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

3) r.w.s 144B on\n19.04.2021, by assessing the total income of the assessee at Rs.\n609,43,34,126 after making addition for certain disallowances.\n5. The order passed by Ld. AO was taken up by Ld. PCIT by\nimpugned exercise of jurisdiction u/s 263 of the Act, thereafter, passing\nthe Impugned Order dated 20.03.2024.\nIssues in the Order passed

CHAMBAL FERTILISERS AND CHEMICALS LIMITED,KOTA vs. DCIT, KOTA

In the result, appeal of the revenue is dismissed

70,02,212 4477.20 9% 305 3,74,24,514 6 5.00 9% India Steamship Limited 233 28,726 510.00 9% 233 29,30,055 Total Disallowance 35,92,45,372 21 ITA NO. 201(6)/JP/2017 M/s. Chambal Fertilizers & Chemicals Ltd. Hence, the AO held that the assessee had utilized a part of its borrowing for making investments

CHAMBAL FERTILISERS AND CHEMICALS LIMITED,KOTA vs. ACIT, KOTA

In the result, appeal of the revenue is dismissed

70,02,212 4477.20 9% 305 3,74,24,514 6 5.00 9% India Steamship Limited 233 28,726 510.00 9% 233 29,30,055 Total Disallowance 35,92,45,372 21 ITA NO. 201(6)/JP/2017 M/s. Chambal Fertilizers & Chemicals Ltd. Hence, the AO held that the assessee had utilized a part of its borrowing for making investments

M/S. CHAMBAL FERTILIZERS AND CHEMICALS LIMITED,KOTA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, KOTA

In the result, appeal of the revenue is dismissed

70,02,212 4477.20 9% 305 3,74,24,514 6 5.00 9% India Steamship Limited 233 28,726 510.00 9% 233 29,30,055 Total Disallowance 35,92,45,372 21 ITA NO. 201(6)/JP/2017 M/s. Chambal Fertilizers & Chemicals Ltd. Hence, the AO held that the assessee had utilized a part of its borrowing for making investments

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

70,090/-.\n5.1.3 I have considered the reasoning of the assessing officer and the\nexplanation offered by the appellant. As per the provisions of section 43B,\nPayments in respect of taxes and Government dues can be claimed as\nexpenditure only on actual payment on or before the due date of return. This\nsection has been enacted to enforce.\nThis section

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

70,090/-.\n5.1.3 I have considered the reasoning of the assessing officer and the\nexplanation offered by the appellant. As per the provisions of section 43B,\nPayments in respect of taxes and Government dues can be claimed as\nexpenditure only on actual payment on or before the due date of return. This\nsection has been enacted to enforce.\nThis section

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

70,090/-.\n5.1.3 I have considered the reasoning of the assessing officer and the\nexplanation offered by the appellant. As per the provisions of section 43B,\nPayments in respect of taxes and Government dues can be claimed as\nexpenditure only on actual payment on or before the due date of return. This\nsection has been enacted to enforce.\nThis section

M/S AMRAPALI EXPORTS,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-2, JAIPUR

In the result, the ground No

disallowances so made by the Assessing officer. 11. The Co-ordinate Bench in case of ITO vs. Anthelio Business Technologies Pvt. Ltd. 78 taxmann.com 203 (Mumbai) in context of deduction under section 10B relying on the aforesaid CBDT Circular has taken a similar view and it would be relevant to refer to the findings of the Co-ordinate Bench which

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)

3) read with Section 143(3A) and 143(3B) of the Income Tax Act, 1961.” The ld. A/R now raised the main issue in this case is whether the ld. Pr. CIT was justified in invoking jurisdiction under section 263 of the I.T. Act, 1961 and thereby proposing to make disallowance of Rs. 2,53,26,820/- under section

ASSISTANT COMMISSIONER OF INCOME TAX, EXEMPTIONS, CIRCLE, JAIPUR, JAIPUR RAJASTHAN vs. NAVRATAN VIDHA MANDIR SHIKSHA SAMITI, JAIPUR RAJASTHAN

In the result appeal filed by the Department is dismissed and the C

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

section 145(3) of the Act and disallowed 20% of the expenses and thus reduced Rs.60,70,716/- from the application

SHIVAM READYMIX PRIVATE LIMITED,JAIPUR vs. ACIT, JAIPUR

In the result, the appeal of the assessee is allowed

70% weightage in the total cost,\nbesides certain other costs like conversion charges, pumping charges, manpower\ncost and plant operational cost and accordingly in absence of quantitative details\nof such unaccounted for purchases, assessee on the basis of this industrial\nbenchmark, as worked out below, calculated the unaccounted sales of concrete\nprepared from such unaccounted grit purchased from M/s Triveni

