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

234B, and 234C of the IT Act. 4.4 The appellant has filed detailed submissions. It is stated that vide a certificate no. 4/26/56-Po11.III of Ministry of Home Affairs, Po11 III Section intimated vide letter dated 12th November, 1958, exemption from income tax was given to the trust. The appellant has stated that AO has failed to appreciate that Section

RAMAKANT SHARMA,JAIPUR vs. ITO, JAIPUR

In the result, appeal of the assessee is allowed

Bench: Shri Sandeep Gosain, Jm & Shri Vikram Singh Yadav, Am Vk;Dj Vihy La-@Ita No. 264/Jp/2017 Assessment Year: 2007-08 Shri Ramakant Sharma, Cuke I.T.O., Vs. S/O- Shri Ramesh Chand Sharma, 1 Ward-3(5), Vimal Kunaj, Vidyut Nagar, Behind Jaipur. Bharat Petrol Pump, Jaipur. Pan No.: Bjrps 5130 A Vihykfkhz@Appellant Izr;Fkhz@Respondent Fu/Kzkfjrh Dh Vksj Ls@ Assessee By : Shri Vedant Agarwal (Adv) & Shri Satish Gupta (Ca) Jktlo Dh Vksj Ls@ Revenue By : Shri Ambrish Bedi (Cit-Dr) Lquokbz Dh Rkjh[K@ Date Of Hearing : 26/11/2020 Mn?Kks"K.Kk Dh Rkjh[K@ Date Of Pronouncement : 07/12/2020 Vkns'K@ Order Per: Sandeep Gosain, J.M. The Present Appeal Has Been Filed By The Assessee Against The Order Of The Ld. Cit(A)-1, Jaipur Dated 05/12/2016 For The A.Y. 2007-08. Following Grounds Have Been Taken By The Assessee: “1. On The Facts & Circumstances Of The Case & In Law Also Ld. Lower Authorities Grossly Erred In Initiating Reassessment Proceedings U/S 147 Of The Act. 2. On The Facts & Circumstances Of The Case & In Law Also Ld. A.O. Grossly Erred In Resuming Jurisdiction Without Serving Notice U/S 148 On The Appellant Assessee As Notice Issued U/S 148 Was Not Served On The Appellant.

Capital Gains. 8. On the facts & circumstances of the case Ld. CIT (A) also grossly erred in not fully accepting additional evidence filled by the assessee. 9. On the facts & circumstances of the case and law also ld. CIT (A) grossly erred in not admitting the agreement to sale dated 22.01.2006 as an addition evidence under rule

SHRI RAM NARAIN YADAV,JAIPUR vs. INCOME TAX OFFICER, WARD-3-2, JAIPUR

In the result, both the appeals of the assessee are partly allowed for

capital gains made by the Assessing Officer. The said action is illegal and unjustified. 6. That the learned CIT (Appeals) has erred in confirming the charging of interest u/s 234B of the IT Act. The said action is illegal and unjustified.” Ground Nos. 1 & 2 are regarding validity of initiation of proceedings under section 147/148 of the IT Act. Shri

SHRI RAM NARAIN YADAV,JAIPUR vs. INCOME TAX OFFICER, WARD-3-2, JAIPUR

In the result, both the appeals of the assessee are partly allowed for

capital gains made by the Assessing Officer. The said action is illegal and unjustified. 6. That the learned CIT (Appeals) has erred in confirming the charging of interest u/s 234B of the IT Act. The said action is illegal and unjustified.” Ground Nos. 1 & 2 are regarding validity of initiation of proceedings under section 147/148 of the IT Act. Shri

GOVERDHAN SIGH SHEKHAWAT,JAIPUR vs. ITO, JAIPUR

234B & 234D of the Act and as also in withdrawing interest u/s 244A of the Act. The appellant totally denies its liability for charging and withdrawal of any such interest. The interest so charged/withdrawn, being contrary to the provisions of law and facts, kindly be deleted in full.” 2. Briefly stated, the facts of the case are that during

DCIT, JAIPUR vs. JADAU JEWELLERS & MFG (P) LTD., JAIPUR

In the result, the appeals filed by the assessee are partly allowed and that of the Revenue are dismissed

gains of business or profession under sub-section (3) and this sub-section where a payment or aggregate of payments made to a person in a day, otherwise than by account payee cheque drawn on a bank or account payee bank draft, exceeds twenty thousand rupees, in such case and under such circumstances as may be prescribed, having regard

BHOPAL SINGH SHEKHAWAT,JAIPUR vs. ITO, JAIPUR

Capital Gain (LTCG) Rs.7,57,192/-: 3.1 The Id. CIT(A) seriously erred in law as well as on the facts of the case in confirming the addition of LTCG of Rs. 7,57,192/- irt plots No.157-A & 157-B which were sold for & on behalf of Mohd. Irshad and also in holding the appellant to be the beneficiary owner

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 by not allowing the registry charges of Rs. 4,55,540/-(while allowing the deduction claimed u/s. 54B of the Act for purchase of agriculture land of Rs. 70,00,000/-). The disallowance so made and confirmed by the Id. CIT (A), being contrary to the provisions of law and the established facts, kindly be deleted in full

SHRI LALIT KUMAR KALWAR,SARWAR vs. INCOME TAX OFFICER, AJMER

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

3. That on the facts and in the circumstances of the case, the ld. CIT (A) grossly erred in sustaining the addition made by the ld AO in respect of long term capital gain without giving proper benefit of indexation and deduction u/s 54F of the Act. 4. That on the facts and in the circumstances of the case

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 gains were disclosed by the appellant in the income tax return for the year under appeal. There is no addition w.r.t. sale consideration. The regular scrutiny assessment for the year under appeal had already been completed wherein no addition has been made on the issue. Even in the satisfaction note although the reference to seize documents in the form

