INCOME TAX OFFICER (EXEMPTION), WARD-1, JAIPUR vs. RAJASTHAN CRICKET ASSOCIATION, JAIPUR

In the result, the matter is decided in favour of the assessee and against the Revenue and the ground of appeal so taken by the assessee society is thus allowed

Section 12AA and proviso. 11. If there is any breach of any condition/s then they may cancel the registration, however, they have to follow the procedure. The contention that non communication of changes of purpose will automatically cancel the registration, in our considered opinion, is not a valid argument. However, in view of the specific clause which has been there

INCOME TAX OFFICER (EXEMPTION),WARD, JAIPUR, JAIPUR vs. RAJASTHAN CRICKET ASSOCIATION, JAIPUR

In the result, appeal of the Department is dismissed

Bench: The Hon’Ble Tribunal In The Interest Of Justice.

38 (Jaipur - Trib.) and the relevant findings read as under: “14. On perusal of the assessment order, it is noted that the prime reason for denial of exemption under section 11 of the Act by the Assessing officer is systematic generation of surplus year after year under various heads of income by the assessee society. As per Assessing officer

INCOME TAX OFFICER, JAIPUR vs. RAJASTHAN CRICKET ASSOCIATION, JAIPUR

In the result, appeal of the Department is dismissed

Bench: The Hon’Ble Tribunal In The Interest Of Justice.

38 (Jaipur - Trib.) and the relevant findings read as under: “14. On perusal of the assessment order, it is noted that the prime reason for denial of exemption under section 11 of the Act by the Assessing officer is systematic generation of surplus year after year under various heads of income by the assessee society. As per Assessing officer

INCOME TAX OFFICER (EXEMPTIONS), WARD, JAIPUR, JAIPUR vs. RAJASTHAN CRICKET ASSOCIATION, JAIPUR

In the result, appeal of the Department is dismissed

Bench: The Hon’Ble Tribunal In The Interest Of Justice.

38 (Jaipur - Trib.) and the relevant findings read as under: “14. On perusal of the assessment order, it is noted that the prime reason for denial of exemption under section 11 of the Act by the Assessing officer is systematic generation of surplus year after year under various heads of income by the assessee society. As per Assessing officer

ACIT(EXEMPTION), JAIPUR vs. MAHIMA SHIKSHA SAMITI, JAIPUR

In the result, all the grounds taken by the Revenue are dismissed and ground taken by the assessee society is allowed

disallowed, contribution to Jaipur National University which has not been held to be application of income in view of violation of section 13(1)(c) and section 13(2)(a) of the Act, and addition to fixed Assets which have not been allowed as application of income. Taking into consideration all these issues in addition to systematic generation of surplus

SMT. BIRMA DEVI,JAIPUR vs. INCOME TAX OFFICER, WARD-6-2, JAIPUR

In the result, appeal of the assessee is allowed in terms indicated

Bench: The Hearing Of This Appeal.”

disallowing the deduction claimed by the assessee u/s 54B. (iii) The Ld. CIT(A) failed to consider that the agricultural land sold by assessee is not an asset u/s 2(14)(iii)(a) or (b) as these provisions stood then and therefore no capital gains are leviable. The agricultural land sold by the assessee is not urban but rural agricultural

MAHENDRA SHARMA,JAIPUR vs. ITO, WARD-3(1), JAIPUR

In the result, the appeal of the assessee is allowed

38) of I.T. Act. The appellant had sold shares named as\nM/s Shree Nath Commercial & Finance Ltd. the same were found to be penny\nstock. The learned AO contented that the underlined companies were bogus and\nwithout any substance and he observed that there is sudden surge in the volume\ntraded and price is artificially rigged for these shares

ACIT, CIRCLE, BHARATPUR vs. M/S. JAGDAMBE STONE COMPANY, BHARATPUR

In the result, this appeal of the Revenue is dismissed

Bench: Shri Sandeep Gosain, Jm & Shri Vikram Singh Yadav, Am

disallowance under section 40(a)(ia) read with section 194C of the Act. IN this regard, he placed reliance on the judgement of ITAT Kolkata in the case of Soma Rani Ghosh Vs DCIT Kolkata, ITA No. 1420/KOL/2015. Once the conditions of Section 194C(6) is satisfied, the liability to deduct the TDS would cease and accordingly, application of section

