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

In the result, appeal of the revenue is dismissed

75,33,434/- made by disallowing anicut expenses. ii) Allowing club expenses of Rs. 5,97,737/- paid by assessee for membership of its employees; 3 ITA NO. 201(6)/JP/2017 M/s. Chambal Fertilizers & Chemicals Ltd. iii) Deleting the addition of Rs. 18,35,481/- made by disallowing provision for loss on derivative transactions; iv) Deleting addition

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)

disallowance of Rs.71,75,575/- u/s 14A r.w.r. 8D(2). The same was sustained by CIT(A) and ITAT holding that section

ASSOCIATED SOAPSTONE DISTRIBUTING CO PRIVATE LIMITED,JAIPUR vs. PRINCIPAL COMMISSIONER OF INCOME TAX -2, JAIPUR, JAIPUR

section 14A of the Act. The\nonly relevant factor is the investments in such assets which have\nresulted or would result in to earning of such income which would\nnot form part of total income. However, neither the assessee\noffered any such disallowance suomoto in the computation of\nincome nor the AO made any disallowance u/s 14A r.w. Rule

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

disallowance of\nRs.71,75,575/- u/s 14A r.w.r. 8D(2). The same was sustained by CIT(A) and\nITAT holding that section

GIRNAR SOFTWARE PRIVATE LIMITED,6TH FLOOR, JAIPUR TEXTILE MARKET, B-2, NEAR MODEL TOWN, MALVIYA NAGAR, JAIPUR vs. PCIT – 2, JAIPUR, NEW CENTRAL REVENUE BUILDING

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)

section 14A of the Act is not applicable to attract any disallowance more so when no exempt income has been earned by the Appellant. Reliance in this regard is placed on the following decision : • Satya Narayan Dhoot vs PCIT I.T.A. No. 49/Jodh/2022 order dated 17 January 2023 [PB 75

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

In the result, the appeal of the assessees is allowed

disallowance was made by the AO under section 143(1) of the Act on the basis of remarks in the relevant column of Form no. 3CD report attached with the return of income. In the appeal petition, the appellant has stated that total income returned at Rs.14,75

MAANWATI AGARWAL, JAIPUR,JAIPUR vs. ITO, WARD 1(4), JAIPUR, JAIPUR

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

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

75,000/- on account of disallowance of interest paid on bogus unsecured loans. Aggrieved by the order, the appellant has filed the present appeal raising 3 grounds of appeal and all are related to the above addition of the AO. There is a delay in filing the appeal. Considering the facts of the case and reasons submitted, the delay

NEEL KANTH GUM AND CHEMICALS ,JHUNJHUNU vs. ACIT, CIRCLE JHUNJHUNU, INCOME TAX OFFICE, JHUNJHUNU

In the result, the appeal of the assesee is allowed

Bench: SHRI SANDEEP GOSAIN (Judicial Member), DR MITHA LAL MEENA (Accountant Member)

75 of the Customs Act and section 37 of the Central Excise Act. 18. Analysing the concept of remission of duty drawback and DEPB, we are satisfied that the remission of duty is on account of the statutory/policy provisions in the Customs Act/Scheme(s) framed by the Government of India. In the circumstances, we hold that profits derived

KESRI SINGH,JAIPUR vs. ACIT CIRCLE 3, JAIPUR

In the result, the appeal of the assessees is allowed

Bench: The Due Date Of Filing Of The Return For The Year. Kesri Singh Vs. Acit

75,351/- which was processed U/s 143(1) of the IT Act and in terms of intimation dated 21.05.2019 issued by CPC, it made disallowance of Rs. 1,47,021/- towards employee’s contribution towards ESI and PF. On appeal, the ld. CIT(A), NFAC has confirmed the disallowance made U/s 143(1) on account of assessee’s failure

RAYS POWER EXPERTS PRIVATE LIMITED,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE 2, JAIPUR

In the result, the appeal of the assesee is allowed for statistical purposes as indicated hereinabove

