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Section 269S10 Section 271D4

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

gains has accrued to the assessee on this transaction. The documents on record would reveal that this transaction has resulted into capital loss to the assessee. However, impugned penalty has been levied for violation of Sec.269SS. It is an admitted position that the assessee has not received any advance out of sale consideration but has received entire sale consideration