M/S KANAK VRINDAVAN RESORTS LIMITED,JAIPUR vs. INCOME TAX OFFICER, WARD 6(2), JAIPUR

In the result, the appeal of the assessee is allowed

Bench: SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member), SHRI NARINDER KUMAR (Judicial Member)

section 145 of the Act. Thus the disallowance so made by ld. AO and thereafter sustained by ld. CIT(A) is contrary to settled principles of law, and order so passed deserved to be quashed and subsequent disallowance so made deserves to be allowed. 3. Succinctly, the fact as culled out from the records is that the assessee

M/S RAJASTHAN STATE INDUSTRIAL DEVELOPMENT AND INVESTMENT CORPORATION LTD.,JAIPUR vs. DCIT, CIRCLE-6, JAIPUR, JAIPUR

In the result, both the appeals of the assessee are allowed as indicated hereinabove

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI GAGAN GOYAL (Accountant Member)

70,76,173 Nil Nil Disallowance u/s 14A 37,19,337 37,19,337 37,19,337 Service Tax Receivable 1,64,16,000 1,64,16,000 Nil Short credit of TDS 15,65,426 Nil Nil Thus after the order of ITAT dt.10.04.2018 (PB 25-94), following disallowance made by the AO stood confirmed:- Disallowance of CSR Expenses

JAIPUR VIDYUT VITRAN NIGAM LTD.,JAIPUR vs. DCIT, CIRCLE-6, JAIPUR, JAIPUR

In the result, the appeal of the assessee is allowed and that of the Revenue is dismissed

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

3 or section 3A or an institution notified under section 46 of the State Financial Corporations Act, 1951 (63 of 1951). Section 46 of State Financial Corporation Act reads as under: Power to apply Act to certain financial institutions in existence at commencement of Act.— (1) The Central Government may by notification in the Official Gazette, direct that

WHOLE SALE CLOTH MERCHANT ASSOCIATION ,KOTA vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE KOTA , KOTA

In the result, the appeals of the assessee in ITA no

3) or sub-section (3A) shall not apply in\nrelation to any income of a trust or an institution, being profits and gains of\nbusiness, unless the business is incidental to the attainment of the objectives of\nthe trust or, as the case may be, institution, and separate books of account are\nmaintained by such trust or institution in respect

AHLUWALIA ERECTORS AND FEBRICATIONS PVT. LTD.,KOTA vs. ACIT CIR-1 KOTA , KOTA

In the result the appeal of the assessee is partly allowed

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

3 :- Disallowance of interest on loans and advances :- The AO noted that the appellant had given interest free advances to some parties. Although the appellant claimed that the loans and advances were business advances, no evidence could be filed is support of this claim. Hence, the AO disallowed interest at estimated 12% rate on such loans and advances

M/S SILVEX & CO.,JAIPUR vs. INCOME TAX OFFICER, WARD-7-2, JAIPUR

In the result, the appeal of the assessee is allowed

70,266/-. 6.1. In the written submissions filed before me, the appellant stated that these expenses were incurred wholly and exclusively for the business purpose and also tried to explain the defects as pointed out by the AO. It was contended that the AO has not pointed out any specific defect while making the disallowance. It was pointed out that

AMIT SINGH,BHIWADI (ALWAR) vs. DCIT, CPC- BENGALURU, CPC- BENGALURU

In the result, the appeal of the assessees is allowed

disallowance U/s 36(1)(va) can be made and that this issue is settled in favour of the assesseee by the judgments of Hon’ble High Courts, which are produced as under:- 1. Judgment of Hon’ble jurisdictional Rajasthan High Court in the case of CIT vs. State Bank of Bikaner & Jaipur reported in (2014) 363 ITR 70 Rajasthan

M/S RAJASTHAN STATE INDUSTRIAL DEVELOPMENT & INVESTMENT CORPORATION LTD.,JAIPUR vs. DCIT, CIRCLE-6, JAIPUR, JAIPUR

In the result, both the appeals of the assessee are allowed as indicated\nhereinabove

70,76,173 | Nil | Nil\n| Disallowance u/s 14A | 37,19,337 | 37,19,337 | 37,19,337\n| Service Tax Receivable | 1,64,16,000 | 1,64,16,000 | Nil\n| Short credit of TDS | 15,65,426 | Nil | Nil\n\nThus after the order of ITAT dt.10.04.2018 (PB 25-94), following disallowance\nmade by the AO stood confirmed