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.

Block, Masuda Road, Assessment Centre, Delhi Bangur Nagar, Beawar, Ajmer LFkk;h ys[kk la-@thvkbZvkj la-@PAN/GIR No.: AACCS 8796 G vihykFkhZ@Appellant izR;FkhZ@Respondent fu/kZkfjrh dh vksj ls@ Assessee by : Sh. Dilip B Desai(C.A.) jktLo dh vksj ls@ Revenue by : Sh. Alka Gautam (CIT) (V.H) & Sh. Arvind Kumar, CIT (P.H) a lquokbZ dh rkjh[k@ Date

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.

Block, Masuda Road, Assessment Centre, Delhi Bangur Nagar, Beawar, Ajmer LFkk;h ys[kk la-@thvkbZvkj la-@PAN/GIR No.: AACCS 8796 G vihykFkhZ@Appellant izR;FkhZ@Respondent fu/kZkfjrh dh vksj ls@ Assessee by : Sh. Dilip B Desai(C.A.) jktLo dh vksj ls@ Revenue by : Sh. Alka Gautam (CIT) (V.H) & Sh. Arvind Kumar, CIT (P.H) a lquokbZ dh rkjh[k@ Date

VAIBHAV GLOBAL LIMITED,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-5, JAIPUR

In the result, the penalty is directed to be deleted and appeal of the assessee is allowed

transfer pricing report so submitted by the assessee before the TPO, it has been stated that “the arm’s length nature of these kind of transactions could be benchmarked either comparing the external or internal comparable transactions. The external comparable transactions are difficult to identify, as the circumstances in assessee’s case are unique and therefore, are not comparable. Further

VAIBHAV GLOBAL LIMITED,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-5, JAIPUR

In the result, the penalty is directed to be deleted and appeal of the assessee is allowed

transfer pricing report so submitted by the assessee before the TPO, it has been stated that “the arm’s length nature of these kind of transactions could be benchmarked either comparing the external or internal comparable transactions. The external comparable transactions are difficult to identify, as the circumstances in assessee’s case are unique and therefore, are not comparable. Further

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

Block, Masuda Road,\nBangur Nagar, Beawar, Ajmer\nVs.\nNational Faceless\nAssessment Centre, Delhi\nस्थायी लेखा सं./जी.आई.आर. सं./PAN/GIR No.: AACCS 8796 G\nअपीलार्थी/Appellant\nप्रत्यर्थी/Respondent\nनिर्धािरती की ओर से/Assessee by : Sh. Dilip B Desai(C.A.)\nराजस्व की ओर से/ Revenue by : Sh. Alka Gautam (CIT) (V.H) &\nSh. Arvind Kumar, CIT (P.H)\nसुनवाई की तारीख/Date

SHRI MADHO LAL SAINI,JAIPUR vs. ITO, WARD-2(3), JAIPUR

In the result, the appeals of the assessees are allowed

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

block assessment roped in only the undisclosed income and the regular assessment proceedings were preserved, resulting in multiple assessments. Under Section 153A, however, the Assessing Officer has been given the power to assess or reassess the total income of the six assessment years in question in separate assessment orders. This means that there can be only one assessment order

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

Block, Masuda Road,\nBangur Nagar, Beawar, Ajmer\ncuke\nVs.\nNational Faceless \nAssessment Centre, Delhi \nLFkk;h ys[kk la-@thvkbZvkj la-@PAN/GIR No.: AACCS 8796 G\nvihykFkhZ@Appellant izR;FkhZ@Respondent\nfu/k Zkfjrh dh vk sj ls@ Assessee by : Sh. Dilip B Desai(C.A.) \n jktLo dh vk sj ls@ Revenue by : Sh. Alka Gautam (CIT) (V.H) &\n Sh. Arvind

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)

Block, Ajmer. Post box No. 33, Masuda Road, Beawar. LFkk;h ys[kk la-@thvkbZvkj la-@PAN/GIR No. AACCS 8796 G vihykFkhZ@Appellant izR;FkhZ@Respondent fu/kZkfjrh dh vksj ls@ Assessee by : Shri Vijay Shah, CA jktLo dh vksj ls@ Revenue by : Shri Arvind Kumar, CIT lquokbZ dh rkjh[k@ Date of Hearing : 31/05/2023 mn?kks"k.kk dh rkjh

MUJMMEEL ,KOTA vs. ACIT-CENTRAL CIRCLE , KOTA

In the result, appeal of the assessee is allowed

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

block scheme as 58 74 per Exhibit-5 14. Copy of Sale deed dated 06.01.2021 executed between 75 89 Shri Sajid Khan and Babu Khan 7. The ld. AR of the assessee in addition to the written submission invited our attention to the notice issued u/s. 142(1) of the Act dated 24.03.2022 wherein the ld. AO raised a specific

