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

68,18,310/- against the return of income of Rs. 7,42,23,910/- and thereby the assessment was completed, considering the provisions of section 144 of the Act on 12.04.2021. 4. On culmination of the assessment proceeding the Id. PCIT(Central), Jaipur called for the assessment record for examination, and while doing so she noted that the assessment

DEPUTY COMMISSIONER OF INCOME TAX , JAIPUR vs. BHARAT SPUN PIPE AND CONSTRUCTION COMPANY, JAIPUR

In the result the appeal of the revenue in ITA no

801A,80IB etc.), legislature specifically provides for maintaining separate\nbooks of accounts, so that respective revenues and expenses can be identified\nand there is no shifting of expenses from tax free source to taxable source of\nincome. It is thus submitted that addition of entire sub contract receipts from\nDRAIPL is absolutely arbitrary and against the principle of taxation

FATEHPURIA TRANSFORMERS AND SWITCHGEARS PVT. LTD.,JAIPUR vs. PCIT-1, JAIPUR

In the result, appeal of the assessee is allowed

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

68,315/. Assessment for the AY 2018-19 was completed u/s 143(3) Γ.พ.ร. 143(3A) & 143(3B) of the Income Tax Act 1961 (Act) on 08.04.2021 at total income of Rs. 88,34,150/- and Ld. AO allowed the deduction u/s 80IA(4)(iv) as well as expenditure in the nature of Delay in delivery charges. 7

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.

Section 80IA(8), the word "OR" is missing in provisions of Section 80A(6) of the ACIT vs. Shree Cement Ltd. Act. It is noted that as per provisions of Section 80A(6), if any goods or services whether sold or acquired falls within the category specified domestic transactions of Section 92BA then in such case

SHREE CEMENT LIMITED,BEAWAR vs. NATIONAL FACELESS ASSESSMENT CENTRE, DELHI

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

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

Section 80IA(8), the word "OR" is missing in provisions of Section 80A(6) of the ACIT vs. Shree Cement Ltd. Act. It is noted that as per provisions of Section 80A(6), if any goods or services whether sold or acquired falls within the category specified domestic transactions of Section 92BA then in such case

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

68,58,639/- 4. That on the facts and in the circumstances of the case, the Ld. CIT (Appeals), was not justified and erred in rejecting the claim of Deduction u/s 80-IA while computing book profit u/s 115JB of the Act. 5. That on the facts and in the circumstances of the case, the Ld. CIT (Appeals

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

68,58,639/- 5. That on the facts and in the circumstances of the case, the Ld. CIT (Appeals), was not justified and erred in law in not considering incentives amounting to Rs. 6,20,91,72,703/- granted to the appellant as capital receipt which are not exigible to tax while computing total income under normal provisions

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

68,58,639/-. 4. That on the facts and in the circumstances of the case, the Ld. CIT (Appeals), was not justified and erred in rejecting the claim of Deduction u/s 80-IA while computing book profit u/s 115JB of the Act. 5. That on the facts and in the circumstances of the case, the Ld. CIT (Appeals

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)

section (6) to provide that, with effect from 1-4-2012, the provisions of sub-section shall cease to have effect. Accordingly, a SEZ developer or any entrepreneur carrying on business in an SEZ unit (being a company) would be liable to pay MAT on the profits arising from the development of SEZ or the business carried

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

M/S RAJASTHAN STATE ROAD DEVELOPMENT & CONSTRUCTION CORPORATION LTD.,SETU BHAWAN, JHALANA DOONGRI, JAIPUR vs. DCIT, CIRCLE-6, JAIPUR

In the result, appeal of the assessee is allowed

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

section 143(3)/147 of the Income Tax Act, by the DCIT, Circle-06, Jaipur. 2 M/s Rajasthan State Road Development & Construction Corporation Ltd., Jaipur vs. DCIT 2. In this appeal, the assessee has raised following grounds: - “1. Under the facts & circumstances of the case, the order passed by ld. CIT(A), NFAC on 20.02.2023 even when

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)

801A, in terms of Sec. 80-1A(8) and 80A(6) r.w.s 92F of the Act, the Arm's Length Price (ALP) of the power transferred was determined by considering the Average Annual Landed Cost (AALC) of power sold by the Grid during the year to the assessee and/or similarly placed nearby manufacturing units of independent assessee