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

37,98,650/-\n2\n1164/JP/2025\n2015-16\n19.06.2025\nLevy of penalty u/s 271E of the Act\nvide order dated 28.08.2023 for an\namount of Rs.1,40,80,050/-\n3\n1165/JP/2025\n2016-17\n19.06.2025\nLevy of penalty u/s 271D of the Act\nvide order dated 28.08.2023 for an\namount of Rs.1,26,03,513/-\n4\n1166/JP/2025\n2016-17\n19.06.2025\nLevy

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

37,98,650/-\n2\n1164/JP/2025\n2015-16\n19.06.2025\nLevy of penalty u/s 271E of the Act\nvide order dated 28.08.2023 for an\namount of Rs.1,40,80,050/-\n3\n1165/JP/2025\n2016-17\n19.06.2025\nLevy of penalty u/s 271D of the Act\nvide order dated 28.08.2023 for an\namount of Rs.1,26,03,513/-\n4\n1166/JP/2025\n2016-17\n19.06.2025\nLevy

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

37,98,650/-\n2\n1164/JP/2025\n2015-16\n19.06.2025\nLevy of penalty u/s 271E of the Act\nvide order dated 28.08.2023 for an\namount of Rs.1,40,80,050/-\n3\n1165/JP/2025\n2016-17\n19.06.2025\nLevy of penalty u/s 271D of the Act\nvide order dated 28.08.2023 for an\namount of Rs.1,26,03,513/-\n4\n1166/JP/2025\n2016-17\n19.06.2025\nLevy

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

37,98,650/- levied by Ld. AO u/s 271D of I. Tax Act\nby holding that the penalty order passed on 28.08.2023 is beyond the date of limitation.\nHowever, in addition to or/and in alternative, the contentions of the assessee are as\nunder\n1.1\nIn the assessment order, no satisfaction was recorded for initiation of penalty u/s\n271D

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

37,98,650/-\n2\n1164/JP/2025\n2015-16\n19.06.2025\nLevy of penalty u/s 271E of the Act\nvide order dated 28.08.2023 for an\namount of Rs.1,40,80,050/-\n3\n1165/JP/2025\n2016-17\n19.06.2025\nLevy of penalty u/s 271D of the Act\nvide order dated 28.08.2023 for an\namount of Rs.1,26,03,513/-\n4\n1166/JP/2025\n2016-17\n19.06.2025\nLevy

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

37,98,650/-\n2\n1164/JP/2025\n2015-16\n19.06.2025\nLevy of penalty u/s 271E of the Act\nvide order dated 28.08.2023 for an\namount of Rs.1,40,80,050/-\n3\n1165/JP/2025\n2016-17\n19.06.2025\nLevy of penalty u/s 271D of the Act\nvide order dated 28.08.2023 for an\namount of Rs.1,26,03,513/-\n4\n1166/JP/2025\n2016-17\n19.06.2025\nLevy

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

37,98,650/-\n2\n1164/JP/2025\n2015-16\n19.06.2025\nLevy of penalty u/s 271E of the Act\nvide order dated 28.08.2023 for an\namount of Rs.1,40,80,050/-\n3\n1165/JP/2025\n2016-17\n19.06.2025\nLevy of penalty u/s 271D of the Act\nvide order dated 28.08.2023 for an\namount of Rs.1,26,03,513/-\n4\n1166/JP/2025\n2016-17\n19.06.2025\nLevy

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

37,98,650/-\n2\n1164/JP/2025\n2015-16\n19.06.2025\nLevy of penalty u/s 271E of the Act\nvide order dated 28.08.2023 for an\namount of Rs.1,40,80,050/-\n3\n1165/JP/2025\n2016-17\n19.06.2025\nLevy of penalty u/s 271D of the Act\nvide order dated 28.08.2023 for an\namount of Rs.1,26,03,513/-\n4\n1166/JP/2025\n2016-17\n19.06.2025\nLevy

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

37,98,650/-\n2\n1164/JP/2025\n2015-16\n19.06.2025\nLevy of penalty u/s 271E of the Act\nvide order dated 28.08.2023 for an\namount of Rs.1,40,80,050/-\n3\n1165/JP/2025\n2016-17\n19.06.2025\nLevy of penalty u/s 271D of the Act\nvide order dated 28.08.2023 for an\namount of Rs.1,26,03,513/-\n4\n1166/JP/2025\n2016-17\n19.06.2025\nLevy

