DCIT, AJMER vs. M/S V.C. GRANITE, AJMER

In the result, appeal of the assessee is allowed

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

270A even with regard to addition sustained to the extent of admitted profit element. 5. The learned CIT Appeal has erred in granting relief to the tax payer holding that there are no purchases in case of mining M/s. V.C. Granites, Ajmer. business, and in this process failing to consider that there are other expenses besides purchases, in any business

SHRI CHANDRAPRABH CHARITABLE SANSTHA,JAIPUR vs. ITO, EXEMPTION WARD 1, JAIPUR

In the result, appeal of the assessee in ITA No

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI, AM vk;dj vihy la-@ITA. Nos. 363 & 364/JP/2023 fu/kZkj.k o"kZ@Assessment Years : 2019-20 Shri Chandraprabh Charitable Sanstha, Shree Digamber Jain Mandir Campus, Durgapura, Jaipur cuke Vs. Income Tax Officer Exemption Ward-01, Jaipur LFkk;h ys[kk la-@thvkbZvkj la-@PAN/GIR No.: AAGTS 7441 B vihykFkhZ@Appellant izR;FkhZ@Respondent fu/kZkfjrh dh vksj ls@ Assessee by : Shri Rajeev Sogani (C.A.), Shri Ruchika Sogani (Adv.) jk

trust registered as per the provisions of Income Tax Act, 1961. Since the appellant has not been granted certificate 12A, the exemption claimed by the appellant cannot be allowed. Therefore, I do not agree with the various arguments of the appellant in which he has tried to justify his claim of exemption. Therefore, penalty imposed under section 270A for underreporting

SHRI CHANDRAPRABH CHARITABLE SANSTHA,JAIPUR vs. ITO,EXEMPTION WARD 1, JAIPUR

In the result, appeal of the assessee in ITA No

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI, AM vk;dj vihy la-@ITA. Nos. 363 & 364/JP/2023 fu/kZkj.k o"kZ@Assessment Years : 2019-20 Shri Chandraprabh Charitable Sanstha, Shree Digamber Jain Mandir Campus, Durgapura, Jaipur cuke Vs. Income Tax Officer Exemption Ward-01, Jaipur LFkk;h ys[kk la-@thvkbZvkj la-@PAN/GIR No.: AAGTS 7441 B vihykFkhZ@Appellant izR;FkhZ@Respondent fu/kZkfjrh dh vksj ls@ Assessee by : Shri Rajeev Sogani (C.A.), Shri Ruchika Sogani (Adv.) jk

trust registered as per the provisions of Income Tax Act, 1961. Since the appellant has not been granted certificate 12A, the exemption claimed by the appellant cannot be allowed. Therefore, I do not agree with the various arguments of the appellant in which he has tried to justify his claim of exemption. Therefore, penalty imposed under section 270A for underreporting

SCHOLAR'S EDUCATION TRUST OF INDIA,602-A, TRIMURTY DAVE APARTMENT, JAI SINGH HIGHWAY MARG, BANI PARK, JAIPUR vs. CIT EXEMPTION, JAIPUR

Bench: The Cit(A), The Power Exercised By Him U/S 263 For Disallowing The Donation Paid To Other Society Would Not Fall In The Ambit Of Section 263. 3. Under The Facts & Circumstances Of The Case, The Finding Given By Ld. Cit That Once Exemption U/S 11 Is Withdrawn, Not Disallowing The Scholar’S Education Trust Of India Vs. Cit(E)

270A r.w. sec. 274 of the IT Act, 1961, are initiated separately. 5. Being aggrieved by the AO the assessee preferred an appeal before the ld. CIT(E) and the findings are reproduced as under:- “11. The assessee in its own submission has admitted that the donation has not been claimed as expenditure rather it is application of income

SANDEEP SETHI ,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX,CENTRAL CIRCLE-1,JAIPUR, JAIPUR

In the result, both the appeals of the assessee are allowed

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

charitable trust, had disclosed donations received by it as its income, and claimed exemption u/s. 11. The Assessing Officer, on finding that the assessee was unable to satisfactorily explain the donations and the donors were fictitious persons, held that the assessee had tried to introduce unaccounted money in its books by way of donations and, therefore, the amount

RAJIV NIGOTIYA,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX,CENTRAL CIRCLE-1, JAIPUR

In the result, both the appeals of the assessee are allowed

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

charitable trust, had disclosed donations received by it as its income, and claimed exemption u/s. 11. The Assessing Officer, on finding that the assessee was unable to satisfactorily explain the donations and the donors were fictitious persons, held that the assessee had tried to introduce unaccounted money in its books by way of donations and, therefore, the amount

PANKAJ MANI KULSHRESHTHA,JAIPUR vs. ITO, WARD-3(5), JAIPUR

In the result, the appeal of the assessee is allowed for statistical purposes

Bench: The Hearing.”

270A(9), 271AAC, 272(1)(d) and 271B are concerned penalty is a separate proceeding hence not adjudicated upon. Hence ground no 4,5,6, and 7 are dismissed. Ground No. 8. The Ld. A.O. also erred in charging interest u/s 234A, 234B and 234C of the Income-tax Act, 1961. In the above grounds the appellant raised the issue

PROFESSIONAL AUTOMOTIVES PRIVATE LIMITED,JAMMU vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, JAIPUR

In the result the appeal of the assessee in ITA no

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI, आयकर अपील /ITA Nos.809 to 815/JP/2025 निर्धारण वर्ष /Assessment Years :2013-14 to 2019-20 Professional Automotives Pvt. बनाम ACIT, Ltd. Bahu Plaza, Bahu Plaza, Jammu Vs. Central Circle- 1, and Kashmir Jaipur स्थायी लेखा सं./जी.आई.आर. सं./PAN/GIR No.:AAACP9608E अपीलार्थी/Appellant प्र]त्यर्थी/Respondent निर्धारिती की ओर से / Assessee by :Shri Tarun Mittal, CA राजस्व की ओर से /Revenue by: Shri Ajey Malik, CIT (Th. V.C)

Charitable Trust [2022] 144 taxmann.com 54 (Madras)/[2023] 450 ITR 368 (Madras) [31-10-2022] "63. The statements given to the Assessing officer under section 132 (4) have legal force. Unless the retractions are made within a short span of time, supported by affidavit swearing that the contents are incorrect and it was obtained under force, coercion and by lodging