ADITYA CEMENT,BEHROR vs. ITO, BEHROR

In the result, the appeal filed by the assessee is partly allowed

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

disallowance of carry forward loss, which are discussed and decided as below:- 3.1 The relevant part of the rectification order is as under- “The reply of the assessee has been considered but not found acceptable on the issue of set

RSD CONTAINERS PRIVATE LIMITED,JAIPUR vs. ITO, WARD 7(1), JAIPUR, JAIPUR

In the result, the appeal of the assessee is allowed

losses including unabsorbed depreciation, which includes MAT credit also against undisclosed income u/s. 68 of the Act in foregoing paragraph 10 of this order, the ground no. 7 raised by the appellant is dismissed. 11 RSD Containers Pvt Ltd. vs ITO 12. In the result, the assessment order is upheld, and the appeal is dismissed.” 5. Aggrieved with the finding

RIDHIRAJ BUILDERS,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-6, NCRB, JAIPUR

In the result, the appeal of the assessee is allowed for statistical purposes

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

disallowed the same while passing the Assessment order. Thus, such loss ought to have been set off against the surrendered

NEERU MOHAN NAGPAL,JAIPUR vs. INCOME TAX OFFICER, ITO WARD 2(3)

In the result, the appeal of the assessee is allowed

disallowed\nthe claim saying that it is a forfeiture of amount by the seller on account of non\ncompliance of agreement, resulting thereby the assessee is not entitled for set off the\ncapital loss

RUKMANI DEVI AGARWAL,JAIPUR vs. ITO, WARD 7(1), JAIPUR, JAIPUR

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

disallowing claim of the appellant for set off of the carried forward loss of specified business (u/s 35AD) of Rs. 16,95,003 for the AY 2013-14 out of income

RADHEY SHYAM AGARWAL,JAIPUR vs. ITO, WARD 7(1), JAIPUR, JAIPUR

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

disallowing claim of the appellant for set off of the carried forward loss of specified business (u/s 35AD) of Rs. 16,95,003 for the AY 2013-14 out of income

BRIGHT SECURITIES PRIVATE LIMITED,JAIPUR vs. INCOME TAX OFFICER, JAIPUR

In the result, the appeals of the assessee are allowed with no order as to\ncosts

loss of the\nassessee as fictitious. However, the AO failed to notice that the name of the\nassessee does not figure in the Falcon report. The AO also failed to bring material\non record to establish the trading of the assessee as reversal trades. Therefore, the\nloss disallowed by the AO is not justified. In first appeal

RADHEY SHYAM AGARWAL (DECEASED) THROUGH LEGAL HEIR,JAIPUR vs. ITO, WARD 7(1), , JAIPUR

In the result, the appeal of the assessee is allowed

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

set off the loss of AY 2013-14. The Assessing Officer disallowed the setting off of the loss of AY 2013-14 with

M/S RAMAVTAR KRISHANAVTAR,KOTA vs. INCOME TAX OFFICER, KOTA

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

Bench: Hon’ble SHRI SANDEEP GOSAIN (Judicial Member)

loss of Rs. 39,88,783/- is not allowed to be set off against the business of trading of physical commodities and is hereby disallowed

ANUSHA FINVEST PVT LTD ,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE 1, JAIPUR

In the result, the appeal of the assessee is allowed

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

set off against their profits with a view to reduce their tax liability. As per information received by the Assessing Officer, the assessee was one of the beneficiaries of the Client Code Modification as the name of the assessee also appeared in the beneficiaries list who had taken fictitious F&O Losses through the broker Inventure Growth & Securities Ltd. (hereinafter

GLOBAL INSTITUTE OF TECHNOLOGY SOCIETY,JAIPUR vs. DCIT-CIRCLE-EXEMPTION, JAIPUR

In the result the appeal of the revenue in ITA no

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

set off of losses has not been dealt with in the assessment order and is a matter of computation of income. The same is acceptable as per the act. Issue 6:- Issue related to Exemption u/s 11&12 The AO has denied the benefit of Exemption u/s 11 & 12 of the Act on basis of certain additions and disallowances

FEDERATION OF RAJASTHAN TRADE AND INDUSTRY,JAIPUR vs. ITO-EXEMPTION WARD-2, JAIPUR

In the result, the appeal filed by the assessee is allowed for statistical purposes

