Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2002 (4) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2002 (4) TMI 233 - AT - Income TaxExtract: ....... and not deposit. Even from the statement of Shri Laxmichand Jain it becomes clear that what was deposited by him was only a deposit and not a loan. Therefore, we hold that assessee has violated the provisions of s. 269T and levy of penalty under s. 271E is justified and we uphold the order of learned CIT(A). 11. In the result, appeal is dismissed.
|