JAIPUR ENGINEERING COLLEGE JAIPUR RAJASTHAN SOCIETY,JAIPUR vs. CIRCLE (EXEMPTION), JAIPUR, JAIPUR

In the result, the appeal of the assessee is allowed for statistical purposes

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

164(2) only the part of income not exempt u/s 11 due to applicability of section 13(1)(c) can be charged to tax at MMR but exemption u/s 11 cannot be denied in toto. 2. The Ld. CIT(A), NFAC has erred on facts and in law in confirming the disallowance

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)

164-189) In the case it was held that where assessee's own interest-free funds in form of share capital and free reserves were more than its investment yielding exempt dividend income, impugned order passed by Assessing Officer making interest disallowance under section 14A in relation to such exempt income was to be set aside. (viii) HIGH COURT

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

In the result, the appeals of the Revenue is dismissed

section 2(15). Accordingly for this year its income is computed on the principle of commercial expediency and taxed accordingly. Here, net result is loss of Rs. 4,92,41,31,841/- in P & L A/c of the assessee. After adjustment of disallowable expenditure the assessee has shown net loss of Rs. 4,92,41,31,841/- in the revised

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

In the result, the appeals of the Revenue is dismissed

section 2(15). Accordingly for this year its income is computed on the principle of commercial expediency and taxed accordingly. Here, net result is loss of Rs. 4,92,41,31,841/- in P & L A/c of the assessee. After adjustment of disallowable expenditure the assessee has shown net loss of Rs. 4,92,41,31,841/- in the revised

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

In the result, the appeals of the Revenue is dismissed

section 2(15). Accordingly for this year its income is computed on the principle of commercial expediency and taxed accordingly. Here, net result is loss of Rs. 4,92,41,31,841/- in P & L A/c of the assessee. After adjustment of disallowable expenditure the assessee has shown net loss of Rs. 4,92,41,31,841/- in the revised

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

In the result, the appeals of the Revenue is dismissed

section 2(15). Accordingly for this year its income is computed on the principle of commercial expediency and taxed accordingly. Here, net result is loss of Rs. 4,92,41,31,841/- in P & L A/c of the assessee. After adjustment of disallowable expenditure the assessee has shown net loss of Rs. 4,92,41,31,841/- in the revised

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

In the result, the appeals of the Revenue is dismissed

section 2(15). Accordingly for this year its income is computed on the principle of commercial expediency and taxed accordingly. Here, net result is loss of Rs. 4,92,41,31,841/- in P & L A/c of the assessee. After adjustment of disallowable expenditure the assessee has shown net loss of Rs. 4,92,41,31,841/- in the revised

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)

164(2) and(3). That the Ld. CIT(A) also erred in not allowing the ground. 4. That the Id A.O. grossly erred disallowing the donation Expenses Rs. 29,5100.00. The Ld. CIT(A) also erred not allowing the ground. 4 OM KOTHARI FOUNDATION VS ITO (EXEMPTION), WARD -1 , JAIPUR 5. That the Id. A.O. grossly erred in disallowing

WHOLE SALE CLOTH MERCHANT ASSOCIATION ,KOTA vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE KOTA , KOTA

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

164(2) of the Income Tax Act reads as under-\n(2) In the case of relevant income which is derived from property held under\ntrust wholly for charitable or religious purposes, \"for which is of the nature\nreferred to in sub-clause (a) of clause (24) of section 2.] for which is of the\nnature referred

WHOLE SALE CLOTH MERCHANT ASSOCIATION ,KOTA vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE KOTA , KOTA

164(2) of the Income Tax Act reads as under-\n\n(2) In the case of relevant income which is derived from property held under\ntrust wholly for charitable or religious purposes, \"for which is of the nature\nreferred to in sub-clause (a) of clause (24) of section 2.] for which is of the\nnature referred

DEPUTY COMMISSIONER OF INCOME TAX, EXEMPTIONS, CIRCLE, JAIPUR, JAIPUR vs. JYOTI VIDYAPEETH TRUST, JAIPUR

16. As a result, finding no merit in the appeal filed by the department, the same is hereby dismissed

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

Section 13(1)(c)(ii), 13(2)(c) and 164(2) of the Act, and the decisions relied on behalf of the assessee before Learned CIT(A), there is merit in the contention raised on behalf of the assessee-appellant that only excessive payment of salaries deserves to be disallowed

