KIRAN YADAV,JAIPUR vs. INCOME TAX OFFICER, WARD-1(3), JAIPUR, JAIPUR

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

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

section 50C to his notice. Further in the show cause notice proposed computation of capital gain was given. The assessee has requested for personal hearing on VC. However in the show cause notice it was clearly mentioned asunder: If required, after filing written reply you may request for personal hearing so as to make oral submissions or present your case

SHRI ARNAV GOYAL,JAIPUR vs. ITO, WARD-2(4), JAIPUR

In the result, the appeal of the assessee is allowed

Bench: Hon’ble SHRI SANDEEP GOSAIN (Judicial Member)

200/-. The case of assessee was selected for scrutiny by issue of notice u/s 143(2) of the Act. Details and information sought by AO were furnished and assessment was completed u/s 143(3) of the Act after making addition u/s 68 to the tune of Rs.31,70,080/- by treating the long term capital gain [claimed exempt

RAJRAJESHWARI GUPTA ,KOTA vs. ITO , WARD 1(1),KOTA, KOTA

In the result, the appeal of the assessee is allowed with no orders as to costs

Bench: Hon’ble SHRI SANDEEP GOSAIN (Judicial Member)

section 68. 26 RAJ RAJESHWARI GUPTA VS ITO, WARD 1(3), KOTA 1.31As the issue involved is of chargeability of long term capital gain as undisclosed income of the assessee u/s 68 of the Act, it may be mentioned that many High courts and ITAT benches have held in favour of the assessee. In one of the cases

MADAN MOHAN GUPTA ,KOTA vs. ITO WARD 1(3) , KOTA

section 68.\n1.31As the issue involved is of chargeability of long term capital gain as undisclosed\nincome of the assessee u/s 68 of the Act, it may be mentioned that many High\ncourts and ITAT benches have held in favour of the assessee. In one of the cases\n(CIT vs. Mukesh Ratilal Marolia) SLP filed by the Revenue against

PAWAN GUPTA,KOTA vs. ITO WARD 1(3) KOTA , KOTA

In the result, the appeal of the assessee is allowed with no orders as to costs

section 68.\n1.31As the issue involved is of chargeability of long term capital gain as undisclosed income of the\nassessee u/s 68 of the Act, it may be mentioned that many High courts and ITAT benches have\nheld in favour of the assessee. In one of the cases (CIT vs. Mukesh Ratilal Marolia) SLP\nfiled by the Revenue against

KULDEEP SINGH SHEKHAWAT,KOTA vs. ITO W-2(1), KOTA, KOTA

In the result, the appeal of the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Gagan Goyalkuldeep Singh Shekhawat, 11, Samridhi Traders, Police Line, Gopal Vihar, Baran Road-324001 Pan No. Araps0973M ...... Appellant Vs. Income Tax Officer, Ward-2(1), Kota …... Respondent

capital gain is contemplated under section 54F (4) and it depends upon when the property of the assessee is sold and when exactly the amounts were invested, whether it was invested in a residential house or otherwise. All these facts have to be considered with reference to provisions of section 54F (4) along with section

SUMIT GOEL,JAIPUR vs. INCOME TAX OFFICER , JAIPUR

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

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

200/- and Rs. 20,86,800/- totaling Rs. 20,90,000/- and Rs. 5,072/- was deducted as brokerage by IIFL India Infoline Limited. So the total profit in this transaction was Rs. 10,82,000/- which is included in net profit of Rs. 14,14,040/- as per P&L account on page no. 18 of paper book. Therefore

INCOME TAX OFFICER, JAIPUR vs. RENU AGARWAL, JAIPUR

In the result, appeal of the Revenue is dismissed

capital gain arising from sale of shares as unexplained cash credit.”\n4.1 Being aggrieved with the above finding of the ld. CIT (A), the revenue came in appeal before the Tribunal on the grounds captioned herein above.\n5. Before us, the ld. DR vide letter dated 09.07.2025 submitted the written submission which are reiterated herein below :-\n\"BEFORE THE ADJUDICATING

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)

Capital Gain of Rs.3,78,74,469/- (PB5). The Id. AO has discussed the issue of LTCG particularly in para 2 (PB 120). The AO, who finally passed the order dt.31.07.2016 u/s 143(3) of the Act (PB 119-121) by making additions / disallowances of Rs. 25,200/-and Rs. 8,52,531/-. Notably, no variation has been made

