Shaikh Sujayat Shaikh Islam vs ITO, Ward-3, Amravati

Parties Involved

Facts Summary

The appeal by the assessee is directed against the order of the Commissioner of Income Tax (Appeals)/NFAC, Delhi, dated 26.02.2026, which arose from a penalty order dated 23.01.2020 passed under section 271D of the Income Tax Act, 1961 by the Addl./JCIT, Range-Amravati for the Assessment Year 2018-19. The assessee's sole grievance is regarding the penalty order of Rs. 5,05,000/- passed under section 271D of the Act. The assessee claims that the penalty proceedings were initiated without any valid satisfaction and without initiating any assessment proceedings for the Assessment Year 2018-19. The assessee also argues that the Assessing Officer proceeded on presumptions and conjectures regarding the receipt of cash against the sale consideration.…

Legal Issues

• 1. Whether the penalty proceedings initiated under section 271D of the Act were valid without any valid satisfaction recorded by the Assessing Officer.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

Similar Judgements

• Shaikh Sujayat Shaikh Islam vs ITO, Ward-3, Amravati

  Nagpur bench

• Ashitavinayak Nagari Sahakari Path Sanstha Maryadit vs ITO, Ward-1, Amravati

  Nagpur bench

• Swarnjitsingh Anand v/s Asstt. Commissioner of Income Tax

  Nagpur bench

• Smt. Geetanjali Bhayana vs DCIT

• C & S Electric Limited vs. National Faceless Assessment Centre

  Delhi Bench 'B', New Delhi benchAY 2015-16Allowed

• Sanjeev Jai Narain Aeren vs. Addl.CIT

  Delhi Bench benchAY 2015-16, 2016-17, 2017-18, 2018-19Allowed