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

50C(2) - Whether it was incumbent upon Assessing\nOfficer to refer matter for valuation to a Valuation\nOfficer as provided in section\n50C(2) - Held, yes..\"\n\n22. As per explanation (iia) to section 153B of the Income Tax Act, 1961, in computing the\nperiod of limitation of assessment u/s 153A the following period shall be excluded

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

50C(2) - Whether it was incumbent upon Assessing\nOfficer to refer matter for valuation to a Valuation Officer as provided in section\n50C(2) - Held, yes..”\n22. As per explanation (iia) to section 153B of the Income Tax Act, 1961, in computing the\nperiod of limitation of assessment u/s 153A the following period shall be excluded:\n“The period commencing

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

50C(2) - Whether it was incumbent upon Assessing\nOfficer to refer matter for valuation to a Valuation Officer as provided in section\n50C(2) - Held, yes..”\n22. As per explanation (iia) to section 153B of the Income Tax Act, 1961, in computing the\nperiod of limitation of assessment u/s 153A the following period shall be excluded:\n“The period commencing

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

50C(2) - Whether it was incumbent upon Assessing\nOfficer to refer matter for valuation to a Valuation Officer as provided in section\n50C(2) - Held, yes..”\n22. As per explanation (iia) to section 153B of the Income Tax Act, 1961, in computing the\nperiod of limitation of assessment u/s 153A the following period shall be excluded:\n“The period commencing

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

50C(2) - Whether it was incumbent upon Assessing\nOfficer to refer matter for valuation to a Valuation Officer as provided in section\n50C(2) - Held, yes..\"\n\n22. As per explanation (iia) to section 153B of the Income Tax Act, 1961, in computing the\nperiod of limitation of assessment u/s 153A the following period shall be excluded

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

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(2), JAIPUR, JAIPUR vs. MUKESH KUMAR SONI, JAIPUR

In the result appeal of the revenue is dismissed and the cross

Bench: Moving Towards The Facts Of The Case We Would Like To Mention

2) does not include a particular issue with respect to which income has escaped assessment, he may nonetheless, assess or reassess the income in respect of any issue which has escaped assessment and which come to his notice subsequently in the course of the proceedings under the section o) Oriental Bank of Commerce v Ad.CIT

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

reassess the income of the other person in accordance with the\nprovisions of section 153A, if, that Assessing Officer is satisfied that the books of account\nor documents or assets seized or requisitioned have a bearing on the determination of the\ntotal income of such other person.”\n2.3.\nSection 153C of the Act makes it mandatory for AO of searched

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

reassess the income of the other person in accordance with the\nprovisions of section 153A, if, that Assessing Officer is satisfied that the books of account\nor documents or assets seized or requisitioned have a bearing on the determination of the\ntotal income of such other person.”\n2.3.\nSection 153C of the Act makes it mandatory for AO of searched

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

reassessment \non the same set of facts.\nPage-93 relying on which the AO has based the addition and treated it to be \nremission of liability is being now relied by Ld.CIT(A) to prove that it was a gift. It \nmay be mentioned that this paper is undated, was never confronted to the \nassessee either during the search

JAIPRAKASH YADAV,ALWAR vs. INCOME TAX OFFICER, WD, BEHROR, BEHROR

In the result, the appeal of the assessee is allowed

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

50C (2) of the Income Tax Act for determiningthe market value of alleged property. No independent inquiry was ever made by the assessing officer to determine the nature of the said land. It was also duly submitted before the assessing officer the only source of income of the assessee was agricultural income only. Since the above property sold is agricultural

SUVA LAL PAHARIA,JAIPUR vs. ITO WARD 6(3), JAIPUR

Section 151 stipulates that CIT (A), who was\ncompetent authority to authorize reassessment notice, had to apply his mind and\nform opinion—Mere appending of expression ‘approved' says nothing—It was not as if CIT\n(A) had to record elaborate reasons for agreeing with noting put up—At same time, satisfaction had to be recorded\nof given case which

RAM JI LAL MEENA,JAIPUR vs. ACIT, HOLDING ADDITIONAL CHARGE OF ITO, WARD 6(1), JAIPUR

In the result, the appeal of the assessee is allowed for statistical purposes

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

reassessment proceedings being illegal and without jurisdiction 2. Without prejudice to Ground of Appeal No. 1. the Ld. Assessing Officer (AO) has grossly erred in completing the assessment without complying with the explicit directions of the Hon'ble ITAT to obtain a valuation report from the District Valuation Officer (DVO) under Section 50C

PUNEET SINGHVI,KOTA vs. ITO, WARD-2(1), KOTA

In the result, the appeal of the assessee is allowed for statistical purposes

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

2(1), KOTA value of the property at Rs.30,56,063/-, for the purpose stamp duty at the time of registration, before the respective authorityof the state government. Therefore, provision of section 50C of the I. T. Act, is squarely applicable in the case under consideration. On merit AO's order appears to be reasonable

INCOME TAX OFFICE, WARD-6(2), JAIPUR, JAIPUR vs. MEDICAL DESIGNS INDIA PVT. LTD., JAIPUR

sections": [ "144", "147", "148", "69B", "148A", "271(1)(c)", "271(1)(b)", "271F", "127", "142(1)", "50C", "54", "2(47)" ], "issues": "Whether the reassessment

ABDUL AZIZ,DUDU vs. ITO WARD 7(3), LAL KOTHI

In the result, the appeal of the assessee is allowed

50C. The AO completed\nthe assessment at Rs.25,75,600/- u/s 144 assessing the income as LTCG.\n4. Aggrieved from the order of Assessing Officer, the assessee preferred an\nappeal before the CIT(A). The assessee adduced additional evidence under Rule-\n46A before the CIT(A). The assessee pleaded before the CIT (A) to accept these\nevidences as the same

RAMA SHANKER PAREEK,JAIPUR vs. INCOME TAX OFFICER, WARD NO. 7(2), JAIPUR

In the result, appeal of the assessee is allowed

2)\nJaipur.\nस्थायीलेखा सं./ जीआईआर सं./PAN/GIR No.: ABZPP7158C\nअपीलार्थी / Appellant\nप्रत्यर्थी / Respondent\nनिर्धारिती की ओरसे / Assesseeby : Shri Shrawan Kumar Gupta, Advocate\nराजस्व की ओरसे / Revenue by : Shri Gautam Singh Choudhary, Addl.CIT\nसुनवाई की तारीख / Date of Hearing: 08/04/2025\nउदघोषणा की तारीख / Date of Pronouncement : 24/06/2025\nआदेश/ORDER\nPER: DR. S. SEETHALAKSHMI, J.M.\nThis is an appeal filed