ASSISTANT COMMISSIONER OF INCOME TA , JAIPUR vs. SHRI NATH CORPORATION, JAIPUR

In the result, the appeals filed by the Revenue are dismissed

penalty in the assessment completed u/s 153A of the Act.\nFurthermore, excess stock of Rs.3,94,67,426/- was found during the course of survey action u/s 133A of the Act resulting in surrendered of the same in ITR. However, the assessee incorporated the surrendered amount under head income from business income which was held under income from other sources

DY. COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2, JAIPUR, JAIPUR vs. M/S GOKUL KRIPA COLONIZERS & DEVELOPERS PVT. LTD., JAIPUR

In the result, the appeals of the revenue stands dismissed, and the

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

Section 275 was substituted by the Taxation Laws (Amendment) Act, 1970, which came into effect from 1-4-1971. The change was explained by the Board vide Circular No. 56, dated 19-3-1971. Significantly, it postulated that section 275 of the Income-tax Act which specified the time-limit for completion of penalty proceedings has been substituted

DY. COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2, JAIPUR, JAIPUR vs. M/S GOKUL KRIPA COLONIZERS & DEVELOPERS PVT. LTD., JAIPUR

In the result, the appeals of the revenue stands dismissed, and the

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

Section 275 was substituted by the Taxation Laws (Amendment) Act, 1970, which came into effect from 1-4-1971. The change was explained by the Board vide Circular No. 56, dated 19-3-1971. Significantly, it postulated that section 275 of the Income-tax Act which specified the time-limit for completion of penalty proceedings has been substituted

DY. COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2, JAIPUR, JAIPUR vs. M/S GOKUL KRIPA COLONIZERS & DEVELOPERS PVT. LTD., JAIPUR

In the result the appeal of the revenue in ITA no

133A\nof the Act was carried out on 19-01-2021 by the Income Tax Department\non M/s Gokul Kripa Colonizers & Developers Pvt. Ltd (hereinafter referred\nas GKCDPL or assessee), one of the members of the Gokul Kripa Group.\nWhile in search proceeding various incriminating documents were\nfound/seized including forensic data from premises covered in the \"Gokul\nkripa group. These

DY. COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2, JAIPUR, JAIPUR vs. M/S GOKUL KRIPA COLONIZERS & DEVELOPERS PVT. LTD., JAIPUR

In the result the appeal of the revenue in ITA no

133A\nof the Act was carried out on 19-01-2021 by the Income Tax Department\non M/s Gokul Kripa Colonizers & Developers Pvt. Ltd (hereinafter referred\nas GKCDPL or assessee), one of the members of the Gokul Kripa Group.\nWhile in search proceeding various incriminating documents were\nfound/seized including forensic data from premises covered in the \"Gokul\nkripa group. These

DY. COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2, JAIPUR, JAIPUR vs. M/S GOKUL KRIPA COLONIZERS & DEVELOPERS PVT. LTD., JAIPUR

In the result the appeal of the revenue in ITA no

133A\nof the Act was carried out on 19-01-2021 by the Income Tax Department\non M/s Gokul Kripa Colonizers & Developers Pvt. Ltd (hereinafter referred\nas GKCDPL or assessee), one of the members of the Gokul Kripa Group.\nWhile in search proceeding various incriminating documents were\nfound/seized including forensic data from premises covered in the \"Gokul\nkripa group. These

DY. COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2, JAIPUR, JAIPUR vs. M/S GOKUL KRIPA COLONIZERS & DEVELOPERS PVT. LTD., JAIPUR

In the result the appeal of the revenue in ITA no

133A\nof the Act was carried out on 19-01-2021 by the Income Tax Department\non M/s Gokul Kripa Colonizers & Developers Pvt. Ltd (hereinafter referred\nas GKCDPL or assessee), one of the members of the Gokul Kripa Group.\nWhile in search proceeding various incriminating documents were\nfound/seized including forensic data from premises covered in the \"Gokul\nkripa group. These

