DCIT CENTRAL CIRCLE AJMER, AJMER vs. YASHWANT KUMAR SHARMA, AJMER

In the result, the appeal of the revenue is dismissed and the cross

Bench: SHRI SANDEEP GOSAIN (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI, AM vk;dj vihy la-@ITA No. 210/JP/2023 fu/kZkj.k o"kZ@Assessment Years : 2020-21 DCIT, Central Circle, Ajmer cuke Vs. Yashwant Kumar Sharma F-108, Industrial Area, Makhupura Parbatpura, Ajmer LFkk;h ys[kk la-@thvkbZvkj la-@PAN/GIR No.: ASWPS 3791 E vihykFkhZ@Appellant izR;FkhZ@Respondent vk;dj vihy la-@C.O. No. 04/JP/2023 (Arising out of ITA Nos. 210/JP/2023) fu/kZkj.k o"kZ@Assessment Years : 2020-21 Yashwant Kumar Sharma

reassessment in pursuance of which penalty is levied, cannot be the subject matter of penalty proceedings. The assessment or reassessment

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)

reassessment in pursuance of which penalty is levied, cannot be the subject matter of penalty proceedings. The assessment or reassessment

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)

reassessment in pursuance of which penalty is levied, cannot be the subject matter of penalty proceedings. The assessment or reassessment

RAKESH KUMAR JAIN,JAIPUR vs. DCIT,CIRCLE-2, JAIPUR, JAIPUR

In the result, the appeal filed by the assessee is allowed

Bench: Or At The Time Of Hearing Of The Appeal & / Or Modify Any Of The Above Grounds.

reassessment in pursuance of which penalty is levied, cannot be the subject matter of penalty proceedings. The assessment or reassessment

DHANRAJ SETHIA,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX , CIRCLE-1

In the result, the appeal filed by the assessee is allowed

Bench: Hon’ble SHRI SANDEEP GOSAIN (Judicial Member)

reassessment in pursuance of which penalty is levied, cannot be the subject matter of penalty proceedings. The assessment or reassessment

NISHA RUNGTA ,JAIPUR vs. ITO WARD 1(2), JAIPUR

In the result, appeal of the assessee is allowed

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

penalty proceedings under section 271(1)(c) Accordingly, Assessing Officer completed reassessments and imposed penalty- Commissioner (Appeals), however, set aside

GOBIND CHHANGOMAL SAJNANI,JAIPUR vs. INCOME TAX OFFICER, JAIPUR

reassessment proceedings under Section 147 and made an addition of Rs. 1,15,00,000/- treating investment in mutual funds as unexplained. Subsequently, a penalty

SH. ASHOK KUMAR PORWAL,JHALAWAR vs. JCIT, RANGE-1, KOTA, KOTA

In the result, appeal of the assessee is partly allowed

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

reassessment or recomputation and an order imposing a penalty under section 271 and other provisions. In its turn, section 253 provides

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-4, JAIPUR, JAIPUR vs. NISHIT GUPTA, JAIPUR

In the result, the appeal of the revenue is dismissed

Bench: Dr. S. Seethalakshmi & Shri Gagan Goyaldcit, Central Circle-04, Jaipur Pan No. Aaspg 5173G ...... Appellant Vs.

reassessment under Section 147 read with Section 143(3) of the Act vide order dated 25.05.2023 assessing total income at Rs. 4,92,91,900/–, which included addition of Rs. 4,80,00,000/– towards alleged cash loans and Rs. 1,69,000/– towards interest income thereon. 4. Penalty

