R P WOOD PRODUCTS PRIVATE LIMITED,AJMER vs. DCIT CENTRAL CIRCLE AJMER, JAIPUR ROAD AJMER

In the result, appeal of the assessee is allowed

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

250 of the IT Act, 1961 for the assessment year 2019-20. The assessee has raised the following grounds :- 1. The orders passed by the authorities below in so far as they are against the appellant are opposed to law, equity, weight of evidences, facts and circumstances of the case and are therefore liable to be quashed

GHANSHYAM TAK,NAYA GHAR AJMER vs. DCIT CENTRAL CIRCLE AJMER, JAIPUR ROAD AJMER

In the result, appeal of the assessee is allowed

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

250 of the IT Act, 1961 for the assessment year 2020-21. The assessee has raised the following grounds :- 1. The orders passed by the authorities below in so far as they are against the appellant are opposed to law, equity, weight of evidences, facts and circumstances of the case and are therefore liable to be quashed

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)

250/- 13 1178/JP/2025 2021-22 19.06.2025 Levy of penalty u/s 271E of the Act vide order dated 28.08.2023 for an amount of Rs. 6,99,87,788/- Against all these appeals of the revenue the assessee preferred cross objections which were numbered as CO/39/JP/2025 to CO/46/JP/2025. 2. As agreed by the parties the lead case of revenue is considered

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)

250/- 13 1178/JP/2025 2021-22 19.06.2025 Levy of penalty u/s 271E of the Act vide order dated 28.08.2023 for an amount of Rs. 6,99,87,788/- Against all these appeals of the revenue the assessee preferred cross objections which were numbered as CO/39/JP/2025 to CO/46/JP/2025. 2. As agreed by the parties the lead case of revenue is considered

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

250/-\n13\n1178/JP/2025\n2021-22\n19.06.2025\nLevy of penalty u/s 271E of the Act\nvide order dated 28.08.2023 for an\namount of Rs.6,99,87,788/-\nAgainst all these appeals of the revenue the assessee preferred\ncross objections which were numbered as CO/39/JP/2025 to\nCO/46/JP/2025.\n2.\nAs agreed by the parties the lead case of revenue is considered in\nITA

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

250/-\n13\n1178/JP/2025\n2021-22\n19.06.2025\nLevy of penalty u/s 271E of the Act\nvide order dated 28.08.2023 for an\namount of Rs.6,99,87,788/-\nAgainst all these appeals of the revenue the assessee preferred\ncross objections which were numbered as CO/39/JP/2025 to\nCO/46/JP/2025.\n2.\nAs agreed by the parties the lead case of revenue is considered in\nITA

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

250/-\n13\n1178/JP/2025\n2021-22\n19.06.2025\nLevy of penalty u/s 271E of the Act\nvide order dated 28.08.2023 for an\namount of Rs.6,99,87,788/-\nAgainst all these appeals of the revenue the assessee preferred\ncross objections which were numbered as CO/39/JP/2025 to\nCO/46/JP/2025.\n2.\nAs agreed by the parties the lead case of revenue is considered in\nITA

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

250/-\n13\n1178/JP/2025\n2021-22\n19.06.2025\nLevy of penalty u/s 271E of the Act\nvide order dated 28.08.2023 for an\namount of Rs.6,99,87,788/-\nAgainst all these appeals of the revenue the assessee preferred\ncross\nobjections which were numbered as CO/39/JP/2025 to\nCO/46/JP/2025.\n2.\nAs agreed by the parties the lead case of revenue is considered in\nITA

VISION JEWELLERS,JAIPUR vs. DCIT, CIRCLE-1, JAIPUR, JAIPUR

In the result the appeal of the assessee is allowed

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

section 271(1)(c). 15 VISION JEWELLERS VS DCIT CIRCLE-1, JAIPUR In view of the above, penalty levied by the ld. AO deserves to be deleted as the same has been levied in a mechanical manner and without application of mind.’’ 5. On the other hand, the ld. DR supported the order of the ld. CIT(A). 6

