ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, KOTA, KOTA vs. CHAMBAL FERTILIZERS AND CHEMICALS LTD, KOTA

Bench: SHRI GAGAN GOYAL (Accountant Member), SHRI NARINDER KUMAR (Judicial Member)

254/- that was made by the Assessing Officer on account of disallowance of amount of loans and advances to subsidiary/group companies. Disallowance of contribution to DAV Trust Management Society Department has also challenged deletion of addition of Rs. 82,10,270/- made by the Assessing Officer by disallowing contribution to DAV Trust Management Society. ITAT No. 1099/JPR/2024

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, KOTA, KOTA vs. CHAMBAL FERTILIZERS AND CHEMICALS LTD, KOTA

Bench: SHRI GAGAN GOYAL (Accountant Member), SHRI NARINDER KUMAR (Judicial Member)

254/- that was made by the Assessing Officer on account of disallowance of amount of loans and advances to subsidiary/group companies. Disallowance of contribution to DAV Trust Management Society Department has also challenged deletion of addition of Rs. 82,10,270/- made by the Assessing Officer by disallowing contribution to DAV Trust Management Society. ITAT No. 1099/JPR/2024

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, KOTA, KOTA vs. CHAMBAL FERTILIZERS AND CHEMICALS LTD., KOTA

Bench: SHRI GAGAN GOYAL (Accountant Member), SHRI NARINDER KUMAR (Judicial Member)

254/- that was made by the Assessing Officer on account of disallowance of amount of loans and advances to subsidiary/group companies. Disallowance of contribution to DAV Trust Management Society Department has also challenged deletion of addition of Rs. 82,10,270/- made by the Assessing Officer by disallowing contribution to DAV Trust Management Society. ITAT No. 1099/JPR/2024

RAJRANI SINGHAL,BEAWAR vs. DCIT, CENTRAL CIRCLE, AJMER, AJMER

section 45(1) of Income Tax\nAct' 1961 states “Any profits or against arising from the transfer of a\nCAPITAL ASSET” shall be chargeable to Income Tax under the\nhead \"CAPITAL GAIN\".\nWhereas the A.O. & CIT(A) both have considered “SALE VALUE”\nas “CAPITAL GAIN”, whereas complete details were filed to A.O.\nduring assessment proceedings / u/sec. 154 even sale deed

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

capital gain tax levied by\nA.O. on the sale of said agricultural land is wrong and unjustified.\nIn view of the above discussion and evidence furnished by the Id. A/R, we find no\njustification to sustain the addition. Thus the additions made by the AO and sustained\nby the Id. CIT (A) in respect of both the agricultural lands

VINODKUMAR AGARWAL,AJMER vs. DCIT, CENTRAL CIRCLE, AJMER

CAPITAL GAIN LONG TERM amount\nwas disclosed due to multiple charts/share/sale transactions; for which\nseparate charts for Cost per Sq. Yard/sale value (including section 50C\n8\nITA No. 254

GANPATLAL AGARWAL,BEAWAR vs. DCIT, CENTRAL CIRCLE, AJMER, AJMER

section 45(1) of Income Tax\nAct' 1961 states “Any profits or against arising from the transfer of a\nCAPITAL ASSET” shall be chargeable to Income Tax under the\nhead "CAPITAL GAIN”.\nWhereas the A.O. & CIT(A) both have considered “SALE VALUE”\nas “CAPITAL GAIN”, whereas complete details were filed to A.O.\nduring assessment proceedings / u/sec. 154 even sale deed

GANPATLAL AGARWAL,BEAWAR vs. DCIT, CENTRAL CIRCLE, AJMER, AJMER

In the result, the appeal filed by the assessee is allowed for statistical purposes

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

section 45(1) of Income Tax Act’ 1961 states “Any profits or against arising from the transfer of a CAPITAL ASSET” shall be chargeable to Income Tax under the head “CAPITAL GAIN”. Whereas the A.O. & CIT(A) both have considered “SALE VALUE” as “CAPITAL GAIN”, whereas complete details were filed to A.O. during assessment proceedings / u/sec. 154 even sale deed

GANPATLAL AGARWAL,BEAWAR vs. DCIT, CENTRAL CIRCLE, AJMER, AJMER

In the result, the appeal filed by the assessee is allowed for statistical purposes

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

section 45(1) of Income Tax Act’ 1961 states “Any profits or against arising from the transfer of a CAPITAL ASSET” shall be chargeable to Income Tax under the head “CAPITAL GAIN”. Whereas the A.O. & CIT(A) both have considered “SALE VALUE” as “CAPITAL GAIN”, whereas complete details were filed to A.O. during assessment proceedings / u/sec. 154 even sale deed