GUNMALA JAIN,AJMER vs. INCOME TAX OFFICER, WD-2(2), AJMER, AJMER

Appeal of the assessee is dismissed

Bench: SMT. ANNAPURNA GUPTA, AM आयकर अपील सं. / ITA No.1262/JPR/2025 निर्धारणवर्ष / AssessmentYears :2019-20 Gunmala Jain, बनाम 28 Abhi Lash Nikunj, Kalyan Vs. Income Tax Officer, Ward-2(2) Colony, Ajmer Road Kekri, Ajmer स्थायीलेखा सं. / जीआईआर सं./ PAN/GIR No.: ABRPJ 4764E Ajmer अपीलार्थी / Appellant प्रत्यर्थी / Respondent निर्धारिती की ओर से/Assesseeby :Sh. Sunil Porwal, CA (Thr.V.C.) राजस्व की ओर से / Revenue by : Sh. Gautam Singh Choudhary (Addl. CIT) सुनवाई की तारीख / Date of Hearing : 18/1

reassessment proceedings when cornered and the assessee therefore, was culpable of having misrepresented facts. 6. We have heard rival contentions and have gone through the orders of the authorities below. The issue before us pertains to the levy of penalty

SINCERE ARCHITECTS ENGINEERS PVT. LTD.,JAIPUR vs. ACIT, CIRCLE-7, JAIPUR

In the result the appeal no

penalty under sub-section (1) has been initiated;\nin a case where an assessment or reassessment has the effect of\nreducing

SINCERE ARCHITECTS ENGINEERS PVT. LTD.,JAIPUR vs. ACIT, CIRLCE-7, JAIPUR

In the result the appeal no

penalty under sub-section (1) has been initiated;\n(a)\n(b)\nin a case where an assessment or reassessment

J.K.V. STONEX,KISHANGARH vs. INCOME TAX OFFICER, KISHANGARH

In the result, the appeal of the assessee is allowed

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

penalty for non- sheet showing unsecured loan of Rs. filing of return. 5,00,000/-. The AO had initiated the reassessment

GCK STOCK PRIVATE LIMITED,JAIPUR vs. ITO WD 1(4), JAIPUR, JAIPUR

In the result, the appeal of the assessee is partly allowed\nOrder pronounced in the open court on 06/05/2025

reassessment proceedings and confirm the addition\nof ₹4,96,87,796/- and uphold the interest charged under Section 234 and the penalty

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

Penalty – For concealment of\nincome – Assessment year 2011-12 - Assessee filed return for AY 2011-12,\ndeclaring income and capital gains, which was processed under Section 143(1)\nRevenue, suspecting suppression of capital gains, issued a summons. Assessee\nadmitted a mistake In computation and declared additional income – Thereafter,\na notice under Section 148 was issued for reassessment

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

Penalty – For concealment of\nincome – Assessment year 2011-12 - Assessee filed return for AY 2011-12,\ndeclaring income and capital gains, which was processed under Section 143(1)\nRevenue, suspecting suppression of capital gains, issued a summons. Assessee\nadmitted a mistake In computation and declared additional income – Thereafter,\na notice under Section 148 was issued for reassessment

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

Penalty – For concealment of\nincome – Assessment year 2011-12 - Assessee filed return for AY 2011-12,\ndeclaring income and capital gains, which was processed under Section 143(1)\nRevenue, suspecting suppression of capital gains, issued a summons. Assessee\nadmitted a mistake In computation and declared additional income – Thereafter,\na notice under Section 148 was issued for reassessment

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

Penalty – For concealment of\nincome – Assessment year 2011-12 - Assessee filed return for AY 2011-12,\ndeclaring income and capital gains, which was processed under Section 143(1)\nRevenue, suspecting suppression of capital gains, issued a summons. Assessee\nadmitted a mistake In computation and declared additional income – Thereafter,\na notice under Section 148 was issued for reassessment

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

Penalty – For concealment of\nincome – Assessment year 2011-12 - Assessee filed return for AY 2011-12,\ndeclaring income and capital gains, which was processed under Section 143(1)\nRevenue, suspecting suppression of capital gains, issued a summons. Assessee\nadmitted a mistake In computation and declared additional income – Thereafter,\na notice under Section 148 was issued for reassessment