SH. NARENDAR KUMAR AGARWAL,JAWALI BHAWAN, STATION ROAD, ALWAR vs. PCIT, JAIPUR-1, JAIPUR

In the result the appeal of the assessee is allowed

house property by executing 3 sale deeds dt. 28.09.2012 (PB 59-67), dt. 29.04.2013 and dt. 11.02.2014 for Rs.40 lacs plus stamp duty expenditure of 15 Sh. Narendar Kumar Agarwal v. PCIT, Jaipur-1 Rs.2,34,500/- and incurred expenditure of Rs.7,77,000/- (PB 31-34) on construction, section 50C is not applicable as held by various decisions including

M/S. GANPATI GLOBAL PRIVATE LTD.,JAIPUR vs. ITO, WARD1(4), JAIPUR

In the result, the appeal of the assessee is dismissed

156 ITR 542) categorically held: "In this case, admittedly, the borrowing has not been made exclusively and solely for the purpose of earning interest in which case alone it should be taken as an income which should be deducted from the interest receipts." An assessee-company may have raised its capital by issue of shares or debentures or by borrowing

J.S.FOURWHEEL MOTORS (P) LTD ,ALWAR vs. ACIT. CIRCLE 1 ALWAR, ALWAR

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

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

House Property and the Id AO has not given any opportunity before making the addition. Thus the addition so made is just on the presumption, assumption and surmises of the ld. AO and the CIT (Appeals), has erred in not giving any finding thereon and also erred in not disposing off the this ground on merit. 4. Section 24 rent

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

Section 14A of the Act can\nbe made if the assessee had not earned any exempt income? - HELD THAT:- A\nperusal of the Memorandum of the Finance Bill, 2022 reveals that it explicitly stipulates\nthat the amendment made to Section 14A will take effect from 1st April, 2022 and will\napply in relation to the assessment year

RAKESH KUMAR JAIN,JAIPUR vs. DCIT,CIRCLE-2, JAIPUR, JAIPUR

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

Bench: Or At The Time Of Hearing Of The Appeal & / Or Modify Any Of The Above Grounds.

house property on April 26, 1991 The Assessing Officer did not accept this explanation and taxed this amount, ie difference of Rs. 1,40,000 as short-term capital gain. No appeal was preferred Therefore, that addition had become final. Thereafter, the Assessing Officer initiated the penalty proceedings under Section 271(1)(c) of the Income

SUWALKA AND SUWALKA PROPERTIES AND BUILDERS PVT LTD,KOTA, RAJASTHAN vs. ACIT, CENTRAL CIRLCE, KOTA, KOTA, RAJASTHAN

Bench: Him Challenging The 2 Suwalka & Suwalka Properties & Builders Pvt. Ltd. Vs. Acit Assessment Order Dated 22.12.2019 Passed U/S.143(3)Of The Income Tax

section 145(3) while making the addition. The ITAT in the above order also held that the subject matter of assessment is the matters which were taken up by the Assessing Officer during the scrutiny assessment are very much subject matter of appeal so far as the power of the Commissioner (Appeals) exercising enhancement of income. In this case also

ALLEN CAREER INSTITUTE,JAIPUR vs. JCIT, KOTA

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

house property? No. The case laws cited by assessee are not relevant as in the case of assessee nexus between borrowed funds and investment as clearly established. The payments were directly made from overdraft account only and also admitted by assessee. Considering the above, disallowance of interest of Rs.20,45,751/- is confirmed. This Ground of appeal is, therefore, dismissed

MACRO PROPRIETIES PRIVATE LIMITED,M 28 INCOME TAX COLONY TONK ROAD JAIPUR vs. DCIT CENTRAL CIRCLE 2, LIC BUILDING JAIPUR

In the result, the appeals of the assessee are allowed

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI, AM vk;djvihy la-@ITA No.174 TO 177/JP/2023 fu/kZkj.ko"kZ@AssessmentYear : 2013-14 TO 2016-17 M/s. Macro Properties Pvt. Ltd.M-28, Income Tax Colony, Tonk Road Jaipur cuke Vs. The DCIT Central Circle-2 LIC Building, Jaipur LFkk;hys[kk la-@thvkbZvkj la-@PAN/GIR No.: AAFCM 3633 D vihykFkhZ@Appellant izR;FkhZ@Respondent fu/kZkfjrh dh vksjls@Assesseeby : Shri C.M. Agarwal, CA jktLo dh vksjls@Revenue by: Shri JameshKurian, CI

section 153C of the Act qua the necessity to establish the correlation the document wise with the assessment eyars in question was considered by the Hon’ble Supreme Court in the case of CIT-III, Pune Vs Singhad Technical Education Society (reported in (2017) 84 Taxmann.com 290} … Para 10- The Tribunal further noted that the said Mr T John Rajasekhar

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-2, KOTA, KOTA vs. RISHIRAJ SINGH, JHALAWAR

In the result, the appeal of the revenue is dismissed

House Property. We are therefore, of the considered view that since there is\nno change in the facts of the case, the rule of consistency applies in accordance with Hon'ble\nSupreme Court in the case of Radhaswami Satsang vs. CIT (supra).\"\nGround of Appeal No.3\nWhether on the facts and circumstances of the case, the Ld. CIT(A), NFAC

BHAGWAN SINGH POSWAL,JAIPUR vs. INCOME TAX OFFICE, WARD 1(4), JAIPUR

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

Bench: Or During The Course Of The Hearing Of The Appeal.”

