AJOY SHARMA ,JAIPUR vs. DCIT CENTRAL CIRCLE-1, JAIPUR, JAIPUR

house property. While responding (vide letter dated 18.03.2018 PB 3), to the surprise of the assessee, it came to his notice that some mistakes have been committed inadvertently in as much as deductions even though not applicable, could be claimed therein. Therefore, the assessee in all truthfulness and simplicity, straightforwardly and voluntarily admitted that some deductions could be wrongly claimed

KRISHNA BUILD HOME PRIVATE LIMITED,JAIPUR vs. INCOME TAX OFFICER, WARD 4(2), JAIPUR, JAIPUR

Bench: The Learned Ao, The Reassessment Proceeding Is Illegal, Bad In Law, Without Jurisdiction & Is Based On Wrong Facts & On Change Of Opinion & In Gross Violation Of Proviso To S. 147 Of The It Act, Which Says No Action Can Be Taken M/S. Krishna Build Home Pvt. Ltd., Jaipur.

house property in respect of the closing stock in the said commercial complex in view of the finding that the assessee has failed to declare rental income of Rs. 30,35,256/- for the assessment year 2010-11 and Rs. 48,14,460/- for the assessment year 2011-12. The AO completed the reassessments

KRISHNA BUILD HOME PRIVATE LIMITED,JAIPUR vs. ASST. COMMISSIONER OF INCOME TAX (HOLDING CHARGE OF ITO WARD 4(2)), JAIPUR

Bench: The Learned Ao, The Reassessment Proceeding Is Illegal, Bad In Law, Without Jurisdiction & Is Based On Wrong Facts & On Change Of Opinion & In Gross Violation Of Proviso To S. 147 Of The It Act, Which Says No Action Can Be Taken M/S. Krishna Build Home Pvt. Ltd., Jaipur.

house property in respect of the closing stock in the said commercial complex in view of the finding that the assessee has failed to declare rental income of Rs. 30,35,256/- for the assessment year 2010-11 and Rs. 48,14,460/- for the assessment year 2011-12. The AO completed the reassessments

DCIT,C-7, JAIPUR vs. BHARAT MOHAN RATURI, JAIPUR

In the result, the appeal of the Department is dismissed and that of the C

Bench: SHRI SANDEEP GOSAIN (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI, AM vk;djvihy la-@ITA No. 413/JP/2022 fu/kZkj.ko"kZ@AssessmentYear :2013-14 The DCIT Circle-7 Jaipur cuke Vs. Shri Bharat Mohan Raturi 161, Indira Colony, Bani Park Jaipur 302 015 (Raj) LFkk;hys[kk la-@thvkbZvkj la-@PAN/GIR No.: AANPR 7066G vihykFkhZ@Appellant izR;FkhZ@Respondent CO No. 2/JP/2023 (Arising out of vk;djvihy la-@ITA No. 413/JP/2022 ) fu/kZkj.ko"kZ@AssessmentYear :2013-14 Shri Bharat Mohan Raturi 161, Indira

property. From the balance sheet, how the learned AO could gather the information that both the houses shown in balance sheet were residential houses. How the learned AO ruled out the other two possibilities to form a belief that on the date of transfer of original asset, the assessee was the owner of two residential houses. 24 DCIT, CIRCLE

INCOME TAX OFFICER, JAIPUR vs. VINOD KUMAR JHARCHUR HUF, JAIPUR

In the result, the ground raised by the assessee in the application filed under rule 27

house property being residential cum commercial property: As already submitted that the assessee has submitted the complete information and documents in the original proceedings itself. Now before initiating of reassessment

INCOME TAX OFFICER, WARD-3-2, JAIPUR vs. SILVER SAND BUILDERS PVT. LTD., JAIPUR

In the result, all the three appeals of the revenue are dismissed

property in respect of the closing stock in the said commercial complex in view of the finding of Hon’ble Delhi High Court in case of CIT vs. M/s. Ansal Housing Finance & Leasing Co. Ltd. 354 ITR 180 (Del.). The AO completed the reassessments

INCOME TAX OFFICER, WARD-3-2, JAIPUR vs. SILVER SAND BUILDERS PVT. LTD., JAIPUR

In the result, all the three appeals of the revenue are dismissed

property in respect of the closing stock in the said commercial complex in view of the finding of Hon’ble Delhi High Court in case of CIT vs. M/s. Ansal Housing Finance & Leasing Co. Ltd. 354 ITR 180 (Del.). The AO completed the reassessments

INCOME TAX OFFICER, WARD-3-2, JAIPUR vs. SILVER SAND BUILDERS PVT. LTD., JAIPUR

In the result, all the three appeals of the revenue are dismissed

property in respect of the closing stock in the said commercial complex in view of the finding of Hon’ble Delhi High Court in case of CIT vs. M/s. Ansal Housing Finance & Leasing Co. Ltd. 354 ITR 180 (Del.). The AO completed the reassessments

NIKHIL KHANDELWAL,KOTA vs. ITO WD-2(2), KOTA

In the result, the appeal of the assessee is allowed

Bench: The Hearing.”

