section 271 , section 271A, [section 271AA,] section 271B [, section
271BA], [section 271BB,] section 271C, [section 271CA,] section 271D, section
271E, [section 271F, [section 271FA,] [section ... section (2) of section 272A, sub-section (1)
of section 272AA] or [section 272B or] [sub-section (1) [or sub-section (1A)] of
section 272BB
Specifically
Sections 271D have evidently been
encompassed in Section 2?qB. In the view
of the specific mentioning of Section 271D
in Section 273B, penalty ... levying penalty under section 271D was lost.
Therefore, penalty imposed under section 271D
read with section 269SS could not be sustained."
25. In view
provisions of section 271D of the Act, penalty is
attracted for failure to comply with the provisions of section 269SS of
the Act, which stipulates ... u/s. 271D of the IT Act for acceptance of deposits in cash
in violation of section 269SS as the appellant has not proved
excess of Rs.20,000/- by contravening the
provisions of section 269SS the Assessing Officer referred the matter
to the Jt.CIT, Range-2, Jalgaon ... cash, the provisions of sec. 271D i.e. penalty for failure to
comply with the provisions of sec.269SS are applicable in its case. Sec
hold the petitioner liable to penalty under section 271D for non-
compliance with section 269SS . The Assessing Officer cannot be permitted to
treat the amount ... stage or in subsequent
proceedings. The penalty imposed under section 271D read with section 269SS
cannot, therefore, be sustained
Kamgar Gramin
Bigarsheti Patsanstha Ltd. in contravention of the provisions
of section 269SS. Consequently, on a proposal by Assessing
Officer, penalty proceedings u/s.271D ... provisions of section 271D of
the Income Tax Act which was confirmed by the CIT(A).
4. A plain reading of section 269SS makes
from M/s. Sai
Trading Company in violation of provisions of section 269SS of the
Income-tax Act. It appears that ... deposit' and there
was no violation of section 269SS . As explained by the assessee that
M/s. Sai Trading Company which was a firm
under the provisions of section 271D for contravention of the
provisions of section 269SS of the Act.
3. Matter was carried before the First Appellate ... reasonable cause within the meaning of section 273B . The first
proviso to section 269SS provides that the provisions of this section
shall not apply
imposed u/s 271D of the IT Act for
violating the provisions of Section 269SS ."
2. The ld. DR initiating his arguments submitted ... After careful consideration of the penalty order u/s 271D for violation of section
269SS and the written submissions filed by the appellant
Assessing Officer that the assessee have violated the provisions of Sec.
269SS and 269T of the Income-tax Act. The Assessing Officer, therefore,
initiated ... back by the assessee. The assessee also took up plea that Sec.
269SS contemplate the "Loan" but as the amounts in respect
