SAVITRI LEASING FINANCE LTD,JAIPUR vs. INCOME TAX OFFICER, WARD - 4(2), JAIPUR, JAIPUR

In the result, the appeal of the assesee is allowed

Bench: SHRI SANDEEP GOSAIN (Judicial Member), DR MITHA LAL MEENA (Accountant Member)

house property will not be eligible for carry forward following the same approach adopted in the assessment order. This issue is interlinked and emanating from the revised computation submitted by the appellant to the assessing officer and also to the findings of the assessing officer in the assessment order and it can be said that the depreciation was overlooked inadvertently

SHREYA SINGHVI,JAIPUR vs. INCOME TAX OFFICER WARD 2(2) JAIPUR, JAIPUR

In the result, the appeal of the assessee is allowed

Bench: Dr. S. Seethalakshmi & Shri Gagan Goyalshreya Singhvi, 80, Kiran Marg, Suraj Nagar Jaipur 302 006 Pan No.: Agmps 2639D ...... Appellant Vs.

property", other than the new asset, the amount of capital gain arising from the transfer of the original asset not charged under section 45 on the basis of the cost of such new asset as provided in clause (a), or, as the case may be, clause (b), of sub-section (1), shall be deemed to be income chargeable under

DAULAT SINGH HALDEA,JAIPUR vs. ITO WD 3(3), JAIPUR

The appeal is partly allowed as regards

Bench: SHRIGAGAN GOYAL (Accountant Member), SHRI NARINDER KUMAR (Judicial Member)

house property Rs. 1,84,800/- Income from Short term Capital Gain Rs. 5,43,882/- Income from other sources Rs. 72,282/- Add: Long term Capital Gain as discussed above Rs. 1,55,00,000/- Gross total income Rs. 1,63,00,964/- Less: deduction u/s 80C Rs. 27,500/- Total taxable income Rs. 1,62,73,464/- Rounded

M/S G.D. TAMBI & SONS,JAIPUR vs. ACIT, CIRCLE-3, JAIPUR, JAIPUR

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

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

73,111/-. Further against interest of Rs.6,38,837/- paid to Sangita Tambi, interest receipt is Rs.32,21,245/-. Therefore, even if the loss claimed under the head income from other sources is disallowed, the same be allowed in computing the income from house property. 3. The assessing officer held that claim of interest under the head income from house

M/S G.D. TAMBI & SONS,JAIPUR vs. ACIT, CIRCLE-3, JAIPUR, JAIPUR

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

Bench: moving towards the facts of the case we would like to mention that the assessee has assailed the appeal for assessment year 2015-16 in

73,111/-. Further against interest of Rs.6,38,837/- paid to Sangita Tambi, interest receipt is Rs.32,21,245/-. Therefore, even if the loss claimed under the head income from other sources is disallowed, the same be allowed in computing the income from house property. 3. The assessing officer held that claim of interest under the head income from house

URBAN IMPROVEMENT TRUST (NOW KOTA DEVELOPMENT AUTHORITY),KOTA vs. DCIT (EXEMPTIONS), CIRCLE, JAIPUR, JAIPUR

In the result, the assessee’s income is found to be not chargeable under the Income Tax Act at all and the AO is directed to delete the additions made, irrespective of the head of income

Bench: Dr. S. Seethalakshmi & Shri Gagan Goyalacit, Exemption, Circle, Jaipur ...... Appellant Vs.

house property’. 6. Under the facts and circumstances of the case and in law, the Ld. CIT(A) has erred in not allowing various expenditure incurred by Appellant Trust in entirety. 7. Under the facts and circumstances of the case and in law, the Ld. CIT(A) has erred in not allowing the set off of losses against the total

ACIT, EXEMPTIONS, CIRCLE , JAIPUR, JAIPUR vs. URBAN IMPROVEMENT TRUST, KOTA

In the result, the assessee’s income is found to be not chargeable under the Income Tax Act at all and the AO is directed to delete the additions made, irrespective of the head of income

Bench: Dr. S. Seethalakshmi & Shri Gagan Goyalacit, Exemption, Circle, Jaipur ...... Appellant Vs.

house property’. 6. Under the facts and circumstances of the case and in law, the Ld. CIT(A) has erred in not allowing various expenditure incurred by Appellant Trust in entirety. 7. Under the facts and circumstances of the case and in law, the Ld. CIT(A) has erred in not allowing the set off of losses against the total

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

house of Smt.\nSunita Shekhawat were incorrectly relied upon. The ld. AR argued that the\nadditions were made without properly appraising the entire material available on\nrecord.\nIt was further submitted that the entries on the basis of which the additions were\nmade reflected loans that the assessee had taken and projections of the loan\namounts which could have been

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

House Property before the due date of filing of return as per section 139(1) of the Act i.e. 31-7-2012. Based on these observations, AO issued a show-cause that why Rs. 1, 19, 45,236/- should not be taxed under the head "Long Term Capital Gain (LTCG)". 4. during the course of hearing, assessee relied upon

NIRMAL KUMAR DUGAR , JAIPUR vs. INCOME TAX OFFICER WARD 2(1) JAIPUR , JAIPUR

Appeal is allowed

Bench: This Appellate Tribunal.

