SHRI SALASAR BALAJI DEVELOPERS PVT. LTD,JAIPUR vs. INCOME TAX OFFICER, WARD 2(2), JAIPUR

In the result, the appeal of the assessee is allowed

147 of the Income Tax Act, 1961.\nI, therefore, propose to assess/ re-assess the income/ loss for the said Assessment Year and I hereby\nrequire you to deliver to me within 30 days from the service of this notice, a return in the prescribed\nform for the said Assessment Year.\nThis notice is being issued after obtaining the necessary

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 it is mandatory

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 it is mandatory

INCOME TAX OFFICER , SIKAR vs. BHASKAR CHAUHAN, JAIPUR

In the result the appeal of the revenue in ITA no

Bench: Him.

147,148,149,151 & 153. " In view of the above discussion, the assessment completed u/s 144 deserves to be quashed. The order of the Learned CIT(A) also deserved to be quashed on this ground. Additional Ground No.2 On the facts and in the circumstances of the case and in law, the Learned CIT(A) has erred in including amount

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

transfer pricing, data analytics, management or any other technical matter under this Act or an agreement entered into under section 90 or 90A, which may be required in a particular case or a class of cases, under this section and the term "technical unit", wherever used in this section, shall refer to an Assessing Officer having powers so assigned

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)

section 147. Therefore, the first question that has to be asked is: "Whether the amount that "escaped assessment" is actually income that was chargeable to tax?" It is therefore necessary to briefly narrate the facts that arose before the Delhi High Court and the Supreme Court. NDTV had a UK subsidiary that had issued coupon bonds for USD 100 million

WHOLE SALE CLOTH MERCHANT ASSOCIATION ,KOTA vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE KOTA , KOTA

In the result, the appeals of the assessee in ITA no

price) from the concerning person of all the 22 plots has not been taken in\nbooks.\n4. The trust property is used Personal benefit of the president\nShri Tejndra Pal Singh has taken loan & advances of Rs. 31,50,000/- from the\ntrust and violated the provisions of section 13(2) of the Act. Further no proper\nbooks of accounts

WHOLE SALE CLOTH MERCHANT ASSOCIATION ,KOTA vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE KOTA , KOTA

price) from the concerning person of all the 22 plots has not been taken in\nbooks.\n\n4. The trust property is used Personal benefit of the president\nShri Tejndra Pal Singh has taken loan & advances of Rs.31,50,000/- from the\ntrust and violated the provisions of section 13(2) of the Act. Further no proper\nbooks of accounts

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)

transferred whiting of profits and lost on analysis it has been found that there is unilateral flow of profits and losses consequent to CCMS. In the case of the assessee the trend of client code modification is clearly visible. The assessing the modified client has shifted in losses in order to set off the profits that were determined during

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

In the result, the appeal of the assessee is allowed

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

147, section 148,section 149, section 151 and section 153, in the case of a person where a search is initiated under section 132 or books of account, other documents or any assets are requisitioned under section 132A after the 31st day of May, 2003, the Assessing Officer shall- (a) issue notice to such person requiring him to furnish within

ASSISTANT COMMISSIONER OF INCOME TAX , CIRCLE-2, JAIPUR vs. M/S. ANGEL INFRASTRUCTURE PRIVATE LIMITED, JAIPUR

In the result, appeal of the assessee is partly allowed and the

Section 147 of the Act on 22/12/2016 and disallowed the claim of set off of short term capital loss and also made disallowance of transfer expenses. Thus, the total income of the assessee was assessed at Rs. 66,29,69,740/-. 4. The assessee challenged the action of the Assessing Officer before the ld. CIT(A) and also raised

M/S ANGEL INFRASTRUCTURE (P) LTD.,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, JAIPUR

In the result, appeal of the assessee is partly allowed and the

Section 147 of the Act on 22/12/2016 and disallowed the claim of set off of short term capital loss and also made disallowance of transfer expenses. Thus, the total income of the assessee was assessed at Rs. 66,29,69,740/-. 4. The assessee challenged the action of the Assessing Officer before the ld. CIT(A) and also raised

VAIBHAV GLOBAL LIMITED,JAIPUR vs. DCIT, CC-4, JAIPUR

section 115QA of Act and therefore, the company is liable to pay tax \non the distributed income of Rs.71,99,99,211/-. \n\n3.7 Based on these observations, ld. AO prepared the draft order dated \n26/09/2023 proposing the following additions: \n\n\nParticulars \nAddition (Rs.) \nTransfer pricing adjustment u/s 92CA Rs.1,37,27,79,147/- \nLate deposit of PF amount

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)

147 (ix) CIT Vs. Shree Rajasthan Syntex Ltd Hon'ble Rajasthan High Court (2008) 217 CTR (RAJ) 209 Re-opening of assessment on "borrowed satisfaction" by A.O. of lessor on the basis of opinion arrived at by the A.O. of lessee on the same set of documents was invalid. (c) The reasons are not based on any inquiry or verification

DCIT, CC-1, JAIPUR vs. M/S. DANGAYACH HOTELS PRIVATE LIMITED, JAIPUR

In the result, the appeal of the Revenue is dismissed

147, it is verifiable that no where name of assessee company is mentioned. In the details in column ‘From’ under the abbreviation ‘HMD’ is mentioned. The inference drawn by the A.O. on his own on the basis of alleged noting on the alleged seized papers under the head ‘HMD’ as Dangayach Hotels Pvt. Ltd. That in the reasons recorded itself

PRAMILA AGARWAL,JAIPUR vs. THE INCOME TAX OFFICER WARD-2(5), JAIPUR

In the result, the appeal of the assessee is allowed

147, of the Income-tax Act, 1961 - Income escaping\nassessment Issue of notice for (Reassessment) Assessment year 2013-14\nAssessing Officer issued notice under section 148 on basis of information received\nfrom Investigation Wing relating to certain share transactions alleging that sell trades\nexceeded buy trades and assessee was beneficiary of bogus LTCG - Objections raised\nby assessee to initiation

KOTHARI JEWELS PRIVATE LIMITED,MUMBAI vs. ACIT, JAIPUR

In the result, the appeal of the assessee is allowed

section 145(3) of the Act. Regarding estimation of GP rate, the AO observed that under no circumstances, can gold and other precious metals be sold at below market price and this clearly shows that in the instant case, the assessee has not reflected true GP on its sale by stock transfer to its sister concerns and as per discussion

VAIBHAV GLOBAL LIMITED,JAIPUR vs. DCIT, CC-4, JAIPUR

Section 144C(13) of the Income Tax Act, 1961.\n3. The Ld. TPO and Hon'ble DRP has erred on facts and in law in proposing an \nadjustment of amount of Rs.136,31,75,249/- to the income of the appellant on \naccount of alleged difference in Arm's Length Price (ALP) of the international \ntransaction of sale and purchase

CASTAMET WORKS PRIVATE LIMITED,KHARWA vs. PRINCIPLE COMMISSIONER OF INCOME TAX, UDAIPUR

147 or pass an order 16 Castamet Works Private Limited vs. PCIT enhancing the assessment or reducing a refund already made or otherwise increasing the liability of the assessee under section 154, for any assessment year beginning on or before the 1st day of April, 2001. 28. The correctness of the claim of the Assessee for the purpose of Section