introduction
of Section 271D, the punishment of
imprisonment was taken away and the failure
to comply with the provisions of Section
269SS could only ... Court
upheld the constitutional validity of Sec. 269 SS and
observed thus: the object of introducing Section
269SS is to ensure that a tax payer
sufficient enough to drop the invocation of
proceedings under section 271D read with section 269SS of the Act.
In support of her arguments ... that the ld.AO has levied the
penalty under section 271D read with section 269SS of the Act on
the ground that the assessee
loan transaction which is in violation of Section 69-A,
69-B or Section 269SS of the Income Tax Act would
be void ... hold that the suit is not barred under
Sections 69-A, 69-B or Sections 269SS of the Income
Tax Act..."
It is therefore
loan transaction which is in violation of Section 69-A,
69-B or Section 269SS of the Income Tax Act would
be void ... hold that the suit is not barred under
Sections 69-A, 69-B or Sections 269SS of the Income
Tax Act..."
9. As what
loan transaction which is in violation of Section 69-A,
69-B or Section 269SS of the Income Tax Act would
be void ... hold that the suit is not barred under
Sections 69-A, 69-B or Sections 269SS of the Income
Tax Act..."
It is therefore
loan transaction which is in violation of Section 69-A,
69-B or Section 269SS of the Income Tax Act would
be void ... hold that the suit is not barred under
Sections 69-A, 69-B or Sections 269SS of the Income
Tax Act..."
It is therefore
amount, if any given, by the complainant is in violation of Section 269SS of
Income Tax Act,1961 (hereinafter referred ... Section 271D does not provide that such transaction would be
null and void. The payer of money in cash, in violation of Section 269SS
amount, if any given, by the complainant is in violation of Section 269SS of
Income Tax Act,1961 (hereinafter referred ... Section 271D does not provide that such transaction would be
null and void. The payer of money in cash, in violation of Section 269SS
loan transaction which
is in violation of Section 69-A, 69-B or Section
269SS of the Income Tax Act would be void ... hold that the suit is not barred
under Sections 69-A, 69-B or Sections 269SS of
the Income Tax Act..."
It is therefore
Income Tax Act, fails to further his case.
Section 269 SS reads as follows :-
Section 269SS:
No person shall, after the 30th day of June ... loan
transaction which is in violation of Section 69-A , 69-B
or Section 269SS of the Income Tax Act would be void
