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

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

penalty in the assessment completed u/s 153A of the Act.\nFurthermore, excess stock of Rs.3,94,67,426/- was found during the course of survey action u/s 133A of the Act resulting in surrendered of the same in ITR. However, the assessee incorporated the surrendered amount under head income from business income which was held under income from other sources

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 was substituted by the Taxation Laws (Amendment) Act, 1970, which came into effect from 1-4-1971. The change was explained by the Board vide Circular No. 56, dated 19-3-1971. Significantly, it postulated that section 275 of the Income-tax Act which specified the time-limit for completion of penalty proceedings has been substituted

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 was substituted by the Taxation Laws (Amendment) Act, 1970, which came into effect from 1-4-1971. The change was explained by the Board vide Circular No. 56, dated 19-3-1971. Significantly, it postulated that section 275 of the Income-tax Act which specified the time-limit for completion of penalty proceedings has been substituted

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

133A\nof the Act was carried out on 19-01-2021 by the Income Tax Department\non M/s Gokul Kripa Colonizers & Developers Pvt. Ltd (hereinafter referred\nas GKCDPL or assessee), one of the members of the Gokul Kripa Group.\nWhile in search proceeding various incriminating documents were\nfound/seized including forensic data from premises covered in the \"Gokul\nkripa group. These

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

133A\nof the Act was carried out on 19-01-2021 by the Income Tax Department\non M/s Gokul Kripa Colonizers & Developers Pvt. Ltd (hereinafter referred\nas GKCDPL or assessee), one of the members of the Gokul Kripa Group.\nWhile in search proceeding various incriminating documents were\nfound/seized including forensic data from premises covered in the \"Gokul\nkripa group. These

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

133A\nof the Act was carried out on 19-01-2021 by the Income Tax Department\non M/s Gokul Kripa Colonizers & Developers Pvt. Ltd (hereinafter referred\nas GKCDPL or assessee), one of the members of the Gokul Kripa Group.\nWhile in search proceeding various incriminating documents were\nfound/seized including forensic data from premises covered in the \"Gokul\nkripa group. These

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

133A\nof the Act was carried out on 19-01-2021 by the Income Tax Department\non M/s Gokul Kripa Colonizers & Developers Pvt. Ltd (hereinafter referred\nas GKCDPL or assessee), one of the members of the Gokul Kripa Group.\nWhile in search proceeding various incriminating documents were\nfound/seized including forensic data from premises covered in the \"Gokul\nkripa group. These

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

133A\nof the Act was carried out on 19-01-2021 by the Income Tax Department\non M/s Gokul Kripa Colonizers & Developers Pvt. Ltd (hereinafter referred\nas GKCDPL or assessee), one of the members of the Gokul Kripa Group.\nWhile in search proceeding various incriminating documents were\nfound/seized including forensic data from premises covered in the \"Gokul\nkripa group. These

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

133A\nof the Act was carried out on 19-01-2021 by the Income Tax Department\non M/s Gokul Kripa Colonizers & Developers Pvt. Ltd (hereinafter referred\nas GKCDPL or assessee), one of the members of the Gokul Kripa Group.\nWhile in search proceeding various incriminating documents were\nfound/seized including forensic data from premises covered in the \"Gokul\nkripa group. These

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

133A\nof the Act was carried out on 19-01-2021 by the Income Tax Department\non M/s Gokul Kripa Colonizers & Developers Pvt. Ltd (hereinafter referred\nas GKCDPL or assessee), one of the members of the Gokul Kripa Group.\nWhile in search proceeding various incriminating documents were\nfound/seized including forensic data from premises covered in the \"Gokul\nkripa group. These

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

133A\nof the Act was carried out on 19-01-2021 by the Income Tax Department\non M/s Gokul Kripa Colonizers & Developers Pvt. Ltd (hereinafter referred\nas GKCDPL or assessee), one of the members of the Gokul Kripa Group.\nWhile in search proceeding various incriminating documents were\nfound/seized including forensic data from premises covered in the \"Gokul\nkripa group. These

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

133A\nof the Act was carried out on 19-01-2021 by the Income Tax Department\non M/s Gokul Kripa Colonizers & Developers Pvt. Ltd (hereinafter referred\nas GKCDPL or assessee), one of the members of the Gokul Kripa Group.\nWhile in search proceeding various incriminating documents were\nfound/seized including forensic data from premises covered in the \"Gokul\nkripa group. These

RUPESH TAMBI,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, JAIPUR

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

penalty of Rs.22,21,149/- under sub section 1(c) of section 271\nAAB of the IT Act, 1961 @30% in above said additional income.\n3.\nThat the appellant craves permission to add to or amend to any of\ngrounds of appeal or to withdraw any of them.\n3. Succinctly, the fact as culled out from the records is that