House Property loss of Rs 162673/- against Short Term Capital Gains of Rs. 170618/- as per section 71 of IT Act 1961, but the learned A.O adjusted such loss against Business Income instead of Short term Capital Gain which results in additional demand of Rs. 18260/- Clause 2 of Section 71 states that Where in respect of any assessment year

LATE SH. SHEKHAR DHARIWAL THROUGH L/H SMT. NIKITA DHARIWAL,DHARIWAL BHAWAN, SHASTRI MARKET, KOTA vs. ITO, WARD-2(2), KOTA

In the result, the appeals of the assessee are partly allowed for statistical purposes

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

house property at 82, Rajeev Gandhi Nagar, Kota owned by assessee’s wife Smt. Nikita Dhariwal under the income from other sources by making various incorrect and irrelevant observations. 3.2 Brief facts of the case are that the assessee filed the return on 23.03.2015 declaring income of Rs.4,86,710/- after claiming deduction under Chapter

ANIL KUMAR BATAR,SIKAR vs. PCIT-JAIPUR-2, JAIPUR

In the result, the appeal of the assessee is allowed

property, interest or other sources. For the year he has filed his\nITR declaring the total income of Rs.19,89,250/- on dt.27.08.2018(1-\n6). In this case the ld. AO JAO had issued the notice u/s 148A(b) on\ndt.12.03.2022 on the reason that As per information available in this\noffice, you have received advance of Rs.75

SHRI RAM NARAIN YADAV,JAIPUR vs. INCOME TAX OFFICER, WARD-3-2, JAIPUR

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

house property. The said finding is illegal and unjustified. 9. That the learned CIT(Appeals) has erred in holding that no construction was got done by the appellant as claimed by it in respect of plot No.E-29- B, Bani Park, Jaipur and confirming the action of the Assessing Officer in not allowing the cost of construction while computing the long

SHRI RAM NARAIN YADAV,JAIPUR vs. INCOME TAX OFFICER, WARD-3-2, JAIPUR

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

house property. The said finding is illegal and unjustified. 9. That the learned CIT(Appeals) has erred in holding that no construction was got done by the appellant as claimed by it in respect of plot No.E-29- B, Bani Park, Jaipur and confirming the action of the Assessing Officer in not allowing the cost of construction while computing the long

M/S. VAIBHAV GLOBAL (GEMS) LTD.,JAIPUR vs. ACIT, CIRCLE-5, JAIPUR

In the result, appeals for the A

reassessment proceeding was completed U/s 143(3) r.w.s. 147 of the Act whereby the A.O. made additions after rejecting books of account U/s 145(3) of the Act. 4. The assessee challenged the action of the A.O. before the ld. CIT(A) and also raised objection against the validity of reopening of the assessment. The ld. CIT(A) has dismissed

M/S. VAIBHAV GLOBAL (GEMS) LTD.,JAIPUR vs. ACIT, CIRCLE-5, JAIPUR

In the result, appeals for the A

reassessment proceeding was completed U/s 143(3) r.w.s. 147 of the Act whereby the A.O. made additions after rejecting books of account U/s 145(3) of the Act. 4. The assessee challenged the action of the A.O. before the ld. CIT(A) and also raised objection against the validity of reopening of the assessment. The ld. CIT(A) has dismissed

M/S. VAIBHAV GLOBAL (GEMS) LTD.,JAIPUR vs. ACIT, CIRCLE-5, JAIPUR

In the result, appeals for the A

reassessment proceeding was completed U/s 143(3) r.w.s. 147 of the Act whereby the A.O. made additions after rejecting books of account U/s 145(3) of the Act. 4. The assessee challenged the action of the A.O. before the ld. CIT(A) and also raised objection against the validity of reopening of the assessment. The ld. CIT(A) has dismissed

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, KOTA vs. M/S SHIV VEGPRO PVT. LTD., KOTA

In the result, appeal of the revenue is dismissed

reassessment order passed is quashed.” This Bench of the Tribunal in the case of M/s. Zari Silk India Pvt. Ltd. in ITA No. 1103/JP/2019 dated 17.12.2019 has also considered identical issue at pages 11 to 16 as under :- “The first part of the reasons recorded by the AO is nothing but the details of share capital received by the assessee

KALYAN PRASAD AGARWAL,BHARATPUR vs. ACIT, BHARATPUR

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

house property at Bayana and hence was not eligible for exemption u/s 54F of the IT Act. The said finding is illegal and unjustified. 4. That on the facts and circumstances of the case the learned CIT(Appeals) has erred in holding that the assessee was not eligible to claim benefit of exemption