ADITYA CEMENT,BEHROR vs. ITO, BEHROR

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

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

loss to revenue caused by the working of the assessee the same should not have been accepted by the A.O. in the first place and otherwise revision proceedings u/s 263 and reassessment proceedings u/s 147 could have been undertaken as provided by Act. The A.O. chose it as a mistake apparent u/s 154 from the record which

NIKHIL KHANDELWAL,KOTA vs. ITO WD-2(2), KOTA

In the result, the appeal of the assessee is allowed

Bench: The Hearing.”

loss may, subject to the provisions of this Chapter, be set off against his income, if any, assessable for that assessment year under any head of income including the head Capital gains (whether relating to short-term capital assets or any other capital assets). 4 Nikhil Khandelwal vs. ITO Considering the above facts, it is kindly requested 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)

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 purchased the roof

SPECTRUM FOODS LIMITED,JAIPUR vs. INCOME TAX OFFICER, JAIPUR

In the result, the appeal of the assessee is allowed

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

reassessment invalid. 4.2.4. A letter dated 27/02/2015 from the Director (I&C), Mumbai was-received by the AO, which revealed that certain brokers were involved in transferring trade profits and losses from one client to another client account by amending client codes in ‘Future and Option' segment in NSE under the pretence of correcting errors. The gain or loss book

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)

reassessment were dealt with by the Hon'ble jurisdictional Tribunal in the appellant case for the assessment year 2015-16. Based on same set of facts, the Hon'ble Tribunal made a decision in favor of the appellant for the assessment year 2015-16. As stated above in this order, the AO is bound to follow the Hon'ble jurisdictional

ANUSHA FINVEST PVT LTD ,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE 1, JAIPUR

In the result, the appeal of the assessee is allowed

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

set aside the order of the Learned CIT(A) on the issue in dispute. The ground No. 1.1 of the appeal is accordingly allowed. 5.5 Since we have already quashed the reassessment proceeding, we are not adjudicating other ground of the appeal challenging ITA No. 6438/Del/2019 Globus Power Generation Ltd validity of the reassessment as well as on the merit

SINCERE ARCHITECTS ENGINEERS PVT. LTD.,JAIPUR vs. ACIT, CIRLCE-7, JAIPUR

In the result the appeal no

reassessment proceedings and in ignoring the fact that the income as per the\nReturn was Rs.97,04,424/- on the pretext that the Return of income was not filed\nwithing the time given in the notice u/s.148 dated 30.03.2021.\n3. Succinctly, the fact as culled out from the records is that the\nassessee company is engaged in the business

SINCERE ARCHITECTS ENGINEERS PVT. LTD.,JAIPUR vs. ACIT, CIRCLE-7, JAIPUR

In the result the appeal no

reassessment proceedings and in ignoring the fact that the income as per the\nReturn was Rs.97,04,424/- on the pretext that the Return of income was not filed\nwithing the time given in the notice u/s.148 dated 30.03.2021.\n3. Succinctly, the fact as culled out from the records is that the\nassessee company is engaged in the business

MUKESH JAIN HUF,JAIPUR vs. DCIT, JAIPUR

In the result, the appeal of the assessee is allowed

set off the income earned from genuine transactions are totally\nuncalled for and totally irrelevant and contrary to the facts on record. Since, in the\ninstance case, client codes have been modified wherever there were genuine\nmistakes, non-modification thereof would have resulted into incorrect position of\nprofit/ loss as whatever profit/ losses was incurred on such transactions, the same

DCIT, CC-2, JAIPUR vs. M/S. ROYAL JEWELLERS, JAIPUR

In the result, appeals of the revenue stands dismissed

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

loss computed under the assessment dated 29-12-2000 would attain finality. In such a case, the A.O, while passing the independent assessment order under Section 153A read with Section 143(3) of the IT. Act could not have disturbed the assessment/ reassessment order which has attained finality, unless the materials gathered in the course of the proceedings under Section

DCIT, CC-2, JAIPUR vs. M/S. ROYAL JEWELLERS, JAIPUR

In the result, appeals of the revenue stands dismissed

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

loss computed under the assessment dated 29-12-2000 would attain finality. In such a case, the A.O, while passing the independent assessment order under Section 153A read with Section 143(3) of the IT. Act could not have disturbed the assessment/ reassessment order which has attained finality, unless the materials gathered in the course of the proceedings under Section

