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

26,176/-\n10\n1175/JP/2025\n2020-21\n19.06.2025\nLevy of penalty u/s 271E of the Act\nvide order dated 28.08.2023 for an\namount of Rs.\n11\n1176/JP/2025\n2020-21\n19.06.2025\nLevy of penalty u/s 271D of the Act\nvide order dated 28.08.2023 for an\namount of Rs.6,52,43,524/-\n12\n1177/JP/2025\n2021-22\n19.06.2025\nLevy of penalty u/s 271D

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

26,176/-\n10\n1175/JP/2025\n2020-21\n19.06.2025\nLevy of penalty u/s 271E of the Act\nvide order dated 28.08.2023 for an\namount of Rs.\n11\n1176/JP/2025\n2020-21\n19.06.2025\nLevy of penalty u/s 271D of the Act\nvide order dated 28.08.2023 for an\namount of Rs.6,52,43,524/-\n12\n1177/JP/2025\n2021-22\n19.06.2025\nLevy of penalty u/s 271D

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

26,176/-\n10\n1175/JP/2025\n2020-21\n19.06.2025\nLevy of penalty u/s 271E of the Act\nvide order dated 28.08.2023 for an\namount of Rs.\n11\n1176/JP/2025\n2020-21\n19.06.2025\nLevy of penalty u/s 271D of the Act\nvide order dated 28.08.2023 for an\namount of Rs.6,52,43,524/-\n12\n1177/JP/2025\n2021-22\n19.06.2025\nLevy of penalty u/s 271D

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

26,176/-\n10\n1175/JP/2025\n2020-21\n19.06.2025\nLevy of penalty u/s 271E of the Act\nvide order dated 28.08.2023 for an\namount of Rs.6,52,43,524/-\n11\n1176/JP/2025\n2020-21\n19.06.2025\nLevy of penalty u/s 271D of the Act\nvide order dated 28.08.2023 for an\namount of Rs.8,33,67,454/-\n12\n1177/JP/2025\n2021-22\n19.06.2025\nLevy of penalty

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

26,176/-\n10\n1175/JP/2025\n2020-21\n19.06.2025\nLevy of penalty u/s 271E of the Act\nvide order dated 28.08.2023 for an\namount of Rs.6,52,43,524/-\n11\n1176/JP/2025\n2020-21\n19.06.2025\nLevy of penalty u/s 271D of the Act\nvide order dated 28.08.2023 for an\namount of Rs.8,33,67,454/-\n12\n1177/JP/2025\n2021-22\n19.06.2025\nLevy of penalty

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

26,176/-\n10\n1175/JP/2025\n2020-21\n19.06.2025\nLevy of penalty u/s 271E of the Act\nvide order dated 28.08.2023 for an\namount of Rs.6,52,43,524/-\n11\n1176/JP/2025\n2020-21\n19.06.2025\nLevy of penalty u/s 271D of the Act\nvide order dated 28.08.2023 for an\namount of Rs.8,33,67,454/-\n12\n1177/JP/2025\n2021-22\n19.06.2025\nLevy of penalty

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)

26,176/- 10 1175/JP/2025 2020-21 19.06.2025 Levy of penalty u/s 271E of the Act vide order dated 28.08.2023 for an 3 M/s Gokul Kripa Colonisers & Developers Pvt. Ltd. amount of Rs. 6,52,43,524/- 11 1176/JP/2025 2020-21 19.06.2025 Levy of penalty u/s 271D of the Act vide order dated 28.08.2023 for an amount

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

26,176/-\n10\n1175/JP/2025\n2020-21\n19.06.2025\nLevy of penalty u/s 271E of the Act\nvide order dated 28.08.2023 for an\n11\n1176/JP/2025\n2020-21\n19.06.2025\namount of Rs.6,52,43,524/-\nLevy of penalty u/s 271D of the Act\nvide order dated 28.08.2023 for an\namount of Rs.8,33,67,454/-\n12\n1177/JP/2025\n2021-22\n19.06.2025\nLevy of penalty

