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

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

200/- vide order dated 24.12.2018 and penalty proceedings for concealment of particulars of\nincome were initiated u/s 271(1)(c) vide show cause notice dated 24.12.2018.\nA further opportunity of being heard was granted vide notice dated 07.07.2015. It would be worthwhile to mention that no further appeal had been filed by the assessee against the assessment order u/s

M/S RAJASTHAN STATE INDUSTRIAL DEVELOPMENT AND INVESTMENT CORPORATION LTD.,JAIPUR vs. DCIT, CIRCLE-6, JAIPUR, JAIPUR

In the result, both the appeals of the assessee are allowed as indicated hereinabove

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI GAGAN GOYAL (Accountant Member)

3) dt.31.12.2015 wherever any addition/ disallowance is made, there is no reference of initiation of penalty proceedings though in para 11 of the order penalty proceeding is stated to be initiated against certain additions for furnishing inaccurate particulars of income. Howeverat the end of the assessment order it is stated that penalty proceedings u/s 271(1)(c) have been initiated

M/S RAJASTHAN STATE INDUSTRIAL DEVELOPMENT & INVESTMENT CORPORATION LTD.,JAIPUR vs. DCIT, CIRCLE-6, JAIPUR, JAIPUR

In the result, both the appeals of the assessee are allowed as indicated\nhereinabove

3)\ndt.31.12.2015 wherever any addition/ disallowance is made, there is no reference of\ninitiation of penalty proceedings though in para 11 of the order penalty proceeding is stated\nto be initiated against certain additions for furnishing inaccurate particulars of income.\nHoweverat the end of the assessment order it is stated that penalty proceedings u/s 271(1)(c)\nhave been initiated