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

6) which was\neven prior to the serving of the notice u/s 148, resultantly it could not be a case of\nprior detection nor could be a case of intended wrong claim with a view to\nsuppress the income or to evade taxes.\n7.3. It must be appreciated that there has been no such allegations in the entire\nperiod

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

6) which was\neven prior to the serving of the notice u/s 148, resultantly it could not be a case of\nprior detection nor could be a case of intended wrong claim with a view to\nsuppress the income or to evade taxes.\n7.3. It must be appreciated that there has been no such allegations in the entire\nperiod

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

6) which was\neven prior to the serving of the notice u/s 148, resultantly it could not be a case of\nprior detection nor could be a case of intended wrong claim with a view to\nsuppress the income or to evade taxes.\n7.3. It must be appreciated that there has been no such allegations in the entire\nperiod

R P WOOD PRODUCTS PRIVATE LIMITED,AJMER vs. DCIT CENTRAL CIRCLE AJMER, JAIPUR ROAD AJMER

In the result, appeal of the assessee is allowed

Bench: SHRI SANDEEP GOSAIN (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

271 are mentioned would not satisfy the requirement of law ; The assessee should know the grounds which he has to meet specifically. Otherwise, the principles of natural justice are offended. On the basis of such proceedings, no penalty could be imposed on the assessee ; ) taking up of penalty proceedings on one limb and finding the assessee guilty of another limb

GHANSHYAM TAK,NAYA GHAR AJMER vs. DCIT CENTRAL CIRCLE AJMER, JAIPUR ROAD AJMER

In the result, appeal of the assessee is allowed

Bench: SHRI SANDEEP GOSAIN (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

271 are mentioned would not satisfy the requirement of law ; The assessee should know the grounds which he has to meet specifically. Otherwise, the principles of natural justice are offended. On the basis of such proceedings, no penalty could be imposed on the assessee ; ) taking up of penalty proceedings on one limb and finding the assessee guilty of another limb

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 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

R P WOOD PRODUCTS PVT LTD ,NAYA BAZAR AJMER vs. DCIT CENTRAL CIRCLE AJMER, JAIPUR ROAD AJMER

In the result, appeal of the assessee is partly allowed and the appeal of the Revenue is dismissed

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

section 271AAB is not satisfied. Apart from the fact that these transactions were duly recorded in the books of account, the assessee has also produced relevant documents, the details of which are as under :— (A) IN RELATION TO SHARES PURCHASE : Summary of shares purchased during the FY 2012-13 (page No. 87 of paper book) Copy of share allotment Advice

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/-\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 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

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/-\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

NEEL KANTH GUM AND CHEMICALS ,JHUNJHUNU vs. ACIT, CIRCLE JHUNJHUNU, INCOME TAX OFFICE, JHUNJHUNU

In the result, the appeal of the assesee is allowed

Bench: SHRI SANDEEP GOSAIN (Judicial Member), DR MITHA LAL MEENA (Accountant Member)

Section 271(1)© of the Act are applicable in this case and it is a fit case to levy of penalty u/s 271(1)© of the Act. I, therefore, proceed to levy of penalty of Rs.16,64,000/- which is calculated as under:- Computation of Penalty A. Total assessed income as per order u/s 143(3) Rs.5

SHRI ANIL GHATIWALA,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3, JAIPUR

In the result, appeal of the assessee is partly allowed

6. Careful reading of section 271AAB of the Act, the words used are 'AO may direct' and 'the assessee shall pay by way of penalty'. Similar words are used section 158BFA(2) of the Act. The word may direct indicates the discretion to the AO. Further, sub section (3) of section 271AAB of the Act, fortifies this view. Sub section

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