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

In the result, the appeal of the assessee is allowed

Capital account along with notes of accounts as on 7-10 2. 31.03.2013 Copy of notice u/s 148A(b) dated 31.05.2022 11-14 3. Copy of reply to Show Cause notice u/s 148A(b) dated 15.06.2022 15-25 4. Copy of order dated 21.07.2022 issued under section 148A(d) of Income Tax 26-37 5. Act, 1961 Copy of notice

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

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

111-116 SangeetaMantri 2011-12 97 91-96 Sunita Agrawal 2011-12 94-95 - Thereafter, ld.AO changed his stand and took the view to treat the entries as ‘Interest paid’ instead of earlier allegation as interest received and alleged that the amount appearing under the last column is the amount of interest paid by CO No. 15 & 16/JP2020 & others ACIT

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

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

111-116 SangeetaMantri 2011-12 97 91-96 Sunita Agrawal 2011-12 94-95 - Thereafter, ld.AO changed his stand and took the view to treat the entries as ‘Interest paid’ instead of earlier allegation as interest received and alleged that the amount appearing under the last column is the amount of interest paid by CO No. 15 & 16/JP2020 & others ACIT

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

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

111-116 SangeetaMantri 2011-12 97 91-96 Sunita Agrawal 2011-12 94-95 - Thereafter, ld.AO changed his stand and took the view to treat the entries as ‘Interest paid’ instead of earlier allegation as interest received and alleged that the amount appearing under the last column is the amount of interest paid by CO No. 15 & 16/JP2020 & others ACIT

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

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

111-116 SangeetaMantri 2011-12 97 91-96 Sunita Agrawal 2011-12 94-95 - Thereafter, ld.AO changed his stand and took the view to treat the entries as ‘Interest paid’ instead of earlier allegation as interest received and alleged that the amount appearing under the last column is the amount of interest paid by CO No. 15 & 16/JP2020 & others ACIT

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

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

111-116 SangeetaMantri 2011-12 97 91-96 Sunita Agrawal 2011-12 94-95 - Thereafter, ld.AO changed his stand and took the view to treat the entries as ‘Interest paid’ instead of earlier allegation as interest received and alleged that the amount appearing under the last column is the amount of interest paid by CO No. 15 & 16/JP2020 & others ACIT

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

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

111-116 SangeetaMantri 2011-12 97 91-96 Sunita Agrawal 2011-12 94-95 - Thereafter, ld.AO changed his stand and took the view to treat the entries as ‘Interest paid’ instead of earlier allegation as interest received and alleged that the amount appearing under the last column is the amount of interest paid by CO No. 15 & 16/JP2020 & others ACIT

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

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

111-116 SangeetaMantri 2011-12 97 91-96 Sunita Agrawal 2011-12 94-95 - Thereafter, ld.AO changed his stand and took the view to treat the entries as ‘Interest paid’ instead of earlier allegation as interest received and alleged that the amount appearing under the last column is the amount of interest paid by CO No. 15 & 16/JP2020 & others ACIT

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

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

111-116 SangeetaMantri 2011-12 97 91-96 Sunita Agrawal 2011-12 94-95 - Thereafter, ld.AO changed his stand and took the view to treat the entries as ‘Interest paid’ instead of earlier allegation as interest received and alleged that the amount appearing under the last column is the amount of interest paid by CO No. 15 & 16/JP2020 & others ACIT

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

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

111-116 SangeetaMantri 2011-12 97 91-96 Sunita Agrawal 2011-12 94-95 - Thereafter, ld.AO changed his stand and took the view to treat the entries as ‘Interest paid’ instead of earlier allegation as interest received and alleged that the amount appearing under the last column is the amount of interest paid by CO No. 15 & 16/JP2020 & others ACIT

SH. SURENDER MEENA,36, PRATAP NAGAR, SHASTRI NAGAR, JAIPUR vs. PCIT-1, JAIPUR

In the result the appeal of the assessee is allowed

111 Taxman.com 353 related to disallowable amount of electric city duty u/s. 40(a)(iib) and the fact are thus different. 13. Be that as it may, in our considered view, as the A.O while framing the assessment had taken a plausible view, and treated the gain as Capital Gain and consequent thereupon allowed the assessee"s claim for deduction

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)

sections 69, 69A, 69B and 69C being treated separately, because such deemed income is not income from salary, house property, profits and gains of business or profession, or capital gains, nor is it income from 'other sources' Held, yes. [Fakir Mohmed Haji Hasan v. Commissioner of Income-tax [2002] 120 Taxman 11 (Gujarat)/[2001] 247 ITR 290 (Gujarat

SHREE CEMENT LIMITED,BEAWAR vs. NATIONAL FACELESS ASSESSMENT CENTRE, DELHI

In the result, the appeal of the Revenue in ITA No

Bench: or at the time of hearing of this appeal.

Section 80IA(8), the word "OR" is missing in provisions of Section 80A(6) of the ACIT vs. Shree Cement Ltd. Act. It is noted that as per provisions of Section 80A(6), if any goods or services whether sold or acquired falls within the category specified domestic transactions of Section 92BA then in such case it is mandatory

SHREE CEMENT LIMITED,BEAWAR vs. NATIONAL FACELESS ASSESSMENT CENTRE, DEPUTY COMMISSIONEROF INCOME TAX, CIRCLE -2, AJMER, AJMER

In the result, the appeal of the Revenue in ITA No

Bench: or at the time of hearing of this appeal.

Section 80IA(8), the word "OR" is missing in provisions of Section 80A(6) of the ACIT vs. Shree Cement Ltd. Act. It is noted that as per provisions of Section 80A(6), if any goods or services whether sold or acquired falls within the category specified domestic transactions of Section 92BA then in such case it is mandatory

SH. NARENDAR KUMAR AGARWAL,JAWALI BHAWAN, STATION ROAD, ALWAR vs. PCIT, JAIPUR-1, JAIPUR

In the result the appeal of the assessee is allowed

capital gain computed as per section 50C and thus, on this aspect he said the Pr. CIT has rightly invoked the provision of section 263 of the Act as the order of the AO is erroneous, insofar it was prejudicial to the interest of the revenue, ‟ had rightly „set aside his assessment with a direction to re - adjudicate the issue

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. SUBHASH CHANDRA BANKA, JAIPUR

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

111-128) wherein\nHon'ble Supreme Court underscored that the appellate provisions\n(Section 33(4) of the 1922 Act, analogous to Section 250/254 of the 1961 Act)\ndo not confer on the appellate authority a power to make any direction on\nmatters not arising in the appeal, especially as the Act provides separate\nmechanisms (like Section

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

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. VIPUL BANKA, SIKAR

In the result, the appeals of the revenue stands dismissed, and the

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

capital gains. IV. Aggrieved by the assessment order, the assessee preferred an appeal before the Commissioner of Income Tax (Appeals), Jaipur–4 “CIT(A)”. The appeal was allowed vide order dated 31.12.2024. The ld. CIT(A) deleted the addition made under Section 153A on the ground that the assessment for the said year had already attained finality and no incriminating

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. VAIBHAV BANKA, SIKAR

In the result, the appeals of the revenue stands dismissed, and the

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

capital gains. IV. Aggrieved by the assessment order, the assessee preferred an appeal before the Commissioner of Income Tax (Appeals), Jaipur–4 “CIT(A)”. The appeal was allowed vide order dated 31.12.2024. The ld. CIT(A) deleted the addition made under Section 153A on the ground that the assessment for the said year had already attained finality and no incriminating