SHRI RAM NARAIN YADAV,JAIPUR vs. INCOME TAX OFFICER, WARD-3-2, JAIPUR

In the result, both the appeals of the assessee are partly allowed for

reopened the assessment by issuing notice under section 148 on 21st March, 2013 to assess the income on account of sale of properties by the assessee. The AO recorded the Shri Ram Narain Yadav, Jaipur. reasons and proposed to assess the long term capital gain

NARESH KUMAR ARORA,JAIPUR vs. DCIT, CIRCLE-6, JAIPUR

In the result, the appeal of the assessee is allowed

capital gain or the head profits and gains from business was a subject matter of consideration by the Assessing Officer during the original assessment proceedings leading to an order dated 12 October 2010. It would therefore, follow that the reopening

BIRENDRA SINGH NIRBHAY,SIRSI ROAD JAIPUR RAJASTHAN vs. ITO WARD 3(1) JAIPUR, NCRB INCOME TAX DEPARTMENT STATUE CIRCLE JAIPUR RAJASTHAN

In the result, the appeal of the assessee is allowed

Reopening Proceedings:\ni.\nThe case was selected for scrutiny under CASS.\nii.\nA notice under Section 143(2) was issued on 28-07-2016 and duly served.\n3. Business Background and Investment in Shares:\ni.\nThe assessee is an individual and drew salary from AmitRishabH.Builder\nPvt. Ltd. and also deriving income from capital gain and house property.\nAlthough not engaged

DINESSH KUMAR SHARMA,JAIPUR vs. ITO, WARD4(2), JAIPUR

In the result, appeal of the assessee is allowed

reopened on the reason that the assessee has claimed bogus Long\nTerm Capital Gain of Rs.15,95,000/- and has not disclosed the capital gain earned\nand income escaped assessment

M/S ANGEL INFRASTRUCTURE (P) LTD.,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, JAIPUR

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

reopened the assessment by recording the reasons as under: Reasons recorded for initiation of assessment proceedings u/s 147 of the Income Tax Act, 1961 in the case of – M/s Angel Infrastructure Pvt. Ltd., B-5, Vrindavan Apartment, Kings Road, Jaipur for the assessment year 2009-10. Name & address of the assessee M/s Angel Infrastructure Pvt. Ltd., B-5, Vrindavan Apartment

ASSISTANT COMMISSIONER OF INCOME TAX , CIRCLE-2, JAIPUR vs. M/S. ANGEL INFRASTRUCTURE PRIVATE LIMITED, JAIPUR

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

reopened the assessment by recording the reasons as under: Reasons recorded for initiation of assessment proceedings u/s 147 of the Income Tax Act, 1961 in the case of – M/s Angel Infrastructure Pvt. Ltd., B-5, Vrindavan Apartment, Kings Road, Jaipur for the assessment year 2009-10. Name & address of the assessee M/s Angel Infrastructure Pvt. Ltd., B-5, Vrindavan Apartment

DCIT,C-7, JAIPUR vs. BHARAT MOHAN RATURI, JAIPUR

In the result, the appeal of the Department is dismissed and that of the C

Bench: SHRI SANDEEP GOSAIN (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI, AM vk;djvihy la-@ITA No. 413/JP/2022 fu/kZkj.ko"kZ@AssessmentYear :2013-14 The DCIT Circle-7 Jaipur cuke Vs. Shri Bharat Mohan Raturi 161, Indira Colony, Bani Park Jaipur 302 015 (Raj) LFkk;hys[kk la-@thvkbZvkj la-@PAN/GIR No.: AANPR 7066G vihykFkhZ@Appellant izR;FkhZ@Respondent CO No. 2/JP/2023 (Arising out of vk;djvihy la-@ITA No. 413/JP/2022 ) fu/kZkj.ko"kZ@AssessmentYear :2013-14 Shri Bharat Mohan Raturi 161, Indira

Capital Gain declared by the assessee was NIL. During the course of assessment proceedings, the assessee observed some mistake in the computation of LTCG income and therefore filed a revised computation of income along with covering letter dated 28.12.2015 declaring sale consideration of plot at Rs. 1,00,00,000, Investment in new house property

TIJARIA POLYPIPES LIMITED,JAIPUR vs. DCIT CIRLCE 4, JAIPUR

capital from these two parties. In the reasons of reopening the leamed AO\nhas stated that credits were received from these two parties. At the stage of\nforming of the reasons of reopening the conclusive finding cannot be arrived at\ndue to the limited records of the appellant available on the file of the assessing\nauthority. At this stage there