house property and income from other sources, and as such, the assessee has rightly claimed the 6 Nirmal Kumar Dugar, Jaipur set off. In the written submissions, learned AR for the appellant has made reference to the decision in the case of Snowtex Investment Limited v. PCIT, Central 2, Kolkatta, CA No.4483 of 2019. Copy of the turnover

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

house property, and income from other sources. It has\nbeen submitted by the ld. AR of the assessee that these additions have been made\non an estimation basis without any concrete evidence or basis provided by the AO.\nThe ld. AR further contended that the CIT(A), without any valid reasoning, has\nconfirmed these additions. Submission made

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

house property, and income from other sources. It has\nbeen submitted by the ld. AR of the assessee that these additions have been made\non an estimation basis without any concrete evidence or basis provided by the AO.\nThe ld. AR further contended that the CIT(A), without any valid reasoning, has\nconfirmed these additions. Submission made

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

House Property- Rs. 8,17,320\n\n1.3. Income from Other Sources- Rs. 23,00,000\n\n2. It is submitted that there is no basis whatsoever through which the present additions were made by\nthe ld. AO to the income of the assessee.\n\n3. The assessee had not earned any such income during the year under consideration. Equating

KAPIL TANEJA,JAIPUR vs. ACIT CIRCLE 3, JAIPUR

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

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

section 68 of the IT Act to be taxed u/s 115BBE of the IT Act. Further ld. AO noted that in case of other five case the addition of Rs. 79,00,000/- was made because the PAN number and address was not mentioned in the confirmation and the audit report filed, therefore, ld. AO treated as non-genuine transaction

KATH BROTHERS,JAIPUR vs. ACIT, CENTRAL CIRCLE-3, JAIPUR, JAIPUR

In the result, the appeal of the assessee is allowed

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

house property, profits and gains of business or profession, or capital gains, nor is it income from other sources' because the provisions of sections 69, 69A, 69B, and 69C treat unexplained investments, unexplained money, bullion, etc., and unexplained expenditure as deemed income where the nature and source of investment, acquisition or expenditure, as the case may be, have not been

BIMAL ROY SONI,J L N MARG vs. DCIT, CIRCLE - 1, JAIPUR, STATUE CIRCLE

In the result, appeals of the assessee is partly allowed

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI, AM vk;dj vihy la-@ITA. Nos. 239 & 240/JP/2022 fu/kZkj.k o"kZ@Assessment Years : 2013-14 & 2014-15 Bimal Roy Soni 11, Chetak Marg, JLN Marg Jaipur cuke Vs. DCIT, Circle-01, Jaipur NCR, Building LFkk;h ys[kk la-@thvkbZvkj la-@PAN/GIR No.: AFPPS 1588 H vihykFkhZ@Appellant izR;FkhZ@Respondent fu/kZkfjrh dh vksj ls@ Assessee by : Shri Akhilesh Kumar Jain (C.A.) jktLo dh vksj ls@ Revenue by : Smt Runi Pal (Addl. CIT) a lquokb

section 22, the annual value of any property shall be deemed to be— (a) the sum for which the property might reasonably be expected to let from year to year; or (b) where the property or any part of the property is let57 and the actual rent received or receivable57 by the owner in respect thereof is in excess

BIMAL ROY SONI,J L N MARG vs. DCIT, CIRCLE-1, JAIPUR, N.C.R. BUILDING

In the result, appeals of the assessee is partly allowed

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI, AM vk;dj vihy la-@ITA. Nos. 239 & 240/JP/2022 fu/kZkj.k o"kZ@Assessment Years : 2013-14 & 2014-15 Bimal Roy Soni 11, Chetak Marg, JLN Marg Jaipur cuke Vs. DCIT, Circle-01, Jaipur NCR, Building LFkk;h ys[kk la-@thvkbZvkj la-@PAN/GIR No.: AFPPS 1588 H vihykFkhZ@Appellant izR;FkhZ@Respondent fu/kZkfjrh dh vksj ls@ Assessee by : Shri Akhilesh Kumar Jain (C.A.) jktLo dh vksj ls@ Revenue by : Smt Runi Pal (Addl. CIT) a lquokb

section 22, the annual value of any property shall be deemed to be— (a) the sum for which the property might reasonably be expected to let from year to year; or (b) where the property or any part of the property is let57 and the actual rent received or receivable57 by the owner in respect thereof is in excess

RESERVE BANK COOPERATIVE SOCIETY LTD.,JAIPUR vs. ITO, WARD-6(2), JAIPUR, JAIPUR

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

Bench: Sh. Sandep Gosain & Dr. M. L. Meena

73 Taxman.com 123, a Division Bench of the Calcutta High Court indicated that the judgment of the Supreme Court in Totagars is a binding authority for the proposition that interest income arising on the surplus invested in short-term deposits and securities would come under the category of income from other sources. 6.4 The appellant states that when there

LAL SINGH NADERIA,JAIPUR vs. ITO, JAIPUR

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

house property u/s 54 Rs. 36,61,600/-” The AO noticed that as per sale deed the stamp valuation authority had assessed the value of the property at Rs. 5,76,54,492/- for the purpose of stamp duty. However, this was finally assessed when the assessee went in appeal before the Additional Collector (Stamp