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2 results for “disallowance”+ Section 55Aclear

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Key Topics

Section 1473Section 69A3Section 54F3Deduction2

SHRI NARESH JAIN,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-3, JAIPUR

In the result, the appeal of the assessee is allowed

ITA 159/JPR/2019[2015-16]Status: DisposedITAT Jaipur11 Aug 2020AY 2015-16
For Appellant: Shri Vijay Goyal, CAFor Respondent: Shri K.C. Gupta, JCIT
Section 45Section 48Section 54F

disallowed the carry forward the long term capital loss of Rs. 14,76,729/- for the current year on sale of shares. 2 ITA159/JP/2019 Shri Naresh Jain vs ACIT, Circle-3, Jaipur 2.2 By the impugned order, the ld. CIT(A) confirmed the action of the AO against which the assessee is in further appeal before us. 2.3 We have

SHAMBHU DAYAL,KOTA vs. ITO, WARD -2(2), KOTA

In the result, the appeal of the assessee is allowed as indicated hereinabove

ITA 988/JPR/2024[2015-16]Status: DisposedITAT Jaipur21 Nov 2024AY 2015-16

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

For Appellant: Shri Vinod Kumar Gupta, CAFor Respondent: Shri Anup Singh, Addl. CIT-DR
Section 139Section 147Section 148Section 148ASection 271(1)(c)Section 69ASection 80C

55A. 6. Under the facts and circumstances, Ld. CIT(A) has erred by allowing the deduction of Rs. 1,50,000/-u/s 80C of the Income Tax Act 7. Under the facts and circumstances, the Ld. A.O. has erred by initiating penalty proceeding under section 271(1)(c) of the Income Tax Act, 1961.’’ 2.1 Brief facts of the case