Section 271DA Penalty Needs Specific Section 269ST Findings: ITAT Delhi

Advertisement Mool Chand Jain Vs JCIT (ITAT Delhi) The appeals arose from orders confirming penalties imposed under Section 271DA of the Income-tax Act, 1961, for the assessment years 2018-19, 2019-20 and 2020-21. Since all three appeals involved identical facts and issues, the ITAT heard them together and treated AY 2018-19 as the lead case. For AY 2018-19, the assessee had filed the return of income declaring income of ₹15,23,210. Subsequently, a search under Section 132 in another group of cases led to the seizure of documents relating to alleged hawala cash transactions. The case was ...