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

BITTHAL DAS PARWAL,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3 , JAIPUR

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

Bench: Him. 2. In This Appeal, The Assessee Has Raised The Following Grounds: -

260/-. 3.1 During the course of assessment proceedings, it was observed from the return of income filed u/s 139 and 153A of the Income tax Act, 1961 that the assessee has not shown any income derived from long term capital gain from shares in the return filed u/s 139 of the IT Act. Further, the assessee filed his return

YOGESH DAS,JAIPUR vs. ITO, JAIPUR

260/- on 25.03.2015. Now, in its computation of income filed with the return of income, the appellant has declared long term capital gains from the two immovable properties sold during the year under consideration at Rs. 44,35,733/-. (iii) During the assessment proceedings, the appellant sought reasons for issue of notice u/s 148 of the Act which were provided

INCOME TAX OFFICER, WARD-2-3, JAIPUR vs. SHRI GAURAV BAGARIA, JAIPUR

260 (Ahmedabad - Trib.) in IT APPEAL NOS, 810 TO 815 86 922 TO 926 (AHD.) OF 2015 & others - Tula! 11 Appeals ror A Ys 2006-07 & 2008-09 Date of Hearing : 20/10/2016 / Date of Pronouncement: 21/10/2016 held as under: 13 Shri Gaurav Bagaria, Jaipur. Section 10(38), read with section 147, of the Income-tax Act, 1961 - Capital gains

M/S ANGEL INFRASTRUCTURE (P) LTD.,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, JAIPUR

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

capital loss was a preconceived design to avoid tax liability on the capital gain arising from sale of shares as well as other income. The assessee instead of transferring the shares to the group concern without any consideration would have requested for extension of time for making the payment of final call money of Rs. 9.90 crores as all these

ASSISTANT COMMISSIONER OF INCOME TAX , CIRCLE-2, JAIPUR vs. M/S. ANGEL INFRASTRUCTURE PRIVATE LIMITED, JAIPUR

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

capital loss was a preconceived design to avoid tax liability on the capital gain arising from sale of shares as well as other income. The assessee instead of transferring the shares to the group concern without any consideration would have requested for extension of time for making the payment of final call money of Rs. 9.90 crores as all these

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)

260 (Delhi) also hold that in order to justify the assumption of jurisdiction under Section 153C of the Act the documents seized must be incriminating and must relate to each of the AYs whose assessments are sought to be reopened. Since the satisfaction note forms the basis for initiating the proceedings under Section

SHREE CEMENT LIMITED,BEAWAR vs. NATIONAL FACELESS ASSESSMENT CENTRE, DELHI

In the result, the appeal of the Revenue in ITA No

Bench: or at the time of hearing of this appeal.

Section 80IA(8), the word "OR" is missing in provisions of Section 80A(6) of the ACIT vs. Shree Cement Ltd. Act. It is noted that as per provisions of Section 80A(6), if any goods or services whether sold or acquired falls within the category specified domestic transactions of Section 92BA then in such case it is mandatory

SHREE CEMENT LIMITED,BEAWAR vs. NATIONAL FACELESS ASSESSMENT CENTRE, DEPUTY COMMISSIONEROF INCOME TAX, CIRCLE -2, AJMER, AJMER

In the result, the appeal of the Revenue in ITA No

Bench: or at the time of hearing of this appeal.

Section 80IA(8), the word "OR" is missing in provisions of Section 80A(6) of the ACIT vs. Shree Cement Ltd. Act. It is noted that as per provisions of Section 80A(6), if any goods or services whether sold or acquired falls within the category specified domestic transactions of Section 92BA then in such case it is mandatory

TARA SONI,DAUSA vs. ITO WARD, DAUSA, DAUSA

In the result, the appeal filed by the appellant stands allowed with no orders\nas to cost

Capital Gains.”\nc)\nBench)\nBhavesh Shambhulal Somani, ITA No. 2263/Ahd/2015, (ITAT Ahmedabad\n“Further even on merits also assessee has proved genuineness of the transaction by\nproviding necessary details and documents in the form of contract note, demat a/c, bank\nstatement and NSE details and proved that the impugned transaction was not entered\nthrough accommodation entry provider namely Mahasagar Securities

ALOK KUMAR JAIN ,PEARL PLEASURE vs. ACIT CIR-6, JAIPUR, NEW CERNTRAL REVENUE BUILDING, BHAGWAN DASS ROAD, JAIPUR, RAJASTHAN,

Bench: Him.