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. USHA BANKA, SIKAR

In the result, the appeals of the revenue in ITA No

38) of the Act. (Annexure A/1)\nHe also based on the MCA master data submitted that the company has\nfiled its balance sheet with ROC up to 31/03/2020 & last AGM of company\nwas held on 24/12/2020. The share is also traded on BSE. Based on that\nset of facts and decision relied upon he supported his claim on the merits

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. VIPUL BANKA, SIKAR

In the result, the appeals of the revenue in ITA No

38) of the Act. (Annexure A/1)\nHe also based on the MCA master data submitted that the company has\nfiled its balance sheet with ROC up to 31/03/2020 & last AGM of company\nwas held on 24/12/2020. The share is also traded on BSE. Based on that\nset of facts and decision relied upon he supported his claim on the merits

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. SARITA DEWAN, SIKAR

In the result, the appeals of the revenue in ITA No

38) of the Act. (Annexure A/1)\nHe also based on the MCA master data submitted that the company has\nfiled its balance sheet with ROC up to 31/03/2020 & last AGM of company\nwas held on 24/12/2020. The share is also traded on BSE. Based on that\nset of facts and decision relied upon he supported his claim on the merits

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. SNEHLATA AGARWAL, SIKAR

In the result, the appeals of the revenue in ITA No

38) of the Act. (Annexure A/1)\nHe also based on the MCA master data submitted that the company has\nfiled its balance sheet with ROC up to 31/03/2020 & last AGM of company\nwas held on 24/12/2020. The share is also traded on BSE. Based on that\nset of facts and decision relied upon he supported his claim on the merits

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. PRIYA DEWAN, SIKAR

In the result, the appeals of the revenue in ITA No

38) of the Act. (Annexure A/1)\nHe also based on the MCA master data submitted that the company has\nfiled its balance sheet with ROC up to 31/03/2020 & last AGM of company\nwas held on 24/12/2020. The share is also traded on BSE. Based on that\nset of facts and decision relied upon he supported his claim on the merits

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. SARITA DEWAN, SIKAR

In the result, the appeals of the revenue in ITA No

38) of the Act. (Annexure A/1)\nHe also based on the MCA master data submitted that the company has\nfiled its balance sheet with ROC up to 31/03/2020 & last AGM of company\nwas held on 24/12/2020. The share is also traded on BSE. Based on that\nset of facts and decision relied upon he supported his claim on the merits

DCIT, CENTRAL CIRCLE-1, JAIPUR , JAIPUR vs. USHA BANKA, SIKAR

In the result, the appeals of the revenue in ITA No

38) of the Act. (Annexure A/1)\nHe also based on the MCA master data submitted that the company has\nfiled its balance sheet with ROC up to 31/03/2020 & last AGM of company\nwas held on 24/12/2020. The share is also traded on BSE. Based on that\nset of facts and decision relied upon he supported his claim on the merits

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. TRILOK DEWAN, SIKAR

In the result, the appeals of the revenue in ITA No

38) of the Act. (Annexure A/1)\nHe also based on the MCA master data submitted that the company has\nfiled its balance sheet with ROC up to 31/03/2020 & last AGM of company\nwas held on 24/12/2020. The share is also traded on BSE. Based on that\nset of facts and decision relied upon he supported his claim.\nRecord also reveals

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. PRIYA DEWAN, SIKAR

In the result, the appeals of the revenue in ITA No

38) of the Act. (Annexure A/1)\nHe also based on the MCA master data submitted that the company has\nfiled its balance sheet with ROC up to 31/03/2020 & last AGM of company\nwas held on 24/12/2020. The share is also traded on BSE. Based on that\nset of facts and decision relied upon he supported his claim.\nRecord also reveals

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. SUBHASH CHANDRA BANKA, SIKAR

In the result, the appeals of the revenue in ITA No

38) of the Act. (Annexure A/1)\nHe also based on the MCA master data submitted that the company has\nfiled its balance sheet with ROC up to 31/03/2020 & last AGM of company\nwas held on 24/12/2020. The share is also traded on BSE. Based on that\nset of facts and decision relied upon he supported his claim on the merits