Jaipur CA

Rajasthan High Court Dismisses Application by M/s Arco Electro Technologies Pvt. Ltd. in Winding-Up Case of Vanasthali Textiles Industries Ltd.

| | , | Rajasthan High Court - Jaipur Bench
Rajasthan High Court Dismisses Application by Ms Arco Electro Technologies Pvt. Ltd. in Winding-Up Case of Vanasthali Textiles Industries Ltd

Jaipur, April 26, 2024: The Rajasthan High Court, Jaipur Bench, has dismissed the application filed by M/s Arco Electro Technologies Pvt. Ltd. in relation to the winding-up order of M/s Vanasthali Textiles Industries Ltd., which is currently in liquidation. The matter was called for hearing, but the applicant, M/s Arco Electro Technologies Pvt. Ltd., failed […]

ITAT Jaipur Rules in Favor of Taxpayer: Surrendered Cash During Survey Treated as Business Income

| | , , | Income Tax, Jaipur ITAT
ITAT Jaipur Rules in Favor of Taxpayer Surrendered Cash During Survey Treated as Business Income

Jaipur: In a significant ruling, the Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has delivered a judgment favoring the taxpayer, Mrs. Prem Lata Pandya, in the case of Prem Lata Pandya vs. DCIT (ITA No. 1471/JPR/2024). The Tribunal directed the assessing authorities to classify ₹24 lakh, surrendered during a tax survey, as business

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