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2023 (8) TMI 297 - SC ORDERPenalty u/s 271D - non comply with the provisions of Section 269SS - As decided by HC [2012 (9) TMI 845 - DELHI HIGH COURT] ITAT was correct in law in holding that there was a reasonable cause due to which, assessee failed to comply with the provisions of Section 269SS and it was not correct to state that the Tribunal based its decision on the only ground that Section 269SS cannot be applied to the assessee whose business itself was the collection of deposits - As submitted by Revenue/Appellant(s) and Assessee/Respondent(s) that in these appeals the relied upon judgments were orders impugned in[2023 (7) TMI 1053 - SC ORDER] and connected matters has dismissed those civil appeals. In the circumstances, appropriate orders may be made in these appeals also. HELD THAT:- Having regard to the aforesaid submissions and having regard to the fact that C.A [supra] were dismissed by this Court these appeals also stand dismissed.
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