https://www.taxtmi.com/caselaws?id=771298 The ITAT Jaipur set aside a penalty order under Section 271E for violation of Section 269T regarding cash deposits/loans. The CIT(A) had rejected additional evidence (affidavits and ledger copies) submitted by the assessee after remand, citing defects. However, the tribunal found that neither the AO during remand proceedings nor the CIT(A) provided the assessee adequate opportunity to be heard regarding the additional evidence or address the pointed defects. The AO failed to summon the assessee or deponents despite being empowered to conduct enquiry. This constituted a gross violation of natural justice principles, specifically the right to be heard, warranting setting aside of the penalty order. en-us Thu, 15 May 2025 00:00:00 +0530 Fri, 23 May 2025 08:46:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771298 The ITAT Jaipur set aside a penalty order under Section 271E for violation of Section 269T regarding cash deposits/loans. The CIT(A) had rejected additional evidence (affidavits and ledger copies) submitted by the assessee after remand, citing defects. However, the tribunal found that neither the AO during remand proceedings nor the CIT(A) provided the assessee adequate opportunity to be heard regarding the additional evidence or address the pointed defects. The AO failed to summon the assessee or deponents despite being empowered to conduct enquiry. This constituted a gross violation of natural justice principles, specifically the right to be heard, warranting setting aside of the penalty order. Case-Laws Income Tax Thu, 15 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771298