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

26 to 32 of CIT (A)\norder of A.Y. 2015-16 271E penalty).\n4.\nAppeal before Hon'ble Bench of ITAT Jaipur\n4.1\nAggrieved from the order of CIT (A), the department filed the appeal and\nthe assessee also filed the C.O.\n4.2\nThe department raised 4 grounds in each appeal in form 36 and the same\nare reproduced hereunder

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)

26,176/- 10 1175/JP/2025 2020-21 19.06.2025 Levy of penalty u/s 271E of the Act vide order dated 28.08.2023 for an 3 M/s Gokul Kripa Colonisers & Developers Pvt. Ltd. amount of Rs. 6,52,43,524/- 11 1176/JP/2025 2020-21 19.06.2025 Levy of penalty u/s 271D of the Act vide order dated 28.08.2023 for an amount

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

26,176/-\n10\n1175/JP/2025\n2020-21\n19.06.2025\nLevy of penalty u/s 271E of the Act\nvide order dated 28.08.2023 for an\n11\n1176/JP/2025\n2020-21\n19.06.2025\namount of Rs.6,52,43,524/-\nLevy of penalty u/s 271D of the Act\nvide order dated 28.08.2023 for an\namount of Rs.8,33,67,454/-\n12\n1177/JP/2025\n2021-22\n19.06.2025\nLevy of penalty

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

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

26. Even if a minimum penalty is prescribed, the\nauthority competent to impose the penalty will be justified in refusing to impose\npenalty. The discretion of the A.O. to levy or not to levy a penalty is still\npreserved by this section, it must be exercised judicially and on a consideration\nof all the relevant circumstances. Recently the ITAT Kolkata

KANHAIYALAL RAMESHWAR DAS,KOTA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3, JAIPUR

iii) of I.T. Act, 1961 and so was not admissible. The\nassessee firm filed its explanation to object notice u/s 154 and claimed that said\nunabsorbed depreciation is allowable to it as per law and cited various judicial\nprecedents on the issue in its favour. The Ld. A.O. without appreciating the legal\nposition as pronounced in various judicial precedents held

KANHAIYALAL RAMESHWAR DAS,KOTA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3, JAIPUR

iii) of I.T. Act, 1961 and so was not admissible. The\nassessee firm filed its explanation to object notice u/s 154 and claimed that said\nunabsorbed depreciation is allowable to it as per law and cited various judicial\nprecedents on the issue in its favour. The Ld. A.O. without appreciating the legal\nposition as pronounced in various judicial precedents held

RAKESH KUMAR JAIN,JAIPUR vs. DCIT,CIRCLE-2, JAIPUR, JAIPUR

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

Bench: Or At The Time Of Hearing Of The Appeal & / Or Modify Any Of The Above Grounds.

26,00,000/- u/s 271(1)(c) of the Income Tax Act. 1961 On appeal against the penalty proceedings, the Ld.CIT(A) confirmed the penalty dismissing the appeal of the assessee stating that the assessee failed to comply to various notices issued by NFAC, whereas none of the notices was ever served on the assessee Brief facts of the case

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)

26,58,910/- was imposed by the AO holding that Respondent has claimed the payment of compensation of land to farmers for mining use as revenue expenditure whereas in assessment the same is treated as capital expenditure. 3. The Respondent filed an appeal before the NFApC and the NFApC vide order dated 25 January 2024 allowed the appeal

DWARKA GEMS LIMITED ,JAIPUR vs. ASST. COMMISSIONER OF INCOME TAX , JAIPUR

In the result, the appeal of the assessee is allowed

26-03-2013 issued\nu/s 274 r.w.s. 271(1)(c) of the Act, thus the notice so issued is\nvoid ab initio and consequently penalty order so passed\ndeserves to be deleted.\n3.\nOn the fact and in the circumstances of the case and in\nlaw the ld.CIT(A) has erred in confirming the action of the AO\nin levying

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)

III) Mitsu Industries Ltd., ITA No. 216 of 2004, Gujarat High Court 7. SLP filed by the department against the said ratio was dismissed by the Hon’ble Supreme Court in the case of SSA'S Emerald Meadows [2016] 73 taxmann.com 248 (SC). Hon’ble Apex Court in the above mentioned case held that “we do not find any merit