RAJESH MOTORS MOTOCORP PRIVATE LIMITED,JAIPUR vs. DEPUTY COMMISSIONER CIRCLE-4 JAIPUR, JAIPUR

In the result, the appeal of the assessees is allowed

193/- which was processed U/s 143(1) of the IT Act and in terms of intimation dated 13.11.2019 issued by CPC, it made disallowance of Rs. 1,69,855/- towards employee’s contribution towards ESI and PF. On appeal, the ld. CIT(A), NFAC has confirmed the disallowance made U/s 143(1) on account of assessee’s failure to Rajesh

RAJASTHAN STATE INDUSTRIAL DEVELOPMENT & INVESTMENT CORP. LTD.,JAIPUR vs. ACIT, JAIPUR

In the result, both set of cross appeals for the respective assessment years are disposed off with above directions

disallowance so made under section 14A and whether the same is to be considered for the purposes of computing the book profits u/s 115JB is concerned, following the Special Bench decision in case of Vireet Rajasthan State Industries Development & Investment Corp. Ltd. Investments (supra), the AO is directed to delete the adjustment so computed u/s 14A while computing the book

DCIT, JAIPUR vs. RAJASTHAN STATE INDUSTRIAL DEVELOPMENT & INVESTMENT CORPORTATION LTD., JAIPUR

In the result, appeals of the assessee are partly allowed and appeals of the Revenues are dismissed

Section 14A r.w.r 8D and made disallowance of Rs. 38,75,046/- . The assessee challenged the action of the AO before the ld. CIT(A) and contended that the profit on sale of shares and securities has been assessed under the head income from profit and gain from business and not under the head capital gain. Therefore, the AO cannot

RAJASTHAN STATE INDUSTRIAL DEVELOPMENT & INVESTMENT CORP. LTD.,JAIPUR vs. ACIT, JAIPUR

In the result, appeals of the assessee are partly allowed and appeals of the Revenues are dismissed

Section 14A r.w.r 8D and made disallowance of Rs. 38,75,046/- . The assessee challenged the action of the AO before the ld. CIT(A) and contended that the profit on sale of shares and securities has been assessed under the head income from profit and gain from business and not under the head capital gain. Therefore, the AO cannot

DCIT, JAIPUR vs. RAJASTHAN STATE INDUSTRIAL DEVELOPMENT & INVESTMENT CORPORTATION LTD., JAIPUR

In the result, appeals of the assessee are partly allowed and appeals of the Revenues are dismissed

Section 14A r.w.r 8D and made disallowance of Rs. 38,75,046/- . The assessee challenged the action of the AO before the ld. CIT(A) and contended that the profit on sale of shares and securities has been assessed under the head income from profit and gain from business and not under the head capital gain. Therefore, the AO cannot

ACIT, JAIPUR vs. RAJASTHAN STATE INDUSTRIAL DEVELOPMENT & INVESTMENT CORP., JAIPUR

In the result, appeals of the assessee are partly allowed and appeals of the Revenues are dismissed

Section 14A r.w.r 8D and made disallowance of Rs. 38,75,046/- . The assessee challenged the action of the AO before the ld. CIT(A) and contended that the profit on sale of shares and securities has been assessed under the head income from profit and gain from business and not under the head capital gain. Therefore, the AO cannot

ACIT, JAIPUR vs. RAJASTHAN STATE INDUSTRIAL DEVELOPMENT & INVESTMENT CORPORATION LTD., JAIPUR

In the result, appeals of the assessee are partly allowed and appeals of the Revenues are dismissed

Section 14A r.w.r 8D and made disallowance of Rs. 38,75,046/- . The assessee challenged the action of the AO before the ld. CIT(A) and contended that the profit on sale of shares and securities has been assessed under the head income from profit and gain from business and not under the head capital gain. Therefore, the AO cannot

RAJASTHAN STATE INDUSTRIAL DEVELOPMENT & INVESTMENT CORP. LTD.,JAIPUR vs. ACIT, JAIPUR

In the result, appeals of the assessee are partly allowed and appeals of the Revenues are dismissed

Section 14A r.w.r 8D and made disallowance of Rs. 38,75,046/- . The assessee challenged the action of the AO before the ld. CIT(A) and contended that the profit on sale of shares and securities has been assessed under the head income from profit and gain from business and not under the head capital gain. Therefore, the AO cannot

RAJASTHAN STATE INDUSTRIAL DEVELOPMENT & INVESTMENT CORP. LTD.,JAIPUR vs. DCIT, JAIPUR

In the result, appeals of the assessee are partly allowed and appeals of the Revenues are dismissed

Section 14A r.w.r 8D and made disallowance of Rs. 38,75,046/- . The assessee challenged the action of the AO before the ld. CIT(A) and contended that the profit on sale of shares and securities has been assessed under the head income from profit and gain from business and not under the head capital gain. Therefore, the AO cannot

