GOVERDHAN SIGH SHEKHAWAT,JAIPUR vs. ITO, JAIPUR

short) by rejecting exemption u/s 54F of the Act. The addition so made and confirmed by the CIT(A), being totally contrary to the provisions of law and facts of the case, kindly be deleted in full. 3. The ld. AO further erred in law as well as on the facts of the case in charging interest u/s 234B & 234D

INCOME TAX OFFICER, JAIPUR vs. RVCF TRUST-II, JAIPUR, JAIPUR

In the result, the appeal of the Revenue is dismissed

Bench: The Income Tax Appellate Tribunal, Jaipur Within 30 Days I.E. On Or Before 13.06.2022. In View Of The Above The Physical Appeal Was Filed On 19.05.2022 Well Before 12.06.2022 As Directed In The Said Mail.

short ‘Act’) the case was picked up for the scrutiny. Notice u/s 143(2) was issued on 25.09.2012 which was duly served upon the assessee. The assessee is a trust and same is registered as venture capital fund by SEBI vide order dated 25.07.2008 under Venture Capital Funds Regulations, 1996 subject to the conditions specified

PRATIMA PANWAR,JAIPUR vs. I.T.O, WARD 3(3), JAIPUR, JAIPUR

In the result, the appeal of the assessee is allowed

Bench: Him.

Charitable Trust and MJRP University. In consideration she is drawing salary of Rs. 27500/- per month from Trust and Rs. 27,500/- from University during the financial year 2016-17. She has been filing her income tax return regularly for almost lat 15 years at PAN AKCPP2010P declaring her income of whatsoever nature, She hasfiled her ITR for the assessment

ALLEN CAREER INSTITUTE,JAIPUR vs. JCIT, KOTA

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

short-term capital gain @ 30 per cent and where the amount is invested in such funds for the period exceeding one year, the maturity proceeds are taxable @ 10 per cent with the indexation benefit and @ 20 per cent without indexation benefits. In other words, the investments in Mutual Funds schemes are not tax-free investments. In support of its contentions

M/S WHOLESALE CLOTH MERCHANT,KOTA vs. PR. COMMISSIONER OF INCOME TAX (CENTRAL), RAJASTHAN, 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. 688/Jp/2019 Assessment Year: ………………………… M/S Wholesale Cloth Merchant Cuke Pr.C.I.T. (Central), Vs. Association, Jaipur (Rajasthan) New Cloth Market, Kota. Pan No.: Aaatw 0127 C Vihykfkhz@Appellant Izr;Fkhz@Respondent Fu/Kzkfjrh Dh Vksj Ls@ Assessee By : Shri Siddarth Ranka & Shri Shravan Kr. Gupta (Advs) Jktlo Dh Vksj Ls@ Revenue By : Shri Ambrish Bedi (Cit-Dr) Lquokbz Dh Rkjh[K@ Date Of Hearing : 14/10/2020 Mn?Kks"K.Kk Dh Rkjh[K@ Date Of Pronouncement : 06/01/2021 Vkns'K@ Order Per: Sandeep Gosain, J.M. The Present Appeal Has Been Filed By The Assessee Against The Order Of The Ld. Pr.Cit(Central), Rajasthan, Jaipur Dated 22/03/2019 Passed U/S 12Aa(3) & 12Aa(4) Of The Income Tax Act, 1961 (In Short, The Act). Following Grounds Have Been Taken By The Assessee: “1. That In The Facts & In The Circumstances Of The Case & In Law, The Ld Pr. Cit(Central), Rajasthan, Jaipur Has Grossly Erred In Cancelling The Registration Of The Assessee Appellant Trust Under Section 12A Of The Act By Invoking Section 12Aa(4) Of The Act W.E.F. 01/04/2013. 2. The Appellant Craves Leave To Add, Alter, Modify Or Amend Any Ground On Or Before The Date Of Hearing.”

short question that arises for consideration is whether failure to record the reasons in the order which was communicated to the appellants is violative of the principles of natural justice for which the order should be held to be invalid. Held : The requirement of recording reasons under s. 127(1) is a mandatory direction under the law and non-communication

