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)

80,00,000/-. However the Ld. CIT(A) confirmed the levy of penalty on the balance disputed income of Rs. 4,08,097/-. Thus, we do not find any infirmity in the order passed by the Ld. CIT(A), who partly deleted the penalty levied u/s. 271(1)(c) of the Act. Thus the grounds raised by the Revenue

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

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

80,00,000/-\nwhich was admitted during the course of survey. Thus it cannot be said that the assessee had furnished \"inaccurate particulars of income\" which is not disputed by the Assessing Officer.\n6. 1. Further as per Explanation 5A to Section 271(1)(c), penalty is not leviable since the assessee has paid the taxes thereon in the Return

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

80-IA and disallowance u/s 14A. Thereafter on the last page of the\nassessment order. it is mentioned that penalty proceedings u/s 271(1)(c) of the IT\nAct have been initiated separately. It is pertinent to mention that along with the\nassessment order, notice u/s 274 r.w.s 271(1)(c) dt.07.10.2016(PB 16) is issued.\nThe details

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

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

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI GAGAN GOYAL (Accountant Member)

80-IA and disallowance u/s 14A. Thereafter on the last page of the assessment order, it is mentioned that penalty proceedings u/s 271(1)(c) of the IT Act have been initiated separately. It is worthwhile to mention that along with the assessment order, notice u/s 274 r.w.s 271(1)(c) dt. 31.12.2025 (PB 17) is issued. The details

SUPERFINE HOTELS PRIVATE LIMITED,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-6,, JAIPUR

In the result, appeal of the assessee is partly allowed

section 271(1)(c)\nof I.T. Act, 1961 imposing penalty being 100% of tax leviable on\nfollowing income treating same as concealed income of assessee-\nFurther AO also imposed penalty u/s 271AAA by passing separate\norder on alleged undisclosed income which she determined by treating\nland under JV as outright sale on income therefore on same income\ntwo different penalties

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

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

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)

u/s 80-IB on DEPB, VKUY, VKGUY provision and Duty Draw Back 3 NEEL KANTH GUM AND CHEMICALS VS ACIT, CIRCLE- JUHNJHUNU Provision. Hence, the provisions of Section 271(1)© of the Act are applicable in this case and it is a fit case to levy 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 appeals of the revenue stands dismissed, and the

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

80 (Delhi)/[2015] 378 ITR 614 (Delhi)[13-10-2015] held as under:- “10. Considering that the subject matter of the quantum proceedings was the non- compliance with Section 269T of the Act, there was no need for the appeal against the said order in the quantum proceedings to be disposed of before the penalty proceedings could be initiated

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)

80 (Delhi)/[2015] 378 ITR 614 (Delhi)[13-10-2015] held as under:- “10. Considering that the subject matter of the quantum proceedings was the non- compliance with Section 269T of the Act, there was no need for the appeal against the said order in the quantum proceedings to be disposed of before the penalty proceedings could be initiated

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

80,097/-, without claiming loss of Rs 70,000/- from house\nproperty and after claiming deduction under u/s 80C at Rs. 1,00,000/-.\nAssessment proceedings for the assessment year 2012-13 had been completed\nunder section 143(3)/148 on 23.08.2018 at an income of Rs. 14,09,150/-. While\nframing assessment, penalty proceedings under section 271

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

80,097/-, without claiming loss of Rs 70,000/- from house\nproperty and after claiming deduction under u/s 80C at Rs. 1,00,000/-.\nAssessment proceedings for the assessment year 2012-13 had been completed\nunder section 143(3)/148 on 23.08.2018 at an income of Rs. 14,09,150/-. While\nframing assessment, penalty proceedings under section 271

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

80,097/-, without claiming loss of Rs 70,000/- from house\nproperty and after claiming deduction under u/s 80C at Rs. 1,00,000/-.\nAssessment proceedings for the assessment year 2012-13 had been completed\nunder section 143(3)/148 on 23.08.2018 at an income of Rs. 14,09,150/-. While\nframing assessment, penalty proceedings under section 271

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

80,097/-, without claiming loss of Rs 70,000/- from house\nproperty and after claiming deduction under u/s 80C at Rs. 1,00,000/-.\nAssessment proceedings for the assessment year 2012-13 had been completed\nunder section 143(3)/148 on 23.08.2018 at an income of Rs. 14,09,150/-. While\nframing assessment, penalty proceedings under section 271

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

80,097/-, without claiming loss of Rs 70,000/- from house\nproperty and after claiming deduction under u/s 80C at Rs. 1,00,000/-.\nAssessment proceedings for the assessment year 2012-13 had been completed\nunder section 143(3)/148 on 23.08.2018 at an income of Rs. 14,09,150/-. While\nframing assessment, penalty proceedings under section 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

80,050/- levied by Ld AO u/s 271E of I. Tax Act by\nholding 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\n271E

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

80,050/- levied by Ld AO u/s 271E of I. Tax Act by\nholding 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\n271E

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

80,050/- levied by Ld AO u/s 271E of I. Tax Act by\nholding 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\n271E