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

loss of Rs. 50,450/-. That the Humble Appellant has claimed the cost of Property as on 01-04-1981 at Rs. 6,55,000/-. That the Learned Assessing Officer considered only Purchase value of Rs. 21,653/- as on 01-06-1973, Taxes/Stamp Duty paid as per Registry Deed & Other Expenses infact the humble Appellant have purchased the roof

URBAN IMPROVEMENT TRUST,KOTA vs. DCIT (EXEMPTIONS), CIRCLE, JAIPUR, JAIPUR

In the result, the assessee's income is found to be not chargeable\nunder the Income Tax Act at all and the AO is directed to delete the additions\nmade, irrespective of the head of income

disallowed by the A.O.\n11 Appellant craves the right to add, alter or amend any grounds of appeal before the\nHon'ble ITAT in the interest of justice.\nIn ITA No. 794/JPR/2024 (A.Y 2006-07), the revenue has raised the following\ngrounds of appeal: -\n1. Order of the Ld. CIT(A) is bad in law and needs to be quashed

DCIT, EXEMPTIONS, CIRCLE, JAIPUR, JAIPUR vs. URBAN IMPROVEMENT TRUST, KOTA

In the result, the assessee's income is found to be not chargeable\nunder the Income Tax Act at all and the AO is directed to delete the additions\nmade, irrespective of the head of income

disallowed by the A.O.\n11 Appellant craves the right to add, alter or amend any grounds of appeal before the\nHon'ble ITAT in the interest of justice.\nIn ITA No. 794/JPR/2024 (A.Y 2006-07), the revenue has raised the following\ngrounds of appeal: -\n1. Order of the Ld. CIT(A) is bad in law and needs to be quashed

DCIT, EXEMPTIONS, CIRCLE, JAIPUR, JAIPUR vs. URBAN IMPROVEMENT TRUST, KOTA

In the result, the assessee's income is found to be not chargeable\nunder the Income Tax Act at all and the AO is directed to delete the additions\nmade, irrespective of the head of income

disallowed by the A.O.\n11 Appellant craves the right to add, alter or amend any grounds of appeal before the\nHon'ble ITAT in the interest of justice.\nIn ITA No. 794/JPR/2024 (A.Y 2006-07), the revenue has raised the following\ngrounds of appeal: -\n1. Order of the Ld. CIT(A) is bad in law and needs to be quashed

DCIT, EXEMPTIONS, CIRCLE, JAIPUR, JAIPUR vs. URBAN IMPROVEMENT TRUST, KOTA

In the result, the assessee's income is found to be not chargeable\nunder the Income Tax Act at all and the AO is directed to delete the additions\nmade, irrespective of the head of income

disallowed by the A.O.\n11 Appellant craves the right to add, alter or amend any grounds of appeal before the\nHon'ble ITAT in the interest of justice.\nIn ITA No. 794/JPR/2024 (A.Y 2006-07), the revenue has raised the following\ngrounds of appeal: -\n1. Order of the Ld. CIT(A) is bad in law and needs to be quashed

DCIT, EXEMPTIONS, CIRCLE, JAIPUR, JAIPUR vs. URBAN IMPROVEMENT TRUST, KOTA

In the result, the assessee's income is found to be not chargeable\nunder the Income Tax Act at all and the AO is directed to delete the additions\nmade, irrespective of the head of income

disallowed by the A.O.\n11 Appellant craves the right to add, alter or amend any grounds of appeal before the\nHon'ble ITAT in the interest of justice.\nIn ITA No. 794/JPR/2024 (A.Y 2006-07), the revenue has raised the following\ngrounds of appeal: -\n1. Order of the Ld. CIT(A) is bad in law and needs to be quashed

URBAN IMPROVEMENT TRUST (NOW KOTA DEVELOPMENT AUTHORITY),KOTA vs. DCIT (EXEMPTIONS), CIRCLE, JAIPUR, JAIPUR

In the result, the assessee's income is found to be not chargeable\nunder the Income Tax Act at all and the AO is directed to delete the additions\nmade, irrespective of the head of income

disallowed by the A.O.\n11 Appellant craves the right to add, alter or amend any grounds of appeal before the\nHon'ble ITAT in the interest of justice.\nIn ITA No. 794/JPR/2024 (A.Y 2006-07), the revenue has raised the following\ngrounds of appeal: -\n\n1. Order of the Ld. CIT(A) is bad in law and needs