DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. SNEHLATA AGARWAL, SIKAR

In the result, the appeals of the revenue in ITA No

capital gains tax was not leviable but tax was leviable on interest earned on\nthe amount awarded on year to year basis.\n\n4.\nThe appellant through counsel sent a letter dated 17-9-1993 informing the ITO\nthat he had received interest amount of Rs.76,84,829 and interest accrued from\nyear to year was assessable in each year

DCIT, CENTRAL CIRCLE-1, JAIPUR , JAIPUR vs. USHA BANKA, SIKAR

In the result, the appeals of the revenue in ITA No

capital gains tax was not leviable but tax was leviable on interest earned on\nthe amount awarded on year to year basis.\n4. The appellant through counsel sent a letter dated 17-9-1993 informing the ITO\nthat he had received interest amount of Rs.76,84,829 and interest accrued from\nyear to year was assessable in each year. Year

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. PRIYA DEWAN, SIKAR

In the result, the appeals of the revenue in ITA No

capital gains tax was not leviable but tax was leviable on interest earned on\nthe amount awarded on year to year basis.\n4. The appellant through counsel sent a letter dated 17-9-1993 informing the ITO\nthat he had received interest amount of Rs.76,84,829 and interest accrued from\nyear to year was assessable in each year. Year

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. SARITA DEWAN, SIKAR

In the result, the appeals of the revenue in ITA No

capital gains tax was not leviable but tax was leviable on interest earned on\nthe amount awarded on year to year basis.\n4. The appellant through counsel sent a letter dated 17-9-1993 informing the ITO\nthat he had received interest amount of Rs.76,84,829 and interest accrued from\nyear to year was assessable in each year. Year

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. SUBHASH CHANDRA BANKA, SIKAR

In the result, the appeals of the revenue in ITA No

capital gains tax was not leviable but tax was leviable on interest earned on\nthe amount awarded on year to year basis.\n4. The appellant through counsel sent a letter dated 17-9-1993 informing the ITO\nthat he had received interest amount of Rs.76,84,829 and interest accrued from\nyear to year was assessable in each year. Year

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. SARITA DEWAN, SIKAR

In the result, the appeals of the revenue in ITA No

capital gains tax was not leviable but tax was leviable on interest earned on\nthe amount awarded on year to year basis.\n4. The appellant through counsel sent a letter dated 17-9-1993 informing the ITO\nthat he had received interest amount of Rs.76,84,829 and interest accrued from\nyear to year was assessable in each year. Year

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. PRIYA DEWAN, SIKAR

In the result, the appeals of the revenue in ITA No

capital gains tax was not leviable but tax was leviable on interest earned on\nthe amount awarded on year to year basis.\n4. The appellant through counsel sent a letter dated 17-9-1993 informing the ITO\nthat he had received interest amount of Rs.76,84,829 and interest accrued from\nyear to year was assessable in each year. Year

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. SNEHLATA AGARWAL, SIKAR

In the result, the appeals of the revenue in ITA No

capital gains tax was not leviable but tax was leviable on interest earned on\nthe amount awarded on year to year basis.\n4. The appellant through counsel sent a letter dated 17-9-1993 informing the ITO\nthat he had received interest amount of Rs.76,84,829 and interest accrued from\nyear to year was assessable in each year. Year

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. VIPUL BANKA, SIKAR

In the result, the appeals of the revenue in ITA No

capital gains tax was not leviable but tax was leviable on interest earned on\nthe amount awarded on year to year basis.\n4. The appellant through counsel sent a letter dated 17-9-1993 informing the ITO\nthat he had received interest amount of Rs.76,84,829 and interest accrued from\nyear to year was assessable in each year. Year

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. USHA BANKA, SIKAR

In the result, the appeals of the revenue in ITA No

capital gains tax was not leviable but tax was leviable on interest earned on\nthe amount awarded on year to year basis.\n4. The appellant through counsel sent a letter dated 17-9-1993 informing the ITO\nthat he had received interest amount of Rs.76,84,829 and interest accrued from\nyear to year was assessable in each year. Year

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. TRILOK DEWAN, SIKAR

In the result, the appeals of the revenue in ITA No

capital gains tax was not leviable but tax was leviable on interest earned on\nthe amount awarded on year to year basis.\n4. The appellant through counsel sent a letter dated 17-9-1993 informing the ITO\nthat he had received interest amount of Rs.76,84,829 and interest accrued from\nyear to year was assessable in each year. Year

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. ANIMESH AGARWAL, SIKAR

In the result, the appeals of the revenue in ITA No

capital gains tax was not leviable but tax was leviable on interest earned on\nthe amount awarded on year to year basis.\n4. The appellant through counsel sent a letter dated 17-9-1993 informing the ITO\nthat he had received interest amount of Rs.76,84,829 and interest accrued from\nyear to year was assessable in each year. Year

OMPRAKASH,DHOLPUR vs. ITO WARD 4 BHARATPUR, BHARATPUR

In the result, the both the appeals of the assessee are allowed for statistical\npurposes as indicated hereinabove\nOrder pronounced in the open court on\n17/01/2025

capital gain. The Ld. ITO has not applied his mind to calculate\ncapital gain prescribed U/s 45 of Income Tax Act 1961. That the Humble appellant has\nsold out Agriculture Land which is situated in Rural Area at Village Badraitha\nKanchanpur Tehsil Bari Distt Dholpur. The Land situated at Village Badraitha is 15 Km\nfrom Bari which is Tehsil

FEDERATION OF RAJASTHAN TRADE AND INDUSTRY,JAIPUR vs. ITO-EXEMPTION WARD-2, JAIPUR

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)

gains, assessee claimed cost of acquisition being fair market value as on 1-4- 1981 Assessing Officer held that there was no cost incurred for purchase/acquisition of tenancy rights and accordingly took cost of acquisition at nil Whether case of assessee fell under section 49(1)(iii)(a) and once capital asset in question became property of assessee

SAKET AGARWAL,JAIPUR vs. ITO WARD 2(3) JAIPUR, JAIPUR

In the result appeal filed by the assessee is allowed

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

capital in nature at the point of time it was received, by efflux of time the money has become the assessees own money. What remains after adjustment of the deposits has not been claimed by the customers. The claims of the customers have become barred by limitation. The assessee itself has treated the money as its own money and taken

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

KULDEEP SINGH SHEKHAWAT,KOTA vs. ITO W-2(1), KOTA, KOTA

In the result, the appeal of the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Gagan Goyalkuldeep Singh Shekhawat, 11, Samridhi Traders, Police Line, Gopal Vihar, Baran Road-324001 Pan No. Araps0973M ...... Appellant Vs. Income Tax Officer, Ward-2(1), Kota …... Respondent

1) amount of LTCG arisen (2) Nature of Capital Gain & (3) Availability of section 54 to the assessee subject to our final decision on the issue of entitlement of section 54 of the Act. 6. During the course of hearing, ld. counsel of the assessee filed a Paper Book (PB) and in support of his contentions filed following Rulings

DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-3, JAIPUR vs. M/S RIGID CONDUCTORS (RAJ.) PVT. LTD., JAIPUR

In the result, the appeals of the revenue stands dismissed

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

43,81,647/- Rs. 87,96,055/- 430619*1081/244= Rs. 19,07,783/- 221058*1081/259= Rs. 9,22,640/- 570000*1081/389= Rs. 15,83,985/- Long term capital gain Rs. 27,01,95,945/- From the above discussion, it is clear that the assessee has earned long term capital gain during the year under consideration but the same