NOORDEEN AHMED AMINA ,SALEM vs. ITO , NFAC , DELHI
The appeal stand allowed in terms of our above order
ITA 1118/CHNY/2022[2018-2019]Status: DisposedITAT Chennai26 Jul 2023AY 2018-2019
Bench: Hon’Ble Shri V. Durga Rao, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपीलसं./Ita No.1118/Chny/2022 (िनधा1रणवष1 / Assessment Year: 2018-19) Noordeen Ahmed Amina Ito बनाम/ 18/27, Ranga Nagar, Suramangalam, Nfac Vs. Salem-636 005. New Delhi. "थायीलेखासं./जीआइआरसं./Pan/Gir No.Bxepa-3157-Q (अपीलाथ"/Appellant) : ("#थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Ms. N.V.Lakshmi(Advocate)- Ld Ar "#थ"कीओरसे/Respondent By : Shri D.Hema Bhupal (Jcit) – Ld. Sr. Dr सुनवाईकीतारीख/Date Of Hearing : 24-07-2023 घोषणाकीतारीख/Date Of Pronouncement : 26-07-2023 आदेश / O R D E R Manoj Kumar Aggarwal () 1. Aggrieved By Confirmation Of Penalty U/S 271D For Rs.5 Lacs For Assessment Year (Ay) 2018-19, The Assessee Is In Further Appeal Before Us. The Impugned Order Has Been Passed By Learned Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre (Nfac), Delhi [Cit(A)] On 26-09-2022 In The Matter Of Impugned Penalty Levied By Ld. Assessing Officer [Ao] U/S. 271D Of The Act Vide Order Dated 22-02-2022. In The Penalty Order, The Penalty Has Been Levied On The Finding That The Assessee Has Received Rs.5 Lacs In Cash On Sale Of Immovable Property
For Appellant: Ms. N.V.Lakshmi(Advocate)- Ld ARFor Respondent: Shri D.Hema Bhupal (JCIT) – Ld. Sr. DR
Section 269SSection 269TSection 271D
Housing Finance Ltd, and balance of Rs.5,50,000
has been received on 06.07.2017 through cheque No.372402 drawn on Corporation
Bank, Salem Town Branch. The schedule of the agreement clearly indicates that the property transferred is land and building constructed thereon. With this clear background, the submissions of the assessee have been examined. Section 269SS as amended w.e.f
