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(1

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 271D/E and also\nheld that the period of limitation reckoned from the date of assessment order. The\nrelevant finding of Hon'ble High Court is reproduced hereunder: -\n19. In the facts and circumstances noticed above, the Tribunal has held the penalty\norders to be barred by time in terms of section 275(1)(c).\n20. The revenue contends that

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 271D/E and also\nheld that the period of limitation reckoned from the date of assessment order.\nThe relevant finding of Hon'ble High Court is reproduced hereunder: -\n19. In the facts and circumstances noticed above, the Tribunal has held the penalty\norders to be barred by time in terms of section 275(1)(c).\n20. The revenue contends that

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)

u/s 275 (1)(c) of Income Tax Act, 1961. 3 The AO assessed the alleged loan as Income so out of preview of section 269SS and 269T of the Act. 4. Double Penalty Not Permissible for Same Default as Ld. AO issued show cause notice 274 r.w.s 271(1

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)

u/s 275 (1)(c) of Income Tax Act, 1961. 3 The AO assessed the alleged loan as Income so out of preview of section 269SS and 269T of the Act. 4. Double Penalty Not Permissible for Same Default as Ld. AO issued show cause notice 274 r.w.s 271(1

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(1

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 271D/E and also\nheld that the period of limitation reckoned from the date of assessment order. The\nrelevant finding of Hon'ble High Court is reproduced hereunder: -\n19. In the facts and circumstances noticed above, the Tribunal has held the penalty\norders to be barred by time in terms of section 275(1)(c).\n20. The revenue contends that

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 271D/E and also\nheld that the period of limitation reckoned from the date of assessment order.\nThe relevant finding of Hon'ble High Court is reproduced hereunder: -\n19. In the facts and circumstances noticed above, the Tribunal has held the penalty\norders to be barred by time in terms of section 275(1)(c).\n20. The revenue contends that

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(1

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(1

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(1

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

u/s 275(1)(c) of the Act. Hence, the same is hereby quashed. The\nadditional ground of appeal taken by the assessee is therefore, allowed.\n8. Since I have already quashed the penalty on the short ground of limitation, we do not\npropose to adjudicate the other grounds on merits.\nHon'ble Delhi High Court in the case of Principal

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

u/s 275(1)(c) of the Act. Hence, the same is hereby quashed. The\nadditional ground of appeal taken by the assessee is therefore, allowed.\n8. Since I have already quashed the penalty on the short ground of limitation, we do not\npropose to adjudicate the other grounds on merits.\nHon'ble Delhi High Court in the case of Principal

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

u/s 275(1)(c) of the Act. Hence, the same is hereby quashed. The\nadditional ground of appeal taken by the assessee is therefore, allowed.\n8. Since I have already quashed the penalty on the short ground of limitation, we do not\npropose to adjudicate the other grounds on merits.\nHon'ble Delhi High Court in the case of Principal

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

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

u/s 275(1)(c) of the Act. Hence, the same is hereby quashed. The\nadditional ground of appeal taken by the assessee is therefore, allowed.\n8.\nSince I have already quashed the penalty on the short ground of limitation, we do not\npropose to adjudicate the other grounds on merits.\nHon'ble Delhi High Court in the case of Principal

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

u/s 275(1)(c) of the Act. Hence, the same is hereby quashed. The\nadditional ground of appeal taken by the assessee is therefore, allowed.\n8. Since I have already quashed the penalty on the short ground of limitation, we do not\npropose to adjudicate the other grounds on merits.\nHon'ble Delhi High Court in the case of Principal

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

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

section 271 (1) (c) are mentioned or where show cause notice u/s 271\n(1) (c) for imposing of penalty

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

penalty u/s 271(1)(c) is also initiated.\"\n3.3 As per section 271(1)(c), the assessing officer