JUHI BHANDARI, JAIPUR,JAIPUR vs. DCIT CIRCLE (INTL TAX), JAIPUR, JAIPUR

In the result, both appeals of the assessee are allowed

149, section 151 and section 153, in the case of a person\nwhere a search is initiated under section 132 or books of account, other\ndocuments or any assets are requisitioned under section 132A after the 31st\nday of May, 2003 but on or before the 31st day of March, 2021, the Assessing\nOfficer shall-\n(a) issue notice

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 COMMISSINER OF INCOME TAX, LIC BUILDING vs. M/S GEE VEE 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 RIGID CONDUCTORS (RAJ.) 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

SHIVA CORPORATION (INDIA) LIMITED,JAIPUR vs. DY. CIT, CC-3, JAIPUR

In the result, appeal of the assessee stands allowed

section 2(14)(iii)(b), one of essential conditions\nof population exceeding threshold was not satisfied and subject\nagriculture land would stand excluded and could not be classified\nas capital asset - Held, yes - Whether thus, long term capital gains\non sale of agriculture land, being not a capital asset could not be\nbrought to tax and addition so made

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)

149 taxmann.com 399 (SC), more particularly, paragraphs 11 and 13, has prayed to observe that the Revenue may be permitted to initiate re-assessment proceedings under section 147/148 of the Act as in the aforesaid decision, the powers of the re-assessment of the Revenue even in case of the block assessment under section 153-A of the Act have

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. SNEHLATA AGARWAL, SIKAR

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

149 taxmann.com 399 (SC),\nmore particularly, paragraphs 11 and 13, has prayed to observe that the Revenue may\nbe permitted to initiate re-assessment proceedings under section 147/148 of the Act as in\nthe aforesaid decision, the powers of the re-assessment of the Revenue even in case of\nthe block assessment under section 153-A of the Act have

BHARATPUR ROYAL FAMILY RELIGIOUS & CEREMONIAL TRUST,BHARATPUR vs. CIT(E), JAIPUR

In the result, we upheld the order of the ld PCIT in exercise of his powers u/s 263 in setting aside the order so passed by the AO and the grounds of appeal taken by the assessee are hereby dismissed

149 or section 150, be issued with respect to that assessment year and all the provisions of this Act shall apply accordingly; (e) [Subject to the provisions of clause (g) and clause (i) of this sub- section,] section 23A of the repealed Act shall continue to have effect in relation to the assessment of any company or its shareholders

RAGHAV COMMODITIES,JAIPUR vs. ITO WARD 6(2), JAIPUR

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

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

149 - Held, yes [Paras 24 and 26] [In favour of assessee] Section 148, read with section 148A, of the Income-tax Act, 1961 - Income escaping assessment - Issue of notice for (Notice without DIN) - Assessment years 2013-14 to 2015-16 - Assessee, engaged in information technology consulting, software development and business process services, filed its return of income - Same was accepted

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. PRIYA DEWAN, SIKAR

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

Capital Gains on account of unexplained\ncredits u/s 68 of the IT Act 1961.\n2. Whether on facts and in circumstances of the case and in law, the Ld.\nCIT(A) is justified in deleting the addition of 2,05,753/- made by the AO on account\nof unexplained expenditure for commission to acquire such accommodation\nentries.\n3. The applicant

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

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

Capital Gains on account of unexplained\ncredits u/s 68 of the IT Act 1961.\n2. Whether on facts and in circumstances of the case and in law, the Ld.\nCIT(A) is justified in deleting the addition of 2,05,753/- made by the AO on account\nof unexplained expenditure for commission to acquire such accommodation\nentries.\n3. The applicant

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

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

Capital Gains on account of unexplained\ncredits u/s 68 of the IT Act 1961.\n2. Whether on facts and in circumstances of the case and in law, the Ld.\nCIT(A) is justified in deleting the addition of 2,05,753/- made by the AO on account\nof unexplained expenditure for commission to acquire such accommodation\nentries.\n3. The applicant

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

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

Capital Gains on account of unexplained\ncredits u/s 68 of the IT Act 1961.\n2. Whether on facts and in circumstances of the case and in law, the Ld.\nCIT(A) is justified in deleting the addition of 2,05,753/- made by the AO on account\nof unexplained expenditure for commission to acquire such accommodation\nentries.\n3. The applicant

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. SARITA DEWAN, SIKAR

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

Capital Gains on account of unexplained\ncredits u/s 68 of the IT Act 1961.\n2.\nWhether on facts and in circumstances of the case and in law, the Ld.\nCIT(A) is justified in deleting the addition of 2,05,753/- made by the AO on account\nof unexplained expenditure for commission to acquire such accommodation\nentries.\n3. The applicant

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. TRILOK DEWAN, SIKAR

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

Capital Gains on account of unexplained\ncredits u/s 68 of the IT Act 1961.\n2.\nWhether on facts and in circumstances of the case and in law, the Ld.\nCIT(A) is justified in deleting the addition of 2,05,753/- made by the AO on account\nof unexplained expenditure for commission to acquire such accommodation\nentries.\n3. The applicant

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. SARITA DEWAN, SIKAR

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

Capital Gains on account of unexplained\ncredits u/s 68 of the IT Act 1961.\n2. Whether on facts and in circumstances of the case and in law, the Ld.\nCIT(A) is justified in deleting the addition of 2,05,753/- made by the AO on account\nof unexplained expenditure for commission to acquire such accommodation\nentries.\n3. The applicant

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. PRIYA DEWAN, SIKAR

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

Capital Gains on account of unexplained\ncredits u/s 68 of the IT Act 1961.\n2. Whether on facts and in circumstances of the case and in law, the Ld.\nCIT(A) is justified in deleting the addition of 2,05,753/- made by the AO on account\nof unexplained expenditure for commission to acquire such accommodation\nentries.\n3. The applicant

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

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

Capital Gains on account of unexplained\ncredits u/s 68 of the IT Act 1961.\n2. Whether on facts and in circumstances of the case and in law, the Ld.\nCIT(A) is justified in deleting the addition of 2,05,753/- made by the AO on account\nof unexplained expenditure for commission to acquire such accommodation\nentries.\n3. The applicant