NIRMAL KUMAR AGRAWAL,JAIPUR vs. DCIT, CIRCLE - 4 , JAIPUR

In the result, the appeal of the assessee is allowed

section 45 and 254, of the Income-tax Act, 1961 - Cash credit(Condonation of delay) - Assessment year 2007-08 - Commissioner (Appeals) passed an order upholding capital gain

HARISH SHARMA HUF,B-1, PATODIYA MARG, SHASTRI NAGAR, JAIPUR vs. ITO, WARD-5(3), JAIPUR

In the result the appeal of the assessee is dismissed

capital gains. In the report of the investigation wing listed penny stocks companies were indentified which were used for generating bogus LTCG and in this list name of the company is appearing at Sr. No. 69. The ld. DR further based on that report submitted that in the script CRESSANDA SOLUTIONS LTD total trade

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

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

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

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

CAPITAL GAIN LONG TERM amount was disclosed due to multiple charts/share/sale transactions; for which separate charts for Cost per Sq. Yard/sale value (including section 50C 8 ITA No. 254

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

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

Capital gain of Rs. 14161287/- assessed by him. 3.1 It is evident from assessment order that assessee put forth his claim for allowability of deduction u/s 54B and 54F before Ld. A.O. and produce before him copy of purchase deed of agricultural land for purchase of agricultural land for Rs. 1,36,40,000/- for allowable deduction

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

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)

capital gain, without appreciating material facts of the case.” 8. In support of the appeal of the revenue and to substantiate the view taken by the ld. CIT(A) the ld. AR of the assessee submitted an application under rule 29 of the ITAT Rules, 1963 for admission of additional evidence. The contention the application is reproduced here in below

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)

capital gain, without appreciating material facts of the case.” 8. In support of the appeal of the revenue and to substantiate the view taken by the ld. CIT(A) the ld. AR of the assessee submitted an application under rule 29 of the ITAT Rules, 1963 for admission of additional evidence. The contention the application is reproduced here in below

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

In the result, the appeal of the assessee is allowed

capital gain (LTCG, in short) of Rs.\n1,37,83,051/- declared by assessee on account of sale of shares of M/s Splash Media\n& Infra Ltd(SMIL) now known as M/s Luharuka Media & Infra Ltd in her return of\nincome as bogus and further addition of Rs.8,51,610/- was made u/s 69C by alleging\nthe same as payment