WHOLE SALE CLOTH MERCHANT ASSOCIATION ,KOTA vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE KOTA , KOTA

In the result, the appeals of the assessee in ITA no

35,061/- to the income of the\nassessee appellant trust while disallowing the benefit of exemption under\nsection 11(2) and 11(1)(a) of the Act as claimed by the assessee appellant\ntrust.\n5. That on the facts and in the circumstances of the case, the ld. Lower\nAuthority grossly erred in confirming the addition made by ld. assessing

WHOLE SALE CLOTH MERCHANT ASSOCIATION ,KOTA vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE KOTA , KOTA

35,061/- to the income of the\nassessee appellant trust while disallowing the benefit of exemption under\nSection 11(2) and 11(1)(a) of the Act as claimed by the assessee appellant\ntrust.\n5. That on the facts and in the circumstances of the case, the ld. Lower\nAuthority grossly erred in confirming the addition made by ld. assessing

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

reassessment\nproceedings. The assessee is also directed to cooperate fully during the\nproceedings.\nSATISH CHAND KATTA for ITA No. 439/JPR/2018 (AY 2013-14)\nGROUND NO. 1\n48. During the course of the hearing before us, the ld. AR of the assessee stated\nat the bar that he did not wish to press Ground No. 1. Accordingly, Ground

ASSISTANT COMMISSIONER OF INCOME TAX,EXEMPTIONS,CIRCLE,JAIPUR, JAIPUR vs. GLOBAL INSTITUTE OF TECHNOLOGY SOCIETY, JAIPUR RAJASTHAN

In the results the appeal of the revenue stands dismissed

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

35 to 47. Before the ITAT the assessee has made the submission in assessment year 2014-15 which is relevant due to same facts and circumstances are as under – “(A) GIST OF THE ISSUE: - It is submitted that the trust advanced a sum of Rs. 5,05,00,000/- against purchase of land vide agreement dated 27.08.2012 with Perennial Real

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

reassessment proceedings being illegal,\nwithout any basis and contrary to principles of natural justice.\n\n6. In the facts and circumstances of the case and in law, ld. CIT(A) has erred in, confirming the\naction of the ld. AO, in rejecting the books of accounts by invoking the provisions of section\n145(3). The action

PINK CITY JEWEL HOUSE PRIVATE LIMITED ,JAIPUR vs. PRINCIPAL COMMISSIONER OF INCOME TAX (CENTRAL), JAIPUR

2) clause (a)\nof section 263 of the Act. The assessment order is set aside and restored\nto the file of Assessing officer to examine the issues in the light of the\nobservation made in this order after allowing reasonable opportunity to the\nassessee.\n5. Feeling dissatisfied with the finding recorded by the Id. PCIT, Central,\nJaipur in an order

LOVELY PROMOTERS PRIVATE LIMITED,KOLKATA vs. ACIT, CENTRAL CIRCLE, AJMER, AJMER

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

Bench: him regarding non mentioning of Document Identification Number (DIN) in the body of the order u/s. 127 of the Act dated 08-09-2021 and various other technical pleas raised in grounds of appeal regarding validity of notice u/s. 148 of the Act, thereby appellate order passed by the CIT(A) is non-speaking order and deserves to be quashed. 4. On the facts and in circumstances of the case and in law, the AO erred in issuing notice u/s. 148 of the Act as it was a search related case u/s. 132 r/w

2, reasons for belief of escapement of income is not as per law considering following facts:  Though reference about receipt of information from investigation wing has been given, no reference has been provided about the nature of information, nature of investigation carried on by the investigation wing and the basis of the allegation, which leads to conclusion that legal transaction

SHIV VEGPRO PRIVATE LIMITED ,KOTA vs. PCIT-UDAIPUR , UDAIPUR

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

35,00,000/-. The impugned order thus,\nto this extent is a nullity being without jurisdiction and therefore\ndeserves to be quashed.\n7. The appellant prays your honor indulgences to add, amend or alter\nof or any of the grounds of the appeal on or before the date of hearing.”\n3.\nAt the outset of the hearing the bench noted

RAGHAV KUMAR DHOOT,JAIPUR vs. DCIT CENTRAL CIRCLE 1, JAIPUR

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

reassessment notice upon him-Held, yes-\n2.4 With regard to the contention of the assessee that the assessment\ncompleted is invalid in absence of notice u/s 143(2) by the DOT, Central\nCircle-1, Jaipur who had completed the assessment u/s 143(3) of the IT\nAct, 1961 on 18/04/2021, it is to be stated here that notice