BHOPAL SINGH SHEKHAWAT,JAIPUR vs. ITO, JAIPUR

capital gain arising from sale of property and on account of unexplained cash credit and deposit made in the bank account. ITA 656/JP/2016_ 4 Bhopal Singh Shekhawat Vs ITO The assessee challenged the assessment order before the ld. CIT(A) and also raised an objection against the validity of reopening

SHRI VIJAY KUMAR,JAIPUR vs. INCOME TAX OFFICER, WARD-4-1, JAIPUR

In the result, the ground of appeal is allowed

capital gains and income from other sources. It was submitted that the AO cannot assess other escaped income where the AO did not assess the income for which he has reopened

SITA DEVI AGARWAL,JAIPUR vs. ITO, WD-4(1), JAIPUR

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

gains claim in lieu of cash and he was duly examined by the assessee Totality of facts clearly indicates that there was reasonable belief with the Assessing officer that income has escaped assessment, therefore, so far as, reopening is concerned. we find no infirmity in the conclusion of the Id Commissioner of Income Tax (appeal) thus, this ground is decided

NIRMAL KUMAR AGRAWAL,JAIPUR vs. DCIT, CIRCLE - 4 , JAIPUR

In the result, the appeal of the assessee is allowed

reopening the assessment on the ground that assessee entered into transaction in the shares of Midland Polymers PMC Fincorp Ltd., though assessee himself had offered short term capital gain

YOGESH DAS,JAIPUR vs. ITO, JAIPUR

capital gain of Rs. 67.72,721/- on the sale of the said property. (ii) During the course of assessment proceedings, while objecting to reopening

ANUSHA FINVEST PVT LTD ,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE 1, JAIPUR

In the result, the appeal of the assessee is allowed

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

reopening of the assessment is proper. 9.2 On merits, we notice that the broker i.e. CIL Securities Ltd. has made CCM in the case of the assessee involving 13 transactions, the details of which is reproduced by CIT(A) in his order at page 11. 9.3 Client Code Modification means, modification/change of the client codes after execution of trades. Vide

DCIT, JAIPUR vs. VIMAL CHAND SURANA HUF, JAIPUR

In the result, the appeal of the revenue stands dismissed

Capital Fund v. ITO [2013] 358 ITR 471 (Bombay) which elucidated that “A protective assessment … is regarded as being protective because it is an assessment which is made ex abundant cautela where the department has a "doubt as to the person who is or will be deemed to be in receipt of the income". A departmental practice, which has gained

VINITA BAJORIA,JAIPUR vs. INCOME-TAX OFFICER, JAIPUR

In the result, the appeal of the assessee is allowed

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI, AM आयकर अपील सं./ITA No. 370/JP/2025 निर्धारण वर्ष / Assessment Year : 2016-17 Vinita Bajoria 1, Ganesh Colony Moti Doongri Road, Jaipur बनाम Income Tax Officer, Ward 5(2), Jaipur स्थायी लेखा सं. / जीआईआर सं./PAN/GIR No.: AEBPB4873M अपीलार्थी / Appellant प्रत्यर्थी / Respondent निर्धारिती की ओर से / Assessee by: Sh. Manoj Choudhary, CA राजस्व की ओर से / Revenue by : Sh. Gorav Avasthi, JCIT सुनवाई की तारीख / Date of Hear

capital loss of Rs. 1,15,89,010/- and the same was set off against gains on sale of one more property sold for Rs. 2,51,00,000/-. The assessee contends that she has submitted sufficient details during the course of assessment proceedings. However, from the assessment order, it is seen that the AO passed an exparte order

ACIT, JAIPUR vs. SHRI KALYAN BUILDMART PVT. LTD., JAIPUR

In the result, appeals of the assessee are allowed and appeals of the revenue are dismissed

gained judicial recognition, has emerged where it appears to the Assessing 13 ITA Nos. 152, 153/JP/18 & 517, 518/JP/17. Shri Kalyan Buildmart Pvt. Ltd., Jaipur. Officer that income has been received during the relevant Assessment Year, but where it is not clear or unambiguous as to who has received the income. Such a protective assessment is carried out in order

SHRI KALYAN BUILDMART PVT. LTD.,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, JAIPUR

In the result, appeals of the assessee are allowed and appeals of the revenue are dismissed

gained judicial recognition, has emerged where it appears to the Assessing 13 ITA Nos. 152, 153/JP/18 & 517, 518/JP/17. Shri Kalyan Buildmart Pvt. Ltd., Jaipur. Officer that income has been received during the relevant Assessment Year, but where it is not clear or unambiguous as to who has received the income. Such a protective assessment is carried out in order