OM INFRA LIMITED,JAIPUR RAJASTHAN vs. DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR, RAJASTHAN

In the result, we find no substantial question of law being involved in this appeal

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

section (3) of s. 143. The assessee moved an application under s. 154. As per provisions of s. 154 of the IT Act, the Assessing Officer has limited powers to rectify the mistakes of facts or law, which are apparent from record. In the case of T.S. Balaram, ITO vs. Volkart Brothers

SMT. RENU JAIN,NEW DELHI vs. ITO, WARD 5(2), JAIPUR

In the result, the matter is decided in favour of the assessee and against the Revenue and the sole ground of appeal is allowed

154 (Punj. & Har.) : 8. A Division Bench of the Gauhati High Court in a case reported as CIT v. Rajesh Kumar Jalan : [2006] 286 ITR 274, held that only Section 139 of the Act is mentioned in Section 54(2) of the Act in the context that the unutilized portion of the capital gain

NANAG RAM MEENA,JAIPUR vs. ITO WARD 6(4), JAIPUR

In the result, the appeal of the assesee is partly allowed as indicated\nhereinabove

154 r.w.s.250 was passed on 13.12.2024,\nclarifying the deduction amount.\nc) The assessee, in good faith, pursued the matter through grievance redressal\nmechanisms and rectification applications before approaching the Hon'ble\nITAT. As a result, the time elapsed in exhausting the available legal remedies.\n4\nITA NO. 1398/JP/2024\nSHRI NANAG RAM MEENA VS ACIT, CIRCLE-1, JAIPUR\nd) The delay

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

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

Capital Gain by making cash payment to the person or his agent/ associate involved in providing such accommodation entry. The aforesaid evidences/ copies of statement/ documents/ loose pipers may be submitted to this office latest by 10.8 2018 The Ld. AO responded vide letter dated 10-08-2018.” CO No. 15 & 16/JP2020 & others ACIT vs. Sh. Ramesh Kumar Mantri

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

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

Capital Gain by making cash payment to the person or his agent/ associate involved in providing such accommodation entry. The aforesaid evidences/ copies of statement/ documents/ loose pipers may be submitted to this office latest by 10.8 2018 The Ld. AO responded vide letter dated 10-08-2018.” CO No. 15 & 16/JP2020 & others ACIT vs. Sh. Ramesh Kumar Mantri

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

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

Capital Gain by making cash payment to the person or his agent/ associate involved in providing such accommodation entry. The aforesaid evidences/ copies of statement/ documents/ loose pipers may be submitted to this office latest by 10.8 2018 The Ld. AO responded vide letter dated 10-08-2018.” CO No. 15 & 16/JP2020 & others ACIT vs. Sh. Ramesh Kumar Mantri

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

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

Capital Gain by making cash payment to the person or his agent/ associate involved in providing such accommodation entry. The aforesaid evidences/ copies of statement/ documents/ loose pipers may be submitted to this office latest by 10.8 2018 The Ld. AO responded vide letter dated 10-08-2018.” CO No. 15 & 16/JP2020 & others ACIT vs. Sh. Ramesh Kumar Mantri

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

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

Capital Gain by making cash payment to the person or his agent/ associate involved in providing such accommodation entry. The aforesaid evidences/ copies of statement/ documents/ loose pipers may be submitted to this office latest by 10.8 2018 The Ld. AO responded vide letter dated 10-08-2018.” CO No. 15 & 16/JP2020 & others ACIT vs. Sh. Ramesh Kumar Mantri

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

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

Capital Gain by making cash payment to the person or his agent/ associate involved in providing such accommodation entry. The aforesaid evidences/ copies of statement/ documents/ loose pipers may be submitted to this office latest by 10.8 2018 The Ld. AO responded vide letter dated 10-08-2018.” CO No. 15 & 16/JP2020 & others ACIT vs. Sh. Ramesh Kumar Mantri

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

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

Capital Gain by making cash payment to the person or his agent/ associate involved in providing such accommodation entry. The aforesaid evidences/ copies of statement/ documents/ loose pipers may be submitted to this office latest by 10.8 2018 The Ld. AO responded vide letter dated 10-08-2018.” CO No. 15 & 16/JP2020 & others ACIT vs. Sh. Ramesh Kumar Mantri

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

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

Capital Gain by making cash payment to the person or his agent/ associate involved in providing such accommodation entry. The aforesaid evidences/ copies of statement/ documents/ loose pipers may be submitted to this office latest by 10.8 2018 The Ld. AO responded vide letter dated 10-08-2018.” CO No. 15 & 16/JP2020 & others ACIT vs. Sh. Ramesh Kumar Mantri

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

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

Capital Gain by making cash payment to the person or his agent/ associate involved in providing such accommodation entry. The aforesaid evidences/ copies of statement/ documents/ loose pipers may be submitted to this office latest by 10.8 2018 The Ld. AO responded vide letter dated 10-08-2018.” CO No. 15 & 16/JP2020 & others ACIT vs. Sh. Ramesh Kumar Mantri

INCOME TAX OFFICER, JAIPUR vs. VINOD KUMAR JHARCHUR HUF, JAIPUR

In the result, the ground raised by the assessee in the application filed under rule 27

section 54 of the Act which was not resorted to by the ld. AO and as such no rectification proceedings could be initiated u/s 154 of the Act. 1.3.2 Debatable issues cannot be rectified u/s 154 of the Act: It is submitted that whether a proportionate capital gain

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 gain in the year under consideration, the fact remaining that the possession of the land has still not been handed over to the appellant till date. (xi) In search assessments, any undisclosed income, which can ultimately be added, is only to the extent of any unrecorded assets/material found or any incriminating document found as representing undisclosed income earned. Further

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 gain in the year under consideration, the fact remaining that the possession of the land has still not been handed over to the appellant till date. (xi) In search assessments, any undisclosed income, which can ultimately be added, is only to the extent of any unrecorded assets/material found or any incriminating document found as representing undisclosed income earned. Further

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 gain in the year under consideration, the fact remaining that the possession of the land has still not been handed over to the appellant till date. (xi) In search assessments, any undisclosed income, which can ultimately be added, is only to the extent of any unrecorded assets/material found or any incriminating document found as representing undisclosed income earned. Further

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 gain in the year under consideration, the fact remaining that the possession of the land has still not been handed over to the appellant till date. (xi) In search assessments, any undisclosed income, which can ultimately be added, is only to the extent of any unrecorded assets/material found or any incriminating document found as representing undisclosed income earned. Further

NIKHIL KHANDELWAL,KOTA vs. ITO WD-2(2), KOTA

In the result, the appeal of the assessee is allowed

Bench: The Hearing.”

capital gain which in contravention with the provision of Income Tax Act, 1961. Such denial being invalid in law and deserves to be quashed. 2. On facts and in circumstances of the case and in law Ld. CIT(A) erred in confirming the denial of rectification under section 154