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

37,98,650/-\n2\n1164/JP/2025\n2015-16\n19.06.2025\nLevy of penalty u/s 271E of the Act\nvide order dated 28.08.2023 for an\namount of Rs.1,40,80,050/-\n3\n1165/JP/2025\n2016-17\n19.06.2025\nLevy of penalty u/s 271D of the Act\nvide order dated 28.08.2023 for an\namount of Rs.1,26,03,513/-\n4\n1166/JP/2025\n2016-17\n19.06.2025\nLevy

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)

37,98,650/- 2 1164/JP/2025 2015-16 19.06.2025 Levy of penalty u/s 271E of the Act vide order dated 28.08.2023 for an amount of Rs. 1,40,80,050/- 3 1165/JP/2025 2016-17 19.06.2025 Levy of penalty u/s 271D of the Act vide order dated 28.08.2023 for an amount of Rs. 1,26,03,513/- 4 1166/JP/2025

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

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

271(1)(c), the contentions of voluntary surrender to buy peace and avoid\nlitigation etc. are liable to be rejected and in the context of section 271AAB even\nthe question of considering such contentions does not arise\n(f) Manner of earning undisclosed income:-\nIn the submissions the appellant has not explained the manner of how the\nundisclosed income

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

271(1)(c ) of I.T.\nAct, 1961\nTax on concealed income\nMinimum penalty @ 100%\nMaximum penalty @ 300%\nAmount (Rs.)\n13,09,000\n4,04,481\n4,04,481\n12,13,443\n\"I, therefore, impose penalty of Rs.4,04,481/- (100% of tax sought to be evaded).\nNecessary form and challan are being issued.\"\n3.\nFeeling dissatisfied by the order

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

271(1)(c ) of I.T.\nAct, 1961\nTax on concealed income\nMinimum penalty @ 100%\nMaximum penalty @ 300%\nAmount (Rs.)\n13,09,000\n4,04,481\n4,04,481\n12,13,443\n\"I, therefore, impose penalty of Rs.4,04,481/- (100% of tax sought to be evaded).\nNecessary form and challan are being issued.”\n3.\nFeeling dissatisfied by the order

ASSISTANT COMMISSIONER OF INCOME TA , JAIPUR vs. SHRI NATH CORPORATION, JAIPUR

In the result, the appeals filed by the Revenue are dismissed

Section 271(1)(c), penalty is not leviable since the assessee has paid the taxes thereon in the Return of Income filed u/s.\n139(1) of the Act. This view of our is supported by the Co-ordinate Benches of the Tribunal in the case of CIT vs. Jupiter Distillery [2012] 23 taxmann.com 303 (Ahmedabad - Trib.) and in the case

ASSISTANT COMMISSIONER OF INCOME-TAX, JAIPUR vs. ROYAL JEWELLERS, JAIPUR

In the result, the appeals filed by the Revenue are dismissed

Section 271(1)(c), penalty is not leviable\nsince the assessee has paid the taxes thereon in the Return of Income filed u/s.\n139(1) of the Act. This view of our is supported by the Co-ordinate Benches of the\nTribunal in the case of CIT vs. Jupiter Distillery [2012] 23 taxmann.com 303\n(Ahmedabad - Trib

ASSISTANT COMMISSIONER OF INCOME TAX, JAIPUR vs. JITENDRA KUMAR AGARWAL, JAIPUR

In the result, the appeals filed by the Revenue are dismissed

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

Section 271(1)(c), penalty is not leviable since the assessee has paid the taxes thereon in the Return of Income filed u/s. ITA No. 267, 196 & 197/JPR/2024 12 Shri Nath Corporation & Ors., Jaipur. 139(1) of the Act. This view of our is supported by the Co-ordinate Benches of the Tribunal in the case of CIT vs. Jupiter

M/S RAJASTHAN STATE INDUSTRIAL DEVELOPMENT & INVESTMENT CORPORATION LTD.,JAIPUR vs. DCIT, CIRCLE-6, JAIPUR, JAIPUR

In the result, both the appeals of the assessee are allowed as indicated\nhereinabove

section 275(1)(a). Hence the penalty order should have\nbeen passed before 31.10.2018 and therefore the penalty order dt.31.03.2019 passed by AO\nis clearly barred by limitation.\n\n6. On merits it is submitted that the penalty has been imposed by the AO for concealment of\nincome on two issues namely disallowance of CSR expenses and disallowance u/s