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

Disallowance under section 14A of ITA 1961 of Rs.69,374 was made. Notice under section 250 were issued, however, there was no compliance and appeal is being decided based on material available on record. Grounds of appeal are adjudicated as follows- Ground of Appeal One is general in nature and not adjudicated thus. Ground of Appeal Two is qua addition

M/S MODERN THREADS (INDIA) LTD.,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-6, JAIPUR

In the result, both the appeals filed by the assessee are allowed

disallowance made by the Assessing Officer under section 40(a)(i) is deleted(Para 5)”. Further, reliance was placed on ITAT Jaipur Bench decision in case of JLC Electromet P Ltd vs ACIT reported in [2019] 75

MODERN THREADS (INDIA) LIMITED,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-6, JAIPUR

In the result, both the appeals filed by the assessee are allowed

disallowance made by the Assessing Officer under section 40(a)(i) is deleted(Para 5)”. Further, reliance was placed on ITAT Jaipur Bench decision in case of JLC Electromet P Ltd vs ACIT reported in [2019] 75

PINK CITY JEWEL HOUSE PRIVATE LIMITED ,JAIPUR vs. PRINCIPAL COMMISSIONER OF INCOME TAX (CENTRAL), JAIPUR

section 69 or 115BBE of the Act\ncannot be applied. Assessee also submitted that the assessing officer has\nnot made any query in regard to the source of the investment in excess\nstock and considered the same out of the business income of the\nassessee. As regards the disallowance u/s 40a(ia) Id.PCIT considered the\nreply of the assessee

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

75,00,000/- as an advance in\nrelation of transfer of capital assets.\n7. That in the facts and circumstances of the case and in law the learned CIT (A)\nhas erred in confirming the addition made by the learned AO indisallowing the\nright full claim of the assessee of Rs.34,647/- under section 57 of the income\nTax

M/S MORANI CARS PVT. LTD.,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, WARD-6, JAIPUR

In the result the appeal of the assessee is partly allowed

section 37(1), it is for the tax payer to prove not only the fact that the expenditure was actually made but also the fact that the expenditure was wholly and exclusively in connection with business purposes. Thus here also the burden placed on the assessee in terms of Imperial Chemical Industries (India) (P.) Ltd. case (supra) also

AMBA TECH ENGINEERING,BHIWADI vs. ITO, WARD-1(2)ADIT - CPC, ALWAR

In the result, all the three appeals of the assessee in ITA No

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

section 36(1)(va) and sec. 43B by the Finance Act, 2021 are retrospective in nature. 7. On the facts and in the circumstances of the case and in law the Id. AO as well as the Id. CIT(A) erred in disallowing the amount of delayed contribution to PF and ESI in respect of employees contribution as income

PREM DEVI BAID,JAIPUR vs. ITO WARD 6(5), JAIPUR, NCRB, STATUE CIRCLE, C-SCHEME

In the result, the appeal of the assessee is allowed

Bench: Shri Gagan Goyal & Shri Narinder Kumar

Section 115BBE of the Act. Consequently, the AO disallowed the exemption claim and added Rs. 61, 49,716/- to the assessee’s total income. Aggrieved by this, the assessee approached the NFAC, which upheld the AO's order. Aggrieved further by the order of NFAC, the assessee is now in appeal before us. 7. Ld. AR of the assessee before

DCIT, JAIPUR vs. GVK JAIPUR EXPRESSWAY PVT LTD, JAIPUR

In the result, the appeal of the revenue for the years [A

Section 14A and\ndisallowed the interest paid by the appellant company, on the funds utilized for\nsubscribing to the share capital in various group companies and further\nincluded the same in the book profits for computing the MAT u/s 115JB of the\nAct. Ld. CIT(A) has deleted the disallowance made u/s 14A and further held\nthat the said disallowance