ACIT, CIRCLE-1, JODHPUR vs. SHRI GAJ SINGH, JODHPUR

Bench: Hon’Ble Shri Sandeep Gosain, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am (Hearing Through Video Conferencing Mode) 1. आयकरअपील सं./ I.T.A. No.85/Jodh/2019 ("नधा"रणवष" / Assessment Year: 2013-14) & 2. आयकरअपील सं./ I.T.A. No.86/Jodh/2019 ("नधा"रणवष" / Assessment Year: 2014-15) & 3. आयकरअपील सं./ I.T.A. No.141/Jodh/2019 ("नधा"रणवष" / Assessment Year: 2015-16) Acit–Circle-1 Shri Gaj Singh बनाम/ Jodhpur Umaid Bhawan Palace Vs. Rajasthan. Jodhpur, Rajasthan. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Afmps-5233-G (अपीलाथ"/Appellant) (""यथ" / Respondent) : & 4. C.O. No.08/Jodh/2019 (Arising Out Of Ita No.85/Jodh/2019) ("नधा"रणवष" / Assessment Year: 2013-14) & 5. C.O. No.09/Jodh/2019 (Arising Out Of I.T.A. No.86/Jodh/2019) ("नधा"रणवष" / Assessment Year: 2014-15) & 6. C.O. No.13/Jodh/2019 (Arising Out Of I.T.A. No.141/Jodh/2019) ("नधा"रणवष" / Assessment Year: 2015-16) Shri Gaj Singh Acit–Circle-1 बनाम/ Umaid Bhawan Palace Jodhpur Vs. Jodhpur, Rajasthan. Rajasthan. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Afmps-5233-G (अपीलाथ"/Appellant) (""यथ" / Respondent) :

disallowed and lease rental of Rs.8.80 Lacs was brought to tax. (iii) The assessee received advance of Rs.36.50 Lacs from an entity namely M/s Marudhar Hotels Pvt. Ltd. (MHPL) which was held to be deemed dividend

THE LAKE PALACE HOTELS & MOTELSPRIVATE LIMITED,UDAIPUR vs. PCIT,CIRCLE-2, UDAIPUR

In the result, appeal of the assessee is allowed

deemed dividend and addition to the total income was made. The ld. AO also disallowed a sum of Rs. 1,18,44,224/- on its borrowed

NAHAR COLOURS AND COATINHGS PRIVATE LIMITED,UDAIPUR vs. PRINCIPAL COMMISSIONER OFINCOMETAX, UDAIPUR

In the result, appeal of the assessee is allowed

deeming provisions and mandatory in nature. The application of such provisions is made by operation of law. Exception to these provisions can be made only in accordance with law, as provided in section 50C only. The Assessing Officer did not raise any query with regard to application of section 50C, the Assessing Officer committed a mistake and, thus, it rendered

ACIT, CIRCLE (EXEMPTION), JODHPUR vs. M/S. VIDYA BHAWAN SOCIETY, UDAIPUR

In the result, the appeal filed by the Revenue is dismissed

Bench: Shri Kul Bharatshri Manish Boradacit, Vs M/S. Vidya Bhawan Circle (Exemption), Society, Mohan Singh, Jodhpur Mehta Marg, Fatehpur, Udaipur (Raj.) (Appellant) (Respondent) Pan No. Assessee By Shri Amit Kothari, Ca Revenue By Shri S.M.Joshi, Jcit Dr Date Of Hearing 23/03/2023 Date Of 24/03/2023 Pronouncement O R D E R Per Kul Bharat, J.M.: The Present Appeal Filed By The Revenue For The Assessment Year 2014-15 Is Directed Against The Order Of Ld. Cit(A)-1, Udaipur Dated 27.06.2019. The Revenue Has Raised Following Grounds Of Appeal:-

dividend income is exempt from Income Tax. This being so, in the result there remains no tax liability on the trust. Consequently we hold accordingly and delete the additions in this behalf. Our judgment is fortified by the judgments cited by the assessee's counsel (supra) which deal with the issue before us with precision and which we respectfully follow

SUKHDEV CHAYAL,BIKANER vs. PCIT-1,, JODHPUR

In the result, this appeal of the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Vikram Singh Yadavassessment Year: 2016-17 Sukhdev Chayal, Vs. Pr.Cit-1, Near Ratan Sagar Well, Jodhpur. Bikaner. Pan No. Afjpc 9250 J

disallowed and added to the total income of assessee in the head of capital gain under short term capital gain for the relevant year." 14 ITA 26/Jodh/2021 Sukhdev Chayal Vs PCIT However, after analyzing the order of assessment, the ld. PCIT directed that the sale of land be booked under the head Business and Profession rather than STCG