PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
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The HC affirmed the penalty under section 271D for contravention of section 269SS, holding that the assessee's appeal fails because the purported loan was not accepted as genuine and had been treated as income under section 68. The court found the appellant's arguments devoid of merit and held that non-acceptance of the loan does not negate the imposition of penalty where cash receipts were returned/deposited in the manner alleged. The question of law was answered against the appellant and in favour of the Revenue; the penalty is sustained and the appeal is dismissed with no relief to the appellant.
The HC affirmed the penalty under section 271D for contravention of section 269SS, holding that the assessee's appeal fails because the purported loan was not accepted as genuine and had been treated as income under section 68. The court found the appellant's arguments devoid of merit and held that non-acceptance of the loan does not negate the imposition of penalty where cash receipts were returned/deposited in the manner alleged. The question of law was answered against the appellant and in favour of the Revenue; the penalty is sustained and the appeal is dismissed with no relief to the appellant.
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