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

In the result, the appeal of the assessee is allowed

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

35 years of experience, is not unfamiliar with financial and tax matters. 2. Access to Professional Resources: • The appellant had access to a team of accountants and financial professionals to ensure accurate tax compliance. 17 Ajay Bakliwal vs. ACIT • Errors in tax filings are less excusable when the assessee has professional support, as held in Zoom Communication

M/S AMRAPALI EXPORTS,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-2, JAIPUR

In the result, the ground No

reassessment order u/s 143(3) read with 147 was passed by the Assessing Officer on 13.12.2017 wherein the assessee was found eligible for deduction u/s 10AA to the extent of Rs. 7,21,35,825/- as originally 3 M/s Amrapali Exports, Jaipur Vs. DCIT, Jaipur assessed u/s 143(3) of the Act. However, books of accounts were rejected

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

reassessment\nproceedings. The assessee is also directed to cooperate fully during the\nproceedings.\nIn view of the above, appeals of the assessee is allowed for statistical purpose.\nSHANTINATH BUILDCON PRIVATE LIMITED: ITA NO. 467/JPR/2018\n(AY 2012-13)\n68. The appeal has been preferred by assessee company against the order passed\nby the CIT(A)-4, Jaipur

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

reassessment\nproceedings. The assessee is also directed to cooperate fully during the\nproceedings.\nIn view of the above, appeals of the assessee is allowed for statistical purpose.\nSHANTINATH BUILDCON PRIVATE LIMITED: ITA NO. 467/JPR/2018\n(AY 2012-13)\n68. The appeal has been preferred by assessee company against the order passed\nby the CIT(A)-4, Jaipur

GA INFRA PRIVATE LIMITED ,JAIPUR vs. PCIT, JAIPUR-2

In the result, appeal of the assessee is allowed

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

reassessment proceedings. This being the case, the assessment order could not be subjected to revision u/s 263 and the action of Ld. Pr.CIT in invoking jurisdiction u/s 263 could not be sustained in the eyes of law. Similar is the view of the Tribunal in assessee’s group concern i.e. M/s Reliance Corporate IT Park

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

reassessment.] 21. It was submitted that section 292BB is an exclusive definition and specifically provides that a notice shall be deemed to be served in a situation that assessee has cooperated/ attended / participated in assessment/ re assessment proceedings and no objection regarding non receipt of notice was filed during assessment stage. In other words, section 292BB cures only procedural infirmities

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

reassessment.] 21. It was submitted that section 292BB is an exclusive definition and specifically provides that a notice shall be deemed to be served in a situation that assessee has cooperated/ attended / participated in assessment/ re assessment proceedings and no objection regarding non receipt of notice was filed during assessment stage. In other words, section 292BB cures only procedural infirmities

BRAND INDIA REAL ESTATE PRIVATE LIMITED,JAIPUR vs. INCOME TAX OFFICER WARD 6(1), JAIPUR

In the result, appeal of the assessee is allowed

IA. A separate audit report in the prescribed form 10CCB in\nsupport of the claim for deduction under Section 80IA/80IB was also duly submitted. The\nassessee had also submitted reply pursuant to all queries made by AO during the assessment\nproceedings under Section 143(3) of the Act. In this view of the matter, the contention sought to\nbe raised

M/S GVK JAIPUR EXPRESSWAY PRIVATE LIMITED,TELANGANA vs. PCIT 2, JAIPUR

In the result, the appeal of the assessee is allowed

IA at Rs.\n124,64,75,516/-. Simultaneously assessee has shown book profit as per\nprovision of section 115JB at Rs.1,29,24,56,130/- and paid MAT on it.\nThe case was selected for scrutiny and assessment was completed by\nFAO [NeAC] u/s 143(3) determining total income at Rs.29,30,91,526/-\nafter allowing enhanced deduction u/s 80IA

INCOME TAX OFFICER, WARD-1-1, KOTA vs. SHRI CHANDI RAM, KOTA

In the result, appeal of the revenue is dismissed

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

reassessment proceedings filed a revised computation offering an additional 0.5% above the originally returned income (accepted by the department with income of Rs 4,67,737/-) and on the interest portion@ 8.5% amounting to Rs. 11,85,314/- thus revising his total income to Rs. 16,82,284)-& passing the additional tax & interest thereon voluntarily. The fact involved was that