ACIT, JAIPUR vs. RAJASTHAN STATE INDUSTRIAL DEVELOPMENT & INVESTMENT CORP., JAIPUR

In the result, appeals of the assessee are partly allowed and appeals of the Revenues are dismissed

Section 14A r.w.r 8D and made disallowance of Rs. 38,75,046/- . The assessee challenged the action of the AO before the ld. CIT(A) and contended that the profit on sale of shares and securities has been assessed under the head income from profit and gain from business and not under the head capital gain. Therefore, the AO cannot

RAJASTHAN STATE INDUSTRIAL DEVELOPMENT & INVESTMENT CORP. LTD.,JAIPUR vs. ACIT, JAIPUR

In the result, appeals of the assessee are partly allowed and appeals of the Revenues are dismissed

Section 14A r.w.r 8D and made disallowance of Rs. 38,75,046/- . The assessee challenged the action of the AO before the ld. CIT(A) and contended that the profit on sale of shares and securities has been assessed under the head income from profit and gain from business and not under the head capital gain. Therefore, the AO cannot

DCIT, JAIPUR vs. GVK JAIPUR EXPRESSWAY PVT LTD, JAIPUR

In the result, the appeal of the revenue for the years [A

section 115JB, Explanation-1(c) are\nnot applicable in the case of the assessee company and thus the provision\nmade towards the surface renewal coat being ascertained liability deserves to\nbe allowed as claimed.\n\nIt is further submitted that it cannot be said that it is a simple provision made\nbut rather it is an expenditure which

DCIT, JAIPUR vs. GVK JAIPUR EXPRESSWAY PVT LTD, JAIPUR

In the result, the appeal of the revenue for the years [A

disallowed the same while determining\nthe income under the regular provisions holding that the basis of\nestimation of such cost of overlay expenses is not done on a scientific\nbasis and is thus in a nature of contingent liability. On appeal, the ld\nCIT(A) has returned a finding that expenditure related to keeping the\nroughness of the highway

MOUNT SHIVALIK INDUSTRIES LTD.,ALWAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, ALWAR

In the result the ground of appeal is allowed for statistical purposes

Section 40(a)(ia) of the Act. In the result, ground no. 1 of the assesse’s appeal is dismissed. 6. In ground Nos. 2 and 4, the assessee has challenged the disallowance of Rs. 15,29,193

DCIT, C-2, AJMER vs. JAI NARAYAN AGARWAL,, JAIPUR

In the result, appeal of the Revenue is dismissed

Bench: Or At The Time Of Hearing.”

Section 14A may apply. This is so because what is relevant is not the earning of exempt income but having expenditure relatable to exempt income (in whichever year it may actually be earned). Therefore proportionate interest pertaining to investment for earning of dividend is disallowable even if no exempt income is earned during the year. 3 DCIT vs. Jai Narayan

DCIT, JAIPUR vs. RAJASTHAN COOPERATIVE DAIRY FEDERATION LTD, JAIPUR

In the result the appeal of the revenue in ITA No

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

disallowed the deductions holding that assessee is not carrying out banking business nor the income is derived from providing any credit facilities to its members. The Ld. CIT(A) allowed claim of deduction u/s 80P in respect of entire amount. The Ld. D/R submitted that assessee has earned income on account of interest on FDR with co-operative bank

DCIT, JAIPUR vs. RAJASTHAN COOPERATIVE DAIRY FEDERATION LTD, JAIPUR

In the result the appeal of the revenue in ITA No

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

disallowed the deductions holding that assessee is not carrying out banking business nor the income is derived from providing any credit facilities to its members. The Ld. CIT(A) allowed claim of deduction u/s 80P in respect of entire amount. The Ld. D/R submitted that assessee has earned income on account of interest on FDR with co-operative bank

DCIT, JAIPUR vs. RAJASTHAN COOPERATIVE DAIRY FEDERATION LTD, JAIPUR

In the result the appeal of the revenue in ITA No

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

disallowed the deductions holding that assessee is not carrying out banking business nor the income is derived from providing any credit facilities to its members. The Ld. CIT(A) allowed claim of deduction u/s 80P in respect of entire amount. The Ld. D/R submitted that assessee has earned income on account of interest on FDR with co-operative bank

MAHADEV ENCLAVE PVT. LTD.,JAIPUR vs. PCIT(CENTRAL), JAIPUR, JAIPUR

In the result, the appeal of the assessee is allowed

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

section 14A was not invoked. In the year under consideration there is no investment in the agricultural land. In all earlier years no disallowance was made u/s 14A. Hence by following the rule of consistency, if the AO has not made any enquiry on this issue, his order cannot be held erroneous. Reliance in this connection is placed