NIKHIL KHANDELWAL,KOTA vs. ITO WD-2(2), KOTA

In the result, the appeal of the assessee is allowed

Bench: The Hearing.”

set off against his Income, if any, assessable for that assessment year under any head of income including the head "Capital gains" (whether relating to short-term capital assets or any other capital assets). 5.4 In my considered view, this subsection is applicable when an assessee has a net loss

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)

loss of Rs. 10,59,845/- from the long term capital gain and also wrongly held that income from capital gain could not be set

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: -

capital gain of Rs.6,19,338/- and claimed set off of 4 Sh. Bittal Das Parwal vs. ACIT loss of LTCG

BIRENDRA SINGH NIRBHAY,SIRSI ROAD JAIPUR RAJASTHAN vs. ITO WARD 3(1) JAIPUR, NCRB INCOME TAX DEPARTMENT STATUE CIRCLE JAIPUR RAJASTHAN

In the result, the appeal of the assessee is allowed

capitalization many times\nlarger, driven by insider trading rather than genuine business\nperformance.\niii.\nThe extreme price fluctuation and abnormal trading volume—especially\nfollowing the assessee's purchase and subsequent sale-suggest that the\ntransactions were engineered to create bogus LTCG entries and convert\nunaccounted cash into tax-exempt income.\n5. Examination of Transaction Details:\n22\nITA NO.704/JPR/2024\nSHRI BIRENDRA

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, KOTA, KOTA vs. CHAMBAL FERTILIZERS AND CHEMICALS LTD., KOTA

Bench: SHRI GAGAN GOYAL (Accountant Member), SHRI NARINDER KUMAR (Judicial Member)

set off against short term capital loss of Rs. 3,91,92,69,355/-. Short term capital gain on sale

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, KOTA, KOTA vs. CHAMBAL FERTILIZERS AND CHEMICALS LTD, KOTA

Bench: SHRI GAGAN GOYAL (Accountant Member), SHRI NARINDER KUMAR (Judicial Member)

set off against short term capital loss of Rs. 3,91,92,69,355/-. Short term capital gain on sale

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, KOTA, KOTA vs. CHAMBAL FERTILIZERS AND CHEMICALS LTD, KOTA

Bench: SHRI GAGAN GOYAL (Accountant Member), SHRI NARINDER KUMAR (Judicial Member)

set off against short term capital loss of Rs. 3,91,92,69,355/-. Short term capital gain on sale

RAHUL KASLIWAL,JAIPUR vs. ITO, JAIPUR

In the result, the appeal of the assessee is allowed

Bench: SHRI SANDEEP GOSAIN (Judicial Member)

loss on shares, the assessee did not earn any capital gain during the year as an investor in shares or on the sale of any other capital asset, as could have been set

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, KOTA, KOTA vs. CHAMBAL FERTILIZERS AND CHEMICALS LTD, KOTA

set off against short term capital loss\nof Rs.3,91,92,69,355/-.\nShort term capital gain on sale of Mutual

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, KOTA, KOTA vs. CHAMBAL FERTILIZERS AND CHEMICALS LTD., KOTA

set off against short term capital loss\nof Rs.3,91,92,69,355/-.\nShort term capital gain on sale of Mutual

RAJRAJESHWARI GUPTA ,KOTA vs. ITO , WARD 1(1),KOTA, KOTA

In the result, the appeal of the assessee is allowed with no orders as to costs

Bench: Hon’ble SHRI SANDEEP GOSAIN (Judicial Member)

set of facts, which are stated below-  The assessee invested in the shares of two companies for the first time on the advice of an Income tax consultant / whereas here the assessee was a regular investor in shares from last five years.  The issue involved was whether the profit on sale of alleged shares constituted long term capital gains

CHANDRA PRAKASH JAIN,JAIPUR vs. CIRCLE 1, JPR, JAIPUR

In the result, ground raised by the assessee is partly allowed

Bench: Shri Gagan Goyal & Shri Narinder Kumar

loss of Rs. 3,300/- Ultimately, the assessee shown income under the head capital gain amounting to Rs. 83,25,364/- as exempt u/s. 10(38) of the Act. 4. Further, the A/R of the assessee requested for cross-examination of the persons and evidences on which the AO relied upon. Summons u/s. 131 of the Act were issued

RAM SHRAN KATTA, 257, KATTA STREET, JAIN MANDIR WALI GALI, DURGAPURA, JAIPUR,JAIPUR vs. ITO WARD-6(4), JAIPUR

In the result, the appeals of the assessee are allowed

gain on\nsale of property situated at 65B, Khawas Ji ka Baagh, Durgapura, Jaipur as\nunder:-... capital loss Rs. 179799/- will not set

RAM SHARAN KATTA, 257, KATTA STREET, JAIN MANDIR WALI GALI, DURGAPURA, JAIPUR,JAIPUR vs. ITO WARD-6(4), JAIPUR, WARD-6(4), JAIPUR

In the result, the appeals of the assessee are allowed

gain on\nsale of property situated at 65B, Khawas Ji ka Baagh, Durgapura, Jaipur as\nunder:-...........................capital loss Rs. 179799/- will not set

PAWAN GUPTA,KOTA vs. ITO WARD 1(3) KOTA , KOTA

In the result, the appeal of the assessee is allowed with no orders as to costs

set of\nfacts, which are stated below-\n• The assessee invested in the shares of two companies for the first time on the advice\nof an Income tax consultant / whereas here the assessee was a regular investor in\nshares from last five years.\n• The issue involved was whether the profit on sale of alleged shares constituted long\nterm capital

MADAN MOHAN GUPTA ,KOTA vs. ITO WARD 1(3) , KOTA

set of facts, which are stated below- \n• The assessee invested in the shares of two companies for the first time on\nthe advice of an Income tax consultant / whereas here the assessee was a\nregular investor in shares from last five years.\n• The issue involved was whether the profit on sale of alleged shares\nconstituted long term capital

NIRMAL KUMAR AGRAWAL,JAIPUR vs. DCIT, CIRCLE - 4 , JAIPUR

In the result, the appeal of the assessee is allowed

losses in the return of income to avoid paying due taxes. As per the evidences collected and impounded during survey proceedings, the trade data of M/s Midland Polymers Ltd was retrieved from BSE Limited. The same was analyzed and analysis of the data has proved that scrip of M/s Midland Polymers Ltd. was used to provide Bogus Long Term Capital

INCOME TAX OFFICER, JAIPUR vs. RENU AGARWAL, JAIPUR

In the result, appeal of the Revenue is dismissed

Gain” or “Capital Loss” would either\ninflate the share price and being exempted by claiming\nexemption nor in case of loss would be set