RAWAT PRABHU PRAKASH SINGH CHUNDAWAT HUF,UDAIPUR vs. DCIT,CENTERAL CIRCLE-2, UDAIPUR

In the result, all the above appeals of the assessee are allowed

penalty order fails to specify whether the\npenalty is being levied for \"concealment of income\" or \"furnishing inaccurate\nparticulars.\" The twin conditions prescribed under section 271(1)(c) are not satisfied in\nthe present case. In support of the above contentions, the Ld. AR relied on several\njudicial precedents, including:\nCIT v. Pushpendra Surana [(2014) 264 CTR (Raj) 204]\nCIT

RAWAT PRABHU PRAKASH SINGH CHUNDAWAT HUF,UDAIPUR vs. DCIT, CENTRAL CIRCLE-2, UDAIPUR

In the result, all the above appeals of the assessee are allowed

Bench: SHRI. LALIET KUMAR (Judicial Member), DR. MITHA LAL MEENA (Accountant Member)

264 CTR (Raj) 204] o CIT v. Reliance Petroproducts (P) Ltd. [(2010) 322 ITR 158 (SC)] o PricewaterhouseCoopers (P) Ltd. v. CIT [(2012) 253 CTR (SC) 1] o Narangi Land Development Corp. v. ITO [(2024) 38 NYPTTJ 1256 (Mum)] o Ajoy Sharma v. DCIT [(2024) 114 ITR (Trib) 702 (JP)] o Bhaktvatsal Sadguru Trust v. ACIT [(2025) 39 NYPTTJ

RAWAT PRABHU PRAKASH SINGH CHUNDAWAT HUF,UDAIPUR vs. DCITL CENTRAL CIRCLE-2, UDAIPUR

In the result, all the above appeals of the assessee are allowed

Bench: SHRI. LALIET KUMAR (Judicial Member), DR. MITHA LAL MEENA (Accountant Member)

264 CTR (Raj) 204] o CIT v. Reliance Petroproducts (P) Ltd. [(2010) 322 ITR 158 (SC)] o PricewaterhouseCoopers (P) Ltd. v. CIT [(2012) 253 CTR (SC) 1] o Narangi Land Development Corp. v. ITO [(2024) 38 NYPTTJ 1256 (Mum)] o Ajoy Sharma v. DCIT [(2024) 114 ITR (Trib) 702 (JP)] o Bhaktvatsal Sadguru Trust v. ACIT [(2025) 39 NYPTTJ

RAWAT PRABHU PRAKASH SINGH CHUNDAWAT HUF,UDAIPUR vs. DCIT, CENTRAL CIRCLE-2, UDAIPUR

In the result, all the above appeals of the assessee are allowed

Bench: SHRI. LALIET KUMAR (Judicial Member), DR. MITHA LAL MEENA (Accountant Member)

264 CTR (Raj) 204] o CIT v. Reliance Petroproducts (P) Ltd. [(2010) 322 ITR 158 (SC)] o PricewaterhouseCoopers (P) Ltd. v. CIT [(2012) 253 CTR (SC) 1] o Narangi Land Development Corp. v. ITO [(2024) 38 NYPTTJ 1256 (Mum)] o Ajoy Sharma v. DCIT [(2024) 114 ITR (Trib) 702 (JP)] o Bhaktvatsal Sadguru Trust v. ACIT [(2025) 39 NYPTTJ

RAWAT PRABHU PRAKASH SINGH CHUNDAWAT HUF,UDAIPUR vs. DCIT, CENTRAL CIRCLE-2, UDAIPUR

In the result, all the above appeals of the assessee are allowed

Bench: SHRI. LALIET KUMAR (Judicial Member), DR. MITHA LAL MEENA (Accountant Member)

264 CTR (Raj) 204] o CIT v. Reliance Petroproducts (P) Ltd. [(2010) 322 ITR 158 (SC)] o PricewaterhouseCoopers (P) Ltd. v. CIT [(2012) 253 CTR (SC) 1] o Narangi Land Development Corp. v. ITO [(2024) 38 NYPTTJ 1256 (Mum)] o Ajoy Sharma v. DCIT [(2024) 114 ITR (Trib) 702 (JP)] o Bhaktvatsal Sadguru Trust v. ACIT [(2025) 39 NYPTTJ

MANOHAR SINGH,JODHPUR vs. ITO, WARD-1(3),, JODHPUR

In the result, the appeal of the assessee is partly allowed

Section 271(1)(b) and 271(1)(c) of the Act being premature at this stage, both the grounds are dismissed. 6. The ground No. 7 raised by the appellant is regarding charging of interest amounting to Rs. 24,49.836/- u/s 234B of the Act. This being consequential in nature, the AO is directed to allow relief as per this