VIPUL KUMAR MODI ,JAIPUR vs. PRINCIPAL COMMISSIONER OF INCOME TAX, JAIPUR -I

In the result, appeal of the assessee is allowed

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

reassessment order passed by the Id. Assessing Officer u/s. 147 r.w.s. 144B of the Act is found to be erroneous in so far as it is prejudicial to the interest of the revenue. 2 2. That the Id. Principal Commissioner of Income- tax grossly erred in treating the exempt Long-Term Capital Gain

DCIT, CENTRAL CIRCLE-2, JAIPUR, JAIPUR vs. KAMLAPRABHA L/H OF LATE SHRI GOPAL LAL JI GOSWAMI, KOTA

In the result, the appeal of the revenue is dismissed and the Cross objection of the assessee is disposed off in terms of the observation made herein above

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

Long-Term Capital Gain of Rs.3,78,74,469/- (PB5). The Id. AO has discussed the issue of LTCG particularly in para 2 (PB 120). The AO, who finally passed the order dt.31.07.2016 u/s 143(3) of the Act (PB 119-121) by making additions / disallowances of Rs. 25,200/-and Rs. 8,52,531/-. Notably, no variation has been

MAZHAR ILAHI SHAMSI,JAIPUR vs. ITO, WARD 1(1), JAIPUR, JAIPUR

In the result, appeal of the Assessee is partly allowed as per the terms indicated above

Bench: Dr. Manish Borad

reassessment proceedings is hereby dismissed. 4. Ground No.2 raised on merits of the case against the addition made under the head „long term capital gain

DINESSH KUMAR SHARMA,JAIPUR vs. ITO, WARD4(2), JAIPUR

In the result, appeal of the assessee is allowed

long\nterm capital gains were earned by the appellant on alleged scrip. Rather, short term capital gains\nwere earned by the appellant, which was later admitted by the learned AO. However, learned AO\nproceeded to make addition on entirely new ground, ie, 'unexplained investment" with regards to\npurchases made. Hence, the law laid down by jurisdictional High Court squarely applies

PRAMILA AGARWAL,JAIPUR vs. THE INCOME TAX OFFICER WARD-2(5), JAIPUR

In the result, the appeal of the assessee is allowed

reassessment order deserves to be\nquashed.\n\nWithout prejudice to above and in the alternative\n\n4. On facts and in the circumstances of the matter, the Ld. CIT(A) erred in\nconfirming the action of ld. AO, in holding the long-term capital gain

RAM SHARAN KATTA, 257, KATTA STREET, JAIN MANDIR WALI GALI, DURGAPURA, JAIPUR,JAIPUR vs. ITO WARD-6(4), JAIPUR, WARD-6(4), JAIPUR

In the result, the appeals of the assessee are allowed

long term capital loss of Rs. 179799/- as claimed by the\nassessee which is absolutely not acceptable as per above discussion. Therefore,\nShort term capital gain of Rs. 7,59,696/- is added to total income of assesee.\"\n1.5 It is humbly submitted that books of accounts of assessee's proprietorship concern\nM's S.R. International were duly audited. Therefore

RAM SHRAN KATTA, 257, KATTA STREET, JAIN MANDIR WALI GALI, DURGAPURA, JAIPUR,JAIPUR vs. ITO WARD-6(4), JAIPUR

In the result, the appeals of the assessee are allowed

long term capital loss of Rs. 179799/- as claimed by the\nassessee which is absolutely not acceptable as per above discussion. Therefore,\nShort term capital gain of Rs. 7,59,696/- is added to total income of assesee.\"\n1.5 It is humbly submitted that books of accounts of assessee's proprietorship concern\nM's S.R. International were duly audited. Therefore

ALOK KUMAR JAIN ,PEARL PLEASURE vs. ACIT CIR-6, JAIPUR, NEW CERNTRAL REVENUE BUILDING, BHAGWAN DASS ROAD, JAIPUR, RAJASTHAN,

Bench: Him.

Long Term Capital Gain of Rs. 4,64,99,603/- on sale of Rs. 4,77,46,835/- worth of shares of YICL allegedly held by the appellant for more than one year. On the basis of the above information the AO recorded the reason to believe that income has escaped assessment and jurisdiction to reassess

FEDERATION OF RAJASTHAN TRADE AND INDUSTRY,JAIPUR vs. ITO-EXEMPTION WARD-2, JAIPUR

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

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

Long term capital loss of Rs. 50,450/-. That the Humble Appellant has claimed the cost of Property as on 01-04-1981 at Rs. 6,55,000/-. That the Learned Assessing Officer considered only Purchase value of Rs. 21,653/- as on 01-06-1973, Taxes/Stamp Duty paid as per Registry Deed & Other Expenses infact the humble Appellant have

DEPUTY COMMISSINER OF INCOME TAX, LIC BUILDING vs. M/S GEE VEE DEVELOPERS PVT. LTD., JAIPUR

In the result, the appeals of the revenue stands dismissed

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

capital asset within the meaning of section 2(14) of the I.T. Act, 1961. Accordingly capital gain tax is leviable on compulsory acquisition of the land. In this connection it is submitted that the above said finding of the ld. AO was based on the enquiries made from the Tehsildar, Sanganer vide his letter dated 14.11.2019 and 15.11.2019 and also

