SHREE CEMENT LIMITED,BEAWAR vs. NATIONAL FACELESS ASSESSMENT CENTRE, DELHI

In the result, the appeal of the Revenue in ITA No

Bench: or at the time of hearing of this appeal.

Section 80IA(8), the word "OR" is missing in provisions of Section 80A(6) of the ACIT vs. Shree Cement Ltd. Act. It is noted that as per provisions of Section 80A(6), if any goods or services whether sold or acquired falls within the category specified domestic transactions of Section 92BA then in such case it is mandatory

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

INCOME TAX OFFICER, 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 (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

ACIT(EXEMPTION), JAIPUR vs. MAHIMA SHIKSHA SAMITI, JAIPUR

In the result, all the grounds taken by the Revenue are dismissed and ground taken by the assessee society is allowed

depreciation or otherwise in respect of any asset, acquisition of which has been claimed as an application of income under this section in the same or any other previous year. (7) Where a trust or an institution has been granted registration under clause (b) of sub-section (1) of section 12AA or has obtained registration at any time under section

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

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 ITO Vs. Rajasthan Cricket Association. books of accounts in form

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

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 ITO Vs. Rajasthan Cricket Association. books of accounts in form

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

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 ITO Vs. Rajasthan Cricket Association. books of accounts in form

RAJASTHAN STATE MINES & MINERALS LTD.,JAIPUR vs. ACIT, JAIPUR

In the result, appeal of the Revenue is partly allowed for statistical purpose

8 is against confirmation of addition of Rs. 3,15,50,975/- on account of unpaid land tax u/s 43B of the Act ignoring the fact that same is already offered for tax in AY 2010-11 and assessed by the AO. The ld. Counsel for the 46 ITA No. 253/JP/2015 along with 13 other appeals. M/s Rajasthan State Mines

OM INFRA LIMITED,JAIPUR RAJASTHAN vs. DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR, RAJASTHAN

In the result, we find no substantial question of law being involved in this appeal

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

255] Del) 10 Om Infra Limited vs. DCIT, Central Circle-01, Jaipur Section 154, object of.- The provisions of section 154 are meant to rectify an apparent error committed by the Assessing Officer. They cannot be sought to be invoked to rectify an error committed by the assessee while filing the return of income [Mold-Tek Plastics Lid. v. Deputy

KATRATHAL GRAM SEWA SAHKARI SAMITI LIMITED ,KATRATHAL vs. ITO WARD 1 SIKAR, SIKAR

8) and (9) clearly reveals that even\r\nunder those provisions, the restrictions placed with regard to the accrual of interest\r\non amounts assessed on an assessee iswith regard to the date of filing a return\r\nwithin the time prescribed under the IT Act. Under section 234A, however, although\r\nthe provision suggests that even a return filed

HINDUSTAN SALES INDUSTRIAL CORPORATION,JAIPUR vs. PRINCIPAL COMMISSIONER OF INCOME TAX-1, JAIPUR

In the result, the appeal of the assessee is allowed

section 55(2)(b). The reference of 31.03.2005 in your notice is misplaced. During assessment proceeding vide submission dated 3 October, 2018 (P.B.: 6 to 8), it was submitted that the value appearing in the Balance Sheet as on 31.03.2005 (P.B. : 46 to 48) was Rs. 1,57,730/- wherein one year depreciation amounting to Rs 17,525/- was reduced

RAJIV GANDHI VIDHYA PITH SHIKSHA,JAIPUR vs. ITO, EXEMPTION W(1), JAIPUR

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

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

255/- incurred for acquisition of capital asset as application of income. Just providing mere statement without any documentary evidence which is a proof that appellant has indeed incurred expenditure as mentioned above for acquisition of assets as application of income. In the absence of the same, I am not inclined to accept the contention of the appellant. In result

M/S. CHAMBAL FERTILIZERS AND CHEMICALS LIMITED,KOTA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, KOTA

In the result, appeal of the revenue is dismissed

8%. It may be noted that the Assessing Officer has not doubted the correctness of the sales turnover so there can be no allegation of any 53 ITA NO. 201(6)/JP/2017 M/s. Chambal Fertilizers & Chemicals Ltd. suppression of sales. Similarly the no evidence has been adduced to establish that any expenditure incurred by the assessee is not genuine

CHAMBAL FERTILISERS AND CHEMICALS LIMITED,KOTA vs. ACIT, KOTA

In the result, appeal of the revenue is dismissed

8%. It may be noted that the Assessing Officer has not doubted the correctness of the sales turnover so there can be no allegation of any 53 ITA NO. 201(6)/JP/2017 M/s. Chambal Fertilizers & Chemicals Ltd. suppression of sales. Similarly the no evidence has been adduced to establish that any expenditure incurred by the assessee is not genuine

CHAMBAL FERTILISERS AND CHEMICALS LIMITED,KOTA vs. DCIT, KOTA

In the result, appeal of the revenue is dismissed

8%. It may be noted that the Assessing Officer has not doubted the correctness of the sales turnover so there can be no allegation of any 53 ITA NO. 201(6)/JP/2017 M/s. Chambal Fertilizers & Chemicals Ltd. suppression of sales. Similarly the no evidence has been adduced to establish that any expenditure incurred by the assessee is not genuine

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

In the result, the appeal of the assessee is dismissed

255, the Hon’ble Delhi High Court has held as under:- “5. In our opinion the Tribunal has misconstrued the ratio of the judgment of the Supreme Court in the case of Tuticorin Alkali Chemicals (supra) and that of Bokaro Steel Ltd. (supra). The test which permeates through the judgment of the Supreme Court in Tuticorin Alkali Chemicals (supra

ASSISTANT COMMISSIONER OF INCOME TAX , CIRCLE-2, JAIPUR vs. M/S. ANGEL INFRASTRUCTURE PRIVATE LIMITED, JAIPUR

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

255. (v) Sree Meenakshi Mills Ltd. Vs Commissioner of Income-tax. 7. On the other hand, the ld CIT-DR has submitted that the enquiry conducted by the DDIT(Inv), Faridabad reveals the fact that the alleged transaction of application money and transfer of the property between the related parties are only accommodation entries to create artificial loss