2026 (5) TMI 542

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....come Tax<br>SHRI YOGESH KUMAR US, JUDICIAL MEMBER AND SHRI SANJAY AWASTHI, ACCOUNTANT MEMBER For the Assesseee : Shri Nirbhay Mehta, Advocate For the Revenue : Shri Puneet Rai, Sr. Standing Counsel for the Department & Shri Nikhi Jain, Adv. ORDER PER BENCH: 1. This is a batch of 12 appeals pertaining to penalties levied u/s 271D or section 271E of the Income Tax Act, 1961 (hereafter....

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.... Act has been granted by the Ld. JCIT in a mechanical manner without due application of mind. Thereafter, following the judgments in the case of Anju Bansal in ITA No.368/2023, order dated 13.07.2023 (Del.) (HC), the resultant assessment proceedings have been held to be void. 3. In all the cases before us, the AO's have held the assessee liable for penalty u/s 271E of the Act for violating the ....

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....ee then the penalties emanating from such orders could not be sustainable in the eyes of law. 4.1 Per contra, the Revenue, being represented by Shri Puneet Rai, Advocate as Special Counsel in these 12 cases, averred that the quantum appeals were pending before the Hon'ble Delhi High Court and the next date of hearing was 23.04.2026. It was the request that either the present matters could be ke....