RAKESH KUMAR JAIN,JAIPUR vs. DCIT,CIRCLE-2, JAIPUR, JAIPUR

In the result, the appeal filed by the assessee is allowed

Bench: Or At The Time Of Hearing Of The Appeal & / Or Modify Any Of The Above Grounds.

capital gain Rs.1,14,75,791/-, Gross Total Income Rs.1,15,64,875/- Less: Deduction under Chapter VI-A Rs. 89,084/- Restricted to Income other than LTCG –Total Income Rs. 1,14,75,791/-, R/o Rs.1,14,75,790/- Assessed u/s 143(3) of the I.T. Act at Rs.1,14,75,790/-. Issue demand notice and challan. Charged interest

BALWANT YADAV,JAIPUR vs. ITO, ALWAR

In the result, both the appeals of the assessees are allowed

234B, 234C & 234D of the Act and as also in withdrawing interest u/s 244A of the Act. The appellant totally denies its liability of charging and withdrawal of any such interest. The interest so charged/withdrawn, being contrary to the provisions of law and facts, kindly be deleted in full. ITA 414 & 415/JP/2017_ 4 Balwant Yadav Vs. ITO 2. Since

SATBIR YADAV,JAIPUR vs. ITO, ALWAR

In the result, both the appeals of the assessees are allowed

234B, 234C & 234D of the Act and as also in withdrawing interest u/s 244A of the Act. The appellant totally denies its liability of charging and withdrawal of any such interest. The interest so charged/withdrawn, being contrary to the provisions of law and facts, kindly be deleted in full. ITA 414 & 415/JP/2017_ 4 Balwant Yadav Vs. ITO 2. Since

MUSTAFA KATTHAWALA,KOTA vs. DCIT ACIT, CIRCLE-2, KOTA, KOTA

In the result, the appeal of the assessee is allowed for\nstatistical purposes

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI, AM\nआयकर अपील सं./ITA. No. 1156/JPR/2024\nनिर्धारण वर्ष / Assessment Years : 2015-16\nMustafa Katthawala\nProp. Shakti Steels, Near Reliance\nPetrol Pump Jhalawar Road, IPIA\nKota.-324005.\nबनाम | The DCIT/ACIT,\nVs.\nCircle-2,\nKota.\nस्थायी लेखा सं./ जीआईआर सं./PAN/GIR No.: AGPPK5043C\nअपीलार्थी / Appellant\nप्रत्यर्थी / Respondent\nनिर्धारिती की ओर से / Assessee by :Shri Devang Gargieya, Adv.\nराजस्व की ओर से / Reven

section 147 r.w.s.\n144 r.w.s.144B of the Income Tax Act, 1961 (for short Act).\n2.\nThe assessee has raised the following grounds: \n“1. 1. The impugned additions and disallowances made in the order u/s\n147 r.w.s 144 dated 31.03.2023 are bad in law and on facts of the\ncase, for want of jurisdiction and various other reasons and hence

ROSHAN LAL,ALWAR vs. INCOME TAX OFFICER, BHIWADI

Appeal of the assessee is allowed for

Bench: The Hon'Ble Income Tax Appellate Tribunal, Jaipur.

capital asset under Section 2(14) of the Act, the appellant, being a layperson with limited financial literacy and no prior knowledge of tax laws, genuinely believed that the transaction was entirely tax-exempt. Accordingly, he did not file an ITR for the said year, under the bona fide belief that no tax liability arose from the transaction. 3

YOGESH GINNING MILL, PROP. YOGESH CHAND GUPTA,GOVINDGARH vs. ACIT, ALWAR

In the result, the appeals filed by the assessee are allowed

Bench: This Tribunal Which Were Passed By The Commissioner Of Income Tax (Appeal)- 4, Jaipur [ For Short Cit(A) ] Passed On Dates & F For The Assessment Years Mentioned As Tabulated Here In Below, In Turn Those Orders Were Arises Because The Assessee Has Yogesh Ginning Mill Vs. Acit

capital account along with schedules 5. List of unsecured loans 6. Copy of Aadhar Card of person from whom unsecured loan is outstanding. 7. List of Sundry debtors and sundry creditors along with their ledgers. 8. Details of loan and advance along with ledgers. 9. Item wise purchase on monthly basis. Yogesh Ginning Mill vs. ACIT 10. Item-wise sales

YOGESH GINNING MILL, PROP. YOGESH CHAND GUPTA,GOVINDGARH vs. ACIT, CIRCLE I, ALWAR

In the result, the appeals filed by the assessee are allowed

Bench: This Tribunal Which Were Passed By The Commissioner Of Income Tax (Appeal)- 4, Jaipur [ For Short Cit(A) ] Passed On Dates & F For The Assessment Years Mentioned As Tabulated Here In Below, In Turn Those Orders Were Arises Because The Assessee Has Yogesh Ginning Mill Vs. Acit

capital account along with schedules 5. List of unsecured loans 6. Copy of Aadhar Card of person from whom unsecured loan is outstanding. 7. List of Sundry debtors and sundry creditors along with their ledgers. 8. Details of loan and advance along with ledgers. 9. Item wise purchase on monthly basis. Yogesh Ginning Mill vs. ACIT 10. Item-wise sales

REGHUVEER SINGH TANWAR,JAIPUR vs. DCIT, JAIPUR

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

Capital Gain and the impugned addition be deleted. 4. The ld. DVO erred in law as well as on the facts of the case in not judiciously appreciated the objection raised and in particular of the admitted fact that in record of the Jaipur Development Authority (JDA), the character of the land still continues to be a residential property