DCIT, CIRCLE-2, JAIPUR vs. SMT. VEENA GOAYAL, JAIPUR

In the result, this appeal of the revenue is dismissed

House Pvt. Ltd. Jaipur and the assessee is also a director in the said company. The shares were allotted on face value of Rs. 10/- only. Whereas as per the section 56(2)(vii)(c) the value of the share at the time of allotment is of Rs. 20.37, thus it can clearly be concluded that the shares were issued

NARAIN LAL AGRAWAL,JAIPUR vs. DCIT CIRCLE 1 JAIPUR, JAIPUR

House property, Capital Gain and other sources during the year under consideration. Return of Income for the year under appeal was filed by assessee on 13.02.2021, declaring total income of Rs.1,19,33,590/- (APB 1). Case of assessee was selected for Limited scrutiny under CASS for examination of “Purchase value of property less than the value as per stamp

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

M/S NABH MULTITRADE PVT. LTD.,JAIPUR vs. INCOME TAX OFFICER, JAIPUR

In the result, appeal of the assessee is allowed

House, 1, Tara Nagar, Ward 3(2), Opp. Orbit Mall, Ajmer Road, Jaipur. Jaipur. LFkk;h ys[kk la-@thvkbZvkj la-@PAN No. AADCN 0285 A vihykFkhZ@Appellant izR;FkhZ@Respondent jktLo dh vksj ls@ Revenue by : Smt. Chanchal Meena (Addl. CIT) fu/kZkfjrh dh vksj ls@ Assessee by : Shri Manish Agarwal (CA) lquokbZ dh rkjh[k@ Date of Hearing

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

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

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

Housing Scheme at Kansua, Kota, for which an amount of Rs.20 crores was fixed, which has been paid along with interest to Shri Bakliwal, and the said document is a description of part payments made in this regard. On the basis of the above referred Page No. 56 and the statements of Shri R.K.Verma, the assessee was made to depose

ACIT(EXEMPTION), JAIPUR vs. MAHIMA SHIKSHA SAMITI, JAIPUR

In the result, all the grounds taken by the Revenue are dismissed and ground taken by the assessee society is allowed

vii) investment or deposit in any public sector company: Provided that where an investment or deposit in any public sector company has been made and such public sector company ceases to be a public sector company,— (A) such investment made in the shares of such company shall be deemed to be an investment made under this clause for a period

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

SMT. BIRMA DEVI,JAIPUR vs. INCOME TAX OFFICER, WARD-6-2, JAIPUR

In the result, appeal of the assessee is allowed in terms indicated

Bench: The Hearing Of This Appeal.”

vii) J.P. Boder Co. v/s CBDT (SC) 223 ITR 271 (viii) CIT v/s Hero Cycles (SC) 228 ITR 463 (ix) CIT v/s National Thermal Power Co. Ltd. (SC) 157 CTR 249 (x) C.I.T v/s Ramco International 332 ITR 306 (P&H) (xi) C.I.T v/s Bhaskar Mitter (Cal) 73 TAXMAN 437 (xii) C.I.T v/s Rajasthan Fasteners

SHIKSHA VIBHAG KARMACHARIGAN SAHAKARI SAMITI LIMITED,KOTA vs. ITO, KOTA

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

56(i)(ccv) of the Banking Regulations Act, 1949, defines a primary Co-Operative Society bank as the meaning of Co-Operative Society. Therefore, a Co-operative Society Bank would be included in the words 'Co-operative Society'. 10. Admittedly, the interest which the assessee respondent had earned was from a Co-operative Society Bank. Therefore, according Shiksha Vibhag Karmacharigan

SHIKSHA VIBHAG KARMACHARIGAN SAHAKARI SAMITI LIMITED,KOTA vs. INCOME TAX OFFICER, KOTA

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

56(i)(ccv) of the Banking Regulations Act, 1949, defines a primary Co-Operative Society bank as the meaning of Co-Operative Society. Therefore, a Co-operative Society Bank would be included in the words 'Co-operative Society'. 10. Admittedly, the interest which the assessee respondent had earned was from a Co-operative Society Bank. Therefore, according Shiksha Vibhag Karmacharigan

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

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

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