SAROJ DEVI HALDIYA,JAIPUR vs. ITO WARD-6(1), JAIPUR, JAIPUR

disallowed The assessee also accepted Rs.\n75,00,000 as an advance in relation of transfer of capital asset. The assessee\nfailed to give a satisfactory reply and provide any required details. Hence, the\nA.O. completed the assessment and passed order u/s 147/1448 of the Income-\ntax Act dated 13.12.2019 Assessing total Income

CAREER POINT LIMITED,KOTA, RAJASTHAN vs. PRINCIPAL COMMISSIONER OF INCOME TAX, UDAIPUR, RAJASTHAN

In the result, the appeal of the assessee is allowed

Bench: HON’BLE SHRI SANDEEP GOSAIN, JM & HON’BLE SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

142 of the Income Tax Act, 1961 were issued during the course of assessment proceedings. S. No Date of Notice PB PAGE 23rd Sep 2019 ITBA/AST/S/143(2)/2019- 230-231/Vol -2 20/1018220568(1) 18th Feb 2020 ITBA/AST/F/142(1)/2019- 234-238/Vol-2 20/1025356837(1) 16th Dec 2020 ITBA/AST/F/142(1)/2020- 239-240/Vol-2 21/1029027261(1) Above notices were duly

GANGAUR EXPORTS PRIVATE LIMITED,JAIPUR vs. THE PCIT-2, JAIPUR

In the result grounds raised by the assessee are allowed and order of Ld

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

section 142(1) along with questionnaire were issued to the assessee, in response to which the assessee has submitted the requisite details through e-proceedings. The assessment was completed vide order dated 01/02/2021 wherein disallowance

THIKARIYA GRAM SEWA SAHKARI SAMITI LTD ,THIKARIYA vs. AO CPCITO WARD SIKAR, SIKAR

In the result, both the appeals filed by the assessee are allowed

section 142, such\nreturn shall be processed in the following manner namely\n(a) The total income or loss shall be computed after making the\nfollowing adjustments, namely:\n(i)Any arithmetical error in the return\n(ii) An incorrect claim, if such incorrect claim is apparent from\nany information in the return;\n(iii) Disallowance

SHRI GOVIND NARAIN JOHARI,JAIPUR vs. DCIT, CENTRAL CIRCLE-3, JAIPUR

In the result, the appeal of the assessee is allowed

Bench: Although The Second Round Of Assessment Was Completed At The Directions Of Hon’Ble Itat.

disallowance of Rs. 16,02,991/- on account of interest paid for funds used in the WIP construction without any valid ground and hence needs to be deleted. 9. The assessee carves the right to add, delete, amend or abandon any ground of appeal before or during the course of hearing. The ld. A/R of the assessee has submitted that

KATRATHAL GRAM SEWA SAHKARI SAMITI LIMITED ,KATRATHAL vs. ITO WARD 1 SIKAR, SIKAR

disallowed the deduction claimed u/s 80P as per the provision\r\nof section 80AC of the Act.\r\n5. 1. Before moving further, let me first surface provision of section 80AC of the Act\r\nwhich comes into force from 01/04/2018. The provision of section 80AC is as under\r\n:-\r\n[Deduction not to be allowed unless return

SANJIV PRAKASHAN,JAIPUR vs. ACIT, CIRCLE-1, JAIPUR

In the result, the appeal of the assessee is dismissed

section 142, such return shall be processed\nin the following manner, namely:—\n(a) the total income or loss shall be computed after making\nthe following adjustments, namely:—\n(i) any arithmetical error in the return;\n(ii) an incorrect claim, if such incorrect claim is apparent from\nany information in the return;\n(iii) disallowance

LATE SH. BIRDI CHAND THROUGH LEGAL HEIR MUKESH SHARMA ,JAIPUR vs. ITO, WARD-7(2), JAIPUR, JAIPUR

In the result, the appeal of the assessee is allowed

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

142(1) dated 30.10.2018 in the name of assessee instead of in the name of legal heir. In response thereto the A/R of assessee vide letter dated 03.11.2018 again brought to the notice of ld. AO that assessee has expired on 09.01.2018. 3.2 The AO in spite of the fact that assessee has expired on 09.01.2018 and this fact having

OCEAN EXIM INDIA PRIVATE LTD,JAIPUR vs. ITO WARD 1(2), JAIPUR

In the result, the appeal of the assessee is dismissed

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

section 142, such return shall be processed in the following manner, namely:— ** ** ** (a) the total income or loss shall be computed after making the following adjustments, namely:- (i) any arithmetical error in the return; (ii an incorrect claim, if such incorrect claim is apparent from any information in the return; (iii) disallowance