DCIT, CC-2, JAIPUR vs. M/S. ROYAL JEWELLERS, JAIPUR

In the result, appeals of the revenue stands dismissed

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

loss computed under the assessment dated 29-12-2000 would attain finality. In such a case, the A.O, while passing the independent assessment order under Section 153A read with Section 143(3) of the IT. Act could not have disturbed the assessment/ reassessment order which has attained finality, unless the materials gathered in the course of the proceedings under Section

URMILA RAJENDRA MUNDRA,AJMER vs. INCOME TAX OFFICER, WARD-2(2), AJMER, AJMER

In the result grounds raised by the assessee is allowed

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

LOSS SET OFF) AS UNERREPORTING OF INCOME IN CONSEQUANCE OF MISREPROTING OF INCOME FOR THE LEVY OF PENALTY U/SEC 270A. Ground No. 2 - LEVY OF PENALTY OF RS. 203488 U/SEC 270A IS BAD IN LAW (BEING COMMON INTERLINKED HERE DEALT JOINTLY) A. The A.O. has disallowed A sum of Rs. 489159 being index Value of Rs 419720 being amount

PARIS ELYSEES INDIA PVT. LTD.,JAIPUR vs. DCIT, CIRCLE-7, JAIPUR

Bench: Him Against The Order Dated 05.12.2019 Passed Under Section 147/143(3) Of The Income Tax Act, [ For Short “Act” ] By Acit, Circle-07, Jaipur.

loss account. However, it is noticed that the assessee failed to add back the amount and thus, has under calculated MAT for the year under consideration. Considering that set of facts, reassessment

INCOME TAX OFFICER, JAIPUR vs. KEDIA BUILDERS AND COLONIZERS PRIVATE LIMITED, JAIPUR

In the result, all appeals of the revenue are stands dismissed

reassesses any income chargeable to tax, which has escaped\nassessment for any assessment year, with respect to which he had "reason to\nbelieve\" to be so, then only, in addition, he can also put to tax, the other income,\nchargeable to tax, which has escaped assessment and which has come to his\nnotice subsequently, in the course of proceedings under

COMPUCOM SOFTWARE LIMITED,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-VI, JAIPUR

In the result, the appeal of the assessee is disposed off in light of aforesaid directions

set of depreciation chart furnished by the assessee company. Thereafter, on review of submissions and related documentation filed by the assessee, the AO had allowed the assessee’s claim of depreciation under section 32(1)(ii) and additional depreciation under section 32(1)(iia) of the Act during the course of original assessment proceedings under section

RMS KARAMCHARI BACHAT AND SAKH SAHAKARI SAMITI LIMITED JAIPUR,JAIPUR vs. ITO, WARD-1(2), JAIPUR, JAIPUR

In the result, the appeals of the assessee are allowed

set of documents. This included\nthe ITR, computation, bank statement, profit & loss statement, balance sheet, and a\ndetailed statement showing party names, addresses, and amounts received from members.\nDespite these extensive submissions, the AO arbitrarily disregarded some of the\ndocuments and insisted on electronic filing under the old PAN. The arbitrary insistence of\nthe AO on electronic filing under

RMS KARAMCHARI BACHAT AND SAKH SAHAKARI SAMITI LIMITED JAIPUR,JAIPUR vs. ITO WARD-1(2), JAIPUR, JAIPUR

In the result, the appeals of the assessee are allowed

set of documents. This included\nthe ITR, computation, bank statement, profit & loss statement, balance sheet, and a\ndetailed statement showing party names, addresses, and amounts received from members.\nDespite these extensive submissions, the AO arbitrarily disregarded some of the\ndocuments and insisted on electronic filing under the old PAN. The arbitrary insistence of\nthe AO on electronic filing under

RMS KARAMCHARI BACHAT AND SAKH SAHAKARI SAMITI LIMITED JAIPUR,JAIPUR vs. ITO WARD-1(2), JAIPUR, JAIPUR

In the result, the appeals of the assessee are allowed

set of documents. This included\nthe ITR, computation, bank statement, profit & loss statement, balance sheet, and a\ndetailed statement showing party names, addresses, and amounts received from members.\nDespite these extensive submissions, the AO arbitrarily disregarded some of the\ndocuments and insisted on electronic filing under the old PAN. The arbitrary insistence of\nthe AO on electronic filing under