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Income Tax Case Laws - Section: 269SS

 

Income Tax


Cases for Section: 269SS
 
Showing 1 to 15 of 176 Records
 

2014 (9) TMI 606 - ITAT PUNE

Gurukrupa Gramin Bigar Sheti Sahakari Pat Sanstha Maryadit Versus Addl. CIT, Ratnagiri Range, Ratnagiri

Penalty u/s 271D Sufficient cause as provided u/s 273B Deposits accepted in contravention to section 269SS/269T or not - Whether the assessee was prevented by sufficient cause within the meaning of S. 273B or not - Held that:- section 273 B comes ......

2014 (8) TMI 872 - ITAT MUMBAI

LODHA BUILDERS PVT LTD And OTHERS Versus ASSTT COMMISSIONER OF INCOME TAX

Levy of penalty u/s 271D/E Violation of provisions of section 269SS - Adjustments through journal entries - Business of land development and construction of real estate properties - Limitation of time Time barred penalty order us/ 271(1)(c) - Hel ......

2014 (8) TMI 603 - MADRAS HIGH COURT

The Commissioner of Income tax Versus M/s. Rashi Injection Moulders

Penalty u/s 271D Cash loans received from creditors Reasonable cause for taking loans explained by assessee or not - Held that:- The sundry loans have been extended by the agriculturists within the limits prescribed u/s 269SS of the Income Tax Ac ......

2014 (8) TMI 40 - MADRAS HIGH COURT

Director of Income Tax Exemptions, Chennai Versus M/s. Young Men Christian Association

Penalty u/s 271D and 271E Cash loan transactions treated as undisclosed income u/s 68 waiver of penalty u/s 273B - Held that:- The Tribunal have considered the order of the Assessing Authority that it is a case of unexplained cash receipt and tre ......

2014 (7) TMI 915 - GUJARAT HIGH COURT

Sarbhan Co-Op Agri. Produce Pro. And Marketing Soc. Ltd. Versus Union of India And 1

Penalty u/s 271D/ 271E Amount accepted or repaid in contravention of section 269SS and 269T Held that:- Ample opportunity will be given to the assessee to submit its case - whether with respect to the transactions provisions of Sections 269-SS an ......

2014 (7) TMI 808 - ITAT HYDERABAD

ITO, Ward 11(2), Hyderabad Versus M/s. Laxmi Srinivasa Finance Corporation

Penalty u/s 271D cash transaction with OSFC a unit of assessee - Cash deposits received more than ₹ 10,000 Violation of provisions of section 269SS - Held that:- OSFC is not different from the assessee firm and the AO assessed the income/l ......

2014 (7) TMI 522 - ITAT COCHIN

DEPUTY COMMISSIONER OF INCOME TAX, KOTTAYAM Versus SHRI LISTIN STEPHEN

Acceptance of loan in Cash - violation of section 269SS - Penalty u/s 271D of the Act Purpose of loan Business or not - The claim of the assessee is that he has accepted loans from various persons by way of cash and returned the same to the perso ......

2014 (7) TMI 137 - GUJARAT HIGH COURT

COMMISSIONER OF INCOME-TAX AHMEDABAD IV Versus MAA KHODIYAR CONSTRUCTION

Penalty u/s 271D of the Act Exception to section 269SS of the Act Cash accepted exceeding the limit Genuineness of loan/ deposit transaction Held that:- A sum of ₹ 42.75 lakhs has been taken by way of loan by the respondent from ten dif ......

2014 (6) TMI 47 - DELHI HIGH COURT

Commissioner of Income Tax-VI Versus Worldwide Township Projects Ltd.

Validity of order of Penalty u/s 271D of the Act Bar of limitation as provided in Section 275(1)(c) of the Act Violation of section 269SS of the Act - Held that:- The ambit of the Section 269SS is clearly restricted to transaction involving accep ......

2014 (5) TMI 665 - ITAT DELHI

M/s. Toscana Lasts Limited Versus ITO, Ward 16 (3), New Delhi

Levy of penalty u/s 271D of the Act Cash loan taken for purchase of property - Held that:- Assessee relied upon MOU dated 2.7.2008 - the assessee alongwith Mr. R.M. Zafarullah had jointly invested money to purchase property and thereafter share pro ......

2014 (5) TMI 436 - PUNJAB & HARYANA HIGH COURT

M/s. Charan Dass Ashok Kumar, Moga (AADFC3410D) Versus Commissioner of Income Tax III, Ludhiana

Penalty u/s 271D - Acceptance of loan in Cash by the appellant firm from its agriculturist customer - violation of provisions of section 269SS - Refusal to take cognizance of extract of cash book Documentary evidence furnished or not Held that:- ......

2014 (5) TMI 388 - ITAT HYDERABAD

The Deputy CIT Central Circle-6, Hyderabad Versus Smt. C. Swapna, Hyderabad

Scope of section 269SS of the Act Journal entries Penalty proceedings u/s 271D of the Act Held that:- Following Smt. C. Swapna, Hyderabad [2014 (4) TMI 71 - ITAT HYDERABAD] - The assessee challenged the penalty proceedings initiated u/s 271D of ......

2014 (5) TMI 271 - ITAT AHMEDABAD

Income-tax Officer Versus Smt. Sapna Sandip Shah Gajra Nivas, Jain Society

Deletion of Penalty u/s 271D of the Act Cash loans noticed during assessment Violation of section 269SS of the Act - Held that:- Relying upon CIT us. Noida Toll Bridge Co. ltd. [ 2003 (1) TMI 46 - DELHI High Court] the amounts standing as liabili ......

2014 (4) TMI 67 - ITAT PUNE

New Phaltan Sugar Works Ltd. Versus Addl. CIT, Satara Range, Satara

Penalty u/s 271D Violation of Provisions levy of penalty where loans/deposits are genuine - Waiver of penalty u/s 273B - reasonable cause - Held that:- no phrase occurring in section 269SS to indicate that provisions will not apply to genuine tra ......

2014 (3) TMI 218 - KERALA HIGH COURT

M/s. Soundarya Textiles Versus The Assistant Commissioner of Income Tax

Contravention of section 269SS of the Act Penalty u/s 271DD of the Act Proper explanation not made - Held that:- There was no material to substantiate the questions raised by the appellant - The main allegation raised by the assessing officer for ......

 
   
 
 
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