SHREE CEMENT LIMITED,BEAWAR vs. NATIONAL FACELESS ASSESSMENT CENTRE, DEPUTY COMMISSIONEROF INCOME TAX, CIRCLE -2, AJMER, AJMER

In the result, the appeal of the Revenue in ITA No

Bench: or at the time of hearing of this appeal.

115J would be concluded exclusively on the basis of the book profits as adjusted by the items set out in the Explanation thereunder, in an assessment in terms of sections 115JA or JB, the adjusted book profits would be further subjected to the effect of other provisions of the Act that are specifically brought into play by virtue

SHREE CEMENT LIMITED,BEAWAR vs. NATIONAL FACELESS ASSESSMENT ASSESSMENT CENTRE, DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-2, AJMER, AJMER

115J would be concluded exclusively on the basis of the book profits as adjusted by the items set out in the Explanation thereunder, in an assessment in terms of sections 115JA or JB, the adjusted book profits would be further subjected to the effect of other provisions of the Act that are specifically brought into play by virtue

ASSISSTANT COMMISSIONER OF INCOME TAX, AJMER vs. SHREE CEMENT LTD, BEAWAR

115J would be concluded exclusively on the\nbasis of the book profits as adjusted by the items set out in the\nExplanation thereunder, in an assessment in terms of sections 115JA\nor JB, the adjusted book profits would be further subjected to the effect\nof other provisions of the Act that are specifically brought into play by\nvirtue

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.

68-83] 12. …..In other words, the Investments in the Asset Side that was recorded in the books were the net of provision. Thus, in view of the above facts, the said Provision for diminution in Investments would amount to an actual “write off” of Provision from the Assets side and therefore would not attract clause (i) of the Explanation

SHREE CEMENT LIMITED,BEAWAR vs. NATIONAL FACELESS ASSESSMENT CENTRE, DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE -2, AJMER, AJMER

68,58,639/-\n5. That on the facts and in the circumstances of the case, the Ld. CIT \n(Appeals), was not justified and erred in law in not considering \nincentives amounting to Rs. 6,20,91,72,703/- granted to the appellant \nas capital receipt which are not exigible to tax while computing total \nincome under normal provisions

SHREE CEMENT LIMITED,BEAWAR vs. DEPUTY COMMISSIONER OF INCOME TAX, AJMER

In the result, this appeal of the assessee is partly allowed and appeal of the Revenue is dismissed

Bench: HON’BLE SHRI SANDEEP GOSAIN, JM & HON’BLE SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

68,08,695/-, - Reduction in claim u/s 80IA on Rail System due to modification in transfer price of logistic services (Rs. 36,32,56,010/-, - Disallowance of Sales Tax Subsidy (Rs. 62,29,26,819/-) and Electricity Duty Exemption (Rs. 5,14,748/-) - Disallowance of Education Cess (Rs. 5,21,67,086/-) - Disallowance of Profit on sale of fixed assets

SHREE CEMENT LIMITED,BANGUR NAGAR vs. ACIT, CENTRAL CIRCLE, AJMER

In the result, the appeal of the assessee - appellant in ITA No

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

68,397/- was flagged on Insight portal for FY 2018-19 relevant to AY 2019-20 as per Risk Management Strategy of CBDT. 4.1 On the basis of above information, notice u/s 148A(b) was issued on 27.03.2023 and after considering the reply of the assessee, order u/s 148A(d) was passed on 17.04.2023 with prior approval of PCIT, Udaipur

SHRI VIKRAM SINGH SHEKHAWAT,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE, SIKAR

In the result, the appeals filed by the assessee in ITA No

115J on the date when the proceedings were taken under s. 154—Matter was considered and settled by the apex Court long after the AO invoked jurisdiction under s. 154—Debatable issue, including a point of law, is not a mistake apparent from the record—Plea of the Revenue to sustain the order of assessment under any other provision