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)

Block Masuda Road, Income Tax, Beawar [Raj.] , H. O. Beawar, Central Circle, Ajmer Ajmer LFkk;h ys[kk la-@thvkbZvkj la-@PAN/GIR No.: AACCS 8796 G vihykFkhZ@Appellant izR;FkhZ@Respondent fu/kZkfjrh dh vksj ls@ Assessee by : Shri Dilip B. Desai, FCA jktLo dh vksj ls@ Revenue by : Shri Arvind Kumar, CIT-DR lquokbZ dh rkjh[k@ Date of Hearing

DCIT, JAIPUR vs. JAIPUR RUGS COMPANY (P) LTD., JAIPUR

In the result, the appeal filed by the assessee is partly allowed and appeal filed by the Revenue stands dismissed

transfer pricing adjustment under section 92CA(1) was made to the income of the assessee. However, the Assessing Officer did not furnish to the assessee a draft assessment order, before passing a final assessment order. On appeal before the ld CIT(A), the assessee raised its grievance of not being furnished a draft assessment order. The ld CIT(A) rejected

M/S. KEDIA REAL ESTATE LLP,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3, JAIPUR

In the result, appeals of the revenue are dismissed whereas appeals of the assessee are allowed in part

price of each plot is mentioned. From verification of these papers your honour will find that all the plots were sold at similar rate irrespective of fact that whether sales consideration realized in cash or through cheque. 10. We further observe with respect to page 1 to 3 the word “remitted (bank)” and “remitted (cash)” and “Total remitted” has been

NITIN KEDIA,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3, JAIPUR

In the result, appeals of the revenue are dismissed whereas appeals of the assessee are allowed in part

price of each plot is mentioned. From verification of these papers your honour will find that all the plots were sold at similar rate irrespective of fact that whether sales consideration realized in cash or through cheque. 10. We further observe with respect to page 1 to 3 the word “remitted (bank)” and “remitted (cash)” and “Total remitted” has been

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3, JAIPUR vs. M/S. KEDIA REAL ESTATE LLP, JAIPUR

In the result, appeals of the revenue are dismissed whereas appeals of the assessee are allowed in part

price of each plot is mentioned. From verification of these papers your honour will find that all the plots were sold at similar rate irrespective of fact that whether sales consideration realized in cash or through cheque. 10. We further observe with respect to page 1 to 3 the word “remitted (bank)” and “remitted (cash)” and “Total remitted” has been

DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-3, JAIPUR vs. KARNANI SOLVEX PRIVATE LIMITED, JAIPUR

In the result, the appeals of the revenue in ITA No

block assessment under\nsection 153A without any relevance or nexus with the seized material.\nThe Court also held that an assessment in such circumstances has to\nbe made under the provision only on the basis of seized material.\nFurthermore, it was held that in the absence of any incriminating\nmaterial, the completed assessment can be reiterated and abetted\nassessment

INCOME TAX OFFICER , SIKAR vs. BHASKAR CHAUHAN, JAIPUR

In the result the appeal of the revenue in ITA no

Bench: Him.

block assessment under section 153A; ii) all pending assessments/reassessments shall stand abated; iii) in case any incriminating material is found/unearthed, even, in case ofunabated/completed assessments, the AO would assume the jurisdiction to assess or reassess the 'total income' taking into consideration the incriminating material unearthed during the search and the other material available with the AO including the income declared

M/S. JHANDEWALA FOODS LIMITED 35, JOHARI BAZAR, JAIPUR,JAIPUR vs. ACIT CIRCLE-1, JAIPUR, CIRCLE-1, JAIPUR

In the result, the ground no

transfer pricing adjustment under section 92CA(1) was made to the income of the assessee. However, the Assessing Officer did not furnish to the assessee a draft assessment order, before passing a final assessment order. On appeal before the ld CIT(A), the assessee raised its grievance of not being furnished a draft assessment order. The ld CIT(A) rejected

M/S. TIRUPATI BALAJI ESTATE PRIVATE LIMITED.,KOTA vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, KOTA

transferred to income in a phased manner. This was not done by manipulating the account books of the Assessee as alleged by the Revenue. This would have been evident had the return been picked up for scrutiny under Section 143(3) of the Act. This, therefore, was not material which was subsequently unearthed during the search which was not already

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, KOTA vs. M/S. TIRUPATI BALAJI ESTATE PRIVATE LIMITED., KOTA

transferred to income in a phased manner. This was not done by manipulating the account books of the Assessee as alleged by the Revenue. This would have been evident had the return been picked up for scrutiny under Section 143(3) of the Act. This, therefore, was not material which was subsequently unearthed during the search which was not already