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Section 271D in The Income Tax Act, 1961 271D. Penalty for failure to comply with the provisions of section 269-SS. - [(1)] [ Renumbered

both these appeals, the constitutional validity of Sections 269SS and 271D of the Income Tax Act, 1961 (for short, "the Act"), is challenged ... appellant had challenged the constitutional validity of Sections 269SS and 271D of the Act before the High Court. The learned Single Judge dismissed the writ

whereby, the penalty imposed on the respondent- assessee under Sections 271D and 271E of the Income Tax Act, 1961 (hereinafter referred ... respondent-assessee was sought to be penalized by invoking Section 271D of the Act. Section 271D of the Act is also being extracted hereunder

required u/s 269SS and, as such the penalty levied u/s 271D for receiving the loans and deposits in cash, was proper and justified ... After the assessment was made, a penalty proceeding under Section 271D of the said Act was initiated by the Assessing Authority for receiving and accepting

order passed by the Joint Commissioner of Income-tax under Section 271D are vitiated being time-barred by virtue of the provisions of Section ... Joint Commissioner of Income-tax in accordance with the provisions of Section 271D(2) of the Act was bad and unlawful though passed within limitation

learned Tribunal was justified in deleting the penalty under Section 271D holding that the penalty was not imposed within the prescribed period under Section ... legal provision that the authority competent to impose penalty under Section 271D was Joint Commissioner 2 D.B. INCOME TAX APPEAL NO.90/2007 Commissioner

assessee against the levy of penalty respectively under Sections 271D and 271E of the Income-tax Act, 1961. 2. The appellant is a registered firm ... 269SS of the Income-tax Act and, therefore, levied penalty under Section 271D of the Act in a sum equal to the amount of such

relation to assessment year 1993-94 deleting the penalty imposed under section 271D. The solitary ground projects the grievance of the revenue as under ... Gupta and M/s Mangal Sales (P) Ltd. Penalty proceedings under section 271D were initiated for violation of the provisions of section 269SS

Tribunal had erred in law in deleting the penalty under Section 271D for violation of provisions of Sections 269SS ... Whether, for levying the penalty under Section 271D forviolation of Section 269SS of the Act is it required by the assessing officer to look into

confirming the penalty of Rs. 12,63,500 imposed under section 271D of the Income Tax Act, 1961, for contravention of the provisions of section ... assessee and levied a penalty of Rs. 12,63,500 under section 271D of the Income Tax Act, 1961, holding that the assessee had contravened