DWARKA GEMS LIMITED ,JAIPUR vs. ASST. COMMISSIONER OF INCOME TAX , JAIPUR

In the result, the appeal of the assessee is allowed

Section 271 has been considered by the\nHon'ble Delhi High Court in the case of Madhu Shree Gupta vs. UOI, 317 ITR 107\nwherein it has been held that at the stage of initiation of penalty proceedings, the order\npassed by the Assessing Officer need not reflect satisfaction vis-a-vis each and every item\nof addition or disallowance

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)

disallowed said payments - Assessing Officer also passed penalty order under section 271(1)(c) in respect of aforesaid two issues

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

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

disallowed said payments - Assessing Officer also passed penalty order under section 271(1)(c) in respect of aforesaid two issues

ASSISTANT COMMISSIONER OF INCOME-TAX, JAIPUR vs. ROYAL JEWELLERS, JAIPUR

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

section\n271(1)(c) in respect of aforesaid two issues - As regards amount received by\nassessee as advance, Tribunal found that since said amount had been shown in\nbalance sheet annexed to original return, there was no intention on part of\nassessee to conceal - With regard to disallowance qua TDS on account of non-\ndeposit of same with Government, Tribunal