ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, JAIPUR vs. M/S GANPATI EXCLUSIVE DESIGNER SAREES PVT. LTD., JAIPUR

In the result, appeal of the assessee is allowed

56(1) of the Act. 8. In the result, appeal of the revenue is dismissed. 9. Now we take ITA No. 1081/JP/2018 This is an appeal filed by the assessee against the order of ld.CIT(A)-I, Jaipur dated 31/07/2018 for the A.Y.2014-15 in the matter of order passed U/s 143(3) of the Act. 10. In this appeal

THE AJMER COOPERATIVE THRIFT AND SAVING SOCIETY LIMITED AJMER,AJMER vs. CIT(A), NFAC, AJMER

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

disallowed the claim of deduction under section 80P(2)(a)(i) by observing that it can be inferred that whatever activities carried out by the assessee society, the interest earned on Surplus funds invested in bank deposits, is to be treated as Income from Other Sources which is to be assessed under section 56

THE BANK OF RAJASTHAN EMPLOYEES CREDIT & THIRFT COOPERATIVE SOCIETY LIMITED,JAIPUR vs. ACIT, CIRCLE-1, JAIPUR

In the results appeal of the assessee in ITA No

disallowed the\nclaim u/s 80P(2)(a)(i) in respect of the interest received from co-operative Banks\nfor an amount of Rs.14,33,125/-.Though the deduction u/s 80P(2)(a)(i) was\nallowed by the AO in respect of interest income from members of Rs, 14/-. In first\nappeal, the Id. CIT(A) confirmed the action

M/S. RAJASTHAN CRICKET ASSOCIATION,JAIPUR vs. ADD.CIT. RANGE-2, 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

disallowed. This issue has been squarely covered within the decision of Hon'ble Supreme Court in the case of ACIT vs. Surat Art Silk Cloth Manufacturers Association reported in 121 TR 1 (SC) wherein it was held that the primary or dominant purpose of the trust or institution has to be examined to determine whether the said trust /institution

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

disallowed. This issue has been squarely covered within the decision of Hon'ble Supreme Court in the case of ACIT vs. Surat Art Silk Cloth Manufacturers Association reported in 121 TR 1 (SC) wherein it was held that the primary or dominant purpose of the trust or institution has to be examined to determine whether the said trust /institution

INCOME TAX OFFICER (EXEMPTION), WARD-1, JAIPUR vs. M/S RAJASTHAN CRICEKT 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

disallowed. This issue has been squarely covered within the decision of Hon'ble Supreme Court in the case of ACIT vs. Surat Art Silk Cloth Manufacturers Association reported in 121 TR 1 (SC) wherein it was held that the primary or dominant purpose of the trust or institution has to be examined to determine whether the said trust /institution

M/S. JAIPUR ZILA DUGDH UTPADAK SAHAKARI SANGH LTD.,JAIPUR vs. DCIT, CIRCLE-6, JAIPUR

In the result, both the appeal of the assessee and the Revenue are disposed off with above directions

disallowed the claim u/s 80P(2)(d) to that extent. 7. In this regard, it was submitted that assessee has not incurred any interest expenditure in earning the interest income on FDR with Jaipur Central Co-operative Bank. This is because assessee has interest free funds by way of share capital and accumulated profit of Ms Jaipur Zila Dugdh Utpadak

DCIT, CIRCLE-6, JAIPUR vs. M/S. JAIPUR ZILA DUGDH UTPADAK SAHAKARI SANGH LTD., JAIPUR

In the result, both the appeal of the assessee and the Revenue are disposed off with above directions

disallowed the claim u/s 80P(2)(d) to that extent. 7. In this regard, it was submitted that assessee has not incurred any interest expenditure in earning the interest income on FDR with Jaipur Central Co-operative Bank. This is because assessee has interest free funds by way of share capital and accumulated profit of Ms Jaipur Zila Dugdh Utpadak

