REETA SINGH,BOKARO vs. ITO WARD 3(1), BOKARO/, BOKARO

ITA 154/RAN/2026Status: DisposedITAT Ranchi30 July 2026AY 2016-173 pages

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Income Tax Appellate Tribunal, RANCHI BENCH, RANCHI

Before: SHRI GEORGE MATHAN & SHRI RATNESH NANDAN SAHAY

For Appellant: Shri Raju Prasad, AR
For Respondent: Shri Sandipan Khan, Sr.DR
Hearing: 30/07/2026Pronounced: 30/07/2026

PER: BENCH

1.

This is the appeal filed by the assessee against confirmation of penalty levied under Section 271D of the Income Tax Act, 1961 (in short, the Act) passed by the ld. CIT(A), NFAC, Delhi in Appeal No. NFAC/2015-16/10408586 dated 22/01/2026 for the A.Y. 2016-17. 2. Shri Raju Prasad, ld. A.R. is represented on behalf of the assessee and Shri Sandipan Khan, ld. Sr.DR is represented on behalf of the revenue.

3.

It was submitted by the ld. AR that the assessee had sold an immovable property representing agricultural land for a consideration of Rs. 90.24 lacs and the cost of the compound wall, the assessee had received an amount of Rs. 1.00 crore in the form of two cheques on 10/0

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