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

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

penalty proceedings for concealment of particulars of\nincome were initiated u/s 271(1)(c) vide show cause notice dated\n24.12.2018.\nA further opportunity of being heard was granted vide notice dated\n07.07.2015. It would be worthwhile to mention that no further appeal had\nbeen filed by the assessee against the assessment order u/s 143(3) r.w.s 153A\ndated

RAJ KUMAR JAIN,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE – 2, JAIPUR, JAIPUR

In the result, appeal of the assessee is allowed

133A of the Act was carried out by the Income Tax Department on the members of Okay Plus-JKD Group on 04.09.2013 of which the assessee is one of the members. During the course of such actions referred above, cash, jewellery, valuables, stock-in-trade, documents, books of account and/or loose papers were found and seized from the premises

RAMESH CHAND BANSAL,BEAWAR vs. DCIT, AJMER

In the result, the appeals of the assessee are allowed

133A was conducted at the business premises of the assessee on 13.10.2010. During the course of search on 13.10.2010, statements of assessee and his wife were recorded u/s 132(4) of the Act, wherein the assessee surrendered a sum of Rs. 25,00,000/- on account of unexplained cash and advances vide ans. to Q. 15. However, later on while

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