DY. COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2, JAIPUR, JAIPUR vs. M/S GOKUL KRIPA COLONIZERS & DEVELOPERS PVT. LTD., JAIPUR

In the result the appeal of the revenue in ITA no

133A\nof the Act was carried out on 19-01-2021 by the Income Tax Department\non M/s Gokul Kripa Colonizers & Developers Pvt. Ltd (hereinafter referred\nas GKCDPL or assessee), one of the members of the Gokul Kripa Group.\nWhile in search proceeding various incriminating documents were\nfound/seized including forensic data from premises covered in the \"Gokul\nkripa group. These

DY. COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2, JAIPUR, JAIPUR vs. M/S GOKUL KRIPA COLONIZERS & DEVELOPERS PVT. LTD., JAIPUR

133A\nof the Act was carried out on 19-01-2021 by the Income Tax Department\non M/s Gokul Kripa Colonizers & Developers Pvt. Ltd (hereinafter referred\nas GKCDPL or assessee), one of the members of the Gokul Kripa Group.\nWhile in search proceeding various incriminating documents were\nfound/seized including forensic data from premises covered in the \"Gokul\nkripa group. These

DY. COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2, JAIPUR, JAIPUR vs. M/S GOKUL KRIPA COLONIZERS & DEVELOPERS PVT. LTD., JAIPUR

In the result the appeal of the revenue in ITA no

133A\nof the Act was carried out on 19-01-2021 by the Income Tax Department\non M/s Gokul Kripa Colonizers & Developers Pvt. Ltd (hereinafter referred\nas GKCDPL or assessee), one of the members of the Gokul Kripa Group.\nWhile in search proceeding various incriminating documents were\nfound/seized including forensic data from premises covered in the \"Gokul\nkripa group. These

DY. COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2, JAIPUR, JAIPUR vs. M/S GOKUL KRIPA COLONIZERS & DEVELOPERS PVT. LTD., JAIPUR

In the result the appeal of the revenue in ITA no

133A\nof the Act was carried out on 19-01-2021 by the Income Tax Department\non M/s Gokul Kripa Colonizers & Developers Pvt. Ltd (hereinafter referred\nas GKCDPL or assessee), one of the members of the Gokul Kripa Group.\nWhile in search proceeding various incriminating documents were\nfound/seized including forensic data from premises covered in the \"Gokul\nkripa group. These

DY. COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2, JAIPUR, JAIPUR vs. M/S GOKUL KRIPA COLONIZERS & DEVELOPERS PVT. LTD., JAIPUR

In the result the appeal of the revenue in ITA no

133A\nof the Act was carried out on 19-01-2021 by the Income Tax Department\non M/s Gokul Kripa Colonizers & Developers Pvt. Ltd (hereinafter referred\nas GKCDPL or assessee), one of the members of the Gokul Kripa Group.\nWhile in search proceeding various incriminating documents were\nfound/seized including forensic data from premises covered in the \"Gokul\nkripa group. These

RUPESH TAMBI,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, JAIPUR

In the result, the appeal of the assessee is Partly allowed

penalty of Rs.22,21,149/- under sub section 1(c) of section 271\nAAB of the IT Act, 1961 @30% in above said additional income.\n3.\nThat the appellant craves permission to add to or amend to any of\ngrounds of appeal or to withdraw any of them.\n3. Succinctly, the fact as culled out from the records is that

POOJA UPADHYAY,JAIPUR vs. ITO WARD 5(1), JAIPUR, JAIPUR

In the result, appeal of the assessee is allowed

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

Section 271(1)(c) of IT Act – In this case return was filed on 29.8.1996 – Later on a survey was conducted u/s 133A on 6.2.1997 in the case of a third person Vasumal where an agreement was found disclosing purchase of plot by assessee through Vasumal for a consideration of Rs.13.51 lakh out of which Rs.11 Lakh was paid upto

DY. COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2, JAIPUR, JAIPUR vs. M/S GOKUL KRIPA COLONIZERS & DEVELOPERS PVT. LTD., JAIPUR

