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)

271(1)(c) to the assessee for the same addition. 5. Assessee company was not right person to allege that it has taken cash loan and the same were taken by some other persons. 6. Complete working was not given either assessment stage or penalty proceeding stage: - 7. The first onus is on department to show that the assessee company

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)

271(1)(c) to the assessee for the same addition. 5. Assessee company was not right person to allege that it has taken cash loan and the same were taken by some other persons. 6. Complete working was not given either assessment stage or penalty proceeding stage: - 7. The first onus is on department to show that the assessee company

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

253,\nafter the expiry of the financial year in which the proceedings, in the course of\nwhich action for the imposition of penalty has been initiated, are completed, of six months from\nthe end of the month in which the order of the Joint Commissioner (Appeals) or the\nCommissioner (Appeals) or as the case may be the Appellate Tribunal

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

253,\nafter the expiry of the financial year in which the proceedings, in the course of which\naction for the imposition of penalty has been initiated, are completed, of six months from\nthe end of the month in which the order of the Joint Commissioner (Appeals) or the\nCommissioner (Appeals) or as the case may be the Appellate Tribunal

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

253,\nafter the expiry of the financial year in which the proceedings, in the course of\nwhich action for the imposition of penalty has been initiated, are completed, of six months from\nthe end of the month in which the order of the Joint Commissioner (Appeals) or the\nCommissioner (Appeals) or as the case may be the Appellate Tribunal

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

253,\nafter the expiry of the financial year in which the proceedings, in the course of which\naction for the imposition of penalty has been initiated, are completed, of six months from\nthe end of the month in which the order of the Joint Commissioner (Appeals) or the\nCommissioner (Appeals) or as the case may be the Appellate Tribunal

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

253,\nafter the expiry of the financial year in which the proceedings, in the course of which\naction for the imposition of penalty has been initiated, are completed, of six months from\nthe end of the month in which the order of the Joint Commissioner (Appeals) or the\nCommissioner (Appeals) or as the case may be the Appellate Tribunal

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

253,\nafter the expiry of the financial year in which the proceedings, in the course of which\naction for the imposition of penalty has been initiated, are completed, of six months from\nthe end of the month in which the order of the Joint Commissioner (Appeals) or the\nCommissioner (Appeals) or as the case may be the Appellate Tribunal

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

penalty proceedings\".\n(b) in a case where the relevant assessment or other order is the subject matter of\nrevision under section 263 or section 264, after the expiry of six months from the end of\nthe month in which such order of revision is passed,\n(c) in any other case, after the expiry of the financial 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

253,\nafter the expiry of the financial year in which the proceedings, in the course of which\naction for the imposition of penalty has been initiated, are completed, of six months from\nthe end of the month in which the order of the Joint Commissioner (Appeals) or the\nCommissioner (Appeals) or as the case may be the Appellate Tribunal

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

253,\nafter the expiry of the financial year in which the proceedings, in the course of which\naction for the imposition of penalty has been initiated, are completed, of six months from\nthe end of the month in which the order of the Joint Commissioner (Appeals) or the\nCommissioner (Appeals) or as the case may be the Appellate Tribunal

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)

u/s 271(1)(b) is concerned, from a perusal of the section 273B. it is understood that, notwithstanding anything contained in the provisions of clause (b) of Sub-section (1) of section 271, no penalty shall be imposed on the person or the assessee as the case may be, for any failure referred to in the said provision

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

253,\nafter the expiry of the financial year in which the proceedings, in the course of which\naction for the imposition of penalty has been initiated, are completed, of six months from\nthe end of the month in which the order of the Joint Commissioner (Appeals) or the\nCommissioner (Appeals) or as the case may be the Appellate Tribunal

DEPUTY COMMISSIONER OF INCOME TAX, JAIPUR vs. M/S KIRAN FINE JEWELLERS PVT LTD. , JAIPUR

In the result, all the appeals of the revenue are dismissed

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

u/s 271E is clearly exigible and consequently, he ordered to levy penalty of Rs. 9,36,57,733/- i.e., equal to the amount of repayment of loan other than account payee cheque, is imposed on the assessee in terms of section 271E of the Act. 21 ITA Nos. 268, 270, 271 & 274-JP-2025 /JP/2024 DCIT vs. Kiran Fine Jewellers

