KRISHNA BUILD HOME PRIVATE LIMITED,JAIPUR vs. ASST. COMMISSIONER OF INCOME TAX (HOLDING CHARGE OF ITO WARD 4(2)), JAIPUR

Bench: The Learned Ao, The Reassessment Proceeding Is Illegal, Bad In Law, Without Jurisdiction & Is Based On Wrong Facts & On Change Of Opinion & In Gross Violation Of Proviso To S. 147 Of The It Act, Which Says No Action Can Be Taken M/S. Krishna Build Home Pvt. Ltd., Jaipur.

house property by applying notional rent on the closing stock. 4. In respect of Additional Ground and Ground No. 1, before us, the ld. A/R of the assessee has submitted that the objection raised by the assessee was not disposed. In the objections filed vide letter dated 17.11.2017 the following issues were raised :- “that the assessment of the assessee

KRISHNA BUILD HOME PRIVATE LIMITED,JAIPUR vs. INCOME TAX OFFICER, WARD 4(2), JAIPUR, JAIPUR

Bench: The Learned Ao, The Reassessment Proceeding Is Illegal, Bad In Law, Without Jurisdiction & Is Based On Wrong Facts & On Change Of Opinion & In Gross Violation Of Proviso To S. 147 Of The It Act, Which Says No Action Can Be Taken M/S. Krishna Build Home Pvt. Ltd., Jaipur.

house property by applying notional rent on the closing stock. 4. In respect of Additional Ground and Ground No. 1, before us, the ld. A/R of the assessee has submitted that the objection raised by the assessee was not disposed. In the objections filed vide letter dated 17.11.2017 the following issues were raised :- “that the assessment of the assessee

SAVITRI LEASING FINANCE LTD,JAIPUR vs. INCOME TAX OFFICER, WARD - 4(2), JAIPUR, JAIPUR

In the result, the appeal of the assesee is allowed

Bench: SHRI SANDEEP GOSAIN (Judicial Member), DR MITHA LAL MEENA (Accountant Member)

depreciation against income from house property and hence, no double deduction of depreciation was claimed against business income as well

JAIPUR TELECOM PRIVATE LIMITED,JAIPUR vs. DCIT CIRCLE 1, JPR, JAIPUR

In the result the appeal of the assessee in ITA no

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

house property to business income and accordingly applied the provisions of explanation 5 to Sec. 43(1) of the act and reworked the depreciation

JAIPUR TELECOM PVT. LTD,JAIPUR vs. DCIT CIRCLE 1, JPR, JAIPUR

In the result the appeal of the assessee in ITA no

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

house property to business income and accordingly applied the provisions of explanation 5 to Sec. 43(1) of the act and reworked the depreciation

NATWAR LAL SHARDA,JAIPUR vs. PCIT-2, JAIPUR

In the result, the appeal of the assessee is allowed

depreciation) in the assessment order. With regards to other issue, i.e. Rental income from let out of factory to be assessed under the head “Income from other sources” and not under the head “Income from house property

INDO CAPS (P) LTD.C/O M/S K.L. DATTA & CO. CA VASHISTHA PLAZA, 2, MANU MARG, ALWAR,ALWAR vs. DCIT, CENTRAL CIRCLE, ALWAR, ALWAR

In the result, the appeal of the assessee is allowed for Statistical

Bench: : Shri Vijay Pal Rao, Jm & Shri Vikram Singh Yadav, Am Vk;Dj Vihy La-@Ita No. 689/Jp/2019 Fu/Kzkj.K O"Kz@Assessment Year : 2016-17 Cuke M/S. Indo Caps (P) Ltd. The Dcit Vs.

house property. The AO during the scrutiny assessment noted that the assessee has claimed depreciation of Rs. 3,212/- on the building

SHRI SUBHASH CHAND AGARWAL,KOTA vs. INCOME TAX OFFICER, WARD-1-2, KOTA

In the result, the ground of appeal is allowed

house Property income, but on compilation of books, he realized that there is mistake in taking the income and found that the ROI filed in hurry on 30.03.2013 was not proper, then he collected data from employer, banks and noted the following things. The salary was received Rs. 180,000/- but, since Form No. 16 was not available

JAGDISH KUMAR ARORA,BHAWANIMANDI vs. DCIT, CENTRAL CIRCLE- KOTA, KOTA

In the result, the appeal of the assessee is allowed

Bench: SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member), SHRI NARINDER KUMAR (Judicial Member)

house property, profits and gains of business or profession, or capital gains, nor is it income from other sources' because the provisions of sections 69, 69A, 69B, and 69C treat unexplained investments. unexplained money, bullion, etc., and unexplained expenditure as deemed income where the nature and source of investment, acquisition or expenditure, as the case may be, have not been

