https://www.taxtmi.com/caselaws?id=208019 The appeals were dismissed as repayments under the Golden Bonds Scheme were deemed loans, not deposits, made before the amendment expanding Section 269T's scope to cover loan repayments. The judgment detailed legal provisions, court decisions, and scheme nature, underscoring precise interpretation in tax issues. Applications for condonation of delay in refiling appeals were allowed, citing reasons provided. Penalty under Section 271E was deleted as the repayment was considered a loan, not a deposit, per Commissioner of Income Tax (Appeals) and tribunal rulings. Section 269T applied solely to deposits pre-amendment, extending to loans post-amendment, but not retroactively. en-us Tue, 13 Dec 2011 00:00:00 +0530 Sat, 31 Dec 2011 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208019 The appeals were dismissed as repayments under the Golden Bonds Scheme were deemed loans, not deposits, made before the amendment expanding Section 269T's scope to cover loan repayments. The judgment detailed legal provisions, court decisions, and scheme nature, underscoring precise interpretation in tax issues. Applications for condonation of delay in refiling appeals were allowed, citing reasons provided. Penalty under Section 271E was deleted as the repayment was considered a loan, not a deposit, per Commissioner of Income Tax (Appeals) and tribunal rulings. Section 269T applied solely to deposits pre-amendment, extending to loans post-amendment, but not retroactively. Case-Laws Income Tax Tue, 13 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208019