SHRI KALYAN BUILDMART PVT. LTD,JAIPUR vs. PRINCIPAL COMMISSIONER OF INCOME TAX-2, JAIPUR, JAIPUR

Bench: The Date Of Hearing.”

house." 8. After responding to all the queries of ld. AO and after satisfying him in respect of all the issues raised following alternative submission was made vide response letter dated 26.12.2019: - “Further, as per explanation of section 56(2)(viib), the fair market value of the share shall be the value (1) as per rule 11UA

AJAY BAKLIWAL,KOTA vs. ACIT, CENTRAL CIRCLE, KOTA, KOTA

Housing Scheme Policy, 2009.\nAll the above evidences establish beyond doubt that M/s Nav Bharat Nirman \nCo. (JV) has taken loan from R. K. Verma for the purpose of its business and the \ntransactions are duly reflected in its regular books of accounts, which have been \nduly audited. The ITRs have been filed and the same have been accepted

NAINA SARAF,JAIPUR vs. PR.CIT-2, JAIPUR

In the result, this appeal of the assessee is allowed

Bench: Shri Sandeep Gosain, Jm & Shri Vikram Singh Yadav, Am Vk;Dj Vihy La-@Ita No. 271/Jp/2020 Assessment Year: 2015-16 Cuke Naina Saraf, Pr.Cit-2, Vs. B-93, Surya Marg, Tilak Nagar, Jaipur. Jaipur. Pan No.: Aevps 4665 N Vihykfkhz@Appellant Izr;Fkhz@Respondent

house property, professional income and income from other source. The case of the assessee was selected under CASS for the reason of "Purchase of property". During the assessment proceedings, notice u/s 142(1) of the Income Tax Act, 1961 (in short, the Act) along with questionnaire was issued to the assessee asking various details w.r.t. the purchase of property

HOLIDAY TRIANGLE TRAVEL PRIVATE LIMITED,GURGAON vs. INCOME TAX OFFICER, JAIPUR

In the result, appeal of the assessee is allowed

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI GAGAN GOYAL (Accountant Member)

House, Vs. Ward 7(3) Sector-32, Jaipur. Gurgaon. (Haryana) LFkk;hys[kk la-@thvkbZvkj la-@PAN/GIR No. AACCH 7688 E vihykFkhZ@Appellant izR;FkhZ@Respondent fu/kZkfjrh dh vksj ls@Assesseeby : Shri Dilip Shivpuri, Advocate & Shri Utkarsh Shara, Advocate jktLo dh vksj ls@ Revenue by : Shri Gautam Singh Choudhary, JCIT lquokbZ dh rkjh[k@ Date of Hearing : 07/01/2025 ?kks"k.kk

THE BANK OF RAJASTHAN EMPLOYEES CREDIT & THIRFT COOPERATIVE SOCIETY LIMITED,JAIPUR vs. ACIT, CIRCLE-1, JAIPUR

In the results appeal of the assessee in ITA No

house property chargeable under section 22.\nExplanation. For the purposes of this section, an "urban consumer co-operative society\nmeans a society for the benefit of the consumers within the limits of a municipal\ncorporation, municipality, municipal committee, notified area committee, town area or\ncantoriment\n10\nITA No. 213/JP/2025\nThe Bank of Rajasthan Employees Credit & Thirft Cooperative Society Limited

OMPRAKASH,DHOLPUR vs. ITO WARD 4 BHARATPUR, BHARATPUR

In the result, the both the appeals of the assessee are allowed for statistical\npurposes as indicated hereinabove\nOrder pronounced in the open court on\n17/01/2025

property on dated 23/07/2003 (Refer Purchase Deed 17-23) of Paper Book\nand cost of acquisition is as under:-\nCost of purchase Rs 75000/-\nStamp Duty Rs 8450/-\nRegistration Fees Rs 2578/-\nOther Fees Rs 500/-\nTotal Cost of acquisition Rs 86528/-\nAnd the Indexed Cost of Acquisition Comes to Rs.86528* 184/109=1,46,066\nThat the Ld. ITO, Bharatpur

WEST CENTRAL RAILWAY EMPLOYEES COOPERATIVE CREDIT SOCIETY LTD.,KOTA vs. ITO, WARD-2(1), KOTA, KOTA

In the results, the appeal of the assessee in ITA no

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

56 of the Act. In view of above, Ld. CIT(A), NFAC be directed to allow deduction u/s 80P(2) to the assessee as claimed. 10. The ld. AR of the assessee in addition to the above written submission so filed vehemently argued that the assessee being credit co- operative society is eligible to claim the deduction, and thereby

WEST CENTRAL RAILWAY EMPLOYEES COOPERATIVE CREDIT SOCIETY LTD.,KOTA vs. ITO, WARD-2(1), KOTA, KOTA

In the results, the appeal of the assessee in ITA no

56 of the Act.\nIn view of above, Ld. CIT(A), NFAC be directed to allow deduction u/s 80P(2) to\nthe assessee as claimed.\n10. The Id. AR of the assessee in addition to the above written\nsubmission so filed vehemently argued that the assessee being credit co-\noperative society is eligible to claim the deduction, and thereby

WEST CENTRAL RAILWAY EMPLOYEES COOPERATIVE CREDIT SOCIETY LTD.,KOTA vs. ITO, WARD-2(1), KOTA, KOTA

In the results, the appeal of the assessee in ITA no

56 of the Act.\nIn view of above, Ld. CIT(A), NFAC be directed to allow deduction u/s 80P(2) to\nthe assessee as claimed.\n10. The Id. AR of the assessee in addition to the above written\nsubmission so filed vehemently argued that the assessee being credit co-\noperative society is eligible to claim the deduction, and thereby

