JAGDISH PRASHAD GUPTA,MUZAFFARNAGAR vs. JCIT RANGE 1(1), MUZAFFARNAGAR
In the result, the appeal of the assessee is allowed
ITA 3822/DEL/2024[2017-18]Status: DisposedITAT Delhi23 Dec 2025AY 2017-18
Bench: Shri S. Rifaur Rahman & Shri Vimal Kumarassessment Year : 2017-18 Shri Jagdish Prashad Gupta, Vs. Jcit, 580/227, Bhartiya Colony, Range 1(1), New Mandi, Muzaffarnagar. Muzaffarnagar, Uttar Pradesh – 251 001. Pan: Ahbpg9897R (Appellant) (Respondent) Assessee By : Ms Shweta Bansal, Ca Revenue By : Shri Om Parkash, Sr. Dr Date Of Hearing : 29.10.2025 Date Of Pronouncement : 23.12.2025
For Appellant: Ms Shweta Bansal, CAFor Respondent: Shri Om Parkash, Sr. DR
Section 143(3)Section 250Section 269SSection 271DSection 68
capital gains to tax, penalty imposed under section 271D was unsustainable in law.
6. The ld. DR relied on the impugned orders.
7. From examination of record in the light of the rival contentions, it is crystal clear that the assessee through agreement to sell dated 05.11.2016
4
received cash payment which was deposited in the bank