SHRI DIGAMBER JAIN ATIKSHAYA KESHTRA,PADAMPUA vs. ITO EXEMPTION WARD 1, KAILASH HEIGHTS

In the result appeal of the assessee is partly allowed

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

House Property under section 24(a) Rs.1,48,031 III. Depreciation under section 32 Rs.1,89,824 3.8. The condition

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.

house property’. 6. Under the facts and circumstances of the case and in law, the Ld. CIT(A) has erred in not allowing various expenditure incurred by Appellant Trust in entirety. 7. Under the facts and circumstances of the case and in law, the Ld. CIT(A) has erred in not allowing the set off of losses against the total

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

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.

house property’. 6. Under the facts and circumstances of the case and in law, the Ld. CIT(A) has erred in not allowing various expenditure incurred by Appellant Trust in entirety. 7. Under the facts and circumstances of the case and in law, the Ld. CIT(A) has erred in not allowing the set off of losses against the total

M/S JINDAL ROADWAYS PVT. LTD.,NASIRABAD vs. ASSISTANT COMMISSIONER OF INCOME TAX, AJMER

In the result, the appeal in ITA No

House No. 70 situated at Village-Shilloar Raicher Panvel District Raigad), as the same was solely owned, used possessed and was acquired by investing its own funds by the company-M/s. Jindal Roadways Pvt. Ltd despite all evidences as regards payments by company, used of asset, depreciation and credits into Company’s Account and Depreciated Asset A/c on record

SHRI SANJAY JINDAL,NASIRABAD vs. ASSISTANT COMMISSIONER OF INCOME TAX, AJMER

In the result, the appeal in ITA No

House No. 70 situated at Village-Shilloar Raicher Panvel District Raigad), as the same was solely owned, used possessed and was acquired by investing its own funds by the company-M/s. Jindal Roadways Pvt. Ltd despite all evidences as regards payments by company, used of asset, depreciation and credits into Company’s Account and Depreciated Asset A/c on record

M/S. GANPATI GLOBAL PRIVATE LTD.,JAIPUR vs. ITO, WARD1(4), JAIPUR

In the result, the appeal of the assessee is dismissed

house property. Likewise, the company may have income from other sources. The company may also, as in that case, keep the surplus funds in short-term deposits in order to earn interest. Such interest will be chargeable under section 56 of the Act. This court also emphasized the fact that the company was not bound to utilise the interest

M/S. VAIBHAV GLOBAL (GEMS) LTD.,JAIPUR vs. ACIT, CIRCLE-5, JAIPUR

In the result, appeals for the A

Depreciation has been claimed on building constructed-44bn rented land. Please justify. 11 ITA 1346 to 1348/JP/2019_ M/s Vaibhav Global Ltd. Vs ACIT 4. Name & add. with PAN of all the shareholders from whom paid up share capital, share application money and share premium amount received during the year. The same details may also be filed in respect

M/S. VAIBHAV GLOBAL (GEMS) LTD.,JAIPUR vs. ACIT, CIRCLE-5, JAIPUR

In the result, appeals for the A

Depreciation has been claimed on building constructed-44bn rented land. Please justify. 11 ITA 1346 to 1348/JP/2019_ M/s Vaibhav Global Ltd. Vs ACIT 4. Name & add. with PAN of all the shareholders from whom paid up share capital, share application money and share premium amount received during the year. The same details may also be filed in respect

M/S. VAIBHAV GLOBAL (GEMS) LTD.,JAIPUR vs. ACIT, CIRCLE-5, JAIPUR

In the result, appeals for the A

Depreciation has been claimed on building constructed-44bn rented land. Please justify. 11 ITA 1346 to 1348/JP/2019_ M/s Vaibhav Global Ltd. Vs ACIT 4. Name & add. with PAN of all the shareholders from whom paid up share capital, share application money and share premium amount received during the year. The same details may also be filed in respect

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, KOTA vs. M/S SHIV VEGPRO PVT. LTD., KOTA

In the result, appeal of the revenue is dismissed

property for the A.Y. 2008-09 within the meaning of provisions of sec. 147 of the I.T. Act. Therefore, permission is being sought for issue of notice u/s 148 of the I.T. Act.” Accordingly, the AO issued notices under section 148 of the IT Act for the assessment year 2008-09 on 30th March, 2015, for the assessment year