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Income Tax Case Laws - Section: 269SS

Home Case Index Income Tax Sections List
Cases for Section: 269SS
Showing 1 to 15 of 252 Records
 
  • 2016 (8) TMI 655 - ITAT MUMBAI

    Levy of penalty u/s. 271D - accepting cash loan - Held that - In the case under appeal the assessee had taken loan from one of its share holder and that share holder had withdrawn the money from its bank account. Thus, there was no introduction of ca... ... ...


  • 2016 (8) TMI 810 - ITAT HYDERABAD

    Penalty levied U/s 271D - Held that - The revenue has accepted the explanation of cash deposit in the bank account , in the quantum proceedings , therefore no penalty proceeding were initiated in the quantum proceedings. Since the revenue has accepte... ... ...


  • 2016 (8) TMI 368 - GUJARAT HIGH COURT

    Reopening of assessment - claim of deduction under Section 10B - whether the assessee firm had not paid any interest to its partner on their capital? - Held that - To summarize, the partnership deed was available on record, from which itself the Asse... ... ...


  • 2016 (8) TMI 65 - ITAT DELHI

    Penalty under section 271D - violation of the provisions of section 269SS - share application money exceeding ₹ 20,000/- was received in cash - Held that - The authorized share capital of the assessee company was already paid and nothing was le... ... ...


  • 2016 (8) TMI 609 - GUJARAT HIGH COURT

    Penalty under section 271D - violation of the provisions of section 269SS or not - treating the deposit/loan of ₹ 40,00,000/- as capital contribution of the member of AOP, for the AOP - Held that - We have perused the orders of the Commissioner... ... ...


  • 2016 (6) TMI 1051 - GUJARAT HIGH COURT

    Penalty u/s. 271D - cash receipt in violation of conditions of section 269SS - whether the transaction of accepting ₹ 2 lacs from appellant s son was non-commercial and personal in nature? - Held that - The transaction was between a father and ... ... ...


  • 2016 (8) TMI 471 - ITAT DELHI

    Penalty levied u/s 271D and 271E - whether the amount received by the assessee were advances and not loan or deposits ? - CIT(A) delted penalty - Held that - Commissioner of Income-tax( Appeals) has decided issue in dispute on the basis of the agreem... ... ...


  • 2016 (6) TMI 970 - ITAT MUMBAI

    Penalty levied u/s 271D - violation of the provisions of sec. 269SS - period of limitation - Held that - We are of the view that the intimation given by the AO cannot be considered to be initiation of penalty proceeding u/s 271D of the Act. Further, ... ... ...


  • 2016 (5) TMI 1145 - ITAT VISAKHAPATNAM

    Penalty u/s 271D - Held that - No penalty can be levied u/s 271D of the Act, when the loan is accepted by acknowledgement of debt by passing journal entries in the books of accounts. In the present case on hand, on perusal of the facts available on r... ... ...


  • 2016 (7) TMI 208 - RAJASTHAN HIGH COURT

    Penalty u/s 271D and 271E - assessee has accepted the deposits from its employee and members in cash, in violation of provisions of Section 269SS and 269T - ITAT deleted the penalty - Held that - All the members are agriculturists and having income f... ... ...


  • 2016 (5) TMI 1030 - ITAT CHENNAI

    Penalty passed u/s.271D and 271E - borrowing the money in cash - Held that - For the asst. year 2008-09, the assessee borrowed ₹ 20 lakhs and deposited by the assessee in bank account No.32 with UCO Bank. Thereafter the amount was transferred t... ... ...


  • 2016 (5) TMI 1168 - ITAT KOLKATA

    Penalty u/s 271D - violation of provisions of section 269SS - Held that - We find that the assessee instead of merely responding by way of journal entry on 26.9.2006 in its books, had erroneously passed a receipt entry and a payment entry in its cash... ... ...


  • 2016 (4) TMI 128 - ITAT AHMEDABAD

    Penalty levied u/s 271D - whether the order is time barred - Held that - The last date before which the penalty order u/s 271D could have been passed by the Revenue was 31.03.2014 and the date of passing the order u/s 271D of the Act is 28.03.2014, w... ... ...


  • 2016 (5) TMI 335 - ITAT VISAKHAPATNAM

    Penalty proceedings u/s 271D - deposits in contravention of section 269SS - Held that - In the present case on hand, it was proved beyond doubt that the assessee has accepted cash deposits of ₹ 20,000/- and more, in contravention of section 269... ... ...


  • 2016 (4) TMI 1090 - ITAT JAIPUR

    Penalty u/s 271D - Held that - It is an undisputed fact that the father of the assessee and his aunti and cousin have entered into an agreement with one Nathu Lal for sale of land and on account of sale of land, a sum of ₹ 19,50,000/- was recei... ... ...


 
   
 
 
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