MAYUR UNIQUOTERS LIMITED,JAIPUR vs. COMMISSIONER OF INCOME TAX NFAC, NEW DELHI

Appeals of the assesse are disposed of in the terms indicated as above

disallowable expense. TheFinance Act 2022 has amended section 40 by inserting Explanation 3 with effectfrom 1-4-2005 to provide that the term ‘tax’ shall include and shall be deemed tohave always included any surcharge or cess. In light of the amendment effectedretrospectively, it is held that Education cess is not an allowable Expense and theadditional ground raised

M/SO. COLUMBUS OVERSEAS LLP,JAIPUR vs. ACIT, CIRCLE-1, JAIPUR

disallowing the excess interest payment from the computation of the income out of profit as per profit & loss account. Therefore the Learned CIT(A) has wrongly rejected the claim of the assessee which deserve to be deleted. Ground 2- Under the facts and circumstances of the case the learned CIT(A) erred in confirming the addition

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

164(2)—Total amount was treated as income by invoking\r\nSection 13(1)(b) read with Section 11(5)—Amount said to have received as\r\ndonation was added back to income of assessee under Section 69А—CIT(A)\r\naffirmed view taken by Assessing Officer except for granting partial relief such\r\nas with regard to claim

M/S TRADITIONAL GALLERY PVT. LTD.,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-4, JAIPUR

In the result, appeals of the assessee are allowed

section 36(1)(iii) and disallowance of Rs. 33,83,847/- on account of disallowance u/s 14A of the IT Act. Aggrieved by the order of the AO, the assessee preferred appeal before the ld. CIT (A). The ld. CIT (A) confirming the order of the AO, sustained the addition of Rs. 91,15,011/-. Now the assessee

M/S TRADITIONAL GALLERY PVT. LTD.,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-4, JAIPUR

In the result, appeals of the assessee are allowed

section 36(1)(iii) and disallowance of Rs. 33,83,847/- on account of disallowance u/s 14A of the IT Act. Aggrieved by the order of the AO, the assessee preferred appeal before the ld. CIT (A). The ld. CIT (A) confirming the order of the AO, sustained the addition of Rs. 91,15,011/-. Now the assessee

PINCITY JEWLHOUSE PVT. LTD.,JAIPUR vs. PCIT, CC, JAIPUR, JAIPUR

In the result, the appeal of the assessee is allowed

Bench: the date of hearing." 3. At the outset of hearing, the Bench observed that there is delay of 58 days in filing of the present appeal by the assessee for which the Id. AR of 3

164] 11. That the case of the assessee appellant prior to and subsequent to the survey proceeding was regularly selected for the scrutiny assessment / reassessment and details of additions / disallowances made vide assessment orders prior to survey and post survey are as under: Assessment Year Issue under Scrutiny Particulars Paper Book Detail 2010-2011 Claiming Deduction Income Accepted

SH. HARI PRAKASH GUPTA,JAIPUR vs. ITO, WARD-1(2), JAIPUR, JAIPUR

The appeal stands allowed

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

disallowance of Sh. Hari Prakash Gupta vs. ITO Rs.5,26,000/- confirmed by the Ld. CIT(A) is against the provisions of the Act and the same be deleted. 7. The ld. AR of the assessee in addition to the above written submission so filed vehemently argued that it is not disputed by the revenue that the case was reopened

RAVINDER SINGH THAKKAR,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, JAIPUR

In the result the appeal of the assessee in ITA no

164 taxmann.com 659\n(Bombay)\nHeld: Where notice under section 148 was issued by Jurisdictional Assessing\nOfficer (JAO) and not by a Faceless Assessing Officer (FAO), as is required by\nprovisions of section 151A, impugned notice issued by JAO would be quashed\nReliance JioInfocomm Ltd. v. Deputy Commissioner of Income-tax [2024]\n165 taxmann.com 547 (Bombay)\nHeld: As per provisions