Heat oil on skillet at medium heat.Add carom seeds and saute for few second.Add chopped onion and fry for 2 min.Let it translucent and light brown in color.
Add ginger garlic paste and fry for 2 min.Add tomato puree and cook until all water dries up .Now add all powdered masalas except last 3 ingredient in the list above.
Add chopped capsicum and fry for 3-4 min, i don’t like my capsicum to overcook.So it’s your choice.Now add paneer cubes and cook for 5 min .
Add water at this point if you like a little gravy.Adjust salt ,add pepper powder.Make powder of cloves and cinnamon in a mortar pestle.Mix this to paneer. Saute for another 2 min.Serve hot