In the result the appeal of the revenue in ITA no

133A\nof the Act was carried out on 19-01-2021 by the Income Tax Department\non M/s Gokul Kripa Colonizers & Developers Pvt. Ltd (hereinafter referred\nas GKCDPL or assessee), one of the members of the Gokul Kripa Group.\nWhile in search proceeding various incriminating documents were\nfound/seized including forensic data from premises covered in the \"Gokul\nkripa group. These

DY. COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2, JAIPUR, JAIPUR vs. M/S GOKUL KRIPA COLONIZERS & DEVELOPERS PVT. LTD., JAIPUR

In the result the appeal of the revenue in ITA no

133A\nof the Act was carried out on 19-01-2021 by the Income Tax Department\non M/s Gokul Kripa Colonizers & Developers Pvt. Ltd (hereinafter referred\nas GKCDPL or assessee), one of the members of the Gokul Kripa Group.\nWhile in search proceeding various incriminating documents were\nfound/seized including forensic data from premises covered in the \"Gokul\nkripa group. These

UMESH SABOO,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME, CENTRAL CIRCLE-2,, JAIPUR

In the result, the appeal of the assessee is allowed

271 shall be imposed upon the assessee in respect of the\nundisclosed income referred to in sub-section (1).\n(3) The provisions of sections 274 and 275 shall, as far as may be,\napply in relation to the penalty referred to in this section.\nExplanation.—For the purposes of this section,—\n(a) \"specified date\" means the due date

SHRI OM PRAKASH MODI,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, JAIPUR

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

Bench: Shri Sandeep Gosain, Jm & Shri Vikram Singh Yadav, Am Vk;Dj Vihy La-@Ita No. 196/Jp/2018 Fu/Kzkj.K O"Kz@Assessment Year :2014-15 Shri Om Prakash Modi, Cuke D.C.I.T., Vs. B-49, Keshav Path, Suraj Nagar Central Circle-2, (West), Civil Lines, Jaipur. Jaipur. Lfkk;H Ys[Kk La-@Thvkbzvkj La-@Pan/Gir No.: Acfpm 8683 C Vihykfkhz@Appellant Izr;Fkhz@Respondent Fu/Kzkfjrh Dh Vksj Ls@ Assessee By: Shri Manish Agarwal (Ca) Jktlo Dh Vksj Ls@ Revenue By : Shri Varinder Mehta (Cit-Dr) Lquokbz Dh Rkjh[K@ Date Of Hearing : 04/03/2021 Mn?Kks"K.Kk Dh Rkjh[K@ Date Of Pronouncement : 18/03/2021 Vkns'K@ Order Per: Sandeep Gosain, J.M. The Present Appeal Has Been Filed By The Assessee Against The Order Of The Ld. Cit(A)-4, Jaipur Dated 01/01/2018 For The A.Y. 2014-15, Wherein The Assessee Has Raised Following Grounds Of Appeal: “1. On The Facts & In The Circumstances Of The Case The Ld. Cit(A) Has Grossly Erred In Confirming The Penalty U/S 271Aab Imposed At Rs. 3,75,00,000/-, Arbitrarily, Thus The Order So Passed Deserves To Be Quashed. 2. On The Facts & In The Circumstances Of The Case The Ld. Cit(A)Has Erred In Ignoring The Fact That The Appellant Has Duly Disclosed In The Statements U/S 132(4) & The Mode & Manner Was Also Explained, Further Due Tax Was Also Paid, Therefore, The Penalty Of Rs. 3,75,00,000/- So Levied Deserves To Be Deleted. 2.1 That The Ld. Cit(A) Has Grossly Erred In Confirming The Penalty Imposed On Additional Income Of Rs. 12,50,00,000/- Duly Offered

133A of the act was carried out on 04.09.2013 on the members of Okay plus- JKD group, of which assessee is one of the members. During the course of search, statements of the assessee and other persons were recorded. In the statement of the assessee recorded u/s 132(4) of the Act, income pertaining to the year under appeal