DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-3, JAIPUR vs. M/S CHOKHI DHANI DEVELOPERS PVT. LTD., JAIPUR

In the result, the appeals of the revenue stands dismissed

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

capital asset within the meaning of section 2(14) of the I.T. Act, 1961. Accordingly capital gain tax is leviable on compulsory acquisition of the land. In this connection it is submitted that the above said finding of the ld. AO was based on the enquiries made from the Tehsildar, Sanganer vide his letter dated 14.11.2019 and 15.11.2019 and also

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3, JAIPUR vs. M/S VISION ESTATES PVT. LTD., JAIPUR

In the result, the appeals of the revenue stands dismissed

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

capital asset within the meaning of section 2(14) of the I.T. Act, 1961. Accordingly capital gain tax is leviable on compulsory acquisition of the land. In this connection it is submitted that the above said finding of the ld. AO was based on the enquiries made from the Tehsildar, Sanganer vide his letter dated 14.11.2019 and 15.11.2019 and also

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

In the result, appeal of the assessee is allowed

capital gains' but no addition was made in this regard, as no gains accrued to the appellant.\nHowever, learned AO proceeded to make addition on \"investment amount' under section 69A\nwhich is uncalled for.\n\nGround of Appeal No. 3\n\nThat the Ld. Assessing Officer erred in law in not complying with principles of natural justice.\nFurther

M/S SILVEX & CO. (INDIA) LTD.,JAIPUR vs. INCOME TAX OFFICER, WARD-7-2, JAIPUR

In the result, the appeals are partly allowed

145 (2) could not be invoked Ground of Appeal No. 3: M/s Silvex & Co. (India) Ltd. In this ground of appeal, assessee has challenged the action of ld.CIT(A) in sustaining the addition to the extent of Rs.3,29,196/- u/s 40(a)(ia) of the Act out of total addition of Rs. 3,74,196/-. In this regard

M/S SILVEX & CO. (INDIA) LTD.,JAIPUR vs. INCOME TAX OFFICER, WARD-7-2, JAIPUR

In the result, the appeals are partly allowed

145 (2) could not be invoked Ground of Appeal No. 3: M/s Silvex & Co. (India) Ltd. In this ground of appeal, assessee has challenged the action of ld.CIT(A) in sustaining the addition to the extent of Rs.3,29,196/- u/s 40(a)(ia) of the Act out of total addition of Rs. 3,74,196/-. In this regard

INCOME TAX OFFICER, ALWAR vs. M/S KRISH HOME PVT. LTD., NEW DELHI

In the result, we set aside the order of the ld

section 63 of the Bombay Tenancy Agricultural Lands Act. We are, therefore, of the opinion that the High Court was right in holding that the said land was not an agricultural land at the time of its sale and that the income arising from its sale was not exempt from the capital gains tax. The appeals, accordingly, fail

ACIT CIRCLE-7, JAIPUR vs. CHINRJI LAL SHARMA, JAIPUR

19. As a result, this appeal filed by the department deserves to be

Bench: This Appellate Tribunal.

capital gains. In para 20 of the abovesaid decision, Hon'ble Apex Court narrated various circumstances appearing for and against the assessee's case. For ready reference and convenience, relevant portion of said para is extracted hereunder:- 20. ……..The facts in their favour are; land being registered as agricultural land in the Revenue records: payment of land revenue in respect

SHRI MADAN LAL SHARMA,JAIPUR vs. ITO, WARD-1, , BHARATPUR

In the result, appeal filed by the revenue is allowed statistically and

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

Capital Gains, eligible to tax, in the hands of the assessee. 3.3. Even ld. AO, in his remand report, submitted to the ld. CIT(A) accepted the fact that the property was never transferred to the assessee. In this regard, the remand report of the ld. AO, reproduced by the ld. CIT(A) at Page 5-6 of his order

ITO, WARD-1, BHARATPUR vs. SHRI MADAN LAL SHARMA, JAIPUR

In the result, appeal filed by the revenue is allowed statistically and

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

Capital Gains, eligible to tax, in the hands of the assessee. 3.3. Even ld. AO, in his remand report, submitted to the ld. CIT(A) accepted the fact that the property was never transferred to the assessee. In this regard, the remand report of the ld. AO, reproduced by the ld. CIT(A) at Page 5-6 of his order

M/S. SILVEX & COMPANY INDIA LTD.,JAIPUR vs. ITO WARD-7(4), JAIPUR

In the result, the appeal of the assessee is allowed and cross appeal of the Revenue is dismissed

capital, etc., and from the documents searched/ seized, it is alleged that assessee is one of the beneficiaries. Based on this information the ld. AO recorded reasons to believe that, certain income had escaped tax, and accordingly initiated the reassessment proceedings by issue of notice u/s 148 on 21.3.2015 and passed the reassessment order by increasing the assessed income with

ITO WARD-7(2), JAIPUR, WARD-7(2), JAIPUR vs. M/S. SILVEX & COMPANY G-1/35 TO 37, 47, 48 EPIP, JEWELLERY ZONE, SITAPURA INDUSTRIAL AREA, JAIPUR, JAIPUR

In the result, the appeal of the assessee is allowed and cross appeal of the Revenue is dismissed

capital, etc., and from the documents searched/ seized, it is alleged that assessee is one of the beneficiaries. Based on this information the ld. AO recorded reasons to believe that, certain income had escaped tax, and accordingly initiated the reassessment proceedings by issue of notice u/s 148 on 21.3.2015 and passed the reassessment order by increasing the assessed income with

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)

145(3) and without rejecting the books of accounts, also erred in not considering the material and details in their true perspective and sense despite available on record. Which are against the provisions as per law and further contrary to the real facts of the case hence the ld. AO may kindly be directed to treat the surrendered income

PRAMILA AGARWAL,JAIPUR vs. THE INCOME TAX OFFICER WARD-2(5), JAIPUR

In the result, the appeal of the assessee is allowed

145 taxmann.com\n315 that se of Shyam Sundar Bajaj vs ITO \"Where assessee earned LTCG on\nsale of shares and AO denied said claim and made additions under section 68\non the ground that assessee invested in shares of penny stock companies which\nprovided bogus LTCG and since assessee failed to establish genuineness of\nrise of price of shares within

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

capital gain has accrued to the assessee. CIT (A) further held that funds received by the assessee is unaccounted income of the assessee and chargeable to tax u/s 68 of the act. On the matrix as held by the Honorable Delhi high court the above issue falls within the scope of the provision of section

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

145 & 151/JPR/2024\n“..Head Notes - Section 50C of the Income-tax Act, 1961 - Capital gains - Special\nprovision for computation of full

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

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

145 & 151/JPR/2024\n“..Head Notes - Section 50C of the Income-tax Act, 1961 - Capital gains - Special\nprovision for computation of full

SIYARAM EXPORTS INDIA PRIVATE LIMITED,JAIPUR vs. ITO WARD 6(4), JAIPUR, JAIPUR

145 & 151/JPR/2024\n“..Head Notes - Section 50C of the Income-tax Act, 1961 - Capital gains - Special\nprovision for computation of full