gain earned by the assessee which tantamount to double addition. In the computation

RAHUL KASLIWAL,JAIPUR vs. ITO, JAIPUR

In the result, the appeal of the assessee is allowed

Bench: SHRI SANDEEP GOSAIN (Judicial Member)

carry forward of business loss. Thus, it is clear that the assessee neither had any capital loss which could have been adjusted against any capital gain

FEDERATION OF RAJASTHAN TRADE AND INDUSTRY,JAIPUR vs. ITO-EXEMPTION WARD-2, JAIPUR

In the result, the appeal filed by the assessee is allowed for statistical purposes

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

loss may be set off from the capital gain and added that since carry forward of set off loss is not involved

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, KOTA, KOTA vs. CHAMBAL FERTILIZERS AND CHEMICALS LTD, KOTA

Bench: SHRI GAGAN GOYAL (Accountant Member), SHRI NARINDER KUMAR (Judicial Member)

carried 361,43,40,689/- forward When the Assessing Officer questioned the assessee company regarding short term capital loss, it submitted following reply:- o25 ITA No. 1090, 1097 TO 1099 & 1091/JPR/2024 Chambal Fertilizers and Chemicals Ltd., Kota “"During the year, CFCL Technologies Limited, Cayman Islands, a subsidiary of the Company, merged with its wholly owned subsidiary CFCL Ventures Limited, Cayman

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, KOTA, KOTA vs. CHAMBAL FERTILIZERS AND CHEMICALS LTD, KOTA

Bench: SHRI GAGAN GOYAL (Accountant Member), SHRI NARINDER KUMAR (Judicial Member)

carried 361,43,40,689/- forward When the Assessing Officer questioned the assessee company regarding short term capital loss, it submitted following reply:- o25 ITA No. 1090, 1097 TO 1099 & 1091/JPR/2024 Chambal Fertilizers and Chemicals Ltd., Kota “"During the year, CFCL Technologies Limited, Cayman Islands, a subsidiary of the Company, merged with its wholly owned subsidiary CFCL Ventures Limited, Cayman

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, KOTA, KOTA vs. CHAMBAL FERTILIZERS AND CHEMICALS LTD., KOTA

Bench: SHRI GAGAN GOYAL (Accountant Member), SHRI NARINDER KUMAR (Judicial Member)

carried 361,43,40,689/- forward When the Assessing Officer questioned the assessee company regarding short term capital loss, it submitted following reply:- o25 ITA No. 1090, 1097 TO 1099 & 1091/JPR/2024 Chambal Fertilizers and Chemicals Ltd., Kota “"During the year, CFCL Technologies Limited, Cayman Islands, a subsidiary of the Company, merged with its wholly owned subsidiary CFCL Ventures Limited, Cayman

CHANDRA PRAKASH JAIN,JAIPUR vs. CIRCLE 1, JPR, JAIPUR

In the result, ground raised by the assessee is partly allowed

Bench: Shri Gagan Goyal & Shri Narinder Kumar

forwarding a statement of Shri Anil Kumar Khemka Controlled and Managed M/s. Twenty first Century India Ltd. that was recorded during the search & seizure operation. As per his statement, this company is actually one of the paper companies known as penny stock and does not do any actual business and was only providing bogus Long Term Capital Gain entries

PAWAN GUPTA,KOTA vs. ITO WARD 1(3) KOTA , KOTA

In the result, the appeal of the assessee is allowed with no orders as to costs

losses suffered by the assessee have been\nadjusted against the unaccounted income of the assessee, books of the assessee did not show\nin that particular case any drawings for purchase of tickets and incurring travel expenditure\nto 3 different cities prior to the date of winning of the jackpot races. The assessee has given up\nthe winning from the jackpots

MADAN MOHAN GUPTA ,KOTA vs. ITO WARD 1(3) , KOTA

losses suffered by the\nassessee have been adjusted against the unaccounted income of the assessee,\nbooks of the assessee did not show in that particular case any drawings for\npurchase of tickets and incurring travel expenditure to 3 different cities prior to\nthe date of winning of the jackpot races. The assessee has given up the winning\nfrom the jackpots