DEPUTY COMMISSIONER OF INCOME TAX, JAIPUR vs. M/S WORSHIP INFRAPROJECTS PVT LTD(PREVIOUSLY KNOWN AS OM METALS SPML INFRAPROJECTS PVT LTD), JAIPUR

In the result of the appeal of the assessee is allowed

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

vii) M/s. Sobha City vs. ACIT Circle 1(2)(2) Bangalore (ITA No.2936/Bang/20180) AY 2014-15 (Case law Paper Book page 38-53) Hon'ble Tribunal relied upon the decision in the case of M/S. Cauvery Aqua Pvt. Ltd., decision of Hon'ble Karnatak High Court in the case of Texport Overseas (P.) Ltd, and several other decisions mentioned

WORSHIP INFRAPROJECTS PRIVATE LIMITED,JAIPUR vs. DCIT, CEIRCLE-2, JAIPUR

In the result of the appeal of the assessee is allowed

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

vii) M/s. Sobha City vs. ACIT Circle 1(2)(2) Bangalore (ITA No.2936/Bang/20180) AY 2014-15 (Case law Paper Book page 38-53) Hon'ble Tribunal relied upon the decision in the case of M/S. Cauvery Aqua Pvt. Ltd., decision of Hon'ble Karnatak High Court in the case of Texport Overseas (P.) Ltd, and several other decisions mentioned

CAREER POINT LIMITED,KOTA, RAJASTHAN vs. PRINCIPAL COMMISSIONER OF INCOME TAX, UDAIPUR, RAJASTHAN

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)

vii) ITAT KOLKATA BENCH 'C' in the case of Deputy Commissioner of Income Tax, Circle-2, LTU, Kolkata v. Century Plyboards (I)Ltd[2021]123taxmann.com256. (copy at PB page 164-189) In the case it was held that where assessee's own interest-free funds in form of share capital and free reserves were more than its investment yielding exempt

ALOK VIJAWAT,JAIPUR vs. PCIT, UDAIPUR, UDAIPUR

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

vii) In view of the above, since the Income was not charged/considered under the Correct Head/Section and the correct tax was not levied by the AO/NeAC, therefore due to incorrect assumption of facts and incorrect application of law the tax been under computed/under assessed by Rs.33,45,949/- in the case while passing the Assessment Order on 29.09.2021, the same

INDIRA GIRI,JAIPUR vs. ASSESSING OFFICER, INCOME TAX DEPARMENT JAIPUR

The appeal of the assessee is allowed

Bench: The Due Date Of Furnishing Itr, Therefore Deposit In Capital Gain Account For Compliance U/S 54(2) Was Impossible On The Part Of The Assessee.

section 54F (1)b of the Income Tax Act. 5.1.1. In the computation of income, the appellant had claimed Rs.1,20,380/- as cost of acquisition, which was supported by a purchase deed of both the property. The AO noted that that the total cost of both the property amounted to Rs.1,02,225/- (Rs. 87,725/- Rs.14

KULDEEP SINGH SHEKHAWAT,KOTA vs. ITO W-2(1), KOTA, KOTA

In the result, the appeal of the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Gagan Goyalkuldeep Singh Shekhawat, 11, Samridhi Traders, Police Line, Gopal Vihar, Baran Road-324001 Pan No. Araps0973M ...... Appellant Vs. Income Tax Officer, Ward-2(1), Kota …... Respondent

56,070/- (i.e. Rs. 32,76,000/ cost of new house and Rs. 1,63,830/- being registry charges). The disallowance so made and confirmed by the Id. CIT (A), being contrary to the provisions of law and the established facts, kindly be deleted in full. 4. Registry charges not included

RENU PODDAR,JAIPUR vs. PRINCIPAL COMMISSIONER OF INCOME TAX-2, JAIPUR

In the result the appeal of the assessee is allowed

VII. Section 54F provides that if any long term capital asset (except residential house property) is sold and the assessee had purchased within one year before the date of sale or two year after the date of sale, a residential house property then the assessee shall be allowed deduction u/s 54F. The purchase made by the assessee was within

SMT. GYAN DEVI,ALWAR vs. ITO, WARD-1(1), ALWAR, ALWAR

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

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

House No. 92, Bilaheri, Bilaheri Vs. Ward-1(1), Alwar. Kotkasim, Alwar. LFkk;h ys[kk la-@thvkbZvkj la-@PAN/GIR No.: BZZPD4713N vihykFkhZ@Appellant izR;FkhZ@Respondent fu/kZkfjrh dh vksj ls@ Assessee by : Shri P. C. Parwal (C.A.) jktLo dh vksj ls@ Revenue by : Shri Anoop Singh (Addl. CIT) a lquokbZ dh rkjh[k@ Date of Hearing : 14/08/2024

DCIT, CENTRAL CIRCLE, AJMER vs. M/S SILVERTOSS COMMODITIES PVT. LTD., KOLKATA

The appeals of the revenue stand dismissed and the cross objections of the assessee are partly allowed

vii Completed assessments can be interfered with by the AO while making the assessment under Section 153A only on the basis of some incriminating material unearthed during the course of search or requisition of documents or undisclosed income or property discovered in the course of search which were not produced or not already disclosed or made known in the course