Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2014 (7) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (7) TMI 915 - HC - Income TaxPenalty 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 and 269-T of the Act would be applicable or not can be considered only after thorough enquiry and considering the activities of the petitioner as well as respective transaction even while conducting enquiry, relevant documents and other facts are required to be considered – thus, let the assessee appear before the appropriate authority who has issued the Show Cause Notice - Decided in favour of Assessee.
|