LAL CHAND MEENA ,JAIPUR vs. ITO, WARD 7-3, JAIPUR

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

houses, hotels, motels and resorts, etc & other tourism related activities. In view of above and the specific definition of transfer given in section 2(47) read with section 45(3), no capital gain can be assessed in the hands of the assessee and therefore the addition made by the AO and confirmed by the Ld. CIT(A) be deleted

SHRI SATISH CHANDRA KATTA,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, JAIPUR

section 50C of the IT Act 1961, and adopting the sale consideration at Rs. 84,44,842 against the actual sale consideration of Rs.49,00,000. The action of the ld. CIT(A) is illegal, unjustified, arbitrary and against the facts of the case. Relief may please be granted by accepting the sale consideration

SHRI SATISH CHANDRA KATTA,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, JAIPUR

50C(2) - Held, yes..”\n22. As per explanation (iia) to section 153B of the Income Tax Act, 1961, in computing the\nperiod of limitation of assessment u/s 153A the following period shall be excluded:\n“The period commencing from the date on which the Assessing Officer makes a reference to\nthe Valuation Officer under sub-section (1) of section 142A

SIYARAM EXPORTS INDIA PVT. LTD.,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, JAIPUR

section 50C of the IT Act 1961, and adopting the sale consideration at Rs. 84,44,842 against the actual sale consideration of Rs.49,00,000. The action of the ld. CIT(A) is illegal, unjustified, arbitrary and against the facts of the case. Relief may please be granted by accepting the sale consideration

SIYARAM EXPORTS INDIA PRIVATE LIMITED,JAIPUR vs. ITO WARD 6(4), JAIPUR, JAIPUR

section 50C of the IT Act 1961, and adopting the sale consideration at Rs. 84,44,842 against the actual sale consideration of Rs.49,00,000. The action of the ld. CIT(A) is illegal, unjustified, arbitrary and against the facts of the case. Relief may please be granted by accepting the sale consideration

SIYARAM EXPORTS INDIA PRIVATE LIMITED,JAIPUR vs. ITO WARD 6(4), JAIPUR, JAIPUR

50C(2) - Whether it was incumbent upon Assessing\nOfficer to refer matter for valuation to a Valuation Officer as provided in section\n50C(2) - Held, yes..\"\n\n22. As per explanation (iia) to section 153B of the Income Tax Act, 1961, in computing the\nperiod of limitation of assessment u/s 153A the following period shall be excluded

SHRI SATISH CHANDRA KATTA,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, JAIPUR

50C(2) - Whether it was incumbent upon Assessing\nOfficer to refer matter for valuation to a Valuation Officer as provided in section\n50C(2) - Held, yes..”\n22. As per explanation (iia) to section 153B of the Income Tax Act, 1961, in computing the\nperiod of limitation of assessment u/s 153A the following period shall be excluded:\n“The period commencing

SHRI SATISH CHANDRA KATTA,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, JAIPUR

section 50C of the IT\nAct 1961, and adopting the sale consideration at Rs. 84,44,842 against the actual sale\nconsideration of Rs.49,00,000. The action of the ld. CIT(A) is illegal, unjustified,\narbitrary and against the facts of the case. Relief may please be granted by accepting the\nsale consideration

NANAG RAM MEENA,JAIPUR vs. ITO WARD 6(4), JAIPUR

In the result, the appeal of the assesee is partly allowed as indicated\nhereinabove

1)(a) are\ncomplied with by the assessee and the assessee shall be eligible for\ndeduction in respect of the whole of the capital gains so computed under\nsection 45 read with section 48 and section 50C of the Act. The decisions\nof the Coordinate Benches as referred supra support the case of the\nassessee. Respectfully following the orders

NARAYAN HEIGHTS & TOWERS,JAIPUR vs. ITO, JAIPUR

In the result, the appeal of the assessee is allowed

Bench: The Hearing Of Appeal.”

house property and income from business or profession as proprietor of M/s. Mittal Enterprises. The return u/s 139(1) of the Act was filed on 25-10-2004 by the assessee declaring total income of Rs. 1,51,100/-. Search and seizure operations were carried out on 27-08-2008 on residential and business premises of the assessee. The return

GIRIRAJKRIPA DEVELOPERS PRIVATE LIMITED,JAIPUR vs. ITO, WARD-3(2), JAIPUR

In the result, appeal of the assessee is allowed

50C of the Act are applicable. 5. Against the order of the ld. CIT(A), the assessee is in further appeal before the ITAT. 6. Ground No. 1 of the appeal raised by the assessee relates to confirming the action of the A.O. by the ld. CIT(A) in passing the order U/s 148/143

GOVERDHAN PRASHAD SINGHAL,JAIPUR vs. ACIT/DCIT, JAIPUR

house property. 2. Whether on the facts and circumstances of the case and in law the ld. CIT(A) was justified in allowing relief to the assessee by considering lesser value u/s 50C of the I.T. Act, 1961 of the property sold as taken by the assessee himself. 3. The assessee in ITA 72/JP/2022 has raised the following grounds

DCIT, C-6, JAIPUR vs. GOVERDHAN PRASAD SINGHAL, JAIPUR

house property. 2. Whether on the facts and circumstances of the case and in law the ld. CIT(A) was justified in allowing relief to the assessee by considering lesser value u/s 50C of the I.T. Act, 1961 of the property sold as taken by the assessee himself. 3. The assessee in ITA 72/JP/2022 has raised the following grounds

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

50C(1) of the LT. Act. 1961, arbitrarily, thus the value so adopted deserves to be hold bad in law. Ground No. 4: On facts and in circumstances of the matter, the Ld. AO erred in making addition of Rs. 3,68,874/- u/s 69 on account of alleged investment in property, arbitrarily. Thus the addition so made deserve

SHRI MANOHAR LAL CHOUDHARY,JAIPUR vs. ACIT, CIRCLE-6, JAIPUR

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

House Property' and ignoring the uncontroverted affidavit of the staff of the assessee proving that the basement and 2 Sh. Manohar Lal Chaudhary, Jaipur Vs. Dy. CIT, Circle-06, Jaipur the room (kotari) were being used for the residence of the staff for last so many years. 1.2. Alternatively, because the Revenue authorities have grossly erred in not allowing

INCOME TAX OFFICER, WARD-1(2), JAIPUR, JAIPUR vs. MUKESH KUMAR SONI, JAIPUR

In the result appeal of the revenue is dismissed and the cross

Bench: Moving Towards The Facts Of The Case We Would Like To Mention

House (ITA No.613/2010). In the facts of above case, a cash of Rs. 24,58,400/- was deposited in bank account by the assessee. The Assessing Officer made the addition on the ground that nexus of such deposit was not establish with any source of income. The assessee claimed that it was duly recorded in the books of account

SHRI AVNISH BANSAL ,JAIPUR vs. INCOME TAX OFFICER, WARD-3-1, JAIPUR

In the result, the penalty so levied in both the cases is hereby directed to be deleted

50C at Rs 1,72,43,350 and investment in house property amounting to Rs 41,60,100 which was claimed under section

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

In the result the appeal of the assessee is allowed

section 50C supported by the case laws was filed. (c) In reply dt. 20.11.2019 (PB 25-28), the blindness certificate of brother, evidence of brokerage paid on sale of land and evidence of expenditure incurred on the agriculture land was filed. (d) In reply dt. 21.11.2019, explanation with respect to investment in house property and evidence of expenditure incurred