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2 results for “capital gains”+ Section 271Dclear

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Key Topics

Section 269S11Section 271D8Penalty2

SURJIT KAUR ,PUNJAB vs. ITO WARD 3 , KHANNA, PUNJAB

ITA 1136/CHANDI/2025[2017-18]Status: DisposedITAT Chandigarh06 Jan 2026AY 2017-18

Bench: Tribunal.

For Appellant: Sh. Parikshit Aggarwal (CA) – Ld. ARFor Respondent: Dr. Ranjit Kaur (Addl. CIT) – Ld. Sr. DR
Section 269SSection 269TSection 271D

271D. The Ld. CIT(A) upheld the same against which the assessee is in further appeal before Tribunal. 3. It clearly emerges that no assessment has been framed against the assessee for this year since no taxable capital gains has accrued to the assessee on this transaction. The documents on record would reveal that this transaction has resulted into capital

SOHAN LAL,KULLU vs. INCOME TAX OFFICER WARD KULLU, KULLU

The appeal stand allowed

ITA 1355/CHANDI/2025[2019-20]Status: DisposedITAT Chandigarh15 Apr 2026AY 2019-20
For Appellant: Sh. Parveen Sharma (Advocate) – Ld. AR (Virtual)For Respondent: Dr. Ranjit Kaur (Addl. CIT) – Ld. Sr. DR
Section 147Section 269SSection 271DSection 274

Capital Gains as offered by the assessee and accepted the returned income. However, since the assessee received consideration of Rs.1.50 Lacs in cash, Ld. AO proposed penalty u/s 271D for contravention of provisions of Sec.269SS. Subsequently, impugned penalty was levied on the assessee vide order dated 16-09-2024. The concluding para of penalty order read as under: - This order