BALVEER SINGH,JAIPUR vs. ITO WARD 3(3) JAIPUR, INCOME TAX DEPARTMENT

capital gains. The Tribunal decided to set aside the appeal to the CIT(A) for fresh adjudication to provide the assessee with a sufficient opportunity to present evidence and submissions.", "result": "Allowed", "sections": [ "143(3)", "147", "148", "142(1)", "145(3)", "271(1)(c)", "271(1)(b)", "271B

ASHUTOSH BHARGAVA,JAIPUR vs. PR.CIT-2, JAIPUR

In the result, this appeal of the assessee is allowed

capital gain bonds of NHAI in demat form copy of relevant part of demat account in HDFC bank was filed before the ld. AO(PB43) and Also vide bank statements entries dt.06.10.2015(PB33,19) is also enclosed herewith. Hence it cannot be said that that no documentary evidence is filed. Also acknowledgement of our reply enclosed(PB18) 25 ITA 20/JP/2021_

URBAN IMPROVEMENT TRUST,NEAR CAD CIRCLE vs. NATIONAL FACELESS APPEALS CENTRE, DELHI

In the result, the appeal of the assessee is allowed

gains of business incidental to the attainment of objects shall be maintained in compliance to section 11(4A) of the Income-tax Act, 1961. 4- U;kl@lkslk;Vh@vykHkdkjh dEiuh@laLFkku dks izR;sd o"kZ] vk;dj vf/kfu;e esa fu/kkZfjr le; lhek esa vk; dh fooj.kh izLrqr djuh gksxhA The Trust/Society/Non-profit Company/Institution should furnish a return

URBAN IMPROVEMENT TRUST,NEAR CAD CIRCLE vs. NATIONAL FACELESS APPEALS CENTRE, DELHI

In the result, the appeal of the assessee is allowed

gains of business incidental to the attainment of objects shall be maintained in compliance to section 11(4A) of the Income-tax Act, 1961. 4- U;kl@lkslk;Vh@vykHkdkjh dEiuh@laLFkku dks izR;sd o"kZ] vk;dj vf/kfu;e esa fu/kkZfjr le; lhek esa vk; dh fooj.kh izLrqr djuh gksxhA The Trust/Society/Non-profit Company/Institution should furnish a return

URBAN IMPROVEMENT TRUST,NEAR CAD CIRCLE vs. NATIONAL FACELESS APPEALS CENTRE, DELHI

In the result, the appeal of the assessee is allowed

gains of business incidental to the attainment of objects shall be maintained in compliance to section 11(4A) of the Income-tax Act, 1961. 4- U;kl@lkslk;Vh@vykHkdkjh dEiuh@laLFkku dks izR;sd o"kZ] vk;dj vf/kfu;e esa fu/kkZfjr le; lhek esa vk; dh fooj.kh izLrqr djuh gksxhA The Trust/Society/Non-profit Company/Institution should furnish a return

URBAN IMPROVEMENT TRUST,NEAR CAD CIRCLE vs. NATIONAL FACELESS APPEALS CENTRE, DELHI

In the result, the appeal of the assessee is allowed

gains of business incidental to the attainment of objects shall be maintained in compliance to section 11(4A) of the Income-tax Act, 1961. 4- U;kl@lkslk;Vh@vykHkdkjh dEiuh@laLFkku dks izR;sd o"kZ] vk;dj vf/kfu;e esa fu/kkZfjr le; lhek esa vk; dh fooj.kh izLrqr djuh gksxhA The Trust/Society/Non-profit Company/Institution should furnish a return

URBAN IMPROVEMENT TRUST,CAD CIRCLE vs. NATIONAL FACELESS APPEALS CENTRE, DELHI, DELHI

In the result, the appeal of the assessee is allowed

gains of business incidental to the attainment of objects shall be maintained in compliance to section 11(4A) of the Income-tax Act, 1961. 4- U;kl@lkslk;Vh@vykHkdkjh dEiuh@laLFkku dks izR;sd o"kZ] vk;dj vf/kfu;e esa fu/kkZfjr le; lhek esa vk; dh fooj.kh izLrqr djuh gksxhA The Trust/Society/Non-profit Company/Institution should furnish a return

URBAN IMPROVEMENT TRUST,CAD CIRCLE vs. NATIONAL FACELESS APPEALS CENTRE, DELHI

In the result, the appeal of the assessee is allowed

gains of business incidental to the attainment of objects shall be maintained in compliance to section 11(4A) of the Income-tax Act, 1961. 4- U;kl@lkslk;Vh@vykHkdkjh dEiuh@laLFkku dks izR;sd o"kZ] vk;dj vf/kfu;e esa fu/kkZfjr le; lhek esa vk; dh fooj.kh izLrqr djuh gksxhA The Trust/Society/Non-profit Company/Institution should furnish a return

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 HARSHAD MEHTA,JAIPUR vs. PRINICIPAL COMMISSIONER OF INCOME TAX-1, JAIPUR

capital gain and not liable to provisions of Section 50C, was accepted by AO without critical examination. 5. The ld. PCIT, Jaipur-1 has erred in setting aside the order u/s 143(3) on the basis of an audit objection which she says had only supplemented her decision. 6. The ld. PCIT, Jaipur-1 has erred in holding that

SH. ASHOK KUMAR PORWAL,JHALAWAR vs. JCIT, RANGE-1, KOTA, KOTA

In the result, appeal of the assessee is partly allowed

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

capital gain (LTCG) on sale of shares which was claimed as exempt under section 10(38), since said transactions of sale and purchase of shares were admitted by assessee and it had not brought on record anything to suggest that reassessment proceedings were being undertaken in arbitrary manner, impugned reopening notice was justified [2023] 152 taxmann.com

RAGHAV COMMODITIES,JAIPUR vs. ITO WARD 6(2), JAIPUR

In the result, the appeal of the assessee is partly allowed as indicated

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

section 147 r.w.s 144B of the Income Tax Act, [ for short “AO”] by Faceless Assessment Unit. 2 Raghav Commodities vs. ITO 2. In this appeal, the assessee has raised following grounds: - “1. On the facts and in the circumstances of the case and in law, Id. CIT(A) has grossly erred in confirming the reopening the assessment

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

In the result, appeal of the assessee is dismissed

capital gain amount to Rs. 2,39,25,064/-. After reopening the A.O. found that as per trading account of shares filed by the assessee, total sales of the assessee is Rs. 3,99,96,449/- for the year under consideration. But the assessee failed to keep and maintain any such books of account and other documents as required

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

In the result, appeal of the revenue is dismissed

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

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