M/S. MAHARAJA SHREE UMAID MILLS LTD. JAIPUR,JAIPUR vs. DCIT CIRCLE-6, JAIPUR, CIRCLE-6, JAIPUR

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

depreciation is hereby allowed and the matter is decided in favour of the assessee and against the Revenue. In the result, the ground of appeal is allowed. 22. In Ground no. 4, the assessee has challenged the disallowance of commission of Rs.19,56,000/- paid to non residents u/s 40(a)(ia) of IT Act, 1961. 10 M/s Maharaja Shree

RSD CONTAINERS PRIVATE LIMITED,JAIPUR vs. ITO, WARD 7(1), JAIPUR, JAIPUR

In the result, the appeal of the assessee is allowed

depreciation, and MAT credit set-off. The ld. DR vide submission dated 14.07.2025 further submitted as under : I. Limitation Period Under Section 149(1)(b) is Fully Alive The assessee has contended that the reassessment proceedings are barred by limitation. However, this contention is devoid of merit in view of the amended 29

M/S RAJASTHAN RAJYA VIDYUT PRASARAN NIGAM LTD.,VIDYUT BHAWAN, JAN PATH, JYOTI NAGAR, JAIPUR vs. DCIT, CIRCLE-6, , JAIPUR

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

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

depreciation as on 31.03.2015 is to the extent of Rs.2034.40 crore. Providing financial help by the Government to these companies also cannot be a reason for not allowing the claim of bad debt. 5. The claim of bad debts is allowable u/s 36(1)(vii) which reads as under:- “subject to the provisions of sub-section (2), the amount

HARBANS LAL SETHI,JAIPUR vs. ADDL. CIT, KOTA

In the result, the appeals of the assessee are partly allowed and that of the Revenue are dismissed

sections. The computation under s. 29 is to be made under s. 145 on the basis of the books regularly maintained by the assessee. If those books are not correct or complete, the ITO may reject those books and estimate the income to the best of his judgment. When such an estimate is made it is in substitution

ACIT(EXEMP), CIRCLE, JAIPUR, JAIPUR vs. RAJASTHAN STATE ROAD TRANSPORT CORPORATION, JAIPUR

In the result, the appeals of the Revenue is dismissed

depreciation, reserve and other funds under section 29, a Corporation may utilise such percentage of its net annual profits as may be specified

ACIT(EXEMP), CIRCLE, JAIPUR, JAIPUR vs. RAJASTHAN STATE ROAD TRANSPORT CORPORATION, JAIPUR

In the result, the appeals of the Revenue is dismissed

depreciation, reserve and other funds under section 29, a Corporation may utilise such percentage of its net annual profits as may be specified

ACIT(EXEMP), CIRCLE, JAIPUR, JAIPUR vs. RAJASTHAN STATE ROAD TRANSPORT CORPORATION, JAIPUR

In the result, the appeals of the Revenue is dismissed

depreciation, reserve and other funds under section 29, a Corporation may utilise such percentage of its net annual profits as may be specified

ACIT(EXEMP), CIRCLE, JAIPUR, JAIPUR vs. RAJASTHAN STATE ROAD TRANSPORT CORPORATION, JAIPUR

In the result, the appeals of the Revenue is dismissed

depreciation, reserve and other funds under section 29, a Corporation may utilise such percentage of its net annual profits as may be specified

ACIT(EXEMP), CIRCLE, JAIPUR, JAIPUR vs. RAJASTHAN STATE ROAD TRANSPORT CORPORATION, JAIPUR

In the result, the appeals of the Revenue is dismissed

depreciation, reserve and other funds under section 29, a Corporation may utilise such percentage of its net annual profits as may be specified

SHREE CEMENT LIMITED,BANGUR NAGAR vs. ACIT, CENTRAL CIRCLE, AJMER

In the result, the appeal of the assessee - appellant in ITA No

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

section 32(1) and, therefore, there is no question of allowing depreciation on said rights. Hon'ble ITAT has referred that facts are similar to the facts for AY 2015-16 and the issue has been decided in favour of assessee in the very same order. It is pertinent to mention here this issue for AY 2015-16 was decided

M/S GIE JEWELS,JAIPUR vs. INCOME TAX OFFICER, WARD-2-1, JAIPUR

In the result, the appeals of the assessee are dismissed

29[(iii) deduction claimed, if any, under section 35AD as reduced by the amount of depreciation allowable in accordance with

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

In the result, the appeal in ITA No

Depreciation (Section 32) 7,25,747 CLOSING WDV 88,29,598 - That profit on sale of property amounting Rs.3326223/- was only

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

In the result, the appeal in ITA No

Depreciation (Section 32) 7,25,747 CLOSING WDV 88,29,598 - That profit on sale of property amounting Rs.3326223/- was only

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-6, JAIPUR vs. M/S. ANAMIKA CONDUCTORS LTD., JAIPUR

In the result, appeal of the Revenue is dismissed and cross objection of the assessee is allowed

29,68,289/- by holding that depreciation @ 80% has to be allowed on complete wind mill without segregating investment on building part and on electric item without appreciating that depreciation 80% is allowable only on wind mill plant not on the other electrical fitting and building etc. (ii) whether on the facts and in the circumstances of the case

ACIT, ALWAR vs. M/S PRIME CHEM OIL LTD.,, ALWAR

depreciation allowance or any other allowance, as the case may be, for the assessment year concerned (hereafter in this section and in sections 148 to 153 referred to as the relevant assessment year)." 27. It is established principle of interpretation of statutes, that the Parliament is presumed to be not extravagant, in using the words, and therefore, every word used

RAM KHILARI MEENA,DAUSA vs. ITO, DAUSA, DAUSA

In the result, the appeal of the assessee is allowed

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

depreciation allowance or any other allowance, as the case may be, for the assessment year concerned (hereafter in this section and in sections 148 to 153 referred to as the relevant assessment year)." 27. It is established principle of interpretation of statutes, that the Parliament is presumed to be not extravagant, in using the words, and therefore, every word used

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

depreciation alternatively claimed by the Appellant.\n6.\nUnder the facts and circumstances of the case and in law, the Ld. CIT(A) has erred\nin not allowing the set off of losses against the total income and has also erred in not\nallowing the carry forward of unabsorbed losses.\n7. under the facts and the circumstances of the 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

depreciation alternatively claimed by the Appellant.\n6.\nUnder the facts and circumstances of the case and in law, the Ld. CIT(A) has erred\nin not allowing the set off of losses against the total income and has also erred in not\nallowing the carry forward of unabsorbed losses.\n7. under the facts and the circumstances of the case