RAJ KUMAR KANDOI,JAIPUR vs. ACIT CENTRAL CIRCLE 3, JAIPUR, JAIPUR

In the result, the appeal of the assessee stands allowed with no orders as to costs

depreciation [section 32(2)]. (iv) Any other expenditure (not being a capital expenditure) expended wholly and exclusively for the purpose of earning of such income. 8 RAJ KUMAR KANDOI VS ACIT, CIRCLE-3, JAIPUR The case of the assessee is covered in point no. (iv). Hence the addition made by the AO deserves to be deleted. Clauses

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)

sections (4) to (10) and as increased by the applicable surcharge, for the purposes of the Union, calculated in the manner provided therein, shall be further increased by an additional surcharge, for the purposes of the Union, to be called the “Health and Education Cess on income-tax”, calculated at the rate of four per cent of such income

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

In the result, appeal of the revenue is dismissed

depreciation disallowance on catalyst. iii) Curtailing disallowance out of interest paid on borrowed funds to Rs. 22,45,000/- as against that of Rs. 55,92,19,845/- made by AO since the decision of ld. CIT (A) is not in conformity with the ratio laid down by the Hon’ble Punjab & Haryana High Court in the case

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

In the result, appeal of the revenue is dismissed

depreciation disallowance on catalyst. iii) Curtailing disallowance out of interest paid on borrowed funds to Rs. 22,45,000/- as against that of Rs. 55,92,19,845/- made by AO since the decision of ld. CIT (A) is not in conformity with the ratio laid down by the Hon’ble Punjab & Haryana High Court in the case

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

depreciation disallowance on catalyst. iii) Curtailing disallowance out of interest paid on borrowed funds to Rs. 22,45,000/- as against that of Rs. 55,92,19,845/- made by AO since the decision of ld. CIT (A) is not in conformity with the ratio laid down by the Hon’ble Punjab & Haryana High Court in the case

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

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

section 37 but was in respect to allowing the depreciation u/s 32 of the Act. The submission of the Ld. A/R for the Assessee is that the value of wasting asset will depreciate with the extraction of mineral, in our view, is preposterous. In our view, with passage of guidelines for protecting the environment, now it is the duty

ACIT, JAIPUR vs. STATE BANK OF BIKANER & JAIPUR, JAIPUR

Appeal is dismissed

Section 14A of Rs. 12,92,57,568/-, disallowance of depreciation on securities- for valuing as per global method of Rs. 7,21,74,918/-, disallowance

STATE BANK OF BIKANER & JAIPUR,JAIPUR vs. ACIT, JAIPUR

Appeal is dismissed

Section 14A of Rs. 12,92,57,568/-, disallowance of depreciation on securities- for valuing as per global method of Rs. 7,21,74,918/-, disallowance

M/S KISHANGARH HI TECH TEXTILE PARK LTD.,KISHANGARH vs. ASSISTANT COMMISSIONER OF INCOME TAX (TECH), AJMER

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

depreciation. The term “actual cost” has been defined in section 43(1) of the Act. It provides that the actual cost means the actual cost of the asset to the assessee reduced by that portion of the cost thereof, if any, as has been met directly or indirectly by any other person or authority. Further explanation 10 to section

M/S KISHANGARH HI TECH TEXTILE PARK LTD.,KISHANGARH vs. ASSISTANT COMMISSIONER OF INCOME TAX (TECH), AJMER

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

depreciation. The term “actual cost” has been defined in section 43(1) of the Act. It provides that the actual cost means the actual cost of the asset to the assessee reduced by that portion of the cost thereof, if any, as has been met directly or indirectly by any other person or authority. Further explanation 10 to section

M/S KISHANGARH HI TECH TEXTILE PARK LTD.,KISHANGARH vs. ASSISTANT COMMISSIONER OF INCOME TAX (TECH), AJMER

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

depreciation. The term “actual cost” has been defined in section 43(1) of the Act. It provides that the actual cost means the actual cost of the asset to the assessee reduced by that portion of the cost thereof, if any, as has been met directly or indirectly by any other person or authority. Further explanation 10 to section

M/S KISHANGARH HI TECH TEXTILE PARK LTD.,KISHANGARH vs. ASSISTANT COMMISSIONER OF INCOME TAX (TECH), AJMER

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

depreciation. The term “actual cost” has been defined in section 43(1) of the Act. It provides that the actual cost means the actual cost of the asset to the assessee reduced by that portion of the cost thereof, if any, as has been met directly or indirectly by any other person or authority. Further explanation 10 to section

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

In the result, ground no. 1 of the

depreciation doesnt arise from the assessment order. At the same time, as far as governing law relating to set off for the year under consideration is concerned, the same is allowed as we have held above that it is the amended section 10 ITA No. 390/JP/2014, ITA No. 357/JP/2014 & C.O. No. 16/JP/2014 M/s Emgee Cables & Communications Ltd. Vs. DCIT, Jaipur

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

In the result, the appeals of the Revenue is dismissed

92,41,31,841/-. The ld. DR has relied upon the findings of the AO, where the ld. DR is in opinion of the AO that the assessee which is not allowable for exempt u/s 11 and 12. The ld. Dr relied upon the provisions of Section 2(15) of the Act where that in the last limb

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

In the result, the appeals of the Revenue is dismissed

92,41,31,841/-. The ld. DR has relied upon the findings of the AO, where the ld. DR is in opinion of the AO that the assessee which is not allowable for exempt u/s 11 and 12. The ld. Dr relied upon the provisions of Section 2(15) of the Act where that in the last limb

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

In the result, the appeals of the Revenue is dismissed

92,41,31,841/-. The ld. DR has relied upon the findings of the AO, where the ld. DR is in opinion of the AO that the assessee which is not allowable for exempt u/s 11 and 12. The ld. Dr relied upon the provisions of Section 2(15) of the Act where that in the last limb

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

In the result, the appeals of the Revenue is dismissed

92,41,31,841/-. The ld. DR has relied upon the findings of the AO, where the ld. DR is in opinion of the AO that the assessee which is not allowable for exempt u/s 11 and 12. The ld. Dr relied upon the provisions of Section 2(15) of the Act where that in the last limb

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

In the result, the appeals of the Revenue is dismissed

92,41,31,841/-. The ld. DR has relied upon the findings of the AO, where the ld. DR is in opinion of the AO that the assessee which is not allowable for exempt u/s 11 and 12. The ld. Dr relied upon the provisions of Section 2(15) of the Act where that in the last limb

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

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

section 40A(2)(b), we have already examined this issue at length in ITA No. 698/JP/14 & 738/JP/14 and as discussed therein, the order of the ld CIT(A) is confirmed. Accordingly, both the revenue’s and assessee’s appeal is dismissed. 67. Regarding ground No. 3 of the assessee’s appeal, the relevant finding of the CIT(A) is reproduced