NIRMAL KUMAR AGRAWAL,JAIPUR vs. DCIT, CIRCLE - 4 , JAIPUR

In the result, the appeal of the assessee is allowed

short term capital gain of Rs.15,72,409/- and not on entire value of transactions i.e. 86,31,724/-. Appellant prays that shares were purchased Online, through banking channels and were duly recorded in books of accounts, thus source of the same was explained and addition so made is absolutely unwarranted and deserves to be deleted. 3.1 That, Ld.CIT

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.

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-tax Act, 1961, and levied the penalty of Rs 1,04,110. In appeal before the Commissioner ofIncome-tax (Appeals), the penalty amount was reduced

SUPERFINE HOTELS PRIVATE LIMITED,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-6,, JAIPUR

In the result, appeal of the assessee is partly allowed

term capital gain' and claimed exemption, but the\ntransaction has been disclosed in the return. That was his mistake and\nnot the mistake of the assessee. When the assessee has disclosed the\ntransaction which is the basis for capital gain tax and though wrongly\nclaimed exemption from the capital gain tax, but that cannot be a case\nof penalty under

CHANDRA PRAKASH JAIN,JAIPUR vs. CIRCLE 1, JPR, JAIPUR

In the result, ground raised by the assessee is partly allowed

Bench: Shri Gagan Goyal & Shri Narinder Kumar

Short-Term Capital gain as manipulated by the assessee and earned from the shares of Twenty First Century (India) Limited amounting to Rs. 1, 34, 99,620/- is treated as bogus Long Term Capital Gain and is being disallowed and added back to the total income of the assessee treating the same as income from other sources. Since assessee

AJOY SHARMA ,JAIPUR vs. DCIT CENTRAL CIRCLE-1, JAIPUR, JAIPUR

short\nperiod of 18 days only from the receipt of the said notice u/s 133(6), filed returns\nof income on 30.03.2018 u/s 148 (when issued on 26.03.2018 for all the years)\n(PB 4). The entire tax which became payable with interest was paid and there is\nno dispute on that aspect.\n5A. Very pertinently notice u/s

ASSISTANT COMMISSIONER OF INCOME TAX, JAIPUR vs. JITENDRA KUMAR AGARWAL, JAIPUR

In the result, the appeals filed by the Revenue are dismissed

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

short AO]. 2.1 At the outset of hearing, when confronted to the ld. DR about the registry’s point that the appeal is delayed by 4 days. On that aspect of the matter ld. DR submitted that in the Case of Shri Nath Corporation ld. CIT(A) passed order on 01.01.2024 which was received on 09.02.2024 [ proof enclosed vide letter

AJOY SHARMA,JAIPUR vs. DCIT CENTRAL CIRCLE-1, JAIPUR, JAIPUR

short\nperiod of 18 days only from the receipt of the said notice u/s 133(6), filed returns\nof income on 30.03.2018 u/s 148 (when issued on 26.03.2018 for all the years)\n(PB 4). The entire tax which became payable with interest was paid and there is\nno dispute on that aspect.\n5A. Very pertinently notice u/s

AJOY SHARMA ,JAIPUR vs. DCIT CENTRAL CIRCLE-1, JAIPUR, JAIPUR

short\nperiod of 18 days only from the receipt of the said notice u/s 133(6), filed returns\nof income on 30.03.2018 u/s 148 (when issued on 26.03.2018 for all the years)\n(PB 4). The entire tax which became payable with interest was paid and there is\nno dispute on that aspect.\n5A. Very pertinently notice u/s

AJOY SHARMA ,JAIPUR vs. DCIT CENTRAL CIRCLE-1, JAIPUR, JAIPUR

short\nperiod of 18 days only from the receipt of the said notice u/s 133(6), filed returns\nof income on 30.03.2018 u/s 148 (when issued on 26.03.2018 for all the years)\n(PB 4). The entire tax which became payable with interest was paid and there is\nno dispute on that aspect.\n5A. Very pertinently notice u/s

AJOY SHARMA ,JAIPUR vs. DCIT CENTRAL CIRCLE-1, JAIPUR, JAIPUR

short\nperiod of 18 days only from the receipt of the said notice u/s 133(6), filed returns\nof income on 30.03.2018 u/s 148 (when issued on 26.03.2018 for all the years)\n(PB 4). The entire tax which became payable with interest was paid and there is\nno dispute on that aspect.\n5A. Very pertinently notice u/s

VINAYA SHARMA,KOTA vs. LD. ACIT, CENTRAL CIRCLE, KOTA, KOTA

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

penalty u/s 271(1)(c) of Income tax Act, 1961 on difference of income (Income 27,550 & Short Term Capital Gain

ASHEESH SHARMA,KOTA vs. LD. ACIT, CENTRAL CIRCLE, KOTA, KOTA

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

penalty u/s 271(1)(c) of Income tax Act, 1961 on difference of income (Income 27,550 & Short Term Capital Gain

ASHEESH SHARMA,KOTA vs. LD. ACIT, CENTRAL CIRCLE, KOTA, KOTA

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

penalty u/s 271(1)(c) of Income tax Act, 1961 on difference of income (Income 27,550 & Short Term Capital Gain

VINAYA SHARMA,KOTA vs. LD. ACIT, CENTRAL CIRCLE, KOTA, KOTA

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

penalty u/s 271(1)(c) of Income tax Act, 1961 on difference of income (Income 27,550 & Short Term Capital Gain

PRIYANKA KHANDELWAL,KOTA vs. LD. ACIT, CENTRAL CIRCLE, KOTA, KOTA

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

penalty u/s 271(1)(c) of Income tax Act, 1961 on difference of income (Income 27,550 & Short Term Capital Gain

ASHEESH SHARMA,KOTA vs. LD. ACIT, CENTRAL CIRCLE, KOTA, KOTA

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

penalty u/s 271(1)(c) of Income tax Act, 1961 on difference of income (Income 27,550 & Short Term Capital Gain

ASHEESH SHARMA,KOTA vs. LD. ACIT, CENTRAL CIRCLE, KOTA, KOTA

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

penalty u/s 271(1)(c) of Income tax Act, 1961 on difference of income (Income 27,550 & Short Term Capital Gain

VINAYA SHARMA,KOTA vs. LD. ACIT, CENTRAL CIRCLE, KOTA, KOTA

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

penalty u/s 271(1)(c) of Income tax Act, 1961 on difference of income (Income 27,550 & Short Term Capital Gain