No Penalty u/s 271D for cash received before registrar for sale of property - ITAT In a recent judgment, ITAT…
Proceedings u/s 269SS for levy of penalty u/s 271D are independent proceedings- ITAT In a recent judgment, the ITAT Cuttack…
Penalty u/s 271D stayed as assessee denied having received cash loan and matter was pending in Civil Court In a…
No penalty can be levied if AO failed to record such satisfaction in assessment order. Penalty proceedings would necessarily be…
Section 269SS not apply to cash receipt of sale consideration of immovable property, it deals only with loan or deposit…
Penalty u/s 271D for violation of Section 269SS can not be escaped by establishing genuineness or bona fides of the…
Penalty u/s 271D initiated when assessee was alive but order invalid if passed in the name of assessee after his…
Liability of company paid by Director in cash is cash loan u/s 269SS liable to Penalty u/s 271D of the…
Advance taken in cash against sale not loan or deposit u/s 269SS hence no penalty us/ 271D is leviable on…
Cash loan from wife due to business expediency. Penalty u/s 271D deleted as the business was carried on in the…