Case Law Details
Vijayaben Gokalbhai Zalavadia Vs JCIT (ITAT Ahmedabad)
Introduction: The Income Tax Appellate Tribunal (ITAT) in Ahmedabad recently delivered a significant verdict in the case of Vijayaben Gokalbhai Zalavadia vs. JCIT (ITAT Ahmedabad). The case involved the imposition of a penalty under Section 271D of the Income Tax Act for loan transactions. In this article, we’ll explore the details of the case, the arguments presented, and the ITAT’s decision.
Detailed Analysis:
1. Background of the Case: The appellant, Vijayaben Gokalbhai Zalavadia, filed an appeal against the order dated May 12, 2013, issued by the Commissioner of Income Tax (Appeals) [CIT(A)] for the assessment year 2011-12. The appeal was primarily related to the imposition of a penalty under Section 271D of the Income Tax Act.
2. Grounds of Appeal: The grounds of appeal presented by the appellant included challenges to the penalty levied, citing errors in the CIT(A)’s decision, and questioning the penalty’s validity in the absence of a regular assessment. The appellant also raised concerns about the penalty being imposed in contravention of Section 269SS of the Act.
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