Section 10(38) of the Act as far as claim of exemption of capital gain is concerned. Moreover, agricultural claim is also justified and no further addition required, when after due verification, the basis of exemption is found correct and justified. Since the very basis of proceeding is non-existent and found to be non-existent despite there being lack

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)

260/- per sq. yd. 5 Kesar Lal Bairwa, Jaipur. but the Hon’ble High Court vide order dated 22.03.1999 reduced it to Rs. 100/- per sq. yard and additionally directed to consider allotment of 25% of the developed land. The Hon’ble Supreme Court vide para 57 of its order approved the compensation

RENU PODDAR,JAIPUR vs. PRINCIPAL COMMISSIONER OF INCOME TAX-2, JAIPUR

In the result the appeal of the assessee is allowed

capital gain of Rs.1,89,79,851/- was claimed as deduction u/s section 54F of the Act. It was observed that deduction u/s 54F of Rs. 1,14,93,260

LAL SINGH NADERIA,JAIPUR vs. ITO, JAIPUR

Bench: SHRI SANDEEP GOSAIN (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

section 50C (40% share) Rs. 77,67,931/- Less: 1. Indexed cost of acquisition as shown by the assessee. Rs. 2,38,853/- 2. Expesnes on account of patta and registration charges paid to JDA Rs. 9,53,640/- Long term capital gain Rs. 65,75,438/- Deduction u/s 54 Investment in new asset Rs. 32,09,810/- (Purchase consideration

TEJ PAL SINGH,REENGUS vs. INCOME TAX OFFICER, WARD NEEM KA THANA, NEEM KA THANA

Appeal of the assessee is allowed for statistical purposes

Bench: Me That The Capital Gain Earned On This Land Acquired By Nhai Was Exempt In Terms Of Provision Section 10 Sub-Section (37) Of The Act. He Drew My Attention To The Relevant Provision Of Section 10(37) Of The Act As Under:-

260 per sq. meters which were acquired by National Highway Authority and compensation amounting to Rs.5,89,563/- received by the assessee during the impugned assessment year. Learned counsel for the assessee contended before me that the capital gain earned on this land acquired by NHAI was exempt in terms of provision Section

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3, JAIPUR vs. SHRI NITIN KEDIA, JAIPUR

In the result, appeals of the revenue are dismissed whereas the appeals of the assessee are allowed in part in terms indicated hereinabove

Section 153A of the Act, the A.O. made addition of Rs. 1,22,26,044/- on account of alleged unaccounted business income alleged to be earned on sales of plots in Kediaz Corridor computed on the basis of noting found on Page No. 13- 19 of AS-9 impounded u/s 133(6) from M/s Kedia Real Estate LLP, Shop

SHRI NIRMAL KUMAR KEDIA,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3, JAIPUR

In the result, appeals of the revenue are dismissed whereas the appeals of the assessee are allowed in part in terms indicated hereinabove

Section 153A of the Act, the A.O. made addition of Rs. 1,22,26,044/- on account of alleged unaccounted business income alleged to be earned on sales of plots in Kediaz Corridor computed on the basis of noting found on Page No. 13- 19 of AS-9 impounded u/s 133(6) from M/s Kedia Real Estate LLP, Shop

DEPUTY COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-3, JAIPUR vs. SHRI NIRMAK KUMAR KEDIA,, JAIPUR

In the result, appeals of the revenue are dismissed whereas the appeals of the assessee are allowed in part in terms indicated hereinabove

Section 153A of the Act, the A.O. made addition of Rs. 1,22,26,044/- on account of alleged unaccounted business income alleged to be earned on sales of plots in Kediaz Corridor computed on the basis of noting found on Page No. 13- 19 of AS-9 impounded u/s 133(6) from M/s Kedia Real Estate LLP, Shop