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

section 148 or to disclose fully and truly all material facts necessary for his assessment for that assessment year.” 14. In the instant case, what is relevant is whether the income has escaped assessment by reason of failure on part of the assessee to disclose fully and truly all material facts necessary for his assessment for that assessment year

ANAMIKA CONDUCTORS PVT. LTD.,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-6, JAIPUR

In the result, appeal of the assessee is allowed in part in terms indicated hereinabove

section 32 of IT Act under which the assessee company is legally entitled to deduction of depreciation 73,53,340/- on the Winds

OM KOTHARI FOUNDATION,JAIPUR, RAJASTHAN vs. ITO, (EXEMPTION) WARD-1, JAIPUR, JAIPUR, RAJASTHAN

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

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

section 32(1) would mean double deduction, which is not permissible in view of the decision of the Apex Court in the case of Escorts Ltd. v. Union of India [1993] 199 ITR 43/[1992] 65 Taxman 420. The depreciation being notional expenditure will not fall under the expression 'actually applied' as held by the Apex Court in the case

EMGEE CABLES & COMMUNICATIONS LTD.,JAIPUR vs. DCIT, JAIPUR

In the result, ground no. 1 of the

section 73, the allowance or the part of the allowance to which effect has not been given, as the case may be, shall be added to the amount of the allowance for depreciation

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

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)

73,077/-. The levy of additional tax or Surcharge was introduced for the first time by the Finance Act of 2004 Chapter II of the said Act pertains to Rates of Income Tax and Section 2(11) covers the levy of "cess" for the first time under the "Chapter: Rates of Income Tax". A careful reading of the same which

ANAMIKA CONDUCTORS PVT. LTD. ,JAIPUR vs. ACITDCIT, JAIPUR, JAIPUR

7. In view of the above reasons and findings, this appeal deserves to be allowed

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

73,275/-claimed by the assessee in its computation of income, was found to include depreciation of a sum of Rs.3,23,689/-found to have already been 3 ANAMIKA CONDUCTORS PVT LTD. VS ACIT, CIRCLE6, JAIPUR considered while calculating deductions u/s 80 IA of the Act. In other words, Assessing Officer was of the view that depreciation

BANSAL CLASSES PVIVATE LTD.,KOTA vs. JCIT, KOTA

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

73,017/- However; depreciation on Xerox Machine and Printers is admissible @ 15% and not @ 60% claimed by the assessee. Hence; excess depreciation has been claimed by the assessee, as under:- Item Amount of depreciation Excess depreciation admissible claimed Xerox Machine Rs. 14,362/- Rs. 43,088/- Canon Printers Rs. 3,442/- Rs. 10,328/- HP Printer

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

In the result, the appeal in ITA No

73,246 Less: Sale Proceeds 47,00,000 95,55,345 Less: Allowable Depreciation (Section 32) 7,25,747 CLOSING

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

In the result, the appeal in ITA No

73,246 Less: Sale Proceeds 47,00,000 95,55,345 Less: Allowable Depreciation (Section 32) 7,25,747 CLOSING

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

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

section 43B. In view of the mandate of clause (a) of section 47 ITA No. 253/JP/2015 along with 13 other appeals. M/s Rajasthan State Mines & Minerals Ltd. 43B of the Act, we do not see any reason to interfere into the order of the Ld. CIT(A), same is hereby affirmed, the ground of the assessee’s appeal is dismissed

SABOO SODIUM CHLORO LTD.,JAIPUR vs. ITO, JAIPUR

In the result, appeal of the assessee is allowed

73 (Bom.). 3 M/s. Saboo Sodium Chloro Ltd., Jaipur. 3.1. On the other hand, the ld. D/R has relied upon the orders of the authorities below and submitted that as per the existing provisions of section 32(2) applicable for the assessment years 1998-99 and 1999-2000 the unabsorbed depreciation

PRINCESS INFRA & DEVELOPMENT LLP,KOTA vs. ACIT-CENTRAL CIRCLE-KOTA , KOTA

In the result, both the appeals of the assesseeare allowed for statistical purposes as indicate hereinabove

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

73,795 asdiscussed is added to the total income of the assessee firm for AY 2018-19 asper provisions of section 56(2)(x) of the IT Act.’’ 7.2 The submissions of the appellant during the appellate proceedings are reproduced as under: The appellant has stated relevant facts of the case is already reproduced in foregoing para 5.2 .Therefore

PRINCESS INFRA & DEVELOPMENT LLP,KOTA vs. ACIT-CENTRAL CIRCLE-KOTA, KOTA

In the result, both the appeals of the assesseeare allowed for statistical purposes as indicate hereinabove

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

73,795 asdiscussed is added to the total income of the assessee firm for AY 2018-19 asper provisions of section 56(2)(x) of the IT Act.’’ 7.2 The submissions of the appellant during the appellate proceedings are reproduced as under: The appellant has stated relevant facts of the case is already reproduced in foregoing para 5.2 .Therefore

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.

depreciation alternatively claimed by the Appellant. 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

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.

depreciation alternatively claimed by the Appellant. 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

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

SHREE CEMENT LIMITED,BEAWAR vs. NATIONAL FACELESS ASSESSMENT CENTRE, DEPUTY COMMISSIONEROF INCOME TAX, CIRCLE -2, AJMER, AJMER

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

KATH BROTHERS,JAIPUR vs. ACIT, CENTRAL CIRCLE-3, JAIPUR, JAIPUR

In the result, the appeal of the assessee is allowed

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

section 69.” • In the case of Bajaj Sons. Ltd., the Hon’ble Chandigarh Bench of ITAT, ITA No. 1127/CHD/2019, has stated as under: “The AO has not pointed out any unexplained credit in the books of account, any unexplained investment, any unexplained money, bullion or jewellery, any unexplained expenditure or any amount of loan repaid in the assessment order