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3, JAIPUR vs. M/S VISION ESTATES PVT. LTD., JAIPUR

In the result, the appeals of the revenue stands dismissed

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

capital asset within the meaning of section 2(14) of the I.T. Act, 1961. Accordingly capital gain tax is leviable on compulsory acquisition of the land. In this connection it is submitted that the above said finding of the ld. AO was based on the enquiries made from the Tehsildar, Sanganer vide his letter dated 14.11.2019 and 15.11.2019 and also

DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-3, JAIPUR vs. M/S RIGID CONDUCTORS (RAJ.) PVT. LTD., JAIPUR

In the result, the appeals of the revenue stands dismissed

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

capital asset within the meaning of section 2(14) of the I.T. Act, 1961. Accordingly capital gain tax is leviable on compulsory acquisition of the land. In this connection it is submitted that the above said finding of the ld. AO was based on the enquiries made from the Tehsildar, Sanganer vide his letter dated 14.11.2019 and 15.11.2019 and also

DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-3, JAIPUR vs. M/S CHOKHI DHANI DEVELOPERS PVT. LTD., JAIPUR

In the result, the appeals of the revenue stands dismissed

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

capital asset within the meaning of section 2(14) of the I.T. Act, 1961. Accordingly capital gain tax is leviable on compulsory acquisition of the land. In this connection it is submitted that the above said finding of the ld. AO was based on the enquiries made from the Tehsildar, Sanganer vide his letter dated 14.11.2019 and 15.11.2019 and also

SAJJAD ALI,CHITTORGARH vs. DCIT(INTL)- JAIPUR, JAIPUR

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

Long Term Capital Gain Exemptions u/s 54 amounting to Rs. 82,28,577/-. In this case, the 11 Sajjad Ali vs DCIT (intl.), Jaipur assessee initially booked a flat worth Rs.1,05,12,601/- for purchase from M/s. Sana Land Developers Pvt. Ltd. for exemption u/s 54 against the above LTCG but vide email dated 01.03.2022 the assessee submitted that

RAM KHILARI MEENA,DAUSA vs. ITO, DAUSA, DAUSA

In the result, the appeal of the assessee is allowed

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

long term capital gains. However, the AO had information that there are cash deposits in Bank of Baroda A/c No. 225901000006538 at Rs. 11,10,000 and also withdrawals of Rs.26,78,500. The AO observed that it is seen from the ITR filed that the appellant has voluntarily reported sale of immovable property for Rs.21,00,000 and taken

INCOME TAX OFFICER, WARD-1-5, JAIPUR vs. SHRI BANWARI LAL SHARMA, JAIPUR

In the result, both the appeals filed by the assessee and Revenue are disposed off in light of aforesaid directions

long term capital gain on substantive basis in the hands of the assessee. 10. Aggrieved by the said order of Ld. CIT(A), assessee preferred an appeal before the ITAT, Jaipur bench. The ITAT vide its order dated 05.03.2014 set- aside the matter to the Assessing Officer with the directions to refer the matter to valuation officer for determination

SHRI BANWARI LAL SHARMA,JAIPUR vs. INCOME TAX OFFICER, WARD-1-5, JAIPUR

In the result, both the appeals filed by the assessee and Revenue are disposed off in light of aforesaid directions

long term capital gain on substantive basis in the hands of the assessee. 10. Aggrieved by the said order of Ld. CIT(A), assessee preferred an appeal before the ITAT, Jaipur bench. The ITAT vide its order dated 05.03.2014 set- aside the matter to the Assessing Officer with the directions to refer the matter to valuation officer for determination

DEPUTY COMMISSIONER OF INCOME TAX, JAIPUR vs. M/S MAN PRAKASH TALKIES PVT. LTD., JAIPUR

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI, vk;dj vihy la-@ITA. Nos.406 & 407/JP/2018 fu/kZkj.k o"kZ@Assessment Years : 2008-09 & 2009-10 Dy. Commissioner of Income Tax, Circle-02, Jaipur cuke Vs. M/s Man Prakash Talkies Pvt Ltd. Near Yadgar, M. I. Road, Jaipur LFkk;h ys[kk la-@thvkbZvkj la-@PAN/GIR No.: AABCM 6231 F vihykFkhZ@Appellant izR;FkhZ@Respondent vk;dj vihy la-@C.O. Nos.11 & 12/JP/2018 (Arising out of ITA Nos.406 & 407/JP/2018) fu/kZkj.k o"kZ@Assessment

long term capital gain of Rs. 66,76,744/- are separate issues (raised vide separate grounds of appeal) and these are different from the issue raised in ground no. 3 of Department appeal for A.Y. 2008-09. 4. In view of the above, as the ground no. 2 for A.Y. 2009-10 has not been adjudicated upon