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

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 u/s 271D of the Act\nvide order dated 28.08.2023 for an\namount of Rs.32,96,15,250/-\n13\n1178/JP/2025\n2021-22\n19.06.2025\nLevy of penalty u/s 271E

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

43,524/-\n12\n1177/JP/2025\n2021-22\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/-\n13\n1178/JP/2025\n2021-22\n19.06.2025\nLevy of penalty u/s 271E of the Act\nvide order dated 28.08.2023 for an\namount of Rs.32,96,15,250/-\nAgainst all these appeals of the revenue

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

43,524/-\n12\n1177/JP/2025\n2021-22\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/-\n13\n1178/JP/2025\n2021-22\n19.06.2025\nLevy of penalty u/s 271E of the Act\nvide order dated 28.08.2023 for an\namount of Rs.32,96,15,250/-\nLevy of penalty u/s 271E

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

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 u/s 271D of the Act\nvide order dated 28.08.2023 for an\namount of Rs.32,96,15,250/-\n13\n1178/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

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 u/s 271D of the Act\nvide order dated 28.08.2023 for an\namount of Rs.32,96,15,250/-\n13\n1178/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

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 u/s 271D of the Act\nvide order dated 28.08.2023 for an\namount of Rs.32,96,15,250/-\n13\n1178/JP/2025\n2021-22\n19.06.2025\nLevy of penalty u/s 271E

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)

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 of Rs. 8,33,67,454/- 12 1177/JP/2025 2021-22 19.06.2025 Levy of penalty u/s 271D of the Act vide order dated 28.08.2023 for an amount of Rs. 32,96,15,250/- 13 1178/JP/2025 2021-22 19.06.2025 Levy

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

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 u/s 271D of the Act\nvide order dated 28.08.2023 for an\namount of Rs.32,96,15,250/-\n13\n1178/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

43,524/-\n12\n1177/JP/2025\n2021-22\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/-\n13\n1178/JP/2025\n2021-22\n19.06.2025\nLevy of penalty u/s 271E of the Act\nvide order dated 28.08.2023 for an\namount of Rs.32,96,15,250/-\nAgainst all these appeals of the revenue

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)

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 of Rs. 8,33,67,454/- 12 1177/JP/2025 2021-22 19.06.2025 Levy of penalty u/s 271D of the Act vide order dated 28.08.2023 for an amount of Rs. 32,96,15,250/- 13 1178/JP/2025 2021-22 19.06.2025 Levy

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

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 u/s 271D of the Act\nvide order dated 28.08.2023 for an\namount of Rs.32,96,15,250/-\n13\n1178/JP/2025\n2021-22\n19.06.2025\nLevy of penalty

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)

section 271(1)(c) of the Act be upheld.” ACIT vs. Mangalam Cement Limited. 5. We have heard both the parties and perused the materials available on record. The AO has levied penalty of Rs. 1,26,58,910/- u/s 271(1)(c) of the Act for furnishing inaccurate particulars of income. In the return of income, the Assessee claimed

AJOY SHARMA ,JAIPUR vs. DCIT CENTRAL CIRCLE-1, JAIPUR, JAIPUR

penalty u/s 271(1)(c), it must be proved that the assessee has\nconsciously made the concealment or furnished inaccurate particulars of his\nincome. The said principle has been reiterated in Virtual Soft Systems Ltd. vs.\nCIT (2007) 207 CTR (SC) 733: (2007) 289 ITR 83 (SC) held that:\n“24. Sec.271 of the Act is a penal provision

AJOY SHARMA ,JAIPUR vs. DCIT CENTRAL CIRCLE-1, JAIPUR, JAIPUR

penalty u/s 271(1)(c), it must be proved that the assessee has\nconsciously made the concealment or furnished inaccurate particulars of his\nincome. The said principle has been reiterated in Virtual Soft Systems Ltd. vs.\nCIT (2007) 207 CTR (SC) 733: (2007) 289 ITR 83 (SC) held that:\n“24. Sec.271 of the Act is a penal provision

AJOY SHARMA ,JAIPUR vs. DCIT CENTRAL CIRCLE-1, JAIPUR, JAIPUR

penalty u/s 271(1)(c), it must be proved that the assessee has\nconsciously made the concealment or furnished inaccurate particulars of his\nincome. The said principle has been reiterated in Virtual Soft Systems Ltd. vs.\nCIT (2007) 207 CTR (SC) 733: (2007) 289 ITR 83 (SC) held that:\n“24. Sec.271 of the Act is a penal provision

AJOY SHARMA ,JAIPUR vs. DCIT CENTRAL CIRCLE-1, JAIPUR, JAIPUR

penalty u/s 271(1)(c), it must be proved that the assessee has\nconsciously made the concealment or furnished inaccurate particulars of his\nincome. The said principle has been reiterated in Virtual Soft Systems Ltd. vs.\nCIT (2007) 207 CTR (SC) 733: (2007) 289 ITR 83 (SC) held that:\n“24. Sec.271 of the Act is a penal provision

AJOY SHARMA,JAIPUR vs. DCIT CENTRAL CIRCLE-1, JAIPUR, JAIPUR

penalty u/s 271(1)(c), it must be proved that the assessee has\nconsciously made the concealment or furnished inaccurate particulars of his\nincome. The said principle has been reiterated in Virtual Soft Systems Ltd. vs.\nCIT (2007) 207 CTR (SC) 733: (2007) 289 ITR 83 (SC) held that:\n“24. Sec.271 of the Act is a penal provision

INCOME TAX OFFICER, JAIPUR vs. SHAKUNTLAM COLONIZERS PRIVATE LIMITED, JAIPUR

section 271(1)(c), the Id. AO\nfound that the assessee is guilty of furnishing inaccurate particulars of\nincome to the extent of amount of Rs. 1,97,04,164/-. For that reason, he\nhold that the 'Assessee' has committed default u/s 271(1)(c) of the IT Act\nand, therefore, penalty u/s 271(1)(c) imposed on the furnishing