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

250/-\n13\n1178/JP/2025\n2021-22\n19.06.2025\nLevy of penalty u/s 271E of the Act\nvide order dated 28.08.2023 for an\namount of Rs.6,99,87,788/-\nAgainst all these appeals of the revenue the assessee preferred\ncross\nobjections which were numbered as CO/39/JP/2025 to\nCO/46/JP/2025.\n2.\nAs agreed by the parties the lead case of revenue is considered in\nITA

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

250/-\n13\n1178/JP/2025\n2021-22\n19.06.2025\nLevy of penalty u/s 271E of the Act\nvide order dated 28.08.2023 for an\namount of Rs.6,99,87,788/-\nAgainst all these appeals of the revenue the assessee preferred\ncross objections which were numbered as CO/39/JP/2025 to\nCO/46/JP/2025.\n2.\nAs agreed by the parties the lead case of revenue is considered in\nITA

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

250\n6,99,87,788\nTotal\n66,06,14,144\n24,39,82,885\n2.\nImposition of penalty u/s 271D and 271E of abovementioned acceptance\nand repayment of alleged unsecured loans\n2.1\nIn the assessment order, though the loans were added in the income of\nthe assessee, considering the same as same as \"Unexplained Business receipts\nor unaccounted income

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

250/-\n13\n1178/JP/2025\n2021-22\n19.06.2025\nLevy of penalty u/s 271E of the Act\nvide order dated 28.08.2023 for an\namount of Rs.6,99,87,788/-\nAgainst all these appeals of the revenue the assessee preferred\ncross\nobjections which were numbered as CO/39/JP/2025 to\nCO/46/JP/2025.\n2.\nAs agreed by the parties the lead case of revenue is considered in\nITA

JAMNA DEVI SHARMA,JAIPUR vs. ITO WARD 7(2), JAIPUR

In the result, both the appeals of the assessee are allowed with no orders as to costs

Bench: SHRI SANDEEP GOSAIN (Judicial Member)

u/s 274, ld. AO has not clearly mentioned the limb, on the basis of which, penalty was proposed to be imposed. Ld. AO has simply issued a pre-printed notice without striking off the unnecessary portions of the notice (Concealed particulars of income or furnished inaccurate particulars of Income). If it was of the view that the 16 SMT. JAMNA

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

250/-\nLevy of penalty u/s 271E of the Act\nvide order dated 28.08.2023 for an\namount of Rs.6,99,87,788/-\nAgainst all these appeals of the revenue the assessee preferred\ncross objections which were numbered as CO/39/JP/2025 to\nCO/46/JP/2025.\n2. As agreed by the parties the lead case of revenue is considered in\nITA no. 1168/JP/2025 for assessment year

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

250/-\nAgainst all these appeals of the revenue the assessee preferred\ncross objections which were numbered as CO/39/JP/2025 to\nCO/46/JP/2025.\n2.\nAs agreed by the parties the lead case of revenue is considered in\nITA no. 1168/JP/2025 for assessment year 2017-18 and the connected\ncross objection of assessee on it numbered as CO no. 39/JP/2025 is taken

RAKESH KUMAR AGARWAL,JAIPUR vs. INCOME TAX OFFICER, WARD 4(4), JAIPUR, JAIPUR

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

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

250, allowed appeal of assessee holding that notice issued by Assessing Officer under section 274 read with section 271 (1 )(c) was bad in law, as it did not specify under which limb of section 271 (1 )(c) penalty proceedings had been initiated, i.e., whether for concealment of particulars of income or furnishing of inaccurate particulars of income – High Court

DAYARAM YADAV,JAIPUR vs. CIT(A), NFAC

In the result, appeal of the assessee is allowed

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

250 of the Act. Merely stating of the fact that due it has not received the notices and that it is in appeal against the assessment order does not help the cause of the assessee. It was duty of the appellant to participate in the assessment proceedings failure to which attracted penalty u/s 271