INCOME TAX OFFICER (EXEMPTIONS), WARD, JAIPUR, JAIPUR vs. RAJASTHAN CRICKET ASSOCIATION, JAIPUR

In the result, appeal of the Department is dismissed

Bench: The Hon’Ble Tribunal In The Interest Of Justice.

depreciation of Rs.2,16,62,215/- on the assets which were claimed as application u/s. 11 at the time of purchase?" 32. The Hon’ble High Court has taken into consideration the nature of activities undertaken by the assessee society and nature of receipts being accounted for in its books of accounts in form of one day international cricket match

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

In the result, appeal of the Department is dismissed

Bench: The Hon’Ble Tribunal In The Interest Of Justice.

depreciation of Rs.2,16,62,215/- on the assets which were claimed as application u/s. 11 at the time of purchase?" 32. The Hon’ble High Court has taken into consideration the nature of activities undertaken by the assessee society and nature of receipts being accounted for in its books of accounts in form of one day international cricket match

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

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

14 would apply to all the proceedings pending in\nall the forums including before this Hon'ble Court.\n(ii) That even though the appeals of the Revenue are dismissed in respect of\nassessments passed under 153A and 153C, in the absence of\nincriminating material found during the search, in respect of such income\nwhich was found to have escaped

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

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

14 would apply to all the proceedings pending in\nall the forums including before this Hon'ble Court.\n(ii) That even though the appeals of the Revenue are dismissed in respect of\nassessments passed under 153A and 153C, in the absence of\nincriminating material found during the search, in respect of such income\nwhich was found to have escaped

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

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

14 would apply to all the proceedings pending in\nall the forums including before this Hon'ble Court.\n(ii) That even though the appeals of the Revenue are dismissed in respect of\nassessments passed under 153A and 153C, in the absence of\nincriminating material found during the search, in respect of such income\nwhich was found to have escaped

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

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

14 would apply to all the proceedings pending in\nall the forums including before this Hon'ble Court.\n(ii) That even though the appeals of the Revenue are dismissed in respect of\nassessments passed under 153A and 153C, in the absence of\nincriminating material found during the search, in respect of such income\nwhich was found to have escaped

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

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

14 would apply to all the proceedings pending in\nall the forums including before this Hon'ble Court.\n(ii) That even though the appeals of the Revenue are dismissed in respect of\nassessments passed under 153A and 153C, in the absence of\nincriminating material found during the search, in respect of such income\nwhich was found to have escaped

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

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

14 would apply to all the proceedings pending in\nall the forums including before this Hon'ble Court.\n(ii) That even though the appeals of the Revenue are dismissed in respect of\nassessments passed under 153A and 153C, in the absence of\nincriminating material found during the search, in respect of such income\nwhich was found to have escaped

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

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

14 would apply to all the proceedings pending in\nall the forums including before this Hon'ble Court.\n(ii) That even though the appeals of the Revenue are dismissed in respect of\nassessments passed under 153A and 153C, in the absence of\nincriminating material found during the search, in respect of such income\nwhich was found to have escaped

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

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

14 would apply to all the proceedings pending in\nall the forums including before this Hon'ble Court.\n(ii) That even though the appeals of the Revenue are dismissed in respect of\nassessments passed under 153A and 153C, in the absence of\nincriminating material found during the search, in respect of such income\nwhich was found to have escaped

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

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

14 would apply to all the proceedings pending in\nall the forums including before this Hon'ble Court.\n(ii) That even though the appeals of the Revenue are dismissed in respect of\nassessments passed under 153A and 153C, in the absence of\nincriminating material found during the search, in respect of such income\nwhich was found to have escaped

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

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

14 would apply to all the proceedings pending in\nall the forums including before this Hon'ble Court.\n(ii) That even though the appeals of the Revenue are dismissed in respect of\nassessments passed under 153A and 153C, in the absence of\nincriminating material found during the search, in respect of such income\nwhich was found to have escaped

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

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

14 would apply to all the proceedings pending in\nall the forums including before this Hon'ble Court.\n(ii) That even though the appeals of the Revenue are dismissed in respect of\nassessments passed under 153A and 153C, in the absence of\nincriminating material found during the search, in respect of such income\nwhich was found to have escaped

SHRI KALYAN BUILDMART PVT. LTD,JAIPUR vs. PRINCIPAL COMMISSIONER OF INCOME TAX-2, JAIPUR, JAIPUR

Bench: The Date Of Hearing.”

depreciation of " 6,13,624. Issue vi. The authenticity of credits, share capital and share premium has not been established. Response vi.a As has been submitted, complete details of the share subscriber and also share premium were furnished. These details were analysed by ld. AO who found the same satisfactory. Change in shareholding pattern had no impact on the issue

DCIT, JAIPUR vs. RAJASTHAN COOPERATIVE DAIRY FEDERATION LTD, JAIPUR

In the result the appeal of the revenue in ITA No

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

14 referring to the amendment made in section 194A(3)(v) of the Act held that deduction of income derived by way of interest from the investment in the form of FDRs with other bank is not correct. In this connection it may be noted that even the Gujarat Rajasthan Cooperative Dairy Federation Ltd. High Court in case of State

DCIT, JAIPUR vs. RAJASTHAN COOPERATIVE DAIRY FEDERATION LTD, JAIPUR

In the result the appeal of the revenue in ITA No

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

14 referring to the amendment made in section 194A(3)(v) of the Act held that deduction of income derived by way of interest from the investment in the form of FDRs with other bank is not correct. In this connection it may be noted that even the Gujarat Rajasthan Cooperative Dairy Federation Ltd. High Court in case of State

DCIT, JAIPUR vs. RAJASTHAN COOPERATIVE DAIRY FEDERATION LTD, JAIPUR

In the result the appeal of the revenue in ITA No

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

14 referring to the amendment made in section 194A(3)(v) of the Act held that deduction of income derived by way of interest from the investment in the form of FDRs with other bank is not correct. In this connection it may be noted that even the Gujarat Rajasthan Cooperative Dairy Federation Ltd. High Court in case of State

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

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

14 would apply to all the proceedings\npending in all the forums including before this Hon'ble Court.\n\n(ii) That even though the appeals of the Revenue are dismissed in\nrespect of assessments passed under 153A and 153C, in the absence of\nincriminating material found during the search, in respect of such income\nwhich was found to have

JODHPUR DEVELOPMENT AUTHORITY,JODHPUR vs. DCIT (EXEMPTION), JAIPUR

In the result, the appeal in ITA no

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

Section 10(20) as amended by Finance Act 2002. 1.22. In view of the aforesaid facts and submissions, it is very humbly prayed that the claim of the appellant for grant of exemption u/s 10(20) may kindly be accepted for all the years under consideration. 1.23. The appellant has spent for development activities in accordance with provisions