NARAIN LAL AGRAWAL,JAIPUR vs. DCIT CIRCLE 1 JAIPUR, JAIPUR

In the result the appeal of the assessee is allowed

47) of the Act and upheld the\norder of Hon'ble High Court. Therefore, ratio in the case of Balbir Singh\nMaini (supra) is not applicable over the facts of the instant case.\n14. In view of the above discussion, we are of the opinion that the\nassessee fulfills the requirement of proviso 1 & 2 of section 56(2

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, KOTA, KOTA vs. CHAMBAL FERTILIZERS AND CHEMICALS LTD, KOTA

Bench: SHRI GAGAN GOYAL (Accountant Member), SHRI NARINDER KUMAR (Judicial Member)

Disallowance relating to the capital loss Department has also challenged the deletion of addition of Rs. 361, 43,689/-, relating to the capital loss, that was made by the Assessing Officer, having regard to provisions of section 2(47

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, KOTA, KOTA vs. CHAMBAL FERTILIZERS AND CHEMICALS LTD., KOTA

Bench: SHRI GAGAN GOYAL (Accountant Member), SHRI NARINDER KUMAR (Judicial Member)

Disallowance relating to the capital loss Department has also challenged the deletion of addition of Rs. 361, 43,689/-, relating to the capital loss, that was made by the Assessing Officer, having regard to provisions of section 2(47

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, KOTA, KOTA vs. CHAMBAL FERTILIZERS AND CHEMICALS LTD, KOTA

Bench: SHRI GAGAN GOYAL (Accountant Member), SHRI NARINDER KUMAR (Judicial Member)

Disallowance relating to the capital loss Department has also challenged the deletion of addition of Rs. 361, 43,689/-, relating to the capital loss, that was made by the Assessing Officer, having regard to provisions of section 2(47

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, KOTA, KOTA vs. CHAMBAL FERTILIZERS AND CHEMICALS LTD., KOTA

disallowing of expenses incurred on\nexempt income u/s 14A of the Act.\nDisallowance relating to the capital loss\nDepartment has also challenged the deletion of addition of Rs.361,\n43,689/-, relating to the capital loss, that was made by the Assessing\nOfficer, having regard to provisions of section 2(47

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, KOTA, KOTA vs. CHAMBAL FERTILIZERS AND CHEMICALS LTD, KOTA

disallowing of expenses incurred on\nexempt income u/s 14A of the Act.\nDisallowance relating to the capital loss\nDepartment has also challenged the deletion of addition of Rs.361,\n43,689/-, relating to the capital loss, that was made by the Assessing\nOfficer, having regard to provisions of section 2(47

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

In the result, the appeal of the assessee is allowed

47,600/-. The\nld. AO has issued the notice u/s 148 on 28.09.2016. In response thereto the assesssee\nhas filed the letter on 17.10.2016 at the Dak Counter of the AO, in response to the notice\nunder section 148 dt. 28.09.2016 and admittedly submitted that the return of income filed\nunder section 139 of the Act may be treated

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

47 (SC) 7. On the contrary, the ld AR of the assessee has reiterated the same arguments as were raised before the ld. CIT(A) and has further submitted that the AO has disallowed the Freight Expenses of Rs. 1,44,13,853/- [30% of 4,80,46,176/-] by wrongly invoking the Section

GURUVENDRA SINGH ,KOTA vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-1, KOTA, KOTA

In the result, appeal of the assessee is allowed

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

section 54B that assessee earning income from the other lands or not. Based on the above observations the ld. AO did not considered the claim of the assessee u/s. 54B for an amount of Rs. 1,47,42,303/-. 4. Feeling dissatisfied from the above finding recorded for denying the claim u/s. 54B of the Act the assessee carried

M/S. AJMER ZILA DUGDH UTPADAK SAHAKARI SANGH LTD.,AJMER vs. PR.CIT, AJMER

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

section 80(P)(4) is also bad in law. 5. Considering payment of bonus Rs. 13,00,000/- u/sec. 43B for disallowances.” 2. Briefly stated, the facts of the case are that the return was filed on 25.09.2012 declaring total income of Rs. 54,47

