ITA Nos. 1311 & 1312/Del/2025 Mohd Javed (AY: 2017-18)
Case No: ITA Nos. 1311 & 1312/Del/2025
Court: INCOME TAX APPELLATE TRIBUNAL, 'C' BENCH, DELHI
Date: 1/9/2026
Parties Involved
appellantMohd Javed
respondentITO, Ward 48(1)
Facts Summary
The case involves Mohd Javed, who filed appeals against penalty orders dated 11.06.2021 and 14.06.2021 under sections 272A(1)(d)/271A of the Income Tax Act, 1961, imposed by the National Faceless Appeal Centre (NFAC) Delhi for the assessment year 2017-18. The penalties were based on the assessee's inability to explain the source of deposits amounting to Rs.43,57,600/- in his bank account. Previous orders had found the cash deposits to be out of business turnover, and another penalty under section 271B had been quashed as the assessee was deemed a commission agent with prescribed earnings.…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the penalty imposed under sections 272A(1)(d)/271A is sustainable given the previous findings on the source of deposits.
Judgment Outcome
Decided in favour of Assessee.
Precedents Relied Upon
4 precedents cited in this judgement.