M/S. ALOKIK STEELS PVT. LTD VILLAGE POST-PATAN, TEHSIL-KISHANGARH, DISTRICT-AJMER,KISHANGARH vs. PRINCIPAL COMMISSIONER OF INCOME TAX-II, JAIPUR, JAIPUR

In the result, appeal of the assessee is partly allowed in light of aforesaid directions

depreciation of Rs. 1,92,40,180/-. 4. That thereafter the ld. PCIT issued a notice dated 29.11.2018 u/s. 263 of the Act wherein it was alleged that the ld. Assessing Officer has not considered the above two aspects relating to surrender made before the Central Excise authorities during the course of assessment proceeding and thus the assessment order dated

SHRI DHARMENDRA KUMAR PAREEK,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-2, JAIPUR

In the result, appeal of the assessee is allowed

depreciation under the Income-tax Act was not allowable on the cost of the land on which the building is erected but only on the cost of the superstructure. In that matter, the assessee carried on the business as exhibitor of films. The Income-tax Officer initiated proceedings under section 34

COMPUCOM SOFTWARE LIMITED,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-VI, JAIPUR

In the result, the appeal of the assessee is disposed off in light of aforesaid directions

depreciation on CPP was allowed by the AO while framing the assessment under Section 143(3) after conscious consideration of the material on record. It is not even the case of the Revenue that the formation of the belief regarding the escapement of the assessment by the AO is based on any new material coming on record. Apparently, the formation

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

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

Section 147/148 of the Act. The assessee\ntherefore before us by preferring the present Cross-Objection to challenge\nthe directions and to raise other legal and factual grounds in support of the\ndeletion of the addition. Record reveals that Id. CIT(A) vide page 36 while\ndealing with the appeal of the assessee has issued direction

ACIT, JAIPUR vs. RAJASTHAN STATE INDUSTRIAL DEVELOPMENT & INVESTMENT CORPORATION LTD., JAIPUR

In the result, the Revenue appeal is dismissed and cross

Bench: The Hearing.”

34 of the Act is open to challenge in a court of law.' (Emphasis Supplied) 8. In the matter of ITO v. Lakhmani Mewal Das[1976] 103 ITR 437, the Hon'ble Supreme Court has observed as under : "Production before the Income-tax Officer of the account books or other evidence from which material evidence could with

SHRI JITENDRA KUMAR GUPTA,BHARATPUR vs. INCOME TAX OFFICER, WARD-2, BHARATPUR

In the result, the appeals for the assessment year 2011-12 is dismissed and for the assessment year 2012-13 is allowed

Bench: Or During The Course Of Hearing.”

34 of the Act is open to challenge in a court of law.' (Emphasis Supplied) 8. In the matter of ITO v. Lakhmani Mewal Das[1976] 103 ITR 437, the Hon'ble Supreme Court has observed as under : "Production before the Income-tax Officer of the account books or other evidence from which material evidence could with due diligence amount

SHRI JITENDRA KUMAR GUPTA,BHARATPUR vs. INCOME TAX OFFICER, WARD-2, BHARATPUR

In the result, the appeals for the assessment year 2011-12 is dismissed and for the assessment year 2012-13 is allowed

Bench: Or During The Course Of Hearing.”

34 of the Act is open to challenge in a court of law.' (Emphasis Supplied) 8. In the matter of ITO v. Lakhmani Mewal Das[1976] 103 ITR 437, the Hon'ble Supreme Court has observed as under : "Production before the Income-tax Officer of the account books or other evidence from which material evidence could with due diligence amount

M/S RAJASTHAN RAJYA VIDYUT PRASARAN NIGAM LTD.,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, JAIPUR

In the result, appeal of the assessee is allowed

depreciation to the extent of available income. Subsequently the AO noted that during the previous year relevant to assessment year under consideration the assessee was following mercantile system of accounting and from the current year the method of accounting on deferred subvention receivable from Government of Rajasthan was changed from accrual basis to cash basis. This change of method

SUPREME BUILDESTATES PVT LTD,MADANGANJ- KISHANGARH vs. DCIT CIRCLE 2 AJMER, JAIPUR ROAD AJMER

In the result, appeal of the assessee is allowed

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

depreciation on tangible assets like building machinery, plant, and furniture and also on intangible assets like know- how, patents, trademarks, licenses. Section 33 allows development rebate on machinery, plants and ships. Section 34

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

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

34 of the Act of 1922.\nThe language of clause (a) of section 147 read with sections 148 and 149 of the\nAct of 1961 as also the corresponding provisions of the Act of 1922 makes it plain\nthat two conditions have to be satisfied before the Income-tax Officer acquires\njurisdiction to issue notice under section 148 in respect

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

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

34 of the Act of 1922.\nThe language of clause (a) of section 147 read with sections 148 and 149 of the\nAct of 1961 as also the corresponding provisions of the Act of 1922 makes it plain\nthat two conditions have to be satisfied before the Income-tax Officer acquires\njurisdiction to issue notice under section 148 in respect

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

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

34 of the Act of 1922.\nThe language of clause (a) of section 147 read with sections 148 and 149 of the\nAct of 1961 as also the corresponding provisions of the Act of 1922 makes it plain\nthat two conditions have to be satisfied before the Income-tax Officer acquires\njurisdiction to issue notice under section 148 in respect

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

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

34 of the Act of 1922.\nThe language of clause (a) of section 147 read with sections 148 and 149 of the\nAct of 1961 as also the corresponding provisions of the Act of 1922 makes it plain\nthat two conditions have to be satisfied before the Income-tax Officer acquires\njurisdiction to issue notice under section 148 in respect

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

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

34 of the Act of 1922.\nThe language of clause (a) of section 147 read with sections 148 and 149 of the\nAct of 1961 as also the corresponding provisions of the Act of 1922 makes it plain\nthat two conditions have to be satisfied before the Income-tax Officer acquires\njurisdiction to issue notice under section 148 in respect

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

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

34 of the Act of 1922.\nThe language of clause (a) of section 147 read with sections 148 and 149 of the\nAct of 1961 as also the corresponding provisions of the Act of 1922 makes it plain\nthat two conditions have to be satisfied before the Income-tax Officer acquires\njurisdiction to issue notice under section 148 in respect

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

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

34 of the Act of 1922.\nThe language of clause (a) of section 147 read with sections 148 and 149 of the\nAct of 1961 as also the corresponding provisions of the Act of 1922 makes it plain\nthat two conditions have to be satisfied before the Income-tax Officer acquires\njurisdiction to issue notice under section 148 in respect

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

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

34 of the Act of 1922.\nThe language of clause (a) of section 147 read with sections 148 and 149 of the\nAct of 1961 as also the corresponding provisions of the Act of 1922 makes it plain\nthat two conditions have to be satisfied before the Income-tax Officer acquires\njurisdiction to issue notice under section 148 in respect

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

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

34 of the Act of 1922.\nThe language of clause (a) of section 147 read with sections 148 and 149 of the\nAct of 1961 as also the corresponding provisions of the Act of 1922 makes it plain\nthat two conditions have to be satisfied before the Income-tax Officer acquires\njurisdiction to issue notice under section 148 in respect

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

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

34 of the Act of 1922.\nThe language of clause (a) of section 147 read with sections 148 and 149 of the\nAct of 1961 as also the corresponding provisions of the Act of 1922 makes it plain\nthat two conditions have to be satisfied before the Income-tax Officer acquires\njurisdiction to issue notice under section 148 in respect