ARAVALI BUILDHOMES LLP,JAIPUR vs. AO CPC, JAIPUR

In the result, the appeal of the assessee is allowed

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

disallowance of deduction claimed under any of the provisions of Chapter VI-A under the heading “C.— 14 Aravali Buildhome LLP Deductions in respect of certain incomes” (which includes deduction under section 80P of the Act), can be made if the return is furnished beyond the due date specified under sub-section (1) of section 139. This amendment has been

LALIT KUMAR CHABRA,KOTA vs. ITO WARD 2(2), KOTA

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

142 read with article 141 and listed the matter for 19.07.2021. Thereby, effectively, limitation stands suspended from 15.03.2020. That, again Hon’ble Supreme Court, vide order dated 10.01.2022 in MA no. 21 of 2022 restored its original order whereby limitation period was extended and further extended period upto 28.02.2022. Thus, it is submitted that the delay in filling the appeal

LALIT KUMAR CHABRA,KOTA vs. ITO WARD 2(2), KOTA

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

142 read with article 141 and listed the matter for 19.07.2021. Thereby, effectively, limitation stands suspended from 15.03.2020. That, again Hon’ble Supreme Court, vide order dated 10.01.2022 in MA no. 21 of 2022 restored its original order whereby limitation period was extended and further extended period upto 28.02.2022. Thus, it is submitted that the delay in filling the appeal

GOYAL SALT PRIVATE LTD.,JAIPUR vs. DCIT CPC, BENGALURU

In the result, the appeal of the assessee is allowed

142 read with article 141 and listed the matter for 19.07.2021. Thereby, effectively, limitation stands suspended from 15.03.2020. That, again Hon’ble Supreme Court, vide order dated 10.01.2022 in MA no. 21 of 2022 restored its original order whereby limitation period was extended and further extended period upto 28.02.2022. Thus, it is submitted that the delay in filling the appeal

RASHLEELA ENTERPRISES PRIVATE LIMITED,JAIPUR vs. THE PCIT (CENTRAL), JAIPUR

In the result, the appeal of the assessee is allowed

section 14A r.wrule 8D in respect of total finance cost\nincurred at Rs. 86,73,560/- by ignoring the submission filed by the\nassessee that entire finance cost is incurred on specified and\nidentifiable items and no part of the finance cost is directly related to\ninvestment made in shares and therefore in absence of any\nexpenditure no disallowance

PARIS ELYSEES INDIA PRIVATE LIMITED,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX , CIRCLE-7, JAIPUR

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

Bench: SHRI SANDEEP GOSAIN (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

section 142, such return shall be processed in the following manner, namely:— (a) the total income or loss shall be computed after making the following adjustments, namely:— (i) any arithmetical error in the return; (ii) an incorrect claim, if such incorrect claim is apparent from any information in the return; (iii) disallowance

TRANSINDIA NONWOVENS PVT. LTD.,JAIPUR vs. DCIT, CPC, BANGALORE

In the result, the appeal of the assessees is allowed

section 142, such return shall be processed in the following manner, namely:- (a) the total income or loss shall be computed after making the following adjustments, namely;- ……………………… (ii) an incorrect claim, if such incorrect claim is apparent from any information in the return; ………………….. (iv) disallowance

AGRASEN ENGINEERING INDUSTRIES PRIVATE LIMITED,JAIPUR vs. NATIONAL E-ASSESSMENT CENTRE, DELHI

In the result, the appeal of the assessee is allowed

Bench: Him.

section 14A in the appellant’s case without any doubt. 1.2 rejecting the submission of the appellant that the investments were made out of non-interest-bearing funds as the assessee had sufficient own funds. 1.3 confirming the part of the addition made by Ld. A.O. without considering the fact that the all the expenses were incurred wholly and exclusively

M/S ETERNAL HEART CARE CENTRE & RESEARCH INSTITUTE PVT. LTD. ,3A, JAGATPURA ROAD, NEAR JAWAHAR CIRCLE, JAIPUR vs. PCIT, JAIPUR-2, JAIPUR

In the result, appeal filed by the assessee is allowed

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

section 142(1) of the Income Tax Act, 1961, the assessee filed the requisitioned details documents electronically. 4. On the basis of material available on record and the explanation of the assessee on the issue, the total income of the assessee is hereby computed at Nil which also includes total income of the assessee as computed in processing