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

u/s 275 (1)(c) of Income Tax Act, 1961.\n3\nThe AO assessed the alleged loan as Income so out of preview of section 269SS\nand 269T of the Act.\n4.\nDouble Penalty Not Permissible for Same Default as Ld. AO issued show cause\nnotice 274 r.w.s 271

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

u/s 275 (1)(c) of Income Tax Act, 1961.\n3\nThe AO assessed the alleged loan as Income so out of preview of section 269SS\nand 269T of the Act.\n4.\nDouble Penalty Not Permissible for Same Default as Ld. AO issued show cause\nnotice 274 r.w.s 271

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

u/s 275 (1)(c) of Income Tax Act, 1961.\n3\nThe AO assessed the alleged loan as Income so out of preview of section 269SS\nand 269T of the Act.\n4.\nDouble Penalty Not Permissible for Same Default as Ld. AO issued show cause\nnotice 274 r.w.s 271

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

u/s 275 (1)(c) of Income Tax Act, 1961.\n3\nThe AO assessed the alleged loan as Income so out of preview of section 269SS\nand 269T of the Act.\n4.\nDouble Penalty Not Permissible for Same Default as Ld. AO issued show cause\nnotice 274 r.w.s 271

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

u/s 275 (1)(c) of Income Tax Act, 1961.\n3\nThe AO assessed the alleged loan as Income so out of preview of section 269SS\nand 269T of the Act.\n4.\nDouble Penalty Not Permissible for Same Default as Ld. AO issued show cause\nnotice 274 r.w.s 271

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

u/s 275 (1)(c) of Income Tax Act, 1961.\n3\nThe AO assessed the alleged loan as Income so out of preview of section 269SS\nand 269T of the Act.\n4.\nDouble Penalty Not Permissible for Same Default as Ld. AO issued show cause\nnotice 274 r.w.s 271

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

u/s 275 (1)(c) of Income Tax Act, 1961.\n3\nThe AO assessed the alleged loan as Income so out of preview of section 269SS\nand 269T of the Act.\n4.\nDouble Penalty Not Permissible for Same Default as Ld. AO issued show cause\nnotice 274 r.w.s 271

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

271 and 273 were the two original penalty\nprovisions, which require the penalty proceedings to be initiated during the course\nof relevant assessment proceedings or the other relevant proceedings, as the\ncase may be. The penalty proceedings could also be initiated during the appellate\nproceedings arising out of the relevant assessment proceedings. It is only where\nthe assessment proceedings

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

271 and 273 were the two original penalty\nprovisions, which require the penalty proceedings to be initiated during the course\nof relevant assessment proceedings or the other relevant proceedings, as the\ncase may be. The penalty proceedings could also be initiated during the appellate\nproceedings arising out of the relevant assessment proceedings. It is only where\nthe assessment proceedings

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

271 and 273 were the two original penalty\nprovisions, which require the penalty proceedings to be initiated during the course\nof relevant assessment proceedings or the other relevant proceedings, as the\ncase may be. The penalty proceedings could also be initiated during the appellate\nproceedings arising out of the relevant assessment proceedings. It is only where\nthe assessment proceedings

KANHIAYA LAL SAIN,JAIPUR vs. JCIT RANGE-7 JAIPUR, JAIPUR

In the result, the Appeals of the appellant stands allowed with no orders as to costs

Bench: SHRI SANDEEP GOSAIN (Judicial Member)

271(1)(c) of the Act, subsequently, reference was made to Addl. CIT to initiate penalty proceedings under section 271D of the Act, the Assessing Officer ought to have been recorded his satisfaction. However, Ld. AO has failed to do so. The same is in violation of CBDT Circular no. 09/DV/2016 dated 26.04.2016 advising Assessing Officer to make a reference

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

penalty may not be imposed u/s 271E of the Act for violation of provisions of section 269T of the Act. In compliance to this, an on-line reply dated 28.06.2022 was received from the assessee. 7 ITA Nos. 268, 270, 271

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

penalty may not be imposed u/s 271E of the Act for violation of provisions of section 269T of the Act. In compliance to this, an on-line reply dated 28.06.2022 was received from the assessee. 7 ITA Nos. 268, 270, 271

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)

penalty may not be imposed u/s 271E of the Act for violation of provisions of section 269T of the Act. In compliance to this, an on-line reply dated 28.06.2022 was received from the assessee. 7 ITA Nos. 268, 270, 271

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

penalty may not be imposed u/s 271E of the Act for violation of provisions of section 269T of the Act. In compliance to this, an on-line reply dated 28.06.2022 was received from the assessee. 7 ITA Nos. 268, 270, 271

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

271 and 273 were the two original penalty\nprovisions, which require the penalty proceedings to be initiated during the course\nof relevant assessment proceedings or the other relevant proceedings, as the\ncase may be. The penalty proceedings could also be initiated during the appellate\nproceedings arising out of the relevant assessment proceedings. It is only where\nthe assessment proceedings

DHANRAJ SETHIA,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX , CIRCLE-1

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

Bench: Hon’ble SHRI SANDEEP GOSAIN (Judicial Member)

Penalty Notice Under Section 274 read with Section 271 of the Income Tax Act, 1961 Office of the Assistant Commissioner of Income – Tax, Circle-1, Jaipur PAN:ABUPS0573B Date: 04-03-2014 Shri Dhanraj Sethia 1013, Mishra Rajaji Ka Rasta Chandpole Bazar, Jaipur Whereas in the course of proceedings before me for the A.Y. 2012-13, it appears

DY. COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2, JAIPUR, JAIPUR vs. SH. ASHWANI GUPTA, JAIPUR

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

269T of the Act, which\nputs an embargo on re-payment of loans except by the modes specified therein\nand, therefore, penalty u/s 271E is clearly exigible and consequently, he ordered\nto levy penalty of Rs.9,36,57,733/- i.e., equal to the amount of repayment of loan\nother than account payee cheque, is imposed on the assessee in terms