INSTITUTE MANAGEMENT COMMITTEE ITI JHALAWAR,JHALAWAR vs. ITO WARD JHALAWAR, JHALAWAR

The appeals of the assessee are hereby allowed

short AO].\n2. Since the issues involved in these appeals in ITA Nos.39 &\n41/JP/2025 for A.Ys 2013-14 & 2014-15 are inter related, identical on facts\nand are almost common, except the difference in figure disputed in each\nyear, therefore, these appeals were heard together with the agreement of\nboth the parties and are being disposed off by this consolidated

INSTITUTE MANAGEMENT COMMITTEE ITI JHALAWAR ,JHALAWAR vs. ITO WARD JHALAWAR, JHALAWAR

The appeals of the assessee are hereby allowed

short AO].\n2. Since the issues involved in these appeals in ITA Nos.39 &\n41/JP/2025 for A.Ys 2013-14 & 2014-15 are inter related, identical on facts\nand are almost common, except the difference in figure disputed in each\nyear, therefore, these appeals were heard together with the agreement of\nboth the parties and are being disposed off by this consolidated

ALLEN CAREER INSTITUTE,JAIPUR vs. JCIT, KOTA

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

charitable trust and not incurred for business purpose. The disallowance so made and confirmed by the ld. CIT(A) is contrary to the provision of law and hence, kindly be deleted in full 3.2. Rs.2,45,919/-: The ld. CIT(A) erred in law as well as on the facts of the case in confirming the disallowance of interest

ALLEN CAREER INSTITUTE,KOTA vs. JCIT, JAIPUR

In the result, the Grounds No

charitable trust and not incurred for business purpose. The disallowance so made and confirmed by the ld. CIT(A) is contrary to the provision of law and hence, kindly be deleted in full 4. Rs.23,64,158/-: The ld. CIT(A) erred in law as well as on the facts of the case in confirming the disallowance of Rs.23

M/S. RAJASTHAN CRICKET ASSOCIATION,JAIPUR vs. ADD.CIT. RANGE-2, JAIPUR

In the result, the matter is decided in favour of the assessee and against the Revenue and the ground of appeal so taken by the assessee society is thus allowed

short 'ICC'). There is no rebuttal to the submissions of the Ld. DR that ICC commercially exploits the International Cricket matches.” In this regard, it was submitted that in the instant case, the RCA is an independent association managed by the elected representatives. The only similarity in the BCCI and RCA is that the common goal of both

INCOME TAX OFFICER (EXEMPTION), WARD-1, JAIPUR vs. M/S RAJASTHAN CRICEKT ASSOCIATION, JAIPUR

In the result, the matter is decided in favour of the assessee and against the Revenue and the ground of appeal so taken by the assessee society is thus allowed

short 'ICC'). There is no rebuttal to the submissions of the Ld. DR that ICC commercially exploits the International Cricket matches.” In this regard, it was submitted that in the instant case, the RCA is an independent association managed by the elected representatives. The only similarity in the BCCI and RCA is that the common goal of both

INCOME TAX OFFICER (EXEMPTION), WARD-1, JAIPUR vs. RAJASTHAN CRICKET ASSOCIATION, JAIPUR

In the result, the matter is decided in favour of the assessee and against the Revenue and the ground of appeal so taken by the assessee society is thus allowed

short 'ICC'). There is no rebuttal to the submissions of the Ld. DR that ICC commercially exploits the International Cricket matches.” In this regard, it was submitted that in the instant case, the RCA is an independent association managed by the elected representatives. The only similarity in the BCCI and RCA is that the common goal of both

URBAN IMPROVEMENT TRUST (NOW KOTA DEVELOPMENT AUTHORITY),KOTA vs. DCIT (EXEMPTIONS), CIRCLE, JAIPUR, JAIPUR

In the result, the assessee’s income is found to be not chargeable under the Income Tax Act at all and the AO is directed to delete the additions made, irrespective of the head of income

