AU SMALL FINANCE BANK LIMITED,JAIPUR vs. PRINCIPAL COMMISSIONER OF INCOME TAX, JAIPUR-1

In the result both the appeals filed by the assessee in ITA

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

disallowance. 4.3 On further examination of the records, she also noticed that shares of Aavas Financers Limited were sold during the year under consideration and a capital gain of Rs. 636.01crores was declared. During the year, entire holding of 3,75,83,334 equity shares and 9,00,000 bonus shares (out of 52,41,149 allotted) of Aavas

CASTAMET WORKS PRIVATE LIMITED,KHARWA vs. PRINCIPLE COMMISSIONER OF INCOME TAX, UDAIPUR

disallowance u/s 14A of the Act as these expenditure are incurred purely for business purpose and not for making investments. 81. Accordingly, being satisfied with the basis of computation of disallowance u/s 14A of the Act, the Ld.AO taken a plausible view on allowability of the same which is legally allowed as it is usual that interest free funds would

OM INDUSTRIES,DAUSA vs. PCIT-1, JAIPUR, JIAPUR

In the result, this appeal of the assessee stands dismissed

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

33B of the 1922 Act. The relevant sections are enclosed, copied from Income Tax Commentary of Mr. Sampath lyengar's, Volume 9, and Page 14570 (12th Edition) (Compilation Page 5 -9) 3. Once an appeal is filed by the assesse against the order of AO, he surrenders himself to the jurisdiction of CIT(A). This surrender is unconditional

VIKAS OIL PRODUCTS,DAUSA vs. PCIT-1, JAIPUR, JAIPUR

In the result, this appeal of the assessee stands dismissed

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

33B of the 1922 Act. The relevant sections are enclosed, copied from Income Tax Commentary of Mr. Sampath lyengar's, Volume 9, and Page 14570 (12th Edition) (Compilation Page 5 -9) 3. Once an appeal is filed by the assesse against the order of AO, he surrenders himself to the jurisdiction of CIT(A). This surrender is unconditional

JR INDUSTRIES,DAUSA vs. PCIT-1,JAIPUR, JAIPUR

In the result, this appeal of the assessee stands dismissed

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

33B of the 1922 Act. The relevant sections are enclosed, copied from Income Tax Commentary of Mr. Sampath lyengar's, Volume 9, and Page 14570 (12th Edition) (Compilation Page 5 -9) 3. Once an appeal is filed by the assesse against the order of AO, he surrenders himself to the jurisdiction of CIT(A). This surrender is unconditional

CHAMBAL FERTILISERS AND CHEMICALS LIMITED,KOTA GADEPAN vs. PRINCIPAL COMMISSIONER OF INCOME TAX, SAVINA-UDAIPUR

disallowed.\n6. That, the Ld. PCIT failed to appreciate the fact that that the\namount of Rs. 13,92,83,709/- on which TDS was deducted is not entirely\nthe amount of payment of foreign interest. Because out of Rs.\n13,92,83,709/-, an amount of Rs 11,70,05,416 was paid as a Fees for\nTechnical Services

OAN INDUSTRIES PRIVATE LIMITED,JAIPUR vs. ITO, WARD 4(2), JAIPUR, JAIPUR

In the result, appeal of the assessee is dismissed

Bench: Shri Sandeep Gosain & Dr. Dipak P. Ripoteआयकर अपील सं. / Ita No.584/Jpr/2024 िनधा"रण वष" / Assessment Year : 2023-24 Oan Industries Private The Income Tax Limited, V Officer, 134, Malhotra Nagar, Near S Ward-4(2), Jaipur. Vidyadhar Nagar Stadium, Vidyadhar Nagar, Jaipur, Rajasthan – 302039. Pan: Aacco9587F Appellant / Assessee Respondent / Revenue Assessee By Shri Mukesh Khandelwal – Ca Revenue By Shri Rajesh Kumar Meena- Addl.Cit(Dr) Date Of Hearing 04/07/2024 Date Of Pronouncement 10/07/2024 आदेश/ Order Per Dr. Dipak P. Ripote, Am: This Appeal Filed By The Assessee Is Against The Order Of Ld.Addl.Commissioner Of Income Tax/Jcit(Appeals)-2, Pune U/Sec.250 Of The Income Tax Act, 1961; For A.Y.2023-24 Dated Oan Industries Private Limited [A]

33B, in the circumstances and within the period specified in that section; (ii) it is not formed by the transfer to a new business of machinery or plant previously used for any purpose. Explanation 1.—For the purposes of this clause, any machinery or plant which was used outside India by any person other than the assessee shall

PANNA LAL KUMAWAT,JAIPUR vs. ACIT, CENTRAL CIRCLE-3, JAIPUR, JAIPUR

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

disallowance of fictitious liability. 90. We heard both the parties and perused record and the orders of the Revenue authorities. During the assessment proceedings, on the basis of papers found in the survey 26 Shri Panna Lal Kumawat, Jaipur proceedings, the AO formed an opinion that the assessee was having credit balance of Rs. 8,05,000/-with M/s. Divya

DCIT,CC-3, JAIPUR vs. SHRI PANNA LAL KUMAWAT, JAIPUR

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

disallowance of fictitious liability. 90. We heard both the parties and perused record and the orders of the Revenue authorities. During the assessment proceedings, on the basis of papers found in the survey 26 Shri Panna Lal Kumawat, Jaipur proceedings, the AO formed an opinion that the assessee was having credit balance of Rs. 8,05,000/-with M/s. Divya

SHREE CEMENT LIMITED,BANGUR NAGAR vs. ACIT, CENTRAL CIRCLE, AJMER

In the result, the appeal of the assessee - appellant in ITA No

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

sections (4) to (10) and as increased by the applicable surcharge, for the purposes of the Union, calculated in the manner provided therein, shall be further increased by an additional surcharge, for the purposes of the Union, to be called the “Health and Education Cess on income-tax”, calculated at the rate of four per cent of such income