Section 144 of the Income tax Act, 1961 (in short 'the Act') dated 19.02.2014. 2. The assessee has raised the following grounds:- 2 Bhagwan Singh Poswal vs. ITO “1.The ld. CIT(A) has erred in upholding the addition of Rs. 1,73,78,350/- u/s 68. That on the facts and in the circumstances of the case, the said addition

RAGHAV KUMAR DHOOT,JAIPUR vs. DCIT CENTRAL CIRCLE 1, JAIPUR

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

house property and income\nfrom other sources.\n3.1 In the case of M/s Dhoot Sangmermer Pvt. Ltd, a survey\nunder section 133A of the Act was carried out on 05/06/2018 and\nduring the course of survey, certain papers were found at the\nbusiness premises of the company which was inventorised by the\nsurvey party as Annexure A-(Exhibit No.02). Shri

BHAWANI SHANKAR GUPTA,JAIPUR vs. INCOME TAX OFFICER, WARD 4(1) JAIPUR, JAIPUR

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

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

156, Sindhu Nagar, Vs. Ward 4(1), Murlipura, Jaipur Jaipur LFkk;h ys[kk la-@thvkbZvkj la-@PAN/GIR No.: AEHPG 6497 G vihykFkhZ@Appellant izR;FkhZ@Respondent fu/kZkfjrh dh vksj ls@ Assessee by : Shri Vishal Gupta (C.A.) jktLo dh vksj ls@ Revenue by : Smt Monisha Choudhary (Addl. CIT) a lquokbZ dh rkjh[k@ Date of Hearing : 16/03/2023 mn?kks"k.kk

HIRALAL VIJAWAT , BHAWANIMANDI,BHAWANIMANDI vs. ACIT / DCIT CENTRAL CIRCLE KOTA, KOTA

156 of the Act and challan for payment of tax, if\r\npayable, is hereby issued. Penalty u/s 271AAC of the Income Tax Act is initiated as\r\nassessed income includes income chargeable u/s 115BBE by way of issue of notice u/s\r\n274 r.w.s 271AAC of the Act. Penalty notice u/s 274 r.w.s 271AAC of the Act is issued

URMILA RAJENDRA MUNDRA,AJMER vs. INCOME TAX OFFICER, WARD-2(2), AJMER, AJMER

In the result grounds raised by the assessee is allowed

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

Property sold (1/2 share). The reason granted by A.O. for such dis-allowance is “In absence of any supporting document / Evidences claim of “COST OF IMPROVEMENT” Rs 489159 is disallowed”. B. Whereas the Assessee vide reply to notice u/sec 142(1) of Act date 20.07.2023 has filed complete Details/Proof for such claim. Again on 23.08.2023 such Details/Evidence were E-Filed

RAJ KUMARI MAHESHWARI,JAIPUR vs. DY CIT, CC-II, JAIPUR

In the result, this appeal of the assessee is allowed

house property, capital gain and other sources. The assessee for the year under consideration filed return of income declaring total income of Rs. 2,64,980/- and in response to notice u/s 153A filed return of income declaring same income of Rs. 2,64,980/-. In the return of income assessee declared long term capital gain

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3, INCOME TAX OFFICE vs. SHRI SURESH KUMAR GUPTA, SRIGANGANAGAR

In the result the appeal of the revenue in ITA No

house in which he was residing belongs to the members of the group only. Shri Amit Gidra has clearly stated that to maintain the assessee company turnover was indulged in circular trading and Kolkata based companies are also part of such practice. 15. During the course of post-search proceedings, when asked about the genuineness of purchases shown to have

DEPUTY COMMISSIONER OF INCOME TAX, INCOME TAX DEPARTMENT, CENTRAL CIRCLE-3 vs. M/S N. M. AGROFOOD PRODUCTS PVT. LTD., SRIGANGANAGAR

In the result the appeal of the revenue in ITA No

house in which he was residing belongs to the members of the group only. Shri Amit Gidra has clearly stated that to maintain the assessee company turnover was indulged in circular trading and Kolkata based companies are also part of such practice. 15. During the course of post-search proceedings, when asked about the genuineness of purchases shown to have

SUBHASH SHARMA,JAIPUR vs. DCIT, CIRCLE-6, JAIPUR

In the result, appeal of the assessee is allowed

Bench: Us.

house property and other sources. The assessee for the year under consideration filed return of income u/s 139(1) declaring total income of Rs. 1,07,53,630/- which included Long Term Capital Gain of Rs. 94,72,909/- earned on sale of agricultural land which was jointly held in 2 Shri Subhash Sharma, Jaipur. equal share with his brother