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Penalty u/s 271D imposed without any satisfaction is unsustainable
Case Law Details
- Case Name
- DCIT Vs Deepak Kumar (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2016-17
- Courts
- All ITAT, ITAT Delhi
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DCIT Vs Deepak Kumar (ITAT Delhi)
ITAT Delhi held that penalty u/s 271D of the Income Tax Act is without any satisfaction and, therefore, no such penalty can be levied. Accordingly, penalty u/s 271D quashed.
Facts- Revenue has preferred the present appeal contesting that CIT(A) has erred in deleting the penalty u/s 271D of the Income Tax Act despite the fact that payment made by M/s. Spaze Towers Pvt. Ltd. to the assessee by making cash payments in violation of provisions of section 269SS of the Income Tax Act.
Conclusion- Hon ‘ble Delhi High Court in the case of Standard Brands Ltd., ci...
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