ACIT, JAIPUR vs. STATE BANK OF BIKANER & JAIPUR, JAIPUR

Appeal is dismissed

Gains of business or profession.” Then, a look at section 36(1)(iii) does show, that the deduction pari material in terms of erstwhile section 19 is admissible under this clause. For the present purpose sections 20 and 21, as they earlier existed are not relevant for the present controversy. 1. It is in this background, that the ld. Tribunal

INTEGRAL URBAN CO-OPERATIVE BANK LTD.,JAIPUR vs. INCOME TAX OFFICER, WARD-2-1, JAIPUR

In the result, the appeal is partly allowed

Bench: Us. In This Appeal, The Assessee Bank Has Taken The Following Grounds Of Appeal:-

viia) of the Act on the final taxable income. 2. That the CIT(A) erred in law and on facts in not directing the AO to recalculate the net profit after relief granted in other grounds of appeal and then allow deduction u/s 36(1)(viii) confirming the disallowance of depreciation of Rs. 11,11,243/- 3. That

M/S SHRI SIDDHI VINAYAK INDUCTION P. LTD.,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3, JAIPUR

In the result ITA NO. 01/JPR/2021 for A

capital receipt. The moment the service tax is realized, it becomes payable to the Govt. account and if it is not paid, it partakes the character of income of the assessee, since the assessee could utilize this amount in any manner whatsoever, there is no restriction placed on its utilization. This is amply clear from the TDS certificate furnished

SHREE SIDDHI VINAYAK INDUCTIONS PVT. LTD.,JAIPUR vs. DCIT, CENTRAL CIRCLE-3, JAIPUR

In the result ITA NO. 01/JPR/2021 for A

capital receipt. The moment the service tax is realized, it becomes payable to the Govt. account and if it is not paid, it partakes the character of income of the assessee, since the assessee could utilize this amount in any manner whatsoever, there is no restriction placed on its utilization. This is amply clear from the TDS certificate furnished

SHREE SIDDHI VINAYAK INDUCTION PVT. LTD.,JAIPUR vs. DCIT, JAIPUR

In the result ITA NO. 01/JPR/2021 for A

capital receipt. The moment the service tax is realized, it becomes payable to the Govt. account and if it is not paid, it partakes the character of income of the assessee, since the assessee could utilize this amount in any manner whatsoever, there is no restriction placed on its utilization. This is amply clear from the TDS certificate furnished

DCIT, CENTRAL CIRCLE, AJMER vs. M/S SILVERTOSS COMMODITIES PVT. LTD., KOLKATA

The appeals of the revenue stand dismissed and the cross objections of the assessee are partly allowed

capital gain. The order of the CIT (A), affirmed by the ITAT, deleting the addition, was not interfered with." 59. In Kabul Chawla (supra), the Court referred to the decision of the Rajasthan High Court in Jai Steel (India) v. Asstt. CIT [2013] 36 taxmann.com 523/219 Taxman 223. The said part of the decision in Kabul Chawla (supra) in paras

FINOVA CAPITAL PRIVATE LIMITED,JAIPUR vs. PCIT-1, JAIPUR, JAIPUR

Bench: The Date Of Hearing.”

Gains u/s. 111A iii. Refund Claim iv. Share Premium v. Disallowance u/s. 40A(7)(Gratuity provision) vi. Share Capital / Other Capital 5 Finova Capital Pvt. Ltd. vs. PCIT During the assessment proceedings u/s 143(3) of IT act, 1961, assessee company has duly submitted reply along with all required documents and clarification as required by the Ld. AO. Upon verification

A DAGA ROYAL ARTS,JAIPUR vs. ITO, JAIPUR

In the result, the appeal of the assessee is allowed

capital asset, being investments, are not covered by the provisions of section 40A(3) of Act. Regarding AO’s observation that the auditors have mentioned that the assessee is engaged in the real estate business, it was submitted that the auditors have rightly mentioned their real estate business and nothing adverse could have been inferred by the AO because