Income Tax Appellate Tribunal was right in holding that Section 269SS read with Section 271D is not applicable even though the Tribunal having found that ... receiving of loan in cash in contravention of Section 269SS ; hence suffering consequent penalty under Section 271D of the Income Tax Act. In both
laid down u/s 269SS are not violated.
2)........
3).......
4) As per the provisions of Section 273B , penalty u/s 271D will ... Section 269SS . The mandate given under Section 269SS is clear. Any departure from the said mandate invites penalty as is envisaged under Section 271D
Appellate Tribunal was right in deleting the penalty order passed under Section 271D of the Income Tax Act?"
2. The assessment in this case ... default under Section 269SS , if any, as understood by the provisions of Section 273B . Accordingly, penalty imposed in terms of Section 271D for Assessment Years
contravention to the provisions of Section 269 SS and hence penalty under Section 271D of the Act is not attracted?
2. Whether on the facts ... when rigours of Section 269SS of the Income Tax Act cannot be applied, penalty could not be levied under Section 271D of the Income