RAJRANI SINGHAL,BEAWAR vs. DEPUTY COMMISSIONER OF INCOME TAX, AJMER

In the result, the appeal filed by the assessee is allowed for statistical purposes

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

section 45(1) of Income Tax Act’ 1961 states “Any profits or against arising from the transfer of a CAPITAL ASSET” shall be chargeable to Income Tax under the head “CAPITAL GAIN”. Whereas the A.O. & CIT(A) both have considered “SALE VALUE” as “CAPITAL GAIN”, whereas complete details were filed to A.O. during assessment proceedings / u/sec. 154 even sale deed

GANPATLAL AGARWAL,BEAWAR vs. DCIT, CENTRAL CIRCLE, AJMER, AJMER

section 45(1) of Income Tax\nAct' 1961 states “Any profits or against arising from the transfer of a\nCAPITAL ASSET” shall be chargeable to Income Tax under the\nhead \"CAPITAL GAIN\".\nWhereas the A.O. & CIT(A) both have considered “SALE VALUE”\nas “CAPITAL GAIN”, whereas complete details were filed to A.O.\nduring assessment proceedings / u/sec. 154 even sale deed

RAJRANI SINGHAL,BEAWAR vs. DEPUTY COMMISSIONER OF INCOME TAX, AJMER

In the result, all the appeals filed by the assessee are\nallowed for statistical purposes

section 45(1) of Income Tax\nAct' 1961 states “Any profits or against arising from the transfer of a\nCAPITAL ASSET” shall be chargeable to Income Tax under the\nhead \"CAPITAL GAIN”.\nWhereas the A.O. & CIT(A) both have considered “SALE VALUE”\nas “CAPITAL GAIN”, whereas complete details were filed to A.O.\nduring assessment proceedings / u/sec. 154 even sale deed

RAJRANI SINGHAL,BEAWAR vs. DEPUTY COMMISSIONER OF INCOME TAX, AJMER

In the result, all the appeals filed by the assessee are\r\nallowed for statistical purposes

section 45(1) of Income Tax\r\nAct' 1961 states “Any profits or against arising from the transfer of a\r\nCAPITAL ASSET” shall be chargeable to Income Tax under the\r\nhead \"CAPITAL GAIN”.\r\nWhereas the A.O. & CIT(A) both have considered “SALE VALUE”\r\nas “CAPITAL GAIN”, whereas complete details were filed to A.O.\r\nduring assessment

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, KOTA, KOTA vs. CHAMBAL FERTILIZERS AND CHEMICALS LTD., KOTA

254/- that was made by the Assessing Officer on account of\ndisallowance of amount of loans and advances to subsidiary/group\ncompanies.\nDisallowance of contribution to DAV Trust Management Society\nDepartment has also challenged deletion of addition of Rs.\n82,10,270/- made by the Assessing Officer by disallowing contribution to\nDAV Trust Management Society.\nITAT No. 1099/JPR/2024

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, KOTA, KOTA vs. CHAMBAL FERTILIZERS AND CHEMICALS LTD, KOTA

254/- that was made by the Assessing Officer on account of\ndisallowance of amount of loans and advances to subsidiary/group\ncompanies.\nDisallowance of contribution to DAV Trust Management Society\nDepartment has also challenged deletion of addition of Rs.\n82,10,270/- made by the Assessing Officer by disallowing contribution to\nDAV Trust Management Society.\nITAT No. 1099/JPR/2024

VINODKUMAR AGARWAL,AJMER vs. DCIT, CENTRAL CIRCLE, AJMER

In the result, the four appeals filed by the assessee are allowed for statistical purposes

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

section 45(1) of Income Tax Act 1961 states "Any profits or against arising from the transfer of a CAPITAL ASSET" shall be chargeable to Income Tax under the head "CAPITAL GAIN". Whereas the A.O. & CIT(A) both have considered "SALE VALUE" as "CAPITAL GAIN", whereas complete details were filed to A.O. during assessment proceedings/u/sec. 154 even sale deed

VINODKUMAR AGARWAL,AJMER vs. DCIT, CENTRAL CIRCLE, AJMER

In the result, the four appeals filed by the assessee are allowed for statistical purposes

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

section 45(1) of Income Tax Act 1961 states "Any profits or against arising from the transfer of a CAPITAL ASSET" shall be chargeable to Income Tax under the head "CAPITAL GAIN". Whereas the A.O. & CIT(A) both have considered "SALE VALUE" as "CAPITAL GAIN", whereas complete details were filed to A.O. during assessment proceedings/u/sec. 154 even sale deed

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). 2. In the first round, the case was selected for scrutiny supposedly, on the issue of examination of LTCG. Notices u/s 143(2) dt.18.09.2015 and thereafter notice u/s 142(1) were issued time to time which were duly replied and assessment was completed vide order