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7 results for “capital gains”+ Section 271Aclear

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Mumbai11Jaipur7Ahmedabad6Rajkot4Delhi4SC3Bangalore3Indore3Chennai2Chandigarh2Kolkata1Hyderabad1

Key Topics

Section 271B12Section 44A8Section 1476Section 1485Section 143(2)4Section 271A4Addition to Income4Penalty4Section 50C2Section 143(3)

MANPHOOL SINGH,JAIPUR vs. ITO WARD 6(2), JAIPUR

In the result, the appeal of the assessee is allowed

ITA 748/JPR/2023[2014-15]Status: DisposedITAT Jaipur07 Feb 2024AY 2014-15

Bench: The Appeal Hearing.”

For Appellant: Sh. Dev Arora (CA)For Respondent: Sh. Monisha Choudhary (Addl.CIT)
Section 143(2)Section 271B

capital gain. Hence it is simple case of difference in opinion. • Hon’ble Supreme Court in the case of CIT v. U.P. State Bridge Corpn. Ltd. [2018] 97 taxmann.com 278 held as under: where assessee had furnished certain details regarding expenditure as well as income in return, which were not found inaccurate, nor could be viewed as concealment of income

RAKESH KUMAR AGARWAL,JAIPUR vs. INCOME TAX OFFICER, WARD 4(4), JAIPUR, JAIPUR

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

2
ITA 330/JPR/2022[2012-2013]Status: DisposedITAT Jaipur06 Mar 2023AY 2012-2013

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

For Appellant: Shri Vishal Gupta (C.A.)For Respondent: Smt Monisha Choudhary (Addl. CIT) a
Section 133(6)Section 147Section 148Section 217BSection 271B

capital loss on account of trading in securities. The Ld. A.O also allegedly issued two show cause notices for imposing penalty under Section 271B (Paper Book Page 15 & Pages 16-17). However, one of the show cause notice allegedly dated 20.12.2019 was not uploaded on portal and was also not served in hard copy. The copy of screenshot of portal

OM PRAKASH SHARMA,SANGANER JAIPUR vs. WARD 4(3), JAIPUR, JAIPUR

In the result, for statistical purposes, the appeal is treated as allowed

ITA 43/JPR/2024[2015-16]Status: DisposedITAT Jaipur20 Aug 2024AY 2015-16
For Appellant: \nSh. Ashish SharmaFor Respondent: \nSh. Anoop Singh, Addl. CIT
Section 143(3)

section 143(3) of the Income Tax Act, by\nITO, Ward 4(3), Jaipur before him.\n2\nITA No. 43/JP/2024\nOm Prakash Sharma vs. ITO\nThe present is for the following grounds: -\n\"1. The A.O. erred in not following the principles of natural justice and in failing to\nprovide adequate and meaningful opportunity and ignoring the evidence on record

RAMAKANT SHARMA,JAIPUR vs. ITO, JAIPUR

In the result, appeal of the assessee is allowed

ITA 264/JPR/2017[2007-08]Status: DisposedITAT Jaipur02 Dec 2019AY 2007-08

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.

For Appellant: Shri Vedant Agarwal (Adv) &For Respondent: Shri Ambrish Bedi (CIT-DR)
Section 143(2)Section 147Section 148Section 50CSection 50C(2)

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 ARVIND SHARMA,JAIPUR vs. INCOME TAX OFFICER, WARD-1-3, JAIPUR

In the result, appeal of the assessee is dismissed

ITA 1040/JPR/2019[2012-13]Status: DisposedITAT Jaipur21 Nov 2019AY 2012-13
For Appellant: Shri Rajendra Agarwal (CA)For Respondent: Shri Manmohan Kandpal (ACIT)
Section 271ASection 271BSection 3Section 44A

271A of the Income Tax Act, 1961 (in short, the Act). 2 ITA 1040/JP/2019 Arvind Sharma Vs ITO 2. Rival contentions have been heard and record perused. Facts in brief are that the assessment was reopened on getting information that the assessee was taking bogus entries of long term capital gain amount to Rs. 2,39,25,064/-. After reopening

MANISHA GAHLOT,JAIPUR vs. ACIT WRAD 1(3) JAIPUR, JAIPUR

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

ITA 683/JPR/2023[2010-11]Status: DisposedITAT Jaipur15 Feb 2024AY 2010-11

Bench: Sh. Sandep Gosain & Dr. M. L. Meena

For Appellant: Sh. Arun Trivedi, CAFor Respondent: Sh. Monisha Chaudhary, Addl. CIT
Section 143(3)Section 271ASection 44A

gains and other sources which has been accepted by the ld. Assessing Officer (APB pg. 5-6). He contended that the assessee has submitted a copy of statement of IIFL for the period under consideration with the details of his share transactions and copy of bank pass book. After due verification of detailed documents filed, the AO has accepted

INCOME-TAX OFFICER, JAIPUR vs. INDU RATHORE, JAIPUR

In the result, appeal of the revenue is dismissed

ITA 515/JPR/2023[2017-18]Status: DisposedITAT Jaipur12 Dec 2023AY 2017-18

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

For Appellant: Shri Abhishek Dalmia, C.AFor Respondent: Shri Anup Singh, Addl. CIT a
Section 143(2)Section 69A

capital gain’’ and income from other sources. The notice u/s143(2) of the Act was issued on 09-08-2018 which was served upon the assessee through registered post and online ITBA portal and e-mail id. It is noticed that during the assessment year under consideration 07 3 ITO, WARD 6(4), JAIPUR VS SMT INDU RATHORE, JAIPUR notices