ITAT Dismisses Section 271D Penalty Appeal for filing before it instead of CIT(A)

Shri Sant Gajanan Maharaj Urban Co–operative Credit Society Vs ITO (ITAT Nagpur) Income Tax Appellate Tribunal (ITAT), Nagpur bench, has dismissed an appeal filed by Shri Sant Gajanan Maharaj Urban Co-operative Credit Society. The appeal challenged a penalty of Rs. 63,52,742 levied under Section 271D of the Income Tax Act, 1961, for the assessment year 2018-19. The assessee had filed an appeal before the ITAT against the penalty order issued by the Assessment Unit on September 12, 2024. The grounds of appeal raised by the society included contentions that the penalty order was legally unsoun...