Bench: Dr. S. Seethalakshmi & Shri Gagan Goyalacit, Exemption, Circle, Jaipur ...... Appellant Vs.

short ‘the Act’). Revenue’s Appeal The revenue has raised the following grounds of appeal vide ITA No. 717/JPR/2024 (A.Y. 2008-09) as under:- 1 Order of the ld. CIT (A) is bad in law and needs to be quashed. 2 Whether order passed by the Ld. CIT (A) is justified, ignoring the facts and circumstances of the present case

DCIT, EXEMPTIONS, CIRCLE, JAIPUR, JAIPUR vs. URBAN IMPROVEMENT TRUST, KOTA

In the result, the assessee's income is found to be not chargeable\nunder the Income Tax Act at all and the AO is directed to delete the additions\nmade, irrespective of the head of income

short ‘the Act').\nRevenue's Appeal\nThe revenue has raised the following grounds of appeal vide ITA No.\n717/JPR/2024 (A.Y. 2008-09) as under:-\n1 Order of the Id. CIT (A) is bad in law and needs to be quashed.\n2 Whether order passed by the Ld. CIT (A) is justified, ignoring the facts and\ncircumstances of the present case

URBAN IMPROVEMENT TRUST,KOTA vs. DCIT (EXEMPTIONS), CIRCLE, JAIPUR, JAIPUR

In the result, the assessee's income is found to be not chargeable\nunder the Income Tax Act at all and the AO is directed to delete the additions\nmade, irrespective of the head of income

short ‘the Act').\nRevenue's Appeal\nThe revenue has raised the following grounds of appeal vide ITA No.\n717/JPR/2024 (A.Y. 2008-09) as under:-\n1 Order of the Id. CIT (A) is bad in law and needs to be quashed.\n2 Whether order passed by the Ld. CIT (A) is justified, ignoring the facts and\ncircumstances of the present case

URBAN IMPROVEMENT TRUST,KOTA vs. DCIT (EXEMPTIONS), CIRCLE, JAIPUR, JAIPUR

In the result, the assessee's income is found to be not chargeable\nunder the Income Tax Act at all and the AO is directed to delete the additions\nmade, irrespective of the head of income

short 'the Act').\n\nRevenue's Appeal\nThe revenue has raised the following grounds of appeal vide ITA No.\n717/JPR/2024 (A.Y. 2008-09) as under:-\n1 Order of the Id. CIT (A) is bad in law and needs to be quashed.\n2 Whether order passed by the Ld. CIT (A) is justified, ignoring the facts and\ncircumstances of the present

URBAN IMPROVEMENT TRUST,KOTA vs. DCIT (EXEMPTIONS), CIRCLE, JAIPUR, JAIPUR

In the result, the assessee's income is found to be not chargeable\nunder the Income Tax Act at all and the AO is directed to delete the additions\nmade, irrespective of the head of income

short ‘the Act').\nRevenue's Appeal\nThe revenue has raised the following grounds of appeal vide ITA No.\n717/JPR/2024 (A.Y. 2008-09) as under:-\n1 Order of the Id. CIT (A) is bad in law and needs to be quashed.\n2 Whether order passed by the Ld. CIT (A) is justified, ignoring the facts and\ncircumstances of the present case

URBAN IMPROVEMENT TRUST (NOW KOTA DEVELOPMENT AUTHORITY),KOTA vs. DCIT (EXEMPTIONS), CIRCLE, JAIPUR, JAIPUR

In the result, the assessee's income is found to be not chargeable\nunder the Income Tax Act at all and the AO is directed to delete the additions\nmade, irrespective of the head of income

short ‘the Act').\nRevenue's Appeal\nThe revenue has raised the following grounds of appeal vide ITA No.\n717/JPR/2024 (A.Y. 2008-09) as under:-\n1 Order of the Id. CIT (A) is bad in law and needs to be quashed.\n2 Whether order passed by the Ld. CIT (A) is justified, ignoring the facts and\ncircumstances of the present case