AJAY BAKLIWAL,KOTA vs. ACIT, CENTRAL CIRCLE, KOTA, KOTA

56, read with section 147, of the Income-tax Act, 1961- Income from other\nsources - Chargeable as (Reassessment) - Assessing Officer worked out profit on basis of\ncontract and sub-contract income On account of oversight/mistake, he failed to add\ninterest income shown in books as other income - Subsequently, audit objections were\nraised by audit party Invoking section 147/148, Assessing Officer

THE JEWELLERS ASSOCIATION,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, JAIPUR

In the result, the appeal of the assessee is allowed

section 2 (15) of the I. T. Act, 1961. Hence, 5 ITA 197/JP/2022 THE JEWELLERS ASSOCIATION VS ACIT, CIRCLE-1 JAIPUR exemption available to the assessee-society u/s 11 and 12 is forfeited. The A.O. thereafter taxed the entire surplus of income over expenditure as worked out by him in assessment order amounting to Rs. 56,54,784/- as taxable

SAROJ DEVI HALDIYA,JAIPUR vs. ITO WARD-6(1), JAIPUR, JAIPUR

56(2)(ix) of the income tax Act 1961.\n5. That in the facts and circumstances of the case and in law the learned CIT (A)\nhas erred in confirming the action of the learned AO that the assessee accepted\nRs.75,00,000/- as an advance from M/s Jagdish health care P Limited in relation\nto transfer of a capital

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

section 12AA as a charitable entity undertaking educational activity and thus qualify as an eligible entity for receiving contributions from the assessee society. The contribution of Rs 3,86,84,912 is made by the assessee society out of income generated during the year under consideration as apparent from the return of income and computation of income available

DEPUTY COMMISSIONER OF INCOME TAX, ALWAR vs. ASHOK SHARMA, REWARI

In the result, the appeal of the revenue stand dismissed

56(2)(vill) of the Income\nTax Act, 1961.\n8. We have gone through the record and perused the judgment\nof Hon'ble High Court of Gujarat in the case of MB Bain Bhai Vs\nITO 70 taxmann 45, Ramabai Vs CIT 181 ITR 400(SC), order of\nthe Delhi Tribunal in the case of Jagmal Singh

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)

disallowance of Rs.2,65,591/- u/s 36(1)(va) r.w.s. 2(24) on account of delayed payment of employees contribution towards PF & ESI. AO Pg 3-5 CIT(A) Pg33-37 Facts& Submission:- 1. The AO observed that assessee has deposited the amount of employee’s contribution towards PF amounting to Rs.2,64,292/- and ESI amounting to Rs.1

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)

disallowance of Rs.2,65,591/- u/s 36(1)(va) r.w.s. 2(24) on account of delayed payment of employees contribution towards PF & ESI. AO Pg 3-5 CIT(A) Pg33-37 Facts& Submission:- 1. The AO observed that assessee has deposited the amount of employee’s contribution towards PF amounting to Rs.2,64,292/- and ESI amounting to Rs.1

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)

disallowance of Rs.2,65,591/- u/s 36(1)(va) r.w.s. 2(24) on account of delayed payment of employees contribution towards PF & ESI. AO Pg 3-5 CIT(A) Pg33-37 Facts& Submission:- 1. The AO observed that assessee has deposited the amount of employee’s contribution towards PF amounting to Rs.2,64,292/- and ESI amounting to Rs.1

SHIKSHA VIBHAG KARMACHARIGAN SAHAKARI SAMITI LIMITED,KOTA vs. ITO, KOTA

In the result, all the appeals of the assessee are allowed

section 80(P)(2)(d). Therefore the AO is directed to delete the above disallowance and subsequent addition made u/s 56

SHIKSHA VIBHAG KARMACHARIGAN SAHAKARI SAMITI LIMITED,KOTA vs. INCOME TAX OFFICER, KOTA

In the result, all the appeals of the assessee are allowed

section 80(P)(2)(d). Therefore the AO is directed to delete the above disallowance and subsequent addition made u/s 56