SHRI KESHORAIPATAN SAHKARI SUGAR MILLS LIMITED,KOTA vs. PCIT, UDAIPUR

In the result, appeal of the assessee is allowed

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

disallowance of the assessee's claim for deduction under section 80P(2)(d) is vacated. Thus, this Ground of appeal is allowed in terms of the aforesaid observations. [Para 22] ii. Solitaire CHS Ltd. vs. Pr. CIT [IT Appeal No. 3155 (Mum.) of 2019, dated 29-11-2019]; (ITAT "G" Bench, Mumbai); iii. Kaliandas Udyog Bhavan Premises Co-Op. Society

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)

2,53,26,820/- under section 14A of the IT Act read with Rule 8D of IT Rules, 1961. The assessee has explained source of investment by submitting that it has total investment in equities and mutual funds of Rs, 22384.52 lacs against which its share capital and reserves stands for Rs. 38508.89 lacs. As assessee had not used borrowed

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)

2 to section 37(1) of the Act, they are specifically excluded in clarification issued. There is no restriction on an expenditure being claimed under above sections to be exempt, as long as it satisfies necessary conditions under section 30 to 36 of the Act, for computing income under the head,“Income from Business and Profession.” 16. Forclaiming benefit under

AHLUWALIA ERECTORS & FABRICATORS PRIVATE LIMITED,KOTA vs. DCIT/ACIT CIR-2, KOTA

In the result the appeal of\nthe assessee in ITA no 199/JP/2025 is allowed for statistical purposes

2 & 4 which are related to the one issue of disallowance u/s.\n43B of the Act.\nRecord reveals that the Id. AO CPC has disallowed the GST at Rs.\n1,30,43,384/- and Rs.64,83,823/- being the amount of service tax.\nSo far as regards the amount disallowable u/s.43B of the Act in the\nyear under consideration

AHLUWALIA ERECTORS & FABRICATORS PRIVATE LIMITED, KOTA,KOTA vs. DCIT/ACIT CIR-2, KOTA, KOTA

In the result the appeal of\nthe assessee in ITA no 199/JP/2025 is allowed for statistical purposes

2 & 4 which are related to the one issue of disallowance u/s.\n43B of the Act.\nRecord reveals that the Id. AO CPC has disallowed the GST at Rs.\n1,30,43,384/- and Rs.64,83,823/- being the amount of service tax.\nSo far as regards the amount disallowable u/s.43B of the Act in the\nyear under consideration

AHLUWALIA ERECTORS & FABRICATORS PRIVATE LIMITED, KOTA,KOTA vs. DCIT/ACIT CIR-2, KOTA

In the result the appeal of\nthe assessee in ITA no 199/JP/2025 is allowed for statistical purposes

2 & 4 which are related to the one issue of disallowance u/s.\n43B of the Act.\nRecord reveals that the Id. AO CPC has disallowed the GST at Rs.\n1,30,43,384/- and Rs.64,83,823/- being the amount of service tax.\nSo far as regards the amount disallowable u/s.43B of the Act in the\nyear under consideration

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)

disallowed under Section 43-B which, as stated above, was inserted with effect from 1-4- 1984 *** 22. It is important to note once again that, by the Finance Act, 2003, not only is the second proviso deleted but even the first proviso is sought to be amended by bringing about a uniformity in tax, duty, cess

NEERU MOHAN NAGPAL,JAIPUR vs. INCOME TAX OFFICER, ITO WARD 2(3)

In the result, the appeal of the assessee is allowed

section 2(47) of IT Act, 1961. The assessee\ncraves its right to add, delete, amend or alter and/or withdraw any of the\ngrounds on or before the hearing.\"\n3.\nThe brief fact of the case is that the return of income was e-filed on\n22.08.2016 declaring total income of Rs. 19,69,643/-. The case was\nselected