MUNNI DEVI,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-5,, JAIPUR

capital gain. She filed her return of income for A.Y. 2014-15\ndeclaring an income of Rs. 21,35,200/- on 18-3-2015 which was processed under\nsection 143(1) of the IT Act, 1961. The case was selected for scrutiny under CASS for\nlimited scrutiny under section

SAJJAD ALI,CHITTORGARH vs. DCIT(INTL)- JAIPUR, JAIPUR

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

gain from sale of flat—Assessee has reflected that same in its capital account—Further in response to letter issued by AO during assessment proceedings, assessee submitted his reply explaining reason for increase in capital—However, Pr. CIT exercising jurisdiction under section 263, directed AO to make fresh assessment on issues which were not subject matter of limited scrutiny—Since

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)

Section 148, vide order dated 22.12.2016, at a total income of Rs. 7,46,34,945, resulting from additions of Rs.7,45,22,506 [AO Order Page 8]. II. Against the order passed by the ld. AO, assessee preferred appeal before ld. CIT(A), who vide order dated 05.09.2019, in Appeal No. 434/2016-17, deleted the additions of Rs. 7.20 crores

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)

Section 148, vide order dated 22.12.2016, at a total income of Rs. 7,46,34,945, resulting from additions of Rs.7,45,22,506 [AO Order Page 8]. II. Against the order passed by the ld. AO, assessee preferred appeal before ld. CIT(A), who vide order dated 05.09.2019, in Appeal No. 434/2016-17, deleted the additions of Rs. 7.20 crores

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

In the result the appeal of the assessee is allowed

gain is very much evident as the land was divided into smaller plots and almost simultaneously sold out to various persons points towards the fact that the transaction comes under the ambit of adventure in nature of trade. In this regard, reliance is placed on Hon'ble Supreme Court decision in the case of G.Venkatswamy Naidu

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

In the result, the appeal of the assessee is allowed

200/- The assessee had claimed exempt income on\naccount of Long Term Capital Gain u/s.10(38) of the Income Tax Act, 1961.\n\n5.2 A notice u/s.148 was issued on 28.09.2016. However, no return/response\nwas received from the assessee. Thereafter, a final show cause notice\nmentioning the reason for reopening of the assessment along with notice u/s\n142

SMT. VINEETA KUMAR,C-13, DEEPAK MARG, M.D. RAOD, JAIPUR vs. ITO, WARD-7(1), JAIPUR

In the result, the appeal of the assessee is allowed for statistical

section 10(38) and accordingly made addition of Rs. 3,38,161/-. Aggrieved by the order of A.O., the assessee preferred appeal before the ld. CIT (A). Before ld. CIT (A) assessee submitted that through long term capital gain of Rs. 3,38,161/- on sale of ICICI Bond is chargeable to tax but the same is required

GIRIRAJ PRASAD,KOTA vs. INCOME TAX OFFICER, BUNDI

In the result, the appeal of the assessee is allowed

Capital Gain Account Scheme latest by\nthe due date of filing ITR for the relevant assessment year i.e. 31 .08.2015.\n2.5 Therefore, the AO was not justified and correct in accepting the assessee's contentions\nin respect of the Deduction so claimed u/s 54Fof the Act amounting to Rs.56,12,3961- as\nthe same were not supported by documentary evidences

ASSISSTANT COMMISSIONER OF INCOME TAX, AJMER vs. SHREE CEMENT LTD, BEAWAR

section 80IA(8) of the Act.\n30.10. Considering that TPO has disputed the Grid rate not to be\nthe market value in terms of provisions of Section 80A(6) of the\nAct, we would like to state here that that unlike Section 80IA(8),\nthe word \"OR\" is missing in provisions of Section 80A(6) of the\nAct

SH. KESAR LAL BAIRWA,A-24, VARUN COLONY, MANDARA STAND, NEW SANGANER ROAD, MANSAROVAR, JAIPUR vs. ITO, WARD-2(4), JAIPUR

In the result, appeal of the assessee is dismissed

Bench: HON’BLE SHRI SANDEEP GOSAIN (Judicial Member)

200/- to the income declared by the assessee. On appeal, the ld. CIT (A) allowed part relief by holding that section 56(2)(iii) of the IT Act brings to tax interest on compensation or enhanced compensation and the same is taxable on receipt basis subject to deduction of 50% under section 57(vi) and accordingly he directed