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)

Section 275 (1) (ii) of the Act began to run on 23rd July, 2012 and the last date for passing the penalty orders was 31st January, 2013 Therefore, the penalty orders issued on 26th February 2013 were clearly barred by limitation." In view of the ratio laid down by the Hon'ble Apex Court in the case of Hissaria

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)

Section 275 (1) (ii) of the Act began to run on 23rd July, 2012 and the last date for passing the penalty orders was 31st January, 2013 Therefore, the penalty orders issued on 26th February 2013 were clearly barred by limitation." In view of the ratio laid down by the Hon'ble Apex Court in the case of Hissaria

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

Section 275 (1) (ii) of the Act began to\nrun on 23rd July, 2012 and the last date for passing the penalty orders was 31st\nJanuary, 2013. Therefore, the penalty orders issued on 26th February 2013 were clearly\nbarred by limitation.\"\nIn view of the ratio laid down by the Hon'ble Apex Court in the case of Hissaria

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

Section 275 (1) (ii) of the Act began to\nrun on 23rd July, 2012 and the last date for passing the penalty orders was 31st\nJanuary, 2013 Therefore, the penalty orders issued on 26th February 2013 were clearly\nbarred by limitation.\"\nIn view of the ratio laid down by the Hon'ble Apex Court in the case of Hissaria

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

Section 275 (1) (ii) of the Act began to\nrun on 23rd July, 2012 and the last date for passing the penalty orders was 31st\nJanuary, 2013 Therefore, the penalty orders issued on 26th February 2013 were clearly\nbarred by limitation.\"\nIn view of the ratio laid down by the Hon'ble Apex Court in the case of Hissaria

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

Section 275 (1) (ii) of the Act began to\nrun on 23rd July, 2012 and the last date for passing the penalty orders was 31st\nJanuary, 2013 Therefore, the penalty orders issued on 26th February 2013 were clearly\nbarred by limitation.\"\nIn view of the ratio laid down by the Hon'ble Apex Court in the case of Hissaria

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

Section 275 (1) (ii) of the Act began to\nrun on 23rd July, 2012 and the last date for passing the penalty orders was 31st\nJanuary, 2013 Therefore, the penalty orders issued on 26th February 2013 were clearly\nbarred by limitation.\"\nIn view of the ratio laid down by the Hon'ble Apex Court in the case of Hissaria

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

Section 275 (1) (ii) of the Act began to\nrun on 23rd July, 2012 and the last date for passing the penalty orders was 31st\nJanuary, 2013 Therefore, the penalty orders issued on 26th February 2013 were clearly\nbarred by limitation.\"\nIn view of the ratio laid down by the Hon'ble Apex Court in the case of Hissaria

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

section 263 or section 264, after the expiry of six months from the end of\nthe month in which such order of revision is passed,\n(c) in any other case, after the expiry of the financial year in which the proceedings, in the\ncourse of which action for the imposition of penalty has been initiated, are completed

JAGAT SINGH RATHORE,TONK vs. ITO WD 7(2), , JAIPUR

In the result, the appeal of the assessee is allowed for statistical purposes

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

section 68 cannot be invoked. There apart, the assessee has already furnished the confirmatory affidavit of the creditors and notably statement of those persons was recorded wherein they duly admitted the fact of making contribution by giving cash to the appellant and also explained the source being income from agriculture. However, the rejection of such a confirmation and source

M/S MORANI CARS PVT. LTD.,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, WARD-6, JAIPUR

In the result the appeal of the assessee is partly allowed

Section 36(1) specifically disallows the interest payment on borrowed funds taken to purchase fixed assets upto the period before put to use. Since no funds were borrowed and no interest was paid the disallowance is illegal and to be quashed. Your honour, here I want to place the decision of Hon`ble high court of Rajasthan in case

GURJANT SINGH,JAIPUR vs. PCIT-2, JAIPUR

In the result, the appeal of the assessee is allowed

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

68, 69, 694,698,69C or section 69D to the extent such income has been included by the assesse in the return of income furnished under section 139 and the tax in accordance with the provisions of clause (i) of sub-section (1) of section 115BBE has been paid on or before

ACIT, CENTRAL CIRCLE, ALWAR vs. SHRI BABU LAL DATA, 2015-16

In the result the appeal of the department is dismissed

section 269 SS will not be applicable. Although addition w/s 68 or provisions of sec.269SS are independent provisions but if the alleged income is held to be deemed income of the assessee, the penalty u/s 271D could not be invoked." 22 ACIT, Alwar vs Shri Babu Lal Data, Alwar DIT(Exemptions) Vs. Young Men Christian Association

DY. COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2, JAIPUR, JAIPUR vs. SH. ASHWANI GUPTA, JAIPUR

In the result, all the appeals of the revenue are dismissed

68,450/- against the aforesaid carried\nforward cash loans and cash loans taken during the year, which is also in violation\nto the provisions of section 269T of the I.T. Act, 1961. Also it is noted that\nassessment order in this case was passed on 23.03.2024. The Addi/Jt. CIT finally\nsummarized in the penalty order that the assessee

DY. COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2, JAIPUR, JAIPUR vs. SH. ASHWANI GUPTA, JAIPUR

In the result, all the appeals of the revenue are dismissed

68,450/- against the aforesaid carried\nforward cash loans and cash loans taken during the year, which is also in violation\nto the provisions of section 269T of the I.T. Act, 1961. Also it is noted that\nassessment order in this case was passed on 23.03.2024. The Addi/Jt. CIT finally\nsummarized in the penalty order that the assessee

DY. COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2, JAIPUR, JAIPUR vs. ASHWANI GUPTA, JAIPUR

In the result, all the appeals of the revenue are dismissed

68,450/- against the aforesaid carried\nforward cash loans and cash loans taken during the year, which is also in violation\nto the provisions of section 269T of the I.T. Act, 1961. Also it is noted that\nassessment order in this case was passed on 23.03.2024. The Addi/Jt. CIT finally\nsummarized in the penalty order that the assessee

DY. COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2, JAIPUR, JAIPUR vs. SH. ASHWANI GUPTA, JAIPUR

In the result, all the appeals of the revenue are dismissed

68,450/- against the aforesaid carried\nforward cash loans and cash loans taken during the year, which is also in violation\nto the provisions of section 269T of the I.T. Act, 1961. Also it is noted that\nassessment order in this case was passed on 23.03.2024. The Addi/Jt. CIT finally\nsummarized in the penalty order that the assessee

DY. COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2, JAIPUR, JAIPUR vs. SH. ASHWANI GUPTA, JAIPUR

In the result, all the appeals of the revenue are dismissed

68,450/- against the aforesaid carried\nforward cash loans and cash loans taken during the year, which is also in violation\nto the provisions of section 269T of the I.T. Act, 1961. Also it is noted that\nassessment order in this case was passed on 23.03.2024. The Addi/Jt. CIT finally\nsummarized in the penalty order that the assessee