M/S. RAMBHOJO'S,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, JAIPUR

In the result, the appeal filed by the assessee is partly allowed

2), there is no immunity from penalty U/s 271AAB of the Act. It was held that the penalty U/s 271AAB is mandatory in nature and is imposed at the varying rate of 10%, 20% or 30% depending on the fulfillment of certain conditions therein. It was held by the ld. CIT(A) that all the conditions specified in Section 271AAB

SHRI VIMAL CHAND SURANA,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, JAIPUR

In the result, appeal of the assessee is allowed

271 shall be imposed upon the assessee in respect of the undisclosed income referred to in sub-section (1). Section 158BFA(2): (2) The Assessing Officer or the Commissioner (Appeals) in the course of any proceedings under this Chapter, may direct that a person shall pay by way of penalty a sum which shall not be less than the amount

SHRI SURESH CHAND MITTAL,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX , JAIPUR

In the result, appeal of the assessee is allowed

Bench: Or At The Time Of Hearing.”

220/-. The AO accepted the returned income except a disallowance of Rs. 9400/- of deduction claimed under section 80C of the Act. The AO initiated the penalty proceedings under section 271AAB by issuing show cause notice dated 23rd March, 2016 when the assessment order was passed and further a notice dated 12.08.2016 was also issued under section 274 read with

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

2) Any penalty imposable under sub-section (1) shall be imposed by the Joint\nCommissioner.\nProvided that any penalty under sub-section (1), on or alter the 1st day of April, 2025,\nshall be imposed by the Assessing Officer.\n*275 Bar of limitation for imposing penalties (1) No order imposing a penalty under this\nChapter shall be passed

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

2) Any penalty imposable under sub-section (1) shall be imposed by the Joint\nCommissioner.\nProvided that any penalty under sub-section (1), on or alter the 1st day of April, 2025,\nshall be imposed by the Assessing Officer.\n*275 Bar of limitation for imposing penalties (1) No order imposing a penalty under this\nChapter shall be passed

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

2) Any penalty imposable under sub-section (1) shall be imposed by the Joint\nCommissioner.\nProvided that any penalty under sub-section (1), on or alter the 1st day of April, 2025,\nshall be imposed by the Assessing Officer.\n*275 Bar of limitation for imposing penalties (1) No order imposing a penalty under this\nChapter shall be passed

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

2) Any penalty imposable under sub-section (1) shall be imposed by the Joint\nCommissioner.\nProvided that any penalty under sub-section (1), on or alter the 1st day of April, 2025,\nshall be imposed by the Assessing Officer.\n*275 Bar of limitation for imposing penalties (1) No order imposing a penalty under this\nChapter shall be passed

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

2) Any penalty imposable under sub-section (1) shall be imposed by the Joint\nCommissioner.\nProvided that any penalty under sub-section (1), on or alter the 1st day of April, 2025,\nshall be imposed by the Assessing Officer.\n*275 Bar of limitation for imposing penalties (1) No order imposing a penalty under this\nChapter shall be passed

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

2) Any penalty imposable under sub-section (1) shall be imposed by the Joint\nCommissioner.\nProvided that any penalty under sub-section (1), on or alter the 1st day of April, 2025,\nshall be imposed by the Assessing Officer.\n*275 Bar of limitation for imposing penalties (1) No order imposing a penalty under this\nChapter shall be passed

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

2) Any penalty imposable under sub-section (1) shall be imposed by the Joint\nCommissioner.\nProvided that any penalty under sub-section (1), on or alter the 1st day of April, 2025,\nshall be imposed by the Assessing Officer.\n*275 Bar of limitation for imposing penalties (1) No order imposing a penalty under this\nChapter shall be passed

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

2) Any penalty imposable under sub-section (1) shall be imposed by the Joint\nCommissioner.\nProvided that any penalty under sub-section (1), on or alter the 1st day of April, 2025,\nshall be imposed by the Assessing Officer.\n*275 Bar of limitation for imposing penalties (1) No order imposing a penalty under this\nChapter shall be passed

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

2) Any penalty imposable under sub-section (1) shall be imposed by the Joint\nCommissioner.\nProvided that any penalty under sub-section (1), on or alter the 1st day of April, 2025,\nshall be imposed by the Assessing Officer.\n*275 Bar of limitation for imposing penalties (1) No order imposing a penalty under this\nChapter shall be passed

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

2) Any penalty imposable under sub-section (1) shall be imposed by the Joint\nCommissioner.\nProvided that any penalty under sub-section (1), on or alter the 1st day of April, 2025,\nshall be imposed by the Assessing Officer.\n*275 Bar of limitation for imposing penalties (1) No order imposing a penalty under this\nChapter shall be passed

MANGI LAL KANDOI ,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE – 2, JAIPUR, JAIPUR

In the result, appeal of the assessee is partly allowed

220/- only (both by Sh. Mangi Lal Kandoi and Sh. R.K. Kandoi) as against the total undisclosed income at Rs. 15.89 Crore discovered during the course of search proceedings However the application of the appellant was rejected by Hon'ble ITSC on the grounds of not being true and fair' (ii) The fact remains that during the course of search

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

220 ITR 226 (Raj.) (Copy at Case laws PB Page No. 44-46).\n2.\nITAT Jaipur in the case of Shri Ram Kishan Verma Vs Addl CIT,\nRange -1 Kota ITA No 405/JP/2019 AY 2015-16 order dated 03/07/2019. (Copy\nat Case laws PB Page No. 88-105\n3.\nLodha Builders (P) LTD. vs. ACIT (2014) 163 TTJ (Mumbai

PRIYANKA KHANDELWAL,KOTA vs. LD. ACIT, CENTRAL CIRCLE, KOTA, KOTA

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

Section Penalty Delay Submission Written Returned Amount of submission filed u/s condonation 153A & assessed at same amount 336/JP/2023 271(1)(c) 4,738/- 25 No No Yes* 337/JP/2023 271(1)(c) 30,380/- 25 No No Yes 338/JP/2023 271(1)(c) 4,736/- 25 No No Yes 339/JP/2023 271(1)(c) 49,521/- 25 No No Yes 340/JP/2023 271

ASHEESH SHARMA,KOTA vs. LD. ACIT, CENTRAL CIRCLE, KOTA, KOTA

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

Section Penalty Delay Submission Written Returned Amount of submission filed u/s condonation 153A & assessed at same amount 336/JP/2023 271(1)(c) 4,738/- 25 No No Yes* 337/JP/2023 271(1)(c) 30,380/- 25 No No Yes 338/JP/2023 271(1)(c) 4,736/- 25 No No Yes 339/JP/2023 271(1)(c) 49,521/- 25 No No Yes 340/JP/2023 271

ASHEESH SHARMA,KOTA vs. LD. ACIT, CENTRAL CIRCLE, KOTA, KOTA

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

Section Penalty Delay Submission Written Returned Amount of submission filed u/s condonation 153A & assessed at same amount 336/JP/2023 271(1)(c) 4,738/- 25 No No Yes* 337/JP/2023 271(1)(c) 30,380/- 25 No No Yes 338/JP/2023 271(1)(c) 4,736/- 25 No No Yes 339/JP/2023 271(1)(c) 49,521/- 25 No No Yes 340/JP/2023 271