RAM SHRAN KATTA, 257, KATTA STREET, JAIN MANDIR WALI GALI, DURGAPURA, JAIPUR,JAIPUR vs. ITO WARD-6(4), JAIPUR

In the result, the appeals of the assessee are allowed

carry the real\nestate trading and the books were duly audited.\n2.5\nIt is further submitted that, as per settled position of law that for deciding as to whether\nsuch sale transaction is on account of business of an assessee or simply sale of a capital\nasset attracting capital gains, the intention of the assessee at the time of purchasing

RAM SHARAN KATTA, 257, KATTA STREET, JAIN MANDIR WALI GALI, DURGAPURA, JAIPUR,JAIPUR vs. ITO WARD-6(4), JAIPUR, WARD-6(4), JAIPUR

In the result, the appeals of the assessee are allowed

carry the real\nestate trading and the books were duly audited.\n2.5\nIt is further submitted that, as per settled position of law that for deciding as to whether\nsuch sale transaction is on account of business of an assessee or simply sale of a capital\nasset attracting capital gains, the intention of the assessee at the time of purchasing

INCOME TAX OFFICER, JAIPUR vs. RENU AGARWAL, JAIPUR

In the result, appeal of the Revenue is dismissed

forwarded to The Division Chief (CFD-DCR), Securities and Exchange Board of India, SEBI Bhavan, Plot No. C-4, “G” Block, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051.\n19. In terms of rule 6 of the Rules, copies of this order are sent to the Noticee and also to the Securities and Exchange Board of India.\nDate : June

RAKESH KUMAR JAIN,JAIPUR vs. DCIT,CIRCLE-2, JAIPUR, JAIPUR

In the result, the appeal filed by the assessee is allowed

Bench: Or At The Time Of Hearing Of The Appeal & / Or Modify Any Of The Above Grounds.

capital gain even though the claim is of the agricultural income, considering it as non-agricultural. Since the assessee has revised the claim and paid the tax due before the assessing officer, there cannot be providing inaccurate particulars of income by the assessee we get support of the view that the revised return should be considered as disclosure before

RAJRANI SINGHAL,BEAWAR vs. DCIT, CENTRAL CIRCLE, AJMER, AJMER

carried out on 08.06.20107 at\nthe residential and business premises of \"M/s Swarnganga Group\nof Beawar\" and its family members. Various incriminating\ndocuments/Loose papers had been found at the time of search and\nsome of them were also seized at various places of the group at\nthe time of action u/s 132 of I.T. Act. Certain incriminating\ndocuments/Loose papers/Books

GANPATLAL AGARWAL,BEAWAR vs. DCIT, CENTRAL CIRCLE, AJMER, AJMER

carried out on 08.06.20107 at\nthe residential and business premises of \"M/s Swarnganga Group\nof Beawar\" and its family members. Various incriminating\ndocuments/Loose papers had been found at the time of search and\nsome of them were also seized at various places of the group at\nthe time of action u/s 132 of I.T. Act. Certain incriminating\ndocuments/Loose papers/Books

GANPATLAL AGARWAL,BEAWAR vs. DCIT, CENTRAL CIRCLE, AJMER, AJMER

carried out on 08.06.20107 at\nthe residential and business premises of \"M/s Swarnganga Group\nof Beawar\" and its family members. Various incriminating\ndocuments/Loose papers had been found at the time of search and\nsome of them were also seized at various places of the group at\nthe time of action u/s 132 of I.T. Act. Certain incriminating\ndocuments/Loose papers/Books

JAGDISH KUMAR ARORA,BHAWANIMANDI vs. DCIT, CENTRAL CIRCLE- KOTA, KOTA

In the result, the appeal of the assessee is allowed

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

forward loss or any other expenditure is to be given to the assessee.” The ld. CIT(A) has not spoken a single word on theses issue and submission and no contrary judgments have been brought, which show he either has satisfied with our plea or he is not having anything to rebut our contention. Hence the income so surrendered

RAJRANI SINGHAL,BEAWAR vs. DEPUTY COMMISSIONER OF INCOME TAX, AJMER

In the result, all the appeals filed by the assessee are\nallowed for statistical purposes

carried out on 08.06.20107 at\nthe residential and business premises of \"M/s Swarnganga Group\nof Beawar\" and its family members. Various incriminating\ndocuments/Loose papers had been found at the time of search and\nsome of them were also seized at various places of the group at\nthe time of action u/s 132 of I.T. Act. Certain incriminating\ndocuments/Loose papers/Books