RADHEY SHYAM AGARWAL,JAIPUR vs. ITO, WARD 7(1), JAIPUR, JAIPUR

In the result, both the appeals of the assessee are allowed

carry forward of loss relates to year before amendment. During this year the appellant claimed set off of the brought forward business loss of specified business for Rs. 16,95,003 from the income of the specified business which was disallowed

BITTHAL DAS PARWAL,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3 , JAIPUR

In the result, the appeal filed by the assessee is allowed

Bench: Him. 2. In This Appeal, The Assessee Has Raised The Following Grounds: -

disallowance of carried forward loss will not result in a levy of penalty. The assessee has already declared income of Rs. 6,19,338/- in the return

SUMIT GOEL,JAIPUR vs. INCOME TAX OFFICER , JAIPUR

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

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

carry forward losses and in such situation, the AO has reasonably held the same to be part of bogus LTCG entry as detailed above and hence, reasonably disallowed

ADITYA CEMENT,BEHROR vs. ITO, BEHROR

In the result, the appeal filed by the assessee is partly allowed

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

disallowance of carry forward loss, which are discussed and decided as below:- 3.1 The relevant part of the rectification order

SHANKAR LAL LUDHANI THROUGH LATA DEVI LUDHANI AS LEGAL HEIR,AJMER vs. DCIT, CENTRAL CIRCLE, AJMER, AJMER

In the result, the appeal of the assessee is allowed

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

loss of Rs. 69,93,450/-. Such return was, however, revised under Section 139(5) on 29.11.2006. The Assessing Officer disallowed the carry forward

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

In the result, the appeals of the Revenue is dismissed

disallowable expenditure the assessee has shown net loss of Rs. 4,92,41,31,841/- in the revised Return of Income filed on 31.03.2017. In the computation of income the assessee has claimed Capital Expenditure of Rs. 15,32,76,466/- under the head application of income. As the assessee is not entitled for exemption u/s 11 as discussed above

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

In the result, the appeals of the Revenue is dismissed

disallowable expenditure the assessee has shown net loss of Rs. 4,92,41,31,841/- in the revised Return of Income filed on 31.03.2017. In the computation of income the assessee has claimed Capital Expenditure of Rs. 15,32,76,466/- under the head application of income. As the assessee is not entitled for exemption u/s 11 as discussed above

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

In the result, the appeals of the Revenue is dismissed

disallowable expenditure the assessee has shown net loss of Rs. 4,92,41,31,841/- in the revised Return of Income filed on 31.03.2017. In the computation of income the assessee has claimed Capital Expenditure of Rs. 15,32,76,466/- under the head application of income. As the assessee is not entitled for exemption u/s 11 as discussed above

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

In the result, the appeals of the Revenue is dismissed

disallowable expenditure the assessee has shown net loss of Rs. 4,92,41,31,841/- in the revised Return of Income filed on 31.03.2017. In the computation of income the assessee has claimed Capital Expenditure of Rs. 15,32,76,466/- under the head application of income. As the assessee is not entitled for exemption u/s 11 as discussed above

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

In the result, the appeals of the Revenue is dismissed

disallowable expenditure the assessee has shown net loss of Rs. 4,92,41,31,841/- in the revised Return of Income filed on 31.03.2017. In the computation of income the assessee has claimed Capital Expenditure of Rs. 15,32,76,466/- under the head application of income. As the assessee is not entitled for exemption u/s 11 as discussed above

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.

forward of unabsorbed losses. 8. under the facts and the circumstances of the case and in law, the Ld. CIT (A) has erred in levying interest u/s 234A, 234B and 234C of the Act. 9. the appellant Company craves leave to add, amend and modify all or any ground of appeal on or before the date of hearing. 2. There

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

forward of unabsorbed losses.\n8. under the facts and the circumstances of the case and in law, the Ld. CIT (A) has\nerred in levying interest u/s 234A, 234B and 234C of the Act.\n9. the appellant Company craves leave to add, amend and modify all or any ground\nof appeal on or before the date of hearing.\n2.\nThere

URBAN IMPROVEMENT TRUST,KOTA vs. DCIT (EXEMPTIONS), CIRCLE, JAIPUR, JAIPUR

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

forward of unabsorbed losses.\n8. under the facts and the circumstances of the case and in law, the Ld. CIT (A) has\nerred in levying interest u/s 234A, 234B and 234C of the Act.\n9. the appellant Company craves leave to add, amend and modify all or any ground\nof appeal on or before the date of hearing.\n2.\nThere

URBAN IMPROVEMENT TRUST,KOTA vs. DCIT (EXEMPTIONS), CIRCLE, JAIPUR, JAIPUR

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

forward of unabsorbed losses.\n8. under the facts and the circumstances of the case and in law, the Ld. CIT (A) has\nerrred in levying interest u/s 234A, 234B and 234C of the Act.\n9. the appellant Company craves leave to add, amend and modify all or any ground\nof appeal on or before the date of hearing.\n2.\nThere

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\nunder the Income Tax Act at all and the AO is directed to delete the additions\nmade, irrespective of the head of income

forward of unabsorbed losses.\n8. under the facts and the circumstances of the case and in law, the Ld. CIT (A) has\nerred in levying interest u/s 234A, 234B and 234C of the Act.\n9. the appellant Company craves leave to add, amend and modify all or any ground\nof appeal on or before the date of hearing.\n2. There

URBAN IMPROVEMENT TRUST,KOTA vs. DCIT (EXEMPTIONS), CIRCLE, JAIPUR, JAIPUR

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

forward of unabsorbed losses.\n8. under the facts and the circumstances of the case and in law, the Ld. CIT (A) has\nerred in levying interest u/s 234A, 234B and 234C of the Act.\n9. the appellant Company craves leave to add, amend and modify all or any ground\nof appeal on or before the date of hearing.\n2. There

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

forward of unabsorbed losses.\n8. under the facts and the circumstances of the case and in law, the Ld. CIT (A) has\nerred in levying interest u/s 234A, 234B and 234C of the Act.\n9. the appellant Company craves leave to add, amend and modify all or any ground\nof appeal on or before the date of hearing.\n2.\nThere

URBAN IMPROVEMENT TRUST,KOTA vs. DCIT (EXEMPTIONS), CIRCLE, JAIPUR, JAIPUR

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

forward of unabsorbed losses.\n8. under the facts and the circumstances of the case and in law, the Ld. CIT (A) has\nerred in levying interest u/s 234A, 234B and 234C of the Act.\n9. the appellant Company craves leave to add, amend and modify all or any ground\nof appeal on or before the date of hearing.\n2.\nThere

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

forward of unabsorbed losses.\n8. under the facts and the circumstances of the case and in law, the Ld. CIT (A) has\nerred in levying interest u/s 234A, 234B and 234C of the Act.\n9. the appellant Company craves leave to add, amend and modify all or any ground\nof appeal on or before the date of hearing.\n2.\nThere