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, JAIPUR, JAIPUR vs. M/S KIRAN FINE JEWELLERS PVT LTD. , JAIPUR

In the result, all the appeals of the revenue are dismissed

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI, आयकर अपील सं./ITA Nos.268, 270, 271 & 274/JP/2025 निर्धारण वर्ष / Assessment Years : 2013-14, 2014-15 & 2017-18 Dy. Commissioner of Income बनाम Kiran Fine Jewellers Private Tax, Vs. Limited Central Circle-02, Jaipur F-19, Gautam Marg, Vaishali Nagar, Jaipur स्थायी लेखा सं./ जीआईआर सं./PAN/GIR No.: AADCK7512P अपीलार्थी / Appellant प्रत्यर्थी / Respondent निर्धारिती की ओर से / Assessee by : Shri R. K. Bhatra, CA राजस्व की

u/s 271E is clearly exigible and consequently, he ordered to levy penalty of Rs. 9,36,57,733/- i.e., equal to the amount of repayment of loan other than account payee cheque, is imposed on the assessee in terms of section 271E of the Act. 21 ITA Nos. 268, 270, 271 & 274-JP-2025 /JP/2024 DCIT vs. Kiran Fine Jewellers

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, JAIPUR vs. M/S KIRAN FINE JEWELLERS PVT LTD. , JAIPUR

In the result, all the appeals of the revenue are dismissed

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI, आयकर अपील सं. / ITA Nos.268, 270, 271 & 274/JP/2025 निर्धारण वर्ष / Assessment Years : 2013-14, 2014-15 & 2017-18 Dy. Commissioner of Income बनाम Tax, Central Circle-02, Jaipur Vs. Kiran Fine Jewellers Private Limited F-19, Gautam Marg, Vaishali Nagar, Jaipur स्थायी लेखा सं. / जीआईआर सं./PAN/GIR No.: AADCK7512P अपीलार्थी / Appellant प्रत्यर्थी / Respondent निर्धारिती की ओर से / Assessee by: Shri R. K. Bhatra, CA राजस्व

u/s 271E is clearly exigible and consequently, he ordered to levy penalty of Rs. 9,36,57,733/- i.e., equal to the amount of repayment of loan other than account payee cheque, is imposed on the assessee in terms of section 271E of the Act. 21 ITA Nos. 268, 270, 271 & 274-JP-2025 /JP/2024 DCIT vs. Kiran Fine Jewellers

DEPUTY COMMISSIONER OF INCOME TAX, JAIPUR vs. M/S KIRAN FINE JEWELLERS PVT LTD. , JAIPUR

In the result, all the appeals of the revenue are dismissed

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI, आयकर अपील सं. / ITA Nos.268, 270, 271 & 274/JP/2025 निर्धारण वर्ष / Assessment Years : 2013-14, 2014-15 & 2017-18 Dy. Commissioner of Income बनाम Tax, Central Circle-02, Jaipur Vs. Kiran Fine Jewellers Private Limited F-19, Gautam Marg, Vaishali Nagar, Jaipur स्थायी लेखा सं. / जीआईआर सं./PAN/GIR No.: AADCK7512P अपीलार्थी / Appellant प्रत्यर्थी / Respondent निर्धारिती की ओर से / Assessee by: Shri R. K. Bhatra, CA राजस्व

u/s 271E is clearly exigible and consequently, he ordered to levy penalty of Rs. 9,36,57,733/- i.e., equal to the amount of repayment of loan other than account payee cheque, is imposed on the assessee in terms of section 271E of the Act. 21 ITA Nos. 268, 270, 271 & 274-JP-2025 /JP/2024 DCIT vs. Kiran Fine Jewellers

RAM KISHORE MEENA, ASSTT. COMMISSIONER OF INCOME TAX, CIRCLE-2,, KOTA vs. MANGALAM CEMENT LTD, MORAK, KOTA

In the result, the appeal of revenue is dismissed

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

253/-. In respect of all the additions made by the AO except on disallowance made out of certain expenses, penalty proceedings u/s 271(1)(c) was initiated for furnishing inaccurate particulars of income. After the order of CIT(A)/ ITAT, most of the additions were deleted except that disallowance of Rs. 3,72,43,045/- out of compensation of Rs.3.92