RANJU DEVI,DELHI vs. ITO WARD 35(1), DELHI
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Income Tax Appellate Tribunal, DELHI BENCH “G” NEW DELHI
Before: SHRI SATBEER SINGH GODARA & SHRI SANJAY AWASTHI
PER SANJAY AWASTHI, ACCOUNTANT MEMBER:
This appeal arises from order dated 25.02.2026, passed u/s 250 of the Income Tax Act, 1961 (hereafter as “the Act”), by NFAC.
1 In this case, the Ld. AO has imposed a penalty u/s 271D of the Act for receiving payments in cash amounting to Rs.4,28,330/-. It is seen from the orders of authorities below that the assessee jointly sold a property where cash payments of Rs.12,85,000/- was received by the assessee along with two other persons. Thereafter, one third amount, being Rs.4,28,330/-, was held to be in contravention of 269SS of the Act.
1 RANJU DEVI
2 The aggrieved asses
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