repayment were made in cash, thereby violating the provisions
of section 269SS and 269T of the I.T.Act. The Joint
Commissioner of Income ... violation of the provisions of
section 269SS and 269T of the I.T.Act, imposed penalty u/s
271D and 271E
accepted" any loan or deposit within the meaning of Section 269SS of the Act. The transaction is between two closely related persons viz. father ... Section 269SS is applicable only where the assessee accepts the loan from "any other person". In the context of Section 269SS
Range-4(1), Bangalore initiated
penalty proceedings u/s 271D of the Act for contravention of
Sec. 269SS of the Act vide his notice dated ... levied penalty u/s 271D of
the Act for receiving the said amount in violation of section 269SS of
the Act. The assessee pleaded before
provision. But the ultimate aim
of the section is to prevent evasion of tax. Section 269SS to
prevent evasion of tax is ancillary and incidental ... contravention is made, action could be taken under section 271D .
The provisions of sections 269SS and 271 D are the reasonable
restrictions in accordance with
section 271B , section 271BA ,
section 271BB , section 271C , section 271CA , section 271D , section 271E ,
section 271F , section 271FA , section 271FAB , section 271FB , section 271G ,
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
consequential amendments in section
271D and section 271E to provide penalty for failure to comply with
the amended provisions of section 269SS and 269T , respectively ... Consequential amendments in section 271D and section
271E , to provide penalty for failure to comply with the amended
provisions of section 269SS and 269T , respectively
section 271B, section 271BA,
section 271BB, section 271C, section 271CA, section 271D, section 271E,
section 271F, section 271FA, section 271FAB, section 271FB, section 271G,
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
section 271B, section 271BA, section
271BB, section 271C, section 271CA, section 271D, section 271E, section
271F, section 271FA, section 271FAB, section 271FB, section 271G, 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
consequential amendments in section
271D and section 271E to provide penalty for failure to comply with
the amended provisions of section 269SS and 269T , respectively ... Consequential amendments in section 271D and section 271E ,
to provide penalty for failure to comply with the amended provisions
of section 269SS and 269T , respectively
section 271B, section 271BA,
section 271BB, section 271C, section 271CA, section 271D, section 271E,
section 271F, section 271FA, section 271FAB, section 271FB, section 271G,
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
